Marex Group (MRX) financial statements
Marex Group reported revenue of $2.0B in fiscal 2025, up 41.7% a year over 3 years.
Net income was $294M.
Free cash flow was $648M, and the company returned $56M in dividends and $44M in net buybacks.
The diluted share count rose 13% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Marex Group's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $711M | $1.2B | $1.6B | $2.0B |
| Interest expense | $165M | $470M | $538M | $760M |
| Pre-tax income | $122M | $196M | $296M | $412M |
| Income tax | $23M | $55M | $78M | $104M |
| Net income | $92M | $128M | $205M | $294M |
| EPS (diluted) | $1.36 | $1.82 | $2.72 | $3.86 |
| Diluted shares | 68M | 70M | 75M | 76M |
| Net margin | 12.9% | 10.3% | 12.8% | 14.5% |
Balance sheet
Fiscal years, from Marex Group's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $910M | $1.5B | $2.6B | $2.9B |
| Receivables | $4.7B | $4.8B | $7.6B | $11.0B |
| Total current assets | $15.4B | $16.9B | $23.8B | $33.7B |
| Property, plant and equipment | $12M | $17M | $21M | $34M |
| Goodwill | $156M | $164M | $176M | $237M |
| Total assets | $15.7B | $17.6B | $24.3B | $34.7B |
| Total current liabilities | $14.6B | $15.9B | $21.8B | $31.0B |
| Long-term debt | $136M | $0 | $0 | $0 |
| Total liabilities | $15.1B | $16.8B | $23.3B | $33.4B |
| Shareholders' equity | $678M | $776M | $879M | $1.2B |
| Net debt | -$761M | -$1.5B | -$2.4B | -$2.7B |
Cash flow
Fiscal years, from Marex Group's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $226M | $735M | $1.2B | $668M |
| Capital spending | $9M | $12M | $20M | $20M |
| Free cash flow | $216M | $723M | $1.1B | $648M |
| Dividends paid | $7M | $58M | $77M | $56M |
| Share buybacks (net) | -$8M | -$3M | -$20M | -$44M |
| Net borrowing | — | -$149M | $152M | $28M |
| Free cash flow margin | 30.4% | 58.1% | 71.7% | 32.0% |
| Dividends per share | $0.10 | $0.83 | $1.02 | $0.73 |
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Open MRX in InvestinglyQuestions
What was Marex Group's revenue in 2025?
$2.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Marex Group generate?
$648M in fiscal 2025 (operating cash flow minus capital spending).
From Marex Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.