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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Mar '26
$512M
$52M
0.0%
0.0%
0.8%
0.1%
—
—
$290M
Dec '25
$493M
$97M
0.0%
0.0%
1.4%
0.2%
$489M
—
$499M
Sep '25
$489M
$73M
0.0%
0.0%
1.1%
0.1%
—
—
$301M
Jun '25
$444M
$130M
0.0%
0.0%
2.0%
0.2%
—
—
$260M
Mar '25
$418M
$112M
0.0%
0.0%
1.8%
0.2%
—
—
$441M
Dec '24
$454M
$52M
0.0%
0.0%
0.8%
0.1%
$296M
—
$378M
Sep '24
$480M
$76M
0.0%
0.0%
1.2%
0.1%
—
—
$358M
Jun '24
$490M
$78M
0.0%
0.0%
1.3%
0.1%
—
—
$259M
Mar '24
$523M
$154M
0.0%
0.0%
2.5%
0.2%
—
—
$327M
Dec '23
$522M
$71M
0.0%
0.0%
1.1%
0.1%
—
—
$195M
Sep '23
$522M
$47M
0.0%
0.0%
0.8%
0.1%
—
—
$195M
Jun '23
$516M
$169M
0.0%
0.0%
2.6%
0.2%
—
—
$334M
Mar '23
$490M
$52M
0.0%
0.0%
0.8%
0.1%
—
—
$396M
Dec '22
$455M
$140M
0.0%
0.0%
2.2%
0.2%
—
—
$261M
Sep '22
$391M
$195M
0.0%
0.0%
3.0%
0.2%
—
$2.3B
$340M
Jun '22
$326M
$212M
0.0%
0.0%
3.3%
0.3%
—
$2.3B
$272M
Mar '22
$294M
$325M
0.0%
0.0%
5.2%
0.4%
—
$2.3B
$264M
Dec '21
$290M
$91M
0.0%
0.0%
1.5%
0.1%
—
$1.8B
$217M
Sep '21
$302M
$129M
0.0%
0.0%
2.9%
0.2%
—
—
$273M
Jun '21
$291M
$116M
0.0%
0.0%
2.6%
0.1%
—
—
$255M
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.
The price-to-earnings ratio has risen from 7.5× (Mar '23) to 11.3× (Nov '26).
The price-to-sales ratio has fallen from 4.5× (Mar '23) to 2.5× (Nov '26).
The dividend yield has risen from 9.0% (Mar '23) to 14.3% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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.