The historical rank and industry rank for StoneX Group's Gross Margin % or its related term are showing as below:
SNEX'
s Gross Margin % Range Over the Past 10 Years
Min: 0.38 Med: 1.1 Max: 2.45
Current: 2.3
During the past 13 years, the highestGross Margin % of StoneX Group was 2.45%. The lowest was 0.38%. And the median was 1.10%.
SNEX's Gross Margin % is ranked worse than 86.61% of 605
companies
in the Capital Markets industry
Industry Median: 48.7
vs SNEX: 2.30
StoneX Group had a gross margin of 2.26% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for StoneX Group was 13.50% per year.
StoneX Group Gross Margin % Historical Data
The historical data trend for StoneX Group's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of StoneX Group's Gross Margin %
For the Capital Markets subindustry, StoneX Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
StoneX Group's Gross Margin % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, StoneX Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where StoneX Group's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
StoneX Group (NAS:SNEX) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
StoneX Group had a gross margin of 2.26% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
StoneX Group Gross Margin % Related Terms
Thank you for viewing the detailed overview of StoneX Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
StoneX Group Inc is a Global brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, Global payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: commercial, Institutional, Retail, and Global Payments. Its customers include governmental and nongovernmental organizations, and commercial banks, brokers, institutional investors, and investment banks. The company operates in United States, South America, Europe, Middle East and Asia and other countries, out of which majority revenue is generates from Middle East and Asia Region.
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