stockrowMarsh
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
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Marsh (MRSH) Return on invested capital
Marsh's return on invested capital over the twelve months to 30 September 2026 was 19.3%, down 0.6 percentage points from fiscal 2025 (20.0%). Over the past ten years it has ranged from 9.54% (fiscal 2019) to 32.8% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Insurance Brokers industry median of 5.64% and above the Financial sector median of 4.70%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 20.0% | 1.12 |
| FY2024 | 18.9% | (13.96) |
| FY2023 | 32.8% | 5.72 |
| FY2022 | 27.1% | 13.88 |
| FY2021 | 13.2% | 2.54 |
| FY2020 | 10.7% | 1.13 |
| FY2019 | 9.54% | (4.81) |
| FY2018 | 14.4% | (0.13) |
| FY2017 | 14.5% | (1.12) |
| FY2016 | 15.6% | (0.10) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| CRVL CorVel Corp. compare | 62.7% |
| ERIE Erie Indemnity Company compare | 21.0% |
| MRSH Marsh | 19.3% |
| WTW Willis Towers Watson Public Limited Company compare | 11.4% |
| AON Aon plc compare | 8.02% |
| RYAN Ryan Specialty Holdings Inc. compare | 7.19% |
| BRO Brown & Brown, Inc. compare | 5.79% |
| AJG Arthur J. Gallagher & Co. compare | 5.07% |
| BWIN Baldwin Insurance Group, Inc. compare | −2.29% |
| Insurance Brokers industry median | 5.64% |
| Financial sector median | 4.70% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on MRSH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement