SNEX vs JPM vs MS Stock Comparison

StoneX, Jpmorgan Chase and Morgan Stanley Prices as of Oct 23, 2026 Peers: Industry group
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SNEX StoneX Group Inc.
$56.55 -16.6% 1M -15.0% 1Y
Market cap
$6.46B
P/E
12.3x
Revenue (TTM)
$157.71B
Div. yield
–
Institutional Trading Financial Services
5 wins
JPM Jpmorgan Chase & Co
$331.54 -1.8% 1M +12.6% 1Y
Market cap
$898.55B
P/E
14.1x
Revenue (TTM)
$199.41B
Div. yield
–
Money Center Banks Financial Services
5 wins
MS Morgan Stanley
$179.49 -9.5% 1M +12.7% 1Y
Market cap
$285.21B
P/E
14.6x
Revenue (TTM)
$78.04B
Div. yield
–
Money Center Banks Financial Services
1 win

Head to Head

11 decided of 12

Jpmorgan Chase leads on 5 of the 12 questions below (Jpmorgan Chase 5, StoneX 5, Morgan Stanley 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSNEXJPMMSLeader
Larger companyMarket capitalisation $6.46B $898.55B $285.21B JPM
Cheaper on earningsLower P/E, profitable companies only 12.3x 14.1x 14.6x SNEX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.4x 13.7x 13.2x SNEX
Faster revenue growthRevenue growth, trailing twelve months +20.6% +13.5% +18.0% SNEX
More profitableNet margin, trailing twelve months 0.3% 31.9% 25.0% JPM
Better return on capitalReturn on invested capital 6.6% 15.8% 12.0% JPM
Less leveragedLower net debt / EBITDA 10.3x 2.8x 2.9x JPM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -15.0% +12.6% +12.7% MS
Better 5-year returnAnnualised price return, 5 years +21.8%/yr +14.1%/yr +12.0%/yr SNEX
Less volatileAnnualised volatility, 1 year 60.5% 22.2% 28.5% JPM
Higher overall scoreMean of the five percentile scores vs peers 52/100 33/100 39/100 SNEX

Percentile Scorecard

SNEXJPMMS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSNEXJPMMS
Valuation 96 #5 of 97 2 #353 of 361 7 #337 of 361
Growth 90 #8 of 69 27 #251 of 344 88 #44 of 344
Profitability 41 #42 of 70 55 #156 of 348 25 #263 of 348
Financial Health 14 #87 of 101 9 #311 of 340 2 #332 of 340
Shareholder Returns 18 #33 of 40 74 #93 of 352 75 #88 of 352
Overall 52 33 39
  • SNEX ranked among 112 companies in Capital Markets
  • JPM ranked among 370 companies in Banking
  • MS ranked among 370 companies in Banking

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSNEXJPMMSSPY
1 month -16.6%-1.8%-9.5% -1.0%
3 months -23.8%-6.1%-16.3% +2.9%
6 months -46.7%+7.5%-4.6% +6.4%
Year to date -10.8%+2.9%+1.1% +11.4%
1 year -15.0%+12.6%+12.7% +13.1%
3 years +117.7%+134.9%+150.8% +79.4%
3 years, per year +29.6%+32.9%+35.9% +21.5%
5 years +168.4%+93.0%+76.3% +67.7%
5 years, per year +21.8%+14.1%+12.0% +10.9%
10 years +411.3%+384.1%+436.8% +255.2%
10 years, per year +17.7%+17.1%+18.3% +13.5%

Risk

MeasureSNEXJPMMSSPY
Volatility, 1Y 60.5%22.2%28.5% 12.7%
Downside volatility, 1Y 74.5%23.8%29.8% 12.7%
Beta vs S&P 500, 1Y 1.230.741.42 1.00
Return / volatility, 1Y -0.250.570.45 1.03
Max drawdown, 5Y -59.5%-40.5%-35.3% -25.4%
From 52-week high -59.3%-9.2%-21.5% -2.5%
52-week high $139.01$365.23$228.55 $779.14
52-week low $55.81$282.84$154.37 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSNEXJPMMS
P/E now vs peer median 12.4xmedian 29.4x 14.0xmedian 12.5x 14.3xmedian 12.5x
P/S now vs peer median 0.0xmedian 2.8x 4.4xmedian 3.5x 3.6xmedian 3.5x
EV/EBITDA now vs peer median 12.2xmedian 12.8x 7.4xmedian 4.8x 6.3xmedian 4.8x
P/FCF now vs peer median 1.8xmedian 15.9x -5.4xmedian 11.4x -15.2xmedian 11.4x
P/B now vs peer median 2.4xmedian 2.5x 2.4xmedian 1.2x 2.4xmedian 1.2x
PEG now vs peer median 0.55median 0.51 0.95median 1.48 0.49median 1.48

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSNEXJPMMS
Revenue $157.71B $199.41B $78.04B
Gross profit $5.68B – –
Operating income $3.50B – –
Net income $526.90M $65.07B $20.37B
Free cash flow $3.78B -$162.53B -$18.58B
EPS (diluted) $4.23 $23.62 $12.46
Cash & equivalents $2.19B – $160.14B
Total debt $142.62B $532.95B $392.56B
Shares (diluted) 124.48M 2.69B 1.57B
Enterprise value -$1.06B $898.55B -$223.89B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSNEXJPMMS
P/E 12.4x 14.0x 14.3x
P/FCF 1.8x -5.4x -15.2x
P/Operating cash flow 1.8x -5.4x -18.1x
P/S 0.0x 4.4x 3.6x
P/B 2.4x 2.4x 2.4x
P/Tangible book 2.4x 2.4x 2.5x
EV/EBITDA 12.2x 7.4x 6.3x
EV/EBIT 12.5x 7.8x 6.7x
EV/Revenue 0.3x 7.1x 6.6x
EV/FCF 11.6x -8.7x -27.7x
EV/Operating cash flow 11.4x -8.7x -33.0x
PEG (3Y EPS CAGR) 0.55 0.95 0.49

Growth

14 metrics
MetricSNEXJPMMS
Revenue growth (1Y) 20.6% 13.5% 18.0%
Revenue CAGR (3Y) 37.5% 10.7% 13.3%
Gross profit growth (1Y) 47.6% – –
Gross profit CAGR (3Y) 27.8% – –
Operating income growth (1Y) 51.2% – –
Operating income CAGR (3Y) 35.6% – –
Net income growth (1Y) 77.5% 15.1% 36.7%
Net income CAGR (3Y) 30.0% 10.8% 26.0%
EPS growth (1Y) 60.2% 19.6% 40.3%
EPS CAGR (3Y) 22.6% 14.8% 29.4%
Operating cash flow growth (1Y) 266.9% -9.4% 11.8%
Operating cash flow CAGR (3Y) 217.7% -159.0% 27.6%
Free cash flow growth (1Y) 282.3% -9.4% 11.3%
Free cash flow CAGR (3Y) 188.0% -159.0% 25.1%

Profitability

14 metrics
MetricSNEXJPMMS
Gross margin 3.6% – –
EBITDA margin 2.3% 96.0% 104.2%
Operating margin 2.2% – –
Pretax margin 0.4% 42.1% 33.5%
Net margin 0.3% 31.9% 25.0%
FCF margin 2.4% -81.5% -23.8%
Operating cash flow margin 2.4% -81.5% -20.0%
Return on equity 19.0% 17.6% 17.5%
Return on assets 1.0% 1.3% 1.3%
Return on invested capital 6.6% 15.8% 12.0%
Return on capital employed – – –
Asset turnover 2.9x 0.0x 0.0x
Cash conversion (OCF / net income) 7.3x -2.5x -0.8x
Stock comp / revenue 0.0% – 2.6%

Financial Health

11 metrics
MetricSNEXJPMMS
Debt / assets 72.8% 10.6% 23.4%
Debt / equity 13.8x 1.4x 3.3x
Net debt / EBITDA 10.3x 2.8x 2.9x
Debt / FCF 10.4x -3.3x -21.1x
Liabilities / assets 94.7% 92.5% 93.0%
Equity / assets 5.3% 7.5% 7.0%
Interest coverage 1.9x 1.9x 1.5x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricSNEXJPMMS
Dividend yield – 1.9% 2.3%
Net buyback yield -0.3% 3.5% 2.6%
Shareholder yield -0.3% 5.3% 4.9%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSNEXJPMMS
Forward P/E 12.4xFY2026 13.7xFY2026 13.2xFY2026
EPS, next fiscal year $4.57FY2026 $24.21FY2026 $13.63FY2026
EPS growth, next FY +74.4%FY2026 +20.9%FY2026 +33.5%FY2026
EPS growth, the year after +1.8% +2.5% -4.0%
Revenue, next fiscal year $5.64BFY2026 $213.97BFY2026 $79.95BFY2026
Revenue growth, next FY +36.5%FY2026 +17.3%FY2026 +13.2%FY2026
Revenue growth, the year after +10.8% -2.6% +13.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSNEXJPMMS
Held by institutions 83.8% 73.0% 85.7%
Institutions holding 468 5,081 2,740
Change in shares held, QoQ +2.5% +1.1% +1.5%
Institutions buying 277 2,486 1,466
Institutions selling 145 2,060 939
Buyers to sellers 1.91 1.21 1.56

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SNEXJPMMS
SNEX 1.00 0.21 0.36
JPM 0.21 1.00 0.62
MS 0.36 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SNEX, JPM and MS?

Jpmorgan Chase (JPM) is the largest by market capitalisation: StoneX (SNEX) $6.46B, Jpmorgan Chase (JPM) $898.55B, Morgan Stanley (MS) $285.21B.

Which stock is cheaper, SNEX, JPM and MS?

StoneX (SNEX) trades on the lowest price-to-earnings ratio (StoneX (SNEX) 12.3x, Jpmorgan Chase (JPM) 14.1x, Morgan Stanley (MS) 14.6x). On next year's consensus earnings, StoneX (SNEX) is cheapest (StoneX (SNEX) 12.4x, Jpmorgan Chase (JPM) 13.7x, Morgan Stanley (MS) 13.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

StoneX (SNEX) grew revenue fastest over the trailing twelve months: StoneX (SNEX) +20.6%, Jpmorgan Chase (JPM) +13.5%, Morgan Stanley (MS) +18.0%.

Which company is more profitable?

Jpmorgan Chase (JPM) has the highest net margin (StoneX (SNEX) 0.3%, Jpmorgan Chase (JPM) 31.9%, Morgan Stanley (MS) 25.0%). On return on invested capital, Jpmorgan Chase (JPM) leads (StoneX (SNEX) 6.6%, Jpmorgan Chase (JPM) 15.8%, Morgan Stanley (MS) 12.0%).

Which stock has performed better?

Over the past year Morgan Stanley (MS) returned the most: StoneX (SNEX) -15.0%, Jpmorgan Chase (JPM) +12.6%, Morgan Stanley (MS) +12.7%. Over five years, StoneX (SNEX) compounded fastest (StoneX (SNEX) +21.8%/yr, Jpmorgan Chase (JPM) +14.1%/yr, Morgan Stanley (MS) +12.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Jpmorgan Chase (JPM) has been the steadiest (StoneX (SNEX) 60.5%, Jpmorgan Chase (JPM) 22.2%, Morgan Stanley (MS) 28.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SNEX, JPM and MS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Jpmorgan Chase (JPM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.