StoneX Group Inc. (SNEX) intrinsic value & 10-year financials
StoneX Group Inc. (SNEX) has a Graham intrinsic value of $126.43 per share. At $57.16 on Oct 17, 2026, the stock trades 55% below that value. Over the last 10 fiscal years revenue shrank 16.0% a year to $3.1B, with an average return on invested capital of 11.8%.
- Graham intrinsic value
- $126.43
- Share price (Oct 17, 2026)
- $57.16
- Price vs Graham value
- 55% below
- Market cap
- $2.9B
- Revenue (FY2025)
- $3.1B
- Revenue growth (10-yr CAGR)
- -16.0%
- ROIC (10-yr avg)
- 11.8%
- Free cash flow (FY2025)
- $4.3B
SNEX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.1B | $305.9M | $5.89 | $4.3B | — | — |
| FY2024 | $2.2B | $260.8M | $7.96 | $441.7M | -2.9% | — |
| FY2023 | $3.5B | $238.5M | $11.18 | -$70.6M | -1.8% | — |
| FY2022 | $3.6B | $207.1M | $10.01 | -$279.0M | -1.6% | — |
| FY2021 | $2.1B | $116.3M | $5.74 | $2.1B | — | — |
| FY2020 | $487.3M | $169.6M | $8.61 | $1.9B | — | — |
| FY2019 | $452.0M | $85.1M | $4.39 | $183.7M | — | 16.8% |
| FY2018 | $462.9M | $55.5M | $2.87 | -$86.5M | — | 12.6% |
| FY2017 | $383.6M | $6.4M | $0.31 | -$2.2M | — | 1.8% |
| FY2016 | $14.8B | $54.7M | $2.90 | -$43.2M | — | 15.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
StoneX Group Inc. is facing top-line stagnation, with revenue contracting over the decade.
StoneX Group Inc. returns on capital have been average, hovering around 11.8% ROIC over the decade.
StoneX Group Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, StoneX Group Inc. is modeled at 8.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $126.43 per share.