Blackstone vs State Street
Blackstone and State Street are similar in size: $14.45bn and $13.94bn of revenue in their latest fiscal years. Blackstone grew faster (9.2% against 7.3%). State Street kept more of each dollar of sales as profit: a net margin of 21.1% against 20.9%.
| Latest fiscal year | BlackstoneBX, 2025 | State StreetSTT, 2025 |
|---|---|---|
| Revenue | $14.45bn | $13.94bn |
| Revenue growth | 9.2% | 7.3% |
| Net income | $3.02bn | $2.94bn |
| Operating margin | — | — |
| Net margin | 20.9% | 21.1% |
| Return on equity | 35.8% | 11.1% |
| Free cash flow | $4.55bn | $10.84bn |
| Cash | $2.63bn | $4.43bn |
| Total debt | $12.58bn | $28.96bn |
| Debt to equity | 145.1% | — |
| Dividend per share | $4.69 | $3.20 |
| Dividend yield | 7.1% | 2.5% |
| Share buybacks | — | $1.20bn |
| Employees | — | — |
| Market value | $88.66bn | $46.27bn |
| Price vs our value range | — | — |
| Moat score | 77 (Strong) | 62 (Moderate) |
| Insider trades, 12 months | 33 buys, 45 sales | 1 buys, 18 sales |