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Side-by-side financial comparison of STAR GROUP, L.P. (SGU) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STAR GROUP, L.P. is the larger business by last-quarter revenue ($539.3M vs $492.9M, roughly 1.1× STARWOOD PROPERTY TRUST, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 6.6%, a 13.0% gap on every dollar of revenue. On growth, STAR GROUP, L.P. posted the faster year-over-year revenue change (10.5% vs 8.5%).

Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is a global private equity firm that invests in corporate equity, real estate, credit, and other financial assets. The founder of Lone Star established its first fund in 1995 and Lone Star has to date organized 25 private equity funds with total capital commitments since inception of over $95 billion. Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, fo...

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...

SGU vs STWD — Head-to-Head

Bigger by revenue
SGU
SGU
1.1× larger
SGU
$539.3M
$492.9M
STWD
Growing faster (revenue YoY)
SGU
SGU
+2.0% gap
SGU
10.5%
8.5%
STWD
Higher net margin
STWD
STWD
13.0% more per $
STWD
19.7%
6.6%
SGU

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SGU
SGU
STWD
STWD
Revenue
$539.3M
$492.9M
Net Profit
$35.8M
$96.9M
Gross Margin
Operating Margin
10.1%
26.6%
Net Margin
6.6%
19.7%
Revenue YoY
10.5%
8.5%
Net Profit YoY
8.8%
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
SGU
SGU
STWD
STWD
Q4 25
$539.3M
$492.9M
Q3 25
$488.9M
Q2 25
$444.3M
Q1 25
$418.2M
Q4 24
$454.4M
Q3 24
$479.5M
Q2 24
$489.8M
Q1 24
$523.1M
Net Profit
SGU
SGU
STWD
STWD
Q4 25
$35.8M
$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
Q1 24
$154.3M
Operating Margin
SGU
SGU
STWD
STWD
Q4 25
10.1%
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
SGU
SGU
STWD
STWD
Q4 25
6.6%
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%
Q1 24
29.5%
EPS (diluted)
SGU
SGU
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
SGU
SGU
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$19.9M
$499.5M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$6.8B
Total Assets
$1.1B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SGU
SGU
STWD
STWD
Q4 25
$19.9M
$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
Total Debt
SGU
SGU
STWD
STWD
Q4 25
$254.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SGU
SGU
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
SGU
SGU
STWD
STWD
Q4 25
$1.1B
$63.2B
Q3 25
$62.4B
Q2 25
$62.4B
Q1 25
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$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
SGU
SGU
STWD
STWD
Operating Cash FlowLast quarter
$-55.2M
$488.8M
Free Cash FlowOCF − Capex
$-59.7M
FCF MarginFCF / Revenue
-11.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
-1.54×
5.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SGU
SGU
STWD
STWD
Q4 25
$-55.2M
$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
Free Cash Flow
SGU
SGU
STWD
STWD
Q4 25
$-59.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
SGU
SGU
STWD
STWD
Q4 25
-11.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
SGU
SGU
STWD
STWD
Q4 25
0.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
SGU
SGU
STWD
STWD
Q4 25
-1.54×
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

SGU
SGU

Home Heating Oil And Propane$372.6M69%
Motor Fuel And Other Petroleum Products$75.4M14%
Equipment Installations$39.6M7%
Equipment Maintenance Service Contracts$30.3M6%
Billable Call Services$21.4M4%

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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