StoneX GroupMEX:SNEX 57 Gross Margin % is 2.11% as of Mar. 2026, which is 61% above its 10-year median of 1.31. GuruFocus rates MEX:SNEX with a GF Score™ of 57/100 and a GF Value™ of MXN1,110.07 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 617 Capital Markets companies, StoneX Group ranks worse than 84.6% on this metric.
The historical rank and industry rank for StoneX Group's Gross Margin % or its related term are showing as below:
MEX:SNEX'
s Gross Margin % Range Over the Past 10 Years
Min: 0.81 Med: 1.31 Max: 2.65
Current: 2.13
During the past 13 years, the highestGross Margin % of StoneX Group was 2.65%. The lowest was 0.81%. And the median was 1.31%.
MEX:SNEX's Gross Margin % is ranked worse than 84.6% of 617
companies
in the Capital Markets industry
Industry Median: 48.3
vs MEX:SNEX: 2.13
StoneX Group had a gross margin of 2.11% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for StoneX Group was 20.00% per year.
StoneX Group (MEX: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 2.11% for the quarter that ended in Mar. 2026 => 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
StoneX Group Gross Margin % Historical Data
* Premium members only.
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.
MEX:SNEX vs XP, HLI, FIGR: Gross Margin % Comparison
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 Gross Margin % vs 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 (MEX:SNEX) has a Gross Margin % of 2.11% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on StoneX Group and its competitors. This is 61% above median its historical median of 1.31. Over the past decade, StoneX Group's Gross Margin % has ranged from 0.81 to 2.65. According to the industry distribution chart, StoneX Group ranks #522 out of 617 companies in the Capital Markets industry, placing it in the top 84.6%.
Is StoneX Group's Gross Margin % too high?
StoneX Group's current Gross Margin % of 2.11% is 61% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 2.65. The Capital Markets industry median Gross Margin % is 48.30. StoneX Group's value of 2.11% is 95.6% below this industry median. Based on the distribution chart, StoneX Group ranks #522 out of 617 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, StoneX Group has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does StoneX Group's Gross Margin % compare to XP and HLI?
According to the Capital Markets industry distribution chart, StoneX Group ranks #522 out of 617 companies for Gross Margin %. This places StoneX Group in the lower half of its industry. The industry median Gross Margin % is 48.30. StoneX Group's value of 2.11% is 95.6% below this benchmark. Historically, StoneX Group's own Gross Margin % has ranged from 0.81 to 2.65 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 48.30, StoneX Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.30, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. StoneX Group's current Gross Margin % of 2.11% is 95.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on StoneX Group and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StoneX Group's current Gross Margin % is 2.11%, which is 61% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StoneX Group stock overvalued right now?
Based on GuruFocus' analysis, StoneX Group (MEX:SNEX) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,110.07, compared to a current price of MXN2,236.00 — trading 101.4% above its estimated fair value. The current Gross Margin % is 2.11%, which is 61% above median its 10-year median of 1.31 and 95.6% below the Capital Markets industry median of 48.30. StoneX Group's overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For StoneX Group (MEX:SNEX), the current Gross Margin % is 2.11% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is StoneX Group (MEX:SNEX) Overvalued in 2026?
Based on GuruFocus' analysis, StoneX Group stock appears to be overvalued.
The current stock price of MXN2,236.00 is trading 101.4% above its estimated GF Value™ of MXN1,110.07.
GuruFocus considers StoneX Group to be Significantly Overvalued.
Key valuation signals for MEX:SNEX:
Gross Margin %: 2.11% (61% above median its 10-year median of 1.31)
GF Value™: MXN1,110.07 vs. price of MXN2,236.00 (101.4% above fair value)
Industry Position: 95.6% below the Capital Markets median (#522 of 617)
No single metric tells the full story. See the MEX:SNEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StoneX Group Inc is a brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.
57GF Score
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