SNEXStoneX Group Inc.
Security & Commodity Brokers, Dealers, Exchanges & Services
- Revenue
- $3.1B
- 38% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $6.3B
- Employees
- 5,400
- $568K revenue each
- Net debt / EBITDA
- —
- −$373M net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo14× net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo90% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$568K · 11th pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$6.3B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$180M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.1B | $3.6B | $3.5B | $2.2B | $3.1B | 38% |
| Operating income | — | −$60M | −$63M | −$65M | — | |
| Net income | $116M | $207M | $239M | $261M | $306M | 17% |
| Operating cash flow | $2.1B | −$230M | −$24M | $507M | $4.4B | 766% |
| Capex | $62M | $50M | $47M | $65M | $65M | 0.3% |
| Stock-based comp | $14M | $18M | $28M | $37M | $49M | 32% |
| Buybacks | $12M | $0 | $0 | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $258K · 2
- Open-market sells, 12 mo
- $180M · 58
- Net
- −$180M
Pay vs performance
No pay-versus-performance disclosure yet.