Starwood Property Trust (STWD) FY2024 results: revenue $1.9 billion, down 5.0% on the year
Starwood Property Trust, Inc. (STWD) reported revenue of $1.9 billion for fiscal 2024, the year ended 31 December 2024, down 5.0% on the year before. Net income was $360 million, up 6.1%, and diluted earnings per share $1.10. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$1.9 billion
-5.0% on the year
FY2017FY2024
Operating margin
-1.8%
-2.4% a year earlier
FY2017FY2024
Net income
$360 million
+6.1% on the year
FY2017FY2024
Diluted EPS
$1.10
+2.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
647
529
214
+22.3%
Capital expenditure
0.0
0.0
n/a
Free cash flow
647
529
n/a
+22.3%
Free cash flow margin
33.2%
25.8%
n/a
Cash from investing
2,084
855
-2,950
+143.7%
Cash from financing
-2,486
-1,455
2,798
Depreciation and amortisation
41.3
49.1
49.3
-15.9%
Share-based compensation
59.4
52.9
65.1
+12.3%
Buybacks
n/a
n/a
0.0
Dividends paid
620
601
591
+3.1%
Dividend per share
$1.92
$1.92
$1.92
0.0%
Diluted shares, weighted
321m
311m
316m
+3.2%
Shares outstanding at period end
337m
313m
311m
+7.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
6,437
6,251
6,462
+3.0%
Non-controlling interest
330
358
373
-7.8%
Redeemable equity
427
414
363
+3.0%
Debt
14,146
16,221
16,831
-12.8%
Other liabilities
41,217
46,261
55,014
-10.9%
Total liabilities and equity
62,556
69,504
79,043
-10.0%
Goodwill
260
260
260
0.0%
Intangible assets
60.7
65.0
68.8
-6.6%
Securities held for sale or to maturity
525
722
790
-27.2%
Cash and equivalents
378
195
261
+94.1%
Other assets
61,333
68,263
77,663
-10.2%
Total assets
62,556
69,504
79,043
-10.0%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.