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Side-by-side financial comparison of StoneX Group Inc. (SNEX) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $997.0M, roughly 1.2× Frontier Group Holdings, Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs 5.3%, a 6.3% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs -0.5%). Frontier Group Holdings, Inc. produced more free cash flow last quarter ($-113.0M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 7.4%).
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).
Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.
SNEX vs ULCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $997.0M |
| Net Profit | $139.0M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 15.4% | 4.9% |
| Net Margin | 11.6% | 5.3% |
| Revenue YoY | 81.0% | -0.5% |
| Net Profit YoY | 63.3% | -1.9% |
| EPS (diluted) | $2.50 | $0.24 |
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.
| Q4 25 | $1.2B | $997.0M | ||
| Q3 25 | $32.7B | $886.0M | ||
| Q2 25 | $851.2M | $929.0M | ||
| Q1 25 | $820.4M | $912.0M | ||
| Q4 24 | $663.1M | $1.0B | ||
| Q3 24 | $31.1B | $935.0M | ||
| Q2 24 | $571.8M | $973.0M | ||
| Q1 24 | $509.2M | $865.0M |
| Q4 25 | $139.0M | $53.0M | ||
| Q3 25 | $85.7M | $-77.0M | ||
| Q2 25 | $63.4M | $-70.0M | ||
| Q1 25 | $71.7M | $-43.0M | ||
| Q4 24 | $85.1M | $54.0M | ||
| Q3 24 | $76.7M | $26.0M | ||
| Q2 24 | $61.9M | $31.0M | ||
| Q1 24 | $53.1M | $-26.0M |
| Q4 25 | — | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 15.4% | 4.9% | ||
| Q3 25 | 0.3% | -8.7% | ||
| Q2 25 | -1.3% | -8.1% | ||
| Q1 25 | -1.0% | -5.0% | ||
| Q4 24 | -3.2% | 4.5% | ||
| Q3 24 | -0.0% | 2.0% | ||
| Q2 24 | -4.7% | 2.6% | ||
| Q1 24 | -2.5% | -3.6% |
| Q4 25 | 11.6% | 5.3% | ||
| Q3 25 | 0.3% | -8.7% | ||
| Q2 25 | 7.4% | -7.5% | ||
| Q1 25 | 8.7% | -4.7% | ||
| Q4 24 | 12.8% | 5.4% | ||
| Q3 24 | 0.2% | 2.8% | ||
| Q2 24 | 10.8% | 3.2% | ||
| Q1 24 | 10.4% | -3.0% |
| Q4 25 | $2.50 | $0.24 | ||
| Q3 25 | $0.72 | $-0.34 | ||
| Q2 25 | $1.22 | $-0.31 | ||
| Q1 25 | $1.41 | $-0.19 | ||
| Q4 24 | $1.69 | $0.24 | ||
| Q3 24 | $2.32 | $0.11 | ||
| Q2 24 | $1.25 | $0.14 | ||
| Q1 24 | $1.09 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $671.0M |
| Total DebtLower is stronger | — | $620.0M |
| Stockholders' EquityBook value | $2.5B | $491.0M |
| Total Assets | $47.8B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $671.0M | ||
| Q3 25 | $1.6B | $566.0M | ||
| Q2 25 | $1.3B | $563.0M | ||
| Q1 25 | $1.3B | $686.0M | ||
| Q4 24 | $1.4B | $740.0M | ||
| Q3 24 | $1.3B | $576.0M | ||
| Q2 24 | $1.2B | $658.0M | ||
| Q1 24 | $1.3B | $622.0M |
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $673.0M | ||
| Q2 25 | — | $565.0M | ||
| Q1 25 | — | $512.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | — | $474.0M | ||
| Q2 24 | — | $455.0M | ||
| Q1 24 | — | $469.0M |
| Q4 25 | $2.5B | $491.0M | ||
| Q3 25 | $2.4B | $434.0M | ||
| Q2 25 | $2.0B | $506.0M | ||
| Q1 25 | $1.9B | $570.0M | ||
| Q4 24 | $1.8B | $604.0M | ||
| Q3 24 | $1.7B | $549.0M | ||
| Q2 24 | $1.6B | $520.0M | ||
| Q1 24 | $1.5B | $484.0M |
| Q4 25 | $47.8B | $7.2B | ||
| Q3 25 | $45.3B | $6.7B | ||
| Q2 25 | $34.3B | $6.5B | ||
| Q1 25 | $31.3B | $6.5B | ||
| Q4 24 | $29.6B | $6.2B | ||
| Q3 24 | $27.5B | $5.8B | ||
| Q2 24 | $25.9B | $5.7B | ||
| Q1 24 | $25.7B | $5.2B |
| Q4 25 | — | 1.26× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.97× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.3B | $-91.0M |
| Free Cash FlowOCF − Capex | $-1.3B | $-113.0M |
| FCF MarginFCF / Revenue | -106.4% | -11.3% |
| Capex IntensityCapex / Revenue | 1.3% | 2.2% |
| Cash ConversionOCF / Net Profit | -9.08× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.3B | $-91.0M | ||
| Q3 25 | $3.5B | $-215.0M | ||
| Q2 25 | $1.5B | $-133.0M | ||
| Q1 25 | $-154.5M | $-86.0M | ||
| Q4 24 | $-477.8M | $87.0M | ||
| Q3 24 | $192.6M | $-156.0M | ||
| Q2 24 | $-622.1M | $9.0M | ||
| Q1 24 | $784.0M | $-22.0M |
| Q4 25 | $-1.3B | $-113.0M | ||
| Q3 25 | $3.5B | $-217.0M | ||
| Q2 25 | $1.5B | $-166.0M | ||
| Q1 25 | $-169.8M | $-104.0M | ||
| Q4 24 | $-491.4M | $73.0M | ||
| Q3 24 | $175.9M | $-170.0M | ||
| Q2 24 | $-640.5M | $-22.0M | ||
| Q1 24 | $766.6M | $-39.0M |
| Q4 25 | -106.4% | -11.3% | ||
| Q3 25 | 10.7% | -24.5% | ||
| Q2 25 | 173.3% | -17.9% | ||
| Q1 25 | -20.7% | -11.4% | ||
| Q4 24 | -74.1% | 7.3% | ||
| Q3 24 | 0.6% | -18.2% | ||
| Q2 24 | -112.0% | -2.3% | ||
| Q1 24 | 150.5% | -4.5% |
| Q4 25 | 1.3% | 2.2% | ||
| Q3 25 | 0.1% | 0.2% | ||
| Q2 25 | 1.9% | 3.6% | ||
| Q1 25 | 1.9% | 2.0% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 3.2% | 3.2% | ||
| Q1 24 | 3.4% | 2.0% |
| Q4 25 | -9.08× | -1.72× | ||
| Q3 25 | 41.18× | — | ||
| Q2 25 | 23.52× | — | ||
| Q1 25 | -2.15× | — | ||
| Q4 24 | -5.61× | 1.61× | ||
| Q3 24 | 2.51× | -6.00× | ||
| Q2 24 | -10.05× | 0.29× | ||
| Q1 24 | 14.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNEX
Segment breakdown not available.
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
