Starwood Property Trust, Inc. (STWD) — Financial statements
Income statement, balance sheet, and cash flow for Starwood Property Trust, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,880↓7.9% | 2,041↓0.5% | 2,052↑32.1% | 1,553↑30.7% | 1,188 | |
| Cost of Revenue | 367↑30.1% | 282↓3.0% | 290↓4.1% | 303↓32.5% | 449 | |
| Gross Profit | 1,514↓14.0% | 1,759↓0.1% | 1,762↑40.9% | 1,250↑69.1% | 739 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 81↓30.1% | 116↓66.7% | 347↑84.7% | 188↑423.2% | -58 | |
| Operating Expenses | 81↓30.1% | 116↓66.7% | 347↑84.7% | 188↑423.2% | -58 | |
| Total Costs & Expenses | 447↑12.6% | 397↓37.7% | 638↑29.9% | 491↑25.6% | 391 | |
| Operating Results | ||||||
| Operating Income | 1,433↓12.8% | 1,644↑16.2% | 1,414↑33.1% | 1,062↑33.2% | 798 | |
| Depreciation & Amortization | 82↑90.4% | 43↓15.6% | 51↑0.3% | 51↓39.6% | 84 | |
| EBITDA | 1,839↑2.3% | 1,798↓5.6% | 1,905↑3.2% | 1,846↑79.1% | 1,031 | |
| EBIT | 1,757↑0.1% | 1,755↓5.3% | 1,854↑3.3% | 1,795↑89.7% | 946 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,243↓398.6% | 416↓6.4% | 445↓8.6% | 486↑21.5% | 400 | |
| Interest Income | 34↓98.0% | 1,765↓6.2% | 1,881↑46.5% | 1,284↑51.8% | 845 | |
| Interest Expense | 1,277↓5.3% | 1,349↓6.1% | 1,436↑80.2% | 797↑79.1% | 445 | |
| Non-Operating Income | -324↓191.9% | -111↑74.7% | -439↑40.0% | -732↓392.7% | -149 | |
| Other Income / Expenses | -953↑23.0% | -1,238↓24.2% | -997↓1441.7% | -65↑78.2% | -296 | |
| Income Before Tax | 480↑18.2% | 406↓2.7% | 417↓58.1% | 998↑99.1% | 501 | |
| Income Tax Expense | 37↑44.4% | 25↑3829.0% | -0.68↑98.9% | -62↓809.7% | 9 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 443↑16.4% | 381↓9.0% | 418↓60.5% | 1,059↑115.1% | 492 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 412↑14.3% | 360↑6.1% | 339↓61.1% | 871↑94.6% | 448 | |
| Bottom-Line Net Income | 402↑14.1% | 353↑6.0% | 333↓61.0% | 854↑93.8% | 441 | |
| EPS (Basic) | 1.22↑8.0% | 1.13↑5.6% | 1.07↓65.4% | 3.09↑100.6% | 1.54 | |
| EPS (Diluted) | 1.22↑8.9% | 1.12↑4.7% | 1.07↓65.4% | 3.09↑103.3% | 1.52 | |
| Weighted Average Shares | 337↑5.3% | 320↑3.3% | 310↑9.7% | 282↓1.2% | 286 | |
| Weighted Average Diluted Shares | 337↑5.2% | 321↑3.2% | 311↑9.9% | 282↓4.8% | 297 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.