Marsh & McLennan Companies, Inc. (MRSH)
NYSE: MRSH · Real-Time Price · USD
176.99
-2.33 (-1.30%)
At close: Feb 23, 2026, 4:00 PM EST
176.99
0.00 (0.00%)
After-hours: Feb 23, 2026, 7:00 PM EST

MRSH Statistics

Total Valuation

MRSH has a market cap or net worth of $85.69 billion. The enterprise value is $104.52 billion.

Market Cap85.69B
Enterprise Value 104.52B

Important Dates

The last earnings date was Thursday, January 29, 2026, before market open.

Earnings Date Jan 29, 2026
Ex-Dividend Date Jan 29, 2026

Share Statistics

MRSH has 484.12 million shares outstanding. The number of shares has decreased by -0.40% in one year.

Current Share Class 484.12M
Shares Outstanding 484.12M
Shares Change (YoY) -0.40%
Shares Change (QoQ) -1.01%
Owned by Insiders (%) 0.08%
Owned by Institutions (%) 91.98%
Float 483.25M

Valuation Ratios

The trailing PE ratio is 21.00 and the forward PE ratio is 17.05. MRSH's PEG ratio is 2.59.

PE Ratio 21.00
Forward PE 17.05
PS Ratio 3.18
Forward PS 2.97
PB Ratio 5.76
P/TBV Ratio n/a
P/FCF Ratio 17.15
P/OCF Ratio 16.21
PEG Ratio 2.59
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.35, with an EV/FCF ratio of 20.90.

EV / Earnings 25.12
EV / Sales 3.87
EV / EBITDA 13.35
EV / EBIT 15.10
EV / FCF 20.90

Financial Position

The company has a current ratio of 1.10, with a Debt / Equity ratio of 1.40.

Current Ratio 1.10
Quick Ratio 0.52
Debt / Equity 1.40
Debt / EBITDA 2.58
Debt / FCF 4.29
Interest Coverage 7.21

Financial Efficiency

Return on equity (ROE) is 29.35% and return on invested capital (ROIC) is 15.48%.

Return on Equity (ROE) 29.35%
Return on Assets (ROA) 7.51%
Return on Invested Capital (ROIC) 15.48%
Return on Capital Employed (ROCE) 18.38%
Weighted Average Cost of Capital (WACC) 7.33%
Revenue Per Employee $284,011
Profits Per Employee $43,789
Employee Count95,000
Asset Turnover 0.47
Inventory Turnover n/a

Taxes

In the past 12 months, MRSH has paid $1.31 billion in taxes.

Income Tax 1.31B
Effective Tax Rate 23.56%

Stock Price Statistics

The stock price has decreased by -22.77% in the last 52 weeks. The beta is 0.74, so MRSH's price volatility has been lower than the market average.

Beta (5Y) 0.74
52-Week Price Change -22.77%
50-Day Moving Average 183.06
200-Day Moving Average 199.03
Relative Strength Index (RSI) 45.11
Average Volume (20 Days) 3,422,465

Short Selling Information

The latest short interest is 6.94 million, so 1.43% of the outstanding shares have been sold short.

Short Interest 6.94M
Short Previous Month 4.96M
Short % of Shares Out 1.43%
Short % of Float 1.44%
Short Ratio (days to cover) 2.63

Income Statement

In the last 12 months, MRSH had revenue of $26.98 billion and earned $4.16 billion in profits. Earnings per share was $8.43.

Revenue26.98B
Gross Profit 11.77B
Operating Income 6.92B
Pretax Income 5.54B
Net Income 4.16B
EBITDA 7.83B
EBIT 6.92B
Earnings Per Share (EPS) $8.43
Full Income Statement

Balance Sheet

The company has $2.69 billion in cash and $21.45 billion in debt, with a net cash position of -$18.76 billion or -$38.75 per share.

Cash & Cash Equivalents 2.69B
Total Debt 21.45B
Net Cash -18.76B
Net Cash Per Share -$38.75
Equity (Book Value) 15.32B
Book Value Per Share 31.14
Working Capital 2.14B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $5.29 billion and capital expenditures -$291.00 million, giving a free cash flow of $5.00 billion.

Operating Cash Flow 5.29B
Capital Expenditures -291.00M
Free Cash Flow 5.00B
FCF Per Share $10.33
Full Cash Flow Statement

Margins

Gross margin is 43.63%, with operating and profit margins of 25.65% and 15.42%.

Gross Margin 43.63%
Operating Margin 25.65%
Pretax Margin 20.53%
Profit Margin 15.42%
EBITDA Margin 29.02%
EBIT Margin 25.65%
FCF Margin 18.54%

Dividends & Yields

This stock pays an annual dividend of $3.60, which amounts to a dividend yield of 2.03%.

Dividend Per Share $3.60
Dividend Yield 2.03%
Dividend Growth (YoY) 11.41%
Years of Dividend Growth 16
Payout Ratio 41.70%
Buyback Yield 0.40%
Shareholder Yield 2.43%
Earnings Yield 4.85%
FCF Yield 5.83%
Dividend Details

Analyst Forecast

The average price target for MRSH is $206.57, which is 16.71% higher than the current price. The consensus rating is "Buy".

Price Target $206.57
Price Target Difference 16.71%
Analyst Consensus Buy
Analyst Count 7
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
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

MRSH has an Altman Z-Score of 2.99 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.99
Piotroski F-Score 6