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Saturday 17 October 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. 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%
Market cap
$89.0B
P/E
22.4×
Fwd P/E
19.2×
Dividend yield
2.01%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Marsh (MRSH) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Marsh (MRSH) trades at a price to free cash flow of 21.6×. Over the past ten years it has ranged from 15.5× (June 2026) to 36.8× (June 2020); the current reading is higher than 36% of that period. That is in line with the Insurance Brokers industry median of 21.0× and above the Financial sector median of 9.9×.

Price to free cash flow, daily

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Annual newest first

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%

Quarterly newest first

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

Against its own ten years

Low 15.5× High 36.8×
Ten-year median 24.4×
Current reading's percentile 36

Price to free cash flow against peers

Company Price to free cash flow
BRO Brown & Brown, Inc. compare 15.8×
AON Aon plc compare 19.2×
ERIE Erie Indemnity Company compare 20.4×
MRSH Marsh 21.6×
AJG Arthur J. Gallagher & Co. compare 28.5×
CRVL CorVel Corp. compare 35.6×
WTW Willis Towers Watson Public Limited Company compare 38.1×
BWIN Baldwin Insurance Group, Inc. compare 67.7×
ARX Accelerant Holdings compare 2,396×
Insurance Brokers industry median 21.0×
Financial sector median 9.9×
Market median 14.2×

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 →

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