State Street Corporation (STT) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Asset Management
EV/EBITDA
↓
-12.35
—
5yr avg: N/A
30Y Low6.2·High21.5
P/FCF
↑
11.34
↑+102% vs avg
5yr avg: 5.62
30Y Low2.5·High103.6
P/B Ratio
↑
1.75
↑+47% vs avg
5yr avg: 1.19
30Y Low1.0·High6.2
ROE
↑
11.1%
↓+10% vs avg
5yr avg: 10.1%
30Y Low-14%·High25%
Debt/EBITDA
↑
6.96
+12% vs avg
5yr avg: 6.21
30Y Low3.2·High20.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
STT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
State Street Corporation trades at 17.9x earnings, 41% above its 5-year average of 12.7x, sitting at the 59th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 32%. On a free-cash-flow basis, the stock trades at 11.3x P/FCF, 102% above the 5-year average of 5.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $48.6B | $37.3B | $29.7B | $25.3B | $28.7B | $33.3B | $26.0B | $29.6B | $23.7B | $37.1B | $30.8B |
| Enterprise Value | $-52913212110 | $-64271658810 | $-49645518100 | $-42050042720 | $-58645644870 | $-61582534000 | $-73289825320 | $-28318019400 | $-37298658680 | $-16735409070 | $-24181885200 |
| P/E Ratio → | 17.91 | 13.72 | 11.95 | 13.88 | 10.79 | 12.93 | 11.52 | 14.70 | 9.85 | 18.63 | 15.64 |
| P/S Ratio | 2.15 | 1.65 | 1.35 | 1.38 | 2.10 | 2.77 | 2.15 | 2.25 | 1.81 | 3.13 | 2.89 |
| P/B Ratio | 1.75 | 1.34 | 1.17 | 1.06 | 1.14 | 1.22 | 0.99 | 1.21 | 0.96 | 1.66 | 1.45 |
| P/FCF | 11.34 | 8.69 | — | — | 2.56 | — | 8.75 | 5.96 | 2.48 | 5.89 | 18.36 |
| P/OCF | 9.10 | 6.97 | — | 36.66 | 2.40 | — | 7.36 | 5.19 | 2.33 | 5.35 | 13.44 |
P/E links to full P/E history page with 30-year chart
STT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -2.84 | -2.26 | -2.29 | -4.29 | -5.12 | -6.07 | -2.16 | -2.84 | -1.41 | -2.27 |
| EV / EBITDA | -12.35 | -15.00 | -12.41 | -13.15 | -13.08 | -13.03 | -16.62 | -6.99 | -8.67 | -4.10 | -7.93 |
| EV / EBIT | -14.18 | -17.23 | -14.62 | -18.16 | -17.63 | -19.42 | -25.28 | -10.44 | -12.03 | -5.59 | -11.41 |
| EV / FCF | — | -14.98 | — | — | -5.23 | — | -24.66 | -5.71 | -3.90 | -2.66 | -14.42 |
STT Profitability
Margins and return-on-capital ratios measuring operating efficiency
State Street Corporation earns an operating margin of 16.5%, below the Financial Services sector average of 20.3%. Operating margins have expanded from 12.6% to 16.5% over the past 3 years, signaling improving operational efficiency. ROE of 11.1% is modest. ROIC of 4.7% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.4% | 61.4% | 58.5% | 64.8% | 88.6% | 100.2% | 96.2% | 89.5% | 92.3% | 94.9% | 95.9% |
| Operating Margin | 16.5% | 16.5% | 15.5% | 12.6% | 24.3% | 26.4% | 24.0% | 20.7% | 23.6% | 25.2% | 19.9% |
| Net Profit Margin | 13.0% | 13.0% | 12.2% | 10.6% | 20.3% | 22.4% | 20.1% | 17.1% | 19.8% | 18.2% | 20.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.1% | 11.1% | 10.9% | 7.9% | 10.6% | 10.1% | 9.6% | 9.1% | 11.0% | 9.9% | 10.1% |
| ROA | 0.8% | 0.8% | 0.8% | 0.6% | 0.9% | 0.9% | 0.9% | 0.9% | 1.1% | 0.9% | 0.9% |
| ROIC | 4.7% | 4.7% | 4.6% | 3.8% | 5.8% | 5.3% | 5.0% | 5.2% | 6.0% | 5.9% | 4.1% |
| ROCE | 4.5% | 4.5% | 4.6% | 4.3% | 8.7% | 8.1% | 7.5% | 7.5% | 8.9% | 9.0% | 6.5% |
STT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
State Street Corporation carries a Debt/EBITDA ratio of 7.0x, which is highly leveraged (63% above the sector average of 4.3x). The company holds a net cash position — cash of $131.4B exceeds total debt of $29.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.07 | 1.07 | 1.45 | 1.02 | 0.73 | 0.55 | 0.81 | 0.59 | 0.62 | 0.70 | 0.82 |
| Debt / EBITDA | 6.96 | 6.96 | 9.20 | 7.62 | 4.08 | 3.21 | 4.81 | 3.57 | 3.55 | 3.83 | 5.71 |
| Net Debt / Equity | — | -3.65 | -3.13 | -2.83 | -3.47 | -3.47 | -3.79 | -2.37 | -2.47 | -2.41 | -2.59 |
| Net Debt / EBITDA | -23.70 | -23.70 | -19.83 | -21.06 | -19.49 | -20.07 | -22.52 | -14.29 | -14.18 | -13.20 | -18.03 |
| Debt / FCF | — | -23.67 | — | — | -7.79 | — | -33.41 | -11.67 | -6.38 | -8.55 | -32.78 |
| Interest Coverage | 0.43 | 0.43 | 0.37 | 0.36 | 2.15 | 1057.00 | 7.73 | 1.97 | 3.13 | 4.96 | 4.95 |
Net cash position: cash ($131.4B) exceeds total debt ($29.8B)
STT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.68x is below 1.0, meaning current liabilities exceed current assets — though the company's $131.4B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.63x to 0.68x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.68 | 0.68 | 0.51 | 0.63 | 0.57 | 0.68 | 0.69 | 0.64 | 0.63 | 0.66 | 0.78 |
| Quick Ratio | 0.68 | 0.68 | 0.51 | 0.63 | 0.57 | 0.68 | 0.69 | 0.64 | 0.63 | 0.66 | 0.78 |
| Cash Ratio | 0.47 | 0.47 | 0.42 | 0.40 | 0.40 | 0.40 | 0.44 | 0.35 | 0.37 | 0.34 | 0.34 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
STT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
State Street Corporation returns 4.5% to shareholders annually — split between a 1.8% dividend yield and 2.7% buyback yield. The payout ratio of 30.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 30.4% | 30.4% | 38.4% | 49.9% | 35.0% | 27.9% | 36.7% | 41.5% | 31.9% | 35.6% | 33.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 7.3% | 8.4% | 7.2% | 9.3% | 7.7% | 8.7% | 6.8% | 10.1% | 5.4% | 6.4% |
| FCF Yield | 8.8% | 11.5% | — | — | 39.1% | — | 11.4% | 16.8% | 40.3% | 17.0% | 5.4% |
| Buyback Yield | 2.7% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $289M | $302M | $327M | $370M | $358M | $357M | $374M | $376M | $380M | $396M |
Peer Comparison
Compare STT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 STTYou | $49B | 17.9 | -12.3 | 11.3 | 61.4% | 16.5% | 11.1% | 4.7% | 7.0 |
 BK | $100B | 19.2 | 0.3 | 19.3 | 48.9% | 17.5% | 12.8% | 6.4% | 3.8 |
 NTRS | $32B | 19.7 | -4.0 | 5.8 | 56.5% | 16.3% | 13.5% | 6.0% | 5.1 |
 BEN | $17B | 36.3 | 23.7 | 18.8 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $13B | -17.6 | 16.8 | 8.7 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 GS | $348B | 21.4 | 33.0 | — | 47.5% | 17.5% | 13.9% | 2.2% | 25.4 |
 MS | $356B | 21.9 | 27.0 | 7.7 | 57.1% | 19.1% | 15.5% | 3.1% | 17.9 |
 JPM | $909B | 16.2 | 18.5 | 9.0 | 59.9% | 26.0% | 16.1% | 4.5% | 11.6 |
 C | $267B | 20.5 | 27.4 | 12.0 | 44.6% | 11.8% | 6.7% | 1.7% | 31.0 |
 BLK | $174B | 29.6 | 23.0 | 46.3 | 55.5% | 29.1% | 10.0% | 7.5% | 1.9 |
 TROW | $23B | 11.6 | 8.0 | 15.8 | 62.7% | 29.9% | 17.8% | 13.3% | 0.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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STT — Frequently Asked Questions
Quick answers to the most common questions about buying STT stock.
What is State Street Corporation's P/E ratio?
State Street Corporation's current P/E ratio is 17.9x. The historical average is 17.3x. This places it at the 59th percentile of its historical range.
What is State Street Corporation's EV/EBITDA?
State Street Corporation's current EV/EBITDA is -12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
What is State Street Corporation's ROE?
State Street Corporation's return on equity (ROE) is 11.1%. The historical average is 12.5%.
Is STT stock overvalued?
Based on historical data, State Street Corporation is trading at a P/E of 17.9x. This is at the 59th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is State Street Corporation's dividend yield?
State Street Corporation's current dividend yield is 1.84% with a payout ratio of 30.4%.
What are State Street Corporation's profit margins?
State Street Corporation has 61.4% gross margin and 16.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does State Street Corporation have?
State Street Corporation's Debt/EBITDA ratio is 7.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.