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Marex Group Ltd

MRX Clue Score77
Bermuda Fiscal year ends December CIK 0001997464
$71.92 +1.05% Close, 9 Oct 2026
Price $71.92 +2.32% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Jul 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2022Revenue0.71Net income0.09EPS, diluted1.36Fiscal year 2023Revenue1.24 +75.0%Net income0.13 +39.7%EPS, diluted1.82 +33.8%Fiscal year 2024Revenue1.59 +28.1%Net income0.20 +59.9%EPS, diluted2.72 +49.5%Fiscal year 2025Revenue2.02 +26.9%Net income0.29 +43.6%EPS, diluted3.86 +41.9%
FY2022FY2023FY2024FY2025
Revenue 0.71 1.24 1.59 2.02
Growth +75.0% +28.1% +26.9%
Net income 0.09 0.13 0.20 0.29
Growth +39.7% +59.9% +43.6%
EPS, diluted 1.36 1.82 2.72 3.86
Growth +33.8% +49.5% +41.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2022Net margin12.9%Free cash flow margin31.2%Fiscal year 2023Net margin10.3%Free cash flow margin58.3%Fiscal year 2024Net margin12.8%Free cash flow margin72.2%Fiscal year 2025Net margin14.5%Free cash flow margin32.3%
FY2022FY2023FY2024FY2025
Net margin 12.9% 10.3% 12.8% 14.5%
Free cash flow margin 31.2% 58.3% 72.2% 32.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow0.23Capital expenditure−0.00Free cash flow0.22Buybacks−0.01Dividends paid−0.01Fiscal year 2023Operating cash flow0.74Capital expenditure−0.01Free cash flow0.73 +227.0%Buybacks−0.00Dividends paid−0.06Fiscal year 2024Operating cash flow1.16Capital expenditure−0.01Free cash flow1.15 +58.7%Buybacks−0.02Dividends paid−0.08Fiscal year 2025Operating cash flow0.67Capital expenditure−0.01Free cash flow0.65 −43.2%Buybacks−0.04Dividends paid−0.06
FY2022FY2023FY2024FY2025
Operating cash flow 0.23 0.74 1.16 0.67
Capital expenditure −0.00 −0.01 −0.01 −0.01
Free cash flow 0.22 0.73 1.15 0.65
Growth +227.0% +58.7% −43.2%
Buybacks −0.01 −0.00 −0.02 −0.04
Dividends paid −0.01 −0.06 −0.08 −0.06

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash0.91Total debt0.14Net cash (debt)0.77Shareholders’ equity0.68Debt to equity0.20Fiscal year 2023Cash1.48Total debt0.00Net cash (debt)1.48Shareholders’ equity0.78Debt to equity0.00Fiscal year 2024Cash2.56Total debt0.00Net cash (debt)2.56Shareholders’ equity0.88Debt to equity0.00Fiscal year 2025Cash2.88Total debt0.00Net cash (debt)2.88Shareholders’ equity1.17Debt to equity0.00
FY2022FY2023FY2024FY2025
Cash 0.91 1.48 2.56 2.88
Total debt 0.14 0.00 0.00 0.00
Net cash (debt) 0.77 1.48 2.56 2.88
Shareholders’ equity 0.68 0.78 0.88 1.17
Debt to equity 0.20 0.00 0.00 0.00

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
17.1% 15.8% 18.5% 20.3%
12.9% 10.3% 12.8% 14.5%
31.2% 58.3% 72.2% 32.3%
Spending
0.5% 0.7% 0.7% 0.6%
19.2% 28.1% 26.3% 25.2%
Returns
13.5% 16.5% 23.3% 25.2%
0.6% 0.7% 0.8% 0.8%
Balance and payout
0.20 0.00 0.00 0.00
95.7% 95.6% 96.0% 96.4%
7.2% 45.5% 37.7% 18.9%
6.5% 8.5% 8.4% 15.2%