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Side-by-side financial comparison of SMITHFIELD FOODS INC (SFD) and State Street Corporation (STT). Click either name above to swap in a different company.

SMITHFIELD FOODS INC is the larger business by last-quarter revenue ($3.8B vs $3.7B, roughly 1.0× State Street Corporation). State Street Corporation runs the higher net margin — 20.4% vs 6.6%, a 13.8% gap on every dollar of revenue. On growth, State Street Corporation posted the faster year-over-year revenue change (7.5% vs 0.8%). Over the past eight quarters, State Street Corporation's revenue compounded faster (8.1% CAGR vs 6.8%).

Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792. As of the third quarter of 2025, State Street is one of the world's largest asset managers and custodians, with approximately US$5.4 trillion in assets under management and US$51.7 trillion under custody and administration.

SFD vs STT — Head-to-Head

Bigger by revenue
SFD
SFD
1.0× larger
SFD
$3.8B
$3.7B
STT
Growing faster (revenue YoY)
STT
STT
+6.7% gap
STT
7.5%
0.8%
SFD
Higher net margin
STT
STT
13.8% more per $
STT
20.4%
6.6%
SFD
Faster 2-yr revenue CAGR
STT
STT
Annualised
STT
8.1%
6.8%
SFD

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
SFD
SFD
STT
STT
Revenue
$3.8B
$3.7B
Net Profit
$249.0M
$747.0M
Gross Margin
13.4%
Operating Margin
8.8%
25.0%
Net Margin
6.6%
20.4%
Revenue YoY
0.8%
7.5%
Net Profit YoY
9.8%
-4.6%
EPS (diluted)
$2.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SFD
SFD
STT
STT
Q1 26
$3.8B
Q4 25
$4.2B
$3.7B
Q3 25
$3.7B
$3.5B
Q2 25
$3.8B
$3.4B
Q1 25
$3.8B
$3.3B
Q4 24
$4.0B
$3.4B
Q3 24
$3.3B
$3.3B
Q2 24
$3.2B
Net Profit
SFD
SFD
STT
STT
Q1 26
$249.0M
Q4 25
$327.0M
$747.0M
Q3 25
$248.0M
$861.0M
Q2 25
$188.0M
$693.0M
Q1 25
$224.0M
$644.0M
Q4 24
$205.0M
$783.0M
Q3 24
$291.0M
$730.0M
Q2 24
$711.0M
Gross Margin
SFD
SFD
STT
STT
Q1 26
13.4%
Q4 25
14.2%
Q3 25
12.8%
Q2 25
13.2%
Q1 25
13.5%
Q4 24
13.5%
Q3 24
14.3%
Q2 24
Operating Margin
SFD
SFD
STT
STT
Q1 26
8.8%
Q4 25
9.5%
25.0%
Q3 25
8.3%
31.1%
Q2 25
6.9%
25.8%
Q1 25
8.5%
25.0%
Q4 24
8.5%
28.1%
Q3 24
8.5%
28.4%
Q2 24
28.6%
Net Margin
SFD
SFD
STT
STT
Q1 26
6.6%
Q4 25
7.7%
20.4%
Q3 25
6.6%
24.3%
Q2 25
5.0%
20.1%
Q1 25
5.9%
19.6%
Q4 24
5.2%
22.9%
Q3 24
8.7%
22.4%
Q2 24
22.3%
EPS (diluted)
SFD
SFD
STT
STT
Q1 26
Q4 25
$0.83
$2.41
Q3 25
$0.63
$2.78
Q2 25
$0.48
$2.17
Q1 25
$0.57
$2.04
Q4 24
$0.54
$2.43
Q3 24
$0.77
$2.26
Q2 24
$2.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SFD
SFD
STT
STT
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$6.9B
$27.8B
Total Assets
$12.0B
$366.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SFD
SFD
STT
STT
Q1 26
$1.4B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
SFD
SFD
STT
STT
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
Q2 24
Stockholders' Equity
SFD
SFD
STT
STT
Q1 26
$6.9B
Q4 25
$6.8B
$27.8B
Q3 25
$6.5B
$27.6B
Q2 25
$6.3B
$27.3B
Q1 25
$6.2B
$26.7B
Q4 24
$5.8B
$25.3B
Q3 24
$25.8B
Q2 24
$24.8B
Total Assets
SFD
SFD
STT
STT
Q1 26
$12.0B
Q4 25
$12.2B
$366.0B
Q3 25
$11.5B
$371.1B
Q2 25
$11.2B
$376.7B
Q1 25
$11.1B
$372.7B
Q4 24
$11.1B
$353.2B
Q3 24
$338.5B
Q2 24
$325.6B
Debt / Equity
SFD
SFD
STT
STT
Q1 26
Q4 25
0.29×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.34×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SFD
SFD
STT
STT
Operating Cash FlowLast quarter
$10.0B
Free Cash FlowOCF − Capex
$9.8B
FCF MarginFCF / Revenue
266.6%
Capex IntensityCapex / Revenue
2.3%
7.3%
Cash ConversionOCF / Net Profit
13.44×
TTM Free Cash FlowTrailing 4 quarters
$10.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SFD
SFD
STT
STT
Q1 26
Q4 25
$938.0M
$10.0B
Q3 25
$13.0M
$7.9B
Q2 25
$274.0M
$-8.4B
Q1 25
$-166.0M
$2.4B
Q4 24
$-7.4B
Q3 24
$2.7B
Q2 24
$-7.6B
Free Cash Flow
SFD
SFD
STT
STT
Q1 26
Q4 25
$842.0M
$9.8B
Q3 25
$-75.0M
$7.7B
Q2 25
$196.0M
$-8.8B
Q1 25
$-245.0M
$2.2B
Q4 24
$-7.7B
Q3 24
$2.5B
Q2 24
$-7.9B
FCF Margin
SFD
SFD
STT
STT
Q1 26
Q4 25
19.9%
266.6%
Q3 25
-2.0%
216.0%
Q2 25
5.2%
-254.1%
Q1 25
-6.5%
66.1%
Q4 24
-225.1%
Q3 24
75.9%
Q2 24
-246.2%
Capex Intensity
SFD
SFD
STT
STT
Q1 26
2.3%
Q4 25
2.3%
7.3%
Q3 25
2.3%
6.9%
Q2 25
2.1%
9.3%
Q1 25
2.1%
6.9%
Q4 24
2.1%
7.3%
Q3 24
2.8%
7.2%
Q2 24
6.7%
Cash Conversion
SFD
SFD
STT
STT
Q1 26
Q4 25
2.87×
13.44×
Q3 25
0.05×
9.18×
Q2 25
1.46×
-12.18×
Q1 25
-0.74×
3.72×
Q4 24
-9.49×
Q3 24
3.71×
Q2 24
-10.75×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SFD
SFD

Segment breakdown not available.

STT
STT

Other$2.2B59%
Investment Management$729.0M20%
Management Services$662.0M18%
Other Fee Revenue$56.0M2%
Securities Financing Services$54.0M1%

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