Marex Group plc Ordinary Shares

Marex Group plc Ordinary Shares

MRX · NASDAQ · Financial Services / Capital Markets

70.72USD-0.96 (-1.34%)

Price History

Full chart

Market Stats

Previous Close71.68
Open71.40
Day Range70.34 – 72.51
52-Week Range27.53 – 79.11
Volume312.42K
Market Cap5.35B
P/E (TTM)14.49
Forward P/E7.19
EPS4.92
Dividend Yield0.90%
Beta-0.08
50-Day Avg69.49
200-Day Avg53.33

About

Marex Group Limited, a financial services platform company, provides liquidity, market access, and infrastructure services to clients in the commodity and financial markets in the United Kingdom, the United States, and internationally. It operates through Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions segments. The company offers execution and clearing services in metals, agricultural products, energy and fixed income, financial securities, digital assets, and equity futures and options; liquidity, execution, and risk management solutions to financial markets. It also provides liquidity to clients in the OTC energy markets; market data, analytics, and market commentary; energy services, including gas, power, environmental, and crude oil markets; and market-making services across commodities markets, such as metals, agricultural products, and energy markets. In addition, the company offers OTC traded hedging and customized OTC derivatives solutions; and risk management solutions across a spectrum of markets, including agriculture, currency, and interest rate markets for trading houses, producers and consumers, and banks and distributors. Further, it engages in the digital assets business, which allows investors to build structured notes across asset classes, including commodities, equities, foreign exchange, and fixed-income products for private banks, hedge funds, crypto-native trading firms, crypto exchange-traded product (ETP) providers, proprietary trading firms, independent asset managers, family offices, pension funds, index providers, and corporates; and a portfolio of structured Notes, OTC derivatives, crypto-settled instruments, CME crypto futures, cash and carry, and bitcoin and ethereum ETF. Additionally, the company offers technology platforms, including Neon, a trading, risk, and data platform; and Agile, a commodity broking platform. Marex Group Limited was incorporated in 2005 and is based in London, the United Kingdom.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Ian Theo Lowitt
  • Employees3.35K
  • Headquarters155 Bishopsgate, London, United Kingdom, EC2M 3TQ, USA
  • Websitehttps://www.marex.com

Leadership

  • Mr. Ian Theo LowittGroup Chief Executive Officer · b. 1964
  • Mr. Crispin Robert John IrvinChief Financial Officer · b. 1978
  • Mr. Simon James Van Den BornPresident · b. 1967
  • Mr. Michael DuganChief Technology Officer
  • Mr. Adam StrachanHead of Investor Relations
  • Mr. Nick JonesHead of Legal
  • Ms. Ann Marie BullGroup Head of Compliance
  • Ms. Anna PhilbrickGroup Head of HR
  • Mr. Matthew FranceHead of Institutional Sales, Metals for Asia
  • Mr. Harvey MosesHead of Business Development

Financials

Income Statement

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue358.06M367.97M345.89M328.31M317.90M384.47M549.19M757.53M851.70M1.18B2.35B2.89B3.63B
Growth (%)-+2.77%-6.00%-5.08%-3.17%+20.94%+42.85%+37.93%+12.43%+37.99%+100.14%+23.06%+25.39%
Cost of Revenue--------609.50M313.00M659.40M1.61B917.70M
Gross Profit-367.97M345.89M328.31M317.90M384.47M549.19M757.53M825.30M862.30M1.69B1.29B2.71B
Gross Margin-100.00%100.00%100.00%100.00%100.00%100.00%100.00%96.90%73.37%71.97%44.47%74.72%
Operating Expense-352.87M323.17M301.99M292.66M339.23M536.96M700.95M756.70M591.80M1.01B450.90M1.55B
Operating Income-9.11M15.10M22.73M26.33M25.24M45.24M12.23M56.58M68.60M270.50M683.50M836.30M1.16B
Operating Margin-2.54%4.10%6.57%8.02%7.94%11.77%2.23%7.47%8.05%23.02%29.06%28.89%31.98%
EBITDA5.09M6.50M4.70M2.92M1.63M1.42M7.63M8.52M106.60M284.30M705.40M865.80M1.21B
EBITDA Margin1.42%1.77%1.36%0.89%0.51%0.37%1.39%1.12%12.52%24.19%29.99%29.91%33.28%
Net Income-5.11M17.87M17.64M20.49M17.50M10.15M36.39M43.82M56.50M91.60M128.00M218.00M308.20M
Net Income Margin-1.43%4.86%5.10%6.24%5.50%2.64%6.63%5.79%6.63%7.79%5.44%7.53%8.49%
R&D--606.00K389.00K135.00K60.00K639.00K763.00K-----
R&D as % of Total Revenue--0.18%0.12%0.04%0.02%0.12%0.10%-----
Interest Expense--------26.40M165.00M470.20M538.10M760.20M
Interest Expense % of Total Revenue--------3.10%14.04%19.99%18.59%20.94%

Balance Sheet

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.23B953.14M1.11B1.14B1.08B1.39B2.58B3.77B5.26B15.74B17.61B24.31B34.68B
Total Liabilities67.86M595.85M734.13M761.50M712.27M1.01B2.16B3.32B4.79B15.07B16.84B23.34B33.41B
Total Equity338.80M357.29M373.59M373.83M372.38M381.93M417.75M443.79M477.70M677.70M775.90M976.90M1.26B
Cash310.02M159.10M158.26M188.18M89.22M160.73M217.50M291.55M712.00M910.10M1.48B2.56B6.38B
Total Debt------12.95M246.76M1.29B5.73B5.39B6.14B10.23B
Net Debt-310.02M-159.10M-158.26M-188.18M-89.22M-160.73M-204.56M-44.79M578.10M4.82B3.90B3.58B3.86B

Cash Flow

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-109.51M21.86M7.96M30.10M-95.53M130.29M-23.14M-45.78M470.80M225.60M735.00M1.16B667.50M
Investing Cash Flow347.00K6.45M-1.30M-1.41M-2.13M-2.59M-106.15M-31.05M-19.80M-46.30M-97.60M-35.30M-264.30M
Financing Cash Flow-25.00M-7.50M1.23M-1.30M-56.20M186.07M150.88M-27.20M26.50M-72.80M-37.20M-123.90M
Capital Expenditure5.33M1.48M831.00K1.26M1.69M1.03M2.76M3.36M7.30M9.40M12.10M19.90M13.10M
Free Cash Flow-114.84M20.38M7.13M28.84M-97.22M129.27M-25.90M-49.14M463.50M216.20M722.90M1.14B654.40M
Dividends Paid---20.00M20.00M--18.20M20.00M6.60M58.30M77.10M55.50M
FCF to OCF104.87%93.22%89.56%95.82%101.77%99.21%111.92%107.35%98.45%95.83%98.35%98.29%98.04%
Dividend Paid to FCF---69.35%-20.57%---37.03%4.31%3.05%8.06%6.74%8.48%

Earnings

Report DateMay 29, 2024Aug 14, 2024Nov 7, 2024Mar 6, 2025May 15, 2025Aug 13, 2025Nov 6, 2025Mar 3, 2026May 6, 2026Aug 12, 2026Nov 5, 2026
EPS Estimate0.680.560.740.610.900.930.940.991.021.361.42
EPS Actual0.700.900.760.760.911.020.961.131.481.64-
Surprise2.94%60.71%2.70%23.82%1.11%9.68%2.13%13.64%45.10%20.59%-
Timing-Pre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap5.35B
Enterprise Value8.23B
Trailing P/E14.49
Forward P/E7.19
Price / Sales1.25
Price / Book2.75
EPS4.92
Book Value18.94
Revenue (TTM)3.49B
Gross Profit (TTM)2.44B
Profit Margin12.21%
Operating Margin17.16%
Return on Equity26.24%
Return on Assets1.07%
Shares Outstanding71.93M
Shares Float66.16M
Beta-0.08
Dividend Yield0.90%
Dividend Rate0.64
Payout Ratio11.90%

Analyst Ratings

Buy
Based on 8 analystsTarget 79.88
  • Strong Buy
    3
  • Buy
    4
  • Hold
    1

Ownership Breakdown

Institutions
81.73%
Insiders
6.80%
Retail / Other
11.47%

Top Institutional Holders

  • BlackRock Inc
    4.39M6.10%
  • FMR Inc
    3.48M4.84%
  • Capital Research & Mgmt Co - Division 3
    3.26M4.54%
  • T. Rowe Price Associates, Inc.
    1.91M2.65%
  • AllianceBernstein L.P.
    1.73M2.41%
  • Wasatch Advisors LP
    1.68M2.34%
  • Loomis, Sayles & Company LP
    1.63M2.26%
  • Samlyn Capital, LLC
    1.48M2.06%
  • Amvescap Plc.
    1.37M1.91%
  • Two Sigma Investments LLC
    1.34M1.86%
  • Victory Capital Management Inc.
    1.29M1.80%
  • Royce & Associates, LP
    1.25M1.74%
  • Ophir Asset Management Pty Ltd
    1.25M1.73%
  • Granahan Investment Management Inc..
    1.22M1.70%
  • William Blair Investment Management, LLC
    1.01M1.40%

Top Fund Holders

  • American Funds SMALLCAP World A
    3.18M4.42%
  • iShares Russell 2000 ETF
    1.60M2.23%
  • T. Rowe Price Integrated US Sm Gr Eq
    1.25M1.73%
  • Invesco Discovery A
    1.21M1.69%
  • Fidelity Value
    1.11M1.54%

Dividends

20263×
0.16Aug 24, 20260.16May 18, 20260.15Mar 16, 2026
20254×
0.15Nov 17, 20250.15Aug 26, 20250.15May 27, 20250.14Mar 17, 2025
20242×
0.14Nov 25, 20240.14Aug 30, 2024