Starwood Property Trust, Inc. (STWD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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STWD Revenue Growth
Revenue Breakdown (FY 2025)
STWD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
STWD Revenue Analysis (2014–2025)
As of May 8, 2026, Starwood Property Trust, Inc. (STWD) generated trailing twelve-month (TTM) revenue of $1.89 billion, reflecting strong growth of +12.9% year-over-year. The most recent quarter (Q4 2025) recorded $506.2 million in revenue, up 3.3% sequentially.
Looking at the longer-term picture, STWD's 5-year compound annual growth rate (CAGR) stands at +10.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.05 billion in 2023.
Revenue diversification analysis shows STWD's business is primarily driven by Commercial And Residential Lending Segment (77%), Infrastructure Lending Segment (16%), and Property Segment (8%). With over half of revenue concentrated in Commercial And Residential Lending Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including BXMT (-7.0% YoY), RC (+1726.0% YoY), and ARI (+7.3% YoY), STWD has underperformed the peer group in terms of revenue growth. Compare STWD vs BXMT →
STWD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| STWDCurrent | $1.9B | +12.9% | +10.6% | 76.2% | |
 BXMT | $1.5B | -7.0% | +14.4% | 71.6% | |
 RC | $499M | +1726.0% | +5.4% | 24.2% | |
 ARI | $710M | +7.3% | +15.7% | 65.4% | |
 KREF | $458M | -20.0% | +11.2% | 59.3% | |
 TRTX | $333M | +307.7% | +32.7% | 73.0% |
STWD Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.88B | -7.9% | $1.51B | 80.5% | $1.43B | 76.2% |
| 2024 | $2.04B | -0.5% | $352.5M | 17.3% | $8.1M | 0.4% |
| 2023 | $2.05B | +32.1% | $777.2M | 37.9% | $2.6M | 0.1% |
| 2022 | $1.55B | +30.7% | $1.41B | 90.5% | $1.78B | 114.8% |
| 2021 | $1.19B | +4.5% | $604.4M | 50.9% | $265.3M | 22.3% |
| 2020 | $1.14B | -13.7% | $822.4M | 72.3% | $0 | - |
| 2019 | $1.32B | +18.4% | $836.4M | 63.4% | $522.9M | 39.7% |
| 2018 | $1.11B | +26.4% | $709.3M | 63.7% | $809.3M | 72.7% |
| 2017 | $880.6M | +12.0% | $534.7M | 60.7% | $144.6M | 16.4% |
| 2016 | $786.3M | +3.8% | $599.6M | 76.3% | $367.7M | 46.8% |
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Start ComparisonSTWD — Frequently Asked Questions
Quick answers to the most common questions about buying STWD stock.
Is STWD's revenue growth accelerating or slowing?
STWD maintains +12.9% revenue growth, in line with its 5-year CAGR of +10.6%. TTM revenue stands at $1.9B. Growth rate remains consistent with historical average.
What is STWD's long-term revenue growth rate?
Starwood Property Trust, Inc.'s 5-year revenue CAGR of +10.6% reflects the sustained expansion pattern. Current YoY growth of +12.9% is near this long-term average.
How is STWD's revenue distributed by segment?
STWD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.