StoneX Group (SNEX) AI Stock Analysis

• Market Cap: $4.66B
• Dividend Yield: N/A
• Average Volume (3M): 495.05K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.80
• Revenue Growth: 53.19%
• EPS Growth: 23.89%
• Country: US
• Employees: 4,709
• Sector: Financial
• Sector Strength: 71
• Industry: Financial - Capital Markets
• EPS (TTM): 1.22
• Shares Outstanding: 52,164,562
• 10 Day Avg. Volume: 819,486
• 30 Day Avg. Volume: 495,050
• PEG Ratio: -0.33
• Price to Book (P/B): 1.46
• Price to Sales (P/S): 0.03
• P/FCF Ratio: 5.66
• Enterprise Value/Market Cap: 3.80
• Enterprise Value/Revenue: 0.14
• Enterprise Value/Gross Profit: 0.14
• Enterprise Value/Ebitda: 9.87
• 1Y Price Target: $87.00
• Price Target Upside: -2.70% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 67 Neutral
• Price Target: $87.00 ▼(-2.70% Downside)

StoneX Group's overall score reflects strong revenue growth and strategic acquisitions, offset by high leverage and liquidity challenges. The stock's technical indicators suggest a bearish trend, but valuation remains reasonable. Positive earnings call sentiment and corporate events support a cautiously optimistic outlook.

Positive Factors

Earnings Growth

Both institutional and retail earnings increased more than 40%.

Mergers and Acquisitions

The announced R.J. O’Brien (RJO) deal has the potential to generate significant stock upside.

Revenue Synergies

Management expects $50 million of cost synergies on a run-rate basis, with revenue synergies likely to be multiples of this.

Negative Factors

Commercial Performance

The modest miss was due to weak commercial results.

Financial Leverage

The acquisition's funding with a combination of debt and equity may lead to increased financial leverage for Stonex Group.

Interest Rate Risks

Declining interest rates should be a headwind to ROE over the next few years.

StoneX Group Business Overview & Revenue Model

Company Description

StoneX Group Inc. is a global financial services firm that provides a wide range of financial solutions for commercial clients, institutional investors, and retail customers. Operating primarily in the sectors of commodities, foreign exchange, and risk management, StoneX offers services such as market access, trade execution, clearing, and advisory services. The company focuses on enhancing the financial outcomes for its clients through innovative technology and personalized service.

How the Company Makes Money

StoneX Group generates revenue through multiple streams, primarily by providing trade execution and clearing services for various financial instruments, including commodities and foreign exchange. The company earns fees and commissions on the transactions it facilitates, which can include both spot and derivative products. Additionally, StoneX derives income from advisory services, where it offers customized solutions to its clients based on market conditions. Significant partnerships with financial institutions and technology providers enhance its market reach and operational efficiency, further contributing to its earnings.

StoneX Group Financial Statement Overview

Summary

StoneX Group shows strong revenue growth but faces challenges with low profitability margins, high leverage, and liquidity issues. Debt levels are significant, and cash flow generation needs improvement for sustainable financial health.

Income Statement

StoneX Group's revenue has shown significant growth, rising from $4.54 billion in 2021 to $123.03 billion in TTM, showcasing robust revenue expansion. The gross profit margin for TTM is approximately 1.96%, with an EBIT margin of 1.39% and a net profit margin of 0.24%. These margins indicate moderate profitability, with room for improvement in cost management and operational efficiency. Revenue growth is a positive indicator, but profit margins are relatively low for the industry.

Balance Sheet

The debt-to-equity ratio has increased significantly in TTM, indicating a high level of leverage, with total debt at $13.97 billion compared to $1.88 billion in equity. The equity ratio is about 6.01%, suggesting a highly leveraged balance sheet. Return on equity (ROE) is approximately 15.69% for TTM, which is a positive sign of profitability relative to shareholder investment. However, the high leverage poses potential risks.

Cash Flow

The operating cash flow for TTM is negative at -$1.06 billion, indicating potential liquidity issues. The free cash flow has declined from $510 million in 2020 to -$1.13 billion in TTM, reflecting challenges in generating positive cash flows. The negative operating and free cash flows highlight concerns regarding cash management efficiency, although historical positive cash flow years provide some reassurance.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	123.03B	99.89B	60.86B	66.04B	42.53B	54.14B
Gross Profit	126.24B	98.95B	1.61B	861.30M	561.80M	451.90M
EBITDA	1.80B	1.60B	1.22B	517.70M	293.70M	340.30M
Net Income	295.40M	260.80M	238.50M	207.10M	116.30M	169.60M
Balance Sheet
Total Assets	31.28B	27.47B	21.94B	19.86B	18.84B	13.47B
Cash, Cash Equivalents and Short-Term Investments	1.31B	1.27B	1.11B	1.11B	1.11B	952.60M
Total Debt	13.97B	11.32B	6.48B	5.35B	146.60M	118.70M
Total Liabilities	29.40B	25.76B	20.56B	18.79B	17.94B	12.71B
Stockholders Equity	1.88B	1.71B	1.38B	1.07B	904.00M	767.50M
Cash Flow
Free Cash Flow	-1.13B	441.70M	-70.60M	-279.00M	2.06B	1.93B
Operating Cash Flow	-1.06B	506.90M	-23.70M	-229.50M	2.12B	1.95B
Investing Cash Flow	-80.30M	-63.70M	-53.00M	-49.50M	-135.00M	-241.60M
Financing Cash Flow	-287.30M	188.00M	-169.30M	65.80M	-35.60M	312.30M

StoneX Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 89.41
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNEX, the sentiment is Neutral. The current price of 89.41 is below the 20-day moving average (MA) of 93.42, below the 50-day MA of 90.45, and above the 200-day MA of 78.33, indicating a neutral trend. The MACD of -0.46 indicates Positive momentum. The RSI at 44.77 is Neutral, neither overbought nor oversold. The STOCH value of 41.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SNEX.

StoneX Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	79 Outperform	$5.74B	28.01	45.36%	3.59%	42.85%	1398.33%
PIPR	76 Outperform	$5.75B	27.44	17.91%	1.72%	10.46%	50.47%
PJT	76 Outperform	$6.18B	30.50	106.47%	0.56%	18.40%	54.77%
LAZ	74 Outperform	$4.85B	17.79	50.41%	3.88%	10.40%	91.75%
BGC	73 Outperform	$5.01B	33.91	17.07%	0.78%	21.16%	25.01%
Sector *	67 Neutral	$17.22B	11.28	10.45%	3.94%	10.30%	1.07%
SNEX	67 Neutral	$4.66B	15.24	16.01%	―	53.19%	23.89%

StoneX Group Corporate Events

StoneX Group Completes Acquisition of R.J. O’Brien

On July 31, 2025, StoneX Group Inc. announced the completion of its acquisition of R.J. O’Brien, the oldest independent futures brokerage in the U.S. This acquisition positions StoneX as the largest non-bank Futures Commission Merchant in the U.S. and enhances its global derivatives capabilities. The merger is expected to bring significant revenue synergies, cost savings, and capital synergies, while expanding StoneX’s client float by nearly $6 billion. The integration aims to strengthen StoneX’s role in the global financial infrastructure and deliver enhanced services and reach to clients.

The most recent analyst rating on (SNEX) stock is a Buy with a $95.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.

StoneX Group Issues $625M Notes for Acquisition

On July 8, 2025, StoneX Escrow Issuer LLC, a subsidiary of StoneX Group Inc., issued $625 million in Senior Secured Notes to fund the proposed acquisition of RTS Investor Corp. The notes, maturing in 2032, come with specific conditions and covenants, impacting the company’s financial operations and obligations. The issuance reflects StoneX’s strategic move to expand its market presence through acquisition, with implications for its financial structure and stakeholder interests.

The most recent analyst rating on (SNEX) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.

StoneX Group Prices $625M Notes for Acquisition

On June 23, 2025, StoneX Group Inc. announced the pricing of a $625 million offering of senior secured notes due 2032, issued by its subsidiary StoneX Escrow Issuer LLC. This offering is linked to StoneX’s proposed acquisition of R.J. O’Brien, with the proceeds intended to finance the merger. The notes will be secured by a lien on the escrowed proceeds until the merger closes, after which they will be guaranteed by StoneX’s subsidiaries. The acquisition, announced on April 13, 2025, is expected to enhance StoneX’s market position and operational capabilities.

The most recent analyst rating on (SNEX) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.

StoneX Group Announces $625M Senior Notes Offering

On June 23, 2025, StoneX Group Inc. announced the start of an offering through its subsidiary, StoneX Escrow Issuer LLC, to issue $625 million in senior secured notes due 2032. This move is part of StoneX’s proposed acquisition of R.J. O’Brien, with the subsidiary merging into StoneX upon the merger’s completion. The offering is exempt from registration under the Securities Act of 1933, and the company provided updated information to prospective investors. This strategic financial maneuver aims to strengthen StoneX’s market position and expand its operational capabilities, potentially impacting stakeholders through enhanced service offerings and market reach.

The most recent analyst rating on (SNEX) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.

StoneX Group Amends Credit Facility Agreement

On June 3, 2025, StoneX Group Inc. entered into a Restatement Agreement to amend and restate its existing senior secured credit facility, originally established on February 22, 2019. The agreement, involving several major financial institutions, increases the facility size to $650 million, extends its maturity to June 3, 2028, and enhances flexibility and capacity regarding covenants and default thresholds. This facility will continue to support the working capital needs of StoneX Group and its subsidiaries, potentially strengthening its financial position and operational capabilities.

The most recent analyst rating on (SNEX) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.