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

iQIYI, Inc. is the larger business by last-quarter revenue ($971.6M vs $492.9M, roughly 2.0× STARWOOD PROPERTY TRUST, INC.).

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

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...

IQ vs STWD — Head-to-Head

Bigger by revenue
IQ
IQ
2.0× larger
IQ
$971.6M
$492.9M
STWD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IQ
IQ
STWD
STWD
Revenue
$971.6M
$492.9M
Net Profit
$96.9M
Gross Margin
Operating Margin
0.8%
26.6%
Net Margin
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
IQ
IQ
STWD
STWD
Q1 26
$971.6M
Q4 25
$492.9M
Q3 25
$488.9M
Q2 25
$444.3M
Q1 25
$906.0M
$418.2M
Q4 24
$454.4M
Q3 24
$479.5M
Q2 24
$489.8M
Net Profit
IQ
IQ
STWD
STWD
Q1 26
Q4 25
$96.9M
Q3 25
$72.6M
Q2 25
$129.8M
Q1 25
$112.3M
Q4 24
$51.6M
Q3 24
$76.1M
Q2 24
$77.9M
Operating Margin
IQ
IQ
STWD
STWD
Q1 26
0.8%
Q4 25
26.6%
Q3 25
19.1%
Q2 25
30.5%
Q1 25
4.3%
28.7%
Q4 24
15.1%
Q3 24
17.2%
Q2 24
19.1%
Net Margin
IQ
IQ
STWD
STWD
Q1 26
Q4 25
19.7%
Q3 25
14.8%
Q2 25
29.2%
Q1 25
26.8%
Q4 24
11.4%
Q3 24
15.9%
Q2 24
15.9%
EPS (diluted)
IQ
IQ
STWD
STWD
Q1 26
Q4 25
$0.25
Q3 25
$0.19
Q2 25
$0.38
Q1 25
$0.33
Q4 24
$0.15
Q3 24
$0.23
Q2 24
$0.24

Balance Sheet & Financial Strength

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

Metric
IQ
IQ
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$4.4M
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.3M
$6.8B
Total Assets
$46.7M
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
STWD
STWD
Q1 26
$4.4M
Q4 25
$499.5M
Q3 25
$301.1M
Q2 25
$259.9M
Q1 25
$3.5M
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Stockholders' Equity
IQ
IQ
STWD
STWD
Q1 26
$13.3M
Q4 25
$6.8B
Q3 25
$6.9B
Q2 25
$6.4B
Q1 25
$13.4M
$6.4B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$6.2B
Total Assets
IQ
IQ
STWD
STWD
Q1 26
$46.7M
Q4 25
$63.2B
Q3 25
$62.4B
Q2 25
$62.4B
Q1 25
$45.8M
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$64.1B

Cash Flow & Capital Efficiency

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

Metric
IQ
IQ
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
IQ
IQ
STWD
STWD
Q1 26
Q4 25
$488.8M
Q3 25
$337.6M
Q2 25
$-87.4M
Q1 25
$238.9M
Q4 24
$295.6M
Q3 24
$241.8M
Q2 24
$53.3M
Cash Conversion
IQ
IQ
STWD
STWD
Q1 26
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQ
IQ

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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