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STWD (Starwood Property Trust, Inc.) Stock Financials & Earnings | Market Cap Arena
STWD
Starwood Property Trust, Inc.
Mkt Cap
$7B
Real Estate
·
REIT - Mortgage
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$1.9B
Net Income (TTM)
$412M
EPS (TTM)
$1.23
Free Cash Flow (TTM)
$700M
Gross Margin
57.2%
Op. Margin
51.6%
Net Margin
21.8%
FCF Margin
37.0%
P/S Ratio (TTM)
3.5x
P/E Ratio (TTM)
16.1x
YoY Rev Growth
-7.4%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$491M
$148M
$385M
Q2 23
$520M
$396M
-$68M
Q3 23
$532M
$510M
$2M
Q4 23
$518M
$451M
$421M
Q1 24
$615M
$548M
$572M
Q2 24
$490M
$437M
$452M
Q3 24
$488M
$467M
-$23M
Q4 24
$448M
$78M
-$13M
Q1 25
$418M
$171M
$120M
Q2 25
$476M
$133M
$51M
Q3 25
$490M
$389M
$397M
Q4 25
$506M
$389M
$407M
marketcaparena.com
Revenue Breakdown
STWD
Starwood Property Trust, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.9x
11.2x
Q2 23
3.5x
12.0x
Q3 23
3.3x
16.2x
Q4 23
3.2x
19.6x
Q1 24
3.0x
15.0x
Q2 24
3.1x
18.9x
Q3 24
3.1x
17.5x
Q4 24
3.3x
18.4x
Q1 25
3.6x
20.9x
Q2 25
3.6x
17.9x
Q3 25
3.6x
18.1x
Q4 25
3.5x
16.1x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$29M
-$34M
Q2 23
$189M
$180M
Q3 23
$356M
$351M
Q4 23
$12M
$6M
Q1 24
$56M
$50M
Q2 24
$53M
$45M
Q3 24
$242M
$235M
Q4 24
$296M
$289M
Q1 25
$239M
$233M
Q2 25
-$87M
-$96M
Q3 25
$338M
$352M
Q4 25
$211M
$211M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$6M
Q2 23
$8M
Q3 23
$5M
Q4 23
$5M
Q1 24
$6M
Q2 24
$9M
Q3 24
$7M
Q4 24
$7M
Q1 25
$6M
Q2 25
$9M
Q3 25
$15M
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+60.4%
+173.9%
Q2 23
+59.8%
+125.0%
Q3 23
+31.7%
+1382.5%
Q4 23
+7.9%
-79.8%
Q1 24
+25.4%
-58.8%
Q2 24
-5.9%
-93.6%
Q3 24
-8.3%
-3.6%
Q4 24
-13.5%
+376.4%
Q1 25
-32.0%
+586.7%
Q2 25
-2.8%
+1035.8%
Q3 25
+0.4%
-81.9%
Q4 25
+12.9%
-78.5%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$11M
2.2%
Q2 23
$9M
1.8%
Q3 23
$11M
2.0%
Q4 23
$8M
1.6%
Q1 24
$10M
1.6%
Q2 24
$11M
2.2%
Q3 24
$11M
2.2%
Q4 24
$10M
2.3%
Q1 25
$13M
3.2%
Q2 25
$13M
2.8%
Q3 25
$15M
3.0%
Q4 25
$13M
2.5%
marketcaparena.com
OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q1 23
$82M
—
Q2 23
$74M
—
Q3 23
$47M
—
Q4 23
$92M
—
Q1 24
$97M
—
Q2 24
$73M
$9M
Q3 24
$48M
—
Q4 24
$50M
$41M
Q1 25
$48M
—
Q2 25
$70M
$12M
Q3 25
$72M
$11M
Q4 25
$58M
—
marketcaparena.com
Revenue Segments
Commercial And Residential Lending Segment
Infrastructure Lending Segment
L N R Business Segments
Property Segment
Quarter
Commercial And Residential Lending Segment
Infrastructure Lending Segment
L N R Business Segments
Property Segment
Q2 25
$344M
$67M
$54M
$16M
Q3 25
$343M
$78M
—
$46M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$396M
$111M
$507M
Q2 23
$334M
$107M
$441M
Q3 23
$195M
$102M
$297M
Q4 23
$195M
$63M
$258M
Q1 24
$327M
$100M
$428M
Q2 24
$259M
$98M
$358M
Q3 24
$358M
$97M
$455M
Q4 24
$378M
$94M
$472M
Q1 25
$441M
$92M
$533M
Q2 25
$260M
$91M
$351M
Q3 25
$301M
$89M
$391M
Q4 25
$499M
$301M
$800M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
309M
-2.9%
Q2 23
310M
+0.3%
Q3 23
311M
+0.2%
Q4 23
313M
+0.9%
Q1 24
331M
+5.6%
Q2 24
314M
-5.2%
Q3 24
320M
+2.0%
Q4 24
337M
+5.5%
Q1 25
337M
+0.0%
Q2 25
337M
-0.1%
Q3 25
337M
+0.0%
Q4 25
337M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$2M
468
FY 15
$2M
468
FY 16
$2M
468
FY 17
$3M
312
FY 18
$4M
290
FY 19
$4M
296
FY 20
$4M
282
FY 21
$4M
277
FY 22
$5M
290
FY 23
$7M
293
FY 24
$7M
286
FY 25
$6M
324
marketcaparena.com