Marsh & McLennan Companies, Inc. (MRSH)
NYSE: MRSH · Real-Time Price · USD
170.10
-3.91 (-2.25%)
At close: Apr 24, 2026, 4:00 PM EDT
172.14
+2.04 (1.20%)
After-hours: Apr 24, 2026, 7:56 PM EDT

MRSH Statistics

Total Valuation

MRSH has a market cap or net worth of $81.95 billion. The enterprise value is $102.79 billion.

Market Cap81.95B
Enterprise Value 102.79B

Important Dates

The last earnings date was Thursday, April 16, 2026, before market open.

Earnings Date Apr 16, 2026
Ex-Dividend Date Apr 9, 2026

Share Statistics

MRSH has 481.79 million shares outstanding. The number of shares has decreased by -0.76% in one year.

Current Share Class 481.79M
Shares Outstanding 481.79M
Shares Change (YoY) -0.76%
Shares Change (QoQ) -0.82%
Owned by Insiders (%) 0.10%
Owned by Institutions (%) 92.47%
Float 480.84M

Valuation Ratios

The trailing PE ratio is 21.28 and the forward PE ratio is 15.96. MRSH's PEG ratio is 2.41.

PE Ratio 21.28
Forward PE 15.96
PS Ratio 2.98
Forward PS 2.84
PB Ratio 5.63
P/TBV Ratio n/a
P/FCF Ratio 16.63
P/OCF Ratio 15.68
PEG Ratio 2.41
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.47, with an EV/FCF ratio of 20.86.

EV / Earnings 26.19
EV / Sales 3.74
EV / EBITDA 13.47
EV / EBIT 15.29
EV / FCF 20.86

Financial Position

The company has a current ratio of 1.11, with a Debt / Equity ratio of 1.52.

Current Ratio 1.11
Quick Ratio 0.51
Debt / Equity 1.52
Debt / EBITDA 2.77
Debt / FCF 4.56
Interest Coverage 7.04

Financial Efficiency

Return on equity (ROE) is 27.57% and return on invested capital (ROIC) is 14.60%.

Return on Equity (ROE) 27.57%
Return on Assets (ROA) 7.27%
Return on Invested Capital (ROIC) 14.60%
Return on Capital Employed (ROCE) 17.86%
Weighted Average Cost of Capital (WACC) 7.27%
Revenue Per Employee $289,653
Profits Per Employee $41,316
Employee Count95,000
Asset Turnover 0.48
Inventory Turnover n/a

Taxes

In the past 12 months, MRSH has paid $1.29 billion in taxes.

Income Tax 1.29B
Effective Tax Rate 24.28%

Stock Price Statistics

The stock price has decreased by -22.34% in the last 52 weeks. The beta is 0.75, so MRSH's price volatility has been lower than the market average.

Beta (5Y) 0.75
52-Week Price Change -22.34%
50-Day Moving Average 176.07
200-Day Moving Average 188.85
Relative Strength Index (RSI) 43.99
Average Volume (20 Days) 3,091,816

Short Selling Information

The latest short interest is 5.67 million, so 1.18% of the outstanding shares have been sold short.

Short Interest 5.67M
Short Previous Month 5.25M
Short % of Shares Out 1.18%
Short % of Float 1.18%
Short Ratio (days to cover) 1.76

Income Statement

In the last 12 months, MRSH had revenue of $27.52 billion and earned $3.93 billion in profits. Earnings per share was $7.99.

Revenue27.52B
Gross Profit 12.07B
Operating Income 6.72B
Pretax Income 5.29B
Net Income 3.93B
EBITDA 7.63B
EBIT 6.72B
Earnings Per Share (EPS) $7.99
Full Income Statement

Balance Sheet

The company has $1.61 billion in cash and $22.45 billion in debt, with a net cash position of -$20.84 billion or -$43.25 per share.

Cash & Cash Equivalents 1.61B
Total Debt 22.45B
Net Cash -20.84B
Net Cash Per Share -$43.25
Equity (Book Value) 14.81B
Book Value Per Share 30.22
Working Capital 2.33B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $5.23 billion and capital expenditures -$298.00 million, giving a free cash flow of $4.93 billion.

Operating Cash Flow 5.23B
Capital Expenditures -298.00M
Depreciation & Amortization 910.00M
Net Borrowing -23.00M
Free Cash Flow 4.93B
FCF Per Share $10.23
Full Cash Flow Statement

Margins

Gross margin is 43.85%, with operating and profit margins of 24.43% and 14.26%.

Gross Margin 43.85%
Operating Margin 24.43%
Pretax Margin 19.24%
Profit Margin 14.26%
EBITDA Margin 27.74%
EBIT Margin 24.43%
FCF Margin 17.91%

Dividends & Yields

This stock pays an annual dividend of $3.60, which amounts to a dividend yield of 2.12%.

Dividend Per Share $3.60
Dividend Yield 2.12%
Dividend Growth (YoY) 10.43%
Years of Dividend Growth 16
Payout Ratio 45.04%
Buyback Yield 0.76%
Shareholder Yield 2.87%
Earnings Yield 4.79%
FCF Yield 6.01%
Dividend Details

Analyst Forecast

The average price target for MRSH is $199.27, which is 17.15% higher than the current price. The consensus rating is "Hold".

Price Target $199.27
Price Target Difference 17.15%
Analyst Consensus Hold
Analyst Count 11
Revenue Growth Forecast (5Y) 4.04%
EPS Growth Forecast (5Y) 11.96%
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 2.91 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.91
Piotroski F-Score 4