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Side-by-side financial comparison of Dorman Products, Inc. (DORM) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

Dorman Products, Inc. is the larger business by last-quarter revenue ($537.9M vs $492.9M, roughly 1.1× STARWOOD PROPERTY TRUST, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 2.1%, a 17.5% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 0.8%). Over the past eight quarters, Dorman Products, Inc.'s revenue compounded faster (7.1% CAGR vs -2.9%).

Dorman Products is an American manufacturer of aftermarket automotive products in the United States. The company was founded in 1918. The company trades on the NASDAQ under the ticker DORM. The company is headquartered in Colmar, Pennsylvania.

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...

DORM vs STWD — Head-to-Head

Bigger by revenue
DORM
DORM
1.1× larger
DORM
$537.9M
$492.9M
STWD
Growing faster (revenue YoY)
STWD
STWD
+7.7% gap
STWD
8.5%
0.8%
DORM
Higher net margin
STWD
STWD
17.5% more per $
STWD
19.7%
2.1%
DORM
Faster 2-yr revenue CAGR
DORM
DORM
Annualised
DORM
7.1%
-2.9%
STWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DORM
DORM
STWD
STWD
Revenue
$537.9M
$492.9M
Net Profit
$11.6M
$96.9M
Gross Margin
42.6%
Operating Margin
5.8%
26.6%
Net Margin
2.1%
19.7%
Revenue YoY
0.8%
8.5%
Net Profit YoY
-78.8%
87.7%
EPS (diluted)
$0.38
$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
DORM
DORM
STWD
STWD
Q4 25
$537.9M
$492.9M
Q3 25
$543.7M
$488.9M
Q2 25
$541.0M
$444.3M
Q1 25
$507.7M
$418.2M
Q4 24
$533.8M
$454.4M
Q3 24
$503.8M
$479.5M
Q2 24
$503.0M
$489.8M
Q1 24
$468.7M
$523.1M
Net Profit
DORM
DORM
STWD
STWD
Q4 25
$11.6M
$96.9M
Q3 25
$76.4M
$72.6M
Q2 25
$58.7M
$129.8M
Q1 25
$57.5M
$112.3M
Q4 24
$54.5M
$51.6M
Q3 24
$55.3M
$76.1M
Q2 24
$47.4M
$77.9M
Q1 24
$32.8M
$154.3M
Gross Margin
DORM
DORM
STWD
STWD
Q4 25
42.6%
Q3 25
44.4%
Q2 25
40.6%
Q1 25
40.9%
Q4 24
41.5%
Q3 24
40.5%
Q2 24
39.6%
Q1 24
38.7%
Operating Margin
DORM
DORM
STWD
STWD
Q4 25
5.8%
26.6%
Q3 25
19.4%
19.1%
Q2 25
15.2%
30.5%
Q1 25
15.8%
28.7%
Q4 24
16.3%
15.1%
Q3 24
15.7%
17.2%
Q2 24
14.4%
19.1%
Q1 24
11.6%
30.8%
Net Margin
DORM
DORM
STWD
STWD
Q4 25
2.1%
19.7%
Q3 25
14.1%
14.8%
Q2 25
10.9%
29.2%
Q1 25
11.3%
26.8%
Q4 24
10.2%
11.4%
Q3 24
11.0%
15.9%
Q2 24
9.4%
15.9%
Q1 24
7.0%
29.5%
EPS (diluted)
DORM
DORM
STWD
STWD
Q4 25
$0.38
$0.25
Q3 25
$2.48
$0.19
Q2 25
$1.91
$0.38
Q1 25
$1.87
$0.33
Q4 24
$1.76
$0.15
Q3 24
$1.80
$0.23
Q2 24
$1.53
$0.24
Q1 24
$1.05
$0.48

Balance Sheet & Financial Strength

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

Metric
DORM
DORM
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$49.4M
$499.5M
Total DebtLower is stronger
$440.6M
Stockholders' EquityBook value
$1.5B
$6.8B
Total Assets
$2.5B
$63.2B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DORM
DORM
STWD
STWD
Q4 25
$49.4M
$499.5M
Q3 25
$55.5M
$301.1M
Q2 25
$56.8M
$259.9M
Q1 25
$60.6M
$440.6M
Q4 24
$57.1M
$377.8M
Q3 24
$45.1M
$357.9M
Q2 24
$47.5M
$259.3M
Q1 24
$34.4M
$327.4M
Total Debt
DORM
DORM
STWD
STWD
Q4 25
$440.6M
Q3 25
Q2 25
Q1 25
Q4 24
$468.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DORM
DORM
STWD
STWD
Q4 25
$1.5B
$6.8B
Q3 25
$1.5B
$6.9B
Q2 25
$1.4B
$6.4B
Q1 25
$1.3B
$6.4B
Q4 24
$1.3B
$6.4B
Q3 24
$1.2B
$6.5B
Q2 24
$1.2B
$6.2B
Q1 24
$1.2B
$6.3B
Total Assets
DORM
DORM
STWD
STWD
Q4 25
$2.5B
$63.2B
Q3 25
$2.6B
$62.4B
Q2 25
$2.5B
$62.4B
Q1 25
$2.4B
$62.2B
Q4 24
$2.4B
$62.6B
Q3 24
$2.4B
$64.2B
Q2 24
$2.3B
$64.1B
Q1 24
$2.2B
$66.2B
Debt / Equity
DORM
DORM
STWD
STWD
Q4 25
0.30×
Q3 25
Q2 25
Q1 25
Q4 24
0.36×
Q3 24
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
DORM
DORM
STWD
STWD
Operating Cash FlowLast quarter
$41.6M
$488.8M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
3.60×
5.04×
TTM Free Cash FlowTrailing 4 quarters
$75.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DORM
DORM
STWD
STWD
Q4 25
$41.6M
$488.8M
Q3 25
$12.2M
$337.6M
Q2 25
$8.5M
$-87.4M
Q1 25
$51.2M
$238.9M
Q4 24
$71.4M
$295.6M
Q3 24
$44.3M
$241.8M
Q2 24
$63.3M
$53.3M
Q1 24
$52.0M
$55.9M
Free Cash Flow
DORM
DORM
STWD
STWD
Q4 25
$33.5M
Q3 25
$1.8M
Q2 25
$98.0K
Q1 25
$40.3M
Q4 24
$63.2M
Q3 24
$35.7M
Q2 24
$51.4M
Q1 24
$41.2M
FCF Margin
DORM
DORM
STWD
STWD
Q4 25
6.2%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
7.9%
Q4 24
11.8%
Q3 24
7.1%
Q2 24
10.2%
Q1 24
8.8%
Capex Intensity
DORM
DORM
STWD
STWD
Q4 25
1.5%
Q3 25
1.9%
Q2 25
1.6%
Q1 25
2.2%
Q4 24
1.5%
Q3 24
1.7%
Q2 24
2.4%
Q1 24
2.3%
Cash Conversion
DORM
DORM
STWD
STWD
Q4 25
3.60×
5.04×
Q3 25
0.16×
4.65×
Q2 25
0.15×
-0.67×
Q1 25
0.89×
2.13×
Q4 24
1.31×
5.72×
Q3 24
0.80×
3.18×
Q2 24
1.34×
0.68×
Q1 24
1.58×
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DORM
DORM

Light Duty$428.6M80%
Heavy Duty$55.8M10%
Specialty Vehicle$53.5M10%

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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