This page shows Marex Group Limited (MRX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
MRX runs on a huge, liability-funded balance sheet, while cash generation consistently exceeds reported accounting profit.
ROE reached26.4% while ROA stayed near0.9% ; that gap means shareholder returns are being amplified by a thin equity base, not by unusually rich returns on assets. That reading fits a balance sheet with$34.7B of assets and only$1.17B of equity, while operating cash flow exceeded net income in each of the last three years.
The balance sheet is funded far more by short-term liabilities than by long-term debt: FY2025 current liabilities were
This is a low-capex cash model: FY2025 capital spending was just
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Marex Group Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Marex Group Limited passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Marex Group Limited generates $2.17 in operating cash flow ($667.5M OCF vs $307.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Marex Group Limited generated $2.0B in revenue in fiscal year 2025. This represents an increase of 26.9% from the prior year.
Marex Group Limited reported $307.7M in net income in fiscal year 2025. This represents an increase of 41.1% from the prior year.
Cash & Balance Sheet
Marex Group Limited generated $654.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 43.2% from the prior year.
Marex Group Limited held $2.9B in cash against $87.4M in long-term debt as of fiscal year 2025.
Marex Group Limited had 73M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.
Margins & Returns
Marex Group Limited's net profit margin was 15.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.
Marex Group Limited's ROE was 26.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.1 percentage points from the prior year.
Capital Allocation
Marex Group Limited spent $44.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 122.7% from the prior year.
Marex Group Limited invested $13.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.0% from the prior year.
MRX Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
MRX Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Total Assets | $34.7B+42.6% | $24.3B+38.0% | $17.6B+11.9% | $15.7B |
| Current Assets | $33.7B+41.4% | $23.8B+40.7% | $16.9B+10.3% | $15.4B |
| Cash & Equivalents | $2.9B+12.7% | $2.6B+72.3% | $1.5B+63.0% | $910.1M |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $11.0B+45.5% | $7.6B+57.7% | $4.8B+2.2% | $4.7B |
| Goodwill | $237.4M+34.5% | $176.5M+7.9% | $163.6M+5.2% | $155.5M |
| Total Liabilities | $33.4B+43.2% | $23.3B+38.6% | $16.8B+11.7% | $15.1B |
| Current Liabilities | $31.0B+42.2% | $21.8B+37.1% | $15.9B+9.1% | $14.6B |
| Long-Term Debt | $87.4M+30.4% | $67.0M+70.1% | $39.4M+22.7% | $32.1M |
| Total Equity | $1.2B+19.4% | $976.9M+25.9% | $775.9M+14.5% | $677.7M |
| Retained Earnings | $982.0M+35.9% | $722.4M+30.1% | $555.3M+22.0% | $455.3M |
MRX Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
MRX Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 1.090.0 | 1.09+0.0 | 1.07+0.0 | 1.05 |
| Debt-to-Equity | 0.070.0 | 0.07+0.0 | 0.050.0 | 0.05 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Marex Group Limited's annual revenue?
Marex Group Limited (MRX) reported $2.0B in total revenue for fiscal year 2025. This represents a 26.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Marex Group Limited's revenue growing?
Marex Group Limited (MRX) revenue grew by 26.9% year-over-year, from $1.6B to $2.0B in fiscal year 2025.
Is Marex Group Limited profitable?
Yes, Marex Group Limited (MRX) reported a net income of $307.7M in fiscal year 2025, with a net profit margin of 15.2%.
How much debt does Marex Group Limited have?
As of fiscal year 2025, Marex Group Limited (MRX) had $2.9B in cash and equivalents against $87.4M in long-term debt.
What is Marex Group Limited's net profit margin?
Marex Group Limited (MRX) had a net profit margin of 15.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Marex Group Limited's return on equity (ROE)?
Marex Group Limited (MRX) has a return on equity of 26.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Marex Group Limited's free cash flow?
Marex Group Limited (MRX) generated $654.4M in free cash flow during fiscal year 2025. This represents a -43.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Marex Group Limited's operating cash flow?
Marex Group Limited (MRX) generated $667.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Marex Group Limited's total assets?
Marex Group Limited (MRX) had $34.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Marex Group Limited's capital expenditures?
Marex Group Limited (MRX) invested $13.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Marex Group Limited's current ratio?
Marex Group Limited (MRX) had a current ratio of 1.09 as of fiscal year 2025, which is considered adequate.
What is Marex Group Limited's debt-to-equity ratio?
Marex Group Limited (MRX) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Marex Group Limited's return on assets (ROA)?
Marex Group Limited (MRX) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Marex Group Limited's Piotroski F-Score?
Marex Group Limited (MRX) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Marex Group Limited's earnings high quality?
Marex Group Limited (MRX) has an earnings quality ratio of 2.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Marex Group Limited?
Marex Group Limited (MRX) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.