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

Simon Property Group is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× StoneX Group Inc.). Simon Property Group runs the higher net margin — 197.6% vs 11.6%, a 186.0% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 13.2%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 11.4%).

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).

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

SNEX vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.5× larger
SPG
$1.8B
$1.2B
SNEX
Growing faster (revenue YoY)
SNEX
SNEX
+67.8% gap
SNEX
81.0%
13.2%
SPG
Higher net margin
SPG
SPG
186.0% more per $
SPG
197.6%
11.6%
SNEX
More free cash flow
SPG
SPG
$2.2B more FCF
SPG
$948.8M
$-1.3B
SNEX
Faster 2-yr revenue CAGR
SNEX
SNEX
Annualised
SNEX
53.5%
11.4%
SPG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SNEX
SNEX
SPG
SPG
Revenue
$1.2B
$1.8B
Net Profit
$139.0M
$3.5B
Gross Margin
Operating Margin
15.4%
49.7%
Net Margin
11.6%
197.6%
Revenue YoY
81.0%
13.2%
Net Profit YoY
63.3%
358.7%
EPS (diluted)
$2.50
$9.34

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
SNEX
SNEX
SPG
SPG
Q4 25
$1.2B
$1.8B
Q3 25
$32.7B
$1.6B
Q2 25
$851.2M
$1.5B
Q1 25
$820.4M
$1.5B
Q4 24
$663.1M
$1.6B
Q3 24
$31.1B
$1.5B
Q2 24
$571.8M
$1.5B
Q1 24
$509.2M
$1.4B
Net Profit
SNEX
SNEX
SPG
SPG
Q4 25
$139.0M
$3.5B
Q3 25
$85.7M
$702.7M
Q2 25
$63.4M
$643.7M
Q1 25
$71.7M
$477.9M
Q4 24
$85.1M
$771.8M
Q3 24
$76.7M
$546.7M
Q2 24
$61.9M
$569.4M
Q1 24
$53.1M
$841.2M
Gross Margin
SNEX
SNEX
SPG
SPG
Q4 25
Q3 25
3.7%
Q2 25
Q1 25
Q4 24
Q3 24
3.0%
Q2 24
Q1 24
Operating Margin
SNEX
SNEX
SPG
SPG
Q4 25
15.4%
49.7%
Q3 25
0.3%
50.8%
Q2 25
-1.3%
49.7%
Q1 25
-1.0%
49.4%
Q4 24
-3.2%
52.8%
Q3 24
-0.0%
51.9%
Q2 24
-4.7%
51.7%
Q1 24
-2.5%
51.0%
Net Margin
SNEX
SNEX
SPG
SPG
Q4 25
11.6%
197.6%
Q3 25
0.3%
43.9%
Q2 25
7.4%
43.0%
Q1 25
8.7%
32.4%
Q4 24
12.8%
48.8%
Q3 24
0.2%
36.9%
Q2 24
10.8%
39.0%
Q1 24
10.4%
58.3%
EPS (diluted)
SNEX
SNEX
SPG
SPG
Q4 25
$2.50
$9.34
Q3 25
$0.72
$1.86
Q2 25
$1.22
$1.70
Q1 25
$1.41
$1.27
Q4 24
$1.69
$2.04
Q3 24
$2.32
$1.46
Q2 24
$1.25
$1.51
Q1 24
$1.09
$2.25

Balance Sheet & Financial Strength

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

Metric
SNEX
SNEX
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$1.6B
$823.1M
Total DebtLower is stronger
$28.4B
Stockholders' EquityBook value
$2.5B
$5.2B
Total Assets
$47.8B
$40.6B
Debt / EquityLower = less leverage
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNEX
SNEX
SPG
SPG
Q4 25
$1.6B
$823.1M
Q3 25
$1.6B
$1.6B
Q2 25
$1.3B
$1.2B
Q1 25
$1.3B
$1.4B
Q4 24
$1.4B
$1.4B
Q3 24
$1.3B
$2.5B
Q2 24
$1.2B
$2.5B
Q1 24
$1.3B
$2.6B
Total Debt
SNEX
SNEX
SPG
SPG
Q4 25
$28.4B
Q3 25
$25.8B
Q2 25
$25.4B
Q1 25
$24.8B
Q4 24
$24.3B
Q3 24
$25.4B
Q2 24
$25.3B
Q1 24
$25.5B
Stockholders' Equity
SNEX
SNEX
SPG
SPG
Q4 25
$2.5B
$5.2B
Q3 25
$2.4B
$2.3B
Q2 25
$2.0B
$2.5B
Q1 25
$1.9B
$2.6B
Q4 24
$1.8B
$2.9B
Q3 24
$1.7B
$2.7B
Q2 24
$1.6B
$2.9B
Q1 24
$1.5B
$3.1B
Total Assets
SNEX
SNEX
SPG
SPG
Q4 25
$47.8B
$40.6B
Q3 25
$45.3B
$33.6B
Q2 25
$34.3B
$33.3B
Q1 25
$31.3B
$32.5B
Q4 24
$29.6B
$32.4B
Q3 24
$27.5B
$33.3B
Q2 24
$25.9B
$33.4B
Q1 24
$25.7B
$33.7B
Debt / Equity
SNEX
SNEX
SPG
SPG
Q4 25
5.46×
Q3 25
10.98×
Q2 25
10.36×
Q1 25
9.50×
Q4 24
8.25×
Q3 24
9.37×
Q2 24
8.59×
Q1 24
8.22×

Cash Flow & Capital Efficiency

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

Metric
SNEX
SNEX
SPG
SPG
Operating Cash FlowLast quarter
$-1.3B
$1.2B
Free Cash FlowOCF − Capex
$-1.3B
$948.8M
FCF MarginFCF / Revenue
-106.4%
53.0%
Capex IntensityCapex / Revenue
1.3%
14.2%
Cash ConversionOCF / Net Profit
-9.08×
0.34×
TTM Free Cash FlowTrailing 4 quarters
$3.5B
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SNEX
SNEX
SPG
SPG
Q4 25
$-1.3B
$1.2B
Q3 25
$3.5B
$890.3M
Q2 25
$1.5B
$1.2B
Q1 25
$-154.5M
$827.2M
Q4 24
$-477.8M
$1.1B
Q3 24
$192.6M
$892.9M
Q2 24
$-622.1M
$1.1B
Q1 24
$784.0M
$773.1M
Free Cash Flow
SNEX
SNEX
SPG
SPG
Q4 25
$-1.3B
$948.8M
Q3 25
$3.5B
$685.0M
Q2 25
$1.5B
$971.3M
Q1 25
$-169.8M
$597.0M
Q4 24
$-491.4M
$867.7M
Q3 24
$175.9M
$706.5M
Q2 24
$-640.5M
$874.8M
Q1 24
$766.6M
$610.1M
FCF Margin
SNEX
SNEX
SPG
SPG
Q4 25
-106.4%
53.0%
Q3 25
10.7%
42.8%
Q2 25
173.3%
64.8%
Q1 25
-20.7%
40.5%
Q4 24
-74.1%
54.8%
Q3 24
0.6%
47.7%
Q2 24
-112.0%
60.0%
Q1 24
150.5%
42.3%
Capex Intensity
SNEX
SNEX
SPG
SPG
Q4 25
1.3%
14.2%
Q3 25
0.1%
12.8%
Q2 25
1.9%
16.3%
Q1 25
1.9%
15.6%
Q4 24
2.1%
13.8%
Q3 24
0.1%
12.6%
Q2 24
3.2%
12.9%
Q1 24
3.4%
11.3%
Cash Conversion
SNEX
SNEX
SPG
SPG
Q4 25
-9.08×
0.34×
Q3 25
41.18×
1.27×
Q2 25
23.52×
1.89×
Q1 25
-2.15×
1.73×
Q4 24
-5.61×
1.41×
Q3 24
2.51×
1.63×
Q2 24
-10.05×
1.87×
Q1 24
14.76×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SNEX
SNEX

Segment breakdown not available.

SPG
SPG

Real Estate Segment$1.7B95%
Other$86.3M5%

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