STTSTATE STREET CORP
State Commercial Banks
- Revenue
- $13.9B
- 7.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $46.3B
- Employees
- 52,000
- $268K revenue each
- Net debt / EBITDA
- —
- −$4.0B net debt
- AI in 10-K
- 1.3
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$17M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo404% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo19% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$268K · 68th pctBottom quartile of its SIC industry
- Quiet on AINo1.3 per 10K words · 42nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$46.3B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$24M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $12.0B | $12.1B | $11.9B | $13.0B | $13.9B | 7.3% |
| Net income | $2.7B | $2.8B | $1.9B | $2.7B | $2.9B | 9.6% |
| Operating cash flow | −$6.7B | $12.0B | $690M | −$13.2B | $11.9B | 190% |
| Capex | $811M | $734M | $816M | $926M | $1.1B | 14% |
| Buybacks | $900M | $1.5B | $3.8B | $1.3B | $1.2B | 9.0% |
| Dividends | $866M | $972M | $970M | $1.0B | $1.1B | 8.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $312K · 1
- Open-market sells, 12 mo
- $25M · 19
- Net
- −$24M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $20M | $43M | 207 | 196 |
| FY2024 | $17M | $28M | 152 | 148 |
| FY2023 | $13M | $11M | 117 | 108 |
| FY2022 | $18M | $10M | 113 | 109 |
| FY2021 | $14M | $23M | 131 | 138 |