Starwood Property Trust, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.84B | $1.95B | $2.05B | $1.46B | $1.17B | $1.14B | $1.20B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $208.8M | $199.2M | $180.2M | $175.5M | $171.3M | $157.9M | $155.1M |
| Operating Income | — | $479.8M | $406.0M | $1.85B | $1.79B | $946.2M | $806.0M | $1.06B |
| Operating Margin | — | 26.0% | 20.9% | 90.4% | 122.5% | 80.9% | 70.9% | 88.5% |
| Interest Expense | — | — | — | $1.44B | $797.1M | $445.1M | $419.8M | $508.7M |
| Pretax Income | — | $479.8M | $406.0M | $417.5M | $997.5M | $501.1M | $386.3M | $550.2M |
| Income Tax Expense | — | $36.7M | $25.4M | $-682.0K | $-61.5M | $8.7M | $20.2M | $13.2M |
| Net Income | — | $411.5M | $359.9M | $339.2M | $871.5M | $447.7M | $331.7M | $509.7M |
| Net Margin | — | 22.3% | 18.5% | 16.5% | 59.5% | 38.3% | 29.2% | 42.6% |
| EPS (Basic) | — | $1.15 | $1.10 | $1.07 | $2.80 | $1.54 | $1.16 | $1.81 |
| EPS (Diluted) | — | $1.15 | $1.10 | $1.07 | $2.74 | $1.52 | $1.16 | $1.79 |
| Shares Outstanding (Basic) | 370.6M | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | 370.6M | 350.0M | 320.6M | 310.5M | 315.7M | 296.8M | 282.5M | 289.7M |
| Dividends Per Share | — | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 |