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

StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× TKO Group Holdings). StoneX Group Inc. runs the higher net margin — 11.6% vs -0.2%, a 11.8% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 61.6%). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 28.4%).

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).

TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).

SNEX vs TKO — Head-to-Head

Bigger by revenue
SNEX
SNEX
1.2× larger
SNEX
$1.2B
$1.0B
TKO
Growing faster (revenue YoY)
SNEX
SNEX
+19.4% gap
SNEX
81.0%
61.6%
TKO
Higher net margin
SNEX
SNEX
11.8% more per $
SNEX
11.6%
-0.2%
TKO
Faster 2-yr revenue CAGR
SNEX
SNEX
Annualised
SNEX
53.5%
28.4%
TKO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SNEX
SNEX
TKO
TKO
Revenue
$1.2B
$1.0B
Net Profit
$139.0M
$-2.4M
Gross Margin
Operating Margin
15.4%
5.5%
Net Margin
11.6%
-0.2%
Revenue YoY
81.0%
61.6%
Net Profit YoY
63.3%
-107.7%
EPS (diluted)
$2.50
$-0.07

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
TKO
TKO
Q4 25
$1.2B
$1.0B
Q3 25
$32.7B
$1.1B
Q2 25
$851.2M
$1.3B
Q1 25
$820.4M
$1.3B
Q4 24
$663.1M
$642.2M
Q3 24
$31.1B
$681.3M
Q2 24
$571.8M
$851.2M
Q1 24
$509.2M
$629.7M
Net Profit
SNEX
SNEX
TKO
TKO
Q4 25
$139.0M
$-2.4M
Q3 25
$85.7M
$41.0M
Q2 25
$63.4M
$98.4M
Q1 25
$71.7M
$58.4M
Q4 24
$85.1M
$31.0M
Q3 24
$76.7M
$23.1M
Q2 24
$61.9M
$59.1M
Q1 24
$53.1M
$-103.8M
Gross Margin
SNEX
SNEX
TKO
TKO
Q4 25
Q3 25
3.7%
Q2 25
Q1 25
Q4 24
Q3 24
3.0%
Q2 24
Q1 24
Operating Margin
SNEX
SNEX
TKO
TKO
Q4 25
15.4%
5.5%
Q3 25
0.3%
15.4%
Q2 25
-1.3%
28.1%
Q1 25
-1.0%
18.7%
Q4 24
-3.2%
15.9%
Q3 24
-0.0%
20.0%
Q2 24
-4.7%
30.0%
Q1 24
-2.5%
-33.4%
Net Margin
SNEX
SNEX
TKO
TKO
Q4 25
11.6%
-0.2%
Q3 25
0.3%
3.7%
Q2 25
7.4%
7.5%
Q1 25
8.7%
4.6%
Q4 24
12.8%
4.8%
Q3 24
0.2%
3.4%
Q2 24
10.8%
6.9%
Q1 24
10.4%
-16.5%
EPS (diluted)
SNEX
SNEX
TKO
TKO
Q4 25
$2.50
$-0.07
Q3 25
$0.72
$0.47
Q2 25
$1.22
$1.17
Q1 25
$1.41
$0.69
Q4 24
$1.69
$0.28
Q3 24
$2.32
$0.28
Q2 24
$1.25
$0.72
Q1 24
$1.09
$-1.26

Balance Sheet & Financial Strength

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

Metric
SNEX
SNEX
TKO
TKO
Cash + ST InvestmentsLiquidity on hand
$1.6B
$831.1M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$2.5B
$3.7B
Total Assets
$47.8B
$15.5B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNEX
SNEX
TKO
TKO
Q4 25
$1.6B
$831.1M
Q3 25
$1.6B
$861.4M
Q2 25
$1.3B
$535.1M
Q1 25
$1.3B
$470.9M
Q4 24
$1.4B
$525.6M
Q3 24
$1.3B
$457.4M
Q2 24
$1.2B
$277.5M
Q1 24
$1.3B
$245.8M
Total Debt
SNEX
SNEX
TKO
TKO
Q4 25
$3.8B
Q3 25
$3.7B
Q2 25
$2.7B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.7B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
SNEX
SNEX
TKO
TKO
Q4 25
$2.5B
$3.7B
Q3 25
$2.4B
$3.8B
Q2 25
$2.0B
$4.3B
Q1 25
$1.9B
$4.2B
Q4 24
$1.8B
$4.1B
Q3 24
$1.7B
$4.0B
Q2 24
$1.6B
$4.0B
Q1 24
$1.5B
$4.0B
Total Assets
SNEX
SNEX
TKO
TKO
Q4 25
$47.8B
$15.5B
Q3 25
$45.3B
$15.5B
Q2 25
$34.3B
$15.3B
Q1 25
$31.3B
$15.0B
Q4 24
$29.6B
$12.7B
Q3 24
$27.5B
$12.8B
Q2 24
$25.9B
$12.7B
Q1 24
$25.7B
$12.7B
Debt / Equity
SNEX
SNEX
TKO
TKO
Q4 25
1.01×
Q3 25
0.98×
Q2 25
0.64×
Q1 25
0.66×
Q4 24
0.67×
Q3 24
0.67×
Q2 24
0.68×
Q1 24
0.68×

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
TKO
TKO
Operating Cash FlowLast quarter
$-1.3B
$309.9M
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
SNEX
SNEX
TKO
TKO
Q4 25
$-1.3B
$309.9M
Q3 25
$3.5B
$416.8M
Q2 25
$1.5B
$396.2M
Q1 25
$-154.5M
$162.8M
Q4 24
$-477.8M
$56.8M
Q3 24
$192.6M
$236.5M
Q2 24
$-622.1M
$230.7M
Q1 24
$784.0M
$59.3M
Free Cash Flow
SNEX
SNEX
TKO
TKO
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
SNEX
SNEX
TKO
TKO
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
SNEX
SNEX
TKO
TKO
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
SNEX
SNEX
TKO
TKO
Q4 25
-9.08×
Q3 25
41.18×
10.16×
Q2 25
23.52×
4.03×
Q1 25
-2.15×
2.79×
Q4 24
-5.61×
1.83×
Q3 24
2.51×
10.22×
Q2 24
-10.05×
3.90×
Q1 24
14.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SNEX
SNEX

Segment breakdown not available.

TKO
TKO

World Wrestling Entertainment Segment$359.6M35%
IMG Segment$247.6M24%
Media Rights Production And Content$222.6M21%
Partnerships And Marketing$93.3M9%
Live Events And Hospitality$72.2M7%
Other$29.4M3%
Consumer Products Licensing And Other$13.2M1%

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