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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) 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 $327.6M, roughly 1.5× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 19.7%, a 1.7% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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...

NMM vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.5× larger
STWD
$492.9M
$327.6M
NMM
Growing faster (revenue YoY)
STWD
STWD
+12.8% gap
STWD
8.5%
-4.3%
NMM
Higher net margin
NMM
NMM
1.7% more per $
NMM
21.4%
19.7%
STWD

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
STWD
STWD
Revenue
$327.6M
$492.9M
Net Profit
$69.9M
$96.9M
Gross Margin
90.5%
Operating Margin
26.6%
Net Margin
21.4%
19.7%
Revenue YoY
-4.3%
8.5%
Net Profit YoY
-31.1%
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
NMM
NMM
STWD
STWD
Q4 25
$492.9M
Q3 25
$488.9M
Q2 25
$327.6M
$444.3M
Q1 25
$418.2M
Q4 24
$454.4M
Q3 24
$479.5M
Q2 24
$342.2M
$489.8M
Q1 24
$523.1M
Net Profit
NMM
NMM
STWD
STWD
Q4 25
$96.9M
Q3 25
$72.6M
Q2 25
$69.9M
$129.8M
Q1 25
$112.3M
Q4 24
$51.6M
Q3 24
$76.1M
Q2 24
$101.5M
$77.9M
Q1 24
$154.3M
Gross Margin
NMM
NMM
STWD
STWD
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
STWD
STWD
Q4 25
26.6%
Q3 25
19.1%
Q2 25
30.5%
Q1 25
28.7%
Q4 24
15.1%
Q3 24
17.2%
Q2 24
19.1%
Q1 24
30.8%
Net Margin
NMM
NMM
STWD
STWD
Q4 25
19.7%
Q3 25
14.8%
Q2 25
21.4%
29.2%
Q1 25
26.8%
Q4 24
11.4%
Q3 24
15.9%
Q2 24
29.7%
15.9%
Q1 24
29.5%
EPS (diluted)
NMM
NMM
STWD
STWD
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
Q1 24
$0.48

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$377.0M
$499.5M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$6.8B
Total Assets
$5.9B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
STWD
STWD
Q4 25
$499.5M
Q3 25
$301.1M
Q2 25
$377.0M
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$272.0M
$259.3M
Q1 24
$327.4M
Total Debt
NMM
NMM
STWD
STWD
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
STWD
STWD
Q4 25
$6.8B
Q3 25
$6.9B
Q2 25
$6.4B
Q1 25
$6.4B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$6.2B
Q1 24
$6.3B
Total Assets
NMM
NMM
STWD
STWD
Q4 25
$63.2B
Q3 25
$62.4B
Q2 25
$5.9B
$62.4B
Q1 25
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$5.3B
$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
NMM
NMM
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
NMM
NMM
STWD
STWD
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
Q1 24
$55.9M
Cash Conversion
NMM
NMM
STWD
STWD
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×
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

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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