State Street Corp
—- Market cap
- $53.36B
- 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 LUV $194.26 current versus $471.43 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 LUV'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 edge
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) · LUV 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 81% equity / 19% debt · EV / Revenue 0.74x · EV / EBITDA 20.96x
STT carries the larger enterprise value at $385.54B against $20.73B; LUV trades on the lower EV / Revenue multiple (0.74x vs 27.65x); LUV on the lower EV / EBITDA (20.96x 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.
SOUTHWEST AIRLINES CO. · implied price per share
Latest annual free cash flow must be positive to qualify 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
0.57x
Net debt / EBITDA
Leverage against operating earnings
—
1.36x
Cash and equivalents
Liquid reserves on the balance sheet
—
$3.23B
Total debt
Interest-bearing obligations outstanding
$332.18B
$4.58B
Comparable set
Where the pair sits against the wider comparable set.
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