MS vs SNEX
Morgan Stanley and StoneX Group Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MS | SNEX |
|---|---|---|
| Revenue | $70.6B | $132.4B |
| Net income | $16.9B | $305.9M |
| Gross margin | · | · |
| Net margin | 24.1% | · |
| Return on equity | 15.6% | 15.0% |
| Diluted EPS | $10.21 | $5.89 |
| Dividend / share | $3.85 | · |
| Payout ratio | 39.1% | · |
| Free cash flow | · | $4.3B |
| Equity | $111.6B | $2.4B |
| Net debt / equity | 2.06× | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 7.7% | 19.6% |
| Profit CAGR 5y | 8.9% | 12.5% |
SNEX bills 1.9× the revenue of MS.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MS | SNEX |
|---|---|---|
| FY2025 | $70.6B | $132.4B |
| FY2024 | $61.8B | $99.9B |
| FY2023 | $54.1B | $60.9B |
| FY2022 | $53.7B | $66.0B |
| FY2021 | $59.8B | $42.5B |
| FY2020 | $48.8B | $54.1B |
| FY2019 | $41.5B | $32.9B |
| FY2018 | $40.1B | $27.6B |
| FY2017 | $37.9B | $29.4B |
| FY2016 | $34.6B | $14.8B |
Bottom line
| Fiscal year | MS | SNEX |
|---|---|---|
| FY2025 | $16.9B | $305.9M |
| FY2024 | $13.4B | $260.8M |
| FY2023 | $9.1B | $238.5M |
| FY2022 | $11.0B | $207.1M |
| FY2021 | $15.0B | $116.3M |
| FY2020 | $11.0B | $169.6M |
| FY2019 | $9.0B | $85.1M |
| FY2018 | $8.7B | $55.5M |
| FY2017 | $6.1B | $6.4M |
| FY2016 | $6.0B | $54.7M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$61,733,200,000 | SNEX |
| FY2024 | −$38,126,800,000 | SNEX |
| FY2023 | −$6,713,100,000 | SNEX |
| FY2022 | −$12,368,000,000 | SNEX |
| FY2021 | +$17,220,800,000 | MS |
| FY2020 | −$5,382,600,000 | SNEX |
| FY2019 | +$8,641,000,000 | MS |
| FY2018 | +$12,484,300,000 | MS |
| FY2017 | +$8,521,400,000 | MS |
| FY2016 | +$19,876,100,000 | MS |
| FY2015 | +$461,800,000 | MS |
| FY2014 | +$252,600,000 | MS |
| FY2013 | −$10,000,400,000 | SNEX |
| FY2012 | −$40,515,400,000 | SNEX |
| FY2011 | −$40,664,300,000 | SNEX |
| FY2010 | −$15,710,300,000 | SNEX |
| FY2009 | −$20,323,700,000 | SNEX |
The higher-revenue side has changed between MS and SNEX over this period. The gap has widened since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MS's net margin has been more volatile than SNEX's over the 4 comparable fiscal years — 6.9 percentage points of standard deviation against 0.1.
4 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MS led in net margin in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SNEX's return on equity has been more volatile than MS's over the 17 comparable fiscal years — 6.4 percentage points of standard deviation against 4.0.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MS and SNEX over these 17 fiscal years — MS led in 4 and SNEX in 13.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.