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

Marex brought in $2B of revenue in fiscal 2025, StoneX $132.4B in fiscal 2025. Revenue changed by +26.9% at Marex and +32.5% at StoneX on the year before, so StoneX grew faster. Marex kept 14.5% of its revenue as net profit, StoneX 0.2%. Free cash flow was $654.4M at Marex and $4.3B at StoneX.

Side by side, latest fiscal year

MRXSNEX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$2B$132.4B
Revenue growth+26.9%+32.5%
Net income$293.9M$305.9M
Net margin14.5%0.2%
Free cash flow$654.4M$4.3B
Free cash flow margin32.3%3.3%
Earnings per share (diluted)$3.86$5.89
Cash$2.9B$1.6B
Debt$200Mn/a
Price to earningsn/a11.3
Market value$5.3B$8.1B
Dividend yieldn/an/a
Rank by revenue in sector#144 of 444 · Finance#4 of 444 · Finance

Over the years

Revenue
MRX FY2022: $711.1MMRX FY2024: $1.2BMRX FY2024: $1.6BMRX FY2025: $2BSNEX FY2018: $27.6BSNEX FY2019: $32.9BSNEX FY2020: $54.1BSNEX FY2021: $42.5BSNEX FY2022: $66BSNEX FY2023: $60.9BSNEX FY2024: $99.9BSNEX FY2025: $132.4BFY18FY19FY20FY21FY22FY23FY24FY25
MRX $2BSNEX $132.4B
Net income
MRX FY2022: $91.6MMRX FY2024: $128MMRX FY2024: $204.7MMRX FY2025: $293.9MSNEX FY2018: $55.5MSNEX FY2019: $85.1MSNEX FY2020: $169.6MSNEX FY2021: $116.3MSNEX FY2022: $207.1MSNEX FY2023: $238.5MSNEX FY2024: $260.8MSNEX FY2025: $305.9MFY18FY19FY20FY21FY22FY23FY24FY25
MRX $293.9MSNEX $305.9M
Net margin
MRX FY2022: 12.9%MRX FY2024: 10.3%MRX FY2024: 12.8%MRX FY2025: 14.5%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
MRX 14.5%SNEX 0.2%
Revenue growth
MRX FY2024: +75.0%MRX FY2024: +28.1%MRX FY2025: +26.9%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
MRX +26.9%SNEX +32.5%
Free cash flow
MRX FY2022: $222MMRX FY2024: $726MMRX FY2024: $1.2BMRX FY2025: $654.4MSNEX FY2018: -$486.1MSNEX FY2019: $183.7MSNEX FY2020: $1.9BSNEX FY2021: $2.1BSNEX FY2022: -$279MSNEX FY2023: -$70.6MSNEX FY2024: $441.7MSNEX FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
MRX $654.4MSNEX $4.3B

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

Questions about Marex and StoneX

Which is bigger by revenue, Marex or StoneX?

StoneX is bigger by revenue: $132.4B in fiscal 2025, against $2B for Marex in fiscal 2025.

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

Marex had a net margin of 14.5% in fiscal 2025; StoneX had 0.2% in fiscal 2025.

Which grew revenue faster, Marex or StoneX?

In their latest fiscal years revenue changed by +26.9% at Marex 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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