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Side-by-side financial comparison of StoneX Group Inc. (SNEX) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $789.0M, roughly 1.5× UL Solutions Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs 8.5%, a 3.1% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 6.8%). UL Solutions Inc. produced more free cash flow last quarter ($86.0M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 8.5%).
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).
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
SNEX vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $789.0M |
| Net Profit | $139.0M | $67.0M |
| Gross Margin | — | 49.7% |
| Operating Margin | 15.4% | 15.0% |
| Net Margin | 11.6% | 8.5% |
| Revenue YoY | 81.0% | 6.8% |
| Net Profit YoY | 63.3% | -17.3% |
| EPS (diluted) | $2.50 | $0.33 |
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 | $789.0M | ||
| Q3 25 | $32.7B | $783.0M | ||
| Q2 25 | $851.2M | $776.0M | ||
| Q1 25 | $820.4M | $705.0M | ||
| Q4 24 | $663.1M | $739.0M | ||
| Q3 24 | $31.1B | $731.0M | ||
| Q2 24 | $571.8M | $730.0M | ||
| Q1 24 | $509.2M | $670.0M |
| Q4 25 | $139.0M | $67.0M | ||
| Q3 25 | $85.7M | $100.0M | ||
| Q2 25 | $63.4M | $91.0M | ||
| Q1 25 | $71.7M | $67.0M | ||
| Q4 24 | $85.1M | $81.0M | ||
| Q3 24 | $76.7M | $88.0M | ||
| Q2 24 | $61.9M | $101.0M | ||
| Q1 24 | $53.1M | $56.0M |
| Q4 25 | — | 49.7% | ||
| Q3 25 | 3.7% | 50.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | 3.0% | 49.0% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 47.6% |
| Q4 25 | 15.4% | 15.0% | ||
| Q3 25 | 0.3% | 19.9% | ||
| Q2 25 | -1.3% | 17.9% | ||
| Q1 25 | -1.0% | 15.5% | ||
| Q4 24 | -3.2% | 15.6% | ||
| Q3 24 | -0.0% | 17.8% | ||
| Q2 24 | -4.7% | 17.3% | ||
| Q1 24 | -2.5% | 13.6% |
| Q4 25 | 11.6% | 8.5% | ||
| Q3 25 | 0.3% | 12.8% | ||
| Q2 25 | 7.4% | 11.7% | ||
| Q1 25 | 8.7% | 9.5% | ||
| Q4 24 | 12.8% | 11.0% | ||
| Q3 24 | 0.2% | 12.0% | ||
| Q2 24 | 10.8% | 13.8% | ||
| Q1 24 | 10.4% | 8.4% |
| Q4 25 | $2.50 | $0.33 | ||
| Q3 25 | $0.72 | $0.49 | ||
| Q2 25 | $1.22 | $0.45 | ||
| Q1 25 | $1.41 | $0.33 | ||
| Q4 24 | $1.69 | $0.40 | ||
| Q3 24 | $2.32 | $0.44 | ||
| Q2 24 | $1.25 | $0.50 | ||
| Q1 24 | $1.09 | $0.28 |
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 | $295.0M |
| Total DebtLower is stronger | — | $491.0M |
| Stockholders' EquityBook value | $2.5B | $1.3B |
| Total Assets | $47.8B | $2.9B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $295.0M | ||
| Q3 25 | $1.6B | $255.0M | ||
| Q2 25 | $1.3B | $272.0M | ||
| Q1 25 | $1.3B | $267.0M | ||
| Q4 24 | $1.4B | $298.0M | ||
| Q3 24 | $1.3B | $327.0M | ||
| Q2 24 | $1.2B | $295.0M | ||
| Q1 24 | $1.3B | $344.0M |
| Q4 25 | — | $491.0M | ||
| Q3 25 | — | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | — | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M | ||
| Q1 24 | — | $879.0M |
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $1.9B | $970.0M | ||
| Q4 24 | $1.8B | $904.0M | ||
| Q3 24 | $1.7B | $872.0M | ||
| Q2 24 | $1.6B | $769.0M | ||
| Q1 24 | $1.5B | $671.0M |
| Q4 25 | $47.8B | $2.9B | ||
| Q3 25 | $45.3B | $2.9B | ||
| Q2 25 | $34.3B | $2.9B | ||
| Q1 25 | $31.3B | $2.9B | ||
| Q4 24 | $29.6B | $2.8B | ||
| Q3 24 | $27.5B | $2.9B | ||
| Q2 24 | $25.9B | $2.7B | ||
| Q1 24 | $25.7B | $2.8B |
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.31× |
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 | $144.0M |
| Free Cash FlowOCF − Capex | $-1.3B | $86.0M |
| FCF MarginFCF / Revenue | -106.4% | 10.9% |
| Capex IntensityCapex / Revenue | 1.3% | 7.4% |
| Cash ConversionOCF / Net Profit | -9.08× | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $403.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.3B | $144.0M | ||
| Q3 25 | $3.5B | $155.0M | ||
| Q2 25 | $1.5B | $147.0M | ||
| Q1 25 | $-154.5M | $154.0M | ||
| Q4 24 | $-477.8M | $130.0M | ||
| Q3 24 | $192.6M | $150.0M | ||
| Q2 24 | $-622.1M | $103.0M | ||
| Q1 24 | $784.0M | $141.0M |
| Q4 25 | $-1.3B | $86.0M | ||
| Q3 25 | $3.5B | $109.0M | ||
| Q2 25 | $1.5B | $105.0M | ||
| Q1 25 | $-169.8M | $103.0M | ||
| Q4 24 | $-491.4M | $72.0M | ||
| Q3 24 | $175.9M | $84.0M | ||
| Q2 24 | $-640.5M | $47.0M | ||
| Q1 24 | $766.6M | $84.0M |
| Q4 25 | -106.4% | 10.9% | ||
| Q3 25 | 10.7% | 13.9% | ||
| Q2 25 | 173.3% | 13.5% | ||
| Q1 25 | -20.7% | 14.6% | ||
| Q4 24 | -74.1% | 9.7% | ||
| Q3 24 | 0.6% | 11.5% | ||
| Q2 24 | -112.0% | 6.4% | ||
| Q1 24 | 150.5% | 12.5% |
| Q4 25 | 1.3% | 7.4% | ||
| Q3 25 | 0.1% | 5.9% | ||
| Q2 25 | 1.9% | 5.4% | ||
| Q1 25 | 1.9% | 7.2% | ||
| Q4 24 | 2.1% | 7.8% | ||
| Q3 24 | 0.1% | 9.0% | ||
| Q2 24 | 3.2% | 7.7% | ||
| Q1 24 | 3.4% | 8.5% |
| Q4 25 | -9.08× | 2.15× | ||
| Q3 25 | 41.18× | 1.55× | ||
| Q2 25 | 23.52× | 1.62× | ||
| Q1 25 | -2.15× | 2.30× | ||
| Q4 24 | -5.61× | 1.60× | ||
| Q3 24 | 2.51× | 1.70× | ||
| Q2 24 | -10.05× | 1.02× | ||
| Q1 24 | 14.76× | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNEX
Segment breakdown not available.
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
