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Marex Group plc

Marex Group plc

NASDAQ•MRX
CEO: Mr. Ian Theo Lowitt
Sector: Financial Services
Industry: Financial - Capital Markets
Listing Date: 1990-03-28
Marex Group plc, a financial services platform, provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. It operates through four segments: Market Making, Clearing, Agency and Execution, and Hedging and Investment Solutions. The company offers execution and clearing services in metals, agricultural products, 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 acts as an agent to trades in OTC energy products using knowledge of the energy sector and relationships with clients; and provides market making services across commodities markets, such as metals, agricultural products, and energy and securities 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. Further, it engages in the structured notes business, which allows investors to build their own structured notes across asset classes, including commodities, equities, foreign exchange, and fixed income products for private banks, independent asset managers, pension funds, and corporates. The company operates in the United Kingdom, the United States, and internationally. Marex Group plc was incorporated in 2005 and is headquartered in London, the United Kingdom.
Contact Information
155 Bishopsgate, London, EC2M 3TQ, United Kingdom
44-20-7655-6000
www.marex.com
Market Cap
$2.78B
P/E (TTM)
8.6
52.5
Dividend Yield
1.5%
52W High
$49.34
52W Low
$27.91
52W Range
51%
Rank37Top 25.8%
4.8
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q2 2025 Data

Revenue

$500.10M-32.42%
4-Quarter Trend

EPS

$2.01+51.13%
4-Quarter Trend

FCF

$918.90M+107.29%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Grew 28% Revenue grew 28% to $1,594.7M, driven by robust client activity, market share gains, and supportive market conditions across segments.
Profitability Surge Post-IPO Profit Before Tax reached $295.8M, up 50% from $196.5M, reflecting strong segment performance across core operations in 2024.
Clearing Segment Strength Net Commission Income rose 21% to $856.1M; contracts cleared increased 30% to 1.116B units, benefiting from favorable Metals conditions.
ESG Business Expansion Environmental revenue grew 42% to $66.1M, representing 4% of total revenue, showing clear growth opportunity in green markets.

Risk Factors

Commodity Market Volatility Revenue depends substantially on commodity pricing levels and volatility, which are largely beyond management control, impacting spreads and commissions.
Geopolitical Instability Impact Russia/Ukraine war causes market volatility, potentially leading to low trading volumes and market illiquidity risks affecting operational results.
Internal Control Weaknesses Material weaknesses identified in internal control over financial reporting may result in future financial misstatements or reporting failures requiring remediation.
Regulatory Compliance Burden Subject to varied global regulations; non-compliance risks significant financial penalties and reputational damage across international operations.

Outlook

Strategic Acquisitions Progress Completing Aarna Capital and Hamilton Court Group acquisitions expected in Q2 2025 to enhance regional footprint and FX services capabilities.
Technology Investment Focus Continue developing proprietary platforms like Neon and Agile to enhance competitive advantage and reduce time-to-market for innovative solutions.
ESG Transition Commitment Focused on net-zero by 2050, building baseline for Scope 3 emissions strategy during 2025 planning and expanding environmental product offerings.
Capital Structure Management Maintaining strong capital ratios (Total Capital Ratio 234% in 2024) while managing debt programs and liquidity headroom for future growth.

Peer Comparison

Revenue (TTM)

Stifel Financial Corp.SF
$5.94B
+3.2%
Marex Group plcMRX
$4.26B
+47.3%
First Financial Bancorp.FFBC
$1.27B
+6.9%

Gross Margin (Latest Quarter)

WaFd, Inc.WAFD
100.0%
+51.6pp
Banner CorporationBANR
98.4%
+27.5pp
Stifel Financial Corp.SF
86.8%
+5.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SF$13.22B20.211.8%7.4%
MRX$2.78B8.631.5%27.4%
WAFD$2.59B11.47.5%6.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-12.2%
Growth Under Pressure
4Q Net Income CAGR
-9.3%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Mar 5, 2026
|
EPS:$0.99
|
Revenue:-
Reports
All Years
  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 21, 2025|
    Revenue: $2.89B+23.1%
    |
    EPS: $2.96+52.6%
    Beat