Marsh & McLennan Companies, Inc. (MRSH)

185.74USD -1.44% (-2.72)

Over 1M: -3.1%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

185 190 195
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '25 — Revenue: 6.4B Q3 '25 — Operating Income: 1.2B Q3 '25 — Operating Cash Flow: 2.1B Q3 '25 — Free Cash Flow: 2B Q4 '25 — Revenue: 6.6B Q4 '25 — Operating Income: 1.2B Q4 '25 — Operating Cash Flow: 2.2B Q4 '25 — Free Cash Flow: 2.1B Q1 '26 — Revenue: 7.6B Q1 '26 — Operating Income: 1.8B Q1 '26 — Operating Cash Flow: -688M Q1 '26 — Free Cash Flow: -750M Q2 '26 — Revenue: 7.4B Q2 '26 — Operating Income: 1.9B Q2 '26 — Operating Cash Flow: 1.5B Q2 '26 — Free Cash Flow: 1.5B 0 2B 4B 6B 8B
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Revenue Operating Income Operating Cash Flow Free Cash Flow

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.3
OE margin 15.6%
Oper. margin 21.6%
ROIC 13.8%
Accruals -1.8%
ROCE 15.8%
ROE 25.8%
FCF margin 17.1%
OCF margin 18.2%
ROA 6.7%
OCF / EBIT 0.84×
Gross margin —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

7.5
EV/EBIT 17.9×
EV/OE 24.9×
Div. yield 2.0%
FCF yield 5.3%
P/E 22.4×
EV/Sales 3.9×
P/B 5.8×
P/C 42.2×
EV/GP —
Fwd P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

8.7
Segment HHI 0.61 HHI
RPO / sales —
RPO growth —

2 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

2.9
ND/EBITDA -0.18
F-score 6.8 pts
Debt payback 4.0 yr
Payout 44.4%
Quick ratio 1.1×
Cash / Debt 0.1×
Debt / Eq 1.4×
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.0
Sales/sh Y/Y +8.8%
Div. growth +12.3%
EPS CAGR 4Y +8.3%
EBIT CAGR +10.4%
Sales Q/Q +6.2%
EBIT Y/Y -0.69%
EPS Y/Y -3.2%
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.