SNEX vs MS vs JPM Stock Comparison

StoneX, Morgan Stanley and Jpmorgan Chase Prices as of Oct 28, 2026 Peers: Industry group
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SNEX StoneX Group Inc.
$56.04 -15.0% 1M -12.5% 1Y
Market cap
$6.36B
P/E
12.1x
Revenue (TTM)
$157.71B
Div. yield
–
Institutional Trading Financial Services
5 wins
MS Morgan Stanley
$190.30 -1.7% 1M +15.2% 1Y
Market cap
$295.73B
P/E
14.9x
Revenue (TTM)
$80.16B
Div. yield
–
Money Center Banks Financial Services
1 win
JPM Jpmorgan Chase & Co
$339.49 +0.8% 1M +11.2% 1Y
Market cap
$923.68B
P/E
14.2x
Revenue (TTM)
$203.15B
Div. yield
–
Money Center Banks Financial Services
2 wins

Head to Head

8 decided of 12

StoneX leads on 5 of the 12 questions below (StoneX 5, Jpmorgan Chase 2, Morgan Stanley 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSNEXMSJPMLeader
Larger companyMarket capitalisation $6.36B $295.73B $923.68B JPM
Cheaper on earningsLower P/E, profitable companies only 12.1x 14.9x 14.2x SNEX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.3x 13.9x 14.1x SNEX
Faster revenue growthRevenue growth, trailing twelve months +20.6% +16.2% +13.2% SNEX
More profitableNet margin, trailing twelve months 0.3% — — –
Better return on capitalReturn on invested capital 6.6% — — –
Less leveragedLower net debt / EBITDA 10.3x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -12.5% +15.2% +11.2% MS
Better 5-year returnAnnualised price return, 5 years +22.3%/yr +13.1%/yr +14.9%/yr SNEX
Less volatileAnnualised volatility, 1 year 60.4% 28.5% 22.1% JPM
Higher overall scoreMean of the five percentile scores vs peers 53/100 51/100 34/100 SNEX

Percentile Scorecard

SNEXMSJPM

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

AxisSNEXMSJPM
Valuation 97 #4 of 96 28 #260 of 361 7 #335 of 361
Growth 89 #8 of 65 93 #13 of 172 72 #49 of 172
Profitability 44 #37 of 65 – –
Financial Health 13 #80 of 92 – –
Shareholder Returns 22 #30 of 38 33 #226 of 338 23 #262 of 338
Overall 53 51 34
  • SNEX ranked among 110 companies in Capital Markets
  • MS ranked among 368 companies in Banking
  • JPM ranked among 368 companies in Banking

Price Performance

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

Returns

PeriodSNEXMSJPMSPY
1 month -15.0%-1.7%+0.8% +0.9%
3 months -22.2%-6.3%-1.5% +5.9%
6 months -45.9%+1.7%+9.8% +8.5%
Year to date -11.6%+7.2%+5.4% +13.3%
1 year -12.5%+15.2%+11.2% +12.4%
3 years +105.4%+170.3%+150.2% +88.1%
3 years, per year +27.1%+39.3%+35.8% +23.5%
5 years +173.6%+85.2%+99.8% +68.2%
5 years, per year +22.3%+13.1%+14.9% +11.0%
10 years +421.3%+467.7%+391.2% +263.4%
10 years, per year +18.0%+19.0%+17.3% +13.8%

Risk

MeasureSNEXMSJPMSPY
Volatility, 1Y 60.4%28.5%22.1% 12.7%
Downside volatility, 1Y 74.4%29.9%23.8% 12.7%
Beta vs S&P 500, 1Y 1.251.430.73 1.00
Return / volatility, 1Y -0.210.530.51 0.98
Max drawdown, 5Y -59.9%-35.3%-40.2% -25.4%
From 52-week high -59.7%-16.7%-7.0% -0.9%
52-week high $139.01$228.55$365.23 $779.14
52-week low $55.75$154.37$282.84 $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.

MultipleSNEXMSJPM
P/E now vs peer median 12.3xmedian 30.1x 14.9xmedian 12.1x 14.1xmedian 12.1x
P/S now vs peer median 0.0xmedian 3.0x 3.7xmedian 3.4x 4.4xmedian 3.4x
EV/EBITDA now vs peer median 12.2xmedian 14.1x —median 5.1x —median 5.1x
P/FCF now vs peer median 1.8xmedian 15.8x -16.3xmedian 10.8x -5.5xmedian 10.8x
P/B now vs peer median 2.4xmedian 2.4x —median 1.2x 2.4xmedian 1.2x
PEG now vs peer median 0.54median 0.54 0.48median 1.32 1.12median 1.32

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 monthsSNEXMSJPM
Revenue $157.71B $80.16B $203.15B
Gross profit $5.68B – –
Operating income $3.50B – –
Net income $526.90M – –
Free cash flow $3.78B – –
EPS (diluted) $4.23 $12.65 $24.09
Cash & equivalents $2.19B – –
Total debt $39.34B – –
Shares (diluted) 124.48M 1.57B 2.69B
Enterprise value -$1.15B $295.73B $923.68B

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
MetricSNEXMSJPM
P/E 12.3x 14.9x 14.1x
P/FCF 1.8x -16.3x -5.5x
P/Operating cash flow 1.7x – –
P/S 0.0x 3.7x 4.4x
P/B 2.4x – 2.4x
P/Tangible book 2.4x – 2.4x
EV/EBITDA 12.2x – –
EV/EBIT 12.5x – –
EV/Revenue 0.3x 3.7x 4.4x
EV/FCF 11.6x – –
EV/Operating cash flow 11.4x – –
PEG (3Y EPS CAGR) 0.54 0.48 1.12

Growth

14 metrics
MetricSNEXMSJPM
Revenue growth (1Y) 20.6% 16.2% 13.2%
Revenue CAGR (3Y) 37.5% 14.1% 9.7%
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% – –
Net income CAGR (3Y) 30.0% – –
EPS growth (1Y) 60.2% 29.2% 17.7%
EPS CAGR (3Y) 22.6% 30.9% 12.6%
Operating cash flow growth (1Y) 266.9% – –
Operating cash flow CAGR (3Y) 217.7% – –
Free cash flow growth (1Y) 282.3% – –
Free cash flow CAGR (3Y) 188.0% – –

Profitability

14 metrics
MetricSNEXMSJPM
Gross margin 3.6% – –
EBITDA margin 2.3% – –
Operating margin 2.2% – –
Pretax margin 0.4% – –
Net margin 0.3% – –
FCF margin 2.4% – –
Operating cash flow margin 2.4% – –
Return on equity 19.0% – –
Return on assets 1.0% 1.2% –
Return on invested capital 6.6% – –
Return on capital employed – – –
Asset turnover 2.9x 0.0x 0.0x
Cash conversion (OCF / net income) 7.3x – –
Stock comp / revenue 0.0% – –

Financial Health

11 metrics
MetricSNEXMSJPM
Debt / assets 72.8% – –
Debt / equity 13.8x – –
Net debt / EBITDA 10.3x – –
Debt / FCF 10.4x – –
Liabilities / assets 94.7% – 92.7%
Equity / assets 5.3% – 7.3%
Interest coverage 1.9x – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricSNEXMSJPM
Dividend yield – 2.2% 1.8%
Net buyback yield -0.3% – –
Shareholder yield -0.3% 2.2% 1.8%
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.

ConsensusSNEXMSJPM
Forward P/E 12.3xFY2026 13.9xFY2026 14.1xFY2026
EPS, next fiscal year $4.57FY2026 $13.66FY2026 $24.14FY2026
EPS growth, next FY +74.4%FY2026 +33.8%FY2026 +20.6%FY2026
EPS growth, the year after +1.8% -4.2% +2.7%
Revenue, next fiscal year $5.64BFY2026 $80.05BFY2026 $213.87BFY2026
Revenue growth, next FY +36.5%FY2026 +13.3%FY2026 +17.2%FY2026
Revenue growth, the year after +10.8% +13.3% -2.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSNEXMSJPM
Held by institutions 83.8% 85.7% 73.0%
Institutions holding 468 2,743 5,084
Change in shares held, QoQ +2.5% +1.5% +1.1%
Institutions buying 277 1,469 2,488
Institutions selling 145 939 2,061
Buyers to sellers 1.91 1.56 1.21

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.

SNEXMSJPM
SNEX 1.00 0.36 0.21
MS 0.36 1.00 0.62
JPM 0.21 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SNEX, MS and JPM?

Jpmorgan Chase (JPM) is the largest by market capitalisation: StoneX (SNEX) $6.36B, Morgan Stanley (MS) $295.73B, Jpmorgan Chase (JPM) $923.68B.

Which stock is cheaper, SNEX, MS and JPM?

StoneX (SNEX) trades on the lowest price-to-earnings ratio (StoneX (SNEX) 12.1x, Morgan Stanley (MS) 14.9x, Jpmorgan Chase (JPM) 14.2x). On next year's consensus earnings, StoneX (SNEX) is cheapest (StoneX (SNEX) 12.3x, Morgan Stanley (MS) 13.9x, Jpmorgan Chase (JPM) 14.1x). 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%, Morgan Stanley (MS) +16.2%, Jpmorgan Chase (JPM) +13.2%.

Which stock has performed better?

Over the past year Morgan Stanley (MS) returned the most: StoneX (SNEX) -12.5%, Morgan Stanley (MS) +15.2%, Jpmorgan Chase (JPM) +11.2%. Over five years, StoneX (SNEX) compounded fastest (StoneX (SNEX) +22.3%/yr, Morgan Stanley (MS) +13.1%/yr, Jpmorgan Chase (JPM) +14.9%/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) 60.4%, Morgan Stanley (MS) 28.5%, Jpmorgan Chase (JPM) 22.1%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, StoneX (SNEX) 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.