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Side-by-side financial comparison of Lightspeed Commerce Inc. (LSPD) and StoneX Group Inc. (SNEX). Click either name above to swap in a different company.

StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $823.4M, roughly 1.5× Lightspeed Commerce Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs -11.1%, a 22.7% gap on every dollar of revenue. Over the past eight quarters, Lightspeed Commerce Inc.'s revenue compounded faster (89.1% CAGR vs 53.5%).

Lightspeed Commerce is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada. It was founded in 2005 by Dax da Silva, who was its CEO until February 2022. It has offices in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent, Melbourne, Ulyanovsk, Yerevan and Tbilisi. It offers its services to retail, restaurant, and hospitality businesses.

StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).

LSPD vs SNEX — Head-to-Head

Bigger by revenue
SNEX
SNEX
1.5× larger
SNEX
$1.2B
$823.4M
LSPD
Higher net margin
SNEX
SNEX
22.7% more per $
SNEX
11.6%
-11.1%
LSPD
Faster 2-yr revenue CAGR
LSPD
LSPD
Annualised
LSPD
89.1%
53.5%
SNEX

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
LSPD
LSPD
SNEX
SNEX
Revenue
$823.4M
$1.2B
Net Profit
$-91.3M
$139.0M
Gross Margin
41.1%
Operating Margin
-14.1%
15.4%
Net Margin
-11.1%
11.6%
Revenue YoY
81.0%
Net Profit YoY
63.3%
EPS (diluted)
$2.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LSPD
LSPD
SNEX
SNEX
Q4 25
$823.4M
$1.2B
Q3 25
$543.3M
$32.7B
Q2 25
$266.1M
$851.2M
Q1 25
$253.4M
$820.4M
Q4 24
$679.1M
$663.1M
Q3 24
$439.4M
$31.1B
Q2 24
$209.1M
$571.8M
Q1 24
$230.2M
$509.2M
Net Profit
LSPD
LSPD
SNEX
SNEX
Q4 25
$-91.3M
$139.0M
Q3 25
$-64.7M
$85.7M
Q2 25
$-35.0M
$63.4M
Q1 25
$-575.9M
$71.7M
Q4 24
$-131.4M
$85.1M
Q3 24
$-91.2M
$76.7M
Q2 24
$-48.7M
$61.9M
Q1 24
$-32.5M
$53.1M
Gross Margin
LSPD
LSPD
SNEX
SNEX
Q4 25
41.1%
Q3 25
41.0%
3.7%
Q2 25
40.7%
Q1 25
44.1%
Q4 24
42.1%
Q3 24
41.9%
3.0%
Q2 24
42.0%
Q1 24
43.3%
Operating Margin
LSPD
LSPD
SNEX
SNEX
Q4 25
-14.1%
15.4%
Q3 25
-15.1%
0.3%
Q2 25
-16.6%
-1.3%
Q1 25
-228.9%
-1.0%
Q4 24
-23.8%
-3.2%
Q3 24
-25.1%
-0.0%
Q2 24
-27.9%
-4.7%
Q1 24
-17.9%
-2.5%
Net Margin
LSPD
LSPD
SNEX
SNEX
Q4 25
-11.1%
11.6%
Q3 25
-11.9%
0.3%
Q2 25
-13.2%
7.4%
Q1 25
-227.3%
8.7%
Q4 24
-19.4%
12.8%
Q3 24
-20.8%
0.2%
Q2 24
-23.3%
10.8%
Q1 24
-14.1%
10.4%
EPS (diluted)
LSPD
LSPD
SNEX
SNEX
Q4 25
$2.50
Q3 25
$0.72
Q2 25
$1.22
Q1 25
$0.10
$1.41
Q4 24
$1.69
Q3 24
$2.32
Q2 24
$-0.01
$1.25
Q1 24
$0.06
$1.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LSPD
LSPD
SNEX
SNEX
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
Total Assets
$47.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSPD
LSPD
SNEX
SNEX
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.2B
Q1 24
$1.3B
Stockholders' Equity
LSPD
LSPD
SNEX
SNEX
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
LSPD
LSPD
SNEX
SNEX
Q4 25
$47.8B
Q3 25
$45.3B
Q2 25
$34.3B
Q1 25
$31.3B
Q4 24
$29.6B
Q3 24
$27.5B
Q2 24
$25.9B
Q1 24
$25.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LSPD
LSPD
SNEX
SNEX
Operating Cash FlowLast quarter
$-1.3B
Free Cash FlowOCF − Capex
$-1.3B
FCF MarginFCF / Revenue
-106.4%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
-9.08×
TTM Free Cash FlowTrailing 4 quarters
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSPD
LSPD
SNEX
SNEX
Q4 25
$-1.3B
Q3 25
$3.5B
Q2 25
$1.5B
Q1 25
$-9.9M
$-154.5M
Q4 24
$-477.8M
Q3 24
$192.6M
Q2 24
$-26.1M
$-622.1M
Q1 24
$-28.5M
$784.0M
Free Cash Flow
LSPD
LSPD
SNEX
SNEX
Q4 25
$-1.3B
Q3 25
$3.5B
Q2 25
$1.5B
Q1 25
$-169.8M
Q4 24
$-491.4M
Q3 24
$175.9M
Q2 24
$-640.5M
Q1 24
$766.6M
FCF Margin
LSPD
LSPD
SNEX
SNEX
Q4 25
-106.4%
Q3 25
10.7%
Q2 25
173.3%
Q1 25
-20.7%
Q4 24
-74.1%
Q3 24
0.6%
Q2 24
-112.0%
Q1 24
150.5%
Capex Intensity
LSPD
LSPD
SNEX
SNEX
Q4 25
1.3%
Q3 25
0.1%
Q2 25
1.9%
Q1 25
1.9%
Q4 24
2.1%
Q3 24
0.1%
Q2 24
3.2%
Q1 24
3.4%
Cash Conversion
LSPD
LSPD
SNEX
SNEX
Q4 25
-9.08×
Q3 25
41.18×
Q2 25
23.52×
Q1 25
-2.15×
Q4 24
-5.61×
Q3 24
2.51×
Q2 24
-10.05×
Q1 24
14.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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