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State Street STT Free cash flow margin

Free cash flow margin at other companies

Northern Trust logo
Northern TrustNTRS
65.1%-24.5pp
SS&C Technologies logo
SS&C TechnologiesSSNC
26.5%+2.8pp
Blackrock logo
BlackrockBLK
14.3%-4.6pp
T Rowe Price Group logo
T Rowe Price GroupTROW
24%
BEN
Franklin ResourcesBEN
11%+1.6pp
Charles Schwab Corporation logo
Charles Schwab CorporationSCHW
176.7%

Other financials

Income statement

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Revenue$3.8B+15.6%
Net income$764.0M+18.6%
EPS (diluted)$2.49+22.1%

Balance sheet

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Cash & equivalents$6.5B+39.9%
Total debt$25.2B+1.6%
Total equity$27.7B+3.9%
Total assets$392.17B+5.2%

Cash flow

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Operating cash flow-$12.1B-607%
CapEx$270.0M+19.5%
Free cash flow-$12.4B-672%

Valuation

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Market cap$46.58B+36.6%
Enterprise value$65.3B+17.3%
P/E15.2×+3.3×
P/S3.2×+0.6×

Profitability

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Net margin21.2%-0.6pp

Returns & leverage

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Return on equity11.3%0.0pp
Debt / equity0.9×0.0×

Where this comes from

Calculated from State Street’s reported figures.

Based on trailing twelve months.

The official record: State Street’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is State Street's free cash flow margin?
State Street (STT) reported free cash flow margin of -25.9% in Q1 2026.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.