Starwood Property Trust, Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:07:31Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 99.36M | 646.59M | 528.60M | — | — | — |
| Net Debt | 16.53B | 13.80B | 15.87B | 16.61B | 14.20B | 11.33B |
| Net Margin | 22.31% | 18.49% | 16.55% | 59.50% | 38.27% | 29.19% |
| Return on Equity (ROE) | 6.06% | 5.59% | 5.43% | 13.49% | 7.37% | 7.39% |
| Return on Assets (ROA) | 0.65% | 0.58% | 0.49% | 1.10% | 0.53% | 0.41% |
| Debt-to-Equity | 2.51× | 2.20× | 2.57× | 2.61× | 2.37× | 2.65× |
| Effective Tax Rate | 7.65% | 6.26% | -0.16% | -6.17% | 1.73% | 5.23% |
| Cash Conversion Ratio | 2.38× | 1.80× | 1.56× | 0.25× | -2.21× | 3.15× |
| Accruals Ratio | -0.01× | -0.00× | -0.00× | 0.01× | 0.02× | -0.01× |
| SBC % of Revenue | 3.31% | 3.05% | 2.58% | 4.44% | 6.36% | 5.79% |
| CapEx Coverage | 1.11× | — | — | — | — | — |
| Free Cash Flow Per Share | $0.28 | $2.02 | $1.70 | — | — | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 15.66× | 17.23× | 19.64× | 6.69× | 15.99× | 16.64× |
| P/FCF | 63.44× | 9.40× | 12.35× | — | — | — |
| FCF Yield | 1.58% | 10.64% | 8.10% | — | — | — |
| P/S | 3.62× | 3.28× | 3.21× | 3.89× | 6.33× | 4.84× |
| P/B | 0.98× | 0.99× | 1.05× | 0.88× | 1.22× | 1.22× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 1.84B | 1.95B | 2.05B | 1.46B | 1.17B | 1.14B |
| Income Tax Expense (Benefit) | 36.72M | 25.43M | -682.00K | -61.52M | 8.67M | 20.20M |
| Net Income (Loss) Attributable to Parent | 411.54M | 359.93M | 339.21M | 871.48M | 447.74M | 331.69M |
| Earnings Per Share, Basic | $1.15 | $1.10 | $1.07 | $2.80 | $1.54 | $1.16 |
| Earnings Per Share, Diluted | $1.15 | $1.10 | $1.07 | $2.74 | $1.52 | $1.16 |
| Weighted Average Number of Shares Outstanding, Diluted | 349.99M | 320.57M | 310.51M | 315.73M | 296.83M | 282.48M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 499.48M | 377.83M | 194.66M | 261.06M | 217.36M | 563.22M |
| Assets | 63.18B | 62.56B | 69.50B | 79.04B | 83.85B | 80.87B |
| Long-term Debt | — | — | — | — | 1.83B | 1.73B |
| Liabilities | 55.69B | 55.36B | 62.48B | 71.84B | 77.20B | 76.01B |
| Stockholders' Equity Attributable to Parent | 6.80B | 6.44B | 6.25B | 6.46B | 6.07B | 4.49B |
| Common Stock, Shares, Outstanding | 370.56M | 337.41M | 313.37M | 310.68M | 304.82M | 284.64M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 977.85M | 646.59M | 528.60M | 213.74M | -989.98M | 1.05B |
| Net Cash Provided by (Used in) Investing Activities | -3.78B | 2.08B | 855.07M | -2.95B | -4.28B | -911.80M |
| Payments for Repurchase of Common Stock | — | — | — | 0 | 0 | 33.83M |
| Net Cash Provided by (Used in) Financing Activities | 2.92B | -2.49B | -1.45B | 2.80B | 4.87B | 13.28M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | 488.75M | -389.39M | — | — | 295.58M |
| Net Debt | 17.77B | 16.53B | 17.61B | 16.52B | 14.75B | 13.80B |
| Net Margin | 10.12% | 19.66% | 14.84% | 29.22% | 26.84% | 11.37% |
| Return on Equity (ROE) | 0.78% | 1.43% | 1.06% | 2.02% | 1.75% | 0.80% |
| Return on Assets (ROA) | 0.08% | 0.15% | 0.12% | 0.21% | 0.18% | 0.08% |
| Debt-to-Equity | 2.71× | 2.51× | 2.61× | 2.61× | 2.37× | 2.20× |
| Effective Tax Rate | -7.38% | 14.42% | 14.31% | 0.50% | 3.14% | -3.06% |
| Cash Conversion Ratio | 1.80× | 5.04× | 6.74× | 1.17× | 2.13× | 5.72× |
| Accruals Ratio | -0.00× | -0.01× | -0.01× | -0.00× | -0.00× | -0.00× |
| CapEx Coverage | — | — | 0.56× | — | — | — |
| Free Cash Flow Per Share | — | $1.40 | $-1.08 | — | — | $0.92 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 17.94× | 15.53× | 18.63× | 18.58× | 21.03× | 17.39× |
| P/S | 3.29× | 3.62× | 3.97× | 3.82× | 3.64× | 3.28× |
| P/B | 0.96× | 0.98× | 1.04× | 1.07× | 1.05× | 0.99× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 512.46M | 492.95M | 488.88M | 444.28M | 418.18M | 454.39M |
| Income Tax Expense (Benefit) | -3.94M | 18.94M | 13.34M | 671.00K | 3.77M | -2.10M |
| Net Income (Loss) Attributable to Parent | 51.88M | 96.92M | 72.56M | 129.81M | 112.25M | 51.64M |
| Earnings Per Share, Basic | $0.13 | $0.26 | $0.19 | $0.38 | $0.33 | $0.14 |
| Earnings Per Share, Diluted | $0.13 | $0.26 | $0.19 | $0.38 | $0.33 | $0.14 |
| Weighted Average Number of Shares Outstanding, Diluted | 366.95M | 349.99M | 360.39M | 337.14M | 335.46M | 320.57M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 290.29M | 499.48M | 301.13M | 259.92M | 440.58M | 377.83M |
| Assets | 62.09B | 63.18B | 62.43B | 62.37B | 62.16B | 62.56B |
| Liabilities | 54.74B | 55.69B | 54.86B | 55.20B | 55.01B | 55.36B |
| Stockholders' Equity Attributable to Parent | 6.67B | 6.80B | 6.86B | 6.42B | 6.41B | 6.44B |
| Common Stock, Shares, Outstanding | 370.74M | 370.56M | 370.32M | 341.64M | 339.38M | 337.41M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 93.56M | 488.75M | 489.10M | 151.51M | 238.87M | 295.58M |
| Net Cash Provided by (Used in) Investing Activities | -989.67M | -698.35M | -3.08B | -1.86B | -906.45M | 337.54M |
| Payments for Repurchase of Common Stock | 19.94M | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | 887.43M | 345.69M | 2.57B | 1.63B | 805.51M | -588.16M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (STWD CIK 0001465128),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.