RLI vs Starwood Property Trust
Add, change or remove companies; up to four.
The short version
- RLI is the larger business, with $1.9B of revenue in fiscal 2025 against $1.8B for Starwood Property Trust.
- RLI grew revenue faster (6.3%, against −5.3%).
- RLI turned more of its sales into free cash flow (32.3% FCF margin, against 5.4%).
- Investors pay more for each dollar of Starwood Property Trust’s earnings: a P/E of 21.3x against 15.1x for RLI.
| Latest fiscal year | RLI · FY25 | STWD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.0B | $4.6B |
| Revenue | $1.9B | $1.8B |
| Free cash flow | $609M | $99.4M |
| Net income | $403M | $412M |
| Growth | ||
| Revenue growth | 6.3% | −5.3% |
| 5-year growth | 13.9% | 10.2% |
| Share count change | −0.1% | 9.2% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 21.4% | 22.3% |
| FCF margin | 32.3% | 5.4% |
| Return on capital | — | — |
| Return on equity | 24.4% | 6.2% |
| Balance sheet | ||
| Net debt | — | — |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $242M | $669M |
| Valuation & quality | ||
| P/E | 15.1x | 21.3x |
| Piotroski F-score | — | — |
Revenue
FY16
RLI $816M
STWD $785M
FY17
RLI $797M
STWD $880M
FY18
RLI $818M
STWD $1.1B
FY19
RLI $1.0B
STWD $1.2B
FY20
RLI $984M
STWD $1.1B
FY21
RLI $1.2B
STWD $1.2B
FY22
RLI $1.7B
STWD $1.5B
FY23
RLI $1.5B
STWD $2.0B
FY24
RLI $1.8B
STWD $1.9B
FY25
RLI $1.9B
STWD $1.8B
RLI
STWD
Operating margin
FY16
RLI —
STWD 17.0%
FY17
RLI —
STWD 16.4%
FY18
RLI —
STWD —
FY19
RLI —
STWD —
FY20
RLI —
STWD —
FY21
RLI —
STWD —
FY22
RLI —
STWD —
FY23
RLI —
STWD —
FY24
RLI —
STWD —
FY25
RLI —
STWD —
RLI
STWD
Free cash flow
FY16
RLI $158M
STWD $541M
FY17
RLI $188M
STWD −$821M
FY18
RLI $211M
STWD $531M
FY19
RLI $270M
STWD −$44.1M
FY20
RLI $257M
STWD $1.0B
FY21
RLI $377M
STWD −$1.0B
FY22
RLI $245M
STWD $189M
FY23
RLI $458M
STWD $529M
FY24
RLI $556M
STWD $647M
FY25
RLI $609M
STWD $99.4M
RLI
STWD
Return on capital
FY16
RLI 12.6%
STWD —
FY17
RLI 9.6%
STWD —
FY18
RLI 7.6%
STWD —
FY19
RLI 19.7%
STWD —
FY20
RLI 14.1%
STWD —
FY21
RLI 22.3%
STWD —
FY22
RLI 43.8%
STWD —
FY23
RLI 21.2%
STWD —
FY24
RLI —
STWD —
FY25
RLI —
STWD —
RLI
STWD
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.