Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Sep 30, 2025Overview and Growth
In fiscal 2025, StoneX Group Inc. recorded $132.38B of revenue, net income of $305.90M, and an operating cash inflow of $4.39B. The $132.38B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 32.5% above fiscal 2024 revenue of $99.89B, marking a year-over-year increase. The company reported diluted EPS of $5.89, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 10.9% increase from fiscal 2024 diluted EPS of $5.31. Diluted shares averaged 50.12M; this is the reported share base over which the company’s diluted per-share earnings were spread. The company employed $45.27B of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 2.92x, showing the sales generated relative to the resources carried on the balance sheet.Profitability
Gross profit was $4.13B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 3.1% of revenue, quantifying the portion retained before operating expenses were recognized. The bottom-line result was net income of $305.90M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 0.2% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $408.80M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 0.3%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $102.90M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 25.2%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 12.9%, indicating the profitability achieved on book capital. Return on period-end assets was 0.7%, connecting net income with the company’s total asset base. The company moved from fiscal 2024 net income of $260.80M to $305.90M, with the current outcome ending above that comparison.Liquidity and Capital Structure
The company held $45.27B of assets against $42.89B of liabilities and $2.38B of equity, revealing how the asset base was financed. Cash and equivalents totaled $1.61B, identifying the most liquid reported component available within the broader current-asset balance. The equity-to-assets relationship was 5.3%, placing book capital against the total resource base. The liabilities-to-assets relationship was 94.7%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 3.5%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 64.8% from $27.47B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 39.1% from $1.71B in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 26.5% from $1.27B in fiscal 2024, ending higher year over year.Cash Flow and Earnings Quality
The company reported $4.39B of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 14.35x, showing the relationship between accrual earnings and operating cash. Capital spending was $65.40M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 1.5% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $4.32B of positive free cash flow for the period. Free cash flow represented 3.3% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 9.5%, comparing post-investment cash with the balance-sheet asset base.
Based on the annual report for the fiscal year ending Sep 30, 2025.
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