Company Analysis

Marex Group Limited (MRX)

Nasdaq: MRX · Security & Commodity Brokers, Dealers, Exchanges & Services · London · filing with the SEC since 2023
Grade5.9
◀ Past 6.4● Present 6.0▶ Future 5.5
1 est.

The grade of Marex Group Limited

Nine metrics read from its own filings, by tense
Headline grade
5.9/10
◀ Past6.425% of the headline
● Present6.035% of the headline
▶ Future5.540% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.4/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.2/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 22% of this tense · 62nd percentile among 13 sector filers · read for itself

From the record

Marex Group Limited's filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.6/10

What has it actually done, year after year?

+41.7% a year over 4 filed years; profitable in 4 of 4.

weight 45% of this tense · 86th percentile among 13 sector filers · read for its customers

From the record

Marex Group Limited's 4 filed years say what it did: revenue went from $711 million in fiscal 2022 to $2.0 billion in fiscal 2025, up 41.7% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 4 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span41.7%top 4% of its family
  • the share of years revenue rosetop 12% of its family
  • the share of filed years with a profittop 31% of its family
  • the deepest fall from a revenue peak0.0%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.7/10

How has it treated the people who own it?

Share count grew 4.1% a year. 10% of cash flow returned. Insiders: 48 sales, 0 purchases.

weight 33% of this tense · 37th percentile among 9 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Marex Group Limited's diluted share count grew about 4.1% a year, and dividends and buybacks returned about 10% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 48 sales (46 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 35% of its family
  • cash returned against operating cash flowbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.7/10

Is it financially healthy right now?

ROE 26%: 26¢ of profit per shareholder dollar. Leverage 97%: owes 97¢ per asset dollar.

weight 33% of this tense · 47th percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Marex Group Limited earned about 26 cents of profit for every dollar of shareholders' money. Leverage: it owed about 97 cents per dollar of assets, and net share issuance: its share count grew 1.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 4% of its family
  • return on equitytop 4% of its family
  • the share count against the year beforebottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.8/10

How strong is its position in its industry?

top 32% of 13 in its family; net margin 15.2%.

weight 45% of this tense · 68th percentile among 13 sector filers · read for its customers

From the record

Marex Group Limited's standing among 13 graded names in its industry family: revenue of $2.0 billion in fiscal 2025 ranks in the bottom 42% by size; a net margin of 15.2% ranks in the top 35%; revenue growth of 41.7% a year over the last 3 filed years ranks in the top 4% (its annual reports).

What it rests on

  • revenue against the family$2.02Bbottom 42% of its family
  • net margin15.2%top 35% of its family
  • three-year revenue growth41.7%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.3/10

What are the people in charge doing?

SI estimate 6.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Marex Group Limited's leadership is put at 6.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.5/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.2/10

How much room does it have to grow?

top 38% of 13 in its family for room to expand.

weight 33% of this tense · 62nd percentile among 13 sector filers · read for itself

From the record

Marex Group Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $2.9 billion against debt of $200 million leaves 7.7% of its assets as net cash, top 42% of its family; cash from operations less capital spending is 32.3% of revenue (top 35%) (its annual report).

What it rests on

  • cash less debt against assets7.7%top 42% of its family
  • cash from operations less capital spending against revenue32.3%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.4/10

What could actually drive growth from here?

top 46% of 13 in its family for growth drivers.

weight 45% of this tense · 54th percentile among 13 sector filers · read for its customers

From the record

Marex Group Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 41.7% a year over the last three filed years against 41.7% over all 4, speeding up (bottom 38% of its family); the newest year grew 26.9% (top 50%); capital spending grew 53.8% a year (top 27%) (its annual reports). Marex Group Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yearbottom 38% of its family
  • the newest year's revenue growth26.9%top 50% of its family
  • three-year growth of capital spending53.8%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.7/10

Did its newest year beat what its own record pointed to?

bottom 47% of 13 in its family for expectations against reality.

weight 22% of this tense · 47th percentile among 13 sector filers · read for its shareholders

From the record

Marex Group Limited's newest year against its own record: revenue of $2.0 billion in fiscal 2025 came in 15.2% below the $2.4 billion its prior three years' pace pointed to (bottom 12% of its family); net income of $308 million against a prior three-year average of $153 million (top 19%); a net margin of 15.2% against 12.9% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-15.2%bottom 12% of its family
  • net income against the prior three years' average+102%top 19% of its family
  • net margin against its prior average+2.3 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MRX · research, not advice