KKR & Co. Inc. (KKR) vs State Street Corporation (STT)

KKR & Co. Inc. and State Street Corporation are both Asset Management companies. KKR & Co. Inc. is the larger, with a market value of $86.4B against $49.8B — 1.7× the size. State Street Corporation trades at the lower P/E: 15.7× against 28.8×. KKR & Co. Inc. grew revenue faster over the last twelve months: 31.1% against 2.00%. KKR & Co. Inc. has the higher net margin (14.0% vs 14.0%) and the higher return on invested capital (1.08% vs 0.00%). Both pay a dividend; State Street Corporation yields more (3.93% vs 0.73%). Across the 22 metrics below, State Street Corporation leads on 14 and KKR & Co. Inc. on 8.

Valuation

Metric KKR STT Asset Management median
P/E 28.77 15.73 14.62
P/S 4.06 2.18 2.97
P/B 1.16 2.03 0.94
Price to free cash flow 37.00 24.80 8.93
EV/EBITDA 69.76 n/m 10.32
EV/Sales 5.58 (3.63) 5.72
Earnings yield 3.48% 6.36% 4.53%
Free cash flow yield 2.70% 4.03% 4.65%

Profitability

Metric KKR STT Asset Management median
Gross margin 44.08% 65.45% 100.00%
Operating margin 8.92% 0.00% 33.03%
Net margin 14.03% 14.00% 13.53%
Free cash flow margin 10.98% 8.78% 12.44%
Return on equity 4.23% 13.29% 4.83%
Return on assets 0.75% 0.81% 1.57%
Return on invested capital 1.08% 0.00% 3.04%

Growth

Metric KKR STT Asset Management median
Revenue growth (TTM) 31.14% 2.00% 6.97%
EPS growth (last fiscal year) (28.66%) 14.49% —
Revenue growth, 5-year CAGR 35.69% 13.38% 12.13%
Net income growth, 5-year CAGR 2.96% 3.78% 0.00%

Health

Metric KKR STT Asset Management median
Debt to equity 0.69 0.91 0.42
Current ratio 0.09 0.59 1.28
Net debt to EBITDA 61.23 0.00 1.06

Dividend

Metric KKR STT Asset Management median
Dividend yield 0.73% 3.93% 6.92%
Payout ratio — 0.34 0.77

Size

Metric KKR STT Asset Management median
Market cap 86.42b 49.75b 721.34m

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