Marsh & McLennan Companies, Inc. (MRSH) is a publicly traded company in the Financial Services — Insurance - Brokers industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands.
Analysis Summary
Marsh & McLennan Companies, Inc. reported revenue of $26.98B in the most recent fiscal year, growing at a 5-year CAGR of 9.4%. Net income reached $4.16B, with a 15.6% 5-year CAGR.
Trailing-twelve-month margins: gross margin 42.4%, operating margin 21.6%, net margin 14.2%. Free cash flow grew at 10.5% CAGR over 5 years.
At the current price of $176.76, MRSH trades at a P/E of 21.64 and an ROE of 26.53%. Market capitalisation stands at $84.4B, placing it among large-cap names.
Balance sheet quality for MRSH: current ratio of 1.1, net debt of $18.76B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $5.00B represents 120% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $176.76 |
| Market Cap | $84.4B |
| Exchange | NYSE |
| Country | US |
Valuation Ratios
| P/E Ratio | 21.64 |
| Price / Book | 5.64 |
| EV / EBITDA | 18.49 |
| Dividend Yield | 2.08% |
Profitability
| Return on Equity | 26.53% |
| Return on Invested Capital | 11.40% |
| Return on Assets | 6.67% |
| Gross Margin | 42.38% |
| Operating Margin | 21.62% |
| Net Margin | 14.24% |
Financial Health
| Debt / Equity | 1.47 |
| Current Ratio | 1.14 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 2.76 |
What to look at in Insurance
Insurers earn in 2 ways: underwriting well (combined ratio) and investing the float. Buffett built Berkshire that way.
- Op Margin 5y (Combined Ratio proxy) — Combined ratio proxy when FMP does not expose it. ≥10% 5y average = underwriting discipline (CR <100%)
- Book Value / Share growth — How Buffett measures Berkshire. The real value shareholders accumulate
- Debt / Equity — Leveraged insurers fail fast under catastrophes
- P/B (Price / Book) — Insurers are valued by book multiple. Here it is crossed with ROE (quality × valuation)
- Dividend growth streak — Consecutive years raising dividend per share — solid insurers stack decades
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| MRSH | Marsh & McLennan Companies, Inc. | $84.4B | 21.64 | 5.64 | 26.5% |
| WTW | Willis Towers Watson Public Limited Company | $29.1B | 19.68 | 3.92 | 20.0% |
| ERIE | Erie Indemnity Company | $11.1B | 20.23 | 4.69 | 24.5% |
| CB | Chubb Limited | $131.8B | 12.13 | 1.80 | 15.2% |
| PGR | The Progressive Corporation | $126.5B | 11.08 | 3.76 | 35.4% |
| AON | Aon plc | $63.8B | 16.61 | 6.70 | 42.6% |
| AJG | Arthur J. Gallagher & Co. | $62.6B | 40.26 | 2.66 | 6.7% |
| BRO | Brown & Brown, Inc. | $22.9B | 18.57 | 1.78 | 8.4% |
Price Performance
| 1 month | -5.16% |
| 3 months | +8.84% |
| Year-to-date | -4.72% |
| 1 year | -10.46% |
| 3 years | -10.61% |
52-Week Range
| 52-week High | $207.83 |
| 52-week Low | $156.60 |
| Avg Volume (90d) | 2.5M |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-07-23 | $0.9900 | 2.24% |
| 2026-04-09 | $0.9000 | 2.04% |
| 2026-01-29 | $0.9000 | 2.04% |
| 2025-10-02 | $0.9000 | 2.04% |
| 2025-07-24 | $0.9000 | 2.04% |
| 2025-04-03 | $0.8150 | 1.84% |
| 2025-01-30 | $0.8150 | 1.84% |
| 2024-10-04 | $0.8150 | 1.84% |
| 2024-07-25 | $0.8150 | 1.84% |
| 2024-04-03 | $0.7100 | 1.61% |
Related companies: AJG · AON · BRO · CB · ERIE · NTRS · PGR
Explore sector: Financial Services · Insurance - Brokers
More sections of MRSH: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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