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%

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

Marsh (MRSH) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Marsh (MRSH) trades at a price to free cash flow of 23.9×. Over the past ten years it has ranged from 15.5× (June 2026) to 36.8× (June 2020); the current reading is higher than 48% of that period. That is above the Insurance Brokers industry median of 22.3× and above the Financial sector median of 9.7×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/MRSH/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Marsh price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MRSH/metrics/price-to-free-cash-flow">Marsh (MRSH) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	18.2×	(30.53%)
FY2024	26.2×	7.22%
FY2023	24.5×	(11.58%)
FY2022	27.7×	(2.41%)
FY2021	28.3×	45.22%
FY2020	19.5×	(32.85%)
FY2019	29.1×	52.45%
FY2018	19.1×	(26.10%)
FY2017	25.8×	28.74%
FY2016	20.0×	6.50%

Period	Price to free cash flow	Change
Sep 2026	19.6×	16.57%
Jun 2026	16.8×	(1.48%)
Mar 2026	17.0×	(6.47%)
Dec 2025	18.2×	(11.18%)
43 more quarters	Free account

Against its own ten years

Low 15.5× High 36.8×

Ten-year median 24.4×

Current reading's percentile 48

Company	Price to free cash flow
RYAN Ryan Specialty Holdings Inc. compare	11.7×
BRO Brown & Brown, Inc. compare	16.2×
AON Aon plc compare	22.3×
ERIE Erie Indemnity Company compare	23.7×
MRSH Marsh	23.9×
AJG Arthur J. Gallagher & Co. compare	32.3×
WTW Willis Towers Watson Public Limited Company compare	36.7×
CRVL CorVel Corp. compare	38.0×
BWIN Baldwin Insurance Group, Inc. compare	67.9×
Insurance Brokers industry median	22.3×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Marsh (MRSH) Price to free cash flow

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on MRSH

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on MRSH

Stockrow Weekly