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Marex Group plc Ordinary Shares (MRX) 10-Year Financial Performance & Capital Metrics

MRX • • Banking & Credit
Financial ServicesCapital MarketsCapital Markets InfrastructureElectronic Trading Platforms
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
  • Net Interest Income -$547M -15.0%
  • Total Revenue $2.89B +23.1%
  • Net Income $218M +70.3%
  • Return on Equity 24.87% +41.2%
  • Net Interest Margin -2.25% +16.7%
  • Efficiency Ratio 15.58% -54.1%
  • ROA 1.04% +35.5%
  • Equity / Assets 4.02% -8.8%
  • Book Value per Share 12.98 +20.8%
  • Tangible BV/Share 9.88 +28.3%
  • Debt/Equity 6.28 -9.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 43.1%
  • ✓Efficient operations: 15.6% efficiency ratio
  • ✓Good 3Y average ROE of 19.4%
  • ✓Healthy dividend yield of 2.6%
  • ✓Diversified revenue: 100.3% from non-interest income

✗Weaknesses

  • ✗High debt to equity ratio of 6.3x
  • ✗Weak NIM of -2.2%
  • ✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y39.44%
3Y50.35%
TTM-

Profit (Net Income) CAGR

10Y-
5Y43.05%
3Y56.84%
TTM71.15%

EPS CAGR

10Y-
5Y35.3%
3Y50.37%
TTM79.53%

ROCE

10Y Avg20.26%
5Y Avg24.22%
3Y Avg38.68%
Latest39.26%

Peer Comparison

Electronic Trading Platforms
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Valuation
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TWTradeweb Markets Inc.12.13B104.1144.4928.97%29.06%9.08%7.06%0.01
BGCBGC Group, Inc3.22B8.9535.8011.45%5.75%14.52%7.57%1.37
MKTXMarketAxess Holdings Inc.6.49B174.6623.998.58%33.56%15.79%5.78%0.05
DFINDonnelley Financial Solutions, Inc.1.46B55.1818.03-1.92%11.82%7.68%7.18%0.33
SNEXStoneX Group Inc.5.53B105.8917.9832.53%0.23%12.87%7.68
MRXMarex Group plc Ordinary Shares2.86B39.9414.6823.06%7.53%31.07%39.93%6.28
VIRTVirtu Financial, Inc.3.05B35.8812.0825.45%9.61%24.84%17.88%3.84
HGBLHeritage Global Inc.49.33M1.4210.14-25.08%11.42%4.64%15.42%0.04

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+38.63M20.46M-29.7M-169.1M-475.6M-546.8M
NII Growth %--0.47%-2.45%-4.69%-1.81%-0.15%
Net Interest Margin %------
Interest Income38.63M20.46M23.1M0-5.4M-8.7M
Interest Expense0026.4M165M470.2M538.1M
Loan Loss Provision00583.1M148M189.2M1.07B
Non-Interest Income+510.57M737.07M828.6M1.18B2.36B2.9B
Non-Interest Income %------
Total Revenue+549.19M757.53M851.7M1.18B2.35B2.89B
Revenue Growth %-0.38%0.12%0.38%1%0.23%
Non-Interest Expense541.19M700.95M144.8M223.1M798.8M450.9M
Efficiency Ratio------
Operating Income+12.23M56.58M68.6M270.5M683.5M836.3M
Operating Margin %------
Operating Income Growth %-3.63%0.21%2.94%1.53%0.22%
Pretax Income+46.63M54.98M69.9M121.6M196.5M295.8M
Pretax Margin %------
Income Tax+10.23M11.16M13.4M23.4M55.2M77.8M
Effective Tax Rate %------
Net Income+36.39M43.82M56.5M91.6M128M218M
Net Margin %------
Net Income Growth %-0.2%0.29%0.62%0.4%0.7%
Net Income (Continuing)36.39M43.82M56.5M98.5M141.3M218M
EPS (Diluted)+0.600.720.801.361.822.72
EPS Growth %-0.2%0.11%0.7%0.34%0.49%
EPS (Basic)0.600.720.801.291.942.96
Diluted Shares Outstanding60.63M60.63M70.82M70.82M72.22M75.28M

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K
Cash & Due from Banks217.5M291.55M712M910.1M1.48B2.56B
Short Term Investments001000K1000K1000K1000K
Total Investments+00131.1M2.33B3.33B2.73B
Investments Growth %---16.8%0.43%-0.18%
Long-Term Investments0084.8M22M77M77.5M
Accounts Receivables001000K1000K1000K1000K
Goodwill & Intangibles+------
Goodwill179.18M198.4M208.9M155.5M163.6M176.5M
Intangible Assets7.83M14.35M21.5M25.6M56M56.5M
PP&E (Net)27.71M20.39M20.9M45.5M57.2M80.7M
Other Assets2.15B3.24B799.7M133.5M300.4M46.1M
Total Current Assets217.5M291.55M4.12B15.35B16.94B23.83B
Total Non-Current Assets2.36B3.48B1.14B389.7M675.6M484M
Total Assets+2.58B3.77B5.26B15.74B17.61B24.31B
Asset Growth %-0.46%0.4%1.99%0.12%0.38%
Return on Assets (ROA)0.01%0.01%0.01%0.01%0.01%0.01%
Accounts Payable003.29B6.65B4.92B7.74B
Total Debt+12.95M246.76M1.29B5.73B5.39B6.14B
Net Debt-204.56M-44.79M578.1M4.82B3.9B3.58B
Long-Term Debt12.95M246.76M136.6M472.1M907.9M1.48B
Short-Term Debt001.13B5.22B4.43B4.58B
Other Liabilities2.07B2.95B0000
Total Current Liabilities84.16M122.37M4.63B14.56B15.88B21.78B
Total Non-Current Liabilities2.08B3.2B156.8M504.3M951M1.56B
Total Liabilities2.16B3.32B4.79B15.07B16.84B23.34B
Total Equity+417.75M443.79M477.7M677.7M775.9M976.9M
Equity Growth %-0.06%0.08%0.42%0.14%0.26%
Equity / Assets (Capital Ratio)------
Return on Equity (ROE)0.09%0.1%0.12%0.16%0.18%0.25%
Book Value per Share6.897.326.759.5710.7412.98
Tangible BV per Share------
Common Stock23K23K100K100K100K100K
Additional Paid-in Capital00134.3M231.9M231.9M300.2M
Retained Earnings107.01M132.64M346.6M455.3M555.3M722.4M
Accumulated OCI176.39M176.8M-3.3M-1.7M-1.6M-22.6M
Treasury Stock000-7.9M-9.8M-23.2M
Preferred Stock000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-23.14M-45.78M470.8M225.6M735M1.16B
Operating CF Growth %--0.98%11.28%-0.52%2.26%0.58%
Net Income36.39M43.82M56.5M98.2M141.3M295.8M
Depreciation & Amortization7.63M8.52M10.3M13.8M21.9M28.8M
Deferred Taxes000000
Other Non-Cash Items-367.69M518.55M219.3M118.9M-57.5M-231.1M
Working Capital Changes300.52M-616.67M183.5M-22M609M1.04B
Cash from Investing+-106.15M-31.05M-19.8M-46.3M-97.6M-35.3M
Purchase of Investments00000-5.1M
Sale/Maturity of Investments00001000K700K
Net Investment Activity------
Acquisitions-110.15M-18.72M-12.5M-36.9M-90.3M-11M
Other Investing6.75M-8.97M00-4.7M-8.2M
Cash from Financing+186.07M150.88M-27.2M26.5M-72.8M-37.2M
Dividends Paid0-18.2M-20M-6.6M-58.3M-77.1M
Share Repurchases000-7.9M-3.1M-19.8M
Stock Issued0000073.1M
Net Stock Activity------
Debt Issuance (Net)01000K-1000K1000K-1000K-1000K
Other Financing186.07M-6.2M0-2.4M00
Net Change in Cash+56.77M74.05M420.5M198.1M573.4M1.07B
Exchange Rate Effect00-1000K-1000K1000K-1000K
Cash at Beginning160.73M217.5M291.5M1.33B910.1M1.48B
Cash at End217.5M291.55M1.33B3.25B1.48B2.56B
Interest Paid000000
Income Taxes Paid000000
Free Cash Flow+-25.9M-49.14M463.5M216.2M722.9M1.14B
FCF Growth %--0.9%10.43%-0.53%2.34%0.58%

Banking Ratios

Metric201920202021202220232024
Return on Equity (ROE)8.71%10.17%12.26%15.86%17.61%24.87%
Return on Assets (ROA)1.41%1.38%1.25%0.87%0.77%1.04%
Net Interest Margin1.5%0.54%-0.56%-1.07%-2.7%-2.25%
Efficiency Ratio98.54%92.53%17%18.98%33.96%15.58%
Equity / Assets16.19%11.78%9.07%4.3%4.41%4.02%
Book Value / Share6.897.326.759.5710.7412.98
NII Growth--47.03%-245.16%-469.36%-181.25%-14.97%
Dividend Payout-41.52%35.4%7.21%45.55%35.37%

Revenue by Geography

2024
UNITED STATES581.7M
UNITED STATES Growth-
Rest Of The World302.2M
Rest Of The World Growth-

Frequently Asked Questions

Valuation & Price

Marex Group plc Ordinary Shares (MRX) has a price-to-earnings (P/E) ratio of 14.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Marex Group plc Ordinary Shares (MRX) grew revenue by 23.1% over the past year. This is strong growth.

Yes, Marex Group plc Ordinary Shares (MRX) is profitable, generating $345.2M in net income for fiscal year 2024 (7.5% net margin).

Dividend & Returns

Yes, Marex Group plc Ordinary Shares (MRX) pays a dividend with a yield of 2.56%. This makes it attractive for income-focused investors.

Marex Group plc Ordinary Shares (MRX) has a return on equity (ROE) of 24.9%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Marex Group plc Ordinary Shares (MRX) has a net interest margin (NIM) of -2.2%. NIM has been under pressure due to interest rate environment.

Marex Group plc Ordinary Shares (MRX) has an efficiency ratio of 15.6%. This is excellent, indicating strong cost control.

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