Marsh & McLennan Companies, Inc. (MMC)
NYSE: MMC · Real-Time Price · USD
186.36
-0.81 (-0.43%)
Dec 17, 2025, 4:00 PM EST - Market closed

Marsh & McLennan Statistics

Total Valuation

Marsh & McLennan has a market cap or net worth of $91.30 billion. The enterprise value is $110.21 billion.

Market Cap91.30B
Enterprise Value 110.21B

Important Dates

The next estimated earnings date is Thursday, January 29, 2026, before market open.

Earnings Date Jan 29, 2026
Ex-Dividend Date Oct 2, 2025

Share Statistics

Marsh & McLennan has 489.91 million shares outstanding. The number of shares has decreased by -0.30% in one year.

Current Share Class 489.91M
Shares Outstanding 489.91M
Shares Change (YoY) -0.30%
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.08%
Owned by Institutions (%) 91.63%
Float 489.05M

Valuation Ratios

The trailing PE ratio is 22.35 and the forward PE ratio is 18.44. Marsh & McLennan's PEG ratio is 2.62.

PE Ratio 22.35
Forward PE 18.44
PS Ratio 3.47
Forward PS 3.24
PB Ratio 6.03
P/TBV Ratio n/a
P/FCF Ratio 18.92
P/OCF Ratio 17.95
PEG Ratio 2.62
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 14.26, with an EV/FCF ratio of 22.84.

EV / Earnings 26.71
EV / Sales 4.17
EV / EBITDA 14.26
EV / EBIT 16.10
EV / FCF 22.84

Financial Position

The company has a current ratio of 1.12, with a Debt / Equity ratio of 1.40.

Current Ratio 1.12
Quick Ratio 0.52
Debt / Equity 1.40
Debt / EBITDA 2.62
Debt / FCF 4.44
Interest Coverage 7.16

Financial Efficiency

Return on equity (ROE) is 28.73% and return on invested capital (ROIC) is 13.08%.

Return on Equity (ROE) 28.73%
Return on Assets (ROA) 7.88%
Return on Invested Capital (ROIC) 13.08%
Return on Capital Employed (ROCE) 18.17%
Revenue Per Employee $293,922
Profits Per Employee $45,856
Employee Count90,000
Asset Turnover 0.49
Inventory Turnover n/a

Taxes

In the past 12 months, Marsh & McLennan has paid $1.29 billion in taxes.

Income Tax 1.29B
Effective Tax Rate 23.51%

Stock Price Statistics

The stock price has decreased by -12.56% in the last 52 weeks. The beta is 0.75, so Marsh & McLennan's price volatility has been lower than the market average.

Beta (5Y) 0.75
52-Week Price Change -12.56%
50-Day Moving Average 185.57
200-Day Moving Average 209.60
Relative Strength Index (RSI) 57.06
Average Volume (20 Days) 2,762,286

Short Selling Information

The latest short interest is 4.95 million, so 1.01% of the outstanding shares have been sold short.

Short Interest 4.95M
Short Previous Month 5.73M
Short % of Shares Out 1.01%
Short % of Float 1.01%
Short Ratio (days to cover) 1.67

Income Statement

In the last 12 months, Marsh & McLennan had revenue of $26.45 billion and earned $4.13 billion in profits. Earnings per share was $8.34.

Revenue26.45B
Gross Profit 11.63B
Operating Income 6.85B
Pretax Income 5.49B
Net Income 4.13B
EBITDA 7.73B
EBIT 6.85B
Earnings Per Share (EPS) $8.34
Full Income Statement

Balance Sheet

The company has $2.51 billion in cash and $21.43 billion in debt, giving a net cash position of -$18.92 billion or -$38.61 per share.

Cash & Cash Equivalents 2.51B
Total Debt 21.43B
Net Cash -18.92B
Net Cash Per Share -$38.61
Equity (Book Value) 15.36B
Book Value Per Share 30.92
Working Capital 2.60B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $5.09 billion and capital expenditures -$262.00 million, giving a free cash flow of $4.83 billion.

Operating Cash Flow 5.09B
Capital Expenditures -262.00M
Free Cash Flow 4.83B
FCF Per Share $9.85
Full Cash Flow Statement

Margins

Gross margin is 43.95%, with operating and profit margins of 25.88% and 15.60%.

Gross Margin 43.95%
Operating Margin 25.88%
Pretax Margin 20.76%
Profit Margin 15.60%
EBITDA Margin 29.22%
EBIT Margin 25.88%
FCF Margin 18.24%

Dividends & Yields

This stock pays an annual dividend of $3.60, which amounts to a dividend yield of 1.93%.

Dividend Per Share $3.60
Dividend Yield 1.93%
Dividend Growth (YoY) 12.46%
Years of Dividend Growth 15
Payout Ratio 41.13%
Buyback Yield 0.30%
Shareholder Yield 2.23%
Earnings Yield 4.52%
FCF Yield 5.28%
Dividend Details

Analyst Forecast

The average price target for Marsh & McLennan is $215.31, which is 15.53% higher than the current price. The consensus rating is "Buy".

Price Target $215.31
Price Target Difference 15.53%
Analyst Consensus Buy
Analyst Count 14
Revenue Growth Forecast (5Y) 6.14%
EPS Growth Forecast (5Y) 11.44%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on July 1, 2002. It was a forward split with a ratio of 2:1.

Last Split Date Jul 1, 2002
Split Type Forward
Split Ratio 2:1

Scores

Marsh & McLennan has an Altman Z-Score of 3.02 and a Piotroski F-Score of 4.

Altman Z-Score 3.02
Piotroski F-Score 4