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Side-by-side financial comparison of LANDS' END, INC. (LE) 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 $317.5M, roughly 1.6× LANDS' END, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 1.6%, a 18.0% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 0.1%). Over the past eight quarters, LANDS' END, INC.'s revenue compounded faster (-0.9% CAGR vs -2.9%).

Lands' End, Inc. is an American retailer of clothing, baggage, and furniture which began as a mail-order yachting supply company in 1963 in Chicago. The company is named after Land's End; after promotional materials were printed, the founder noticed the typographical error in the location of the apostrophe, but could not afford to reprint the material. The company operates 26 domestic stores as of February 2024. Lands' End is headquartered in Dodgeville, Wisconsin.

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...

LE vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.6× larger
STWD
$492.9M
$317.5M
LE
Growing faster (revenue YoY)
STWD
STWD
+8.4% gap
STWD
8.5%
0.1%
LE
Higher net margin
STWD
STWD
18.0% more per $
STWD
19.7%
1.6%
LE
Faster 2-yr revenue CAGR
LE
LE
Annualised
LE
-0.9%
-2.9%
STWD

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LE
LE
STWD
STWD
Revenue
$317.5M
$492.9M
Net Profit
$5.2M
$96.9M
Gross Margin
51.8%
Operating Margin
5.3%
26.6%
Net Margin
1.6%
19.7%
Revenue YoY
0.1%
8.5%
Net Profit YoY
198.3%
87.7%
EPS (diluted)
$0.17
$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
LE
LE
STWD
STWD
Q4 25
$317.5M
$492.9M
Q3 25
$488.9M
Q2 25
$261.2M
$444.3M
Q1 25
$418.2M
Q4 24
$318.6M
$454.4M
Q3 24
$317.2M
$479.5M
Q2 24
$285.5M
$489.8M
Q1 24
$514.9M
$523.1M
Net Profit
LE
LE
STWD
STWD
Q4 25
$5.2M
$96.9M
Q3 25
$72.6M
Q2 25
$-8.3M
$129.8M
Q1 25
$112.3M
Q4 24
$-593.0K
$51.6M
Q3 24
$-5.3M
$76.1M
Q2 24
$-6.4M
$77.9M
Q1 24
$-8.6M
$154.3M
Gross Margin
LE
LE
STWD
STWD
Q4 25
51.8%
Q3 25
Q2 25
50.8%
Q1 25
Q4 24
50.6%
Q3 24
47.9%
Q2 24
48.7%
Q1 24
38.0%
Operating Margin
LE
LE
STWD
STWD
Q4 25
5.3%
26.6%
Q3 25
19.1%
Q2 25
-0.9%
30.5%
Q1 25
28.7%
Q4 24
2.9%
15.1%
Q3 24
0.8%
17.2%
Q2 24
0.8%
19.1%
Q1 24
1.6%
30.8%
Net Margin
LE
LE
STWD
STWD
Q4 25
1.6%
19.7%
Q3 25
14.8%
Q2 25
-3.2%
29.2%
Q1 25
26.8%
Q4 24
-0.2%
11.4%
Q3 24
-1.7%
15.9%
Q2 24
-2.3%
15.9%
Q1 24
-1.7%
29.5%
EPS (diluted)
LE
LE
STWD
STWD
Q4 25
$0.17
$0.25
Q3 25
$0.19
Q2 25
$-0.27
$0.38
Q1 25
$0.33
Q4 24
$-0.02
$0.15
Q3 24
$-0.17
$0.23
Q2 24
$-0.20
$0.24
Q1 24
$-0.27
$0.48

Balance Sheet & Financial Strength

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

Metric
LE
LE
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$36.3M
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$6.8B
Total Assets
$852.7M
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LE
LE
STWD
STWD
Q4 25
$36.3M
$499.5M
Q3 25
$301.1M
Q2 25
$18.1M
$259.9M
Q1 25
$440.6M
Q4 24
$30.4M
$377.8M
Q3 24
$25.6M
$357.9M
Q2 24
$27.4M
$259.3M
Q1 24
$25.3M
$327.4M
Stockholders' Equity
LE
LE
STWD
STWD
Q4 25
$231.0M
$6.8B
Q3 25
$6.9B
Q2 25
$230.1M
$6.4B
Q1 25
$6.4B
Q4 24
$223.6M
$6.4B
Q3 24
$226.5M
$6.5B
Q2 24
$234.6M
$6.2B
Q1 24
$241.6M
$6.3B
Total Assets
LE
LE
STWD
STWD
Q4 25
$852.7M
$63.2B
Q3 25
$62.4B
Q2 25
$760.5M
$62.4B
Q1 25
$62.2B
Q4 24
$843.6M
$62.6B
Q3 24
$802.5M
$64.2B
Q2 24
$800.1M
$64.1B
Q1 24
$811.5M
$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
LE
LE
STWD
STWD
Operating Cash FlowLast quarter
$-15.7M
$488.8M
Free Cash FlowOCF − Capex
$-22.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
-3.03×
5.04×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LE
LE
STWD
STWD
Q4 25
$-15.7M
$488.8M
Q3 25
$337.6M
Q2 25
$-22.5M
$-87.4M
Q1 25
$238.9M
Q4 24
$-17.1M
$295.6M
Q3 24
$30.7M
$241.8M
Q2 24
$-25.8M
$53.3M
Q1 24
$93.9M
$55.9M
Free Cash Flow
LE
LE
STWD
STWD
Q4 25
$-22.4M
Q3 25
Q2 25
$-30.7M
Q1 25
Q4 24
$-27.8M
Q3 24
$26.0M
Q2 24
$-32.6M
Q1 24
$87.5M
FCF Margin
LE
LE
STWD
STWD
Q4 25
-7.1%
Q3 25
Q2 25
-11.8%
Q1 25
Q4 24
-8.7%
Q3 24
8.2%
Q2 24
-11.4%
Q1 24
17.0%
Capex Intensity
LE
LE
STWD
STWD
Q4 25
2.1%
Q3 25
Q2 25
3.2%
Q1 25
Q4 24
3.3%
Q3 24
1.5%
Q2 24
2.4%
Q1 24
1.2%
Cash Conversion
LE
LE
STWD
STWD
Q4 25
-3.03×
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×
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LE
LE

U Se Commerce$179.8M57%
Business Outfitters Revenue$78.8M25%
Licensing And Retail$20.2M6%
Other$19.8M6%
Third Party$18.9M6%

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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