STWD
Starwood Property Trust Inc
NYSE: STWD · REAL ESTATE · REIT - MORTGAGE
$18.05
-1.80% today
Updated 2026-04-29
Market cap
$6.86B
P/E ratio
15.70
P/S ratio
12.53x
EPS (TTM)
$1.15
Dividend yield
10.40%
52W range
$17 – $19
Volume
3.2M
Starwood Property Trust Inc (STWD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.02M | $89.32M | $172.32M | $284.50M | $594.94M | $714.39M | $757.80M | $786.29M | $880.59M | $1.11B | $1.32B | $1.14B | $1.19B | $1.55B | $2.05B | $2.04B | $1.88B |
| Revenue growth (YoY) | — | +1678.2% | +92.9% | +65.1% | +109.1% | +20.1% | +6.1% | +3.8% | +12.0% | +26.4% | +18.4% | -13.7% | +4.5% | +30.7% | +32.1% | -0.5% | -7.9% |
| Cost of revenue | $7.47M | $30.05M | $50.92M | $75.39M | $141.14M | $164.14M | $194.68M | $316.22M | $405.58M | $522.55M | $469.88M | $437.69M | $448.92M | $302.89M | $290.38M | $281.63M | $366.53M |
| Gross profit | $5.02M | $89.32M | $172.32M | $284.50M | $453.80M | $550.25M | $563.12M | $470.06M | $475.00M | $590.70M | $848.56M | $699.49M | $739.34M | $1.25B | $1.76B | $1.76B | $1.51B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 76.3% | 77.0% | 74.3% | 59.8% | 53.9% | 53.1% | 64.4% | 61.5% | 62.2% | 80.5% | 85.8% | 86.2% | 80.5% |
| R&D | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $9.29M | $30.05M | $48.35M | $69.02M | $239.73M | $287.39M | $279.36M | $270.39M | $252.29M | $265.59M | $274.24M | $157.87M | $264.65M | $331.05M | $180.21M | $277.96M | $208.81M |
| Operating income | $-1.11M | $73.26M | $148.95M | $249.34M | $325.35M | $480.64M | $685.96M | $614.71M | $407.33M | $619.08M | $867.38M | $643.54M | $797.51M | $1.06B | $1.41B | $1.64B | $1.43B |
| Operating margin | -22.2% | 82.0% | 86.4% | 87.6% | 54.7% | 67.3% | 90.5% | 78.2% | 46.3% | 55.6% | 65.8% | 56.6% | 67.1% | 68.4% | 68.9% | 80.5% | 76.2% |
| EBITDA | $-1.11M | $73.26M | $148.95M | $249.34M | $466.91M | $702.54M | $700.21M | $673.26M | $833.56M | $967.40M | $1.17B | $902.07M | $1.03B | $1.85B | $1.90B | $1.80B | $1.84B |
| EBITDA margin | -22.2% | 82.0% | 86.4% | 87.6% | 78.5% | 98.3% | 92.4% | 85.6% | 94.7% | 86.9% | 88.9% | 79.3% | 86.7% | 118.8% | 92.8% | 88.1% | 97.8% |
| EBIT | $-1.11M | $73.26M | $148.95M | $249.34M | $451.10M | $685.92M | $671.20M | $606.47M | $739.96M | $834.75M | $1.06B | $806.04M | $946.18M | $1.79B | $1.85B | $1.75B | $1.76B |
| Interest expense | $1.90M | $15.79M | $28.78M | $47.13M | $118.35M | $161.10M | $202.55M | $230.80M | $295.67M | $408.19M | $508.73M | $419.76M | $445.09M | $797.12M | $1.44B | $1.35B | $1.28B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-3.02M | $57.05M | $119.38M | $201.19M | $305.03M | $495.02M | $450.70M | $365.19M | $400.77M | $385.83M | $509.66M | $331.69M | $447.74M | $871.48M | $339.21M | $359.93M | $411.54M |
| Net income growth (YoY) | — | +1990.8% | +109.3% | +68.5% | +51.6% | +62.3% | -9.0% | -19.0% | +9.7% | -3.7% | +32.1% | -34.9% | +35.0% | +94.6% | -61.1% | +6.1% | +14.3% |
| Profit margin | -60.1% | 63.9% | 69.3% | 70.7% | 51.3% | 69.3% | 59.5% | 46.4% | 45.5% | 34.7% | 38.7% | 29.2% | 37.7% | 56.1% | 16.5% | 17.6% | 21.9% |