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
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
FCF
Total debt
Cash
2025
$1.8B
$412M
0.0%
0.0%
$99M
—
$499M
2024
$1.9B
$360M
0.0%
0.0%
$647M
—
$378M
2023
$2.0B
$339M
0.0%
0.0%
$529M
—
$195M
2022
$1.5B
$871M
0.0%
0.0%
—
—
$261M
2021
$1.2B
$448M
0.0%
0.0%
—
$1.8B
$217M
2020
$1.1B
$332M
0.0%
0.0%
—
$1.7B
$563M
2019
$1.2B
$510M
0.0%
0.0%
—
$1.9B
$478M
2018
$1.1B
$386M
0.0%
0.0%
—
$2.0B
$240M
2017
$880M
$401M
0.0%
16.4%
—
$2.1B
$369M
2016
$785M
$365M
0.0%
17.0%
—
$2.0B
$616M
2015
$736M
$451M
0.0%
27.1%
—
$1.3B
$369M
2014
$703M
$495M
0.0%
31.1%
—
$1.4B
$255M
2013
$549M
$305M
0.0%
32.1%
—
—
$318M
2012
$307M
$201M
0.0%
60.4%
—
—
$178M
2011
$206M
—
0.0%
61.0%
—
—
$114M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$512M
$52M
0.0%
0.0%
—
—
$290M
Dec '25
$493M
$97M
0.0%
0.0%
$489M
—
$499M
Sep '25
$489M
$73M
0.0%
0.0%
—
—
$301M
Jun '25
$444M
$130M
0.0%
0.0%
—
—
$260M
Mar '25
$418M
$112M
0.0%
0.0%
—
—
$441M
Dec '24
$454M
$52M
0.0%
0.0%
$296M
—
$378M
Sep '24
$480M
$76M
0.0%
0.0%
—
—
$358M
Jun '24
$490M
$78M
0.0%
0.0%
—
—
$259M
Mar '24
$523M
$154M
0.0%
0.0%
—
—
$327M
Dec '23
$522M
$71M
0.0%
0.0%
—
—
$195M
Sep '23
$522M
$47M
0.0%
0.0%
—
—
$195M
Jun '23
$516M
$169M
0.0%
0.0%
—
—
$334M
Mar '23
$490M
$52M
0.0%
0.0%
—
—
$396M
Dec '22
$455M
$140M
0.0%
0.0%
—
—
$261M
Sep '22
$391M
$195M
0.0%
0.0%
—
$2.3B
$340M
Jun '22
$326M
$212M
0.0%
0.0%
—
$2.3B
$272M
Mar '22
$294M
$325M
0.0%
0.0%
—
$2.3B
$264M
Dec '21
$290M
$91M
0.0%
0.0%
—
$1.8B
$217M
Sep '21
$302M
$129M
0.0%
0.0%
—
—
$273M
Jun '21
$291M
$116M
0.0%
0.0%
—
—
$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 15.0× (Jun '26).
The price-to-sales ratio has fallen from 4.5× (Mar '23) to 3.3× (Jun '26).
The dividend yield has risen from 9.0% (Mar '23) to 10.9% (Jun '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?
As of Jun '26, Starwood Property Trust, Inc. traded at a price-to-earnings ratio of about 15.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.