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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Starwood Property Trust, Inc. (STWD) Quarterly Financial Ratios

Last 47 quarters of trend data · Real Estate · REIT - Mortgage

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Starwood Property Trust, Inc.'s quarterly P/E stands at 15.0x, down 55.6% year-over-year — suggesting improving earnings relative to price.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →15.0215.0122.0113.2014.9833.8422.1519.7310.5923.8932.258.9827.64
—-55.6%-0.6%-33.1%+41.4%+41.7%-31.3%+119.7%-61.7%+129.4%+331.9%+15.2%+362.0%
P/S Ratio3.693.003.333.553.993.573.343.032.733.182.822.892.79
—-15.9%-0.2%+17.2%+45.9%+12.2%+18.3%+4.9%-1.8%+4.7%-20.9%-42.8%-55.0%
P/B Ratio0.830.810.860.940.930.890.890.850.960.940.850.840.77
—-8.8%-3.6%+10.8%-2.4%-5.2%+5.6%+1.9%+24.4%+15.7%+5.2%-9.8%-29.9%
P/FCF7.093.244.63—7.155.546.9333.2633.38256.064.288.33—
—-41.5%-33.2%—-78.6%-97.8%+62.0%+299.1%——-54.5%+166.6%—
EV / EBITDA18.9415.8410.2677.3028.94——7.966.638.79265.75—9.42
———+870.8%+336.7%———-29.7%—+2711.6%—+8.1%
EV / EBIT19.9814.9310.14—9.23——8.997.199.65——11.81
————+28.3%———-39.1%———-43.8%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Starwood Property Trust, Inc.'s operating margin was 80.5% in Q4 2025, down 0.6 pp QoQ and up 83.3 pp YoY. The trailing four-quarter average of 50.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 342.7% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin80.5%76.8%79.4%27.9%40.9%17.4%95.8%89.2%89.1%87.1%95.8%76.1%30.1%
—+342.7%-17.1%-68.7%-54.1%-80.1%+0.0%+17.3%+195.9%+67.4%+29.8%-38.7%-80.2%
Operating Margin76.2%80.5%81.1%10.7%28.7%-2.9%-4.7%92.4%92.9%81.3%0.4%-13.0%78.5%
—+2904.9%+1817.6%-88.4%-69.2%-103.5%-1390.4%+809.0%+18.4%—-99.6%-166.0%-46.5%
Net Margin21.9%19.1%14.8%27.3%26.8%11.5%15.6%15.9%25.1%13.7%8.9%32.4%10.6%
—+66.2%-5.0%+71.5%+7.0%-15.9%+74.9%-51.0%+136.9%-53.0%-81.2%-49.3%-89.7%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE5.6%1.3%1.0%1.8%1.6%0.7%1.1%1.1%2.2%1.0%0.7%2.4%0.7%
—+80.4%-7.7%+63.0%-28.7%-29.0%+60.7%-52.9%+202.3%-48.4%-75.3%-20.7%-84.4%
ROA0.7%0.2%0.1%0.2%0.2%0.1%0.1%0.1%0.2%0.1%0.1%0.2%0.1%
—+89.3%-1.9%+74.3%-20.9%-19.7%+79.4%-46.7%+242.1%-42.4%-71.9%-11.6%-82.6%
ROIC4.8%1.3%1.7%0.2%0.6%-0.1%-0.1%2.2%2.7%2.0%0.0%-0.3%1.7%
—+2193.8%+1667.2%-88.9%-79.1%-103.1%-1321.1%+795.8%+57.2%—-99.5%-200.0%-24.4%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Starwood Property Trust, Inc.'s Debt/EBITDA ratio is 50.6x, up from 26.3x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 6 consecutive quarters, indicating increasing financial leverage that investors should watch closely.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity2.962.961.471.301.251.251.201.301.281.261.311.301.39
—+136.7%+22.5%-0.2%-2.0%-0.8%-8.4%-0.1%-8.0%-6.4%+4.7%+3.3%+10.2%
Debt / EBITDA14.6850.6426.31181.8068.33——19.5715.5020.44654.08—24.93
———+829.0%+340.8%———-37.8%—+2676.9%—+31.4%
Current Ratio0.360.36———————0.360.790.870.75
——————————+189.8%-96.8%+129.0%
Quick Ratio0.360.36———————0.360.790.870.75
——————————+189.8%-96.9%+129.0%
Interest Coverage1.121.221.190.160.41-0.04-0.071.311.611.050.01-0.191.15
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 47 years · Updated daily

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STWD — Frequently Asked Questions

Quick answers to the most common questions about buying STWD stock.

What is Starwood Property Trust, Inc.'s quarterly P/E ratio trend?

Starwood Property Trust, Inc.'s current P/E is 15.0x. The average P/E over the last 4 quarters is 16.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Starwood Property Trust, Inc.'s margins change by quarter?

Starwood Property Trust, Inc.'s current operating margin is 76.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at STWD quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Starwood Property Trust, Inc.'s business trajectory between earnings reports.

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