STWD · XBRL financial data

Starwood Property Trust financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (STWD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	1,136	1,170	1,465	2,050	1,947	1,844
General and administrative	158	171	176	180	199	209
Other operating income (expense)	(1)	(1)	(1)	(2)	(2)	(4)
Interest expense	420	445	797	1,436	—	—
Other income (expense)	0	(7)	(94)	(136)	(10)	(33)
Income tax expense (benefit)	20	9	(62)	(1)	25	37
Net income (loss)	332	448	871	339	360	412
Earnings per share, basic USD per share	1.16	1.54	2.80	1.07	1.10	1.15
Earnings per share, diluted USD per share	1.16	1.52	2.74	1.07	1.10	1.15
Weighted average shares, diluted millions of shares	282	297	316	311	321	350

Fiscal years (STWD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	563	217	261	195	378	499
Right-of-use asset	—	—	—	—	—	54
Goodwill	260	260	260	260	260	260
Total assets	80,874	83,850	79,043	69,504	62,556	63,183
Total liabilities	76,011	77,202	71,844	62,481	55,363	55,694
Retained earnings (accumulated deficit)	(630)	493	769	506	235	(39)
Total stockholders' equity	4,489	6,073	6,462	6,251	6,437	6,796
Total liabilities and equity	80,874	83,850	79,043	69,504	62,556	63,183
Common shares outstanding (cover page) millions of shares	285	305	311	313	337	371

Fiscal years (STWD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	332	448	871	339	360	412
Net cash from operating activities	1,046	(990)	214	529	647	978
Net cash from investing activities	(912)	(4,282)	(2,950)	855	2,084	(3,776)
Proceeds from issuing common stock	1	394	52	3	395	568
Share repurchases	34	0	0	—	—	—
Dividends paid	547	554	591	601	620	669
Proceeds from long-term debt	7,101	17,437	13,521	6,560	7,204	14,667
Repayments of long-term debt	6,138	11,929	9,888	7,474	9,243	11,431
Net cash from financing activities	13	4,873	2,798	(1,455)	(2,486)	2,920

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Starwood Property Trust	368	514	171*	370.2M	—	Q2 FY26 10-QJun 30, 2026
First Industrial Realty Trust	42	197	not reported	132.6M	—	Q3 FY26 10-QSep 30, 2026
Essential Properties Realty Trust	25	169	118*	220.3M	—	Q3 FY26 10-QSep 30, 2026
CareTrust REIT	48	161	135*	236.3M	—	Q2 FY26 10-QJun 30, 2026
STAG Industrial	12	231	147*	192.8M	—	Q3 FY26 10-QSep 30, 2026
Ryman Hospitality Properties	348	656	194*	69.0M	—	Q3 FY26 10-QSep 30, 2026
Rithm Capital	1,709	1,756	(1,589)*	558.4M	3.9 quarters	Q3 FY26 10-QSep 30, 2026
Vornado Realty Trust	580	468	not reported	187.0M	—	Q3 FY26 10-QSep 30, 2026
American Healthcare REIT	157	674	119*	218.0M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.