Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc.

MRSH
Marsh & McLennan Companies, Inc.US flagNew York Stock Exchange
163.84
USD
+3.72
- -
78.94BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.33
23.76
24.28
25.45
27.34
29.55
32.91
34.04
39.09
41.52
46.02
49.71
54.95
56.33
Basic EPS, GAAP
2.47
2.69
3.01
3.41
2.91
3.26
3.44
3.98
6.2
6.11
7.6
8.25
8.47
8.03
Free Cash Flow per Basic Share
2.44
3.89
3.56
3.87
3.69
4.8
4.67
6.68
6.93
6.94
8.62
8.74
10.78
10.7
Dividend per Share
0.97
1.07
1.19
1.31
1.44
1.59
1.76
1.86
2.02
2.28
2.63
3.08
3.46
3.55
Book Value per Share
18.24
19.99
22.34
24.95
26.71
29.46
31.15
33.27
37.38
41.81
47.21
52.58
57.69
58.54
Tangible Book Value per Share
1.11
-1.47
-4.37
-6.21
-5.69
-6.82
-18.78
-17.7
-15.59
-16.11
-15.16
-29.66
-28.04
-28.81
Basic Weighted Avg Shares
549
545
531
519
513
506
506
506
507
499
494
492
491
488
Sales/Revenue/Turnover
12,261
12,951
12,893
13,211
14,024
14,950
16,652
17,224
19,820
20,720
22,736
24,458
26,981
27,517
Operating Margin (%)
16.94
17.77
18.76
18.4
18.93
18.47
16.08
17.8
21.76
20.66
23.23
23.78
23.06
21.7
Depreciation Expense
358
388
423
438
481
494
647
741
747
719
713
746
910
910
Net Income, GAAP
1,357
1,465
1,599
1,768
1,492
1,650
1,742
2,016
3,143
3,050
3,756
4,060
4,160
3,925
Effective Tax Rate (%)
30.11
28.49
29.09
27.62
42.87
25.58
27.31
26.75
24.57
24.38
24.35
24.87
23.56
24.28
Profit Margin (%)
11.07
11.31
12.4
13.38
10.64
11.04
10.46
11.7
15.86
14.72
16.52
16.6
15.42
14.26
Working Capital
2,491
1,856
1,336
802
1,300
1,010
389
1,599
1,610
1,127
1,953
2,599
2,140
2,331
LT Debt
2,621
3,368
4,402
4,495
5,225
5,510
12,667
12,720
12,813
12,894
13,505
21,018
19,849
20,423
Total Equity
7,975
7,133
6,602
6,272
7,442
7,584
7,943
9,260
11,222
10,749
12,370
13,535
15,315
14,806
Return on Invested Capital (%)
14.02
15.14
15.71
15.71
12.46
15.4
10.84
9.89
13.65
13.2
15.2
13.68
13.05
12.05
Return on Capital (%)
11.47
11.32
10.92
10.98
8.66
9.21
8.21
7.79
10.96
10.07
11.29
10.43
9.85
9.1
Return on Common Equity (%)
14.13
14.01
14.05
14.25
11.2
11.53
11.36
12.37
17.57
15.32
17
16.51
15.35
14.26

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,595
1,600
2,028
LT Borrowings
18,317
18,320
18,900
LT Finance Leases
1,514
1,529
1,523
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
490
485
482
Market Capitalization
99,052
90,998
84,730

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
23,699
23,200
23,236
Cash, Cash Equivalents & STI
2,511
2,687
1,611
Accounts Receivable, Net
7,256
7,015
7,777
Inventories
- -
- -
- -
Total Current Liabilities
21,098
21,060
20,905
Payables & Accruals
4,413
4,025
5,188
ST Debt
1,595
1,600
2,028
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.15%
10.93%
13.15%
Free Cash Flow
11.88%
9.89%
23.01%
Net Income, GAAP
11.35%
17.33%
2.46%
Sales/Revenue/Turnover
7.73%
9.45%
10.32%
Total Cash Common Dividend
10.43%
12.53%
12.29%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,473
6,221
5,697
6,067
24,458
2025
7,061
6,974
6,351
6,595
26,981
2026
7,597
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.85
2.29
1.52
1.6
8.25
2025
2.81
2.46
1.52
1.69
8.47
2026
2.37
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
0.72
0.82
0.82
3.08
2025
0.82
0.82
0.91
0.91
3.46
2026
0.91
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
John Quinlan Doyle
Full Time Employees
90,000
Sector
Financial Services
Industry
Insurance - Brokers
Address
1166 Avenue of the Americas New York City NY United States of America 10036-2774
IPO Date
Dec 30, 1987
Business
Marsh & McLennan Companies, Inc. engages in risk management, insurance brokerage, and professional services through its four primary operating platforms: Marsh, a global insurance broker and risk management advisor delivering risk assessment, placement, and loss-prevention services; Guy Carpenter, a leading reinsurance broker and advisory firm providing capital, risk transfer strategies, and analytical modeling; Mercer, a curated human resources consulting firm offering health and benefits, retirement, talent management, and employee rewards programs; and Oliver Wyman, a strategy and management consulting practice delivering enterprise-wide transformational consulting, financial services advisory, and specialized services such as economic and analytical research. The company operates globally, with headquarters in New York, NY, and maintains substantial operations across the Americas, Europe, the Middle East, Africa, and Asia-Pacific, serving corporations, public entities, and institutions across multiple industries. Founded in 1906, the company integrates risk, strategy, and people disciplines to help clients anticipate risk, improve performance, and accelerate growth. Core offerings span risk management and insurance services; strategic advisory and reinsurance brokerage; human resources consulting, health and retirement benefits design, and workforce analytics; and management and economic consulting, including specialized industry practices and digital transformation capabilities. The company’s product and service categories include risk assessment and program design; insurance and reinsurance placement; claims and risk analytics; health, retirement, and benefits consulting; talent management and organizational effectiveness; executive compensation and rewards consulting; strategic and financial advisory; operational risk and resilience; product and market strategy; and data-driven research and modeling. Recent strategic developments include ongoing global expansion and a continuous cadence of acquisitions and partnerships to broaden capabilities in specialty insurance, retirement and benefits solutions, and industry-specific consulting, as well as investments in digital platforms and analytics to enhance client outcomes. The latest changes reflect a focus on accretive acquisitions, portfolio optimization, and expansion of advisory footprints in high-growth regions, alongside continued investments in technology-enabled services and integrated risk solutions. The company maintains substantial client relationships across financial services, healthcare, manufacturing, energy, technology, and consumer sectors, servicing multinational corporations, mid-market companies, government and nonprofit organizations, and high-net-worth individuals through its diverse brand ecosystem. Overall, Marsh & McLennan positions itself as a diversified professional services leader combining insurance broking, risk and reinsurance advisory, and broad-based consulting to help clients identify, quantify, and manage risk while pursuing strategic growth and organizational effectiveness.

Company News

APIChatGPT
  • Why Marsh (MRSH) is a Top Value Stock for the Long-Term

  • The Big 3: CMI, BA, MRSH

  • MRSH DCF Analysis: Intrinsic Value $183 vs Price $166

  • Here's Why Investors Should Stay Neutral on Marsh Stock for Now

  • Marsh Strengthens Advisory Business With TriBridge Acquisition

  • Marsh McLennan Agency completes acquisition of TriBridge Partners

  • Andrew Bainbridge named General Counsel & Chief Compliance Officer of Oliver Wyman and Marsh Management Consulting

  • Andrew Bainbridge named General Counsel & Chief Compliance Officer of Oliver Wyman and Marsh Management Consulting

  • Marsh & McLennan: 16 Years Of Dividend Growth And Counting

  • Marsh Stockholders Re-Elect Board of Directors During 2026 Meeting

  • Marsh to Showcase the Power of Perspective at the Lenovo Grand Prix du Canada as Formula 1®'s Official Risk Partner and Official Insurance Brokering Partner

  • Marsh to Showcase the Power of Perspective at the Lenovo Grand Prix du Canada as Formula 1®'s Official Risk Partner and Official Insurance Brokering Partner

  • Emerging Urban Hubs Reshaping Global Investment, Manufacturing, and Talent Flows, New Report From Oliver Wyman Finds

  • Is It Too Late to Buy Marsh (MRSH) After 3.1% Rally? GF Value Says Undervalued

  • Is MRSH Undervalued? DCF Says Worth $183

  • Marsh's Oliver Wyman announces senior leadership appointments to accelerate AI-enabled integration and transformation

  • Mercer and Syndio Join Forces to Close the Gap Between Compensation Strategy and Pay Decisions

  • Marsh's Oliver Wyman to Acquire Management Consulting Firm CR3 Partners

  • Marsh McLennan Agency to Acquire TriBridge Partners

  • CFO Role Expands as Growth, Transformation and AI Agendas Converge, Oliver Wyman Forum and New York Stock Exchange Survey Finds