StoneX Group (SNEX) AI Stock Analysis

• Market Cap: $5.02B
• Dividend Yield: N/A
• Average Volume (3M): 575.85K
• Price to Earnings (P/E): 17.4
• Beta (1Y): 0.82
• Revenue Growth: 53.19%
• EPS Growth: 23.89%
• Country: US
• Employees: 4,709
• Sector: Financial
• Sector Strength: 76
• Industry: Financial - Capital Markets
• EPS (TTM): 1.22
• Shares Outstanding: 49,088,287
• 10 Day Avg. Volume: 467,371
• 30 Day Avg. Volume: 575,852
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.53
• Enterprise Value/Revenue: 0.14
• Enterprise Value/Gross Profit: 0.14
• Enterprise Value/Ebitda: 9.87
• 1Y Price Target: $111.00
• Price Target Upside: 6.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: $111.00 ▲(6.57% Upside)

StoneX Group's overall stock score reflects strong technical indicators and positive corporate events, tempered by financial performance challenges and mixed earnings call sentiment. The company's robust revenue growth and strategic acquisitions are significant strengths, while high leverage and liquidity issues present risks.

Positive Factors

Earnings Performance

Both institutional and retail earnings increased more than 40%.

Growth Strategy

StoneX's growth trajectory remains intact, and the RJO deal should drive EPS over $8.00 by fiscal 2027.

Strategic Acquisitions

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

Negative Factors

Financial Leverage

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

Interest Rates Impact

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 profitability margins are constrained, and high leverage presents financial risk. The balance sheet reveals significant debt levels, while cash flows indicate current liquidity challenges. Despite solid revenue expansion, improving cash flow generation and managing leverage will be key 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: Positive
• Last Price: 104.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNEX, the sentiment is Positive. The current price of 104.16 is above the 20-day moving average (MA) of 95.15, above the 50-day MA of 94.38, and above the 200-day MA of 81.21, indicating a bullish trend. The MACD of 2.65 indicates Negative momentum. The RSI at 69.45 is Neutral, neither overbought nor oversold. The STOCH value of 96.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SNEX.

StoneX Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	80 Outperform	$5.75B	28.06	45.36%	3.63%	42.85%	1398.33%
LAZ	78 Outperform	$5.32B	19.46	50.41%	3.55%	10.40%	91.75%
PIPR	76 Outperform	$5.90B	27.75	17.91%	1.75%	10.46%	50.47%
BGC	71 Outperform	$4.65B	31.96	17.07%	0.82%	21.05%	23.00%
SNEX	69 Neutral	$5.02B	17.43	16.01%	―	53.19%	23.89%
Sector *	68 Neutral	$17.88B	11.66	10.24%	3.76%	9.66%	1.70%
PJT	64 Neutral	$6.16B	30.37	106.47%	0.57%	18.40%	54.77%

StoneX Group Corporate Events

StoneX Group Files Prospectus for Stock Resale

On August 29, 2025, StoneX Group Inc. filed a prospectus supplement for the resale of up to 3,085,554 shares of its common stock by selling stockholders. The company will not receive any proceeds from this sale, which is part of a shelf registration under the Securities Act of 1933.

StoneX Group Announces New Stock Repurchase Plan

On August 13, 2025, StoneX Group Inc.’s Board of Directors approved a new stock repurchase plan for fiscal year 2026, allowing the company to buy back up to 2.25 million shares of its common stock from October 1, 2025, to September 30, 2026. This move follows the expiration of the previous repurchase authorization on September 30, 2025, which allowed for the repurchase of up to 1.5 million shares, indicating a strategic effort to enhance shareholder value and optimize capital structure.

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.

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.

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.

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.

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.