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Stonex Group Inc Financials

SNEX
FY2025 annual
Revenue $132.4B +32.5% YoY
Net Income $305.9M +17.3% YoY
EPS (Diluted) $5.89 YoY not available
Free Cash Flow $4.3B +878.7% YoY
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE September

Stonex Group Inc (SNEX) reported $132.4B in revenue for fiscal year 2025, up 32.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SNEX FY2025

StoneX runs a high-volume, thin-spread model where working-capital swings dominate both reported earnings and cash.

From FY2023 to FY2025, revenue more than doubled to $132.4B while net income rose only to $305.9M and net margin slipped to 0.2%. At the same time, operating cash flow swung from -$23.7M to $4.39B, which says the business is driven less by fixed investment than by tiny spreads on very large flows and by operating-balance timing that can overwhelm accounting profit in a given year.

FY2025 free cash flow reached $4.32B against net income of $305.9M, a gap too large to explain with ordinary capital spending alone. With capex only $65.4M, StoneX looks light on fixed-asset reinvestment; the bigger driver of cash is funding and release of operating balances, not building out physical infrastructure.

The balance sheet expanded to $45.3B of assets and $42.9B of liabilities in FY2025, showing how much day-to-day activity is carried on obligations rather than permanent equity capital. With return on assets at just 0.7% and debt-to-equity at 18.0x, small spreads on a huge base matter more than wide margins, and financial leverage remains central to how the business scales.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Earnings Growth Capital Efficiency CreditQuality Stability 47 / 100
Financial Health Score 47/100
Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Stonex Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings
43
Growth
94
Capital
2
Efficiency
100
Credit Quality
0

Not available for Stonex Group Inc, and counted as zero in the overall score.

Stability
43
Piotroski F-Score Partial
3/7

Stonex Group Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
14.35x

For every $1 of reported earnings, Stonex Group Inc generates $14.35 in operating cash flow ($4.4B OCF vs $305.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$132.4B
YoY+32.5%
5Y CAGR+19.6%
10Y CAGR+14.3%

Stonex Group Inc generated $132.4B in revenue in fiscal year 2025. This represents an increase of 32.5% from the prior year.

Net Income
$305.9M
YoY+17.3%
5Y CAGR+12.5%
10Y CAGR+18.6%

Stonex Group Inc reported $305.9M in net income in fiscal year 2025. This represents an increase of 17.3% from the prior year.

EPS (Diluted)
$5.89

Stonex Group Inc earned $5.89 per diluted share (EPS) in fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
$4.3B
YoY+878.7%
5Y CAGR+17.5%
10Y CAGR+65.1%

Stonex Group Inc generated $4.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 878.7% from the prior year.

Cash & Debt
$1.6B
YoY+26.5%
5Y CAGR+11.0%
10Y CAGR+19.6%

Stonex Group Inc held $1.6B in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding
117M

Stonex Group Inc had 117M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
3.1%
YoY-0.3pp
5Y CAGR+0.7pp
10Y CAGR+1.3pp

Stonex Group Inc's gross margin was 3.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Net Margin
0.2%
YoY0.0pp
5Y CAGR-0.1pp
10Y CAGR+0.1pp

Stonex Group Inc's net profit margin was 0.2% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.

Return on Equity
12.9%
YoY-2.4pp
5Y CAGR-9.2pp
10Y CAGR-1.2pp

Stonex Group Inc's ROE was 12.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures
$65.4M
YoY+0.3%
5Y CAGR+31.6%
10Y CAGR+21.8%

Stonex Group Inc invested $65.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

SNEX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SNEX annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Revenue$157.7B$132.4B+32.5%$99.9B+64.1%$60.9B-7.8%$66.0B+55.3%$42.5B-21.4%$54.1B+64.6%$32.9B+19.1%$27.6B-6.1%$29.4B+99.4%$14.8B-57.5%$34.7BN/AN/AN/AN/A
Cost of Revenue$152.0B$128.3B+33.0%$96.5B+66.5%$57.9B-9.4%$63.9B+56.5%$40.9B-22.7%$52.8B+66.2%$31.8B+19.3%$26.6B-7.0%$28.6B+103.3%$14.1B-58.7%$34.1BN/AN/AN/AN/A
Gross Profit$5.7B$4.1B+20.1%$3.4B+17.9%$2.9B+38.3%$2.1B+26.0%$1.7B+27.9%$1.3B+18.3%$1.1B+13.4%$975.8M+24.5%$784.0M+16.8%$671.0M+7.5%$624.3M+27.2%$490.9M+4.8%$468.2M+4.5%$448.1M+6.9%$419.1M
SG&A Expenses$1.5B$1.1B+17.5%$942.4M+8.5%$868.6M+9.3%$794.8M+17.0%$679.1M+30.9%$518.7M+32.0%$393.1M+16.4%$337.7M+14.2%$295.7M+12.1%$263.9M+5.1%$251.1M+24.4%$201.9M+1.6%$198.7M+0.8%$197.2M+11.7%$176.6M
Operating IncomeN/AN/A-$64.7M-2.9%-$62.9M-5.7%-$59.5MN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Interest Expense$1.8B$1.4B+25.7%$1.1B+39.1%$802.2M+492.0%$135.5M+173.2%$49.6M-38.3%$80.4M-43.4%$142.0M+101.4%$70.5M+67.5%$42.1M+48.8%$28.3M+65.5%$17.1M+62.9%$10.5M+32.9%$7.9M+41.1%$5.6M-50.4%$11.3M
Income Tax$154.1M$102.9M+10.3%$93.3M+10.4%$84.5M+20.5%$70.1M+85.4%$37.8M+1.9%$37.1M+43.2%$25.9M-43.7%$46.0M+422.7%$8.8M-51.1%$18.0M-19.6%$22.4M+250.0%$6.4M+146.2%$2.6M-52.7%$5.5M-73.7%$20.9M
Net Income$526.9M$305.9M+17.3%$260.8M+9.4%$238.5M+15.2%$207.1M+78.1%$116.3M-31.4%$169.6M+99.3%$85.1M+53.3%$55.5M+767.2%$6.4M-88.3%$54.7M-1.8%$55.7M+188.6%$19.3M0.0%$19.3M+50.8%$12.8M-63.2%$34.8M
EPS (Diluted)$5.89$5.31+6.8%$4.97$6.67$5.74-33.3%$8.61+96.1%$4.39+53.0%$2.87+825.8%$0.31-89.3%$2.90+1.0%$2.87+192.9%$0.98+1.0%$0.97+51.6%$0.64-65.0%$1.83

Not reported in any period shown, so not listed: R&D Expenses.

TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

SNEX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SNEX annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Total Assets$45.3B+64.8%$27.5B+25.2%$21.9B+10.5%$19.9B+5.4%$18.8B+39.8%$13.5B+35.6%$9.9B+27.0%$7.8B+25.3%$6.2B+4.9%$6.0B+17.4%$5.1B+66.8%$3.0B+6.7%$2.8B-3.6%$3.0B+12.2%$2.6B
Cash & Equivalents$1.6B+26.5%$1.3B+14.5%$1.1B0.0%$1.1B-0.1%$1.1B+16.5%$952.6M+102.1%$471.3M+37.7%$342.3M+8.7%$314.9M-0.4%$316.2M+17.9%$268.1M+15.9%$231.3M+48.2%$156.1M-33.9%$236.3M+7.1%$220.6M
Inventory$917.5M+34.7%$681.1M+26.8%$537.3M+4.6%$513.5M+14.7%$447.5M+59.2%$281.1M+22.6%$229.3M+3.1%$222.5M+78.3%$124.8M+0.8%$123.8MN/AN/A$59.0M-55.2%$131.6M-18.1%$160.6M
Accounts ReceivableN/AN/AN/AN/AN/AN/A$422.3M+46.6%$288.0M+23.8%$232.7M+19.6%$194.5M-10.5%$217.3M+290.8%$55.6M-40.4%$93.3M+35.4%$68.9M-40.6%$115.9M
Goodwill$298.3M+389.0%$61.0M+2.9%$59.3M+1.9%$58.2M+0.2%$58.1M+6.2%$54.7M+6.8%$51.2M+5.8%$48.4M+2.8%$47.1M-0.8%$47.5M0.0%$47.5M0.0%$47.5M0.0%$47.5M+6.3%$44.7M+5.2%$42.5M
Total Liabilities$42.9B+66.5%$25.8B+25.3%$20.6B+9.4%$18.8B+4.8%$17.9B+41.1%$12.7B+36.0%$9.3B+27.6%$7.3B+26.3%$5.8B+5.0%$5.5B+18.1%$4.7B+73.4%$2.7B+7.2%$2.5B-4.8%$2.6B+12.9%$2.3B
Long-Term DebtN/AN/AN/AN/AN/AN/A$167.6MN/AN/AN/AN/AN/AN/AN/AN/A
Total Equity$2.4B+39.1%$1.7B+23.9%$1.4B+28.9%$1.1B+18.4%$904.0M+17.8%$767.5M+29.2%$594.2M+17.6%$505.3M+12.3%$449.9M+3.7%$433.8M+9.2%$397.1M+15.0%$345.4M+3.0%$335.4M+7.1%$313.2M+5.7%$296.3M
Retained Earnings$1.7B+22.0%$1.4B+23.1%$1.1B+26.8%$889.6M+30.3%$682.5M+19.2%$572.4M+42.4%$402.1M+26.8%$317.0M+21.2%$261.5M+2.5%$255.1M+27.3%$200.4M+38.5%$144.7M+15.4%$125.4M+18.2%$106.1M+9.4%$97.0M

Not reported in any period shown, so not listed: Current Assets, Current Liabilities.

SNEX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SNEX annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Operating Cash Flow$3.9B$4.4B+765.7%$506.9M+2238.8%-$23.7M+89.7%-$229.5M-110.8%$2.1B+8.8%$2.0B+897.2%$195.6M+141.3%-$473.6M-145.7%$1.0B+3831.7%-$27.8M-173.4%$37.9M-71.4%$132.6M+195.3%$44.9M+148.8%-$92.1M-144.1%$209.0M
Capital Expenditures$73.2M$65.4M+0.3%$65.2M+39.0%$46.9M-5.3%$49.5M-20.3%$62.1M+274.1%$16.6M+39.5%$11.9M-4.8%$12.5M-22.4%$16.1M+4.5%$15.4M+69.2%$9.1M+111.6%$4.3M-12.2%$4.9M-43.7%$8.7M-13.9%$10.1M
Free Cash Flow$3.8B$4.3B+878.7%$441.7M+725.6%-$70.6M+74.7%-$279.0M-113.5%$2.1B+6.5%$1.9B+952.8%$183.7M+137.8%-$486.1M-147.6%$1.0B+2464.1%-$43.2M-250.0%$28.8M-77.6%$128.3M+220.8%$40.0M+139.7%-$100.8M-150.7%$198.9M
Investing Cash Flow-$468.4M-$465.5M-630.8%-$63.7M-20.2%-$53.0M-7.1%-$49.5M+17.2%-$59.8M+75.2%-$241.6M-492.2%-$40.8M-164.9%-$15.4M+30.9%-$22.3M+37.2%-$35.5M-129.0%-$15.5M-260.5%-$4.3M-184.3%$5.1M+125.5%-$20.0M+7.0%-$21.5M
Financing Cash Flow$800.0M$914.8M+386.6%$188.0M+211.0%-$169.3M-357.3%$65.8M+284.8%-$35.6M-111.4%$312.3M+3153.1%$9.6M-92.1%$120.9M+2021.1%$5.7M-95.3%$121.0M+706.7%$15.0M+130.7%-$48.8M+62.4%-$129.7M-200.5%$129.0M+366.5%-$48.4M
Share BuybacksN/AN/AN/A$0$0-100.0%$11.7M+56.0%$7.5M+97.4%$3.8M$0$0-100.0%$19.5M+314.9%$4.7M-51.5%$9.7M+148.7%$3.9M-2.5%$4.0M$0

Not reported in any period shown, so not listed: Dividends Paid.

TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

SNEX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SNEX annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Gross Margin3.1%-0.3pp3.4%-1.3pp4.8%+1.6pp3.2%-0.7pp3.9%+1.5pp2.4%-0.9pp3.4%-0.2pp3.5%+0.9pp2.7%-1.9pp4.5%+2.8pp1.8%N/AN/AN/AN/A
Operating MarginN/A-0.1%0.0pp-0.1%0.0pp-0.1%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Net Margin0.2%0.0pp0.3%-0.1pp0.4%+0.1pp0.3%0.0pp0.3%0.0pp0.3%+0.1pp0.3%+0.1pp0.2%+0.2pp0.0%-0.4pp0.4%+0.2pp0.2%N/AN/AN/AN/A
Return on Equity12.9%-2.4pp15.3%-2.0pp17.3%-2.1pp19.4%+6.5pp12.9%-9.2pp22.1%+7.8pp14.3%+3.3pp11.0%+9.6pp1.4%-11.2pp12.6%-1.4pp14.0%+8.4pp5.6%-0.2pp5.8%+1.7pp4.1%-7.7pp11.7%
Return on Assets0.7%-0.3pp0.9%-0.1pp1.1%+0.1pp1.0%+0.4pp0.6%-0.6pp1.3%+0.4pp0.9%+0.1pp0.7%+0.6pp0.1%-0.8pp0.9%-0.2pp1.1%+0.5pp0.6%0.0pp0.7%+0.2pp0.4%-0.9pp1.3%
Debt-to-Equity18.04+3.0x15.07+0.2x14.91-2.7x17.56-2.3x19.84+3.3x16.56+16.3x0.28-14.2x14.49+1.6x12.88+0.2x12.72+0.9x11.77+4.0x7.80+0.3x7.49-0.9x8.43+0.5x7.89
FCF Margin3.3%+2.8pp0.4%+0.6pp-0.1%+0.3pp-0.4%-5.3pp4.8%+1.3pp3.6%+3.0pp0.6%+2.3pp-1.8%-5.2pp3.5%+3.8pp-0.3%-0.4pp0.1%N/AN/AN/AN/A

Not reported in any period shown, so not listed: Current Ratio.

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Frequently Asked Questions

What is Stonex Group Inc's annual revenue?

Stonex Group Inc (SNEX) reported $132.4B in total revenue for fiscal year 2025. This represents a 32.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Stonex Group Inc's revenue growing?

Stonex Group Inc (SNEX) revenue grew by 32.5% year-over-year, from $99.9B to $132.4B in fiscal year 2025.

Is Stonex Group Inc profitable?

Yes, Stonex Group Inc (SNEX) reported a net income of $305.9M in fiscal year 2025, with a net profit margin of 0.2%.

Stonex Group Inc (SNEX) reported diluted earnings per share of $5.89 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Stonex Group Inc (SNEX) had a gross margin of 3.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Stonex Group Inc (SNEX) had a net profit margin of 0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Stonex Group Inc (SNEX) has a return on equity of 12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Stonex Group Inc (SNEX) generated $4.3B in free cash flow during fiscal year 2025. This represents a 878.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Stonex Group Inc (SNEX) generated $4.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Stonex Group Inc (SNEX) had $45.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Stonex Group Inc (SNEX) invested $65.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Stonex Group Inc (SNEX) had 117M shares outstanding as of fiscal year 2025.

Stonex Group Inc (SNEX) had a debt-to-equity ratio of 18.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Stonex Group Inc (SNEX) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Stonex Group Inc (SNEX) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Stonex Group Inc (SNEX) has an earnings quality ratio of 14.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Stonex Group Inc (SNEX) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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