Macquarie Group Limited (MQG.AX) stock analysis

In our weekly check, Macquarie Group Limited is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 11 pass, warnings: 6, red flags: 8.

About Macquarie Group Limited

Macquarie Group Limited is a Financial Services company (Investment - Banking & Investment Services) based in Australia, listed on ASX as MQG.AX.

What our checks show for MQG.AX

Red flags

• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Free cash flow is negative (-47.3% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 84% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 8.5 years.
• Return on capital (ROCE) is only 1.5%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The net margin fell by 4 points over 5 years, to 24.7%: the company keeps less of each sale as profit.
• Analysts expect only about 3% a year of growth in revenue.
• Revenue grew only 0.8% a year over the last 3 years.
• Earnings per share fell 1.9% a year over the last 3 years.
• Net profit fell 2.2% a year over the last 3 years.
• Beta 1.43: the stock usually moves more than the market, both up and down.

Strengths

• The gross margin is 108% and has risen by 65.6 points: pricing power is holding.
• The company keeps 24.7% of its revenue as net profit.
• A large company: market value $64.08 billion.

Next earnings report: 2026-11-06

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Questions

What grade does Macquarie Group Limited (MQG.AX) have?

In our weekly check, Macquarie Group Limited is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 11 pass, warnings: 6, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of MQG.AX stock?

This week's biggest flags for Macquarie Group Limited: Profits not backed by cash, Weak free cash flow, Deep past fall. In total 14 of 25 checks show a warning or a red flag.

What does Macquarie Group Limited do?

Macquarie Group Limited is a Financial Services company (Investment - Banking & Investment Services) based in Australia, listed on ASX as MQG.AX.

When does Macquarie Group Limited report earnings next?

The next earnings report is expected on 2026-11-06. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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