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Side-by-side financial comparison of SM Energy Co (SM) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $492.9M, roughly 1.4× STARWOOD PROPERTY TRUST, INC.). On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs -2.9%).

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

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...

SM vs STWD — Head-to-Head

Bigger by revenue
SM
SM
1.4× larger
SM
$704.9M
$492.9M
STWD
Growing faster (revenue YoY)
STWD
STWD
+25.7% gap
STWD
8.5%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
-2.9%
STWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SM
SM
STWD
STWD
Revenue
$704.9M
$492.9M
Net Profit
$96.9M
Gross Margin
Operating Margin
25.9%
26.6%
Net Margin
19.7%
Revenue YoY
-17.3%
8.5%
Net Profit YoY
87.7%
EPS (diluted)
$0.94
$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
SM
SM
STWD
STWD
Q4 25
$704.9M
$492.9M
Q3 25
$811.6M
$488.9M
Q2 25
$792.9M
$444.3M
Q1 25
$844.5M
$418.2M
Q4 24
$852.0M
$454.4M
Q3 24
$643.6M
$479.5M
Q2 24
$634.6M
$489.8M
Q1 24
$559.9M
$523.1M
Net Profit
SM
SM
STWD
STWD
Q4 25
$96.9M
Q3 25
$155.1M
$72.6M
Q2 25
$201.7M
$129.8M
Q1 25
$182.3M
$112.3M
Q4 24
$51.6M
Q3 24
$240.5M
$76.1M
Q2 24
$210.3M
$77.9M
Q1 24
$131.2M
$154.3M
Operating Margin
SM
SM
STWD
STWD
Q4 25
25.9%
26.6%
Q3 25
30.4%
19.1%
Q2 25
37.2%
30.5%
Q1 25
32.7%
28.7%
Q4 24
33.7%
15.1%
Q3 24
51.4%
17.2%
Q2 24
44.0%
19.1%
Q1 24
31.9%
30.8%
Net Margin
SM
SM
STWD
STWD
Q4 25
19.7%
Q3 25
19.1%
14.8%
Q2 25
25.4%
29.2%
Q1 25
21.6%
26.8%
Q4 24
11.4%
Q3 24
37.4%
15.9%
Q2 24
33.1%
15.9%
Q1 24
23.4%
29.5%
EPS (diluted)
SM
SM
STWD
STWD
Q4 25
$0.94
$0.25
Q3 25
$1.35
$0.19
Q2 25
$1.76
$0.38
Q1 25
$1.59
$0.33
Q4 24
$1.63
$0.15
Q3 24
$2.09
$0.23
Q2 24
$1.82
$0.24
Q1 24
$1.13
$0.48

Balance Sheet & Financial Strength

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

Metric
SM
SM
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$368.0M
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.8B
$6.8B
Total Assets
$9.3B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SM
SM
STWD
STWD
Q4 25
$368.0M
$499.5M
Q3 25
$162.3M
$301.1M
Q2 25
$101.9M
$259.9M
Q1 25
$54.0K
$440.6M
Q4 24
$377.8M
Q3 24
$1.7B
$357.9M
Q2 24
$487.9M
$259.3M
Q1 24
$506.3M
$327.4M
Stockholders' Equity
SM
SM
STWD
STWD
Q4 25
$4.8B
$6.8B
Q3 25
$4.7B
$6.9B
Q2 25
$4.6B
$6.4B
Q1 25
$4.4B
$6.4B
Q4 24
$4.2B
$6.4B
Q3 24
$4.1B
$6.5B
Q2 24
$3.8B
$6.2B
Q1 24
$3.7B
$6.3B
Total Assets
SM
SM
STWD
STWD
Q4 25
$9.3B
$63.2B
Q3 25
$9.1B
$62.4B
Q2 25
$9.0B
$62.4B
Q1 25
$8.8B
$62.2B
Q4 24
$8.6B
$62.6B
Q3 24
$8.0B
$64.2B
Q2 24
$6.7B
$64.1B
Q1 24
$6.4B
$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
SM
SM
STWD
STWD
Operating Cash FlowLast quarter
$451.9M
$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
SM
SM
STWD
STWD
Q4 25
$451.9M
$488.8M
Q3 25
$505.0M
$337.6M
Q2 25
$571.1M
$-87.4M
Q1 25
$483.0M
$238.9M
Q4 24
$578.4M
$295.6M
Q3 24
$452.3M
$241.8M
Q2 24
$476.4M
$53.3M
Q1 24
$276.0M
$55.9M
Cash Conversion
SM
SM
STWD
STWD
Q4 25
5.04×
Q3 25
3.26×
4.65×
Q2 25
2.83×
-0.67×
Q1 25
2.65×
2.13×
Q4 24
5.72×
Q3 24
1.88×
3.18×
Q2 24
2.27×
0.68×
Q1 24
2.10×
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SM
SM

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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