Marex Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Marex Group (NASDAQ:MRX) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.36b (up 25% from FY 2023).
• Net income: US$204.7m (up 60% from FY 2023).
• Profit margin: 8.7% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.96 (up from US$1.94 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Marex Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 3.7%.

The primary driver behind last 12 months revenue was the Agency and Execution segment contributing a total revenue of US$695.2m (29% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$989.7m (71% of total expenses). Explore how MRX's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 5.7%.

Performance of the American Capital Markets industry.

The company's shares are down 1.8% from a week ago.

Valuation

It's possible that Marex Group could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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