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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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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
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.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 |
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 |
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.
| 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 |
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