State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $54 trillion in assets under custody and administration, and $5.7 trillion in assets under management, as of Dec.
It is a $48.1B financial services company. Revenue grew 12.3% over the last year, and it keeps 23¢ of every dollar of sales as profit. It trades at 13.9× earnings — near the highest of its own history.
- Website
- statestreet.com
- Location
- Boston, MA
- Employees
- 50 596
- Sector
- Financial Services
- Founded
- 1990
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Valuation, Growth, Health and Moat lag behind.
Valuation47
- P/E vs own history91th pct · 0/25
- FCF yield4.2% · 12/25
- P/S1.8x · 25/25
- EV/EBITDAn/a · 10/25
Growth36
- Revenue CAGR3.8% · 6/25
- Net income CAGR2.3% · 6/25
- EPS CAGR ~5Y8.5% · 12/25
- Fwd implied growth14.3% · 12/25
Profitability69
- ROIC10.6% · 12/25
- ROE12.4% · 12/25
- Net margin23.0% · 25/25
- Operating margin25.0% · 20/25
Health25
- Altman Zn/a · 0/25
- Current ration/a · 0/25
- Interest coverageno interest expense · 25/25
- Net cash / debtn/a · 0/25
Quality80
- Piotroski F6/9 · 15/25
- Beneish M-2.53 · 25/25
- FCF conversion58% · 15/25
- Margin stabilityσ 2.4% · 25/25
Moat35
- ROIC >12% years0/5 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years7/10 yrs · 10/25
- Worst-year net marginworst 16.3% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$2.94B net income
- 2025AcquisitionState Street agreed to acquire Mizuho Financial Group's global custody and related business…
- 2018AcquisitionState Street completed its acquisition of Charles River Development, a Burlington, Massachusetts provider…
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$10.2B in first reported year
- 2016ProductState Street launched a program called Beacon, focused on cutting costs and improving reporting technology
- 2008MilestoneThe United States Department of the Treasury invested $2 billion in the company as part of the…
- 2007AcquisitionThe company acquired Investors Bank & Trust for $4.5 billion
- 2003AcquisitionThe company acquired the securities services division of Deutsche Bank for $1.5 billion
- 1990FoundedState Street Bank Luxembourg was founded, and was the largest player in the country's fund industry by assets
- 1966MilestoneThe company completed construction of the State Street Bank Building, a new headquarters building, the…
- 1955AcquisitionThe company merged with Second National Bank in 1955 and with the Rockland-Atlas National Bank in 1961
- 1924MilestoneIt became the custodian of the first U.S. mutual fund in 1924, the Massachusetts Investors Trust (now MFS Investment…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 23.0% net margin
- Revenue growing 12.3% year over year
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+12.3% YoY
- Profitable — makes more than it spends$3.46B TTM
- Profit growing — earnings are higher than last year+10.8% YoY
- Generates cash — cash left after running and investing$2.02B TTM
- Debt under control — could handle its obligationsno data
- Established company — not a micro-cap — lower blow-up risk$48.1B market cap
- Not printing shares — share count not ballooning — you keep your slice-19.1% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 25/100
- Pays a dividend — returns cash to shareholdersyield 2.40%
- Valuation not extreme — price not wildly above earningsP/E 13.9
Peer comparisonState Street Corporation vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| STT this company | $48.1B | 13.9 | +12.3% | 23.0% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: STT vs BRK.A · STT vs BRK.B · STT vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/STT
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of STT on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $174.96 · market cap $48.1B.