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Side-by-side financial comparison of CAVA GROUP, INC. (CAVA) 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 $280.6M, roughly 1.8× CAVA GROUP, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 6.5%, a 13.1% gap on every dollar of revenue. On growth, CAVA GROUP, INC. posted the faster year-over-year revenue change (20.2% vs 8.5%).

Cava, also referred to as Cava Grill, is an American Mediterranean fast casual restaurant chain with locations across the United States. Cava is owned by the publicly traded Cava Group, which purchased Zoës Kitchen in August 2018. The combined company is the largest restaurant operator in the Mediterranean category in the U.S. restaurant industry. Cava also produces a line of Mediterranean dips, spreads, and dressings that are sold in grocery stores across the US. As of May 2023, all Zoës Kit...

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...

CAVA vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.8× larger
STWD
$492.9M
$280.6M
CAVA
Growing faster (revenue YoY)
CAVA
CAVA
+11.7% gap
CAVA
20.2%
8.5%
STWD
Higher net margin
STWD
STWD
13.1% more per $
STWD
19.7%
6.5%
CAVA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CAVA
CAVA
STWD
STWD
Revenue
$280.6M
$492.9M
Net Profit
$18.4M
$96.9M
Gross Margin
Operating Margin
7.0%
26.6%
Net Margin
6.5%
19.7%
Revenue YoY
20.2%
8.5%
Net Profit YoY
-7.0%
87.7%
EPS (diluted)
$0.16
$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
CAVA
CAVA
STWD
STWD
Q4 25
$492.9M
Q3 25
$280.6M
$488.9M
Q2 25
$331.8M
$444.3M
Q1 25
$418.2M
Q4 24
$454.4M
Q3 24
$233.5M
$479.5M
Q2 24
$259.0M
$489.8M
Q1 24
$523.1M
Net Profit
CAVA
CAVA
STWD
STWD
Q4 25
$96.9M
Q3 25
$18.4M
$72.6M
Q2 25
$25.7M
$129.8M
Q1 25
$112.3M
Q4 24
$51.6M
Q3 24
$19.7M
$76.1M
Q2 24
$14.0M
$77.9M
Q1 24
$154.3M
Gross Margin
CAVA
CAVA
STWD
STWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.7%
Q2 24
25.2%
Q1 24
Operating Margin
CAVA
CAVA
STWD
STWD
Q4 25
26.6%
Q3 25
7.0%
19.1%
Q2 25
4.7%
30.5%
Q1 25
28.7%
Q4 24
15.1%
Q3 24
6.9%
17.2%
Q2 24
3.6%
19.1%
Q1 24
30.8%
Net Margin
CAVA
CAVA
STWD
STWD
Q4 25
19.7%
Q3 25
6.5%
14.8%
Q2 25
7.7%
29.2%
Q1 25
26.8%
Q4 24
11.4%
Q3 24
8.5%
15.9%
Q2 24
5.4%
15.9%
Q1 24
29.5%
EPS (diluted)
CAVA
CAVA
STWD
STWD
Q4 25
$0.25
Q3 25
$0.16
$0.19
Q2 25
$0.22
$0.38
Q1 25
$0.33
Q4 24
$0.15
Q3 24
$0.17
$0.23
Q2 24
$0.12
$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
CAVA
CAVA
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$290.2M
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$750.7M
$6.8B
Total Assets
$1.3B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAVA
CAVA
STWD
STWD
Q4 25
$499.5M
Q3 25
$290.2M
$301.1M
Q2 25
$289.4M
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$343.7M
$357.9M
Q2 24
$329.1M
$259.3M
Q1 24
$327.4M
Stockholders' Equity
CAVA
CAVA
STWD
STWD
Q4 25
$6.8B
Q3 25
$750.7M
$6.9B
Q2 25
$726.2M
$6.4B
Q1 25
$6.4B
Q4 24
$6.4B
Q3 24
$595.4M
$6.5B
Q2 24
$580.8M
$6.2B
Q1 24
$6.3B
Total Assets
CAVA
CAVA
STWD
STWD
Q4 25
$63.2B
Q3 25
$1.3B
$62.4B
Q2 25
$1.2B
$62.4B
Q1 25
$62.2B
Q4 24
$62.6B
Q3 24
$1.0B
$64.2B
Q2 24
$1.0B
$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
CAVA
CAVA
STWD
STWD
Operating Cash FlowLast quarter
$60.3M
$488.8M
Free Cash FlowOCF − Capex
$19.2M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
14.7%
Cash ConversionOCF / Net Profit
3.28×
5.04×
TTM Free Cash FlowTrailing 4 quarters
$49.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAVA
CAVA
STWD
STWD
Q4 25
$488.8M
Q3 25
$60.3M
$337.6M
Q2 25
$38.6M
$-87.4M
Q1 25
$238.9M
Q4 24
$295.6M
Q3 24
$48.9M
$241.8M
Q2 24
$38.4M
$53.3M
Q1 24
$55.9M
Free Cash Flow
CAVA
CAVA
STWD
STWD
Q4 25
Q3 25
$19.2M
Q2 25
$2.7M
Q1 25
Q4 24
Q3 24
$22.7M
Q2 24
$4.7M
Q1 24
FCF Margin
CAVA
CAVA
STWD
STWD
Q4 25
Q3 25
6.8%
Q2 25
0.8%
Q1 25
Q4 24
Q3 24
9.7%
Q2 24
1.8%
Q1 24
Capex Intensity
CAVA
CAVA
STWD
STWD
Q4 25
Q3 25
14.7%
Q2 25
10.8%
Q1 25
Q4 24
Q3 24
11.2%
Q2 24
13.0%
Q1 24
Cash Conversion
CAVA
CAVA
STWD
STWD
Q4 25
5.04×
Q3 25
3.28×
4.65×
Q2 25
1.50×
-0.67×
Q1 25
2.13×
Q4 24
5.72×
Q3 24
2.48×
3.18×
Q2 24
2.74×
0.68×
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAVA
CAVA

Restaurant Revenue$278.2M99%
Rewards$2.8M1%
CPG Revenue And Other$2.4M1%

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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