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Side-by-side financial comparison of STARWOOD PROPERTY TRUST, INC. (STWD) and Zurn Elkay Water Solutions Corp (ZWS). 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 $407.2M, roughly 1.2× Zurn Elkay Water Solutions Corp). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 10.3%, a 9.3% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs 8.5%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% 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...

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

STWD vs ZWS — Head-to-Head

Bigger by revenue
STWD
STWD
1.2× larger
STWD
$492.9M
$407.2M
ZWS
Growing faster (revenue YoY)
ZWS
ZWS
+1.4% gap
ZWS
9.8%
8.5%
STWD
Higher net margin
STWD
STWD
9.3% more per $
STWD
19.7%
10.3%
ZWS
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
-2.9%
STWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STWD
STWD
ZWS
ZWS
Revenue
$492.9M
$407.2M
Net Profit
$96.9M
$42.1M
Gross Margin
44.4%
Operating Margin
26.6%
14.8%
Net Margin
19.7%
10.3%
Revenue YoY
8.5%
9.8%
Net Profit YoY
87.7%
15.7%
EPS (diluted)
$0.25
$0.24

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
ZWS
ZWS
Q4 25
$492.9M
$407.2M
Q3 25
$488.9M
$455.4M
Q2 25
$444.3M
$444.5M
Q1 25
$418.2M
$388.8M
Q4 24
$454.4M
$370.7M
Q3 24
$479.5M
$410.0M
Q2 24
$489.8M
$412.0M
Q1 24
$523.1M
$373.8M
Net Profit
STWD
STWD
ZWS
ZWS
Q4 25
$96.9M
$42.1M
Q3 25
$72.6M
$61.8M
Q2 25
$129.8M
$50.5M
Q1 25
$112.3M
$43.6M
Q4 24
$51.6M
$36.4M
Q3 24
$76.1M
$43.5M
Q2 24
$77.9M
$46.0M
Q1 24
$154.3M
$34.3M
Gross Margin
STWD
STWD
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
STWD
STWD
ZWS
ZWS
Q4 25
26.6%
14.8%
Q3 25
19.1%
17.0%
Q2 25
30.5%
17.5%
Q1 25
28.7%
16.3%
Q4 24
15.1%
13.3%
Q3 24
17.2%
17.1%
Q2 24
19.1%
17.5%
Q1 24
30.8%
14.2%
Net Margin
STWD
STWD
ZWS
ZWS
Q4 25
19.7%
10.3%
Q3 25
14.8%
13.6%
Q2 25
29.2%
11.4%
Q1 25
26.8%
11.2%
Q4 24
11.4%
9.8%
Q3 24
15.9%
10.6%
Q2 24
15.9%
11.2%
Q1 24
29.5%
9.2%
EPS (diluted)
STWD
STWD
ZWS
ZWS
Q4 25
$0.25
$0.24
Q3 25
$0.19
$0.36
Q2 25
$0.38
$0.29
Q1 25
$0.33
$0.26
Q4 24
$0.15
$0.21
Q3 24
$0.23
$0.25
Q2 24
$0.24
$0.27
Q1 24
$0.48
$0.19

Balance Sheet & Financial Strength

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

Metric
STWD
STWD
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$499.5M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$6.8B
$1.6B
Total Assets
$63.2B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STWD
STWD
ZWS
ZWS
Q4 25
$499.5M
$300.5M
Q3 25
$301.1M
$260.1M
Q2 25
$259.9M
$201.9M
Q1 25
$440.6M
$144.7M
Q4 24
$377.8M
$198.0M
Q3 24
$357.9M
$187.9M
Q2 24
$259.3M
$162.7M
Q1 24
$327.4M
$157.1M
Total Debt
STWD
STWD
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
STWD
STWD
ZWS
ZWS
Q4 25
$6.8B
$1.6B
Q3 25
$6.9B
$1.6B
Q2 25
$6.4B
$1.6B
Q1 25
$6.4B
$1.5B
Q4 24
$6.4B
$1.6B
Q3 24
$6.5B
$1.6B
Q2 24
$6.2B
$1.6B
Q1 24
$6.3B
$1.6B
Total Assets
STWD
STWD
ZWS
ZWS
Q4 25
$63.2B
$2.7B
Q3 25
$62.4B
$2.7B
Q2 25
$62.4B
$2.7B
Q1 25
$62.2B
$2.6B
Q4 24
$62.6B
$2.6B
Q3 24
$64.2B
$2.7B
Q2 24
$64.1B
$2.7B
Q1 24
$66.2B
$2.7B
Debt / Equity
STWD
STWD
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$488.8M
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.04×
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STWD
STWD
ZWS
ZWS
Q4 25
$488.8M
$91.7M
Q3 25
$337.6M
$101.3M
Q2 25
$-87.4M
$110.6M
Q1 25
$238.9M
$42.9M
Q4 24
$295.6M
$63.6M
Q3 24
$241.8M
$90.9M
Q2 24
$53.3M
$85.1M
Q1 24
$55.9M
$53.9M
Cash Conversion
STWD
STWD
ZWS
ZWS
Q4 25
5.04×
2.18×
Q3 25
4.65×
1.64×
Q2 25
-0.67×
2.19×
Q1 25
2.13×
0.98×
Q4 24
5.72×
1.75×
Q3 24
3.18×
2.09×
Q2 24
0.68×
1.85×
Q1 24
0.36×
1.57×

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%

ZWS
ZWS

Segment breakdown not available.

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