What is STARWOOD PROPERTY TRUST, INC.'s earnings per share (EPS)?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC. (STWD) Financials

STWD

FY2025 annual

Revenue $1.8B -5.3% YoY

Net Income $411.5M +14.3% YoY

EPS (Diluted) $1.15 +4.5% YoY

Free Cash Flow $99.4M -84.6% YoY

Market Cap $4.8B as of Oct 7, 2026

Price / Sales 2.4x on $2.0B revenue, trailing 12 months to June 30, 2026

Price / Earnings 21.0x on $227.9M net income, trailing 12 months to June 30, 2026

Price / Book 0.7x on $6.5B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STWD SEC filings page.

STARWOOD PROPERTY TRUST, INC. (STWD) reported $1.8B in revenue for fiscal year 2025, down 5.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI STWD FY2025 2026-10-03

The trust manages a large, liability-funded asset base; earnings recovered, but FY2025 cash after reported capital spending narrowed sharply.

From FY2023 to FY2025, total assets contracted from $69.5B to $63.2B while net income recovered from $339M to $412M. That combination suggests reported earnings improved even as the underlying asset base became smaller, so income growth alone does not describe the trust’s operating scale.

FY2025 liabilities were $55.7B against $6.8B of equity within $63.2B of assets. The structure leaves the reported asset portfolio predominantly financed by liabilities, making financing conditions and asset values central to the financial picture rather than secondary balance-sheet details.

Operating cash flow rose to $977.9M in FY2025, but free cash flow fell to $99.4M because reported capital expenditures reached $878.5M. Compared with FY2024, when free cash flow was $646.6M, this shows that stronger cash generation did not translate into similarly available cash after reinvestment.

Financial Health Signals

Financial Health Score 26/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of STARWOOD PROPERTY TRUST, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. STARWOOD PROPERTY TRUST, INC. scores 46/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. STARWOOD PROPERTY TRUST, INC. scores 64/100 on it among other REITs.

Leverage

Not available for STARWOOD PROPERTY TRUST, INC., and counted as zero in the overall score.

Interest Cov.

Not available for STARWOOD PROPERTY TRUST, INC., and counted as zero in the overall score.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. STARWOOD PROPERTY TRUST, INC. scores 26/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. STARWOOD PROPERTY TRUST, INC. scores 18/100 on it among other REITs.

Piotroski F-Score Partial

4/6

STARWOOD PROPERTY TRUST, INC. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 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 PROPERTY TRUST, INC. 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

$513.7M

YoY+15.6%

QoQ+0.2%

5Y CAGR+12.0%

10Y CAGR+9.9%

STARWOOD PROPERTY TRUST, INC. generated $513.7M in revenue in Q2 2026. This represents an increase of 15.6% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Net Income

$6.6M

YoY-94.9%

QoQ-87.4%

5Y CAGR-43.7%

10Y CAGR-24.7%

STARWOOD PROPERTY TRUST, INC. reported $6.6M in net income in Q2 2026. This represents a decrease of 94.9% from the same quarter a year earlier. Against the prior quarter it is down 87.4%.

EPS (Diluted)

$0.01

5Y CAGR-52.2%

10Y CAGR-32.0%

STARWOOD PROPERTY TRUST, INC. earned $0.01 per diluted share (EPS) in Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$367.6M

YoY+41.4%

QoQ+26.6%

5Y CAGR+7.6%

10Y CAGR-1.0%

STARWOOD PROPERTY TRUST, INC. held $367.6M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.48

5Y CAGR0.0%

10Y CAGR0.0%

STARWOOD PROPERTY TRUST, INC. paid $0.48 per share in dividends in Q2 2026.

Shares Outstanding

370M

5Y CAGR+5.1%

10Y CAGR+4.5%

STARWOOD PROPERTY TRUST, INC. had 370M shares outstanding in Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

1.3%

YoY-27.9pp

QoQ-8.8pp

5Y change-38.7pp

10Y change-54.5pp

STARWOOD PROPERTY TRUST, INC.'s net profit margin was 1.3% in Q2 2026, showing the share of revenue converted to profit. This is down 27.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.8 percentage points.

Return on Equity

0.1%

YoY-1.9pp

QoQ-0.7pp

5Y change-2.5pp

10Y change-2.6pp

STARWOOD PROPERTY TRUST, INC.'s ROE was 0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$10.0M

QoQ-49.8%

STARWOOD PROPERTY TRUST, INC. spent $10.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 49.8%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

STWD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STWD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.0B	$1.8B-5.3%	$1.9B-5.0%	$2.0B+40.0%	$1.5B+25.2%	$1.2B+3.0%	$1.1B-5.0%	$1.2B+7.9%	$1.1B+26.1%	$879.9M+12.1%	$784.7M+6.6%	$735.9M+4.7%	$702.9M+27.9%	$549.5M+78.8%	$307.3M+48.8%	$206.5M
SG&A Expenses	$224.6M	$208.8M+4.8%	$199.2M+10.6%	$180.2M+2.7%	$175.5M+2.5%	$171.3M+8.5%	$157.9M+1.8%	$155.1M+13.9%	$136.1M+5.1%	$129.6M-15.3%	$152.9M-1.1%	$154.6M-8.9%	$169.7M+13.1%	$150.0M+1186.3%	$11.7M+32.6%	$8.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$144.6M+8.3%	$133.5M-33.1%	$199.6M-8.8%	$218.9M+24.1%	$176.3M-5.0%	$185.5M+47.2%	$126.0M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$238.2M+18.9%	$200.3M-12.4%	$228.6M-2.9%	$235.5M+26.6%	$186.0M+0.2%	$185.7M	N/A
Interest Expense	$1.3B	$1.3B-5.3%	$1.3B-6.1%	$1.4B+80.2%	$797.1M+79.1%	$445.1M+6.0%	$419.8M-17.5%	$508.7M+24.6%	$408.2M+38.1%	$295.7M+28.1%	$230.8M+13.9%	$202.6M+25.7%	$161.1M+44.1%	$111.8M+137.2%	$47.1M+63.7%	$28.8M
Income Tax	$34.6M	$36.7M+44.4%	$25.4M+3829.0%	-$682K+98.9%	-$61.5M-809.7%	$8.7M-57.1%	$20.2M+52.6%	$13.2M-13.7%	$15.3M-51.4%	$31.5M+277.8%	$8.3M-51.5%	$17.2M-28.6%	$24.1M+1.0%	$23.9M+2639.2%	$871K+10.3%	$790K
Net Income	$227.9M	$411.5M+14.3%	$359.9M+6.1%	$339.2M-61.1%	$871.5M+94.6%	$447.7M+35.0%	$331.7M-34.9%	$509.7M+32.1%	$385.8M-3.7%	$400.8M+9.7%	$365.2M-19.0%	$450.7M-9.0%	$495.0M+62.3%	$305.0M+51.6%	$201.2M+66.8%	$120.6M
EPS (Basic)	N/A	$1.15+4.5%	$1.10+2.8%	$1.07-61.8%	$2.80+81.8%	$1.54+32.8%	$1.16-35.9%	$1.81+25.7%	$1.44-5.9%	$1.53+0.7%	$1.52-20.8%	$1.92-15.8%	$2.28+25.3%	$1.82+3.4%	$1.76+27.5%	$1.38
EPS (Diluted)	$0.59	$1.15+4.5%	$1.10+2.8%	$1.07-60.9%	$2.74+80.3%	$1.52+31.0%	$1.16-35.2%	$1.79+26.1%	$1.42-6.6%	$1.52+1.3%	$1.50-21.5%	$1.91-14.7%	$2.24+23.1%	$1.82+3.4%	$1.76+27.5%	$1.38
Diluted Shares (Avg)	N/A	350M+9.2%	321M+3.2%	311M-1.7%	316M+6.4%	297M+5.1%	282M-2.5%	290M+0.4%	288M+10.1%	262M+8.4%	242M+3.3%	234M+7.0%	219M+31.4%	166M+46.4%	114M+31.6%	86M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$513.7M+15.6%	$512.5M+22.5%	$492.9M+8.5%	$488.9M+1.9%	$444.3M-9.3%	$418.2M-20.1%	$454.4M-13.0%	$479.5M-8.1%
SG&A Expenses	$56.7M+11.0%	$58.3M+21.2%	$58.1M+17.5%	$51.5M+7.2%	$51.1M0.0%	$48.1M-5.0%	$49.4M+2.4%	$48.1M+2.9%
Interest Expense	$344.6M+9.0%	$328.9M+12.6%	$333.8M+7.5%	$334.8M-0.9%	$316.1M-8.2%	$292.2M-17.9%	$310.5M-15.9%	$337.9M-8.3%
Income Tax	$6.2M+827.6%	-$3.9M-204.8%	$18.9M+1001.4%	$13.3M+27.7%	$671K-95.8%	$3.8M+212.3%	-$2.1M-111.5%	$10.4M+191.7%
Net Income	$6.6M-94.9%	$51.9M-53.8%	$96.9M+87.7%	$72.6M-4.6%	$129.8M+66.7%	$112.3M-27.3%	$51.6M-27.2%	$76.1M+60.4%
EPS (Basic)	$0.01-97.4%	$0.13-60.6%	$0.26+85.7%	$0.19-17.4%	$0.38+58.3%	$0.33-32.7%	$0.14-36.4%	$0.23+53.3%
EPS (Diluted)	$0.01	$0.13-60.6%	$0.26+85.7%	$0.19-17.4%	$0.38+58.3%	$0.33-31.2%	$0.14-36.4%	$0.23+53.3%
Diluted Shares (Avg)	367M	367M+9.4%	N/A	360M+12.7%	337M+7.5%	335M+1.4%	N/A	320M+3.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

STWD Balance Sheet

STWD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$63.2B+1.0%	$62.6B-10.0%	$69.5B-12.1%	$79.0B-5.7%	$83.9B+3.7%	$80.9B+3.6%	$78.0B+14.3%	$68.3B+8.5%	$62.9B-18.5%	$77.3B-9.9%	$85.7B-26.2%	$116.1B+4.8%	$110.8B+2461.5%	$4.3B+44.3%	$3.0B
Cash & Equivalents	$499.5M+32.2%	$377.8M+94.1%	$194.7M-25.4%	$261.1M+20.1%	$217.4M-61.4%	$563.2M+17.7%	$478.4M+99.5%	$239.8M-35.1%	$369.4M-40.0%	$615.5M+66.9%	$368.8M+44.5%	$255.2M-19.7%	$317.6M+78.8%	$177.7M+55.8%	$114.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M+85.0%	$140.4M0.0%	$140.4M0.0%	$140.4M0.0%	$140.4M0.0%	$140.4M	N/A	N/A
Total Liabilities	$55.7B+0.6%	$55.4B-11.4%	$62.5B-13.0%	$71.8B-6.9%	$77.2B+1.6%	$76.0B+4.3%	$72.9B+15.1%	$63.4B+8.6%	$58.4B-19.7%	$72.7B-10.8%	$81.5B-27.3%	$112.2B+5.4%	$106.4B+6870.0%	$1.5B+23.9%	$1.2B
Long-Term Debt	N/A	N/A	N/A	N/A	$1.8B+5.5%	$1.7B-10.2%	$1.9B-3.5%	$2.0B-5.9%	$2.1B+5.7%	$2.0B+52.0%	$1.3B-6.6%	$1.4B	N/A	N/A	N/A
Total Equity	$6.8B+5.6%	$6.4B+3.0%	$6.3B-3.3%	$6.5B+6.4%	$6.1B+35.3%	$4.5B-4.5%	$4.7B+2.1%	$4.6B+2.8%	$4.5B-1.0%	$4.5B+9.2%	$4.1B+7.2%	$3.9B-9.8%	$4.3B+57.5%	$2.7B+54.6%	$1.8B
Retained Earnings	-$39.0M-116.6%	$235.3M-53.5%	$505.9M-34.2%	$769.2M+56.0%	$493.1M+178.3%	-$629.7M-65.0%	-$381.7M-9.4%	-$349.0M-60.6%	-$217.3M-88.0%	-$115.6M-840.7%	-$12.3M-31.0%	-$9.4M+88.9%	-$84.7M-17.0%	-$72.4M-31.3%	-$55.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$61.0B-2.1%	$62.1B-0.1%	$63.2B+1.0%	$62.4B-2.8%	$62.4B-2.7%	$62.2B-6.1%	$62.6B-10.0%	$64.2B-8.6%
Cash & Equivalents	$367.6M+41.4%	$290.3M-34.1%	$499.5M+32.2%	$301.1M-15.8%	$259.9M+0.3%	$440.6M+34.6%	$377.8M+94.1%	$357.9M+83.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%	$259.8M0.0%
Total Liabilities	$53.9B-2.4%	$54.7B-0.5%	$55.7B+0.6%	$54.9B-3.7%	$55.2B-3.4%	$55.0B-7.0%	$55.4B-11.4%	$57.0B-9.9%
Total Equity	$6.5B+1.2%	$6.7B+4.1%	$6.8B+5.6%	$6.9B+5.0%	$6.4B+3.3%	$6.4B+2.1%	$6.4B+3.0%	$6.5B+3.5%
Retained Earnings	-$337.9M-327.5%	-$165.9M-190.3%	-$39.0M-116.6%	$42.6M-87.7%	$148.5M-65.7%	$183.6M-63.8%	$235.3M-53.5%	$346.2M-40.9%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

STWD Cash Flow Statement

STWD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.1B	$977.9M+51.2%	$646.6M+22.3%	$528.6M+147.3%	$213.7M+121.6%	-$990.0M-194.7%	$1.0B+8021.4%	-$13.2M-102.3%	$585.5M+337.2%	-$246.8M-144.3%	$556.6M-8.1%	$605.7M+174.4%	$220.7M-32.4%	$326.3M+22.9%	$265.6M+234.5%	$79.4M
Depreciation & Amortization	N/A	$79.0M+91.2%	$41.3M-15.9%	$49.1M-0.3%	$49.3M-40.6%	$83.0M-12.1%	$94.4M-16.7%	$113.3M-14.6%	$132.6M+41.7%	$93.6M+40.2%	$66.8M+130.2%	$29.0M+74.5%	$16.6M+71.4%	$9.7M+4454.5%	$213K	N/A
Stock-Based Compensation	N/A	$61.0M+2.6%	$59.4M+12.3%	$52.9M-18.7%	$65.1M-12.5%	$74.4M+13.2%	$65.7M+42.2%	$46.2M+6.4%	$43.5M+10.8%	$39.2M-20.1%	$49.1M-3.8%	$51.0M+11.2%	$45.9M+107.5%	$22.1M+11.9%	$19.8M+43.7%	$13.7M
Capital Expenditures	N/A	$878.5M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	$99.4M-84.6%	$646.6M+22.3%	$528.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$3.3B	-$3.8B-281.2%	$2.1B+143.7%	$855.1M+129.0%	-$3.0B+31.1%	-$4.3B-369.6%	-$911.8M-17.5%	-$775.9M+69.2%	-$2.5B-143.2%	-$1.0B-29.5%	-$800.5M-90.6%	-$420.0M	N/A	N/A	N/A	N/A
Financing Cash Flow	$2.4B	$2.9B+217.4%	-$2.5B-70.9%	-$1.5B-152.0%	$2.8B-42.6%	$4.9B+36586.8%	$13.3M-98.5%	$876.7M-56.3%	$2.0B+91.3%	$1.0B+107.3%	$505.5M+642.0%	-$93.3M	N/A	N/A	N/A	N/A
Dividends Paid	$699.8M	$668.9M+7.9%	$620.0M+3.1%	$601.2M+1.6%	$591.5M+6.8%	$553.9M+1.3%	$546.9M+1.6%	$538.4M+5.6%	$510.0M+1.7%	$501.7M+9.4%	$458.4M+2.6%	$446.8M+11.2%	$401.7M+33.5%	$301.0M+61.7%	$186.1M+30.3%	$142.9M
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0-100.0%	$33.8M	$0-100.0%	$12.1M	N/A	$19.7M-59.5%	$48.7M+275.2%	$13.0M	N/A	N/A	$10.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$170.7M+295.4%	$93.6M-60.8%	$488.8M+65.4%	$337.6M+39.6%	-$87.4M-264.0%	$238.9M+326.9%	$295.6M+2393.5%	$241.8M-32.2%
Depreciation & Amortization	$35.3M+240.0%	$33.7M+193.7%	$31.1M+178.1%	$26.0M+155.6%	$10.4M+2.4%	$11.5M+17.0%	$11.2M-7.9%	$10.2M-17.0%
Capital Expenditures	N/A	N/A	$0	N/A	N/A	N/A	$0	N/A
Free Cash Flow	N/A	N/A	$488.8M+65.4%	N/A	N/A	N/A	$295.6M	N/A
Investing Cash Flow	-$380.9M+60.0%	-$989.7M-9.2%	-$698.4M-306.9%	-$1.2B-493.0%	-$952.4M-452.1%	-$906.4M-177.8%	$337.5M+483.2%	$310.2M-20.7%
Financing Cash Flow	$183.6M-77.7%	$887.4M+10.2%	$345.7M+158.8%	$946.5M+297.9%	$821.8M+342.1%	$805.5M+174.6%	-$588.2M-1254.7%	-$478.4M+37.9%
Dividends Paid	$178.8M+9.2%	$178.2M+9.8%	$178.2M+9.5%	$164.6M+8.1%	$163.7M+7.3%	$162.3M+6.6%	$162.8M+8.0%	$152.3M+1.2%
Share Buybacks	$10.0M	$19.9M	N/A	N/A	$0	$0	N/A	N/A

Not reported in any period shown, so not listed: Stock-Based Compensation.

STWD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STWD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	16.4%-0.6pp	17.0%-10.1pp	27.1%-4.0pp	31.1%-1.0pp	32.1%-28.3pp	60.4%-0.7pp	61.1%
Net Margin	22.3%+3.8pp	18.5%+1.9pp	16.6%-43.0pp	59.5%+21.2pp	38.3%+9.1pp	29.2%-13.4pp	42.6%+7.8pp	34.8%-10.8pp	45.6%-1.0pp	46.5%-14.7pp	61.3%-9.2pp	70.4%+14.9pp	55.5%-10.0pp	65.5%+7.0pp	58.4%
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%-3.5pp	10.8%+2.5pp	8.4%-0.6pp	8.9%+0.9pp	8.1%-2.8pp	10.9%-1.9pp	12.8%+5.7pp	7.1%-0.3pp	7.4%+0.5pp	6.9%
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%-0.2pp	0.7%+0.1pp	0.6%-0.1pp	0.6%+0.2pp	0.5%-0.1pp	0.5%+0.1pp	0.4%+0.1pp	0.3%-4.4pp	4.7%+0.6pp	4.0%
Debt-to-Equity	8.20-0.4x	8.60-1.4x	10.00-1.1x	11.12+10.8x	0.30-0.1x	0.390.0x	0.410.0x	0.430.0x	0.470.0x	0.44+0.1x	0.320.0x	0.37-24.5x	24.86+24.3x	0.56-0.1x	0.70
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.020.0x	0.010.0x	0.010.0x	0.020.0x	0.020.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.01-0.1x	0.070.0x	0.07
FCF Margin	5.4%-27.8pp	33.2%+7.4pp	25.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	1.3%-27.9pp	10.1%-16.7pp	19.7%+8.3pp	14.8%-1.0pp	29.2%+13.3pp	26.8%-2.7pp	11.4%-2.2pp	15.9%+6.8pp
Return on Equity	0.1%-1.9pp	0.8%-1.0pp	1.4%+0.6pp	1.1%-0.1pp	2.0%+0.8pp	1.8%-0.7pp	0.8%-0.3pp	1.2%+0.4pp
Return on Assets	0.0%-0.2pp	0.1%-0.1pp	0.1%+0.1pp	0.1%0.0pp	0.2%+0.1pp	0.2%-0.1pp	0.1%0.0pp	0.1%0.0pp
Debt-to-Equity	8.29-0.3x	8.21-0.4x	8.20-0.4x	7.99-0.7x	8.60-0.6x	8.59-0.8x	8.60-1.4x	8.71-1.3x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	N/A	N/A	99.2%+34.1pp	N/A	N/A	N/A	65.0%	N/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
STARWOOD PROPERTY TRUST, INC. STWD	FY2025	$1.8B	$411.5M	22.3%	$4.8B	26/100
Rithm Capital Corp. RITM	FY2025	$4.6B	$567.2M	12.4%	$4.9B	21/100
AGNC Investment Corp. AGNCN	FY2025	N/A	$1.7B	N/A	N/A	—
Blackstone Mortgage Trust, Inc. (NEW) BXMT	FY2025	$920.3M	$109.6M	11.9%	$1.9B	16/100
Arbor Realty Trust, Inc. ABR	FY2025	$510.4M	$157.8M	30.9%	$647.4M	31/100
AGNC Investment Corp. AGNC	FY2025	N/A	$1.7B	N/A	$10.3B	—

Where STARWOOD PROPERTY TRUST, INC. Ranks

Frequently Asked Questions

What is STARWOOD PROPERTY TRUST, INC.'s annual revenue?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC.'s revenue growing?

STARWOOD PROPERTY TRUST, INC. (STWD) revenue declined by 5.3% year-over-year, from $1.9B to $1.8B in fiscal year 2025.

Is STARWOOD PROPERTY TRUST, INC. profitable?

Yes, STARWOOD PROPERTY TRUST, INC. (STWD) reported a net income of $411.5M in fiscal year 2025, with a net profit margin of 22.3%.

What is STARWOOD PROPERTY TRUST, INC.'s net profit margin?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC. pay dividends?

Yes, STARWOOD PROPERTY TRUST, INC. (STWD) paid $1.92 per share in dividends during fiscal year 2025.

What is STARWOOD PROPERTY TRUST, INC.'s return on equity (ROE)?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC.'s free cash flow?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC.'s operating cash flow?

STARWOOD PROPERTY TRUST, INC. (STWD) generated $977.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are STARWOOD PROPERTY TRUST, INC.'s total assets?

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

What are STARWOOD PROPERTY TRUST, INC.'s capital expenditures?

STARWOOD PROPERTY TRUST, INC. (STWD) invested $878.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does STARWOOD PROPERTY TRUST, INC. have outstanding?

STARWOOD PROPERTY TRUST, INC. (STWD) had 371M shares outstanding as of fiscal year 2025.

What is STARWOOD PROPERTY TRUST, INC.'s debt-to-equity ratio?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC.'s return on assets (ROA)?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC.'s P/E ratio?

STARWOOD PROPERTY TRUST, INC. (STWD) trades at 21.0x earnings, its market capitalization divided by net income of $227.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.8B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is STARWOOD PROPERTY TRUST, INC.'s price-to-sales ratio?

STARWOOD PROPERTY TRUST, INC. (STWD) trades at 2.4x sales, its market capitalization divided by revenue of $2.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.8B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is STARWOOD PROPERTY TRUST, INC.'s Piotroski F-Score?

STARWOOD PROPERTY TRUST, INC. (STWD) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are STARWOOD PROPERTY TRUST, INC.'s earnings high quality?

STARWOOD PROPERTY TRUST, INC. (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 PROPERTY TRUST, INC.?

STARWOOD PROPERTY TRUST, INC. (STWD) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.