What is Starwood Prpty's earnings per share (EPS)?

Starwood Prpty (STWD) reported diluted earnings per share of $1.15 for fiscal year 2025. This represents a 4.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Starwood Prpty Financials

STWD

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Starwood Prpty (STWD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 22/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Starwood Prpty's revenue declined 5.3% year-over-year, from $1.9B to $1.8B. This contraction results in a growth score of 25/100.

Leverage

Starwood Prpty has elevated debt relative to equity (D/E of 8.20), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Starwood Prpty has a free cash flow margin of 5.4%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Starwood Prpty generates a 6.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is up from 5.6% the prior year.

Piotroski F-Score Neutral

4/9

Starwood Prpty passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.38x

For every $1 of reported earnings, Starwood Prpty generates $2.38 in operating cash flow ($977.9M OCF vs $411.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.8B

YoY-5.3%

5Y CAGR+10.2%

10Y CAGR+9.6%

Starwood Prpty generated $1.8B in revenue in fiscal year 2025. This represents a decrease of 5.3% from the prior year.

EBITDA

N/A

Net Income

$411.5M

YoY+14.3%

5Y CAGR+4.4%

10Y CAGR-0.9%

Starwood Prpty reported $411.5M in net income in fiscal year 2025. This represents an increase of 14.3% from the prior year.

EPS (Diluted)

$1.15

YoY+4.5%

5Y CAGR-0.2%

10Y CAGR-4.9%

Starwood Prpty earned $1.15 per diluted share (EPS) in fiscal year 2025. This represents an increase of 4.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$99.4M

YoY-84.6%

Starwood Prpty generated $99.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 84.6% from the prior year.

Cash & Debt

$499.5M

YoY+32.2%

5Y CAGR-2.4%

10Y CAGR+3.1%

Starwood Prpty held $499.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.92

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.0%

Starwood Prpty paid $1.92 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

371M

YoY+9.8%

5Y CAGR+5.4%

10Y CAGR+4.5%

Starwood Prpty had 371M shares outstanding in fiscal year 2025. This represents an increase of 9.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

22.3%

YoY+3.8pp

5Y CAGR-6.9pp

10Y CAGR-38.9pp

Starwood Prpty's net profit margin was 22.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.8 percentage points from the prior year.

Return on Equity

6.1%

YoY+0.5pp

5Y CAGR-1.3pp

10Y CAGR-4.8pp

Starwood Prpty's ROE was 6.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$878.5M

Starwood Prpty invested $878.5M in capex in fiscal year 2025, funding long-term assets and infrastructure.

STWD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.8B-5.3%	$1.9B-5.0%	$2.0B+40.0%	$1.5B+25.2%	$1.2B+3.0%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$208.8M+4.8%	$199.2M+10.6%	$180.2M+2.7%	$175.5M+2.5%	$171.3M+8.5%	$157.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.3B-5.3%	$1.3B-6.1%	$1.4B+80.2%	$797.1M+79.1%	$445.1M+6.0%	$419.8M
Income Tax	$36.7M+44.4%	$25.4M+3829.0%	-$682K+98.9%	-$61.5M-809.7%	$8.7M-57.1%	$20.2M
Net Income	$411.5M+14.3%	$359.9M+6.1%	$339.2M-61.1%	$871.5M+94.6%	$447.7M+35.0%	$331.7M
EPS (Diluted)	$1.15+4.5%	$1.10+2.8%	$1.07-60.9%	$2.74+80.3%	$1.52+31.0%	$1.16

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$492.9M+0.8%	$488.9M+10.0%	$444.3M+6.2%	$418.2M-8.0%	$454.4M-5.2%	$479.5M-2.1%	$489.8M-6.4%	$523.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$58.1M+12.7%	$51.5M+0.9%	$51.1M+6.1%	$48.1M-2.6%	$49.4M+2.9%	$48.1M-5.9%	$51.1M+0.8%	$50.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$333.8M-0.3%	$334.8M+5.9%	$316.1M+8.2%	$292.2M-5.9%	$310.5M-8.1%	$337.9M-1.9%	$344.4M-3.2%	$356.0M
Income Tax	$18.9M+41.9%	$13.3M+1888.5%	$671K-82.2%	$3.8M+279.2%	-$2.1M-120.1%	$10.4M-34.2%	$15.9M+1216.6%	$1.2M
Net Income	$96.9M+33.6%	$72.6M-44.1%	$129.8M+15.6%	$112.3M+117.4%	$51.6M-32.1%	$76.1M-2.3%	$77.9M-49.5%	$154.3M
EPS (Diluted)	N/A	$0.19-50.0%	$0.38+15.2%	$0.33	N/A	$0.23-4.2%	$0.24-50.0%	$0.48

STWD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$63.2B+1.0%	$62.6B-10.0%	$69.5B-12.1%	$79.0B-5.7%	$83.9B+3.7%	$80.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$499.5M+32.2%	$377.8M+94.1%	$194.7M-25.4%	$261.1M+20.1%	$217.4M-61.4%	$563.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M
Total Liabilities	$55.7B+0.6%	$55.4B-11.4%	$62.5B-13.0%	$71.8B-6.9%	$77.2B+1.6%	$76.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$1.8B+5.5%	$1.7B
Total Equity	$6.8B+5.6%	$6.4B+3.0%	$6.3B-3.3%	$6.5B+6.4%	$6.1B+35.3%	$4.5B
Retained Earnings	-$39.0M-116.6%	$235.3M-53.5%	$505.9M-34.2%	$769.2M+56.0%	$493.1M+178.3%	-$629.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$63.2B+1.2%	$62.4B+0.1%	$62.4B+0.3%	$62.2B-0.6%	$62.6B-2.6%	$64.2B+0.2%	$64.1B-3.1%	$66.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$499.5M+65.9%	$301.1M+15.9%	$259.9M-41.0%	$440.6M+16.6%	$377.8M+5.6%	$357.9M+38.0%	$259.3M-20.8%	$327.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M
Total Liabilities	$55.7B+1.5%	$54.9B-0.6%	$55.2B+0.4%	$55.0B-0.6%	$55.4B-2.8%	$57.0B-0.3%	$57.1B-3.4%	$59.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.8B-1.0%	$6.9B+6.9%	$6.4B+0.3%	$6.4B-0.5%	$6.4B-1.6%	$6.5B+5.2%	$6.2B-0.9%	$6.3B
Retained Earnings	-$39.0M-191.6%	$42.6M-71.3%	$148.5M-19.1%	$183.6M-22.0%	$235.3M-32.0%	$346.2M-20.0%	$432.7M-14.8%	$507.6M

STWD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$977.9M+51.2%	$646.6M+22.3%	$528.6M+147.3%	$213.7M+121.6%	-$990.0M-194.7%	$1.0B
Capital Expenditures	$878.5M	$0	$0	N/A	N/A	N/A
Free Cash Flow	$99.4M-84.6%	$646.6M+22.3%	$528.6M	N/A	N/A	N/A
Investing Cash Flow	-$3.8B-281.2%	$2.1B+143.7%	$855.1M+129.0%	-$3.0B+31.1%	-$4.3B-369.6%	-$911.8M
Financing Cash Flow	$2.9B+217.4%	-$2.5B-70.9%	-$1.5B-152.0%	$2.8B-42.6%	$4.9B+36586.8%	$13.3M
Dividends Paid	$668.9M+7.9%	$620.0M+3.1%	$601.2M+1.6%	$591.5M+6.8%	$553.9M+1.3%	$546.9M
Share Buybacks	N/A	N/A	N/A	$0	$0-100.0%	$33.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$488.8M+44.8%	$337.6M+486.5%	-$87.4M-136.6%	$238.9M-19.2%	$295.6M+22.2%	$241.8M+354.0%	$53.3M-4.8%	$55.9M
Capital Expenditures	$0	N/A	N/A	N/A	$0	N/A	N/A	N/A
Free Cash Flow	$488.8M	N/A	N/A	N/A	$295.6M	N/A	N/A	N/A
Investing Cash Flow	-$698.4M+42.7%	-$1.2B-28.0%	-$952.4M-5.1%	-$906.4M-368.5%	$337.5M+8.8%	$310.2M+14.7%	$270.5M-76.8%	$1.2B
Financing Cash Flow	$345.7M-63.5%	$946.5M+15.2%	$821.8M+2.0%	$805.5M+237.0%	-$588.2M-22.9%	-$478.4M-40.9%	-$339.5M+68.6%	-$1.1B
Dividends Paid	$178.2M+8.3%	$164.6M+0.6%	$163.7M+0.9%	$162.3M-0.3%	$162.8M+6.9%	$152.3M-0.2%	$152.6M+0.2%	$152.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

STWD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	22.3%+3.8pp	18.5%+1.9pp	16.6%-43.0pp	59.5%+21.2pp	38.3%+9.1pp	29.2%
Return on Equity	6.1%+0.5pp	5.6%+0.2pp	5.4%-8.1pp	13.5%+6.1pp	7.4%-0.0pp	7.4%
Return on Assets	0.7%+0.1pp	0.6%+0.1pp	0.5%-0.6pp	1.1%+0.6pp	0.5%+0.1pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.20-0.4	8.60-1.4	10.00-1.1	11.12+10.8	0.30-0.1	0.39
FCF Margin	5.4%-27.8pp	33.2%+7.4pp	25.8%	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.7%+4.8pp	14.8%-14.4pp	29.2%+2.4pp	26.8%+15.5pp	11.4%-4.5pp	15.9%-0.0pp	15.9%-13.6pp	29.5%
Return on Equity	1.4%+0.4pp	1.1%-1.0pp	2.0%+0.3pp	1.8%+1.0pp	0.8%-0.4pp	1.2%-0.1pp	1.3%-1.2pp	2.5%
Return on Assets	0.1%+0.0pp	0.1%-0.1pp	0.2%+0.0pp	0.2%+0.1pp	0.1%-0.0pp	0.1%0.0pp	0.1%-0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.20+0.2	7.99-0.6	8.600.0	8.59-0.0	8.60-0.1	8.71-0.5	9.18-0.2	9.43
FCF Margin	99.2%	N/A	N/A	N/A	65.0%	N/A	N/A	N/A

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Frequently Asked Questions

What is Starwood Prpty's annual revenue?

Starwood Prpty (STWD) reported $1.8B in total revenue for fiscal year 2025. This represents a -5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Starwood Prpty's revenue growing?

Starwood Prpty (STWD) revenue declined by 5.3% year-over-year, from $1.9B to $1.8B in fiscal year 2025.

Is Starwood Prpty profitable?

Yes, Starwood Prpty (STWD) reported a net income of $411.5M in fiscal year 2025, with a net profit margin of 22.3%.

What is Starwood Prpty's net profit margin?

Starwood Prpty (STWD) had a net profit margin of 22.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Starwood Prpty pay dividends?

Yes, Starwood Prpty (STWD) paid $1.92 per share in dividends during fiscal year 2025.

What is Starwood Prpty's return on equity (ROE)?

Starwood Prpty (STWD) has a return on equity of 6.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Starwood Prpty's free cash flow?

Starwood Prpty (STWD) generated $99.4M in free cash flow during fiscal year 2025. This represents a -84.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Starwood Prpty's operating cash flow?

Starwood Prpty (STWD) generated $977.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Starwood Prpty's total assets?

Starwood Prpty (STWD) had $63.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Starwood Prpty's capital expenditures?

Starwood Prpty (STWD) invested $878.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Starwood Prpty have outstanding?

Starwood Prpty (STWD) had 371M shares outstanding as of fiscal year 2025.

What is Starwood Prpty's debt-to-equity ratio?

Starwood Prpty (STWD) had a debt-to-equity ratio of 8.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Starwood Prpty's return on assets (ROA)?

Starwood Prpty (STWD) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Starwood Prpty's Piotroski F-Score?

Starwood Prpty (STWD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Starwood Prpty's earnings high quality?

Starwood Prpty (STWD) has an earnings quality ratio of 2.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Starwood Prpty?

Starwood Prpty (STWD) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.