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Side-by-side financial comparison of Indivior Pharmaceuticals, Inc. (INDV) 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 $357.0M, roughly 1.4× Indivior Pharmaceuticals, Inc.). Indivior Pharmaceuticals, Inc. runs the higher net margin — 28.9% vs 19.7%, a 9.2% gap on every dollar of revenue.

Indivior is a global specialty pharmaceutical company dedicated to developing and commercializing evidence-based treatments for substance use disorders such as opioid use disorder and alcohol dependence, as well as related mental health conditions. Its primary operating markets are North America and Europe, with a portfolio of approved therapies targeting unmet medical needs for underserved patient groups.

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...

INDV vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.4× larger
STWD
$492.9M
$357.0M
INDV
Higher net margin
INDV
INDV
9.2% more per $
INDV
28.9%
19.7%
STWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INDV
INDV
STWD
STWD
Revenue
$357.0M
$492.9M
Net Profit
$103.0M
$96.9M
Gross Margin
82.1%
Operating Margin
22.7%
26.6%
Net Margin
28.9%
19.7%
Revenue YoY
8.5%
Net Profit YoY
390.5%
87.7%
EPS (diluted)
$0.79
$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
INDV
INDV
STWD
STWD
Q4 25
$357.0M
$492.9M
Q3 25
$314.0M
$488.9M
Q2 25
$302.0M
$444.3M
Q1 25
$266.0M
$418.2M
Q4 24
$454.4M
Q3 24
$307.0M
$479.5M
Q2 24
$299.0M
$489.8M
Q1 24
$523.1M
Net Profit
INDV
INDV
STWD
STWD
Q4 25
$103.0M
$96.9M
Q3 25
$42.0M
$72.6M
Q2 25
$18.0M
$129.8M
Q1 25
$47.0M
$112.3M
Q4 24
$51.6M
Q3 24
$22.0M
$76.1M
Q2 24
$-97.0M
$77.9M
Q1 24
$154.3M
Gross Margin
INDV
INDV
STWD
STWD
Q4 25
82.1%
Q3 25
73.2%
Q2 25
82.8%
Q1 25
83.1%
Q4 24
Q3 24
78.5%
Q2 24
73.6%
Q1 24
Operating Margin
INDV
INDV
STWD
STWD
Q4 25
22.7%
26.6%
Q3 25
13.7%
19.1%
Q2 25
23.8%
30.5%
Q1 25
24.8%
28.7%
Q4 24
15.1%
Q3 24
11.4%
17.2%
Q2 24
-39.5%
19.1%
Q1 24
30.8%
Net Margin
INDV
INDV
STWD
STWD
Q4 25
28.9%
19.7%
Q3 25
13.4%
14.8%
Q2 25
6.0%
29.2%
Q1 25
17.7%
26.8%
Q4 24
11.4%
Q3 24
7.2%
15.9%
Q2 24
-32.4%
15.9%
Q1 24
29.5%
EPS (diluted)
INDV
INDV
STWD
STWD
Q4 25
$0.79
$0.25
Q3 25
$0.33
$0.19
Q2 25
$0.14
$0.38
Q1 25
$0.38
$0.33
Q4 24
$0.15
Q3 24
$0.16
$0.23
Q2 24
$-0.72
$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
INDV
INDV
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$195.0M
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-98.0M
$6.8B
Total Assets
$1.2B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDV
INDV
STWD
STWD
Q4 25
$195.0M
$499.5M
Q3 25
$445.0M
$301.1M
Q2 25
$510.0M
$259.9M
Q1 25
$373.0M
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Q1 24
$327.4M
Stockholders' Equity
INDV
INDV
STWD
STWD
Q4 25
$-98.0M
$6.8B
Q3 25
$-207.0M
$6.9B
Q2 25
$-257.0M
$6.4B
Q1 25
$-285.0M
$6.4B
Q4 24
$6.4B
Q3 24
$-310.0M
$6.5B
Q2 24
$-281.0M
$6.2B
Q1 24
$6.3B
Total Assets
INDV
INDV
STWD
STWD
Q4 25
$1.2B
$63.2B
Q3 25
$1.4B
$62.4B
Q2 25
$1.5B
$62.4B
Q1 25
$1.4B
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$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
INDV
INDV
STWD
STWD
Operating Cash FlowLast quarter
$-221.0M
$488.8M
Free Cash FlowOCF − Capex
$-245.0M
FCF MarginFCF / Revenue
-68.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
-2.15×
5.04×
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDV
INDV
STWD
STWD
Q4 25
$-221.0M
$488.8M
Q3 25
$-39.0M
$337.6M
Q2 25
$158.0M
$-87.4M
Q1 25
$75.0M
$238.9M
Q4 24
$295.6M
Q3 24
$2.0M
$241.8M
Q2 24
$88.0M
$53.3M
Q1 24
$55.9M
Free Cash Flow
INDV
INDV
STWD
STWD
Q4 25
$-245.0M
Q3 25
$-59.0M
Q2 25
$141.0M
Q1 25
$70.0M
Q4 24
Q3 24
$-5.0M
Q2 24
$84.0M
Q1 24
FCF Margin
INDV
INDV
STWD
STWD
Q4 25
-68.6%
Q3 25
-18.8%
Q2 25
46.7%
Q1 25
26.3%
Q4 24
Q3 24
-1.6%
Q2 24
28.1%
Q1 24
Capex Intensity
INDV
INDV
STWD
STWD
Q4 25
6.7%
Q3 25
6.4%
Q2 25
5.6%
Q1 25
1.9%
Q4 24
Q3 24
2.3%
Q2 24
1.3%
Q1 24
Cash Conversion
INDV
INDV
STWD
STWD
Q4 25
-2.15×
5.04×
Q3 25
-0.93×
4.65×
Q2 25
8.78×
-0.67×
Q1 25
1.60×
2.13×
Q4 24
5.72×
Q3 24
0.09×
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

INDV
INDV

Sublocade$233.0M65%
Sublingual And Other$69.0M19%
Other$49.0M14%
Perseris$6.0M2%

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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