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Starwood Property Trust STWD Q4 2025 Annual earnings

Reported February 25, 2026 · Before market open

Revenue$492.9MMiss by $10.3MDiluted EPS$0.42Beat by $0.01
Revenue estimate$503.2M
EPS estimate$0.41

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$521.7M
EPS estimate$0.40

Financials

Q4 2025

Income statement

See full
Revenue$492.9M+8.5%
Net income$96.9M+87.7%
EPS (diluted)$0.26+85.7%

Balance sheet

See full
Cash & equivalents$674.6M+21.8%
Total debt$69.0M+94.1%
Total equity$6.8B+5.6%
Total assets$63.2B+1.0%

Cash flow

See full
Operating cash flow$488.8M+65.4%
CapEx$219.6M—
Free cash flow$488.8M+65.4%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$6.67B+4.4%
Enterprise value$6.06B+3.3%
P/E16.2×-1.5×
P/S3.6×+0.3×

Profitability

See full
Net margin22.3%+3.8pp

Returns & leverage

See full
Return on equity6.2%+0.5pp
Debt / equity0×0.0×

Segments

By segment

See full
Commercial and Residential Lending Segment$335.2M-6.1%
Investing and Servicing Segment$70.8M—
Infrastructure Lending Segment$70.3M+10.8%

Versus estimates

Revenue

Q1 2026$512.5MBeat by $16.2M
Q4 2025$492.9MMiss by $10.3M
Q3 2025$489.9MBeat by $20.4MQ2 2025$475.9MBeat by $395.0KQ1 2025$418.2MMiss by $58.8MQ4 2024$448.3MMiss by $18.1M

Diluted EPS

Q1 2026$0.39Miss by $0.03
Q4 2025$0.42Beat by $0.01
Q3 2025$0.40Miss by $0.05Q2 2025$0.43Beat by $0.04Q1 2025$0.45Miss by $0.01Q4 2024$0.48Beat by $0.02

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Questions, answered.

When did Starwood Property Trust report Q4 2025 earnings?
Starwood Property Trust (STWD) reported Q4 2025 earnings on February 25, 2026 before market open.
What were Starwood Property Trust's Q4 2025 revenue and EPS?
Starwood Property Trust reported revenue of $492.9M and diluted EPS of $0.42 for Q4 2025.
Did Starwood Property Trust beat estimates in Q4 2025?
Revenue missed the consensus estimate of $503.2M by $10.3M. EPS beat the consensus estimate of $0.41 by $0.01.
How did Starwood Property Trust's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.0% from $448.3M a year earlier and diluted EPS declined 12.5% from $0.48.
Where can I find Starwood Property Trust's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001465128-26-000008) and the 10-K periodic report (0001465128-26-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.