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STWD Financials Starwood Property Trust, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.2% per year over the past 5 years.
  • Net income has grown slower than revenue (4.4% vs 10.2% per year).
  • Free cash flow has declined 56.6% per year over the past 5 years.

Financial health

  • Total debt has grown slower than revenue (-1.9% vs 10.2% per year).

Shareholder returns

  • Dividends have been paid for 11 consecutive years, consuming 162.5% of earnings and 673.2% of free cash flow.
  • The dividend has grown 4.1% per year over the past 5 years.
Revenue & net income
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 35% 70% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 7% 13% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $323M $647M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$4B $296M $5B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.8B $412M 0.0% 0.0% 6.1% 0.7% $99M — $499M
2024 $1.9B $360M 0.0% 0.0% 5.6% 0.6% $647M — $378M
2023 $2.0B $339M 0.0% 0.0% 5.4% 0.5% $529M — $195M
2022 $1.5B $871M 0.0% 0.0% 13.5% 1.1% — — $261M
2021 $1.2B $448M 0.0% 0.0% 7.4% 0.5% — $1.8B $217M
2020 $1.1B $332M 0.0% 0.0% 7.4% 0.4% — $1.7B $563M
2019 $1.2B $510M 0.0% 0.0% 10.8% 0.7% — $1.9B $478M
2018 $1.1B $386M 0.0% 0.0% 8.4% 0.6% — $2.0B $240M
2017 $880M $401M 0.0% 16.4% 8.9% 0.6% — $2.1B $369M
2016 $785M $365M 0.0% 17.0% 8.1% 0.5% — $2.0B $616M
2015 $736M $451M 0.0% 27.1% 10.9% 0.5% — $1.3B $369M
2014 $703M $495M 0.0% 31.1% 12.8% 0.4% — $1.4B $255M
2013 $549M $305M 0.0% 32.1% 7.1% 0.3% — — $318M
2012 $307M $201M 0.0% 60.4% 7.4% 4.7% — — $178M
2011 $206M — 0.0% 61.0% 0.0% 0.0% — — $114M

Valuation over time

How the market has priced STWD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 11.4 22.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 2.7 5.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 7.4 14.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is STWD growing its revenue and profit?

Over the past 5 years, Starwood Property Trust, Inc.'s revenue has grown 10.2% per year, and net income grown 4.4% per year. These are computed facts, not advice.

How much debt does STWD have?

As of FY2025, Starwood Property Trust, Inc. reported — of total debt against $499M of cash.

What is STWD's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 22.3%.

What is STWD's P/E ratio?

Starwood Property Trust, Inc.'s P/E (TTM) is 20.49 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the STWD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 11.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.