State Street Corp
State Street Corporation provides various financial products and services to institutional investors. The company offers custody, accounting, and fund administration services for traditional and alternative assets, as well as multi-asset class investments; recordkeeping, client reporting, and investment book of record, transaction management, loans, cash, derivatives, and collateral services; inv… Read more
State Street Corp (STT) - Net Assets
Latest net assets as of September 2025: $27.64 Billion USD
Based on the latest financial reports, State Street Corp (STT) has net assets worth $27.64 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($371.07 Billion) and total liabilities ($343.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $27.64 Billion |
| % of Total Assets | 7.45% |
| Annual Growth Rate | 11.3% |
| 5-Year Change | -3.34% |
| 10-Year Change | 19.83% |
| Growth Volatility | 11.39 |
State Street Corp - Net Assets Trend (1989–2024)
This chart illustrates how State Street Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for State Street Corp (1989–2024)
The table below shows the annual net assets of State Street Corp from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $25.33 Billion | +6.42% |
| 2023-12-31 | $23.80 Billion | -5.53% |
| 2022-12-31 | $25.19 Billion | -7.94% |
| 2021-12-31 | $27.36 Billion | +4.44% |
| 2020-12-31 | $26.20 Billion | +7.24% |
| 2019-12-31 | $24.43 Billion | -1.24% |
| 2018-12-31 | $24.74 Billion | +10.84% |
| 2017-12-31 | $22.32 Billion | +5.17% |
| 2016-12-31 | $21.22 Billion | +0.40% |
| 2015-12-31 | $21.14 Billion | -0.90% |
| 2014-12-31 | $21.33 Billion | +4.66% |
| 2013-12-31 | $20.38 Billion | -2.35% |
| 2012-12-31 | $20.87 Billion | +7.58% |
| 2011-12-31 | $19.40 Billion | +9.06% |
| 2010-12-31 | $17.79 Billion | +22.75% |
| 2009-12-31 | $14.49 Billion | +13.44% |
| 2008-12-31 | $12.77 Billion | +13.05% |
| 2007-12-31 | $11.30 Billion | +55.81% |
| 2006-12-31 | $7.25 Billion | +13.90% |
| 2005-12-31 | $6.37 Billion | +3.38% |
| 2004-12-31 | $6.16 Billion | +7.17% |
| 2003-12-31 | $5.75 Billion | +20.05% |
| 2002-12-31 | $4.79 Billion | +24.50% |
| 2001-12-31 | $3.85 Billion | +17.87% |
| 2000-12-31 | $3.26 Billion | +23.00% |
| 1999-12-31 | $2.65 Billion | +14.76% |
| 1998-12-31 | $2.31 Billion | +15.84% |
| 1997-12-31 | $2.00 Billion | +12.39% |
| 1996-12-31 | $1.77 Billion | +11.81% |
| 1995-12-31 | $1.59 Billion | +28.96% |
| 1994-12-31 | $1.23 Billion | +11.40% |
| 1993-12-31 | $1.10 Billion | +15.94% |
| 1992-12-31 | $953.10 Million | +16.72% |
| 1991-12-31 | $816.60 Million | +17.48% |
| 1990-12-31 | $695.10 Million | +16.39% |
| 1989-12-31 | $597.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to State Street Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5356.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $29.58 Billion | 116.80% |
| Common Stock | $504.00 Million | 1.99% |
| Other Comprehensive Income | $-2.10 Billion | -8.29% |
| Total Equity | $25.33 Billion | 100.00% |
State Street Corp Competitors by Market Cap
The table below lists competitors of State Street Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hershey Co
NYSE:HSY
|
$31.93 Billion |
|
Doosan Heavy Ind. & Const.
KO:034020
|
$31.95 Billion |
|
Sungrow Power Supply Co Ltd
SHE:300274
|
$32.02 Billion |
|
GE HealthCare Technologies Inc.
NASDAQ:GEHC
|
$32.05 Billion |
|
Carnival Corporation
NYSE:CCL
|
$31.73 Billion |
|
Ferrovial SE
NASDAQ:FER
|
$31.67 Billion |
|
Carnival Plc ADS
NYSE:CUK
|
$31.61 Billion |
|
Agilent Technologies Inc
NYSE:A
|
$31.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in State Street Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,799,000,000 to 25,326,000,000, a change of 1,527,000,000 (6.4%).
- Net income of 2,687,000,000 contributed positively to equity growth.
- Dividend payments of 1,033,000,000 reduced retained earnings.
- Share repurchases of 2,902,000,000 reduced equity.
- New share issuances of 2,323,000,000 increased equity.
- Other comprehensive income increased equity by 254,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.69 Billion | +10.61% |
| Dividends Paid | $1.03 Billion | -4.08% |
| Share Repurchases | $2.90 Billion | -11.46% |
| Share Issuances | $2.32 Billion | +9.17% |
| Other Comprehensive Income | $254.00 Million | +1.0% |
| Other Changes | $198.00 Million | +0.78% |
| Total Change | $- | 6.42% |
Book Value vs Market Value Analysis
This analysis compares State Street Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 60.68x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $1.98 | $120.22 | x |
| 1990-12-31 | $2.31 | $120.22 | x |
| 1991-12-31 | $2.67 | $120.22 | x |
| 1992-12-31 | $3.03 | $120.22 | x |
| 1993-12-31 | $3.50 | $120.22 | x |
| 1994-12-31 | $3.69 | $120.22 | x |
| 1995-12-31 | $4.73 | $120.22 | x |
| 1996-12-31 | $5.39 | $120.22 | x |
| 1997-12-31 | $6.09 | $120.22 | x |
| 1998-12-31 | $7.05 | $120.22 | x |
| 1999-12-31 | $8.10 | $120.22 | x |
| 2000-12-31 | $9.94 | $120.22 | x |
| 2001-12-31 | $11.63 | $120.22 | x |
| 2002-12-31 | $14.62 | $120.22 | x |
| 2003-12-31 | $17.14 | $120.22 | x |
| 2004-12-31 | $18.14 | $120.22 | x |
| 2005-12-31 | $19.03 | $120.22 | x |
| 2006-12-31 | $21.60 | $120.22 | x |
| 2007-12-31 | $30.91 | $120.22 | x |
| 2008-12-31 | $30.70 | $120.22 | x |
| 2009-12-31 | $30.57 | $120.22 | x |
| 2010-12-31 | $35.72 | $120.22 | x |
| 2011-12-31 | $39.10 | $120.22 | x |
| 2012-12-31 | $43.38 | $120.22 | x |
| 2013-12-31 | $44.77 | $120.22 | x |
| 2014-12-31 | $49.37 | $120.22 | x |
| 2015-12-31 | $51.02 | $120.22 | x |
| 2016-12-31 | $53.57 | $120.22 | x |
| 2017-12-31 | $58.70 | $120.22 | x |
| 2018-12-31 | $65.71 | $120.22 | x |
| 2019-12-31 | $65.38 | $120.22 | x |
| 2020-12-31 | $73.37 | $120.22 | x |
| 2021-12-31 | $76.44 | $120.22 | x |
| 2022-12-31 | $68.06 | $120.22 | x |
| 2023-12-31 | $72.88 | $120.22 | x |
| 2024-12-31 | $83.80 | $120.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently State Street Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.23%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 13.95x
- Recent ROE (10.61%) is below the historical average (12.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 17.41% | 9.52% | 0.11x | 16.72x | $44.28 Million |
| 1990 | 16.88% | 8.88% | 0.11x | 16.76x | $47.79 Million |
| 1991 | 17.06% | 10.26% | 0.09x | 18.43x | $57.64 Million |
| 1992 | 16.83% | 16.28% | 0.06x | 17.30x | $65.09 Million |
| 1993 | 16.27% | 15.62% | 0.06x | 16.94x | $69.30 Million |
| 1994 | 16.85% | 15.38% | 0.06x | 17.65x | $84.30 Million |
| 1995 | 15.57% | 10.06% | 0.10x | 16.24x | $88.35 Million |
| 1996 | 16.51% | 10.67% | 0.09x | 17.76x | $115.50 Million |
| 1997 | 19.05% | 11.09% | 0.09x | 19.04x | $180.50 Million |
| 1998 | 18.87% | 10.30% | 0.09x | 20.37x | $204.90 Million |
| 1999 | 23.34% | 13.19% | 0.08x | 22.96x | $353.80 Million |
| 2000 | 18.24% | 10.05% | 0.09x | 21.24x | $268.80 Million |
| 2001 | 16.33% | 11.14% | 0.08x | 18.17x | $243.50 Million |
| 2002 | 21.20% | 18.81% | 0.06x | 17.92x | $536.30 Million |
| 2003 | 12.56% | 13.22% | 0.06x | 15.23x | $147.30 Million |
| 2004 | 12.96% | 13.62% | 0.06x | 15.27x | $182.10 Million |
| 2005 | 13.16% | 11.20% | 0.08x | 15.39x | $201.30 Million |
| 2006 | 15.25% | 11.61% | 0.09x | 14.80x | $380.80 Million |
| 2007 | 11.16% | 10.67% | 0.08x | 12.62x | $131.10 Million |
| 2008 | 14.18% | 14.94% | 0.07x | 13.59x | $533.60 Million |
| 2009 | -12.98% | -20.09% | 0.06x | 10.90x | $-3.33 Billion |
| 2010 | 8.75% | 16.01% | 0.06x | 9.02x | $-222.70 Million |
| 2011 | 9.90% | 18.81% | 0.05x | 11.18x | $-19.80 Million |
| 2012 | 9.88% | 20.36% | 0.05x | 10.67x | $-25.90 Million |
| 2013 | 10.06% | 19.95% | 0.04x | 11.94x | $12.20 Million |
| 2014 | 9.48% | 18.96% | 0.04x | 12.85x | $-110.80 Million |
| 2015 | 9.38% | 18.40% | 0.04x | 11.62x | $-130.30 Million |
| 2016 | 10.10% | 20.15% | 0.04x | 11.44x | $21.10 Million |
| 2017 | 9.66% | 18.16% | 0.05x | 10.68x | $-75.70 Million |
| 2018 | 10.48% | 19.76% | 0.05x | 9.89x | $119.30 Million |
| 2019 | 9.18% | 17.07% | 0.05x | 10.05x | $-201.10 Million |
| 2020 | 9.24% | 20.05% | 0.04x | 12.01x | $-200.00 Million |
| 2021 | 9.84% | 22.39% | 0.04x | 11.50x | $-43.30 Million |
| 2022 | 11.01% | 20.29% | 0.05x | 11.97x | $254.90 Million |
| 2023 | 8.17% | 10.58% | 0.06x | 12.49x | $-435.90 Million |
| 2024 | 10.61% | 12.23% | 0.06x | 13.95x | $154.40 Million |
Industry Comparison
This section compares State Street Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $505,123,774
- Average return on equity (ROE) among peers: -2.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| State Street Corp (STT) | $27.64 Billion | 17.41% | 12.42x | $31.73 Billion |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $1.38 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.60 Billion | 15.33% | 0.00x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $1.11 Billion | 1.70% | 0.06x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $317.00 Million | -43.61% | 0.05x | $72.80K |
| AGF Management Limited (AGFMF) | $1.02 Billion | 17.11% | 0.33x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $-40.08K | 0.00% | 0.00x | $2.71 Million |