Marex Group plc (MRX)
NASDAQ:MRX
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Marex Group plc
(NASDAQ:MRX)
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Rating:73Outperform
Price Target:
$43.00
▲(14.51% Upside)
Action:ReiteratedDate:11/07/25
Marex Group plc's strong financial performance and positive earnings call sentiment are key strengths, driving the stock's overall score. However, technical analysis indicates bearish trends, and cash flow challenges pose potential risks. The stock's reasonable valuation and dividend yield provide additional support.
Positive Factors
Sustained Revenue & Margin Expansion
Multi-year revenue growth and improving margins indicate durable scaling of Marex's client-facing franchises. Higher top line and improved net margins reflect stronger fee capture and operational leverage across brokerage, clearing and prime services, supporting sustained profit generation.
Negative Factors
Operating Cash Flow Collapse
A sudden loss of operating cash generation undermines internal funding for working capital, margin calls, and investments. Persistent weak cash flow would force reliance on external financing, increasing liquidity risk and constraining the firm's ability to capitalize on growth or weather volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue & Margin Expansion
Multi-year revenue growth and improving margins indicate durable scaling of Marex's client-facing franchises. Higher top line and improved net margins reflect stronger fee capture and operational leverage across brokerage, clearing and prime services, supporting sustained profit generation.
Read all positive factors
Marex Group plc (MRX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.63B
Dividend Yield1.47%
Average Volume (3M)1.13M
Price to Earnings (P/E)8.9
Beta (1Y)0.53
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,425
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)1.14
Shares Outstanding71,231,705
10 Day Avg. Volume1,125,192
30 Day Avg. Volume1,129,916
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)2.56
Price to Sales (P/S)0.86
P/FCF Ratio2.18
Enterprise Value/Market Cap2.46
Enterprise Value/Revenue2.44
Enterprise Value/Gross Profit5.45
Enterprise Value/Ebitda11.58
Forecast
1Y Price Target
$54.80Price Target Upside45.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)4.39
Revenue Forecast (FY)$2.23B
Marex Group plc Business Overview & Revenue Model
Company Description
Marex Group plc, a financial services platform provider company, provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets in the United Kingdom, the United States, and internationa...
How the Company Makes Money
Marex Group generates revenue primarily through transaction fees and commissions from its brokerage services, where it acts as an intermediary between buyers and sellers in various commodity markets. Key revenue streams include trading commissions...
Marex Group plc Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call conveys a predominantly positive tone: strong, broad-based record financial performance across segments, successful M&A and clear strategic progress (Prime, digital assets, AI). Notable headwinds include a material decline in net interest income, rising interest expense and elevated investment/compensation spend, plus short-term volatility and geopolitical risks. On balance the highlights (robust revenue/PBT growth, margin and ROE expansion, segment strength and successful integrations) substantially outweigh the lowlights, supporting confidence in continued growth.Positive Updates
Record Annual and Quarterly Financial Performance
Full year revenue grew 27% to $2,020,000,000 and adjusted profit before tax rose 30% to $418,000,000. Full year EPS increased 39% to $4.12. Q4 revenue was $572,000,000 (up 38% YoY) and Q4 adjusted PBT was $115,000,000 (up 41% YoY); Q4 EPS rose 50% to $1.14.
Negative Updates
Decline in Net Interest Income (NII)
Full-year NII fell to $153,000,000 from $227,000,000 in prior year (approx. -32.6%), driven by a ~100 basis points decline in rates offset only partially by balance growth; Q4 NII was $26,000,000, down $13,000,000 vs Q3 due to a further 40 bps Fed funds decline.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual and Quarterly Financial Performance
Full year revenue grew 27% to $2,020,000,000 and adjusted profit before tax rose 30% to $418,000,000. Full year EPS increased 39% to $4.12. Q4 revenue was $572,000,000 (up 38% YoY) and Q4 adjusted PBT was $115,000,000 (up 41% YoY); Q4 EPS rose 50% to $1.14.
Read all positive updates
Company Guidance
Management reiterated forward guidance to deliver sustainable profit growth of roughly 10% organic plus 5–10% from selective inorganic M&A and expressed confidence in continuing to grow through 2026, while reaffirming a $0.15 quarterly dividend (payable March 31) and a conservative balance sheet — regulatory capital $927m vs requirement $403m (230% ratio), ~$1.0bn liquidity headroom, total corporate funding $6.2bn including $500m senior debt — and noting operational/risk metrics such as average daily VaR $3.8m and realized credit loss $0.8m (<0.1% of revenues); management also flagged near-term items including the anticipated Q2 sale of Winterflood’s custody business and going live with the CFTC stablecoin pilot and expanded 24/7 Clearing digital‑asset capability in March.Marex Group plc Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.65B | 2.89B | 2.35B | 1.18B | 851.70M | 757.53M |
| Gross Profit | 1.19B | 1.29B | 1.69B | 862.30M | 825.30M | 757.53M |
| EBITDA | 559.90M | 865.80M | 705.40M | 284.30M | 106.60M | 18.56M |
| Net Income | 191.80M | 218.00M | 128.00M | 91.60M | 56.50M | 43.82M |
Balance Sheet | ||||||
| Total Assets | 31.19B | 24.31B | 17.61B | 15.74B | 5.26B | 3.77B |
| Cash, Cash Equivalents and Short-Term Investments | 6.91B | 5.21B | 4.73B | 3.22B | 758.30M | 291.55M |
| Total Debt | 8.55B | 6.14B | 5.39B | 5.73B | 1.29B | 246.76M |
| Total Liabilities | 30.08B | 23.34B | 16.84B | 15.07B | 4.79B | 3.32B |
| Stockholders Equity | 1.11B | 976.90M | 775.90M | 677.70M | 477.70M | 443.79M |
Cash Flow | ||||||
| Free Cash Flow | 1.62B | 1.14B | 722.90M | 216.20M | 463.50M | -49.14M |
| Operating Cash Flow | 1.64B | 1.16B | 735.00M | 225.60M | 470.80M | -45.78M |
| Investing Cash Flow | -92.70M | -35.30M | -97.60M | -46.30M | -19.80M | -31.05M |
| Financing Cash Flow | -113.80M | -37.20M | -72.80M | 26.50M | -27.20M | 150.88M |
Marex Group plc Technical Analysis
Positive
37.55
Price Trends
39.19
Negative
37.48
Positive
36.33
Positive
Market Momentum
-1.00
Negative
48.92
Neutral
63.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRX, the sentiment is Positive. The current price of 37.55 is below the 20-day moving average (MA) of 37.85, below the 50-day MA of 39.19, and above the 200-day MA of 36.33, indicating a neutral trend. The MACD of -1.00 indicates Negative momentum. The RSI at 48.92 is Neutral, neither overbought nor oversold. The STOCH value of 63.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MRX.
Marex Group plc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $905.89M | 2.55 | 16.16% | 0.99% | 12.52% | 16.53% | |
73 Outperform | $2.63B | 8.88 | ― | 1.47% | ― | ― | |
73 Outperform | $1.19B | 9.86 | 21.89% | ― | 65.74% | 345.40% | |
70 Outperform | $2.41B | 11.08 | 17.30% | ― | ― | ― | |
68 Neutral | $326.31M | -7.54 | -33.34% | ― | 29.96% | 66.09% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
50 Neutral | $1.58B | 31.31 | ― | 1.62% | -12.44% | ― |
* Financial Sector Average
MRX
Marex Group plc
37.55
2.93
8.48%
OPY
Oppenheimer Holdings
86.35
25.67
42.30%
TIGR
Up Fintech Holding
6.69
-2.32
-25.75%
PWP
Perella Weinberg Partners
17.24
-3.04
-14.99%
FUFU
BitFuFu
1.96
-3.54
-64.36%
ETOR
eToro
29.35
-37.50
-56.10%
Marex Group plc Corporate Events
Marex Group Reports Strong Q3 2025 Results Amid Strategic Growth
Nov 6, 2025
On November 6, 2025, Marex Group plc announced strong financial results for the third quarter of 2025, with revenue reaching $485 million and adjusted profit before tax increasing by 25% year-on-year to $101 million. The company’s performanc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.