C

State Street Corporation — Earnings Quality Grade C

STT · Financial Services

Some red flags

Revenue
$14.0B
2025
Net Income
$2.9B
2025
Gross Margin
Free Cash Flow
$10.8B
01

Screening Summary

9
Passed
2
Watch
1
Failed
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 131 days, change +3 days YoY

A2AR vs Revenue Growth

AR growth 10.5% vs revenue growth 8.1%

A3Revenue vs CFFO

Revenue 8.1%, CFFO 190.1%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth 13.9% vs revenue 8.1%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Insufficient data

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 4.04. Profits backed by cash

C2Free Cash Flow

FCF < 50% of Net Income for 2 years

C3Accruals Ratio

Accruals ratio = -2.4%. Low accruals

C4Cash vs Debt

Cash $131.4B covers debt $29.0B

04

Balance Sheet Health

!
D1Goodwill + Intangibles

Goodwill+Intangibles $9.1B = 33% of equity

D2Leverage

Insufficient data

D3Soft Asset Growth

Insufficient data

D4Asset Impairment

No write-off data

05

Acquisition Risk

!
E1Serial Acquirer FCF

FCF after acquisitions negative for 2/3 years

E2Goodwill Surge

Goodwill+Intangibles change 4% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Altman Z-Score — Not Applicable

State Street Corporation is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09

State Street Corporation (STT) Earnings Quality Grade C — EarningsGrade