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Side-by-side financial comparison of STARWOOD PROPERTY TRUST, INC. (STWD) and WORTHINGTON ENTERPRISES, INC. (WOR). 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 $327.5M, roughly 1.5× WORTHINGTON ENTERPRISES, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 8.3%, a 11.3% gap on every dollar of revenue. On growth, WORTHINGTON ENTERPRISES, INC. posted the faster year-over-year revenue change (19.5% vs 8.5%).

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...

Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...

STWD vs WOR — Head-to-Head

Bigger by revenue
STWD
STWD
1.5× larger
STWD
$492.9M
$327.5M
WOR
Growing faster (revenue YoY)
WOR
WOR
+11.0% gap
WOR
19.5%
8.5%
STWD
Higher net margin
STWD
STWD
11.3% more per $
STWD
19.7%
8.3%
WOR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
STWD
STWD
WOR
WOR
Revenue
$492.9M
$327.5M
Net Profit
$96.9M
$27.3M
Gross Margin
25.8%
Operating Margin
26.6%
3.7%
Net Margin
19.7%
8.3%
Revenue YoY
8.5%
19.5%
Net Profit YoY
87.7%
-3.3%
EPS (diluted)
$0.25
$0.55

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
WOR
WOR
Q4 25
$492.9M
$327.5M
Q3 25
$488.9M
$303.7M
Q2 25
$444.3M
Q1 25
$418.2M
Q4 24
$454.4M
Q3 24
$479.5M
Q2 24
$489.8M
Q1 24
$523.1M
Net Profit
STWD
STWD
WOR
WOR
Q4 25
$96.9M
$27.3M
Q3 25
$72.6M
$35.1M
Q2 25
$129.8M
Q1 25
$112.3M
Q4 24
$51.6M
Q3 24
$76.1M
Q2 24
$77.9M
Q1 24
$154.3M
Gross Margin
STWD
STWD
WOR
WOR
Q4 25
25.8%
Q3 25
27.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
STWD
STWD
WOR
WOR
Q4 25
26.6%
3.7%
Q3 25
19.1%
3.0%
Q2 25
30.5%
Q1 25
28.7%
Q4 24
15.1%
Q3 24
17.2%
Q2 24
19.1%
Q1 24
30.8%
Net Margin
STWD
STWD
WOR
WOR
Q4 25
19.7%
8.3%
Q3 25
14.8%
11.6%
Q2 25
29.2%
Q1 25
26.8%
Q4 24
11.4%
Q3 24
15.9%
Q2 24
15.9%
Q1 24
29.5%
EPS (diluted)
STWD
STWD
WOR
WOR
Q4 25
$0.25
$0.55
Q3 25
$0.19
$0.70
Q2 25
$0.38
Q1 25
$0.33
Q4 24
$0.15
Q3 24
$0.23
Q2 24
$0.24
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
WOR
WOR
Cash + ST InvestmentsLiquidity on hand
$499.5M
$180.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.8B
$962.6M
Total Assets
$63.2B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STWD
STWD
WOR
WOR
Q4 25
$499.5M
$180.3M
Q3 25
$301.1M
$167.1M
Q2 25
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Q1 24
$327.4M
Stockholders' Equity
STWD
STWD
WOR
WOR
Q4 25
$6.8B
$962.6M
Q3 25
$6.9B
$959.1M
Q2 25
$6.4B
Q1 25
$6.4B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$6.2B
Q1 24
$6.3B
Total Assets
STWD
STWD
WOR
WOR
Q4 25
$63.2B
$1.8B
Q3 25
$62.4B
$1.7B
Q2 25
$62.4B
Q1 25
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$64.1B
Q1 24
$66.2B

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
WOR
WOR
Operating Cash FlowLast quarter
$488.8M
$51.5M
Free Cash FlowOCF − Capex
$39.1M
FCF MarginFCF / Revenue
11.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
5.04×
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STWD
STWD
WOR
WOR
Q4 25
$488.8M
$51.5M
Q3 25
$337.6M
$41.1M
Q2 25
$-87.4M
Q1 25
$238.9M
Q4 24
$295.6M
Q3 24
$241.8M
Q2 24
$53.3M
Q1 24
$55.9M
Free Cash Flow
STWD
STWD
WOR
WOR
Q4 25
$39.1M
Q3 25
$27.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
STWD
STWD
WOR
WOR
Q4 25
11.9%
Q3 25
9.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
STWD
STWD
WOR
WOR
Q4 25
3.8%
Q3 25
4.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
STWD
STWD
WOR
WOR
Q4 25
5.04×
1.89×
Q3 25
4.65×
1.17×
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%

WOR
WOR

Building Products$207.5M63%
Equity Method Investment Nonconsolidated Investee Other$120.7M37%

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