BNY Mellon vs State Street
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KIRAβs take AI analyst
I put BNY Mellon and State Street side by side, using each oneβs latest annual report. Here is what stands out:
- BNY Mellon is the larger business, with $20.1B of revenue in fiscal 2025 against $13.9B for State Street.
- BNY Mellon grew revenue faster (7.9%, against 7.3%).
- Investors pay more for each dollar of BNY Mellonβs earnings: a P/E of 17.2x against 15.0x for State Street.
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
BNY Mellon
BNY
4/5
Revenue growth5-year growthNet marginReturn on equity
State Street
STT
1/5
Share count change
Side by side
Best in the row
| Latest fiscal year | BNY FY25 | STT FY25 |
|---|---|---|
| Size | ||
| Market cap | $105.5B | $49.1B |
| Revenue | $20.1B | $13.9B |
| Free cash flow | β | β |
| Net income | $5.5B | $2.9B |
| Growth | ||
| Revenue growth | 7.9% | 7.3% |
| 5-year growth | 4.9% | 3.6% |
| Share count change | β4.2% | β4.4% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 27.6% | 21.1% |
| FCF margin | β | β |
| Return on capital | β | β |
| Return on equity | 13.0% | 11.1% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $5.0B | $2.3B |
| Valuation & quality | ||
| P/E | 17.2x | 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.