Stocks · Real Estate · REIT - Mortgage
Starwood Property Trust, Inc. STWD
$13.05 -0.99% Close, Oct 2, 2026 · NYSE · Market cap $4.84B
Weak trend
Next earnings report: Nov 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 19.2× trailing earnings, higher than 90% of the company's own readings over the past five years.
- Net debt is 13.2× EBITDA, a high level of leverage.
- Diluted EPS over the last four quarters was $0.68, down 36.9% year over year.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth51Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 38%
- EPS growth (TTM, YoY)Bottom 27%
- FCF growth (TTM, YoY)Bottom 30%
- Revenue growth, 3-year CAGRTop 43%
- Revenue growth accelerationTop 22%
Quality62Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 31%
- Gross marginTop 18%
- Operating marginTop 7%
- Cash conversion (OCF / net income)Top 13%
- Accruals (lower is better)Bottom 29%
- Net debt / EBITDA (lower is better)Bottom 21%
- Interest coverBottom 42%
Value35Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 27%
- Free-cash-flow yieldTop 27%
- EBITDA / enterprise valueBottom 48%
- Sales / enterprise valueBottom 19%
- P/E vs own 5-year history (lower is better)Bottom 6%
Momentum16Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 21%
- 6-month returnBottom 13%
- 1-year return vs S&P 500Bottom 18%
- Distance from 52-week highBottom 26%
- Trend checklist (0–4)Bottom 22%
Revisions69Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 41%
- Consecutive EPS beatsBottom 18%
- Share of analysts rating BuyTop 11%
- Upside to consensus price targetTop 16%
Stability41Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 45%
- Maximum drawdown, 3 yearsBottom 44%
- Beta vs S&P 500 (lower is better)Top 40%
- Net debt / EBITDA (lower is better)Bottom 21%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 7.6% | 10.5% | ↑ |
| EPS growth (YoY) | 11.7% | -36.9% | ↓ |
| Gross margin | 84.1% | 76.7% | ↓ |
| Operating margin | 73.0% | 73.4% | ↑ |
| FCF margin | 36.1% | 21.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 10.5% | 7.6% | ↑ | Top 38% |
| EPS growth (TTM, YoY) | -36.9% | 11.7% | ↓ | Bottom 27% |
| Gross margin | 76.7% | 84.1% | ↓ | Top 18% |
| Operating margin | 73.4% | 73.0% | ↑ | Top 7% |
| Net margin | 11.3% | 20.2% | ↓ | — |
| Free-cash-flow margin | 21.7% | 36.1% | ↓ | — |
| Return on invested capital | 2.2% | — | Bottom 31% | |
| Revenue growth, 3-year CAGR | 6.6% | — | Top 43% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +11.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 13.17×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 17.80%
- Net buyback yield (TTM)
- 1.25%
- Shareholder yield
- 19.05%
- Share count change, 1 year
- +8.8%
- Share count change, 3-year CAGR
- +5.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- -4.0%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $20.00
- Target vs current price
- +53.3%
- Analysts with a rating
- 21
- Share rating Buy or Strong Buy
- 76%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | -0.0% | -1.7% | +1.5% | -2.4% | — |
| May 8, 2026 | -7.1% | -1.7% | -5.0% | -5.5% | -9.9% |
| Feb 25, 2026 | +2.4% | +0.2% | +1.5% | -1.8% | -3.1% |
| Nov 10, 2025 | -11.1% | -2.9% | -3.2% | -0.6% | -1.1% |
| Aug 7, 2025 | +10.3% | +2.0% | +3.6% | +5.5% | -6.6% |
| May 9, 2025 | -2.2% | +0.7% | +5.8% | +6.1% | +2.9% |
| Feb 27, 2025 | +4.3% | +0.9% | +0.7% | +0.5% | -2.6% |
| Nov 6, 2024 | +4.3% | -1.4% | -1.9% | +1.5% | -1.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.40 | $0.40 | -0.0% | $513.7M |
| May 8, 2026 | $0.39 | $0.42 | -7.1% | $512.5M |
| Feb 25, 2026 | $0.42 | $0.41 | +2.4% | $492.9M |
| Nov 10, 2025 | $0.40 | $0.45 | -11.1% | $489.9M |
| Aug 7, 2025 | $0.43 | $0.39 | +10.3% | $475.9M |
| May 9, 2025 | $0.45 | $0.46 | -2.2% | $418.2M |
| Feb 27, 2025 | $0.48 | $0.46 | +4.3% | $448.3M |
| Nov 6, 2024 | $0.48 | $0.46 | +4.3% | $487.9M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 19.2× | 15.8× | 90th | Top 27% |
| P/E (forward) | 8.6× | — | — | — |
| EV / EBITDA | 15.9× | — | — | Bottom 48% |
| EV / Sales | 13.92× | — | — | Bottom 19% |
| Free-cash-flow yield | 9.06% | — | — | Top 27% |
| Earnings yield | 5.22% | — | — | Top 27% |
P/E over the past five years
Range 7.1× – 23.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -33.0%
- Earnings per share growth (TTM)
- -36.9%
- Change in P/E multiple
- +27.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.4%
- 200-day average slope (20 days)
- -1.9%
- Distance from 50-day average
- -16.7%
- Distance from 200-day average
- -23.8%
- RSI (14)
- 14.8
- Relative volume
- 2.09×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.8%
- Volatility vs own 5-year history
- 53th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.51
- Correlation with S&P 500
- 0.42
- Current drawdown from 1-year high
- -32.9%
- Maximum drawdown, 3 years
- -41.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 25, 2021 | Oct 2, 2026 | -51.6% | 1323 days | Not yet recovered |
| Sep 28, 2020 | Oct 28, 2020 | -12.8% | 22 days | 8 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.84B
- P/E (TTM)
- 19.2
- EPS, diluted (TTM)
- $0.68
- Revenue (TTM)
- $2.02B
- Dividend yield
- 14.71%
- 52-week range
- $12.90 – $19.57
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.19B | $1.55B | $2.05B | $2.04B | $1.88B |
| Gross profit | $739.3M | $1.25B | $1.76B | $1.76B | $1.51B |
| Operating income | $797.5M | $1.06B | $1.41B | $1.64B | $1.43B |
| Net income | $447.7M | $871.5M | $339.2M | $359.9M | $411.5M |
| EPS (diluted) | $1.52 | $3.09 | $1.07 | $1.12 | $1.22 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $487.9M | $448.3M | $418.2M | $475.9M | $489.9M | $506.2M | $513.1M | $513.7M |
| Net income | $76.1M | $51.6M | $112.3M | $129.8M | $72.6M | $96.9M | $51.9M | $6.6M |
| EPS (diluted) | $0.23 | $0.14 | $0.33 | $0.38 | $0.22 | $0.30 | $0.15 | $0.01 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$990.0M | $213.7M | $528.6M | $646.6M | $977.9M |
| Capital expenditure | -$26.3M | -$25.2M | -$25.1M | -$27.9M | -$269.0M |
| Free cash flow | -$1.02B | $188.5M | $503.5M | $618.6M | $708.8M |
| Dividends paid | -$553.9M | -$591.5M | -$601.2M | -$620.0M | -$668.9M |
| Net share buybacks | $394.1M | $51.5M | $3.0M | $395.5M | $567.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $452.4M
- Total assets
- $61.05B
- Total liabilities
- $53.86B
- Total debt
- $23.69B
- Net debt
- $23.33B
- Shareholders’ equity
- $6.50B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.48 | Oct 15, 2026 |
| Jun 30, 2026 | $0.48 | Jul 15, 2026 |
| Mar 31, 2026 | $0.48 | Apr 15, 2026 |
| Dec 31, 2025 | $0.48 | Jan 15, 2026 |
| Sep 30, 2025 | $0.48 | Oct 15, 2025 |
| Jun 30, 2025 | $0.48 | Jul 15, 2025 |
| Mar 31, 2025 | $0.48 | Apr 15, 2025 |
| Dec 31, 2024 | $0.48 | Jan 15, 2025 |
Short interest
- Shares sold short
- 19,132,705
- Days to cover
- 4.67
- Change vs previous report
- +5.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 3, 2014
- 6,201-for-5,000