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MRXMarex Group plc Ordinary Shares
$67.21$4.8B
Overview & Verdict
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MRX logoMarex Group plc Ordinary Shares(MRX)Earnings, Financials & Key Ratios

MRX•NASDAQ
$67.21
17.4× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryBrokerage, Trading and Market Making
AboutMarex 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 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 financial futures and options; liquidity and execution services for financial securities through trading desks that cover products, including foreign exchange, equities, fixed income, and others. It also operates as an agent to trade in OTC energy products using knowledge of the energy sector and relationships with clients for oil, power and gas, and shipping and freight products; and provides 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 commodity markets comprising agriculture, metals, energy, and currency markets for trading houses, producers and consumers, and banks and distributors. Further, it engages in the structured notes business, which allows investors to build structured notes across asset classes, including commodities, equities, foreign exchange, and fixed-income products for private banks, independent asset managers, pension funds, and corporates. Additionally, the company offers technology platforms, including Neon, a trading, risk, and data platform; and Agile, a commodity broking platform. Marex Group plc was incorporated in 2005 and is headquartered in London, the United Kingdom.Show more
  • EBITDA$1.2B+38.4%
  • Net Income$308M+41.4%
  • EPS (Diluted)3.87+42.3%
  • Gross Margin74.72%+68.0%
  • EBITDA Margin32.97%+10.3%
  • Operating Margin31.98%+10.7%
  • Net Margin8.49%+12.7%
  • ROE27.51%+10.6%

MRX Price & Volume

Marex Group plc Ordinary Shares (MRX) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Revenue Volatility Masks Structural Leverage Risks

Investment Thesis • Updated 2025Q4

VerdictNeutral: While the forward P/E of 12.34 suggests a valuation discount
Growth:Mixed
Profitability:Strained
Financial:Mixed
Cash Flow:Mixed
Primary Risk:High leverage and liquidity

Key Thesis Takeaways

  • Marex Group exhibits a high-growth, acquisition-led trajectory that remains heavily tethered to episodic commodity market volatility, as evidenced by revenue swings between $500.1M and $3.1B in 2025.
  • While the firm has successfully scaled its clearing footprint, the reliance on debt to fund this expansion has pushed the debt-to-equity ratio to 8.05, creating significant sensitivity to market liquidity.
  • Investors should monitor the firm's ability to stabilize operating margins, which have fluctuated between -16.2% and 52.9%, to determine if inorganic growth can eventually translate into consistent, high-quality earnings.

Verdict Logic

the extreme volatility in operating cash flow and a debt-to-equity ratio of 8.05 warrant a cautious approach until earnings quality stabilizes.

MRX Growth Metrics

Marex Group plc Ordinary Shares (MRX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years26.5%
5 Years36.8%
3 Years45.63%
TTM-

Profit CAGR

10 Years33.11%
5 Years47.72%
3 Years49.85%
TTM134.96%

EPS CAGR

10 Years29.58%
5 Years39.98%
3 Years41.71%
TTM68.18%

Return on Capital

10 Years13.79%
5 Years25.43%
3 Years31.38%
Last Year7.88%

MRX Recent Earnings

Marex Group plc Ordinary Shares (MRX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (100%)●Beat Revenue 5/12 qtrs (100%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$1.48+5.7%
$1.40
Rev
$572M+9.4%
$523M
Q2 2026
Mar 3, 2026
Metric
Actual
Est
EPS
$1.13+10.8%
$1.02
Rev
$500M+6.3%
$470M
Q3 2025
Aug 13, 2025
Metric
Actual
Est
EPS
$1.02+14.2%
$0.89
Rev
$467M+2.7%
$455M
Q2 2025
May 15, 2025
Metric
Actual
Est
EPS
$0.91+1.9%
$0.89
Rev
$2.2B+373.4%
$455M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$1.48vs $1.40+5.7%
$572Mvs $523M+9.4%
Q2 2026Mar 3, 2026
$1.13vs $1.02+10.8%
$500Mvs $470M+6.3%
Q3 2025Aug 13, 2025
$1.02vs $0.89+14.2%
$467Mvs $455M+2.7%
Q2 2025May 15, 2025
$0.91vs $0.89+1.9%
$2.2Bvs $455M+373.4%
Based on last 12 quarters of dataView full earnings history →

Latest MRX News

Recent stock market news and headlines for Marex Group plc Ordinary Shares (MRX)

GlobeNewsWire·Jul 1, 2026
Marex redomiciliation to Bermuda: Scheme becomes effective

HAMILTON, Bermuda and LONDON, July 01, 2026 (GLOBE NEWSWIRE) -- Marex Group Limited (NASDAQ: MRX), the diversified global financial services platform, today announced the completion of its redomiciliation to Bermuda from England and Wales, which took effect from 08:41am London time on July 1, 2026. This follows shareholders voting in favor of the redomiciliation at the shareholder meetings held on May 21, 2026, receipt of global regulatory approvals and, lastly, the sanction of the scheme of arrangement implementing the redomicile by the English High Court on June 26, 2026.

Peers Comparison

Key metrics vs top competitors for Marex Group plc Ordinary Shares (MRX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MRX logoMRXMarex Group plc Ordinary SharesCurrent
$67.21$4.83B17.3725.39%8.49%27.51%1.08%
VIRT logoVIRTVirtu Financial, Inc.
$63.23$5.39B12.3326.25%14.17%29.37%—
MKTX logoMKTXMarketAxess Holdings Inc.
$118.60$4.21B17.813.82%35.34%24.02%—
PIPR logoPIPRPiper Sandler Companies
$75.08$5.35B18.9628.55%14.09%18.77%—
LPLA logoLPLALPL Financial Holdings Inc.
$307.58$24.6B28.1737.18%4.93%17.04%—
IBKR logoIBKRInteractive Brokers Group, Inc.
$94.57$41.93B42.609.83%9.77%5.21%—

Compare MRX vs Peers

Marex Group plc Ordinary Shares (MRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VIRT

Most directly comparable listed peer for MRX.

Scale Benchmark

vs MS

Larger-name benchmark to compare MRX against a more recognizable public peer.

Peer Set

Compare Top 5

vs VIRT, MKTX, PIPR, LPLA

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MRX Frequently Asked Questions

Marex Group plc Ordinary Shares (MRX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Marex Group plc Ordinary Shares's revenue?

Marex Group plc Ordinary Shares (MRX) reported $6.52B in revenue for fiscal year 2025.

How fast is Marex Group plc Ordinary Shares growing?

Marex Group plc Ordinary Shares (MRX) grew revenue by 25.4% over the past year. This is strong growth.

Is MRX profitable?

Yes, Marex Group plc Ordinary Shares (MRX) is profitable, generating $526.2M in net income for fiscal year 2025 (8.5% net margin).

Dividend & Returns
Does MRX pay dividends?

Yes, Marex Group plc Ordinary Shares (MRX) pays a dividend with a yield of 1.08%. This makes it attractive for income-focused investors.

What is MRX's return on equity?

Marex Group plc Ordinary Shares (MRX) has a return on equity (ROE) of 27.5%. This is excellent, indicating efficient use of shareholder capital.

What is Marex Group plc Ordinary Shares's free cash flow?

Marex Group plc Ordinary Shares (MRX) generated $883.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MRX back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →