Galaxy Digital Inc. (GLXY) vs Marex Group PLC (MRX)

Galaxy Digital Inc. and Marex Group PLC are both Capital Markets companies. Galaxy Digital Inc. is the larger, with a market value of $7.1B against $5.2B — 1.4× the size. Galaxy Digital Inc. has negative trailing earnings, so its P/E is not meaningful; Marex Group PLC trades at 16.7×. Marex Group PLC has the higher net margin (15.3% vs −0.34%) and the higher return on invested capital (0.00% vs −7.30%). Across the 15 metrics below, Marex Group PLC leads on 11 and Galaxy Digital Inc. on 4.

Valuation

Metric GLXY MRX Capital Markets median
P/E n/m 16.67 14.20
P/S 0.05 2.46 2.00
P/B 1.14 2.71 1.51
Price to free cash flow n/m 2.20 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (3.94%) 6.00% (3.94%)
Free cash flow yield (60.61%) 45.38% (1.62%)

Profitability

Metric GLXY MRX Capital Markets median
Gross margin 0.40% 100.00% 62.80%
Operating margin (0.53%) 36.42% 0.00%
Net margin (0.34%) 15.28% (0.55%)
Free cash flow margin (3.29%) 0.00% 0.00%
Return on equity (7.22%) 0.00% 0.00%
Return on assets (1.94%) 0.00% 0.00%
Return on invested capital (7.30%) 0.00% 0.00%

Growth

Metric GLXY MRX Capital Markets median
Revenue growth (TTM) 3.68% — 20.70%
EPS growth (last fiscal year) (162.76%) 41.91% 22.92%
Revenue growth, 5-year CAGR — — 18.16%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric GLXY MRX Capital Markets median
Debt to equity 1.14 4.96 0.08
Current ratio 1.50 1.09 1.50
Net debt to EBITDA 3.17 (12.17) (0.24)

Dividend

Metric GLXY MRX Capital Markets median
Dividend yield — 0.88% 1.36%
Payout ratio — 0.16 0.19

Size

Metric GLXY MRX Capital Markets median
Market cap 7.13b 5.20b 565.91m

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