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NYSE · CIK 0000062709 · INSURANCE AGENTS, BROKERS & SERVICE

Marsh & McLennan Companies, Inc.

MRSH chart by TradingView
P/E 20.2xP/B 5.2xP/SALES 2.9xEV/EBITDA 15.3xFCF YIELD 5.93%

PRICE HISTORY

LIVE · NYSE
MRSH chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$27.0B
EBITDA
$6.6B
FREE CASH FLOW
$5.0B
EPS
$8.42
GROSS MARGIN
ROIC
12.91%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

20.2x
-2%
LATEST · Q2 FY26
20.2xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
20.0x34.6x

P / SALES (TTM)

2.9x
+8%
LATEST · Q2 FY26
2.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.6x4.8x

P / BOOK

5.2x
-0%
LATEST · Q2 FY26
5.2xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
5.2x8.5x

EV / EBITDA (TTM)

15.3x
+38%
LATEST · Q2 FY26
15.3xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
11.1x22.2x

EV / REVENUE (TTM)

3.5x
+36%
LATEST · Q2 FY26
3.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.6x5.5x

FCF YIELD (TTM)

5.93%
+0.9pp
LATEST · Q2 FY26
5.93%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.19%5.93%

DIVIDEND YIELD (TTM)

2.16%
+0.7pp
LATEST · Q2 FY26
2.16%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.34%2.16%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$7.4B
+136%
LATEST · Q2 FY26
7.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$2.0B
+192%
LATEST · Q2 FY26
2.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$1.3B
+234%
LATEST · Q2 FY26
1.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$2.63
+262%
LATEST · Q2 FY26
2.63Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

6.17%
+5.5pp
LATEST · Q2 FY26
6.17%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-3.68%19.77%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

19.60%
-6.7pp
LATEST · Q2 FY26
19.60%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-16.25%33.85%

RETURN ON CAPITAL

11.96%
-18.4pp
LATEST · Q2 FY26
11.96%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
7.65%32.10%

RETURN ON EQUITY (TTM)

25.79%
+0.5pp
LATEST · Q2 FY26
25.79%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
17.72%34.59%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN25.65%
NET MARGIN17.10%
FCF MARGIN19.60%
38.8623.838.80-6.23-21.26OPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$1.5B
+76%
LATEST · Q2 FY26
1.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.1B
+269%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.1B
+20%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.48B
-8%
LATEST · Q2 FY26
0.48BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

$0.00
-100%
LATEST · Q2 FY26
0.00Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$1.7B
+22%
LATEST · Q2 FY26
1.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$19.5B
+7357%
LATEST · Q2 FY26
19.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

3.1x
+3471%
LATEST · Q2 FY26
3.1xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.0x3.7x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 94.86%INSIDERS 0.08%OTHER / RETAIL 5.06%2,042 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.8.81%42.1M$8.06B+4.0%
Vanguard Capital Management LLC6.59%31.5M$6.03BNEW
State Street Corporation4.62%22.1M$4.23B+0.9%
Capital World Investors3.77%18.0M$3.44B+6.2%
Wellington Management Group, LLP3.64%17.4M$3.33B+8.6%
Capital International Investors3.29%15.7M$3.01B-16.3%
Geode Capital Management, LLC2.81%13.4M$2.57B+15.1%
Vanguard Portfolio Management LLC2.60%12.4M$2.38BNEW
Capital Research Global Investors2.37%11.3M$2.17B+41.5%
Price (T.Rowe) Associates Inc2.30%11.0M$2.10B+19.1%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.