Marsh (MRSH) vs Willis Towers Watson Public Limited Company (WTW)

Marsh and Willis Towers Watson Public Limited Company are both Insurance Brokers companies. Marsh is the larger, with a market value of $89.0B against $28.8B — 3.1× the size. Willis Towers Watson Public Limited Company trades at the lower P/E: 19.3× against 22.4×. Marsh grew revenue faster over the last twelve months: 7.58% against 3.00%. Willis Towers Watson Public Limited Company has the higher net margin (15.5% vs 14.2%) and the lower return on invested capital (11.1% vs 19.3%). Both pay a dividend; Marsh yields more (2.01% vs 1.21%). Across the 20 metrics below, Willis Towers Watson Public Limited Company leads on 11 and Marsh on 9.

Valuation

Metric MRSH WTW Insurance Brokers median
P/E 22.41 19.31 25.24
P/S 3.15 2.93 2.73
P/B 5.81 3.81 2.91
Price to free cash flow 21.58 38.14 20.97
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.46% 5.18% 2.41%
Free cash flow yield 4.63% 2.62% 2.15%

Profitability

Metric MRSH WTW Insurance Brokers median
Gross margin 100.00% 100.00% 42.95%
Operating margin 21.39% 22.23% 15.37%
Net margin 14.20% 15.49% 8.77%
Free cash flow margin 14.60% 16.72% 3.89%
Return on equity 0.00% 19.62% 0.00%
Return on assets 6.82% 5.30% 2.23%
Return on invested capital 19.33% 11.08% 5.27%

Growth

Metric MRSH WTW Insurance Brokers median
Revenue growth (TTM) 7.58% 3.00% 7.09%
EPS growth (last fiscal year) 3.06% 1,793.75% (9.12%)
Revenue growth, 5-year CAGR 9.39% 2.42% 9.30%
Net income growth, 5-year CAGR 15.59% 10.01% 0.00%

Health

Metric MRSH WTW Insurance Brokers median
Debt to equity 1.27 0.84 0.19
Current ratio 1.09 1.68 1.55
Net debt to EBITDA 0.58 1.20 0.89

Dividend

Metric MRSH WTW Insurance Brokers median
Dividend yield 2.01% 1.21% 1.08%
Payout ratio 0.45 0.23 0.23

Size

Metric MRSH WTW Insurance Brokers median
Market cap 89.02b 28.82b 1.49b

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