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Side-by-side financial comparison of STARWOOD PROPERTY TRUST, INC. (STWD) and USANA HEALTH SCIENCES INC (USNA). 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 $250.2M, roughly 2.0× USANA HEALTH SCIENCES INC). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 3.0%, a 16.7% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs -3.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (11.8% 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...

Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.

STWD vs USNA — Head-to-Head

Bigger by revenue
STWD
STWD
2.0× larger
STWD
$492.9M
$250.2M
USNA
Growing faster (revenue YoY)
STWD
STWD
+11.5% gap
STWD
8.5%
-3.0%
USNA
Higher net margin
STWD
STWD
16.7% more per $
STWD
19.7%
3.0%
USNA
Faster 2-yr revenue CAGR
USNA
USNA
Annualised
USNA
11.8%
-2.9%
STWD

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
STWD
STWD
USNA
USNA
Revenue
$492.9M
$250.2M
Net Profit
$96.9M
$7.5M
Gross Margin
76.2%
Operating Margin
26.6%
5.5%
Net Margin
19.7%
3.0%
Revenue YoY
8.5%
-3.0%
Net Profit YoY
87.7%
-20.0%
EPS (diluted)
$0.25
$0.41

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
USNA
USNA
Q1 26
$250.2M
Q4 25
$492.9M
$226.2M
Q3 25
$488.9M
$213.7M
Q2 25
$444.3M
$235.8M
Q1 25
$418.2M
$249.5M
Q4 24
$454.4M
$213.6M
Q3 24
$479.5M
$200.2M
Q2 24
$489.8M
Net Profit
STWD
STWD
USNA
USNA
Q1 26
$7.5M
Q4 25
$96.9M
$180.0K
Q3 25
$72.6M
$-6.5M
Q2 25
$129.8M
$9.7M
Q1 25
$112.3M
$9.4M
Q4 24
$51.6M
$4.5M
Q3 24
$76.1M
$10.6M
Q2 24
$77.9M
Gross Margin
STWD
STWD
USNA
USNA
Q1 26
76.2%
Q4 25
78.2%
Q3 25
77.2%
Q2 25
78.7%
Q1 25
79.0%
Q4 24
82.0%
Q3 24
80.4%
Q2 24
Operating Margin
STWD
STWD
USNA
USNA
Q1 26
5.5%
Q4 25
26.6%
1.7%
Q3 25
19.1%
0.6%
Q2 25
30.5%
7.1%
Q1 25
28.7%
6.3%
Q4 24
15.1%
3.8%
Q3 24
17.2%
7.8%
Q2 24
19.1%
Net Margin
STWD
STWD
USNA
USNA
Q1 26
3.0%
Q4 25
19.7%
0.1%
Q3 25
14.8%
-3.1%
Q2 25
29.2%
4.1%
Q1 25
26.8%
3.8%
Q4 24
11.4%
2.1%
Q3 24
15.9%
5.3%
Q2 24
15.9%
EPS (diluted)
STWD
STWD
USNA
USNA
Q1 26
$0.41
Q4 25
$0.25
$-0.10
Q3 25
$0.19
$-0.36
Q2 25
$0.38
$0.52
Q1 25
$0.33
$0.49
Q4 24
$0.15
$0.23
Q3 24
$0.23
$0.56
Q2 24
$0.24

Balance Sheet & Financial Strength

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

Metric
STWD
STWD
USNA
USNA
Cash + ST InvestmentsLiquidity on hand
$499.5M
$162.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.8B
Total Assets
$63.2B
$739.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STWD
STWD
USNA
USNA
Q1 26
$162.8M
Q4 25
$499.5M
$158.4M
Q3 25
$301.1M
$145.3M
Q2 25
$259.9M
$151.3M
Q1 25
$440.6M
$179.6M
Q4 24
$377.8M
$181.8M
Q3 24
$357.9M
$364.9M
Q2 24
$259.3M
Stockholders' Equity
STWD
STWD
USNA
USNA
Q1 26
Q4 25
$6.8B
Q3 25
$6.9B
$528.1M
Q2 25
$6.4B
$531.1M
Q1 25
$6.4B
$529.8M
Q4 24
$6.4B
$532.1M
Q3 24
$6.5B
$533.1M
Q2 24
$6.2B
Total Assets
STWD
STWD
USNA
USNA
Q1 26
$739.0M
Q4 25
$63.2B
$742.9M
Q3 25
$62.4B
$726.6M
Q2 25
$62.4B
$734.5M
Q1 25
$62.2B
$746.6M
Q4 24
$62.6B
$748.2M
Q3 24
$64.2B
$671.3M
Q2 24
$64.1B

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
USNA
USNA
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
USNA
USNA
Q1 26
Q4 25
$488.8M
Q3 25
$337.6M
$-2.0M
Q2 25
$-87.4M
$12.2M
Q1 25
$238.9M
$15.5M
Q4 24
$295.6M
$5.8M
Q3 24
$241.8M
$29.5M
Q2 24
$53.3M
Free Cash Flow
STWD
STWD
USNA
USNA
Q1 26
Q4 25
Q3 25
$-5.2M
Q2 25
$7.2M
Q1 25
$12.7M
Q4 24
$4.0M
Q3 24
$27.1M
Q2 24
FCF Margin
STWD
STWD
USNA
USNA
Q1 26
Q4 25
Q3 25
-2.4%
Q2 25
3.0%
Q1 25
5.1%
Q4 24
1.9%
Q3 24
13.6%
Q2 24
Capex Intensity
STWD
STWD
USNA
USNA
Q1 26
Q4 25
Q3 25
1.5%
Q2 25
2.1%
Q1 25
1.1%
Q4 24
0.8%
Q3 24
1.2%
Q2 24
Cash Conversion
STWD
STWD
USNA
USNA
Q1 26
Q4 25
5.04×
Q3 25
4.65×
Q2 25
-0.67×
1.27×
Q1 25
2.13×
1.65×
Q4 24
5.72×
1.29×
Q3 24
3.18×
2.78×
Q2 24
0.68×

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%

USNA
USNA

Segment breakdown not available.

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