Starwood Property Trust, Inc. - Understand $stwd stock

$STWD Market Cap: $6.73 Billion

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Financial Snapshot

Revenue

$2.052B

TTM

Gross Margin

25.91%

TTM

Net Earnings

$377.8M

TTM

Current Assets

$555.0M

Q3 2024

Current Liabilities

$750.8M

Q3 2024

Current Ratio

73.92%

Q3 2024

Total Assets

$64.23B

Q3 2024

Total Liabilities

$56.95B

Q3 2024

Book Value

$7.283B

Q3 2024

Cash

$357.9M

Q3 2024

P/E

17.81

Nov 29, 2024 EST

Free Cash Flow

$11.85M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$2.050B	$1.465B	$1.170B	$1.136B	$1.196B	$1.109B	$879.9M	$784.7M	$735.9M	$702.9M	$565.7M	$307.7M	$206.5M	$93.50M	$6.900M
YoY Change	39.95%	25.18%	2.99%	-5.04%	7.86%	26.07%	12.13%	6.63%	4.69%	24.25%	83.82%	49.06%	120.8%	1255.07%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$2.050B	$1.465B	$1.170B	$1.136B	$1.196B	$1.109B	$879.9M	$784.7M	$735.9M	$702.9M	$565.7M	$307.7M	$206.5M	$93.50M	$6.900M
Cost Of Revenue	$1.560B	$934.0M	$593.4M	$528.9M	$607.6M	$525.1M	$407.9M	$348.3M	$327.3M	$278.8M	$188.6M	$104.4M	$68.00M	$15.80M	$1.900M
Gross Profit	$781.5M	$1.286B	$583.1M	$607.3M	$588.8M	$584.2M	$471.9M	$436.4M	$408.6M	$424.0M	$360.9M	$202.9M	$138.5M	$77.70M	$5.000M
Gross Profit Margin	38.13%	87.83%	49.83%	53.45%	49.21%	52.66%	53.63%	55.61%	55.52%	60.32%	63.8%	65.93%	67.09%	83.1%	72.46%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$243.1M	$238.3M	$302.4M	$293.5M	$298.3M	$275.8M	$234.3M	$218.0M	$166.2M	$169.7M	$150.0M	$11.70M	$8.800M	$29.70M	$9.200M
YoY Change	2.0%	-21.2%	3.04%	-1.61%	8.16%	17.71%	7.48%	31.17%	-2.06%	13.13%	1182.05%	32.95%	-70.37%	222.83%
% of Gross Profit	31.1%	18.52%	51.86%	48.33%	50.66%	47.21%	49.65%	49.95%	40.68%	40.02%	41.56%	5.77%	6.35%	38.22%	184.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$54.30M	$53.94M	$84.59M	$94.20M	$113.4M	$130.8M	$90.90M	$61.60M	$27.20M	$16.60M	$14.90M	$0.00	$0.00
YoY Change	0.66%	-36.23%	-10.2%	-16.93%	-13.3%	43.89%	47.56%	126.47%	63.86%	11.41%
% of Gross Profit	6.95%	4.19%	14.51%	15.51%	19.26%	22.39%	19.26%	14.12%	6.66%	3.92%	4.13%	0.0%	0.0%
Operating Expenses	$537.8M	$335.5M	$394.5M	$432.0M	$419.9M	$443.5M	$322.8M	$289.4M	$195.5M	$201.5M	$162.9M	$75.39M	$50.92M	$30.05M	$9.200M
YoY Change	60.28%	-14.94%	-8.69%	2.88%	-5.32%	37.39%	11.54%	48.03%	-2.98%	23.7%	116.07%	48.06%	69.44%	226.65%
Operating Profit	$243.8M	$950.9M	$188.6M	$175.3M	$168.9M	$140.7M	$149.1M	$147.0M	$213.1M	$222.5M	$142.8M	$183.2M	$126.0M	$47.65M	-$4.200M
YoY Change	-74.37%	404.11%	7.61%	3.79%	20.04%	-5.63%	1.43%	-31.02%	-4.22%	55.76%	-22.02%	45.34%	164.51%	-1234.48%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$1.436B	$797.1M	$445.1M	$419.8M	$508.7M	$408.2M	$295.7M	$237.7M	$274.0M	$304.5M	$118.3M	$47.13M	$28.78M	$15.79M	$1.700M
YoY Change	80.16%	79.09%	6.03%	-17.49%	24.63%	38.06%	24.39%	-13.25%	-10.02%	157.29%	151.14%	63.73%	82.3%	828.71%
% of Operating Profit	589.15%	83.82%	235.95%	239.45%	301.2%	290.11%	198.3%	161.7%	128.58%	136.85%	82.85%	25.73%	22.84%	33.13%
Other Income/Expense, Net	$465.9M	$805.8M	$320.1M	$214.5M	$383.6M	$294.9M	$299.7M	$13.60M	$1.700M	$4.600M	$191.5M	$21.53M	-$4.634M	$1.403M	$0.00
YoY Change	-42.18%	151.75%	49.19%	-44.07%	30.08%	-1.59%	2103.31%	700.0%	-63.04%	-97.6%	789.83%	-564.5%	-430.29%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$417.5M	$997.5M	$501.1M	$386.3M	$550.2M	$426.5M	$444.3M	$376.0M	$469.4M	$526.2M	$334.4M	$204.7M	$121.4M	$59.27M	-$2.600M
YoY Change	-58.15%	99.07%	29.72%	-29.79%	28.99%	-4.0%	18.16%	-19.9%	-10.79%	57.36%	63.35%	68.62%	104.83%	-2379.54%
Income Tax	-$682.0K	-$61.52M	$8.669M	$20.20M	$13.23M	$15.33M	$31.52M	$8.300M	$17.20M	$24.10M	$24.05M	$1.023M	$790.0K	$426.0K	$0.00
% Of Pretax Income	-0.16%	-6.17%	1.73%	5.23%	2.41%	3.59%	7.09%	2.21%	3.66%	4.58%	7.19%	0.5%	0.65%	0.72%
Net Earnings	$339.2M	$871.5M	$447.7M	$331.7M	$509.7M	$385.8M	$400.8M	$365.2M	$450.7M	$495.0M	$310.3M	$203.7M	$120.6M	$58.84M	-$3.000M
YoY Change	-61.08%	94.64%	34.99%	-34.92%	32.1%	-3.73%	9.74%	-18.97%	-8.95%	59.51%	52.36%	68.88%	104.97%	-2061.4%
Net Earnings / Revenue	16.55%	59.5%	38.27%	29.19%	42.6%	34.78%	45.55%	46.54%	61.24%	70.42%	54.86%	66.19%	58.42%	62.93%	-43.48%
Basic Earnings Per Share	$1.07	$2.80	$1.54	$1.16	$1.81	$1.44	$1.53				$1.82	$1.76	$1.38	$1.16
Diluted Earnings Per Share	$1.07	$2.74	$1.52	$1.16	$1.79	$1.42	$1.52	$1.510M	$1.925M	$2.262M	$1.82	$1.76	$1.38	$1.14	-$61.86K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$194.7M	$261.1M	$217.4M	$563.0M	$478.0M	$240.0M	$369.0M	$616.0M	$369.0M	$255.0M	$318.0M	$178.0M	$114.0M	$227.0M	$645.0M
YoY Change	-25.44%	20.1%	-61.39%	17.78%	99.17%	-34.96%	-40.1%	66.94%	44.71%	-19.81%	78.65%	56.14%	-49.78%	-64.81%
Cash & Equivalents	$194.7M	$261.1M	$217.4M	$563.0M	$478.0M	$240.0M	$369.0M	$616.0M	$369.0M	$255.0M	$318.0M	$178.0M	$114.0M	$227.0M	$645.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$395.5M	$429.6M	$333.6M	$659.0M	$542.0M	$300.0M	$417.0M	$644.0M	$403.0M	$295.0M	$356.0M	$202.0M	$129.0M	$237.0M	$647.0M
YoY Change	-7.93%	28.76%	-49.37%	21.59%	80.67%	-28.06%	-35.25%	59.8%	36.61%	-17.13%	76.24%	56.59%	-45.57%	-63.37%
Property, Plant & Equipment	$3.059B	$3.211B	$2.207B	$2.271B	$2.266B	$2.785B	$2.647B	$1.945B	$919.0M
YoY Change	-4.73%	45.51%	-2.83%	0.22%	-18.64%	5.21%	36.09%	111.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$825.9M	$907.7M	$951.1M	$845.0M	$895.0M	$1.153B	$978.0M	$1.047B	$1.011B	$1.322B	$2.203B	$1.170B	$565.0M	$606.0M	$246.0M
YoY Change	-9.01%	-4.56%	12.55%	-5.59%	-22.38%	17.89%	-6.59%	3.56%	-23.52%	-39.99%	88.29%	107.08%	-6.77%	146.34%
Other Assets	$117.3M	$121.1M	$104.6M	$162.0M	$110.0M	$266.0M	$49.00M	$35.00M	$23.00M	$49.00M	$69.00M	$3.000M	$0.00		$0.00
YoY Change	-3.11%	15.8%	-35.46%	47.27%	-58.65%	442.86%	40.0%	52.17%	-53.06%	-28.99%	2200.0%
Total Long-Term Assets	$69.11B	$78.61B	$83.52B	$80.22B	$77.50B	$67.96B	$62.52B	$76.61B	$85.30B	$115.8B	$110.4B	$4.122B	$2.868B	$1.864B	$462.0M
YoY Change	-12.09%	-5.87%	4.12%	3.5%	14.03%	8.7%	-18.39%	-10.18%	-26.35%	4.88%	2578.68%	43.72%	53.86%	303.46%
Total Assets	$69.50B	$79.04B	$83.85B	$80.87B	$78.04B	$68.26B	$62.94B	$77.26B	$85.70B	$116.1B	$110.8B	$4.324B	$2.997B	$2.101B	$1.109B
YoY Change
Accounts Payable	$293.4M	$299.0M	$189.7M	$207.0M	$212.0M	$218.0M	$185.0M	$198.0M	$157.0M	$145.0M	$225.0M	$9.000M	$5.000M	$6.000M	$1.000M
YoY Change	-1.86%	57.62%	-8.36%	-2.36%	-2.75%	17.84%	-6.57%	26.11%	8.28%	-35.56%	2400.0%	80.0%	-16.67%	500.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$1.326B	$1.874B	$2.068B	$657.0M	$480.0M	$565.0M	$573.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-29.24%	-9.38%	214.81%	36.88%	-15.04%	-1.4%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.817B	$2.366B	$2.482B	$1.041B	$870.0M	$961.0M	$926.0M	$361.0M	$313.0M	$294.0M	$333.0M	$85.00M	$55.00M	$87.00M	$10.00M
YoY Change	-23.19%	-4.67%	138.42%	19.66%	-9.47%	3.78%	156.51%	15.34%	6.46%	-11.71%	291.76%	54.55%	-36.78%	770.0%
Long-Term Debt	$18.39B	$18.63B	$14.95B	$12.15B	$11.28B	$10.19B	$7.400B	$6.201B	$5.392B	$4.685B	$3.437B	$1.394B	$1.157B	$634.0M	$171.0M
YoY Change	-1.33%	24.61%	23.04%	7.72%	10.71%	37.72%	19.34%	15.0%	15.09%	36.31%	146.56%	20.48%	82.49%	270.76%
Other Long-Term Liabilities	$42.28B	$50.85B	$59.77B	$62.82B	$60.75B	$52.21B	$50.04B	$66.13B	$75.82B	$107.2B	$102.7B	$49.00M	$21.00M	$44.00M	$31.00M
YoY Change	-16.85%	-14.93%	-4.86%	3.4%	16.36%	4.34%	-24.34%	-12.78%	-29.3%	4.45%	209436.73%	133.33%	-52.27%	41.94%
Total Long-Term Liabilities	$60.66B	$69.48B	$74.72B	$74.97B	$72.03B	$62.40B	$57.44B	$72.34B	$81.21B	$111.9B	$106.1B	$1.443B	$1.178B	$678.0M	$202.0M
YoY Change	-12.69%	-7.01%	-0.34%	4.08%	15.44%	8.64%	-20.6%	-10.93%	-27.44%	5.48%	7253.43%	22.5%	73.75%	235.64%
Total Liabilities	$63.25B	$72.58B	$77.78B	$76.39B	$73.34B	$63.66B	$58.46B	$72.73B	$81.56B	$112.2B	$106.5B	$1.605B	$1.238B	$774.0M	$221.0M
YoY Change	-12.85%	-6.68%	1.82%	4.15%	15.21%	8.89%	-19.62%	-10.82%	-27.33%	5.4%	6534.77%	29.64%	59.95%	250.23%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010
Basic Shares Outstanding								166.4M shares	113.7M shares	84.97M shares	49.14M shares
Diluted Shares Outstanding	310.5M shares	315.7M shares	296.8M shares	282.5M shares	289.7M shares	288.5M	262.1M	167.3M shares	114.6M shares	86.41M shares	50.02M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $6.7297 Billion

About STARWOOD PROPERTY TRUST, INC.

Starwood Property Trust, Inc. engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. The company is headquartered in Greenwich, Connecticut and currently employs 293 full-time employees. The company went IPO on 2009-08-12. The firm's segments include Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing. Commercial and Residential Lending segment is engaged in originating, acquiring, financing and managing commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities, residential mortgage-backed securities and other real estate and real estate-related debt investments in the United States, Europe and Australia. Infrastructure Lending segment is engaged in originating, acquiring, financing and managing infrastructure debt investments. Property segment is engaged primarily in acquiring and managing equity interests in stabilized commercial real estate properties. Investing and Servicing segment includes a servicing business in the United States; an investment business, and a mortgage loan business.

Industry: Real Estate Investment Trusts Peers: AGNC Investment Corp. ANNALY CAPITAL MANAGEMENT INC Apollo Commercial Real Estate Finance, Inc. ARBOR REALTY TRUST INC BLACKSTONE MORTGAGE TRUST, INC. CHIMERA INVESTMENT CORP Claros Mortgage Trust, Inc. HA Sustainable Infrastructure Capital, Inc. Rithm Capital Corp.