State Street Corp
—- Market cap
- $53.37B
- Debt
- +$332.18B
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 14% equity / 86% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: STT stock price at discount vs ALK $194.29 current versus $476.12 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ALK's multiple
Implied fair value · at STT's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: STT FY 2025 (ended Dec 31, 2025) · ALK FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 14% equity / 86% debt
Capital structure 45% equity / 55% debt · EV / Revenue 0.70x · EV / EBITDA 19.59x
STT carries the larger enterprise value at $385.55B against $9.91B; ALK trades on the lower EV / Revenue multiple (0.70x vs 27.65x); ALK on the lower EV / EBITDA (19.59x vs 30.22x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
STATE STREET CORP · implied price per share
At least 3 of the last 5 annual free-cash-flow observations must be positive.
ALASKA AIR GROUP, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
11.93x
1.42x
Net debt / EBITDA
Leverage against operating earnings
—
10.32x
Cash and equivalents
Liquid reserves on the balance sheet
—
$627.00M
Total debt
Interest-bearing obligations outstanding
$332.18B
$5.85B
Comparable set
Where the pair sits against the wider comparable set.
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