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Starwood Property Trust (STWD)

NYSE Financials Mortgage REITs S&P MidCap 400
$12.05
-0.83 (-6.44%)
Close of Nov 06, 2026 · end-of-day data
Source: Starwood Property Trust's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$784.67M$879.89M$1.11B$1.20B$1.14B$1.17B$1.46B$2.05B$1.95B$1.84B
Operating income$133.54M$144.64M————————
Interest expense$230.80M$295.67M$408.19M$508.73M$419.76M$445.09M$797.12M$1.44B——
Pre-tax income$376.00M$444.29M$426.53M$550.17M$386.28M$501.10M$997.54M$417.48M$406.01M$479.81M
Income tax$8.34M$31.52M$15.33M$13.23M$20.20M$8.67M-$61.52M-$682.00K$25.43M$36.72M
Net income$365.19M$400.77M$385.83M$509.66M$331.69M$447.74M$871.48M$339.21M$359.93M$411.54M
EBITDA$200.33M$238.24M————————
EPS (basic)$1.52$1.53$1.44$1.81$1.16$1.54$2.80$1.07$1.10$1.15
EPS (diluted)$1.50$1.52$1.42$1.79$1.16$1.52$2.74$1.07$1.10$1.15
Diluted shares241.79M262.08M288.48M289.71M282.48M296.83M315.73M310.51M320.57M349.99M
Operating margin17.0%16.4%————————
Net margin46.5%45.5%34.8%42.6%29.2%38.3%59.5%16.5%18.5%22.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$615.52M$369.45M$239.82M$478.39M$563.22M$217.36M$261.06M$194.66M$377.83M$499.48M
Goodwill$140.44M$140.44M$259.85M$259.85M$259.85M$259.85M$259.85M$259.85M$259.85M$259.85M
Total assets$77.26B$62.94B$68.26B$78.04B$80.87B$83.85B$79.04B$69.50B$62.56B$63.18B
Long-term debt$2.01B$2.13B$2.00B$1.93B$1.73B$1.83B————
Total debt$2.01B$2.13B$2.00B$1.93B$1.73B$1.83B————
Total liabilities$72.70B$58.36B$63.36B$72.91B$76.01B$77.20B$71.84B$62.48B$55.36B$55.69B
Shareholders' equity$4.52B$4.48B$4.60B$4.70B$4.49B$6.07B$6.46B$6.25B$6.44B$6.80B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$556.63M-$246.84M$585.47M-$13.20M$1.05B-$989.98M$213.74M$528.60M$646.59M$977.85M
Capital expenditures———————$0$0$878.49M
Free cash flow$556.63M-$246.84M$585.47M-$13.20M$1.05B-$989.98M$213.74M$528.60M$646.59M$99.36M
Investing cash flow-$800.54M-$1.04B-$2.52B-$775.87M-$911.80M-$4.28B-$2.95B$855.07M$2.08B-$3.78B
Financing cash flow$505.51M$1.05B$2.00B$876.72M$13.28M$4.87B$2.80B-$1.45B-$2.49B$2.92B
Dividends paid$458.35M$501.66M$509.97M$538.42M$546.88M$553.93M$591.46M$601.19M$620.00M$668.86M
Share buybacks$19.72M—$12.09M$0$33.83M$0$0———
Stock-based compensation$49.07M$39.22M$43.46M$46.24M$65.73M$74.42M$65.09M$52.95M$59.45M$60.97M
Depreciation & amortization$66.79M$93.60M$132.65M$113.32M$94.41M$83.00M$49.29M$49.14M$41.31M$78.98M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.