vs
StoneX Group Inc.（SNEX）とTradeweb Markets Inc.（TW）の財務データ比較。上の社名をクリックして会社を切り替えられます
StoneX Group Inc.の直近四半期売上が大きい（$1.2B vs $521.2M、Tradeweb Markets Inc.の約2.3倍）。Tradeweb Markets Inc.の純利益率が高く（62.4% vs 11.6%、差は50.8%）。StoneX Group Inc.の前年同期比売上増加率が高い（81.0% vs 12.5%）。Tradeweb Markets Inc.の直近四半期フリーキャッシュフローが多い（$336.5M vs $-1.3B）。過去8四半期でStoneX Group Inc.の売上複合成長率が高い（53.5% vs 12.9%）
StoneXグループは米国発の有名な金融サービス企業で、商業ヘッジ、グローバル決済、証券、現物商品、外国為替、清算・執行サービス（CES）の6分野で事業を展開し、世界各国の顧客にニーズに応じた高品質な金融サービスを提供している。
Tradeweb Markets Inc.はニューヨークに本社を置き、主に機関投資家向けに債券、ETF、デリバティブ取引に対応した電子取引プラットフォームを運営している。銀行、資産運用会社、中央銀行、年金基金、保険会社など3000社以上の顧客を抱え、2024年の収入の83%は取引手数料、17%はサブスクリプション料金で、52%が金利関連商品によるものだ。
SNEX vs TW — 直接比較
損益計算書 — Q1 2026 vs Q4 2025
| 指標 | | |
|---|---|---|
| 売上 | $1.2B | $521.2M |
| 純利益 | $139.0M | $325.0M |
| 粗利率 | — | — |
| 営業利益率 | 15.4% | 42.4% |
| 純利益率 | 11.6% | 62.4% |
| 売上前年比 | 81.0% | 12.5% |
| 純利益前年比 | 63.3% | 128.5% |
| EPS（希薄化後） | $2.50 | $1.52 |
緑 = その指標でリード。会計年度がずれている場合は期間が異なる場合あり
8四半期 売上・利益トレンド
並べて比較する四半期履歴。決算期がずれていても暦四半期で整列
| Q4 25 | $1.2B | $521.2M | ||
| Q3 25 | $32.7B | $508.6M | ||
| Q2 25 | $851.2M | $513.0M | ||
| Q1 25 | $820.4M | $509.7M | ||
| Q4 24 | $663.1M | $463.3M | ||
| Q3 24 | $31.1B | $448.9M | ||
| Q2 24 | $571.8M | $405.0M | ||
| Q1 24 | $509.2M | $408.7M |
| Q4 25 | $139.0M | $325.0M | ||
| Q3 25 | $85.7M | $185.6M | ||
| Q2 25 | $63.4M | $153.8M | ||
| Q1 25 | $71.7M | $148.4M | ||
| Q4 24 | $85.1M | $142.2M | ||
| Q3 24 | $76.7M | $113.9M | ||
| Q2 24 | $61.9M | $119.2M | ||
| Q1 24 | $53.1M | $126.1M |
| Q4 25 | — | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 15.4% | 42.4% | ||
| Q3 25 | 0.3% | 41.4% | ||
| Q2 25 | -1.3% | 39.0% | ||
| Q1 25 | -1.0% | 40.0% | ||
| Q4 24 | -3.2% | 40.7% | ||
| Q3 24 | -0.0% | 35.5% | ||
| Q2 24 | -4.7% | 40.1% | ||
| Q1 24 | -2.5% | 41.0% |
| Q4 25 | 11.6% | 62.4% | ||
| Q3 25 | 0.3% | 36.5% | ||
| Q2 25 | 7.4% | 30.0% | ||
| Q1 25 | 8.7% | 29.1% | ||
| Q4 24 | 12.8% | 30.7% | ||
| Q3 24 | 0.2% | 25.4% | ||
| Q2 24 | 10.8% | 29.4% | ||
| Q1 24 | 10.4% | 30.9% |
| Q4 25 | $2.50 | $1.52 | ||
| Q3 25 | $0.72 | $0.86 | ||
| Q2 25 | $1.22 | $0.71 | ||
| Q1 25 | $1.41 | $0.69 | ||
| Q4 24 | $2.54 | $0.66 | ||
| Q3 24 | $2.32 | $0.53 | ||
| Q2 24 | $1.88 | $0.55 | ||
| Q1 24 | $1.63 | $0.59 |
貸借対照表と財務力
直近四半期の流動性・レバレッジ・純資産のスナップショット
| 指標 | | |
|---|---|---|
| 現金・短期投資手元流動性 | $1.6B | $2.1B |
| 総負債低いほど良い | — | — |
| 株主資本純資産 | $2.5B | $6.5B |
| 総資産 | $47.8B | $8.2B |
| 負債/資本比率低いほどレバレッジが低い | — | — |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | $2.5B | $6.5B | ||
| Q3 25 | $2.4B | $6.3B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | $1.9B | $5.9B | ||
| Q4 24 | $1.8B | $5.8B | ||
| Q3 24 | $1.7B | $5.7B | ||
| Q2 24 | $1.6B | $5.6B | ||
| Q1 24 | $1.5B | $5.5B |
| Q4 25 | $47.8B | $8.2B | ||
| Q3 25 | $45.3B | $8.0B | ||
| Q2 25 | $34.3B | $8.1B | ||
| Q1 25 | $31.3B | $7.4B | ||
| Q4 24 | $29.6B | $7.3B | ||
| Q3 24 | $27.5B | $7.3B | ||
| Q2 24 | $25.9B | $7.3B | ||
| Q1 24 | $25.7B | $7.4B |
キャッシュフローと資本効率
再投資後に実際に生み出すキャッシュ。純利益より操作が難しい
| 指標 | | |
|---|---|---|
| 営業キャッシュフロー直近四半期 | $-1.3B | $355.9M |
| フリーキャッシュフロー営業CF - 設備投資 | $-1.3B | $336.5M |
| FCFマージンFCF / 売上 | -106.4% | 64.6% |
| 設備投資強度設備投資 / 売上 | 1.3% | 3.7% |
| キャッシュ転換率営業CF / 純利益 | -9.08× | 1.10× |
| 直近12ヶ月FCF直近4四半期 | $3.5B | $1.1B |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $-1.3B | $355.9M | ||
| Q3 25 | $3.5B | $342.3M | ||
| Q2 25 | $1.5B | $409.2M | ||
| Q1 25 | $-154.5M | $60.2M | ||
| Q4 24 | $-477.8M | $282.0M | ||
| Q3 24 | $192.6M | $292.1M | ||
| Q2 24 | $-622.1M | $285.7M | ||
| Q1 24 | $784.0M | $37.9M |
| Q4 25 | $-1.3B | $336.5M | ||
| Q3 25 | $3.5B | $328.3M | ||
| Q2 25 | $1.5B | $403.7M | ||
| Q1 25 | $-169.8M | $58.6M | ||
| Q4 24 | $-491.4M | $256.8M | ||
| Q3 24 | $175.9M | $287.8M | ||
| Q2 24 | $-640.5M | $280.8M | ||
| Q1 24 | $766.6M | $31.3M |
| Q4 25 | -106.4% | 64.6% | ||
| Q3 25 | 10.7% | 64.5% | ||
| Q2 25 | 173.3% | 78.7% | ||
| Q1 25 | -20.7% | 11.5% | ||
| Q4 24 | -74.1% | 55.4% | ||
| Q3 24 | 0.6% | 64.1% | ||
| Q2 24 | -112.0% | 69.4% | ||
| Q1 24 | 150.5% | 7.7% |
| Q4 25 | 1.3% | 3.7% | ||
| Q3 25 | 0.1% | 2.8% | ||
| Q2 25 | 1.9% | 1.1% | ||
| Q1 25 | 1.9% | 0.3% | ||
| Q4 24 | 2.1% | 5.4% | ||
| Q3 24 | 0.1% | 1.0% | ||
| Q2 24 | 3.2% | 1.2% | ||
| Q1 24 | 3.4% | 1.6% |
| Q4 25 | -9.08× | 1.10× | ||
| Q3 25 | 41.18× | 1.84× | ||
| Q2 25 | 23.52× | 2.66× | ||
| Q1 25 | -2.15× | 0.41× | ||
| Q4 24 | -5.61× | 1.98× | ||
| Q3 24 | 2.51× | 2.56× | ||
| Q2 24 | -10.05× | 2.40× | ||
| Q1 24 | 14.76× | 0.30× |
財務フロー比較
売上 → 粗利 → 営業利益 → 純利益のサンキー図
セグメント別売上内訳
SNEX
| Principal Gains Net | $378.5M | 32% |
| Other | $293.9M | 24% |
| Sales Based Commissions | $214.0M | 18% |
| Exchange Traded Futures And Options | $172.2M | 14% |
| Clearing Service | $79.0M | 7% |
| Equitiesand Fixed Income Commissions | $34.3M | 3% |
| Underwriting Fees | $11.9M | 1% |
| Trailing Commissions | $7.6M | 1% |
| Insurance Annuity Trailing Commissions | $4.0M | 0% |
| Other Consulting Managementand Account Fees | $3.0M | 0% |
| Other Commission And Clearing Fees | $2.1M | 0% |
TW
| Other | $235.2M | 45% |
| Wholesale Client Sector | $97.9M | 19% |
| Subscription Fee Revenue | $60.0M | 12% |
| Retail Client Sector | $35.0M | 7% |
| Market Data Client Sector | $33.8M | 6% |
| Corporate Client Sector | $26.1M | 5% |
| Market Data Revenue | $23.2M | 4% |
| Financial Service Other | $10.0M | 2% |
