MRX (Marex Group plc Ordinary Shares) Stock Financials & Earnings | Market Cap Arena

MRX (Marex Group plc Ordinary Shares) Stock Financials & Earnings | Market Cap Arena

MRXMarex Group plc Ordinary Shares

Mkt Cap$3B

Financial Services·Financial - Capital Markets·🇬🇧 United Kingdom·NASDAQ

Revenue (TTM)$6.5B

Net Income (TTM)$526M

EPS (TTM)$6.59

Free Cash Flow (TTM)$2.4B

Gross Margin61.3%

Op. Margin30.5%

Net Margin8.1%

FCF Margin37.2%

P/S Ratio (TTM)0.4x

P/E Ratio (TTM)5.0x

YoY Rev Growth+125.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q2 20	$379M	$379M	$18M
Q4 20	$379M	$379M	$18M
Q2 21	$413M	$413M	$34M
Q4 21	$413M	$413M	$34M
Q2 22	$665M	$665M	$40M
Q4 22	$345M	$345M	$63M
Q2 23	$1.2B	$1.2B	$9M
Q4 23	$721M	$721M	-$117M
Q2 24	$740M	$291M	$391M
Q4 24	$2.2B	$996M	$437M
Q2 25	$500M	$194M	$101M
Q4 25	$3.1B	$2.5B	$1.1B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q4 20	2.0x	32.9x
Q2 21	1.8x	29.2x
Q4 21	1.7x	26.3x
Q2 22	1.4x	22.8x
Q4 22	1.4x	17.8x
Q2 23	1.0x	12.5x
Q4 23	0.9x	11.3x
Q2 24	0.9x	8.8x
Q4 24	0.6x	7.3x
Q2 25	0.6x	7.6x
Q4 25	0.4x	5.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	-$12M	-$13M
Q2 20	-$23M	-$25M
Q4 20	-$23M	-$25M
Q2 21	$235M	$232M
Q4 21	$235M	$232M
Q2 22	$113M	$108M
Q4 22	$113M	$108M
Q2 23	$368M	$361M
Q4 23	$368M	$361M
Q2 24	$453M	$443M
Q4 24	$711M	$705M
Q2 25	$928M	$919M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 19	$1M
Q2 20	$2M
Q4 20	$2M
Q2 21	$4M
Q4 21	$4M
Q2 22	$5M
Q4 22	$5M
Q2 23	$6M
Q4 23	$6M
Q2 24	$9M
Q4 24	$6M
Q2 25	$9M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+50.3%	+40.9%
Q4 21	+50.3%	+40.9%
Q2 22	+75.6%	+73.3%
Q4 22	-8.8%	-21.6%
Q2 23	+181.4%	+204.5%
Q4 23	+74.7%	+121.3%
Q2 24	+11.3%	-44.2%
Q4 24	+524.0%	+507.6%
Q2 25	-56.9%	-65.3%
Q4 25	+334.3%	+147.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$600K	0.1%
Q4 21	$600K	0.1%
Q2 22	$8M	1.3%
Q4 22	$8M	2.4%
Q2 23	$10M	0.9%
Q4 23	$10M	1.4%
Q2 24	$0	0.0%
Q4 24	-$10M	-0.5%
Q2 25	$17M	3.3%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 20	$382K	$138M
Q4 20	$382K	$138M
Q2 21	—	$185M
Q4 21	—	$185M
Q4 22	—	$459M
Q4 23	—	$799M
Q4 24	—	$486M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 19	$218M	$0	$218M
Q2 20	$255M	$0	$255M
Q4 20	$292M	$0	$292M
Q2 21	$502M	$0	$502M
Q4 21	$712M	$46M	$758M
Q4 22	$910M	$2.3B	$3.2B
Q2 23	$1.7B	$0	$1.7B
Q4 23	$1.5B	$3.2B	$4.7B
Q2 24	$1.9B	$2.5B	$4.4B
Q4 24	$2.6B	$2.7B	$5.2B
Q2 25	$6.9B	$0	$6.9B
Q4 25	$6.4B	$7.1B	$13.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q2 20	61M	+0.0%
Q4 20	61M	+0.0%
Q2 21	71M	+16.8%
Q4 21	71M	+0.0%
Q2 22	61M	-14.4%
Q4 22	61M	+0.0%
Q2 23	71M	+16.8%
Q4 23	71M	+0.0%
Q2 24	72M	+2.0%
Q4 24	78M	+8.3%
Q2 25	72M	-8.3%
Q4 25	76M	+6.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$1M	2K
FY 25	$2M	2K