InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

STARWOOD PROPERTY TRUST, INC.

STWD Clue Score44
United States Fiscal year ends December CIK 0001465128
$12.52 -1.49% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $12.52 −50.28% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.78Operating income0.13Net income0.37EPS, diluted1.50Fiscal year 2017Revenue0.88 +12.1%Operating income0.14Net income0.40 +9.7%EPS, diluted1.52 +1.3%Fiscal year 2018Revenue1.11 +26.1%Net income0.39 −3.7%EPS, diluted1.42 −6.6%Fiscal year 2019Revenue1.20 +7.9%Net income0.51 +32.1%EPS, diluted1.79 +26.1%Fiscal year 2020Revenue1.14 −5.0%Net income0.33 −34.9%EPS, diluted1.16 −35.2%Fiscal year 2021Revenue1.17 +3.0%Net income0.45 +35.0%EPS, diluted1.52 +31.0%Fiscal year 2022Revenue1.46 +25.2%Net income0.87 +94.6%EPS, diluted2.74 +80.3%Fiscal year 2023Revenue2.05 +40.0%Net income0.34 −61.1%EPS, diluted1.07 −60.9%Fiscal year 2024Revenue1.95 −5.0%Net income0.36 +6.1%EPS, diluted1.10 +2.8%Fiscal year 2025Revenue1.84 −5.3%Net income0.41 +14.3%EPS, diluted1.15 +4.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.78 0.88 1.11 1.20 1.14 1.17 1.46 2.05 1.95 1.84
Growth +12.1% +26.1% +7.9% −5.0% +3.0% +25.2% +40.0% −5.0% −5.3%
Operating income 0.13 0.14 n/a n/a n/a n/a n/a n/a n/a n/a
Net income 0.37 0.40 0.39 0.51 0.33 0.45 0.87 0.34 0.36 0.41
Growth +9.7% −3.7% +32.1% −34.9% +35.0% +94.6% −61.1% +6.1% +14.3%
EPS, diluted 1.50 1.52 1.42 1.79 1.16 1.52 2.74 1.07 1.10 1.15
Growth +1.3% −6.6% +26.1% −35.2% +31.0% +80.3% −60.9% +2.8% +4.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin17.0%Net margin46.5%Fiscal year 2017Operating margin16.4%Net margin45.5%Fiscal year 2018Net margin34.8%Fiscal year 2019Net margin42.6%Fiscal year 2020Net margin29.2%Fiscal year 2021Net margin38.3%Fiscal year 2022Net margin59.5%Fiscal year 2023Net margin16.5%Free cash flow margin25.8%Fiscal year 2024Net margin18.5%Free cash flow margin33.2%Fiscal year 2025Net margin22.3%Free cash flow margin5.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 17.0% 16.4% n/a n/a n/a n/a n/a n/a n/a n/a
Net margin 46.5% 45.5% 34.8% 42.6% 29.2% 38.3% 59.5% 16.5% 18.5% 22.3%
Free cash flow margin n/a n/a n/a n/a n/a n/a n/a 25.8% 33.2% 5.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.56Buybacks−0.02Dividends paid−0.46Fiscal year 2017Operating cash flow−0.25Dividends paid−0.50Fiscal year 2018Operating cash flow0.59Buybacks−0.01Dividends paid−0.51Fiscal year 2019Operating cash flow−0.01Buybacks0.00Dividends paid−0.54Fiscal year 2020Operating cash flow1.05Buybacks−0.03Dividends paid−0.55Fiscal year 2021Operating cash flow−0.99Buybacks0.00Dividends paid−0.55Fiscal year 2022Operating cash flow0.21Buybacks0.00Dividends paid−0.59Fiscal year 2023Operating cash flow0.53Capital expenditure0.00Free cash flow0.53Dividends paid−0.60Fiscal year 2024Operating cash flow0.65Capital expenditure0.00Free cash flow0.65 +22.3%Dividends paid−0.62Fiscal year 2025Operating cash flow0.98Capital expenditure−0.88Free cash flow0.10 −84.6%Dividends paid−0.67
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.56 −0.25 0.59 −0.01 1.05 −0.99 0.21 0.53 0.65 0.98
Capital expenditure n/a n/a n/a n/a n/a n/a n/a 0.00 0.00 −0.88
Free cash flow n/a n/a n/a n/a n/a n/a n/a 0.53 0.65 0.10
Growth +22.3% −84.6%
Buybacks −0.02 n/a −0.01 0.00 −0.03 0.00 0.00 n/a n/a n/a
Dividends paid −0.46 −0.50 −0.51 −0.54 −0.55 −0.55 −0.59 −0.60 −0.62 −0.67

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.62Total debt2.01Net cash (debt)−1.40Shareholders’ equity4.52Debt to equity0.44Fiscal year 2017Cash0.37Total debt2.13Net cash (debt)−1.76Shareholders’ equity4.48Debt to equity0.47Fiscal year 2018Cash0.24Total debt2.00Net cash (debt)−1.76Shareholders’ equity4.60Debt to equity0.43Fiscal year 2019Cash0.48Total debt1.93Net cash (debt)−1.45Shareholders’ equity4.70Debt to equity0.41Fiscal year 2020Cash0.56Total debt1.73Net cash (debt)−1.17Shareholders’ equity4.49Debt to equity0.39Fiscal year 2021Cash0.22Total debt1.83Net cash (debt)−1.61Shareholders’ equity6.07Debt to equity0.30Fiscal year 2022Cash0.26Shareholders’ equity6.46Fiscal year 2023Cash0.19Shareholders’ equity6.25Fiscal year 2024Cash0.38Shareholders’ equity6.44Fiscal year 2025Cash0.50Shareholders’ equity6.80
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.62 0.37 0.24 0.48 0.56 0.22 0.26 0.19 0.38 0.50
Total debt 2.01 2.13 2.00 1.93 1.73 1.83 n/a n/a n/a n/a
Net cash (debt) −1.40 −1.76 −1.76 −1.45 −1.17 −1.61 n/a n/a n/a n/a
Shareholders’ equity 4.52 4.48 4.60 4.70 4.49 6.07 6.46 6.25 6.44 6.80
Debt to equity 0.44 0.47 0.43 0.41 0.39 0.30 n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
0.56 −0.25 0.59 −0.01 1.05 −0.99 0.21 0.53 0.65 0.98
Growth −144.3% −102.3% −194.7% +147.3% +22.3% +51.2%
Investment
n/a n/a n/a n/a n/a n/a n/a 0.00 0.00 −0.88
calc n/a n/a n/a n/a n/a n/a n/a 0.53 0.65 0.10
Growth +22.3% −84.6%
calc n/a n/a n/a n/a n/a n/a n/a 1.70 2.02 0.28
−0.80 −1.04 −2.52 −0.78 −0.91 −4.28 −2.95 0.86 2.08 −3.78
Financing
0.51 1.05 2.00 0.88 0.01 4.87 2.80 −1.45 −2.49 2.92
−0.46 −0.50 −0.51 −0.54 −0.55 −0.55 −0.59 −0.60 −0.62 −0.67
−0.02 n/a −0.01 0.00 −0.03 0.00 0.00 n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.