Starwood Property Trust Inc
NYSE: STWD · REAL ESTATE · REIT - MORTGAGE
Updated 2026-06-05
Starwood Property Trust Inc (STWD) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2009 | $5.02M | $-3.02M | 100.00% | -22.16% | -60.06% |
| 2010 | $89.32M | $57.05M | 100.00% | 82.02% | 63.87% |
| 2011 | $172.32M | $119.38M | 100.00% | 86.44% | 69.28% |
| 2012 | $284.50M | $201.19M | 100.00% | 87.64% | 70.72% |
| 2013 | $594.94M | $305.03M | 76.28% | 54.69% | 51.27% |
| 2014 | $714.39M | $495.02M | 77.02% | 67.28% | 69.29% |
| 2015 | $757.80M | $450.70M | 74.31% | 90.52% | 59.47% |
| 2016 | $786.29M | $365.19M | 59.78% | 78.18% | 46.44% |
| 2017 | $880.59M | $400.77M | 53.94% | 46.26% | 45.51% |
| 2018 | $1.11B | $385.83M | 53.06% | 55.61% | 34.66% |
| 2019 | $1.32B | $509.66M | 64.36% | 65.79% | 38.66% |
| 2020 | $1.14B | $331.69M | 61.51% | 56.59% | 29.17% |
| 2021 | $1.19B | $447.74M | 62.22% | 67.12% | 37.68% |
| 2022 | $1.55B | $871.48M | 80.50% | 68.39% | 56.11% |
| 2023 | $2.05B | $339.21M | 85.85% | 68.92% | 16.53% |
| 2024 | $2.04B | $359.93M | 86.20% | 80.53% | 17.63% |
| 2025 | $1.88B | $411.54M | 80.51% | 76.20% | 21.89% |
Frequently asked questions
What is Starwood Property Trust Inc's revenue?
Starwood Property Trust Inc's trailing twelve-month revenue is $580.84M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is STWD?
In its most recent fiscal year, STWD ran a gross margin of 80.51%, an operating margin of 76.20%, and a net margin of 21.89%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does STWD generate?
STWD produced $708.81M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is STWD's balance sheet healthy?
STWD holds $499.48M in cash and equivalents against $12.21B in long-term debt, on $6.80B of shareholder equity. That debt is best read against the cash flow the business throws off each year.