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Side-by-side financial comparison of MANHATTAN ASSOCIATES INC (MANH) 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 $270.4M, roughly 1.8× MANHATTAN ASSOCIATES INC). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 19.2%, a 0.4% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 5.7%). Over the past eight quarters, MANHATTAN ASSOCIATES INC's revenue compounded faster (3.1% CAGR vs -2.9%).
Computer Associates International, Inc., later CA, Inc., and CA Technologies, Inc., was an American multinational enterprise software developer and publisher that existed from 1976 to 2018. CA grew to rank as one of the largest independent software corporations in the world, and at one point was the second largest. The company created systems software that ran in IBM mainframe, distributed computing, virtual machine, and cloud computing environments.
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...
MANH vs STWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $492.9M |
| Net Profit | $52.0M | $96.9M |
| Gross Margin | 55.0% | — |
| Operating Margin | 24.8% | 26.6% |
| Net Margin | 19.2% | 19.7% |
| Revenue YoY | 5.7% | 8.5% |
| Net Profit YoY | 8.2% | 87.7% |
| EPS (diluted) | $0.86 | $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.
| Q4 25 | $270.4M | $492.9M | ||
| Q3 25 | $275.8M | $488.9M | ||
| Q2 25 | $272.4M | $444.3M | ||
| Q1 25 | $262.8M | $418.2M | ||
| Q4 24 | $255.8M | $454.4M | ||
| Q3 24 | $266.7M | $479.5M | ||
| Q2 24 | $265.3M | $489.8M | ||
| Q1 24 | $254.6M | $523.1M |
| Q4 25 | $52.0M | $96.9M | ||
| Q3 25 | $58.6M | $72.6M | ||
| Q2 25 | $56.8M | $129.8M | ||
| Q1 25 | $52.6M | $112.3M | ||
| Q4 24 | $48.0M | $51.6M | ||
| Q3 24 | $63.8M | $76.1M | ||
| Q2 24 | $52.8M | $77.9M | ||
| Q1 24 | $53.8M | $154.3M |
| Q4 25 | 55.0% | — | ||
| Q3 25 | 56.6% | — | ||
| Q2 25 | 57.3% | — | ||
| Q1 25 | 56.4% | — | ||
| Q4 24 | 55.8% | — | ||
| Q3 24 | 55.5% | — | ||
| Q2 24 | 54.8% | — | ||
| Q1 24 | 53.1% | — |
| Q4 25 | 24.8% | 26.6% | ||
| Q3 25 | 27.5% | 19.1% | ||
| Q2 25 | 27.1% | 30.5% | ||
| Q1 25 | 24.0% | 28.7% | ||
| Q4 24 | 23.7% | 15.1% | ||
| Q3 24 | 28.2% | 17.2% | ||
| Q2 24 | 25.7% | 19.1% | ||
| Q1 24 | 22.6% | 30.8% |
| Q4 25 | 19.2% | 19.7% | ||
| Q3 25 | 21.3% | 14.8% | ||
| Q2 25 | 20.8% | 29.2% | ||
| Q1 25 | 20.0% | 26.8% | ||
| Q4 24 | 18.8% | 11.4% | ||
| Q3 24 | 23.9% | 15.9% | ||
| Q2 24 | 19.9% | 15.9% | ||
| Q1 24 | 21.1% | 29.5% |
| Q4 25 | $0.86 | $0.25 | ||
| Q3 25 | $0.96 | $0.19 | ||
| Q2 25 | $0.93 | $0.38 | ||
| Q1 25 | $0.85 | $0.33 | ||
| Q4 24 | $0.77 | $0.15 | ||
| Q3 24 | $1.03 | $0.23 | ||
| Q2 24 | $0.85 | $0.24 | ||
| Q1 24 | $0.86 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $328.7M | $499.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $314.8M | $6.8B |
| Total Assets | $839.4M | $63.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $328.7M | $499.5M | ||
| Q3 25 | $263.6M | $301.1M | ||
| Q2 25 | $230.6M | $259.9M | ||
| Q1 25 | $205.9M | $440.6M | ||
| Q4 24 | $266.2M | $377.8M | ||
| Q3 24 | $215.0M | $357.9M | ||
| Q2 24 | $202.7M | $259.3M | ||
| Q1 24 | $207.5M | $327.4M |
| Q4 25 | $314.8M | $6.8B | ||
| Q3 25 | $309.2M | $6.9B | ||
| Q2 25 | $278.8M | $6.4B | ||
| Q1 25 | $245.1M | $6.4B | ||
| Q4 24 | $299.1M | $6.4B | ||
| Q3 24 | $278.0M | $6.5B | ||
| Q2 24 | $240.6M | $6.2B | ||
| Q1 24 | $239.6M | $6.3B |
| Q4 25 | $839.4M | $63.2B | ||
| Q3 25 | $768.8M | $62.4B | ||
| Q2 25 | $744.7M | $62.4B | ||
| Q1 25 | $708.2M | $62.2B | ||
| Q4 24 | $757.6M | $62.6B | ||
| Q3 24 | $698.1M | $64.2B | ||
| Q2 24 | $665.3M | $64.1B | ||
| Q1 24 | $674.8M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $147.1M | $488.8M |
| Free Cash FlowOCF − Capex | $142.4M | — |
| FCF MarginFCF / Revenue | 52.7% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 2.83× | 5.04× |
| TTM Free Cash FlowTrailing 4 quarters | $374.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $147.1M | $488.8M | ||
| Q3 25 | $93.1M | $337.6M | ||
| Q2 25 | $74.0M | $-87.4M | ||
| Q1 25 | $75.3M | $238.9M | ||
| Q4 24 | $104.7M | $295.6M | ||
| Q3 24 | $62.3M | $241.8M | ||
| Q2 24 | $73.3M | $53.3M | ||
| Q1 24 | $54.7M | $55.9M |
| Q4 25 | $142.4M | — | ||
| Q3 25 | $87.2M | — | ||
| Q2 25 | $70.1M | — | ||
| Q1 25 | $74.4M | — | ||
| Q4 24 | $101.6M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $71.0M | — | ||
| Q1 24 | $52.4M | — |
| Q4 25 | 52.7% | — | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 25.7% | — | ||
| Q1 25 | 28.3% | — | ||
| Q4 24 | 39.7% | — | ||
| Q3 24 | 23.0% | — | ||
| Q2 24 | 26.8% | — | ||
| Q1 24 | 20.6% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 2.83× | 5.04× | ||
| Q3 25 | 1.59× | 4.65× | ||
| Q2 25 | 1.30× | -0.67× | ||
| Q1 25 | 1.43× | 2.13× | ||
| Q4 24 | 2.18× | 5.72× | ||
| Q3 24 | 0.98× | 3.18× | ||
| Q2 24 | 1.39× | 0.68× | ||
| Q1 24 | 1.02× | 0.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MANH
| Service Other | $120.0M | 44% |
| Cloud Subscriptions | $108.6M | 40% |
| Maintenance | $32.3M | 12% |
| Hardware | $6.9M | 3% |
| License And Maintenance | $2.6M | 1% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
