Saturday 17 October 2026 Export STWD’s income statement to Excel — free account

STARWOOD PROPERTY TRUST, INC.

STARWOOD PROPERTY TRUST, INC.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, down 5.27% from fiscal 2024. In the quarter to June 2026, revenue grew 15.6%, EPS fell 97.4%, free cash flow grew 72.7% and total debt rose 21.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, operating cash flow growth for three.

12.45 0.16 −1.27%

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Market cap: $4.7B
P/E: 21.1×
Fwd P/E: 17.8×
Dividend yield: 15.4%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.12

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	1	—	—	—	—	—	—

Insider Ownership 4.94%

Capital & Financial Ratios $m

Market Cap 4,670.00

Revenue 2,007.95

Net Income 264.72

Free Cash Flow 610.12

Net Debt 23,053.77

Current Ratio 1.46

Debt/Equity 3.47

P/E ratio 21.10

Fwd P/E 17.80

P/S ratio 2.27

P/B ratio 0.67

Past 5Y EPS Growth 0.53%

This Y EPS Growth (11.75%)

Next Y EPS Growth 25.67%

Next Y revenue growth 14.95%

Next 5Y EPS Growth 4.89%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 96.13%

10-year low 10-year high

P/S against its own 10 years 0.18%

10-year low 10-year high

P/B against its own 10 years 0.66%

10-year low 10-year high

EV/Sales against its own 10 years 28.64%

10-year low 10-year high

EV/FCF against its own 10 years 67.23%

10-year low 10-year high

Dividends

Payout Ratio 3.25

Annual Dividend Rate 1.92

Annual Dividend Yield 15.42%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.92	0.48 0.48 0.48
2025	1.92	0.48 0.48 0.48 0.48
2024	1.92	0.48 0.48 0.48 0.48
2023	1.92	0.48 0.48 0.48 0.48
2022	1.92	0.48 0.48 0.48 0.48
2021	1.92	0.48 0.48 0.48 0.48
2020	1.92	0.48 0.48 0.48 0.48
2019	1.92	0.48 0.48 0.48 0.48
2018	1.92	0.48 0.48 0.48 0.48
2017	1.92	0.48 0.48 0.48 0.48
2016	1.92	0.48 0.48 0.48 0.48

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	312	554	675	640
Receivables	201	168	163	201
Inventory	—	—	—	—
Other	—	—	—	—
	513	722	837	841

	2023	2024	2025	Q'26
Payables	293	435	500	576
ST’ Debt	—	—	—	—
Other	—	—	—	—
	293	435	500	576

Compound Annual Growth %

	10y	5y	3y
Sales	9.62%	10.17%	7.98%
Cash Flow	4.91%	(1.33%)	66.01%
Earnings	(1.05%)	3.94%	(22.20%)
Book Value	5.50%	7.94%	1.39%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	512	514	—	—	—
’25	418	444	489	493	1,844
’24	523	490	480	454	1,947
’23	490	516	522	522	2,050
’22	294	326	391	455	1,465
’21	287	291	302	290	1,170
’20	313	266	267	291	1,136

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	94	171	—	—	—
’25	239	(87)	338	489	978
’24	56	53	242	296	647
’23	(29)	189	356	12	529
’22	154	531	159	(631)	214
’21	271	17	(750)	(528)	(990)
’20	191	579	(244)	519	1,046

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	(10)	—	—	—
’25	233	(37)	291	324	810
’24	238	56	253	289	835
’23	(34)	199	393	19	577
’22	295	526	173	(602)	392
’21	298	39	(755)	(500)	(918)
’20	184	596	(248)	513	1,045

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.13	0.01	—	—	—
’25	0.33	0.38	0.19	0.26	1.15
’24	0.48	0.24	0.23	0.15	1.10
’23	0.16	0.54	0.15	0.22	1.07
’22	1.02	0.67	0.61	0.44	2.74
’21	0.38	0.40	0.44	0.31	1.52
’20	(0.24)	0.49	0.52	0.37	1.12

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.69	21.24	19.16	19.28	7.59	18.25	17.69	16.06	18.43	16.59	Analyst estimates 2026–2028 Powerpack
	High	23.46	23.01	23.04	25.56	26.33	27.01	25.70	22.29	21.22	21.05
People
People	Employees	340	312	290	296	282	277	290	293	286	324
	Revenue/emp, $m	2.31	2.82	3.83	4.04	4.03	4.22	5.05	7.00	6.81	5.69
Income, $m
Income, $m	Revenue	785	880	1,109	1,196	1,136	1,170	1,465	2,050	1,947	1,844
	Gross margin, %	62.29	55.68	51.75	47.20	52.70	52.42	42.57	27.76	28.25	27.46
	EBT	376	444	427	550	386	501	998	417	406	480
	EBT margin, %	47.92	50.49	38.45	45.98	34.00	42.83	68.10	20.37	20.85	26.02
	Net income	368	413	411	537	366	492	1,059	418	381	443
	Depreciation	35	77	117	110	87	63	36	39	36	75
Per share, $
Per share, $	Revenue	3.29	3.39	4.18	4.28	4.03	4.09	4.79	6.62	6.09	5.27
	Earnings	1.50	1.52	1.42	1.79	1.12	1.52	2.74	1.07	1.10	1.15
	Cash flow	2.33	(0.95)	2.21	(0.05)	3.71	(3.46)	0.70	1.71	2.02	2.80
	Capex	(0.07)	(2.00)	0.97	1.12	0.00	0.25	0.58	0.16	0.59	(0.48)
	Free cash flow	2.27	(2.95)	3.18	1.07	3.71	(3.21)	1.28	1.86	2.61	2.32
	Book value	19.12	17.64	18.47	18.39	17.24	22.50	22.37	21.33	21.15	20.38
	Shares, m	239	260	265	279	282	286	306	310	320	350
Valuation, ×
Valuation, ×	P/E	14.41	13.94	13.88	14.13	16.93	15.78	6.69	19.76	17.07	15.53
	P/S	6.75	6.25	4.71	5.80	4.79	5.94	3.86	3.19	3.11	3.41
	P/B	1.16	1.20	1.07	1.35	1.12	1.08	0.83	0.99	0.90	0.88
	EV/Sales	13.82	14.84	13.97	15.16	15.43	20.21	17.60	12.56	11.74	15.03
	EV/FCF	19.38	(16.72)	18.39	60.48	16.78	(25.76)	65.74	44.63	27.35	34.23
Cash, $m
Cash, $m	Operating cash flow	557	(247)	585	(13)	1,046	(990)	214	529	647	978
	Capex	(16)	(518)	257	313	(1)	72	178	48	189	(168)
	Free cash flow	541	(765)	843	300	1,045	(918)	392	577	835	810
Balance, $m
Balance, $m	Working capital	481	281	331	426	611	248	252	219	287	338
	Total debt	6,201	7,972	10,757	11,763	12,809	17,022	20,507	19,518	17,343	22,094
	Net debt	5,550	7,554	10,269	11,189	12,087	16,700	20,125	19,206	16,789	21,420
	Shareholders’ equity	4,560	4,579	4,900	5,137	4,863	6,434	6,836	6,609	6,767	7,125
Returns, %
Returns, %	ROA	0.45	0.57	0.59	0.70	0.42	0.54	1.05	0.45	0.53	0.64
	ROIC	0.83	0.75	0.54	0.64	0.63	0.49	0.44	(0.12)	(0.09)	0.13
	ROE	8.32	8.77	8.14	10.16	6.63	7.81	12.88	4.95	5.27	5.79

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NLY Annaly Capital Management Inc	$13.9B	4.6×	7.0×	+76.43% (above 0%: growing)	+3,433.33% (above 0%: growing)	+1,001.47% (above 0%: growing)	40.28%	0.00%	Compare
AGNC AGNC Investment Corp.	$10.5B	4.5×	9.4×	+22.17% (above 0%: growing)	n/m	+21.11% (above 0%: growing)	30.08%	64.50%	Compare
RITM Rithm Capital Corp.	$4.9B	12.3×	7.5×	−22.48% (below 0%: shrinking)	−77.48% (below 0%: shrinking)	+117.58% (above 0%: growing)	100.00%	79.13%	Compare
STWD STARWOOD PROPERTY TRUST, INC.	$4.7B	21.1×	17.8×	+15.62% (above 0%: growing)	−97.37% (below 0%: shrinking)	+72.68% (above 0%: growing)	27.80%	(2.16%)
DX Dynex Capital, Inc.	$2.8B	4.1×	28.2×	+170.93% (above 0%: growing)	n/m	+163.96% (above 0%: growing)	100.00%	94.64%	Compare
ARR ARMOUR Residential REIT, Inc.	$1.9B	3.5×	8.3×	+45.88% (above 0%: growing)	n/m	+741.92% (above 0%: growing)	100.00%	93.50%	Compare
BXMT Blackstone Mortgage Trust, Inc.	$1.8B	117×	22.4×	−3.29% (below 0%: shrinking)	n/m	+3.93% (above 0%: growing)	78.86%	71.19%	Compare
EFC Ellington Financial Inc.	$1.5B	7.1×	6.4×	+47.95% (above 0%: growing)	−4.44% (below 0%: shrinking)	+108.89% (above 0%: growing)	95.69%	125.46%	Compare
LADR Ladder Capital Corp	$1.1B	21.7×	19.0×	+4.91% (above 0%: growing)	−14.29% (below 0%: shrinking)	−9.50% (below 0%: shrinking)	100.00%	60.88%	Compare
Median of peers	$2.3B	5.8×	8.9×	+34.03%	−9.36%	+113.24%	97.85%	75.16%

All 37 Reit Mortgage stocks →

STARWOOD PROPERTY TRUST, INC. (STWD) key facts

Concern: STARWOOD PROPERTY TRUST, INC.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, down 5.27% from fiscal 2024.
Strength: Net income was $443.1 million, or $1.15 per share (basic), a net margin of 21.8%.
STARWOOD PROPERTY TRUST, INC. (STWD) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, STWD traded at $12.45, a market capitalization of $4.7 billion.
At that price the stock trades at 21.1× trailing-twelve-month earnings and 2.3× sales; its P/E is higher than 96% of its own readings over the past ten years.
STARWOOD PROPERTY TRUST, INC. pays an annual dividend of $1.92 per share, a yield of 15.4%.
Return on equity was 5.79% and debt-to-equity 3.47.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.