Companies: 10,795·Total market cap: $144.5T
Starwood Property Trust, Inc.

Starwood Property Trust, Inc.

STWDNYSEReal Estate● Active
$16.84
$-0.21(-1.23%)
Market Cap$6.2B
P/E Ratio—
52W High$21.05
52W Low$16.76
Free Cash FlowFinancialsRevenue

Starwood Property Trust, Inc. (STWD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

STWD · free cash flow · updated Jun 9, 2026

Core FCF metrics

Free cash flow was $708.8M for FY2025 (fiscal year ending 2025-12-31), up 14.6% year-over-year The FCF margin was 37.7%. Five-year CAGR stands at -7.0%.

FY2025 Free Cash Flow$708.8M▲ +14.6% YoY
Trailing 12M (TTM)$632.6Mtrailing 4 quarters sum
FCF Margin37.7%$708.8M ÷ revenue
3-Year CAGR+55.5%FY2022 → FY2025
5-Year CAGR-7.0%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
stwd free cash flow history · stwd free cash flow chart · stwd free cash flow growth rate · stwd free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$708.8M▲ +14.6%37.7%
FY2024$618.6M▲ +22.9%30.3%
FY2023$503.5M▲ +167.1%24.5%
FY2022$188.5M▲ +118.6%12.1%
FY2021−$1.02B▼ 199.6%-85.5%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
stwd free cash flow 2025 · stwd free cash flow 2024 · stwd free cash flow 2023 · stwd operating cash flow

FCF valuation metrics

Starwood Property Trust, Inc. (STWD) trades at a FCF yield of 10.13% and a price-to-free-cash-flow ratio of 9.0x. FCF per share stands at $1.88, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
10.13%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$1.88
TTM FCF ÷ Shares Outstanding
Price / FCF
x9.0
Share Price ÷ FCF per Share
EV / FCF (TTM)
x46.0
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
stwd price to free cash flow · stwd free cash flow yield · stwd free cash flow per share · stwd price to cash flow ratio

Cash flow statement summary

For FY2025, Starwood Property Trust, Inc. generated $977.9M in operating cash flow and spent 269M in capital expenditures, yielding $708.8M in free cash flow.

Operating Activities
+$977.9M
Cash from core business operations
2025-12-31
Investing Activities
−$3.78B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$2.92B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($977.9M) − |CapEx| (269M) = FCF ($708.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
stwd cash flow statement · stwd cash flow statement 2025 · stwd operating cash flow · stwd cash flow from operations

Free cash flow vs peers (Real Estate)

#CompanyFree Cash FlowYoY
#1
Starwood Property Trust, Inc.
Starwood Property Trust, Inc.YOU
STWD
$708.8M+14.6%
#2
Prologis, Inc.
Prologis, Inc.
PLD
$5.01B+2.0%#3
American Tower Corporation
American Tower Corporation
AMT
$3.78B+2.2%#4
Simon Property Group, Inc.
Simon Property Group, Inc.
SPG
$3.57B+16.6%#5
Welltower Inc.
Welltower Inc.
WELL
$2.85B+29.5%#6
Equinix, Inc.
Equinix, Inc.
EQIX
−$400.0M-318.6%
Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Starwood Property Trust, Inc. (STWD) reported free cash flow of $708.8M for FY2025 (fiscal year ending 2025-12-31), up 14.6% year-over-year. The FCF margin was 37.7%.

Based on available data, Starwood Property Trust, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $1.02B in FY2020. The 5-year CAGR stands at -7.0%.

Starwood Property Trust, Inc.'s FCF yield is 10.13% and price-to-FCF ratio is 9.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

STWD free cash flow · 8 questions

Starwood Property Trust, Inc. free cash flow was $708.8M for FY2025, up 14.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $632.6M.

STWD free cash flowSTWD FCFSTWD FCF 2025STWD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Starwood Property Trust, Inc. · Starwood Property Trust, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026