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

207.03 2.40 −1.15%

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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
Piotroski F-Score Full definition →	+8 more TTM periods Free account	6	5	5	5
ROE Full definition →		28.84%	27.00%	25.34%	26.70%
ROA Full definition →		7.22%	6.79%	6.73%	6.82%
ROIC Full definition →		19.97%	18.34%	18.49%	19.33%
Return on Tangible Assets Full definition →		140.11%	124.80%	105.29%	143.65%
Average Days of Receivables Full definition →		103.76	111.78	116.80	109.63
Free Cash Flow per Share Full definition →		10.19	10.18	9.93	8.73
Free Cash Flow Full definition →		5,001.00	4,928.00	4,767.00	4,154.00
Capital Expenditures Full definition →		(291.00)	(298.00)	(311.00)	(320.00)
Other line items
Cash ROIC Full definition →		10.46%	10.47%	9.88%	8.67%
Accounts Receivable Turnover Full definition →		3.64	3.38	3.21	3.46
Accounts Payable Turnover Full definition →		0.00	0.00	0.00	0.00
Average Days of Payables Full definition →		0.00	0.00	0.00	0.00
Tax Rate Full definition →		(0.24)	(0.24)	(0.24)	(0.23)
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 →		57.73%	57.63%	57.62%	57.23%
Share Based Compensation of Revenue Full definition →		1.46%	1.53%	1.50%	1.47%
Interest Coverage Full definition →		6.48	6.25	6.28	6.26
Operating CF/Net income Full definition →		1.27	1.33	1.28	1.11
Depreciation/Fixed assets Full definition →		1.10	1.12	1.12	1.12
Capex/Depreciation Full definition →		(0.32)	(0.33)	(0.34)	(0.35)
Revenue per Share Full definition →		54.95	56.85	58.22	59.79
Operating CF per Share Full definition →		10.78	10.80	10.58	9.40
Capex per Share Full definition →		(0.59)	(0.62)	(0.65)	(0.67)
Capex to Sales Full definition →		0.01	0.01	0.01	0.01

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Columns are period end dates · fundamentals updated 2 Nov 2026

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