Stonex Group Inc (SNEX)
🔔 Watch stock
StoneX clears and brokers trades across more than 40 derivatives exchanges — and lights up 24 filters in our in-house stock scanner, led by stage-2 momentum (scanner run of July 17, 2026; metrics data as of July 10, 2026). We read the annual reports (10-K) for fiscal years 2024 and 2025 and the quarterly report (10-Q) as of March 31, 2026: "revenues" of $132.4 billion of which $128.3 billion flow right back out, an interest engine running on client money, a half-year profit above the entire prior year, a billion-dollar acquisition — and bad debts that jumped a hundredfold in the latest quarter. Not investment advice — just a field guide to a balance sheet that looks bigger than it is.
Appears in These Scanners
This stock currently matches 23 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Quality & Screener
AI Rating
NeutralGeprüft am 17.07.2026 gegen die Geschäftsberichte (10-K) für die Geschäftsjahre 2025 (eingereicht 28.11.2025) und 2024 (29.11.2024) sowie die vier jüngsten Quartalsberichte (10-Q, zum 31.03.2026, 31.12.2025, 30.06.2025 und 31.03.2025): In den ausgewerteten SEC-Filings der StoneX Group Inc. findet sich kein einziger Treffer zu „artificial intelligence“, „machine learning“, „generative“ oder „AI“ — weder als Umsatzquelle noch als operativer Einsatz noch als konkretes Geschäftsrisiko. Der Finanzdienstleister (Broker, Clearing, Zahlungsverkehr, physischer Rohstoffhandel) beschreibt seine Technologie-Plattformen ohne jeden KI-Bezug. Dokumentierter Negativ-Befund → „neutral“.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-05-06 · 10-Q 2026-02-04 · 10-Q 2025-08-07 · 10-Q 2025-05-07 · 10-K 2025-11-28 · 10-K 2024-11-29
Rated on July 17, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.17 | -20.90 | 27,935 | 42.70 | 0.30 | -478 | -491 |
| 2025: Q1 | 0.97 | -13.90 | 36,891 | 66.90 | 0.20 | -155 | -170 |
| 2025: Q2 | 0.85 | -34.90 | 34,829 | 28.70 | 0.20 | 1,491 | 1,475 |
| 2025: Q3 | 1.09 | -32.00 | 32,723 | 5.10 | 0.30 | 3,529 | 3,509 |
| 2025: Q4 | 1.73 | 48.20 | 39,030 | 39.70 | 0.40 | -1,262 | -1,277 |
| 2026: Q1 | 2.14 | 121.00 | 45,763 | 24.00 | 0.40 | 4,212 | 4,191 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
Net income of $238.5, $260.8 and $305.9 million in fiscal years 2023 through 2025, return on equity of 15.6 percent — and $313.3 million already earned in the first half of fiscal year 2026, more than in the entire prior year; operating revenues up 64 percent in the January-through-March 2026 quarter (10-Q as of 03/31/2026).
Of the $132.4 billion in fiscal 2025 total revenues, $128.5 billion is pass-through physical commodities; management itself calls operating revenues ($4,126.9 million) the more useful measure (10-K, Item 7). Screener values like a 0.07 price-to-sales or 1.4 price-to-cash-flow ratio are artifacts here, not buy arguments — the net margin on the flow-through is 0.2 to 0.4 percent.
$1,734.3 million of interest income in fiscal year 2025, largely earned on client balances on deposit; the company's own risk factors warn that declining short-term rates or shrinking deposits "may have a material adverse effect" on profitability (10-K, Item 1A). The RJO deal enlarged the interest engine — and with it this flank.
Bad debts in the January-through-March 2026 quarter: $12.4 million after $0.1 million a year earlier, $8.0 million of it in the metals business (10-Q, Item 2); $53.6 billion in total assets on roughly $2.7 billion of equity (about a 5 percent ratio) — industry-standard, but with no tolerance for one big failure.
Five acquisitions in fiscal year 2025 alone (including R.J. O'Brien for $651.9 million in cash plus 3,085,554 shares, and Benchmark), goodwill up $238.0 million, new $625 million of 6.875% notes due 2032, diluted share count up about 10 percent — the integration is delivering so far (RJO: $414.5 million in half-year operating revenues), but the interest burden and dilution will remain even when the momentum fades.
24 scanner hits, a stage-2 uptrend, an RS rating of 95, plus 136 percent in twelve months and two 3-for-2 splits — set against a trailing P/E around 24, four times book value, 13 insider sales versus 1 purchase (including the CEO) and just two analyst estimates (data as of July 10, 2026).
StoneX is a highly profitable financial toll-booth operator in top form: record profits, a half-year above the entire prior year, broad momentum and an acquisition that strengthens the network. But the most eye-catching screener metric — the 0.07 price-to-sales ratio — is an optical illusion built from $128 billion of pass-through commodities, the net margin on it is paper-thin, profit hangs noticeably on U.S. interest rates, and $53.6 billion in assets rest on roughly 5 percent equity. Whoever invests here buys a very well-run, highly leveraged network business at four times book — not the bargain from the screener. Not investment advice.
- SNEX reached the research list through the momentum/stage-2 run of our in-house stock scanner on July 17, 2026, with 24 hits; the underlying metrics carry a data cut-off of July 10, 2026.
- Scanner metrics (P/S, P/CF, P/E, Piotroski, fundamental grade) are computed on trailing twelve-month figures and treat the gross revenues of the physical commodities business like ordinary revenue — which is exactly why StoneX appears in cheapness rankings although the real price-to-revenue ratio sits around 2.7.
- Price and valuation figures are dated July 10, 2026 (about $137.30, about $10.9 billion in market value); analyses are evergreen, daily prices are not a buy argument. The fiscal year ends September 30; share counts and earnings per share are comparable only on a split-adjusted basis after the 3-for-2 splits of 03/21/2025 and 03/20/2026.
About the Company
StoneX Group Inc. ist ein globales Finanzdienstleistungsnetzwerk, das Unternehmen, Organisationen, Trader und Anleger mit einem Marktökosystem in den USA, Europa, Südamerika, dem Nahen Osten, Asien und international verbindet.
| CEO Insider Trades (12 Mo.) | selling own stock |
|---|---|
| Employees | 5,307 |
| Headquarters | New York, NY |
| Website | stonex.com |
| IPO Date | 15. Nov 1996 |
| Next Earnings | 4. Aug 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Philip Andrew Smith | Group CEO & Director | 1972 |
| Sean Michael O'Connor | Executive Vice-Chairman | 1962 |
| William John Dunaway | Chief Financial Officer | 1972 |
| Stuart Andrew Sam Davison | Chief Operating Officer | 1985 |
| Gregory Kallinikos | Chief Executive Officer of the Asia Pacific | 1979 |
| Charles Martin Lyon | Group President & Director | 1976 |
| Aaron M. Schroeder | Chief Accounting Officer | 1976 |
| Abigail Hannah Perkins | Chief Information Officer | 1970 |
| Kevin T. Murphy | Group Treasurer & Investor Relation | – |
| Diego Andres Rotsztain J.D. | Chief Governance & Legal Officer | 1970 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.