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

208.57 1.81 −0.86%

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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

	Sep '26	Jun '26	Mar '26	Dec '25	Older periods
Piotroski F-Score Full definition →	5	5	5	6	+8 more TTM periods Free account
ROE Full definition →	26.70%	25.34%	27.00%	28.84%
ROA Full definition →	6.82%	6.73%	6.79%	7.22%
ROIC Full definition →	19.33%	18.49%	18.34%	19.97%
Return on Tangible Assets Full definition →	143.65%	105.29%	124.80%	140.11%
Average Days of Receivables Full definition →	109.63	116.80	111.78	103.76
Free Cash Flow per Share Full definition →	8.73	9.93	10.18	10.19
Free Cash Flow Full definition →	4,154.00	4,767.00	4,928.00	5,001.00
Capital Expenditures Full definition →	(320.00)	(311.00)	(298.00)	(291.00)
Other line items
Cash ROIC Full definition →	8.67%	9.88%	10.47%	10.46%
Accounts Receivable Turnover Full definition →	3.46	3.21	3.38	3.64
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 →	(0.23)	(0.24)	(0.24)	(0.24)
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 →	57.23%	57.62%	57.63%	57.73%
Share Based Compensation of Revenue Full definition →	1.47%	1.50%	1.53%	1.46%
Interest Coverage Full definition →	6.26	6.28	6.25	6.48
Operating CF/Net income Full definition →	1.11	1.28	1.33	1.27
Depreciation/Fixed assets Full definition →	1.12	1.12	1.12	1.10
Capex/Depreciation Full definition →	(0.35)	(0.34)	(0.33)	(0.32)
Revenue per Share Full definition →	59.79	58.22	56.85	54.95
Operating CF per Share Full definition →	9.40	10.58	10.80	10.78
Capex per Share Full definition →	(0.67)	(0.65)	(0.62)	(0.59)
Capex to Sales Full definition →	0.01	0.01	0.01	0.01

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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