State Street Corporation (STT) Key Metrics
STT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $45.52B
- Enterprise value
- −$75.58B
- P/E (TTM)
- 13.5 10-yr median 12.5
- Forward P/E
- 11.9
- PEG ratio
- 0.67
- Price / sales
- 2.9 10-yr median 2.1
- Price / book
- 2.0 10-yr median 1.2
- EV / EBITDA
- —
- Dividend yield
- 2.22% $3.68 a year
- Beta
- 1.42
STT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSTT valuation Price multiples at each fiscal year-end price.
STT returns How much profit the business earns on the capital it uses.
STT per-share figures Results divided by the shares outstanding at year-end.
STT financial health Debt, liquidity and how easily interest is covered.
STT efficiency & capital use Working capital cycle and where the cash goes.
STT valuation history
STT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
STT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
STT cash returned to shareholders
STT price vs earnings per share
STT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $37.29B | $29.66B | $25.30B | $28.71B | $33.29B | $25.99B | $29.56B | $23.74B | $37.11B | $30.78B |
| Enterprise value | −$78.93B | −$68.09B | −$86.58B | −$99.22B | −$134.98B | −$136.26B | −$84.53B | −$87.99B | −$78.19B | −$89.16B |
| P/E ratio | 12.7 | 11.0 | 13.0 | 10.3 | 12.4 | 10.7 | 13.2 | 9.2 | 17.2 | 14.4 |
| Price / sales | 1.6 | 1.3 | 1.4 | 2.1 | 2.8 | 2.2 | 2.3 | 1.8 | 3.1 | 2.9 |
| Price / book | 1.3 | 1.2 | 1.1 | 1.1 | 1.2 | 1.0 | 1.2 | 1.0 | 1.7 | 1.5 |
| Price / free cash flow | 8.7 | — | — | 2.6 | — | 8.7 | 6.0 | 2.5 | 5.9 | 18.4 |
| Price / operating cash flow | 7.0 | — | 36.7 | 2.4 | — | 7.4 | 5.2 | 2.3 | 5.4 | 13.4 |
| EV / sales | -3.5 | -3.1 | -4.7 | -7.3 | -11.2 | -11.3 | -6.4 | -6.7 | -6.6 | -8.4 |
| Earnings yield | 7.9% | 9.1% | 7.7% | 9.7% | 8.1% | 9.3% | 7.6% | 10.9% | 5.8% | 7.0% |
| Free cash flow yield | 11.5% | −47.7% | −0.5% | 39.1% | −22.6% | 11.4% | 16.8% | 40.3% | 17.0% | 5.4% |
| Dividend yield | 3.0% | 3.5% | 3.8% | 3.4% | 2.6% | 3.4% | 3.1% | 3.5% | 2.1% | 2.3% |
| Shareholder yield (dividends + buybacks) | 6.5% | 13.3% | 19.2% | 9.0% | 6.9% | 7.6% | 11.3% | 5.5% | 5.9% | 7.2% |
| Share price at fiscal year-end | $129.01 | $98.15 | $77.46 | $77.57 | $93.00 | $72.78 | $79.10 | $63.07 | $97.61 | $77.72 |
| Per share | ||||||||||
| Revenue per share | $78.29 | $72.70 | $56.24 | $36.93 | $33.61 | $33.80 | $35.14 | $34.85 | $31.22 | $26.85 |
| Earnings per share | $10.19 | $8.89 | $5.95 | $7.50 | $7.52 | $6.78 | $6.00 | $6.89 | $5.67 | $5.41 |
| Operating cash flow per share | $18.50 | −$43.71 | $2.11 | $32.30 | −$18.75 | $9.89 | $15.23 | $27.03 | $18.23 | $5.78 |
| Free cash flow per share | $14.85 | −$46.77 | −$0.39 | $30.32 | −$21.01 | $8.32 | $13.27 | $25.41 | $16.56 | $4.23 |
| Cash per share | $505.22 | $445.20 | $417.18 | $395.03 | $512.48 | $513.72 | $344.00 | $337.33 | $344.30 | $346.79 |
| Book value per share | $96.33 | $83.80 | $72.88 | $68.06 | $76.44 | $73.37 | $65.38 | $65.71 | $58.70 | $53.57 |
| Tangible book value per share | $64.86 | $54.75 | $45.53 | $43.64 | $50.08 | $46.74 | $39.73 | $39.64 | $38.62 | $34.47 |
| Dividends per share | $3.88 | $3.42 | $2.97 | $2.63 | $2.42 | $2.49 | $2.49 | $2.20 | $2.02 | $1.83 |
| Capex per share | $3.65 | $3.06 | $2.50 | $1.98 | $2.27 | $1.57 | $1.95 | $1.62 | $1.68 | $1.55 |
| Debt per share | $103.12 | $121.74 | $74.61 | $49.36 | $42.40 | $59.38 | $38.67 | $40.55 | $41.05 | $43.97 |
| Shares outstanding | 289.0M | 302.2M | 326.6M | 370.1M | 358.0M | 357.1M | 373.7M | 376.5M | 380.2M | 396.1M |
| Change in shares outstanding | −4.4% | −7.5% | −11.8% | +3.4% | +0.2% | −4.4% | −0.7% | −1.0% | −4.0% | −4.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.1% | 10.9% | 7.9% | 10.6% | 10.1% | 9.6% | 9.1% | 11.0% | 9.9% | 10.1% |
| Return on assets (ROA) | 0.8% | 0.8% | 0.6% | 0.9% | 0.9% | 0.9% | 0.9% | 1.1% | 0.9% | 0.9% |
| Return on tangible assets | 0.8% | 0.8% | 0.7% | 0.9% | 0.9% | 0.8% | 0.9% | 1.1% | 0.9% | 0.9% |
| Free cash flow margin | 19.0% | −64.3% | −0.7% | 82.1% | −62.5% | 24.6% | 37.8% | 72.9% | 53.0% | 15.8% |
| Income quality (OCF / net income) | 1.82 | −4.92 | 0.35 | 4.31 | −2.49 | 1.46 | 2.54 | 3.92 | 3.22 | 1.07 |
| Financial health | ||||||||||
| Total debt | $29.80B | $36.79B | $24.37B | $18.27B | $15.18B | $21.20B | $14.45B | $15.27B | $15.61B | $17.41B |
| Cash & short-term investments | $146.02B | $134.55B | $136.24B | $146.20B | $183.45B | $183.45B | $128.54B | $127.00B | $130.91B | $137.36B |
| Net debt | −$116.21B | −$97.76B | −$111.87B | −$127.93B | −$168.27B | −$162.25B | −$114.09B | −$111.73B | −$115.30B | −$119.94B |
| Debt / equity | 1.07 | 1.45 | 1.02 | 0.73 | 0.55 | 0.81 | 0.59 | 0.62 | 0.70 | 0.82 |
| Debt / assets | 0.08 | 0.10 | 0.08 | 0.06 | 0.05 | 0.07 | 0.06 | 0.06 | 0.07 | 0.07 |
| Net debt / EBITDA | −27.12 | −24.44 | −34.98 | −28.54 | −35.59 | −36.80 | −28.18 | −25.96 | −28.26 | −39.34 |
| Current ratio | 0.68 | 0.51 | 0.63 | 0.57 | 0.68 | 0.69 | 0.64 | 0.63 | 0.66 | 0.78 |
| Quick ratio | 0.68 | 0.51 | 1.20 | 1.08 | 1.37 | 1.36 | 1.11 | 0.63 | 0.56 | 0.67 |
| Interest coverage | 0.4 | 0.4 | 0.4 | 2.2 | — | 7.7 | 2.0 | 3.1 | 5.0 | 5.0 |
| Working capital | −$88.91B | −$135.41B | −$84.89B | −$112.20B | −$87.68B | −$86.44B | −$75.43B | −$77.11B | −$69.09B | −$46.97B |
| Invested capital | −$88.37B | −$72.43B | −$88.07B | −$102.74B | −$140.91B | −$136.05B | −$89.66B | −$86.99B | −$92.99B | −$98.72B |
| Tangible asset value | $18.75B | $16.55B | $14.87B | $16.15B | $17.93B | $16.69B | $14.85B | $14.92B | $14.68B | $13.65B |
| Net current asset value | −$148.10B | −$187.89B | −$130.88B | −$125.04B | −$98.61B | −$100.24B | −$87.94B | −$88.20B | −$80.71B | −$58.40B |
| Graham number | $148.61 | $129.47 | $98.80 | $107.14 | $113.75 | $105.77 | $93.95 | $100.91 | $86.54 | $80.76 |
| Graham net-net per share | −$552.74 | −$628.04 | −$606.94 | −$521.95 | −$544.95 | −$543.87 | −$372.23 | −$237.02 | −$189.59 | −$136.24 |
| Capital allocation | ||||||||||
| Dividends paid | $1.12B | $1.03B | $970.0M | $972.0M | $866.0M | $889.0M | $930.0M | $828.0M | $768.0M | $723.0M |
| Share buybacks (net) | $1.31B | $2.90B | $3.88B | $1.62B | $1.44B | $1.09B | $2.42B | $474.0M | $1.42B | $1.49B |
| Dividend payout ratio | 38.0% | 38.4% | 49.9% | 35.0% | 32.2% | 36.7% | 41.5% | 31.9% | 35.6% | 33.7% |
| Dividends + buybacks / free cash flow | 56.5% | — | — | 23.1% | — | 66.7% | 67.5% | 13.6% | 34.7% | 131.8% |
| Capex / revenue | 4.7% | 4.2% | 4.4% | 5.4% | 6.7% | 4.6% | 5.6% | 4.6% | 5.4% | 5.8% |
| Capex / operating cash flow | 19.7% | — | 118.3% | 6.1% | — | 15.9% | 12.8% | 6.0% | 9.2% | 26.8% |
| Capex / depreciation | 1.90 | 1.53 | 0.93 | 0.63 | 0.52 | 0.37 | 0.55 | 0.51 | 0.59 | 0.66 |
| Stock-based compensation / revenue | 1.3% | — | 1.2% | 1.9% | −0.7% | 0.7% | 0.0% | 2.3% | 2.2% | 0.1% |
| SG&A / revenue | 23.2% | 22.1% | 25.6% | 32.8% | 38.7% | 36.8% | 34.8% | 37.4% | 37.8% | 42.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 387.0 | 87.1 | 101.4 | 113.5 | 121.5 | 125.1 | 117.8 | 115.4 | 453.7 | 856.5 |
| Days of inventory on hand | — | — | -7,436.6 | -37,517.4 | 2,268,316.8 | -111,807.1 | -12,961.3 | 3,816.9 | 12,730.7 | 9,882.9 |
| Days payables outstanding | — | — | — | 32,387.9 | -1,718,772.8 | 20,638.7 | 6,465.4 | 7,222.9 | 9,789.6 | 13,143.3 |
| Cash conversion cycle (days) | — | — | — | -69,791.8 | 3,987,211.2 | -132,320.6 | -19,308.9 | -3,290.6 | 3,394.8 | -2,403.9 |
| Receivables turnover | 0.94 | 4.19 | 3.60 | 3.22 | 3.00 | 2.92 | 3.10 | 3.16 | 0.80 | 0.43 |
| Payables turnover | — | — | — | 0.01 | −0.00 | 0.02 | 0.06 | 0.05 | 0.04 | 0.03 |
| Inventory turnover | — | — | — | — | — | — | — | 0.10 | 0.03 | 0.04 |
| Asset turnover | 0.06 | 0.07 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Average receivables | $23.99B | $5.24B | $5.10B | $4.25B | $4.01B | $4.14B | $4.24B | $4.15B | $14.76B | $24.96B |
| Average payables | — | — | — | $138.78B | $141.27B | $26.18B | $24.53B | $19.91B | $16.25B | $15.77B |
| Average inventory | — | — | −$131.76B | −$160.76B | −$186.44B | −$141.83B | −$49.18B | $10.52B | $21.14B | $11.86B |
| Intangibles / total assets | 2.5% | 2.5% | 3.0% | 3.0% | 3.0% | 3.0% | 3.9% | 4.0% | 3.2% | 3.1% |
Computed from STT's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
STT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), State Street traded at 12.7 times earnings, against a 10-year median of 12.5. Based on the latest twelve months, the trailing P/E is 13.5 and the forward P/E is 11.9. State Street earned a return on equity of 11.1% in fiscal 2025. It ended the year with $29.8 billion of debt and $146.0 billion in cash and short-term investments, a net cash position of $116.2 billion. It returned $2.4 billion to shareholders: $1.1 billion in dividends and $1.3 billion in share buybacks, 57% of free cash flow. The share count fell 27.0% from 396.1M to 289.0M over 9 years.
See the STT income statement, the STT chart for price history, or the STT stock overview for the latest quote and news.
STT key metrics FAQ
What is State Street's P/E ratio?
State Street's trailing P/E ratio is 13.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.9. At the end of fiscal 2025 it was 12.7, compared with a 10-year median of 12.5.
What is State Street's return on equity?
State Street's return on equity (ROE) was 11.1% in fiscal 2025: net income of $2.9 billion on average shareholders' equity of $26.6 billion.
How much debt does State Street have?
State Street had total debt of $29.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.07 and more cash than debt.
What is State Street's dividend yield?
State Street's forward dividend yield is 2.22%. State Street paid $1.1 billion in dividends in fiscal 2025 ($3.88 per share), a payout ratio of 38.0%.
Does State Street buy back its shares?
Yes. State Street spent $1.3 billion on net share repurchases in fiscal 2025 Shares outstanding changed −4.4% over the year, to 289.0M..
What is State Street's free cash flow yield?
State Street generated $4.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 11.5% on its market value at year-end ($37.3 billion).
What is State Street's current ratio?
State Street's current ratio was 0.68 at the end of fiscal 2025: current assets were 0.68 times current liabilities.