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Side-by-side financial comparison of STARWOOD PROPERTY TRUST, INC. (STWD) and VALVOLINE INC (VVV). 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 $461.8M, roughly 1.1× VALVOLINE INC). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs -7.1%, a 26.8% gap on every dollar of revenue. On growth, VALVOLINE INC posted the faster year-over-year revenue change (11.5% vs 8.5%). Over the past eight quarters, VALVOLINE INC's revenue compounded faster (9.0% 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...

Valvoline Inc. is an American retail automotive services company based in Lexington, Kentucky. It licenses the name for a number of Valvoline-labeled automotive oil, additives, and lubricants. It also owns the Valvoline Instant Oil Change, Great Canadian Oil Change and Valvoline Express Care car repair chains. As of 2023, it is the second largest oil change service provider in the United States with 10% market share and over 1,650 locations.

STWD vs VVV — Head-to-Head

Bigger by revenue
STWD
STWD
1.1× larger
STWD
$492.9M
$461.8M
VVV
Growing faster (revenue YoY)
VVV
VVV
+3.0% gap
VVV
11.5%
8.5%
STWD
Higher net margin
STWD
STWD
26.8% more per $
STWD
19.7%
-7.1%
VVV
Faster 2-yr revenue CAGR
VVV
VVV
Annualised
VVV
9.0%
-2.9%
STWD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
STWD
STWD
VVV
VVV
Revenue
$492.9M
$461.8M
Net Profit
$96.9M
$-32.8M
Gross Margin
37.4%
Operating Margin
26.6%
4.0%
Net Margin
19.7%
-7.1%
Revenue YoY
8.5%
11.5%
Net Profit YoY
87.7%
-135.8%
EPS (diluted)
$0.25
$-0.26

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
VVV
VVV
Q4 25
$492.9M
$461.8M
Q3 25
$488.9M
$453.8M
Q2 25
$444.3M
$439.0M
Q1 25
$418.2M
$403.2M
Q4 24
$454.4M
$414.3M
Q3 24
$479.5M
$435.5M
Q2 24
$489.8M
$421.4M
Q1 24
$523.1M
$388.7M
Net Profit
STWD
STWD
VVV
VVV
Q4 25
$96.9M
$-32.8M
Q3 25
$72.6M
$25.0M
Q2 25
$129.8M
$56.5M
Q1 25
$112.3M
$37.6M
Q4 24
$51.6M
$91.6M
Q3 24
$76.1M
$92.3M
Q2 24
$77.9M
$45.9M
Q1 24
$154.3M
$41.4M
Gross Margin
STWD
STWD
VVV
VVV
Q4 25
37.4%
Q3 25
39.1%
Q2 25
40.5%
Q1 25
37.3%
Q4 24
36.9%
Q3 24
39.1%
Q2 24
39.7%
Q1 24
37.6%
Operating Margin
STWD
STWD
VVV
VVV
Q4 25
26.6%
4.0%
Q3 25
19.1%
18.6%
Q2 25
30.5%
21.6%
Q1 25
28.7%
16.6%
Q4 24
15.1%
34.7%
Q3 24
17.2%
30.9%
Q2 24
19.1%
22.2%
Q1 24
30.8%
19.7%
Net Margin
STWD
STWD
VVV
VVV
Q4 25
19.7%
-7.1%
Q3 25
14.8%
5.5%
Q2 25
29.2%
12.9%
Q1 25
26.8%
9.3%
Q4 24
11.4%
22.1%
Q3 24
15.9%
21.2%
Q2 24
15.9%
10.9%
Q1 24
29.5%
10.7%
EPS (diluted)
STWD
STWD
VVV
VVV
Q4 25
$0.25
$-0.26
Q3 25
$0.19
$0.20
Q2 25
$0.38
$0.44
Q1 25
$0.33
$0.29
Q4 24
$0.15
$0.71
Q3 24
$0.23
$0.70
Q2 24
$0.24
$0.35
Q1 24
$0.48
$0.32

Balance Sheet & Financial Strength

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

Metric
STWD
STWD
VVV
VVV
Cash + ST InvestmentsLiquidity on hand
$499.5M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.8B
$307.6M
Total Assets
$63.2B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STWD
STWD
VVV
VVV
Q4 25
$499.5M
$69.9M
Q3 25
$301.1M
$51.6M
Q2 25
$259.9M
$68.3M
Q1 25
$440.6M
$61.9M
Q4 24
$377.8M
$60.0M
Q3 24
$357.9M
$68.3M
Q2 24
$259.3M
$65.7M
Q1 24
$327.4M
$494.5M
Stockholders' Equity
STWD
STWD
VVV
VVV
Q4 25
$6.8B
$307.6M
Q3 25
$6.9B
$338.5M
Q2 25
$6.4B
$313.6M
Q1 25
$6.4B
$248.7M
Q4 24
$6.4B
$229.8M
Q3 24
$6.5B
$185.6M
Q2 24
$6.2B
$106.5M
Q1 24
$6.3B
$60.1M
Total Assets
STWD
STWD
VVV
VVV
Q4 25
$63.2B
$3.4B
Q3 25
$62.4B
$2.7B
Q2 25
$62.4B
$2.6B
Q1 25
$62.2B
$2.5B
Q4 24
$62.6B
$2.3B
Q3 24
$64.2B
$2.4B
Q2 24
$64.1B
$2.4B
Q1 24
$66.2B
$2.8B

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
VVV
VVV
Operating Cash FlowLast quarter
$488.8M
$64.8M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
12.4%
Cash ConversionOCF / Net Profit
5.04×
TTM Free Cash FlowTrailing 4 quarters
$57.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STWD
STWD
VVV
VVV
Q4 25
$488.8M
$64.8M
Q3 25
$337.6M
$121.9M
Q2 25
$-87.4M
$86.9M
Q1 25
$238.9M
$47.2M
Q4 24
$295.6M
$41.2M
Q3 24
$241.8M
$101.3M
Q2 24
$53.3M
$75.6M
Q1 24
$55.9M
$68.3M
Free Cash Flow
STWD
STWD
VVV
VVV
Q4 25
$7.4M
Q3 25
$23.0M
Q2 25
$32.0M
Q1 25
$-4.6M
Q4 24
$-12.4M
Q3 24
$29.9M
Q2 24
$9.8M
Q1 24
$23.4M
FCF Margin
STWD
STWD
VVV
VVV
Q4 25
1.6%
Q3 25
5.1%
Q2 25
7.3%
Q1 25
-1.1%
Q4 24
-3.0%
Q3 24
6.9%
Q2 24
2.3%
Q1 24
6.0%
Capex Intensity
STWD
STWD
VVV
VVV
Q4 25
12.4%
Q3 25
21.8%
Q2 25
12.5%
Q1 25
12.8%
Q4 24
12.9%
Q3 24
16.4%
Q2 24
15.6%
Q1 24
11.6%
Cash Conversion
STWD
STWD
VVV
VVV
Q4 25
5.04×
Q3 25
4.65×
4.88×
Q2 25
-0.67×
1.54×
Q1 25
2.13×
1.26×
Q4 24
5.72×
0.45×
Q3 24
3.18×
1.10×
Q2 24
0.68×
1.65×
Q1 24
0.36×
1.65×

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%

VVV
VVV

Oil Change And Related Fees$337.7M73%
Non Oil Change And Related Fees$100.5M22%
Franchise Fees And Other$23.6M5%

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