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Side-by-side financial comparison of Mueller Water Products, Inc. (MWA) 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 $318.2M, roughly 1.5× Mueller Water Products, Inc.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 13.6%, a 6.1% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 4.6%). Over the past eight quarters, STARWOOD PROPERTY TRUST, INC.'s revenue compounded faster (-2.9% CAGR vs -5.1%).

Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.

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...

MWA vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.5× larger
STWD
$492.9M
$318.2M
MWA
Growing faster (revenue YoY)
STWD
STWD
+3.9% gap
STWD
8.5%
4.6%
MWA
Higher net margin
STWD
STWD
6.1% more per $
STWD
19.7%
13.6%
MWA
Faster 2-yr revenue CAGR
STWD
STWD
Annualised
STWD
-2.9%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MWA
MWA
STWD
STWD
Revenue
$318.2M
$492.9M
Net Profit
$43.2M
$96.9M
Gross Margin
37.6%
Operating Margin
17.8%
26.6%
Net Margin
13.6%
19.7%
Revenue YoY
4.6%
8.5%
Net Profit YoY
22.4%
87.7%
EPS (diluted)
$0.27
$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
MWA
MWA
STWD
STWD
Q4 25
$318.2M
$492.9M
Q3 25
$380.8M
$488.9M
Q2 25
$380.3M
$444.3M
Q1 25
$364.3M
$418.2M
Q4 24
$304.3M
$454.4M
Q3 24
$348.2M
$479.5M
Q2 24
$356.7M
$489.8M
Q1 24
$353.4M
$523.1M
Net Profit
MWA
MWA
STWD
STWD
Q4 25
$43.2M
$96.9M
Q3 25
$52.6M
$72.6M
Q2 25
$52.5M
$129.8M
Q1 25
$51.3M
$112.3M
Q4 24
$35.3M
$51.6M
Q3 24
$10.0M
$76.1M
Q2 24
$47.3M
$77.9M
Q1 24
$44.3M
$154.3M
Gross Margin
MWA
MWA
STWD
STWD
Q4 25
37.6%
Q3 25
36.8%
Q2 25
38.3%
Q1 25
35.1%
Q4 24
33.8%
Q3 24
31.8%
Q2 24
36.8%
Q1 24
36.9%
Operating Margin
MWA
MWA
STWD
STWD
Q4 25
17.8%
26.6%
Q3 25
18.3%
19.1%
Q2 25
19.4%
30.5%
Q1 25
19.2%
28.7%
Q4 24
15.6%
15.1%
Q3 24
8.2%
17.2%
Q2 24
18.8%
19.1%
Q1 24
18.0%
30.8%
Net Margin
MWA
MWA
STWD
STWD
Q4 25
13.6%
19.7%
Q3 25
13.8%
14.8%
Q2 25
13.8%
29.2%
Q1 25
14.1%
26.8%
Q4 24
11.6%
11.4%
Q3 24
2.9%
15.9%
Q2 24
13.3%
15.9%
Q1 24
12.5%
29.5%
EPS (diluted)
MWA
MWA
STWD
STWD
Q4 25
$0.27
$0.25
Q3 25
$0.34
$0.19
Q2 25
$0.33
$0.38
Q1 25
$0.33
$0.33
Q4 24
$0.22
$0.15
Q3 24
$0.07
$0.23
Q2 24
$0.30
$0.24
Q1 24
$0.28
$0.48

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$6.8B
Total Assets
$1.8B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
STWD
STWD
Q4 25
$499.5M
Q3 25
$301.1M
Q2 25
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Q1 24
$327.4M
Stockholders' Equity
MWA
MWA
STWD
STWD
Q4 25
$1.0B
$6.8B
Q3 25
$981.7M
$6.9B
Q2 25
$929.0M
$6.4B
Q1 25
$873.6M
$6.4B
Q4 24
$834.1M
$6.4B
Q3 24
$810.1M
$6.5B
Q2 24
$791.6M
$6.2B
Q1 24
$754.5M
$6.3B
Total Assets
MWA
MWA
STWD
STWD
Q4 25
$1.8B
$63.2B
Q3 25
$1.8B
$62.4B
Q2 25
$1.7B
$62.4B
Q1 25
$1.7B
$62.2B
Q4 24
$1.6B
$62.6B
Q3 24
$1.6B
$64.2B
Q2 24
$1.6B
$64.1B
Q1 24
$1.5B
$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
MWA
MWA
STWD
STWD
Operating Cash FlowLast quarter
$61.2M
$488.8M
Free Cash FlowOCF − Capex
$44.0M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
1.42×
5.04×
TTM Free Cash FlowTrailing 4 quarters
$173.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
STWD
STWD
Q4 25
$61.2M
$488.8M
Q3 25
$83.5M
$337.6M
Q2 25
$67.4M
$-87.4M
Q1 25
$14.3M
$238.9M
Q4 24
$54.1M
$295.6M
Q3 24
$89.3M
$241.8M
Q2 24
$87.3M
$53.3M
Q1 24
$-5.7M
$55.9M
Free Cash Flow
MWA
MWA
STWD
STWD
Q4 25
$44.0M
Q3 25
$69.0M
Q2 25
$55.7M
Q1 25
$5.1M
Q4 24
$42.2M
Q3 24
$69.9M
Q2 24
$75.1M
Q1 24
$-15.8M
FCF Margin
MWA
MWA
STWD
STWD
Q4 25
13.8%
Q3 25
18.1%
Q2 25
14.6%
Q1 25
1.4%
Q4 24
13.9%
Q3 24
20.1%
Q2 24
21.1%
Q1 24
-4.5%
Capex Intensity
MWA
MWA
STWD
STWD
Q4 25
5.4%
Q3 25
3.8%
Q2 25
3.1%
Q1 25
2.5%
Q4 24
3.9%
Q3 24
5.6%
Q2 24
3.4%
Q1 24
2.9%
Cash Conversion
MWA
MWA
STWD
STWD
Q4 25
1.42×
5.04×
Q3 25
1.59×
4.65×
Q2 25
1.28×
-0.67×
Q1 25
0.28×
2.13×
Q4 24
1.53×
5.72×
Q3 24
8.93×
3.18×
Q2 24
1.85×
0.68×
Q1 24
-0.13×
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MWA
MWA

Water Flow Solutions$173.0M54%
Water Management Solutions$145.2M46%

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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