Starwood Property Trust annual free cash flow
2011
2012
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2015
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2021
2022
2023
2024
2025
Starwood Property Trust Free Cash Flow (FCF) History (STWD)
Starwood Property Trust reported $99.4M in free cash flow for fiscal 2025, a decrease of 84.63% from the previous fiscal year, with a free cash flow margin of 5.39%.
View full Starwood Property Trust company overviewStarwood Property Trust free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $99.4M | −$547.2M | −84.63% | +5.39% |
| 2024 | 2024-12-31 | $646.6M | $118.0M | +22.32% | +33.21% |
| 2023 | 2023-12-31 | $528.6M | $340.1M | +180.40% | +25.79% |
| 2022 | 2022-12-31 | $188.5M | $1.20B | — | +12.87% |
| 2021 | 2021-12-31 | −$1.02B | −$2.04B | — | −86.85% |
| 2020 | 2020-12-31 | $1.02B | $1.06B | — | +89.81% |
| 2019 | 2019-12-31 | −$44.1M | −$574.8M | — | −3.68% |
| 2018 | 2018-12-31 | $530.7M | $1.35B | — | +47.84% |
| 2017 | 2017-12-31 | −$820.8M | −$1.36B | — | −93.28% |
| 2016 | 2016-12-31 | $540.7M | −$63.1M | −10.45% | +68.90% |
| 2015 | 2015-12-31 | $603.8M | $420.9M | +230.23% | +82.05% |
| 2014 | 2014-12-31 | $182.8M | −$141.3M | −43.60% | +26.01% |
| 2013 | 2013-12-31 | $324.2M | $73.4M | +29.27% | +58.99% |
| 2012 | 2012-12-31 | $250.8M | $182.9M | +269.69% | +81.60% |
| 2011 | 2011-12-31 | $67.8M | — | — | +32.85% |
Starwood Property Trust quarterly free cash flow
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Q3.14
Q1.15
Q3.15
Q1.16
Q2.16
Q3.16
Q1.17
Q2.17
Q3.17
Q1.18
Q2.18
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Q1.19
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q1.21
Q2.21
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Q1.22
Q2.22
Q3.22
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Q2.23
Q3.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$35.2M | $61.2M | — | −6.85% |
| Q1 2026 | 2026-03-31 | −$55.8M | −$288.9M | — | −10.88% |
| Q4 2025 | 2025-12-31 | $283.1M | $8.4M | +3.07% | +57.43% |
| Q3 2025 | 2025-09-30 | $289.0M | $53.9M | +22.95% | +59.11% |
| Q2 2025 | 2025-06-30 | −$96.4M | −$141.0M | — | −21.69% |
| Q1 2025 | 2025-03-31 | $233.1M | $182.8M | +362.80% | +55.75% |
| Q4 2024 | 2024-12-31 | $274.6M | — | — | +60.44% |
| Q3 2024 | 2024-09-30 | $235.0M | −$116.0M | −33.04% | +49.01% |
| Q2 2024 | 2024-06-30 | $44.6M | −$135.8M | −75.25% | +9.12% |
| Q1 2024 | 2024-03-31 | $50.4M | $84.8M | — | +9.63% |
| Q3 2023 · Sep 30 | 2023-09-30 | $351.0M | $197.6M | +128.73% | +67.31% |
| Q2 2023 · Jun 30 | 2023-06-30 | $180.4M | −$345.8M | −65.71% | +34.99% |
| Q1 2023 · Mar 31 | 2023-03-31 | −$34.4M | −$182.2M | — | −7.01% |
| Q3 2022 · Sep 30 | 2022-09-30 | $153.5M | $908.4M | — | +39.30% |
| Q2 2022 · Jun 30 | 2022-06-30 | $526.2M | $517.5M | +5941.30% | +161.62% |
| Q1 2022 · Mar 31 | 2022-03-31 | $147.8M | −$119.5M | −44.71% | +50.26% |
| Q3 2021 · Sep 30 | 2021-09-30 | −$755.0M | −$507.4M | — | −249.76% |
| Q2 2021 · Jun 30 | 2021-06-30 | $8.7M | −$563.4M | −98.48% | +2.99% |
| Q1 2021 · Mar 31 | 2021-03-31 | $267.3M | $83.6M | +45.50% | +93.05% |
| Q3 2020 · Sep 30 | 2020-09-30 | −$247.6M | −$148.1M | — | −92.59% |
| Q2 2020 · Jun 30 | 2020-06-30 | $572.1M | $964.2M | — | +215.41% |
| Q1 2020 · Mar 31 | 2020-03-31 | $183.7M | $284.9M | — | +58.77% |
| Q3 2019 · Sep 30 | 2019-09-30 | −$99.5M | −$413.8M | — | −34.51% |
| Q2 2019 | 2019-06-30 | −$392.0M | −$122.3M | — | −125.98% |
| Q1 2019 · Mar 31 | 2019-03-31 | −$101.2M | −$186.6M | — | −32.61% |
| Q3 2018 · Sep 30 | 2018-09-30 | $314.3M | $731.0M | — | +110.02% |
| Q2 2018 | 2018-06-30 | −$269.8M | −$97.7M | — | −100.08% |
| Q1 2018 · Mar 31 | 2018-03-31 | $85.3M | $283.8M | — | +32.75% |
| Q3 2017 · Sep 30 | 2017-09-30 | −$416.6M | −$464.6M | — | −183.73% |
| Q2 2017 | 2017-06-30 | −$172.1M | −$186.8M | — | −81.34% |
| Q1 2017 · Mar 31 | 2017-03-31 | −$198.5M | −$326.7M | — | −99.87% |
| Q3 2016 · Sep 30 | 2016-09-30 | $47.9M | $83.3M | — | +23.42% |
| Q2 2016 · Jun 30 | 2016-06-30 | $14.7M | — | — | +7.37% |
| Q1 2016 · Mar 31 | 2016-03-31 | $128.3M | $14.6M | +12.81% | +65.62% |
| Q3 2015 | 2015-09-30 | −$35.4M | −$38.3M | — | −18.42% |
| Q1 2015 · Mar 31 | 2015-03-31 | $113.7M | — | — | +63.58% |
| Q3 2014 | 2014-09-30 | $2.9M | $25.7M | — | +1.58% |
| Q3 2013 · Sep 30 | 2013-09-30 | −$22.8M | — | — | −15.18% |
Starwood Property Trust free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $1.02B to $99.4M, a compound annual decline of 37.24%. Starwood Property Trust's latest reported quarter, Q2 2026, generated −$35.2M in free cash flow, an increase of $61.2M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Starwood Property Trust source filings ↗