Filing Flows › Starwood Property Trust (STWD) › Operating margin
Starwood Property Trust (STWD) operating margin by quarter
Starwood Property Trust's operating margin was 6.3% in Q1 2026 (first quarter 2026), +4.1 pts from Q4 2025. Over the last 4 quarters it ranged from 2.1% (Q4 2025) to 8.1% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 2026 | 6.3% | +4.1 pts | -1.8 pts |
| Q4 2025 | 2.1% | -1.0 pts | — |
| Q2 2025 | 3.1% | -5.0 pts | — |
| Q1 2025 | 8.1% | — | — |
Q1 2026 at a glance
Starwood Property Trust, Q1 2026: revenue $512M (+22% year over year), operating margin 6.3%, net earnings $51.9M, operating cash flow $93.6M. The chart follows the revenue to costs, profit and cash.
Questions
What is Starwood Property Trust's operating margin?
Starwood Property Trust's operating margin was 6.3% in Q1 2026 (first quarter 2026), +4.1 pts from Q4 2025.
How has Starwood Property Trust's operating margin changed?
Over the last 4 quarters it ranged from 2.1% (Q4 2025) to 8.1% (Q1 2025).
Q1 2026 results → · How Starwood Property Trust makes money →