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Marex Group

MRX on Nasdaq. Security & commodity brokers, dealers, exchanges & services. Market value $5.4bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
Not reported

We don't have this figure for this company.

Price to book
annual report to December 2025
Not reported

We don't have this figure for this company.

Earnings yield
annual report to December 2025
5.7%

Profit per $100 you pay: $5.68.

Quality score: not known. Price score: 60 of 100. Our list needs 70 on quality and 60 on price.

$74.24 a share, 166% above its 1-year low

Over the past year the price has ranged from $27.91 to $79.11.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
20242025
Revenue
n/an/a
Operating margin
n/an/a
Debt to equity
n/an/a
Shares outstanding
0.07bn0.07bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesRoughly flat

Dates

Next results (estimated)
n/a
Last annual report (10-K)
25 March 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

2 long-term investors we follow own it, unchanged from 2 last quarter. 220 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • FMR LLC
    Passive investor
    at least 7.5%+2.4 pts
    (filed with 1 related holder)
    Since 30 June 2026
  • 6.8%
    Since 30 June 2026
  • JRJ Investor 1 LP
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • MASP Investor Limited Partnership
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • Ocean Ring Jersey Co Limited
    Passive investor
    Sold down below 5%
    Since 30 June 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $15m, $15m of it under preset trading plans.

  • Tonucci Paolo
    See Remarks
    Sold
    under a preset trading plan
    Date
    14 September 2026
    Shares
    16,666
    Price
    $70.87
    Value
    $1m
  • Van Den Born Simon
    President
    Sold
    under a preset trading plan
    Date
    14 September 2026
    Shares
    15,271
    Price
    $70.87
    Value
    $1m
  • Irvin Rob
    Chief Financial Officer, Director
    Sold
    Date
    14 August 2026
    Shares
    3,700
    Price
    $70.96
    Value
    $262,545
  • Tonucci Paolo
    See Remarks
    Sold
    under a preset trading plan
    Date
    10 August 2026
    Shares
    16,668
    Price
    $60.92
    Value
    $1m
  • Tonucci Paolo
    See Remarks
    Sold
    under a preset trading plan
    Date
    13 July 2026
    Shares
    16,666
    Price
    $64.42
    Value
    $1m
  • Lowitt Ian T
    Chief Executive Officer, Director
    Sold
    under a preset trading plan
    Date
    13 July 2026
    Shares
    37,142
    Price
    $64.39
    Value
    $2m
  • Tonucci Paolo
    See Remarks
    Sold
    under a preset trading plan
    Date
    15 June 2026
    Shares
    16,666
    Price
    $62.46
    Value
    $1m
  • Lowitt Ian T
    Chief Executive Officer, Director
    Sold
    under a preset trading plan
    Date
    12 June 2026
    Shares
    37,143
    Price
    $62.37
    Value
    $2m
  • Texier Thomas
    Group Head of Clearing
    Sold
    under a preset trading plan
    Date
    1 June 2026
    Shares
    1,572
    Price
    $53.35
    Value
    $83,866
  • Tonucci Paolo
    See Remarks
    Sold
    under a preset trading plan
    Date
    11 May 2026
    Shares
    16,668
    Price
    $55.93
    Value
    $932,181

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Marex Group doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.