Saturday 17 October 2026
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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. In the quarter to September 2026, revenue grew 8.06%, EPS grew 12.2%, free cash flow fell 9.99% and total debt rose 3.12%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.
188.35
1.81
+0.97%
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| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Older periods | |
|---|---|---|---|---|---|
P/E ratio |
20.31 | 20.28 | 21.57 | 21.88 |
+8 more quarters Free account |
P/S ratio |
2.86 | 2.86 | 3.05 | 3.38 | |
P/FCF ratio |
19.56 | 16.78 | 17.04 | 18.21 | |
P/Operating CF |
54.98 | 52.53 | (122.02) | 42.15 | |
P/B ratio |
5.27 | 5.18 | 5.67 | 5.95 | |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | |
EV/Sales |
— | 3.04 | 3.25 | 3.53 | |
EV/EBITDA |
— | 12.23 | 13.00 | 13.35 | |
EV/Operating CF |
— | 16.74 | 17.12 | 18.00 | |
EV/FCF |
— | 17.83 | 18.16 | 19.05 | |
Quick Ratio |
1.03 | 1.07 | 1.04 | 1.04 | |
Current Ratio |
1.09 | 1.14 | 1.11 | 1.10 | |
Net Debt/EBITDA |
0.00 | 2.35 | 2.80 | 2.87 | |
Debt/Assets |
31.58% | 31.65% | 32.28% | 31.20% | |
Debt/Equity |
1.27 | 1.22 | 1.28 | 1.20 | |
Asset Turnover |
0.48 | 0.47 | 0.48 | 0.47 | |
Operating CF/Net income |
1.83 | 1.20 | (0.60) | 2.63 | |
Capex/Depreciation |
(0.35) | (0.32) | (0.27) | (0.46) | |
Interest Coverage |
4.90 | 7.60 | 7.31 | 5.19 | |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Selling, General and Administrative Expense of Revenue |
59.42% | 55.93% | 54.36% | 59.71% | |
Intangible Assets out of Total Assets |
0.49 | 0.48 | 0.49 | 0.50 | |
Share Based Compensation of Revenue |
1.37% | 1.30% | 1.83% | 1.35% | |
Graham Net Nets |
(0.26) | (0.25) | (0.24) | (0.22) | |
Graham Number |
0.00 | 77.11 | 74.39 | 77.14 | |
Earnings Yield |
4.92% | 4.93% | 4.64% | 4.57% | |
Free Cash Flow Yield |
5.11% | 5.96% | 5.87% | 5.49% | |
Revenue per Share |
14.42 | 15.43 | 15.70 | 13.43 | |
Operating CF per Share |
3.11 | 3.17 | (1.42) | 4.40 | |
Capex per Share |
(0.17) | (0.15) | (0.13) | (0.21) | |
Free Cash Flow per Share |
2.93 | 3.02 | (1.55) | 4.19 | |
Cash per Share |
29.65 | 28.96 | 27.59 | 28.84 | |
Shareholders Equity per Share |
31.32 | 32.15 | 30.59 | 31.19 | |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | |
Book value per Share |
31.32 | 32.15 | 30.59 | 31.19 | |
Free Cash Flow |
1,397.00 | 1,451.00 | (750.00) | 2,056.00 | |
Working Capital |
1,998.00 | 2,974.00 | 2,331.00 | 2,140.00 | |
Capital Expenditures |
(81.00) | (72.00) | (62.00) | (105.00) | |
Net Current Asset Value |
(20,789.00) | (19,916.00) | (20,510.00) | (20,195.00) | |
EV/EBIT |
— | 14.07 | 14.99 | 15.31 | |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.02 | |
Price to Operating Income |
13.35 | 13.24 | 14.06 | 14.64 | |
| Other line items | |||||
Average Receivables |
8,227.00 | 8,700.00 | 8,149.50 | 7,413.00 | |
Average Payables |
3,925.00 | 3,742.50 | 4,233.00 | 3,527.00 | |
Average Assets |
59,294.50 | 59,118.50 | 57,783.50 | 57,595.50 | |
Average Common Equity |
— | 15,704.50 | 14,537.00 | 14,425.00 |
Columns are period end dates · fundamentals updated 16 Oct 2026