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Side-by-side financial comparison of CABOT CORP (CBT) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

CABOT CORP is the larger business by last-quarter revenue ($849.0M vs $492.9M, roughly 1.7× STARWOOD PROPERTY TRUST, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 8.6%, a 11.1% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs -11.1%). Over the past eight quarters, STARWOOD PROPERTY TRUST, INC.'s revenue compounded faster (-2.9% CAGR vs -8.7%).

Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities, and 28 sales offices.

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...

CBT vs STWD — Head-to-Head

Bigger by revenue
CBT
CBT
1.7× larger
CBT
$849.0M
$492.9M
STWD
Growing faster (revenue YoY)
STWD
STWD
+19.6% gap
STWD
8.5%
-11.1%
CBT
Higher net margin
STWD
STWD
11.1% more per $
STWD
19.7%
8.6%
CBT
Faster 2-yr revenue CAGR
STWD
STWD
Annualised
STWD
-2.9%
-8.7%
CBT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBT
CBT
STWD
STWD
Revenue
$849.0M
$492.9M
Net Profit
$73.0M
$96.9M
Gross Margin
24.9%
Operating Margin
15.2%
26.6%
Net Margin
8.6%
19.7%
Revenue YoY
-11.1%
8.5%
Net Profit YoY
-21.5%
87.7%
EPS (diluted)
$1.37
$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
CBT
CBT
STWD
STWD
Q4 25
$849.0M
$492.9M
Q3 25
$899.0M
$488.9M
Q2 25
$923.0M
$444.3M
Q1 25
$936.0M
$418.2M
Q4 24
$955.0M
$454.4M
Q3 24
$1.0B
$479.5M
Q2 24
$1.0B
$489.8M
Q1 24
$1.0B
$523.1M
Net Profit
CBT
CBT
STWD
STWD
Q4 25
$73.0M
$96.9M
Q3 25
$43.0M
$72.6M
Q2 25
$101.0M
$129.8M
Q1 25
$94.0M
$112.3M
Q4 24
$93.0M
$51.6M
Q3 24
$137.0M
$76.1M
Q2 24
$109.0M
$77.9M
Q1 24
$84.0M
$154.3M
Gross Margin
CBT
CBT
STWD
STWD
Q4 25
24.9%
Q3 25
24.5%
Q2 25
26.4%
Q1 25
25.7%
Q4 24
24.6%
Q3 24
24.0%
Q2 24
25.2%
Q1 24
24.1%
Operating Margin
CBT
CBT
STWD
STWD
Q4 25
15.2%
26.6%
Q3 25
15.2%
19.1%
Q2 25
18.1%
30.5%
Q1 25
17.3%
28.7%
Q4 24
16.2%
15.1%
Q3 24
15.0%
17.2%
Q2 24
16.9%
19.1%
Q1 24
15.3%
30.8%
Net Margin
CBT
CBT
STWD
STWD
Q4 25
8.6%
19.7%
Q3 25
4.8%
14.8%
Q2 25
10.9%
29.2%
Q1 25
10.0%
26.8%
Q4 24
9.7%
11.4%
Q3 24
13.7%
15.9%
Q2 24
10.7%
15.9%
Q1 24
8.2%
29.5%
EPS (diluted)
CBT
CBT
STWD
STWD
Q4 25
$1.37
$0.25
Q3 25
$0.80
$0.19
Q2 25
$1.86
$0.38
Q1 25
$1.69
$0.33
Q4 24
$1.67
$0.15
Q3 24
$2.41
$0.23
Q2 24
$1.94
$0.24
Q1 24
$1.49
$0.48

Balance Sheet & Financial Strength

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

Metric
CBT
CBT
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$230.0M
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.6B
$6.8B
Total Assets
$3.8B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBT
CBT
STWD
STWD
Q4 25
$230.0M
$499.5M
Q3 25
$258.0M
$301.1M
Q2 25
$239.0M
$259.9M
Q1 25
$213.0M
$440.6M
Q4 24
$183.0M
$377.8M
Q3 24
$223.0M
$357.9M
Q2 24
$197.0M
$259.3M
Q1 24
$206.0M
$327.4M
Total Debt
CBT
CBT
STWD
STWD
Q4 25
Q3 25
$1.1B
Q2 25
Q1 25
Q4 24
Q3 24
$1.1B
Q2 24
Q1 24
Stockholders' Equity
CBT
CBT
STWD
STWD
Q4 25
$1.6B
$6.8B
Q3 25
$1.6B
$6.9B
Q2 25
$1.5B
$6.4B
Q1 25
$1.4B
$6.4B
Q4 24
$1.4B
$6.4B
Q3 24
$1.4B
$6.5B
Q2 24
$1.3B
$6.2B
Q1 24
$1.4B
$6.3B
Total Assets
CBT
CBT
STWD
STWD
Q4 25
$3.8B
$63.2B
Q3 25
$3.8B
$62.4B
Q2 25
$3.8B
$62.4B
Q1 25
$3.8B
$62.2B
Q4 24
$3.6B
$62.6B
Q3 24
$3.7B
$64.2B
Q2 24
$3.6B
$64.1B
Q1 24
$3.6B
$66.2B
Debt / Equity
CBT
CBT
STWD
STWD
Q4 25
Q3 25
0.70×
Q2 25
Q1 25
Q4 24
Q3 24
0.75×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CBT
CBT
STWD
STWD
Operating Cash FlowLast quarter
$126.0M
$488.8M
Free Cash FlowOCF − Capex
$57.0M
FCF MarginFCF / Revenue
6.7%
Capex IntensityCapex / Revenue
8.1%
Cash ConversionOCF / Net Profit
1.73×
5.04×
TTM Free Cash FlowTrailing 4 quarters
$401.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBT
CBT
STWD
STWD
Q4 25
$126.0M
$488.8M
Q3 25
$219.0M
$337.6M
Q2 25
$249.0M
$-87.4M
Q1 25
$73.0M
$238.9M
Q4 24
$124.0M
$295.6M
Q3 24
$204.0M
$241.8M
Q2 24
$207.0M
$53.3M
Q1 24
$176.0M
$55.9M
Free Cash Flow
CBT
CBT
STWD
STWD
Q4 25
$57.0M
Q3 25
$155.0M
Q2 25
$188.0M
Q1 25
$1.0M
Q4 24
$47.0M
Q3 24
$112.0M
Q2 24
$155.0M
Q1 24
$133.0M
FCF Margin
CBT
CBT
STWD
STWD
Q4 25
6.7%
Q3 25
17.2%
Q2 25
20.4%
Q1 25
0.1%
Q4 24
4.9%
Q3 24
11.2%
Q2 24
15.3%
Q1 24
13.1%
Capex Intensity
CBT
CBT
STWD
STWD
Q4 25
8.1%
Q3 25
7.1%
Q2 25
6.6%
Q1 25
7.7%
Q4 24
8.1%
Q3 24
9.2%
Q2 24
5.1%
Q1 24
4.2%
Cash Conversion
CBT
CBT
STWD
STWD
Q4 25
1.73×
5.04×
Q3 25
5.09×
4.65×
Q2 25
2.47×
-0.67×
Q1 25
0.78×
2.13×
Q4 24
1.33×
5.72×
Q3 24
1.49×
3.18×
Q2 24
1.90×
0.68×
Q1 24
2.10×
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBT
CBT

Reinforcement Materials$520.0M61%
Performance Chemicals$300.0M35%
Shipping And Handling$25.0M3%
Other Products And Services$4.0M0%

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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