Raymond James Financial vs State Street
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KIRAβs take AI analyst
I put Raymond James Financial and State Street side by side, using each oneβs latest annual report. Here is what stands out:
- Raymond James Financial is the larger business, with $15.9B of revenue in fiscal 2025 against $13.9B for State Street.
- State Street grew revenue faster (7.3%, against 6.6%).
- Investors pay more for each dollar of State Streetβs earnings: a P/E of 15.0x against 13.8x for Raymond James Financial.
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
Raymond James Financial
RJF
2/5
5-year growthReturn on equity
State Street
STT
3/5
Revenue growthNet marginShare count change
Side by side
Best in the row
| Latest fiscal year | RJF FY25 | STT FY25 |
|---|---|---|
| Size | ||
| Market cap | $32.7B | $49.1B |
| Revenue | $15.9B | $13.9B |
| Free cash flow | β | β |
| Net income | $2.1B | $2.9B |
| Growth | ||
| Revenue growth | 6.6% | 7.3% |
| 5-year growth | 14.3% | 3.6% |
| Share count change | β2.7% | β4.4% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 13.4% | 21.1% |
| FCF margin | β | β |
| Return on capital | β | β |
| Return on equity | 17.7% | 11.1% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $416M | $2.3B |
| Valuation & quality | ||
| P/E | 13.8x | 15.0x |
| Piotroski F-score | β | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.