STARWOOD PROPERTY TRUST financials
$14.36+0.28%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | $1.86B | $1.96B | $1.40B | $324.6M | $329.8M | $395.8M | $431.9M | $313.3M | $246.6M |
| Gross profit | $1.73B | $1.81B | $1.92B | $1.36B | $213.0M | $212.1M | $272.8M | $304.8M | $219.0M | $181.5M |
| Gross margin | 96.6% | 97.4% | 97.7% | 96.8% | 65.6% | 64.3% | 68.9% | 70.6% | 69.9% | 73.6% |
| Operating income | $1.28B | $1.23B | $1.31B | $923.8M | -$219.3M | -$214.8M | -$125.3M | -$137.5M | -$126.3M | -$173.7M |
| Net income | $402.4M | $352.7M | $332.8M | $854.4M | $440.9M | $326.5M | $505.8M | $382.2M | $397.6M | $363.1M |
| Net margin | 22.5% | 19.0% | 16.9% | 61.0% | 135.8% | 99.0% | 127.8% | 88.5% | 126.9% | 147.2% |
| Diluted EPS | $1.15 | $1.10 | $1.07 | $2.74 | $1.52 | $1.16 | $1.79 | $1.42 | $1.52 | $1.50 |
| EBITDA | $1.41B | $1.33B | $1.41B | $1.03B | -$90.4M | -$77.0M | -$88.2M | -$101.1M | -$103.6M | -$144.1M |
| Operating cash flow | $977.9M | $646.6M | $528.6M | $213.7M | -$990.0M | $1.05B | -$13.2M | $585.5M | -$246.8M | $556.6M |
| Free cash flow | -$169.7M | $618.6M | $503.5M | $188.5M | -$1.02B | $1.02B | -$44.1M | $530.7M | -$820.8M | $540.7M |
| Diluted shares | 350.0M | 320.6M | 310.5M | 315.7M | 296.8M | 282.5M | 289.7M | 288.5M | 262.1M | 241.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $499.5M | $377.8M | $194.7M | $261.1M | $217.4M | $563.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $22.09B | $17.34B | $19.52B | $20.51B | $17.02B | $12.81B |
| Total assets | $63.18B | $62.56B | $69.50B | $79.04B | $83.85B | $80.87B |
| Total liabilities | $55.69B | $55.36B | $62.48B | $71.84B | $77.20B | $76.01B |
| Shareholders' equity | $7.13B | $6.77B | $6.61B | $6.84B | $6.43B | $4.86B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology