MRX - Marex Group Limited
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$81.83
DETAILS
HIGH:
$90.00
LOW:
$75.00
MEDIAN:
$80.00
CONSENSUS:
$81.83
UPSIDE:
4.55%
| Metric | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 3,129.7 | 500.1 | 2,154.8 | 740 | 720.7 | 1,161.4 | 345.3 | 665 | 412.6 | 412.6 | 378.8 | 378.8 | 274.6 | 274.6 |
| Cost of Revenue | 611.8 | 305.9 | 1,158.7 | 448.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 2,517.9 | 194.2 | 996.1 | 291.1 | 720.7 | 1,161.4 | 345.3 | 665 | 412.6 | 412.6 | 378.8 | 378.8 | 274.6 | 274.6 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.4 | 0.3 | 0.3 |
| SG&A Expenses | 0 | 0 | 485.7 | 0 | 798.8 | 0 | 458.7 | 0 | 185.2 | 185.2 | 138.4 | 138.4 | 106.0 | 106.0 |
| Other Expenses | 1,457.9 | 93.4 | (325.9) | 291.1 | 38.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,457.9 | 93.4 | 159.8 | 291.1 | 837.4 | 1,148.6 | 263.7 | 625 | 377.7 | 377.7 | 361.5 | 361.5 | 270.6 | 270.6 |
| Operating Income | ||||||||||||||
| Operating Income | 1,060 | 100.8 | 437.1 | 391.2 | (116.7) | 9.3 | 62.6 | 40 | 34.3 | 34.3 | 18.2 | 18.2 | 6.1 | 6.1 |
| Interest Expense | 760.2 | 0 | 413.1 | 125 | 202.4 | 267.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 912.8 | 0 | 0 | 0 | 0 | 0 | 15.4 | (15.4) | 0 | 0 | 10.2 | 10.2 | 19.3 | 19.3 |
| Profitability | ||||||||||||||
| EBITDA | 1,098.5 | 109.4 | 450.5 | 406.6 | 10.9 | 440.1 | 6.9 | 293.5 | 53.3 | 53.3 | 4.3 | 4.3 | 3.8 | 3.8 |
| EBIT | 1,071 | 100.8 | 437.1 | 391.2 | 0 | 429.2 | 0 | 286.6 | 48.1 | 48.1 | 0 | 0 | 0 | 0 |
| Income Before Tax | 308 | 103.6 | 156.8 | 139 | 76.3 | 120.2 | 66.2 | 55.4 | 34.8 | 34.8 | 27.5 | 27.5 | 23.3 | 23.3 |
| Income Tax Expense | 76.8 | 26.9 | 41.7 | 36.1 | 25.8 | 29.4 | 11.8 | 11.6 | 6.7 | 6.7 | 5.6 | 5.6 | 5.1 | 5.1 |
| Net Income | 231.5 | 76.7 | 115.1 | 102.9 | 50.5 | 90.8 | 54.4 | 37.2 | 28.2 | 28.2 | 21.9 | 21.9 | 18.2 | 18.2 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 0.97 | 2.01 | 1.54 | 1.33 | 0.72 | 1.28 | 0.90 | 0.39 | 0.40 | 0.40 | 0.36 | 0.36 | 0.30 | 0.30 |
| EPS (Diluted) | 0.92 | 1.91 | 1.39 | 1.33 | 0.72 | 1.28 | 0.90 | 0.39 | 0.40 | 0.40 | 0.36 | 0.36 | 0.30 | 0.30 |
| Shares Outstanding | 71.4 | 71.5 | 70.3 | 72.2 | 70.8 | 70.8 | 60.6 | 60.6 | 70.8 | 70.8 | 60.6 | 60.6 | 60.6 | 60.6 |
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 3,851 | 6,378 | 6,908.7 | 2,556.6 | 1,914.2 | 1,483.5 | 1,652.3 | 910.1 | 712 | 501.8 | 291.5 | 254.5 | 217.5 |
| Short-Term Investments | 0 | 7,078.6 | 0 | 2,657 | 2,532.6 | 3,249.5 | 0 | 2,311.1 | 46.3 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 11,071 | 13,557.1 | 9,549.4 | 6,130.2 | 7,710.1 | 0 | 9,036.7 | 2,173.4 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 35.8 | 123 | 163.4 | 0 | 35.8 | 80.1 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 1,471.7 | 8,523 | 5,575.3 | 4,049.9 | 0 | 2,692.1 | 1,113 | 0 | 0 | 0 | 0 |
| Total Current Assets | 0 | 24,527.6 | 21,937.5 | 23,828.5 | 16,665.2 | 16,936 | 1,652.3 | 15,354.2 | 4,124.8 | 501.8 | 291.5 | 254.5 | 217.5 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 115.7 | 110.9 | 88 | 80.7 | 79 | 57.2 | 60.3 | 45.5 | 20.9 | 22.6 | 20.4 | 24.1 | 27.7 |
| Goodwill | 261.8 | 237.2 | 215.1 | 176.5 | 167.4 | 163.6 | 171.1 | 155.5 | 208.9 | 203.7 | 198.4 | 188.8 | 179.2 |
| Intangible Assets | 92.5 | 98 | 66.9 | 56.5 | 53.7 | 56 | 21.2 | 25.6 | 21.5 | 15.9 | 14.3 | 11.1 | 7.8 |
| Long-Term Investments | 0 | 5,888.9 | 8,533.5 | 77.5 | 17.5 | 77 | 0 | 22 | 84.8 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 41,656.1 | 3,781.7 | 435.3 | 46.1 | 185.9 | 300.4 | 14,399.5 | 133.5 | 799.7 | 3,771.7 | 3,242.1 | 2,695.0 | 2,147.8 |
| Total Non-Current Assets | 42,126.1 | 10,147.5 | 9,250.8 | 484 | 524.2 | 675.6 | 14,652.1 | 389.7 | 1,139.8 | 4,013.9 | 3,475.3 | 2,918.9 | 2,362.5 |
| Total Assets | 42,126.1 | 34,675.1 | 31,188.3 | 24,312.5 | 17,189.4 | 17,611.6 | 16,304.4 | 15,743.9 | 5,264.6 | 4,515.7 | 3,766.8 | 3,173.4 | 2,580.0 |
| Current Liabilities | |||||||||||||
| Account Payables | 0 | 11,781.7 | 13,372.6 | 7,741 | 6,523.3 | 4,915.2 | 0 | 6,647.6 | 3,291.2 | 1,645.6 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 7,810.4 | 3,290.7 | 4,577.4 | 3,319.3 | 4,427.3 | 0 | 5,218 | 1,130.5 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 2.4 | 3.7 | 0.5 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | (12,964.9) | (498.5) | 7,409 | 4,797 | 4,650.7 | (331.8) | 2,420.1 | 200.3 | (1,649.7) | 0 | 0 | 84.2 |
| Total Current Liabilities | 0 | 7,753.1 | 16,663.3 | 21,779.2 | 15,267.3 | 15,884.7 | 331.8 | 14,561.9 | 4,630.1 | 61.2 | 122.4 | 103.3 | 84.2 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 2,821 | 2,327.3 | 5,257.8 | 1,484.9 | 971.4 | 907.9 | 1,112.4 | 472.1 | 136.6 | 191.7 | 246.8 | 129.9 | 12.9 |
| Deferred Tax Liabilities | 0 | 14 | 0 | 4.5 | 3 | 3.7 | 0 | 0.1 | 3.2 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 37,436.3 | 23,229.7 | 8,156 | 0 | 0 | 0 | 14,125 | 0 | 0 | 1,477.0 | 2,953.9 | 2,509.5 | 2,065.1 |
| Total Non-Current Liabilities | 40,257.3 | 25,658.4 | 13,413.8 | 1,556.4 | 1,039.8 | 951 | 15,237.4 | 504.3 | 156.8 | 1,668.6 | 3,200.7 | 2,639.4 | 2,078.1 |
| Total Liabilities | 40,257.3 | 33,411.5 | 30,077.1 | 23,335.6 | 16,307.1 | 16,835.7 | 15,569.2 | 15,066.2 | 4,786.9 | 1,729.8 | 3,323.0 | 2,742.6 | 2,162.2 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 1,203 | 982 | 828.2 | 722.4 | 611.2 | 555.3 | 522.4 | 455.3 | 346.6 | 239.6 | 132.6 | 119.8 | 107.0 |
| Accumulated Other Comprehensive Income | 497.8 | 15.4 | 115.2 | (22.6) | (6) | (1.6) | (7.1) | (1.7) | (3.3) | 86.7 | 176.8 | 176.6 | 176.4 |
| Total Stockholders' Equity | 1,870.8 | 1,263.8 | 1,111.2 | 976.9 | 882.3 | 775.9 | 735.2 | 677.7 | 477.7 | 460.7 | 443.8 | 430.8 | 417.8 |
| Total Liabilities & Equity | 42,126.1 | 34,675.1 | 31,188.3 | 24,312.5 | 17,189.4 | 17,611.6 | 16,304.4 | 15,743.9 | 5,264.6 | 2,190.6 | 3,766.8 | 3,173.4 | 2,580.0 |
| Debt Metrics | |||||||||||||
| Total Debt | 2,821 | 10,235 | 8,548.5 | 6,139.8 | 4,369.1 | 5,387.8 | 1,112.4 | 5,729 | 1,290.1 | 191.7 | 246.8 | 129.9 | 12.9 |
| Net Debt | (1,030) | 3,857 | 1,639.8 | 3,583.2 | 2,454.9 | 3,904.3 | (539.9) | 4,818.9 | 578.1 | (310.1) | (44.8) | (124.7) | (204.6) |
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | 267.7 | 158.2 | 149.2 | 115.1 | 102.9 | 70.7 | 70.7 | 49.1 | 49.1 | 28.2 | 28.2 | 21.9 | 21.9 | 18.2 | 18.2 |
| Depreciation & Amortization | 0 | 19.6 | 16.5 | 13.4 | 15.4 | 10.9 | 10.9 | 6.9 | 6.9 | 5.2 | 5.2 | 4.3 | 4.3 | 3.8 | 3.8 |
| Stock-Based Compensation | 0 | (16.5) | 16.5 | (9.7) | 9.7 | 10.2 | 10.2 | 8.3 | 8.3 | 0.6 | 0.6 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 4,582.7 | 2,208.9 | (1,837.7) | 736.5 | 303.9 | 304.5 | 304.5 | (11) | (11) | 91.8 | 91.8 | (308.3) | (308.3) | 150.3 | 150.3 |
| Other Non-Cash Items | (4,149) | (2,630.4) | 2,583.2 | (130.9) | 30.3 | (28.8) | (28.8) | (1,511.1) | (1,511.1) | 940.8 | 940.8 | 259.3 | 259.3 | (183.8) | (183.8) |
| Operating Cash Flow | 701.4 | (260.2) | 927.7 | 711 | 452.5 | 367.5 | 367.5 | 112.8 | 112.8 | 235.4 | 235.4 | (22.9) | (22.9) | (11.6) | (11.6) |
| Investing Activities | |||||||||||||||
| Capital Expenditure | (9.4) | (4.3) | (8.8) | (6.4) | (9.2) | (6.0) | (6.0) | (4.7) | (4.7) | (3.6) | (3.6) | (1.7) | (1.7) | (1.4) | (1.4) |
| Acquisitions | (97.8) | (184.9) | (56.7) | (9.5) | (1.5) | (45.1) | (45.1) | (18.4) | (18.4) | (6.2) | (6.2) | (9.4) | (9.4) | (55.1) | (55.1) |
| Purchases of Investments | 0 | (2.9) | 0 | (5.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0.7 | 0 | 3.2 | 3.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 64 | 2.6 | 0 | 0 | 0 | (2.4) | (2.4) | (2.9) | (2.9) | (1.8) | (1.8) | (4.5) | (4.5) | 3.4 | 3.4 |
| Investing Cash Flow | (43.2) | (196.2) | (68.1) | (24.6) | (10.7) | (48.8) | (48.8) | (23.1) | (23.1) | (9.9) | (9.9) | (15.5) | (15.5) | (53.1) | (53.1) |
| Financing Activities | |||||||||||||||
| Net Debt Issuance | (7) | 2.5 | (8.8) | 0 | (1.6) | (5.7) | (5.7) | 21.7 | 21.7 | (3.6) | (3.6) | 0 | 0 | 0 | 0 |
| Stock Repurchased | (125.6) | 0.2 | 0 | 0 | (19.8) | (1.6) | (1.6) | (4.0) | (4.0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (28.3) | (28.2) | (27.3) | (26.4) | (50.7) | (29.1) | (29.1) | (3.3) | (3.3) | (10) | (10) | (9.1) | (9.1) | 0 | 0 |
| Other Financing Activities | 495.3 | (18) | 0 | (7) | 0 | 0 | 0 | (1.2) | (1.2) | 0 | 0 | 84.5 | 84.5 | 93.0 | 93.0 |
| Financing Cash Flow | 334.4 | (43.5) | (80.4) | (33.4) | (3.8) | (36.4) | (36.4) | 13.2 | 13.2 | (13.6) | (13.6) | 75.4 | 75.4 | 93.0 | 93.0 |
| Cash Position | |||||||||||||||
| Net Change in Cash | 3,851 | 9,422.3 | (5,469.5) | 865.6 | 438 | 573.4 | 573.4 | 1,920.2 | 1,920.2 | 1,037 | 1,037 | 74.0 | 74.0 | 56.8 | 56.8 |
| Cash at Beginning | 0 | 3,375.3 | 5,469.5 | 4,603.9 | 4,165.9 | 910.1 | 910.1 | 1,328.5 | 1,328.5 | 291.5 | 291.5 | 217.5 | 217.5 | 160.7 | 160.7 |
| Cash at End | 3,851 | 12,797.6 | 3,375.3 | 5,469.5 | 4,603.9 | 1,483.5 | 1,483.5 | 3,248.7 | 3,248.7 | 1,328.5 | 1,328.5 | 291.5 | 291.5 | 217.5 | 217.5 |
| Free Cash Flow | 692 | (264.5) | 918.9 | 704.6 | 443.3 | 361.4 | 361.4 | 108.1 | 108.1 | 231.8 | 231.8 | (24.6) | (24.6) | (12.9) | (12.9) |
| Key Metrics | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 3,129.7 | 500.1 | 2,154.8 | 740 | 720.7 | 1,161.4 | 345.3 | 665 | 412.6 | 412.6 | 378.8 | 378.8 | 274.6 | 274.6 | |
| Gross Profit | 2,517.9 | 194.2 | 996.1 | 291.1 | 720.7 | 1,161.4 | 345.3 | 665 | 412.6 | 412.6 | 378.8 | 378.8 | 274.6 | 274.6 | |
| Operating Income | 1,060 | 100.8 | 437.1 | 391.2 | (116.7) | 9.3 | 62.6 | 40 | 34.3 | 34.3 | 18.2 | 18.2 | 6.1 | 6.1 | |
| Net Income | 231.5 | 76.7 | 115.1 | 102.9 | 50.5 | 90.8 | 54.4 | 37.2 | 28.2 | 28.2 | 21.9 | 21.9 | 18.2 | 18.2 | |
| EPS (Diluted) | 0.92 | 1.91 | 1.39 | 1.33 | 0.72 | 1.28 | 0.90 | 0.39 | 0.40 | 0.40 | 0.36 | 0.36 | 0.30 | 0.30 | |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 3,851 | 6,378 | 6,908.7 | 2,556.6 | 1,914.2 | 1,483.5 | 1,652.3 | 910.1 | 712 | 501.8 | 291.5 | 254.5 | 217.5 | ||
| Total Assets | 42,126.1 | 34,675.1 | 31,188.3 | 24,312.5 | 17,189.4 | 17,611.6 | 16,304.4 | 15,743.9 | 5,264.6 | 4,515.7 | 3,766.8 | 3,173.4 | 2,580.0 | ||
| Total Debt | 2,821 | 10,235 | 8,548.5 | 6,139.8 | 4,369.1 | 5,387.8 | 1,112.4 | 5,729 | 1,290.1 | 191.7 | 246.8 | 129.9 | 12.9 | ||
| Stockholders' Equity | 1,870.8 | 1,263.8 | 1,111.2 | 976.9 | 882.3 | 775.9 | 735.2 | 677.7 | 477.7 | 460.7 | 443.8 | 430.8 | 417.8 | ||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 701.4 | (260.2) | 927.7 | 711 | 452.5 | 367.5 | 367.5 | 112.8 | 112.8 | 235.4 | 235.4 | (22.9) | (22.9) | (11.6) | (11.6) |
| Capital Expenditure | (9.4) | (4.3) | (8.8) | (6.4) | (9.2) | (6.0) | (6.0) | (4.7) | (4.7) | (3.6) | (3.6) | (1.7) | (1.7) | (1.4) | (1.4) |
| Free Cash Flow | 692 | (264.5) | 918.9 | 704.6 | 443.3 | 361.4 | 361.4 | 108.1 | 108.1 | 231.8 | 231.8 | (24.6) | (24.6) | (12.9) | (12.9) |