Marsh

STU : MSN
USA·Financial Services·Insurance·Ordinary Shares
€165.45
+0.70 (+0.46%)Oct 15 close
Market Cap
€80.10B
Enterprise Value
€98.34B
P/E (TTM)
23.43
P/B
6.04
Net Cash / (Debt)
—
52-Week Range
€136 — €172
5-Year Range
€129 — €228
Avg Volume (3M)
94
ListingsSTUWBONYSE

Marsh is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the US.

Employees55,700SIC6411HQ1166 Avenue of the Americas, New York, NY, USA, 10036-2774
to

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)
23.43
Forward P/E
16.98
P/E ex-NRI
19.63
Shiller P/E (CAPE)
29.51
Cash Flow Multiples
P/FCF
19.73
P/OCF
18.51
P/Owner Earnings
23.26
FCF Yield
5.21%
Enterprise Value Multiples
EV / EBIT
18.08
EV / Forward EBIT
14.46
EV / EBITDA
15.82
EV / Forward EBITDA
12.80
EV / Revenue
4.08
EV / Forward Revenue
3.77
Asset / Sales
P/S
3.35
P/B
6.04
P/Tangible Book
—
Growth-Adjusted
PEG
1.52

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
1.91%
Forward Dividend Yield
2.08%
3Y Dividend Growth
15.1%
Payout Ratio
0.37
5Y Yield on Cost
3.93%
Buybacks & Dilution
3Y Buyback Ratio
0.70%
Combined
Shareholder Yield
3.00%

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
2.71

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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Date
Transcript
Type
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5-Step DuPont Analysis

ROE %
25.55%
Net Margin %
14.23%
Operating Margin %
24.29%
Operating Income
€5.83B
÷
Revenue
€23.98B
×
Tax Burden
0.7441
Net Income
€3.41B
÷
Pretax Income
€4.59B
×
Interest Burden
0.7875
Pretax Income
€4.59B
÷
Operating Income
€5.83B
×
Asset Turnover
0.47
Revenue
€23.98B
÷
Average Total Assets
€51.04B
Begin Total Assets
€49.88B
End Total Assets
€52.20B
×
Equity Multiplier
3.82
Avg Total Assets
€51.04B
÷
Avg Stockholders Equity
€13.36B
Begin Equity
€13.43B
End Equity
€13.28B