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Side-by-side financial comparison of STARWOOD PROPERTY TRUST, INC. (STWD) and TRIMAS CORP (TRS). 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 $256.5M, roughly 1.9× TRIMAS CORP). TRIMAS CORP runs the higher net margin — 31.9% vs 19.7%, a 12.2% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 3.8%). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% CAGR vs -2.9%).

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...

Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.

STWD vs TRS — Head-to-Head

Bigger by revenue
STWD
STWD
1.9× larger
STWD
$492.9M
$256.5M
TRS
Growing faster (revenue YoY)
STWD
STWD
+4.6% gap
STWD
8.5%
3.8%
TRS
Higher net margin
TRS
TRS
12.2% more per $
TRS
31.9%
19.7%
STWD
Faster 2-yr revenue CAGR
TRS
TRS
Annualised
TRS
3.3%
-2.9%
STWD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
STWD
STWD
TRS
TRS
Revenue
$492.9M
$256.5M
Net Profit
$96.9M
$81.7M
Gross Margin
12.8%
Operating Margin
26.6%
5.7%
Net Margin
19.7%
31.9%
Revenue YoY
8.5%
3.8%
Net Profit YoY
87.7%
236.9%
EPS (diluted)
$0.25
$2.03

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
TRS
TRS
Q1 26
$256.5M
Q4 25
$492.9M
$-140.0M
Q3 25
$488.9M
$269.3M
Q2 25
$444.3M
$274.8M
Q1 25
$418.2M
$241.7M
Q4 24
$454.4M
$-66.2M
Q3 24
$479.5M
$229.4M
Q2 24
$489.8M
$240.5M
Net Profit
STWD
STWD
TRS
TRS
Q1 26
$81.7M
Q4 25
$96.9M
$81.7M
Q3 25
$72.6M
$9.3M
Q2 25
$129.8M
$16.7M
Q1 25
$112.3M
$12.4M
Q4 24
$51.6M
$5.6M
Q3 24
$76.1M
$2.5M
Q2 24
$77.9M
$10.9M
Gross Margin
STWD
STWD
TRS
TRS
Q1 26
12.8%
Q4 25
Q3 25
12.8%
Q2 25
13.8%
Q1 25
13.6%
Q4 24
Q3 24
15.4%
Q2 24
14.4%
Operating Margin
STWD
STWD
TRS
TRS
Q1 26
5.7%
Q4 25
26.6%
Q3 25
19.1%
6.2%
Q2 25
30.5%
9.9%
Q1 25
28.7%
9.0%
Q4 24
15.1%
Q3 24
17.2%
3.6%
Q2 24
19.1%
7.4%
Net Margin
STWD
STWD
TRS
TRS
Q1 26
31.9%
Q4 25
19.7%
-58.4%
Q3 25
14.8%
3.5%
Q2 25
29.2%
6.1%
Q1 25
26.8%
5.1%
Q4 24
11.4%
-8.5%
Q3 24
15.9%
1.1%
Q2 24
15.9%
4.5%
EPS (diluted)
STWD
STWD
TRS
TRS
Q1 26
$2.03
Q4 25
$0.25
$2.01
Q3 25
$0.19
$0.23
Q2 25
$0.38
$0.41
Q1 25
$0.33
$0.30
Q4 24
$0.15
$0.14
Q3 24
$0.23
$0.06
Q2 24
$0.24
$0.27

Balance Sheet & Financial Strength

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

Metric
STWD
STWD
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$499.5M
$30.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.8B
$705.6M
Total Assets
$63.2B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STWD
STWD
TRS
TRS
Q1 26
$30.0M
Q4 25
$499.5M
$30.0M
Q3 25
$301.1M
$33.6M
Q2 25
$259.9M
$30.3M
Q1 25
$440.6M
$32.7M
Q4 24
$377.8M
$23.1M
Q3 24
$357.9M
$26.9M
Q2 24
$259.3M
$35.0M
Total Debt
STWD
STWD
TRS
TRS
Q1 26
Q4 25
$469.2M
Q3 25
$407.1M
Q2 25
$424.5M
Q1 25
$434.2M
Q4 24
$398.1M
Q3 24
$409.9M
Q2 24
$427.4M
Stockholders' Equity
STWD
STWD
TRS
TRS
Q1 26
$705.6M
Q4 25
$6.8B
$705.6M
Q3 25
$6.9B
$725.0M
Q2 25
$6.4B
$715.3M
Q1 25
$6.4B
$686.6M
Q4 24
$6.4B
$667.3M
Q3 24
$6.5B
$682.8M
Q2 24
$6.2B
$675.9M
Total Assets
STWD
STWD
TRS
TRS
Q1 26
$1.5B
Q4 25
$63.2B
$1.5B
Q3 25
$62.4B
$1.4B
Q2 25
$62.4B
$1.4B
Q1 25
$62.2B
$1.4B
Q4 24
$62.6B
$1.3B
Q3 24
$64.2B
$1.4B
Q2 24
$64.1B
$1.4B
Debt / Equity
STWD
STWD
TRS
TRS
Q1 26
Q4 25
0.66×
Q3 25
0.56×
Q2 25
0.59×
Q1 25
0.63×
Q4 24
0.60×
Q3 24
0.60×
Q2 24
0.63×

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
TRS
TRS
Operating Cash FlowLast quarter
$488.8M
$117.5M
Free Cash FlowOCF − Capex
$36.8M
FCF MarginFCF / Revenue
14.4%
Capex IntensityCapex / Revenue
18.9%
Cash ConversionOCF / Net Profit
5.04×
1.44×
TTM Free Cash FlowTrailing 4 quarters
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STWD
STWD
TRS
TRS
Q1 26
$117.5M
Q4 25
$488.8M
$41.5M
Q3 25
$337.6M
$36.5M
Q2 25
$-87.4M
$30.3M
Q1 25
$238.9M
$9.2M
Q4 24
$295.6M
$27.1M
Q3 24
$241.8M
$22.0M
Q2 24
$53.3M
$18.4M
Free Cash Flow
STWD
STWD
TRS
TRS
Q1 26
$36.8M
Q4 25
$36.8M
Q3 25
$22.8M
Q2 25
$13.2M
Q1 25
$-3.8M
Q4 24
$12.1M
Q3 24
$10.2M
Q2 24
$7.5M
FCF Margin
STWD
STWD
TRS
TRS
Q1 26
14.4%
Q4 25
-26.3%
Q3 25
8.5%
Q2 25
4.8%
Q1 25
-1.6%
Q4 24
-18.3%
Q3 24
4.4%
Q2 24
3.1%
Capex Intensity
STWD
STWD
TRS
TRS
Q1 26
18.9%
Q4 25
-3.4%
Q3 25
5.1%
Q2 25
6.2%
Q1 25
5.4%
Q4 24
-22.6%
Q3 24
5.2%
Q2 24
4.5%
Cash Conversion
STWD
STWD
TRS
TRS
Q1 26
1.44×
Q4 25
5.04×
0.51×
Q3 25
4.65×
3.92×
Q2 25
-0.67×
1.81×
Q1 25
2.13×
0.74×
Q4 24
5.72×
4.80×
Q3 24
3.18×
8.71×
Q2 24
0.68×
1.68×

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%

TRS
TRS

Segment breakdown not available.

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