SNEX
StoneX Group Inc.
SNEX's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 10x. Analysts expect strong earnings growth.
SNEX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
SNEX's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like SNEX.
SNEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8x | $33.61 | -41% |
| Fair | 10x | $43.51 | -24% |
| Forward | 13x | $57.11 | — |
| Current | 14x | $57.11 | — |
| Expensive | 15x | $64.87 | +14% |
Historical ranges are pointers, not guarantees.
SNEX's PE is in its expensive range at 14x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
SNEX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SNEX, with profitability improving.
SNEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.42 | +5.6% |
| Q2 2026 | $4.19 | +61% |
| Q1 2026 | $3.73 | +42% |
| Q4 2025 | $2.98 | +20% |
| Q3 2025 | $2.62 | +11% |
| Q2 2025 | $2.61 | +22% |
| Q1 2025 | $2.62 | +18% |
| Q4 2024 | $2.48 | +17% |
| Q3 2024 | $2.36 | +6.8% |
SNEX's earnings per share have climbed steadily: $4.19 over the past year, up 61% from the year before, and higher year over year for eight quarters in a row.
SNEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $719.7M | +47% |
| Q1 2026 | $829.1M | +70% |
| Q4 2025 | $724.4M | +47% |
| Q3 2025 | $585.1M | +29% |
| Q2 2025 | $488.3M | +4.2% |
| Q1 2025 | $487.3M | +15% |
| Q4 2024 | $492.1M | +17% |
| Q3 2024 | $454.8M | +13% |
SNEX's revenue has grown year over year for 13 quarters in a row: $720M last quarter, up 47% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 22% | +24 points |
| Q1 2026 | 27% | +29 points |
| Q4 2025 | 26% | +30 points |
| Q3 2025 | 19% | +21 points |
| Q2 2025 | -2.2% | +3.5 points |
| Q1 2025 | -1.8% | +1.3 points |
| Q4 2024 | -4.3% | -0.6 points |
| Q3 2024 | -2.1% | -21 points |
SNEX's operating margin was 22% last quarter, up 24 points from the same quarter a year ago.
SNEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.2B | -183% |
| Q1 2026 | $2.8B | +$2.9B |
| Q4 2025 | -$1.3B | -$785.5M |
| Q3 2025 | $3.5B | +1895% |
| Q2 2025 | $1.5B | +$2.1B |
| Q1 2025 | -$169.8M | -122% |
| Q4 2024 | -$491.4M | -452% |
| Q3 2024 | $175.9M | -51% |
SNEX's free cash flow was $3.8B over the past year, about four times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like SNEX.
SNEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +2.3M shares |
| 1 year | +11% | +12.1M shares |
| 3 years | +19% | +19.9M shares |
| 5 years | +24% | +24M shares |
| Available history | +29% | +28.2M shares |
SNEX has 124M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q3 2021 | $8.6M |
| Q2 2021 | $3.1M |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $7.1M |
SNEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.0x | Net Cash |
| Q1 2026 | -2.6x | Net Cash |
| Q4 2025 | -3.1x | Net Cash |
| Q3 2025 | -6.1x | Net Cash |
| Q2 2025 | -71.1x | Net Cash |
| Q2 2024 | -14.8x | Net Cash |
| Q1 2024 | -5.5x | Net Cash |
| Q4 2023 | -1.5x | Net Cash |
SNEX has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like SNEX.
SNEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.2 | Neutral |
| Stochastic | 11.8 | Oversold |
SNEX's weekly RSI is 41 (neutral) and its Stochastic is 12 (oversold).
SNEX PE vs Financial Services Sector
| Metric | SNEX | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 4.8% above |
| PE % | 76 | 63 | 13 pts above |
SNEX is trading at 14x earnings, in line with the Financial Services sector's median of 13x.
SNEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $59.0 | 3.2% below |
| 20 week MA | $66.4 | 14% below |
| 50 week MA | $62.7 | 8.8% below |
| 100 week MA | $50.4 | 13% above |
| 200 week MA | $35.6 | 60% above |
SNEX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 60% above its 200-week average.
SNEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.59 | $11.2 | +17% |
| 2021 | $11.2 | $12.1 | +7.7% |
| 2022 | $12.1 | $19.1 | +58% |
| 2023 | $19.1 | $21.9 | +15% |
| 2024 | $21.9 | $29.4 | +34% |
| 2025 | $29.4 | $44.5 | +52% |
| 2026 YTD | $44.5 | $57.1 | +28% |
SNEX has finished every year since 2020 higher, and it's up 28% so far in 2026.