Marsh & McLennan sells insurance brokerage, reinsurance advisory, HR consulting, and management consulting services. Customers are mostly mid-to-large corporations and institutions worldwide. The company earns fees and commissions across four main businesses: Marsh (placing commercial insurance for corporate clients), Guy Carpenter (advising insurers and reinsurers on risk transfer), Mercer (HR, benefits, and investment consulting), and Oliver Wyman (strategy and economic consulting). Revenue is roughly split evenly between the US and international markets.
Employees55,700SIC6411HQ1166 Avenue of the Americas, New York, NY, USA, 10036-2774
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Financials (EUR)
Profitability
Metric
Current
Margins
Gross Margin
42.4%
Operating Margin
21.6%
EBITDA Margin
25.8%
Net Margin
14.2%
OCF Margin
18.1%
FCF Margin
17.0%
Returns on Capital
ROE
26.3%
ROA
6.8%
ROIC
8.8%
ROCE
16.6%
ROC (Greenblatt)
156.5%
3Y ROIIC
11.6%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
23.69
Forward P/E
18.78
P/E ex-NRI
19.84
Shiller P/E (CAPE)
29.81
Cash Flow Multiples
P/FCF
19.93
P/OCF
18.70
P/Owner Earnings
23.50
FCF Yield
5.15%
Enterprise Value Multiples
EV / EBIT
18.11
EV / Forward EBIT
15.72
EV / EBITDA
15.84
EV / Forward EBITDA
13.80
EV / Revenue
4.09
EV / Forward Revenue
4.02
Asset / Sales
P/S
3.38
P/B
6.10
P/Tangible Book
—
Growth-Adjusted
PEG
1.54
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.88%
Forward Dividend Yield
2.05%
3Y Dividend Growth
15.1%
Payout Ratio
0.37
5Y Yield on Cost
3.68%
Buybacks & Dilution
3Y Buyback Ratio
0.70%
5Y Share Change
−3.5%
Combined
Shareholder Yield
2.98%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
1.47
Gross Debt / EBITDA
3.10
Cash / Debt
0.08
Equity / Assets
0.25
Coverage
Interest Coverage
6.28
Short-Term Liquidity
Current Ratio
1.14
Quick Ratio
1.14
Cash Ratio
0.08
Composite Scores
Piotroski F-Score
5
Altman Z-Score
2.79
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-07-23
$0.99
2026-08-14
2026-04-09
$0.9
2026-05-15
2026-01-29
$0.9
2026-02-13
2025-10-02
$0.9
2025-11-14
2025-07-24
$0.9
2025-08-15
2025-04-03
$0.815
2025-05-15
2025-01-30
$0.815
2025-02-14
2024-10-04
$0.815
2024-11-15
2024-07-25
$0.815
2024-08-15
2024-04-03
$0.71
2024-05-15
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Transcript
Type
No transcripts found.
5-Step DuPont Analysis
ROE %
25.54%
×
×
Net Margin %
14.26%
×
×
Operating Margin %
21.64%
Operating Income
€5.20B
÷
Revenue
€24.04B
×
Tax Burden
0.7441
Net Income
€3.43B
÷
Pretax Income
€4.61B
×
Interest Burden
0.8855
Pretax Income
€4.61B
÷
Operating Income
€5.20B
×
Asset Turnover
0.47
÷
Revenue
€24.04B
÷
Average Total Assets
€51.29B
Begin Total Assets
€50.77B
End Total Assets
€51.80B
×
Equity Multiplier
3.82
÷
Avg Total Assets
€51.29B
÷
Avg Stockholders Equity
€13.42B
Begin Equity
€13.67B
End Equity
€13.18B