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Side-by-side financial comparison of STARWOOD PROPERTY TRUST, INC. (STWD) and Trip.com Group Ltd (TCOM). 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 $304.6M, roughly 1.6× Trip.com Group Ltd). Trip.com Group Ltd runs the higher net margin — 27.8% vs 19.7%, a 8.1% gap on every dollar of revenue.

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...

Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world.

STWD vs TCOM — Head-to-Head

Bigger by revenue
STWD
STWD
1.6× larger
STWD
$492.9M
$304.6M
TCOM
Higher net margin
TCOM
TCOM
8.1% more per $
TCOM
27.8%
19.7%
STWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STWD
STWD
TCOM
TCOM
Revenue
$492.9M
$304.6M
Net Profit
$96.9M
$84.6M
Gross Margin
78.8%
Operating Margin
26.6%
16.5%
Net Margin
19.7%
27.8%
Revenue YoY
8.5%
Net Profit YoY
87.7%
EPS (diluted)
$0.25
$0.12

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
STWD
STWD
TCOM
TCOM
Q4 25
$492.9M
$304.6M
Q3 25
$488.9M
Q2 25
$444.3M
Q1 25
$418.2M
Q4 24
$454.4M
Q3 24
$479.5M
Q2 24
$489.8M
$242.7M
Q1 24
$523.1M
Net Profit
STWD
STWD
TCOM
TCOM
Q4 25
$96.9M
$84.6M
Q3 25
$72.6M
Q2 25
$129.8M
Q1 25
$112.3M
Q4 24
$51.6M
Q3 24
$76.1M
Q2 24
$77.9M
$73.8M
Q1 24
$154.3M
Gross Margin
STWD
STWD
TCOM
TCOM
Q4 25
78.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
81.8%
Q1 24
Operating Margin
STWD
STWD
TCOM
TCOM
Q4 25
26.6%
16.5%
Q3 25
19.1%
Q2 25
30.5%
Q1 25
28.7%
Q4 24
15.1%
Q3 24
17.2%
Q2 24
19.1%
27.8%
Q1 24
30.8%
Net Margin
STWD
STWD
TCOM
TCOM
Q4 25
19.7%
27.8%
Q3 25
14.8%
Q2 25
29.2%
Q1 25
26.8%
Q4 24
11.4%
Q3 24
15.9%
Q2 24
15.9%
30.4%
Q1 24
29.5%
EPS (diluted)
STWD
STWD
TCOM
TCOM
Q4 25
$0.25
$0.12
Q3 25
$0.19
Q2 25
$0.38
Q1 25
$0.33
Q4 24
$0.15
Q3 24
$0.23
Q2 24
$0.24
$0.11
Q1 24
$0.48

Balance Sheet & Financial Strength

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

Metric
STWD
STWD
TCOM
TCOM
Cash + ST InvestmentsLiquidity on hand
$499.5M
$10.8B
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$6.8B
$23.8B
Total Assets
$63.2B
$36.9B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STWD
STWD
TCOM
TCOM
Q4 25
$499.5M
$10.8B
Q3 25
$301.1M
Q2 25
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
$12.4B
Q1 24
$327.4M
Total Debt
STWD
STWD
TCOM
TCOM
Q4 25
$4.2B
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$8.2B
Q1 24
Stockholders' Equity
STWD
STWD
TCOM
TCOM
Q4 25
$6.8B
$23.8B
Q3 25
$6.9B
Q2 25
$6.4B
Q1 25
$6.4B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$6.2B
$18.1B
Q1 24
$6.3B
Total Assets
STWD
STWD
TCOM
TCOM
Q4 25
$63.2B
$36.9B
Q3 25
$62.4B
Q2 25
$62.4B
Q1 25
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$64.1B
$34.2B
Q1 24
$66.2B
Debt / Equity
STWD
STWD
TCOM
TCOM
Q4 25
0.18×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.45×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
STWD
STWD
TCOM
TCOM
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
STWD
STWD
TCOM
TCOM
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
STWD
STWD
TCOM
TCOM
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

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

TCOM
TCOM

Others$273.0M90%
Other$31.6M10%

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