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Side-by-side financial comparison of CBL International Ltd (BANL) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STARWOOD PROPERTY TRUST, INC. is the larger business by last-quarter revenue ($492.9M vs $277.2M, roughly 1.8× CBL International Ltd). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs -0.6%, a 20.2% gap on every dollar of revenue.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

BANL vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.8× larger
STWD
$492.9M
$277.2M
BANL
Higher net margin
STWD
STWD
20.2% more per $
STWD
19.7%
-0.6%
BANL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BANL
BANL
STWD
STWD
Revenue
$277.2M
$492.9M
Net Profit
$-1.6M
$96.9M
Gross Margin
1.0%
Operating Margin
-0.5%
26.6%
Net Margin
-0.6%
19.7%
Revenue YoY
8.5%
Net Profit YoY
87.7%
EPS (diluted)
$0.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BANL
BANL
STWD
STWD
Q4 25
$492.9M
Q3 25
$488.9M
Q2 25
$277.2M
$444.3M
Q1 25
$418.2M
Q4 24
$592.5M
$454.4M
Q3 24
$479.5M
Q2 24
$192.0M
$489.8M
Q1 24
$523.1M
Net Profit
BANL
BANL
STWD
STWD
Q4 25
$96.9M
Q3 25
$72.6M
Q2 25
$-1.6M
$129.8M
Q1 25
$112.3M
Q4 24
$-3.9M
$51.6M
Q3 24
$76.1M
Q2 24
$77.9M
Q1 24
$154.3M
Gross Margin
BANL
BANL
STWD
STWD
Q4 25
Q3 25
Q2 25
1.0%
Q1 25
Q4 24
0.9%
Q3 24
Q2 24
2.1%
Q1 24
Operating Margin
BANL
BANL
STWD
STWD
Q4 25
26.6%
Q3 25
19.1%
Q2 25
-0.5%
30.5%
Q1 25
28.7%
Q4 24
-0.6%
15.1%
Q3 24
17.2%
Q2 24
19.1%
Q1 24
30.8%
Net Margin
BANL
BANL
STWD
STWD
Q4 25
19.7%
Q3 25
14.8%
Q2 25
-0.6%
29.2%
Q1 25
26.8%
Q4 24
-0.7%
11.4%
Q3 24
15.9%
Q2 24
15.9%
Q1 24
29.5%
EPS (diluted)
BANL
BANL
STWD
STWD
Q4 25
$0.25
Q3 25
$0.19
Q2 25
$0.38
Q1 25
$0.33
Q4 24
$-0.14
$0.15
Q3 24
$0.23
Q2 24
$0.24
Q1 24
$0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BANL
BANL
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.9M
$6.8B
Total Assets
$69.3M
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANL
BANL
STWD
STWD
Q4 25
$499.5M
Q3 25
$301.1M
Q2 25
$259.9M
Q1 25
$440.6M
Q4 24
$8.0M
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Q1 24
$327.4M
Stockholders' Equity
BANL
BANL
STWD
STWD
Q4 25
$6.8B
Q3 25
$6.9B
Q2 25
$22.9M
$6.4B
Q1 25
$6.4B
Q4 24
$22.9M
$6.4B
Q3 24
$6.5B
Q2 24
$25.3M
$6.2B
Q1 24
$6.3B
Total Assets
BANL
BANL
STWD
STWD
Q4 25
$63.2B
Q3 25
$62.4B
Q2 25
$69.3M
$62.4B
Q1 25
$62.2B
Q4 24
$69.3M
$62.6B
Q3 24
$64.2B
Q2 24
$53.5M
$64.1B
Q1 24
$66.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BANL
BANL
STWD
STWD
Operating Cash FlowLast quarter
$488.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANL
BANL
STWD
STWD
Q4 25
$488.8M
Q3 25
$337.6M
Q2 25
$-87.4M
Q1 25
$238.9M
Q4 24
$-1.9M
$295.6M
Q3 24
$241.8M
Q2 24
$53.3M
Q1 24
$55.9M
Free Cash Flow
BANL
BANL
STWD
STWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-2.1M
Q3 24
Q2 24
Q1 24
FCF Margin
BANL
BANL
STWD
STWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.4%
Q3 24
Q2 24
Q1 24
Capex Intensity
BANL
BANL
STWD
STWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
Q2 24
Q1 24
Cash Conversion
BANL
BANL
STWD
STWD
Q4 25
5.04×
Q3 25
4.65×
Q2 25
-0.67×
Q1 25
2.13×
Q4 24
5.72×
Q3 24
3.18×
Q2 24
0.68×
Q1 24
0.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BANL
BANL

Segment breakdown not available.

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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