Friday 6 November 2026 Export MRSH’s income statement to Excel — free account

Marsh

MRSH Financial Insurance Brokers

Marsh’s revenue for fiscal 2025 (year ended December 2025) was $27.0 billion, up 10.3% from fiscal 2024.

Revenue: +8.06%
EPS: +11.8%
Free cash flow: −30.5%
Total debt: +3.12%

Quarter to September 2026, against a year earlier

206.56 2.87 −1.37%

Follow MRSH

Alert me

Market cap: $99.6B
P/E: 24.8×
Fwd P/E: 23.3×
Dividend yield: 1.81%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	21.88	21.57	20.28	20.33
P/S ratio Full definition →		3.38	3.05	2.86	2.86
P/FCF ratio Full definition →		18.21	17.04	16.78	19.56
P/Operating CF Full definition →		42.15	(122.02)	52.53	54.98
P/B ratio Full definition →		5.95	5.67	5.18	5.45
Price to Tangible BV Full definition →		0.00	0.00	0.00	0.00
EV/Sales Full definition →		3.53	3.25	3.04	—
EV/EBITDA Full definition →		13.35	13.00	12.23	—
EV/Operating CF Full definition →		18.00	17.12	16.74	—
EV/FCF Full definition →		19.05	18.16	17.83	—
Quick Ratio Full definition →		1.04	1.04	1.07	1.03
Current Ratio Full definition →		1.10	1.11	1.14	1.09
Net Debt/EBITDA Full definition →		2.87	2.80	2.35	3.30
Debt/Assets Full definition →		31.20%	32.28%	31.65%	31.58%
Debt/Equity Full definition →		1.20	1.28	1.22	1.27
Asset Turnover Full definition →		0.47	0.48	0.47	0.48
Operating CF/Net income Full definition →		2.63	(0.60)	1.20	1.83
Capex/Depreciation Full definition →		(0.46)	(0.27)	(0.32)	(0.35)
Interest Coverage Full definition →		5.19	7.31	7.60	4.90
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		59.71%	54.36%	55.93%	59.42%
Intangible Assets out of Total Assets Full definition →		0.50	0.49	0.48	0.49
Share Based Compensation of Revenue Full definition →		1.35%	1.83%	1.30%	1.37%
Graham Net Nets Full definition →		(0.22)	(0.24)	(0.25)	(0.26)
Graham Number Full definition →		77.14	74.39	77.11	76.94
Earnings Yield Full definition →		4.57%	4.64%	4.93%	4.92%
Free Cash Flow Yield Full definition →		5.49%	5.87%	5.96%	5.11%
Revenue per Share Full definition →		13.43	15.70	15.43	14.42
Operating CF per Share Full definition →		4.40	(1.42)	3.17	3.11
Capex per Share Full definition →		(0.21)	(0.13)	(0.15)	(0.17)
Free Cash Flow per Share Full definition →		4.19	(1.55)	3.02	2.93
Cash per Share Full definition →		28.84	27.59	28.96	29.65
Shareholders Equity per Share Full definition →		31.19	30.59	32.15	31.32
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		31.19	30.59	32.15	31.32
Free Cash Flow Full definition →		2,056.00	(750.00)	1,451.00	1,397.00
Working Capital Full definition →		2,140.00	2,331.00	2,974.00	1,998.00
Capital Expenditures Full definition →		(105.00)	(62.00)	(72.00)	(81.00)
Net Current Asset Value Full definition →		(20,195.00)	(20,510.00)	(19,916.00)	(20,789.00)
EV/EBIT Full definition →		15.31	14.99	14.07	—
Capex to Sales Full definition →		0.02	0.01	0.01	0.01
Price to Operating Income Full definition →		14.64	14.06	13.24	13.35
Other line items
Average Receivables Full definition →		7,413.00	8,149.50	8,700.00	8,227.00
Average Payables Full definition →		3,527.00	4,233.00	3,742.50	3,925.00
Average Assets Full definition →		57,595.50	57,783.50	59,118.50	59,294.50
Average Common Equity Full definition →		14,425.00	14,537.00	15,704.50	15,134.50

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

Stockrow Weekly