CompanyGraphMarsh & McLennan Companies, Inc.
MRSH · NYSE Arca · United States
corporate.marsh.comFinancials as of FY2025
At a glance
- Depends onMidstream position: 6 outgoing, 5 incoming connections
- ScaleMarket cap is $90.67B, higher than 95% of all stocks globally
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
2.08%Above 5Y avg (1.46%)
Annual Rate
USD 3.96Paid quarterly
Payout Ratio
44.1%Sustainable
Consecutive Growth
16 yrStrong track record
Paying Dividends
26 yr
Payback Period
53.1 yr
Last Ex-Dividend
Oct 1, 2026
Next Payment
Nov 13, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
90.67BUSDvs all stocks (USD)
Trailing P/E
22.76xvs Insurance Brokers peers
Revenue (TTM)
28.46BUSDvs all stocks (USD)
Profit Margin
14.20%vs Insurance Brokers peers
Beta
0.5850xvs all stocks
52-Week Change
4.29%vs all stocks
Forward Annual Dividend Yield
2.08%vs all stocks
Market Capitalization
90.67BUSDvs all stocks (USD)
Enterprise Value
113.32BUSDvs all stocks (USD)
Trailing P/E
22.76xvs Insurance Brokers peers
Forward P/E
16.61xvs Insurance Brokers peers
PEG Ratio
3.11xvs Insurance Brokers peers
Price to Sales (TTM)
3.18xvs Insurance Brokers peers
Price to Book (MRQ)
6.17xvs Insurance Brokers peers
Enterprise to Revenue
3.98xvs Insurance Brokers peers
Enterprise to EBITDA
14.37xvs Insurance Brokers peers
Gross Margin
44.07%vs Insurance Brokers peers
Profit Margin
14.20%vs Insurance Brokers peers
Operating Margin
18.40%vs Insurance Brokers peers
Return on Assets (TTM)
7.35%vs Insurance Brokers peers
Return on Equity (TTM)
27.24%vs Insurance Brokers peers
Revenue (TTM)
28.46BUSDvs all stocks (USD)
Revenue per Share (TTM)
59.04USDUpdated Oct 28, 2026Quarterly Revenue Growth
8.10%vs Insurance Brokers peers
Gross Profit (TTM)
12.66BUSDvs all stocks (USD)
EBITDA (TTM)
7.19BUSDvs all stocks (USD)
Net Income (TTM)
4.04BUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
8.20%vs Insurance Brokers peers
Operating Cash Flow (TTM)
4.47BUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
4.32BUSDvs all stocks (USD)
Forward Annual Dividend Rate
3.96USDUpdated Oct 28, 2026Forward Annual Dividend Yield
2.08%vs all stocks
Trailing Annual Dividend Rate
3.78USDUpdated Oct 28, 2026Trailing Annual Dividend Yield
1.98%vs all stocks
5-Year Average Dividend Yield
1.46%vs all stocks
Payout Ratio
44.14%vs Insurance Brokers peers
Minority Interest (Equity)
215.00MUSDFY2025 · Dec 31, 2025Revenue
26.98BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
15.58BUSDFY2025 · Dec 31, 2025Gross Profit
11.40BUSDFY2025 · Dec 31, 2025Operating Income
6.22BUSDvs all stocks (USD)
Pre-tax Income
5.54BUSDFY2025 · Dec 31, 2025Income Tax Expense
1.30BUSDFY2025 · Dec 31, 2025Net Income
4.23BUSDFY2025 · Dec 31, 2025EBIT
6.50BUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
7.38BUSDFY2025 · Dec 31, 2025Other Operating Expenses
5.18BUSDFY2025 · Dec 31, 2025Non-operating Interest Income
48.00MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
960.00MUSDFY2025 · Dec 31, 2025EPS (Basic)
8.48USDFY2025 · Dec 31, 2025EPS (Diluted)
8.43USDFY2025 · Dec 31, 2025Basic Shares Outstanding
491.00MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
491.00MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
4.23BUSDFY2025 · Dec 31, 2025Minority Interests (P&L)
-74.00MUSDFY2025 · Dec 31, 2025Operating Cash Flow
5.11BUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
14.16BUSDFY2025 · Dec 31, 2025Income Tax Paid
1.29BUSDFY2025 · Dec 31, 2025Interest Paid
885.00MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
4.23BUSDFY2025 · Dec 31, 2025Depreciation & Amortization
910.00MUSDFY2025 · Dec 31, 2025Stock-based Compensation
394.00MUSDFY2025 · Dec 31, 2025Other Non-cash Items
332.00MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-128.00MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-632.00MUSDFY2025 · Dec 31, 2025Net Acquisitions
-630.00MUSDFY2025 · Dec 31, 2025Purchase of Investments
-26.00MUSDFY2025 · Dec 31, 2025Sale of Investments
100.00MUSDFY2025 · Dec 31, 2025Other Investing Activity
2.00MUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
-554.00MUSDFY2025 · Dec 31, 2025Long-term Debt Issuance
0.00USDFY2025 · Dec 31, 2025Long-term Debt Payments
-519.00MUSDFY2025 · Dec 31, 2025Net Short-term Debt Issuance
0.00USDFY2025 · Dec 31, 2025Common Stock Repurchase
-2.01BUSDFY2025 · Dec 31, 2025Common Dividends Paid
-1.70BUSDFY2025 · Dec 31, 2025Other Financing Charges
-654.00MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
-4.63BUSDFY2025 · Dec 31, 2025Shares Outstanding
477.92MSharesUpdated Oct 28, 2026Float Shares
474.57MSharesUpdated Oct 28, 2026Shares Short
6.35MSharesUpdated Oct 28, 2026Short Ratio
2.29daysvs all stocks
Short % of Shares Outstanding
1.34%vs all stocks
% Held by Insiders
0.08%vs all stocks
% Held by Institutions
94.39%vs all stocks
Total Cash (MRQ)
1.84BUSDvs all stocks (USD)
Total Cash per Share (MRQ)
3.87USDUpdated Oct 28, 2026Total Debt (MRQ)
22.33BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
1.50xvs Insurance Brokers peers
Current Ratio (MRQ)
1.09xvs Insurance Brokers peers
Book Value per Share (MRQ)
30.87USDUpdated Oct 28, 2026Total Assets
58.71BUSDvs all stocks (USD)
Total Current Assets
23.20BUSDFY2025 · Dec 31, 2025Total Liabilities
43.40BUSDFY2025 · Dec 31, 2025Total Non-current Assets
35.51BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
22.34BUSDFY2025 · Dec 31, 2025Total Current Liabilities
21.06BUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
2.69BUSDFY2025 · Dec 31, 2025Accounts Receivable
7.01BUSDFY2025 · Dec 31, 2025Accounts Payable
3.65BUSDFY2025 · Dec 31, 2025Short-term Debt
1.60BUSDFY2025 · Dec 31, 2025Other Current Liabilities
11.47BUSDFY2025 · Dec 31, 2025Long-term Debt
19.85BUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
1.70BUSDFY2025 · Dec 31, 2025Common Stock (Book)
561.00MUSDFY2025 · Dec 31, 2025Retained Earnings
27.77BUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
15.31BUSDvs all stocks (USD)
Treasury Stock
9.35BUSDFY2025 · Dec 31, 202552-Week Low
156.60USDUpdated Oct 28, 202652-Week High
200.33USDUpdated Oct 28, 202652-Week Change
4.29%vs all stocks
Beta
0.5850xvs all stocks
50-Day MA
181.73USDUpdated Oct 28, 2026200-Day MA
176.96USDUpdated Oct 28, 2026Avg 10-Day Volume
2.25MSharesUpdated Oct 28, 2026Avg 30-Day Volume
2.79MSharesUpdated Oct 28, 2026Diluted EPS (TTM)
8.36USDUpdated Oct 28, 2026Other Income / Expense
228.00MUSDFY2025 · Dec 31, 2025Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Supply Chain
Midstream position: 6 outgoing, 5 incoming connectionsNotable
Outgoing: 6.00Incoming: 5.00
High connectivity hub: 11 industry connectionsNotable
Total Connections: 11.00
Scale
Market cap is $90.67B, higher than 95% of all stocks globallySignificant
Market cap (USD): 90,666,316,729Global P95: 25,994,381,698
Revenue is $28.46B, higher than 95% of all stocks globallySignificant
Revenue (USD): 28,458,999,808Global P95: 15,439,399,680
Levered free cash flow is $4.32B, higher than 95% of all stocks globallySignificant
Levered free cash flow (USD): 4,321,375,232Global P95: 1,233,976,520.5
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