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Side-by-side financial comparison of STARWOOD PROPERTY TRUST, INC. (STWD) and Titan Machinery Inc. (TITN). Click either name above to swap in a different company.

Titan Machinery Inc. is the larger business by last-quarter revenue ($644.5M vs $492.9M, roughly 1.3× STARWOOD PROPERTY TRUST, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 0.2%, a 19.5% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs -5.2%). Over the past eight quarters, STARWOOD PROPERTY TRUST, INC.'s revenue compounded faster (-2.9% CAGR vs -13.0%).

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...

Titan Machinery, Inc. is one of the largest dealers of agricultural and construction equipment and claims to be the largest dealer for the CNH Industrial brands in the world. It is based in West Fargo, North Dakota and has locations throughout the Midwestern United States, Australia, Austria, Bulgaria, Germany, Romania and Ukraine. The company is publicly traded on NASDAQ using the symbol TITN. As of 2023, the company reported a total revenue of US$2.209 billion.

STWD vs TITN — Head-to-Head

Bigger by revenue
TITN
TITN
1.3× larger
TITN
$644.5M
$492.9M
STWD
Growing faster (revenue YoY)
STWD
STWD
+13.7% gap
STWD
8.5%
-5.2%
TITN
Higher net margin
STWD
STWD
19.5% more per $
STWD
19.7%
0.2%
TITN
Faster 2-yr revenue CAGR
STWD
STWD
Annualised
STWD
-2.9%
-13.0%
TITN

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
STWD
STWD
TITN
TITN
Revenue
$492.9M
$644.5M
Net Profit
$96.9M
$1.2M
Gross Margin
17.2%
Operating Margin
26.6%
1.6%
Net Margin
19.7%
0.2%
Revenue YoY
8.5%
-5.2%
Net Profit YoY
87.7%
-30.1%
EPS (diluted)
$0.25
$0.05

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
TITN
TITN
Q4 25
$492.9M
$644.5M
Q3 25
$488.9M
$546.4M
Q2 25
$444.3M
$594.3M
Q1 25
$418.2M
$759.9M
Q4 24
$454.4M
$679.8M
Q3 24
$479.5M
$633.7M
Q2 24
$489.8M
$628.7M
Q1 24
$523.1M
$852.1M
Net Profit
STWD
STWD
TITN
TITN
Q4 25
$96.9M
$1.2M
Q3 25
$72.6M
$-6.0M
Q2 25
$129.8M
$-13.2M
Q1 25
$112.3M
$-43.8M
Q4 24
$51.6M
$1.7M
Q3 24
$76.1M
$-4.3M
Q2 24
$77.9M
$9.4M
Q1 24
$154.3M
$24.0M
Gross Margin
STWD
STWD
TITN
TITN
Q4 25
17.2%
Q3 25
17.1%
Q2 25
15.3%
Q1 25
6.7%
Q4 24
16.3%
Q3 24
17.7%
Q2 24
19.4%
Q1 24
16.6%
Operating Margin
STWD
STWD
TITN
TITN
Q4 25
26.6%
1.6%
Q3 25
19.1%
0.1%
Q2 25
30.5%
-1.0%
Q1 25
28.7%
-6.0%
Q4 24
15.1%
1.7%
Q3 24
17.2%
2.5%
Q2 24
19.1%
3.6%
Q1 24
30.8%
4.8%
Net Margin
STWD
STWD
TITN
TITN
Q4 25
19.7%
0.2%
Q3 25
14.8%
-1.1%
Q2 25
29.2%
-2.2%
Q1 25
26.8%
-5.8%
Q4 24
11.4%
0.3%
Q3 24
15.9%
-0.7%
Q2 24
15.9%
1.5%
Q1 24
29.5%
2.8%
EPS (diluted)
STWD
STWD
TITN
TITN
Q4 25
$0.25
$0.05
Q3 25
$0.19
$-0.26
Q2 25
$0.38
$-0.58
Q1 25
$0.33
$-1.92
Q4 24
$0.15
$0.07
Q3 24
$0.23
$-0.19
Q2 24
$0.24
$0.41
Q1 24
$0.48
$1.04

Balance Sheet & Financial Strength

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

Metric
STWD
STWD
TITN
TITN
Cash + ST InvestmentsLiquidity on hand
$499.5M
Total DebtLower is stronger
$176.6M
Stockholders' EquityBook value
$6.8B
$612.6M
Total Assets
$63.2B
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STWD
STWD
TITN
TITN
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
Total Debt
STWD
STWD
TITN
TITN
Q4 25
$176.6M
Q3 25
$164.5M
Q2 25
$165.3M
Q1 25
$168.7M
Q4 24
$140.6M
Q3 24
$126.6M
Q2 24
$119.3M
Q1 24
$120.1M
Stockholders' Equity
STWD
STWD
TITN
TITN
Q4 25
$6.8B
$612.6M
Q3 25
$6.9B
$610.3M
Q2 25
$6.4B
$605.4M
Q1 25
$6.4B
$614.1M
Q4 24
$6.4B
$668.2M
Q3 24
$6.5B
$659.6M
Q2 24
$6.2B
$662.6M
Q1 24
$6.3B
$657.6M
Total Assets
STWD
STWD
TITN
TITN
Q4 25
$63.2B
$1.8B
Q3 25
$62.4B
$1.9B
Q2 25
$62.4B
$1.8B
Q1 25
$62.2B
$1.8B
Q4 24
$62.6B
$2.1B
Q3 24
$64.2B
$2.2B
Q2 24
$64.1B
$2.1B
Q1 24
$66.2B
$2.0B
Debt / Equity
STWD
STWD
TITN
TITN
Q4 25
0.29×
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.27×
Q4 24
0.21×
Q3 24
0.19×
Q2 24
0.18×
Q1 24
0.18×

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
TITN
TITN
Operating Cash FlowLast quarter
$488.8M
$34.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.04×
28.37×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STWD
STWD
TITN
TITN
Q4 25
$488.8M
$34.0M
Q3 25
$337.6M
$43.7M
Q2 25
$-87.4M
$6.2M
Q1 25
$238.9M
$126.5M
Q4 24
$295.6M
$-8.8M
Q3 24
$241.8M
$-15.0M
Q2 24
$53.3M
$-32.4M
Q1 24
$55.9M
$49.8M
Cash Conversion
STWD
STWD
TITN
TITN
Q4 25
5.04×
28.37×
Q3 25
4.65×
Q2 25
-0.67×
Q1 25
2.13×
Q4 24
5.72×
-5.15×
Q3 24
3.18×
Q2 24
0.68×
-3.43×
Q1 24
0.36×
2.08×

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%

TITN
TITN

Agriculture Segment$420.9M65%
Sales Of Parts$122.3M19%
Service Sales$48.9M8%
Australia_segment$29.9M5%
Rental And Other$13.3M2%
Rental$10.3M2%
Other Revenue$1.1M0%

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