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Marex Group plc Ordinary Shares

Company price
66.18 USD 1.22 ( 1.88%)
Last update at 2026-11-06T21:27:00Z
VOLUME
936324
Market Cap
4615.09M
P/E
14.34

Momentum Score

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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.

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Day Price Range
65.32
Low
69.50
High
52 Week Price Range
27.53
Low
79.11
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Marex Group plc is a global commodities broker and financial markets intermediary offering execution, clearing, prime services and market data to institutional clients. Long-term growth drivers include rising electronic trading and clearing volumes, cross-selling of financing and prime services, and expansion of its international client base. Investors may find appeal in recurring, margin-based revenue and scale in post-trade risk-management capabilities.

Material risks include revenue sensitivity to trading volumes and commodity cycles, counterparty and margin credit exposure, regulatory and capital requirements across jurisdictions, and execution or technology failures.

Risk Score
Low

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
64.96
Dividend Yield
1.06%
Revenue TTM
3488.60M
Revenue Per Share
48.57
Gross Profit TTM
2444.80M
Debt / Equity
8.10
ROE
26.24%
Net Debt
3857.00M
ROCE
4.35%
Diluted EPS TTM
4.77

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 411.60M 295.80M 196.50M 121.60M 69.90M
Minority interest -0.50M -13.30M -13.30M -6.60M 0.00M
Net income 308.20M 218.00M 128.00M 91.60M 56.50M
Selling general administrative 288.80M 247.10M 182.10M 120.10M 82.50M
Selling and marketing expenses - 722.30M 616.70M - -
Gross profit 2712.10M 1287.20M 1692.90M 862.30M 825.30M
Reconciled depreciation 36.10M 28.80M 21.90M 13.80M 10.30M
Ebit 1171.80M 837.00M 683.50M 270.50M 96.30M
Ebitda 1207.90M 865.80M 705.40M 284.30M 106.60M
Depreciation and amortization 36.10M 28.80M 21.90M 13.80M 10.30M
Operating income 1160.80M 836.30M 683.50M 270.50M 68.60M
Other operating expenses 2469.00M 2058.50M 1674.00M 904.80M 755.40M
Interest expense 760.20M 538.10M 470.20M 165.00M 26.40M
Tax provision 103.70M 77.80M 55.20M 23.40M 13.40M
Interest income - - 591.80M 194.40M 23.10M
Net interest income -770.50M -546.80M -475.60M -169.10M -29.70M
Income tax expense 103.70M 77.80M 55.20M 23.40M 13.40M
Total revenue 3629.80M 2894.80M 2352.30M 1175.30M 851.70M
Total operating expenses 1551.30M 450.90M 798.80M 223.10M 144.80M
Cost of revenue 917.70M 1607.60M 659.40M 313.00M 609.50M
Total other income expense net -749.20M -540.50M -487.00M -148.90M 1.30M
Net income from continuing ops 307.90M 218.00M 141.30M 98.20M 56.50M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 34675.10M 24312.50M 17611.60M 15743.90M 5264.60M
Intangible assets 98.00M 56.50M 56.00M 25.60M 21.50M
Other current assets - 9029.70M 4329.50M 3060.50M 1113.00M
Total liab 33411.50M 23335.60M 16835.70M 15066.20M 4786.90M
Total stockholder equity 1263.80M 976.90M 775.90M 677.70M 477.70M
Other current liab -11848.90M 9396.10M 6510.50M 2679.60M 200.30M
Common stock 0.10M 0.10M 0.10M 0.10M 0.10M
Capital stock 0.10M 0.10M 0.10M 0.10M 0.10M
Retained earnings 982.00M 722.40M 555.30M 455.30M 346.60M
Good will 237.40M 176.50M 163.60M 155.50M 208.90M
Other assets - -21271.90M - - -
Cash 6378.00M 2556.60M 1483.50M 910.10M 712.00M
Total current liabilities 7753.10M 21779.20M 15884.70M 14561.90M 4630.10M
Current deferred revenue - 2.40M 0.50M 1.00M -
Net debt 3857.00M 3583.20M 3904.30M 4818.90M 578.10M
Short term debt 7820.30M 4587.90M 4440.50M 5224.80M 1136.50M
Short long term debt 7810.40M 4577.40M 3118.90M 4394.30M 140.40M
Short long term debt total 10235.00M 6139.80M 5387.80M 5729.00M 1290.10M
Other stockholder equity 168.70M 277.00M 222.10M 224.00M 134.30M
Total current assets 24527.60M 23828.50M 16936.00M 15354.20M 4124.80M
Long term investments 111.60M 77.50M 77.00M 22.00M 84.80M
Short term investments 7078.60M 2657.00M 3249.50M 2311.10M 46.30M
Net receivables 11071.00M 9549.40M 7710.10M 9036.70M 2173.40M
Long term debt 2327.30M 1484.90M 907.90M 135.80M 136.60M
Inventory 483.70M 35.80M 163.40M 35.80M 80.10M
Accounts payable 11781.70M 7741.00M 4915.20M 6647.60M 3291.20M
Accumulated other comprehensive income 15.40M -22.60M -1.60M -1.70M -3.30M
Non currrent assets other 3781.70M 46.10M 300.40M 133.50M 799.70M
Non current assets total 10147.50M 484.00M 675.60M 389.70M 1139.80M
Capital lease obligations 97.30M 77.50M 52.60M 38.90M 23.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -2.90M -35.30M -97.60M -46.30M -19.80M
Total cashflows from investing activities -264.30M -35.30M -97.60M -46.30M -19.80M
Net borrowings -24.30M -8.60M -11.40M -56.60M -7.20M
Total cash from financing activities -123.90M -37.20M -72.80M 26.50M -27.20M
Net income 307.40M 295.80M 141.30M 98.20M 56.50M
Change in cash 7328.10M 1073.10M 573.40M 198.10M 420.50M
Begin period cash flow 5469.50M 1483.50M 910.10M 1328.50M 291.50M
End period cash flow 12797.60M 2556.60M 1483.50M 3248.70M 1328.50M
Total cash from operating activities 667.50M 1163.50M 735.00M 225.60M 470.80M
Issuance of capital stock 0.00M 73.10M 0.00M 0.00M -
Depreciation 36.10M 28.80M 21.90M 13.80M 10.30M
Other cashflows from investing activities - -8.20M -4.70M -5.80M -3.50M
Dividends paid 55.50M 77.10M 58.30M 6.60M 20.00M
Change to inventory -422.00M 127.60M -127.60M 44.30M -71.40M
Change to account receivables -2570.20M -2757.90M 777.60M 3141.10M -1569.00M
Sale purchase of stock -44.10M -19.80M -3.10M -7.90M 0.00M
Other cashflows from financing activities -18.00M -4.80M -97.60M -2.40M -19.80M
Capital expenditures 13.10M 19.90M 12.10M 9.40M 7.30M
Change in working capital 371.20M 1040.40M 609.00M -22.00M 183.50M
Stock based compensation 43.50M 29.60M 20.30M 16.70M 1.20M
Other non cash items -90.70M -231.10M -57.50M 118.90M 219.30M
Free cash flow 654.40M 1143.60M 722.90M 216.20M 463.50M

Peer Comparison*

Sector: Financial Services Industry: Capital Markets

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MRX
Marex Group plc Ordinary Shares
1.22
1.88%
66.18 14.34 8.76 1.23 2.72 1.86 5.56
GS
Goldman Sachs Group Inc
-3.13
0.36%
865.82 17.21 16.00 4.47 2.26 11.15 -
SCHW
Charles Schwab Corp
-1.09
1.18%
91.49 19.53 13.89 7.16 4.22 8.80 -
MS
Morgan Stanley
-1.00
0.55%
181.44 16.50 13.76 2.80 1.65 - -
IBKR
Interactive Brokers Group Inc
-
-%
75.82 35.95 27.93 22.14 6.96 3.01 3.37

Profile*

Marex Group plc Ordinary Shares

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.

155 Bishopsgate, London, United Kingdom, EC2M 3TQ

44 20 7655 6000

3347

Name Title Year Born
Mr. Ian Theo Lowitt Group Chief Executive Officer 1964
Mr. Crispin Robert John Irvin Chief Financial Officer 1978
Mr. Simon James Van Den Born President 1967
Mr. Michael Dugan Chief Technology Officer NA
Mr. Adam Strachan Head of Investor Relations NA
Mr. Nick Jones Head of Legal NA
Ms. Ann Marie Bull Group Head of Compliance NA
Ms. Anna Philbrick Group Head of HR NA
Mr. Matthew France Head of Institutional Sales, Metals for Asia NA
Mr. Harvey Moses Head of Business Development NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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