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BGC vs StoneX: revenue, profit, margins and growth compared

BGC brought in $2.9B of revenue in fiscal 2025, StoneX $132.4B in fiscal 2025. Revenue changed by +30.0% at BGC and +32.5% at StoneX on the year before, so StoneX grew faster. BGC kept 5.3% of its revenue as net profit, StoneX 0.2%. Free cash flow was $372.9M at BGC and $4.3B at StoneX.

Side by side, latest fiscal year

BGCSNEX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$2.9B$132.4B
Revenue growth+30.0%+32.5%
Net income$155M$305.9M
Net margin5.3%0.2%
Free cash flow$372.9M$4.3B
Free cash flow margin12.7%3.3%
Earnings per share (diluted)$0.31$5.89
Cash$851.5M$1.6B
Debt$1.5Bn/a
Price to earnings38.211.3
Market value$5.6B$8.1B
Dividend yield0.68%n/a
Rank by revenue in sector#123 of 444 · Finance#4 of 444 · Finance

Over the years

Revenue
BGC FY2018: $1.9BBGC FY2019: $2.1BBGC FY2020: $2.1BBGC FY2021: $2BBGC FY2022: $1.8BBGC FY2023: $2BBGC FY2024: $2.3BBGC FY2025: $2.9BSNEX FY2018: $27.6BSNEX FY2019: $32.9BSNEX FY2020: $54.1BSNEX FY2021: $42.5BSNEX FY2022: $66BSNEX FY2023: $60.9BSNEX FY2024: $99.9BSNEX FY2025: $132.4BFY18FY19FY20FY21FY22FY23FY24FY25
BGC $2.9BSNEX $132.4B
Net income
BGC FY2018: $202.2MBGC FY2019: $43.9MBGC FY2020: $50.9MBGC FY2021: $153.5MBGC FY2022: $58.9MBGC FY2023: $38.8MBGC FY2024: $123.2MBGC FY2025: $155MSNEX FY2018: $55.5MSNEX FY2019: $85.1MSNEX FY2020: $169.6MSNEX FY2021: $116.3MSNEX FY2022: $207.1MSNEX FY2023: $238.5MSNEX FY2024: $260.8MSNEX FY2025: $305.9MFY18FY19FY20FY21FY22FY23FY24FY25
BGC $155MSNEX $305.9M
Net margin
BGC FY2018: 10.4%BGC FY2019: 2.1%BGC FY2020: 2.5%BGC FY2021: 7.6%BGC FY2022: 3.3%BGC FY2023: 1.9%BGC FY2024: 5.4%BGC FY2025: 5.3%SNEX FY2018: 0.2%SNEX FY2019: 0.3%SNEX FY2020: 0.3%SNEX FY2021: 0.3%SNEX FY2022: 0.3%SNEX FY2023: 0.4%SNEX FY2024: 0.3%SNEX FY2025: 0.2%FY18FY19FY20FY21FY22FY23FY24FY25
BGC 5.3%SNEX 0.2%
Revenue growth
BGC FY2019: +8.6%BGC FY2020: -2.3%BGC FY2021: -2.0%BGC FY2022: -10.9%BGC FY2023: +12.8%BGC FY2024: +11.7%BGC FY2025: +30.0%SNEX FY2019: +19.1%SNEX FY2020: +64.6%SNEX FY2021: -21.4%SNEX FY2022: +55.3%SNEX FY2023: -7.8%SNEX FY2024: +64.1%SNEX FY2025: +32.5%FY19FY20FY21FY22FY23FY24FY25
BGC +30.0%SNEX +32.5%
Free cash flow
BGC FY2018: -$91.9MBGC FY2019: $194.4MBGC FY2020: $271.8MBGC FY2021: $407.1MBGC FY2022: $213.8MBGC FY2023: $390.3MBGC FY2024: $285.7MBGC FY2025: $372.9MSNEX FY2018: -$486.1MSNEX FY2019: $183.7MSNEX FY2020: $1.9BSNEX FY2021: $2.1BSNEX FY2022: -$279MSNEX FY2023: -$70.6MSNEX FY2024: $441.7MSNEX FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
BGC $372.9MSNEX $4.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about BGC and StoneX

Which is bigger by revenue, BGC or StoneX?

StoneX is bigger by revenue: $132.4B in fiscal 2025, against $2.9B for BGC in fiscal 2025.

Which keeps more of its revenue as profit, BGC or StoneX?

BGC had a net margin of 5.3% in fiscal 2025; StoneX had 0.2% in fiscal 2025.

Which grew revenue faster, BGC or StoneX?

In their latest fiscal years revenue changed by +30.0% at BGC and +32.5% at StoneX.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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