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MRSH US​
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  • Home
  • AI Agent
  • Annotations
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  • Pricing and plans
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  • Get the full experience

    We save the real magic for signed-in users.

MRSH US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Marsh & McLennan Companies, Inc.(MRSH US)

$204.83+0.460.23%(Market Open · 16:11:09 UTC)
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Doc SearchProfileEntity StructureEDINET FilingsFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Marsh & McLennan Companies, Inc.(MRSH US)

$204.83+0.460.23%(Market Open · 16:11:09 UTC)
Ask AI
Doc SearchProfileEntity StructureEDINET FilingsFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings
EDINET Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees
EDINET Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Marsh & McLennan Companies, Inc. — Company Profile

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands. These include Marsh, renowned for its insurance brokerage services; Guy Carpenter, a specialist in risk and reinsurance; Mercer, which provides comprehensive human resources and investment-related financial advice; and Oliver Wyman Group, an influential management and economic consultancy. Marsh & McLennan structures its operations into two core business segments. The "Risk and Insurance Services" division encompasses activities such as risk management, along with comprehensive insurance and reinsurance brokerage and services. The "Consulting" division offers a broad spectrum of services, including health, retirement, talent, and investment consulting, as well as specialized advice in management, economics, and brand strategy. The Risk and Insurance Services segment's operations are primarily conducted through Marsh and Guy Carpenter, while Mercer and Oliver Wyman Group are the key contributors to the Consulting segment's offerings.

Sector
Financials
Industry
Insurance
Exchange
UN
CEO
John Q. Doyle
Headquarters
New York City, NY, US
IPO Date
Dec 30, 1987
Employees
95,000
Website
www.corporate.marsh.com

Key Metrics

Price
$170.06
Market Cap
$81.15B
Revenue (TTM)
$7.60B
Net Income (TTM)
$1.15B
EPS (TTM)
2.37
P/E (TTM)
20.68
P/B (TTM)
5.57
Dividend Yield
2.08%
ROE (TTM)
7.87%
ROA (TTM)
1.96%
Operating Margin
23.09%
Beta
-0.15

Dividends

Last Dividend
$0.90
Last Yield
0.02%

Summary

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands. These include Marsh, renowned for its insurance brokerage services; Guy Carpenter, a specialist in risk and reinsurance; Mercer, which provides comprehensive human resources and investment-related financial advice; and Oliver Wyman Group, an influential management and economic consultancy. Marsh & McLennan structures its operations into two core business segments. The "Risk and Insurance Services" division encompasses activities such as risk management, along with comprehensive insurance and reinsurance brokerage and services. The "Consulting" division offers a broad spectrum of services, including health, retirement, talent, and investment consulting, as well as specialized advice in management, economics, and brand strategy. The Risk and Insurance Services segment's operations are primarily conducted through Marsh and Guy Carpenter, while Mercer and Oliver Wyman Group are the key contributors to the Consulting segment's offerings.

Website
www.corporate.marsh.com
Location
New York City, NY, US
Phone212 345 5000
Employees95,000
CEOJohn Q. Doyle
Sector
Financials
Industry
Insurance
IPO DateDec 30, 1987

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(3K)

Expand
  • Form 4Beswick Paul9 Nov
  • Form 144Beswick Paul5 Nov
  • Form 4Tomlinson Patrick4 Nov
  • CERTCERT28 Oct
  • 8-A12BRegistration of securities (Section 12(b))27 Oct
  • 8-KOther Events27 Oct
  • Form 4Klisura Dean Michael26 Oct
  • Form 4Mills Stacy26 Oct
  • Form 144Mills Stacy23 Oct
  • Form 144Klisura Dean Michael23 Oct
  • 424B2Prospectus filing (Rule 424(b)(2))22 Oct
  • FWPFree writing prospectus20 Oct
  • 424B2Prospectus filing (Rule 424(b)(2))19 Oct
  • 10-QQ3ended 30 Sept 202615 Oct
  • 8-KPRESS RELEASE SEPTEMBER 30, 202615 Oct
  • 25-NSENotification of removal from listing21 Sep
  • Form 4Brennan Katherine3 Sep
  • Form 4Doyle John Q3 Sep
  • Form 144Brennan Katherine2 Sep
  • Form 144Doyle John Q2 Sep

EDINET Filings(20)

Expand
  • PRSSecurities registration statement31 Aug
  • IRSemi-Annual Report (2026.01.01-2026.12.31)31 Aug
  • IRExtraordinary Report8 Jul
  • 10-KAnnual Securities Report (2025.01.01-2025.12.31)30 Apr
  • PRSSecurities registration statement8 Sep 2025
  • IRSemi-Annual Report (2025.01.01-2025.12.31)7 Sep 2025
  • 10-KAnnual Securities Report (2024.01.01-2024.12.31)30 Apr 2025
  • IRExtraordinary Report3 Apr 2025
  • PRSSecurities registration statement9 Sep 2024
  • IRSemi-Annual Report (2024.01.01-2024.12.31)8 Sep 2024
  • 10-KAnnual Securities Report (2023.01.01-2023.12.31)30 Apr 2024
  • IRExtraordinary Report28 Mar 2024
  • 10-KAnnual Securities Report (2021.01.01-2021.12.31)28 Apr 2022
  • PRSSecurities registration statement16 Sep 2021
  • 10-KAnnual Securities Report (2020.01.01-2020.12.31)29 Apr 2021
  • 10-KAnnual Securities Report (2019.01.01-2019.12.31)30 Apr 2020
  • 10-KAnnual Securities Report (2018.01.01-2018.12.31)25 Apr 2019
  • 10-KAnnual Securities Report (2017.01.01-2017.12.31)27 Apr 2018
  • 10-KAnnual Securities Report (2016.01.01-2016.12.31)28 Apr 2017
  • 10-KAnnual Securities Report (2015.01.01-2015.12.31)28 Apr 2016

News

  • Can Marsh Sustain Consulting Momentum Despite an Expected Q4 Slowdown?09:40AM
  • Marsh Unveils BrightPath Retirement Solution With $116B in AUM4 Nov
  • Marsh Completes Acquisition of AltamarCAM4 Nov
  • Introducing Marsh BrightPath, a New Approach to Global Retirement Management3 Nov
  • MRSH DCF Analysis: Intrinsic Value $189 vs Price $19527 Oct
  • Marsh & McLennan Companies (NYSE:MRSH) VP Stacy Mills Sells 1,215 Shares of Company Stock27 Oct
  • Marsh & McLennan Companies (NYSE:MRSH) CEO Dean Michael Klisura Sells 4,194 Shares of Stock27 Oct
  • Can Marsh's Expanded Thrive Program Drive Margin Growth?26 Oct
  • Marsh (MRSH) Stock Up 4.6% and Still Undervalued -- GF Score: 82/10022 Oct
  • Marsh & McLennan Companies, Inc. $MRSH Stock Sold by Assenagon Asset Management S.A.22 Oct
  • Marsh Announces Pricing of €1.2 Billion Senior Notes Offering20 Oct
  • Marsh Stocks Rise 5.40% With JPMorgan's $218 Target in Focus20 Oct
  • Aging Populations Are Straining Retirement Systems Worldwide, According to the 2026 Marsh CFA Institute Global Pension Index20 Oct
  • Marsh & McLennan: 3 Key Takeaways for Long-Term Investors19 Oct
  • Frank Rimerman Advisors LLC Acquires 3,010 Shares of Marsh & McLennan Companies, Inc. $MRSH19 Oct
  • Marsh & McLennan Companies, Inc. $MRSH Holdings Decreased by Birch Hill Investment Advisors LLC18 Oct
  • Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Banque Pictet & Cie SA17 Oct
  • Marsh & McLennan: Challenging Operating Environment Likely To Persist Ahead16 Oct
  • Marsh Q3 Earnings Beat Estimates on Consulting Growth Despite Higher Costs15 Oct
  • Marsh & McLennan Companies, Inc. (MRSH) Q3 2026 Earnings Call Transcript15 Oct

Mentions in Filings

  • … rom 2015 to early 2019, where she previously served as a partner and chief administrative officer from 2007 to 2014. Previously, Ms. Wijnberg served as the senior vice president and chief financial officer of <strong>Marsh & McLennan Companies, Inc.</strong>, and was treasurer and interim chief financial officer of YUM! Brands, Inc. Prior to that, she held financial positions with PepsiCo, Inc., and worked in investment banking at Morgan Stanley. In addition, fro …
    T. Rowe Price Exchange-Traded Funds, Inc.Marsh & McLennan Companies, Inc.·485APOS - Post-effective amendment (open-end investment companies)·Q4 26·11:00AM
  • … lty Holdings, Inc.; The Baldwin Insurance Group, Inc.; and TWFG, Inc. Reflects average multiple. 3. Diversified Insurance Brokers Index is comprised of Aon plc; Arthur J. Gallagher & Co.; Brown & Brown, Inc.; <strong>Marsh & McLennan Companies, Inc.</strong>; and Willis Towers Watson Public Limited Company. Reflects average multiple. 4. Specialty Carriers Index is comprised of Bowhead Specialty Holdings Inc.; Kinsale Capital Group, Inc.; Palomar Holdings, Inc.; R …
    Accelerant HoldingsMarsh & McLennan Companies, Inc.·EX-99.(C)(II) - SC 13E3 - EXHIBIT (C)(II)·Q4 26·30 Oct
  • … ​ • Ryan Specialty Holdings, Inc. ​ • The Baldwin Insurance Group, Inc. ​ • TWFG, Inc. ​ Diversified Insurance Brokers: • Aon plc ​ • Arthur J. Gallagher & Co. ​ • Brown & Brown, Inc. ​ • <strong>Marsh & McLennan Companies, Inc.</strong> ​ • Willis Towers Watson Public Limited Company ​ Specialty Carriers: • Bowhead Specialty Holdings Inc. ​ • Kinsale Capital Group, Inc. ​ • Palomar Holdings, Inc. ​ • RLI Corp. ​ • Skyward …
    Accelerant HoldingsMarsh & McLennan Companies, Inc.·PREM14A - Preliminary proxy statement (merger)·Q4 26·30 Oct
  • … rp (NYSE: WRB) 105 --- TABLE OF CONTENTS from October 2021 to September 2022. From May 2015 to until April 2019, Mr. Mulcahey served as Controller of JLT Specialty USA (“JLT”). Following JLT’s acquisition by <strong>Marsh & McLennan Companies</strong> (NYSE: MMC), Mr. Mulcahey served as a Senior Vice President, Finance with Marsh until September 2021. Prior to joining JLT, Mr. Mulcahey held various finance roles at Aon PLC (NYSE: AON) starting in 2002. Mr. Mu …
    Bowhead Specialty Holdings Inc.Marsh & McLennan Companies, Inc.·DEFM14A - Definitive proxy statement (merger)·Q4 26·14 Oct
  • … rp (NYSE: WRB) 105 --- TABLE OF CONTENTS from October 2021 to September 2022. From May 2015 to until April 2019, Mr. Mulcahey served as Controller of JLT Specialty USA (“JLT”). Following JLT’s acquisition by <strong>Marsh & McLennan Companies</strong> (NYSE: MMC), Mr. Mulcahey served as a Senior Vice President, Finance with Marsh until September 2021. Prior to joining JLT, Mr. Mulcahey held various finance roles at Aon PLC (NYSE: AON) starting in 2002. Mr. Mu …
    Bowhead Specialty Holdings Inc.Marsh & McLennan Companies, Inc.·PRER14A - Preliminary proxy statement (revision)·Q4 26·5 Oct
  • … Anheuser-Busch InBev and Etsy Inc. Prior to that, Mr. Burns served on the board of directors of Cisco Systems Inc. from 2003 to December 2023. Mr. Burns's key career roles include Chief Executive Officer of the <strong>Marsh & McLennan Companies</strong> Inc. (“MMC”)-funded Center for Retirement Policy (a center focused on retirement-related public policy issues) (October 2011 to February 2014), Chairman and Chief Executive Officer of Mercer LLC, a subsidiary of …
    ゴールドマン・サックス・インターナショナルMarsh & McLennan Companies, Inc.·Annual Report - Annual Securities Report (2025.01.01-2025.12.31)·26 Jun·26 Jun

Key Stats

Trading

Px/Chg 1D$170.06 / -1.04%
Avg Volume2.96M
Beta-0.15
Mkt Cap81.15B
FD Mkt Cap90.94B

Float

Shrs Out/Float477.21M / 476.72M
Short Float0.01%
Days to Cover2.31
Stock Repurchased$755.00M

Current Valuation

EV102.23B
EV/EBITDA15.31
EV/Sales3.72
P/B5.57
P/S2.95
FCF Yield-0.92%
ROE7.87%
ROA1.96%
Current Ratio11.46

Dividend

Cash$0.90
Yield2.08%
Yield (TTM)2.08%

Estimates

P/E20.68
Est P/E0.00
Est EPS3.22
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings51.4028.4025.9928.03103.7570.82
Price / Sales7.344.184.294.6512.9210.68
Price / Book Value7.208.238.018.535.645.57
Price / Free Cash Flow3.2228.9225.4128.5541.43-108.21
ENTERPRISE VALUE METRICS
Enterprise Value109,719.698,865.4109,881.3133,466.4104,153.3102,231.5
Enterprise Value / Sales8.864.774.835.4615.7913.46
Enterprise Value / EBITDA37.8618.7617.3919.2769.2064.66
Enterprise Value / EBIT44.1421.7219.6121.6081.5676.24

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue8%19,820.020,720.022,736.024,458.026,981.0
Gross Income8%8,395.08,649.09,637.010,462.011,404.0
EBITDA8.2%5,399.05,270.06,317.06,926.07,395.0
EBIT8.7%4,652.04,551.05,604.06,180.06,485.0
Net Income7.3%3,143.03,050.03,756.04,060.04,160.0
EPS (Diluted)8.3%6.136.047.538.188.43
BALANCE SHEET
Cash & ST Inv11.3%1,752.01,442.03,358.02,398.02,687.0
Total Assets14.3%34,388.044,114.048,030.056,481.058,710.0
Total Liabilities17%23,166.033,365.035,660.042,946.043,395.0
Total Shareholder Equity8.2%11,009.010,520.012,191.013,342.015,100.0
CASH FLOW
Net Operating Cash Flow10.8%3,516.03,465.04,258.04,302.05,292.0
Cap Ex-8%-406.0-470.0-416.0-316.0-291.0
Free Cash Flow12.6%3,110.02,995.03,842.03,986.05,001.0

Enterprise Value Bridge

Millions USD10 Nov '26
Price (As of 10 Nov '26)204.39
Basic Shares477.21
Market Cap97,534.8
Diluted Shares479.00
Fully Diluted Shares Outstanding479.00
Fully Diluted Market Cap97,900.4
+Consolidated Debt22,332.0
−In-the-Money Convertible Debt—
+Capital Leases1,799.0
+Operating Leases—
−Cash & Equivalents-1,842.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest235.0
+Pension Liabilities—
Enterprise Value118,259.8

Segment data

Revenue

by Products and services

  • Marsh Insurance Group72%
  • Mercer Consulting Group14%
  • Oliver Wyman Group Consulting Group8%
  • Guy Carpenter Reinsurance Group6%

Revenue

by Geography

  • United States49%
  • Other Geographic Areas37%
  • United Kingdom14%

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Marsh & McLennan Companies, Inc. — Company Profile

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands. These include Marsh, renowned for its insurance brokerage services; Guy Carpenter, a specialist in risk and reinsurance; Mercer, which provides comprehensive human resources and investment-related financial advice; and Oliver Wyman Group, an influential management and economic consultancy. Marsh & McLennan structures its operations into two core business segments. The "Risk and Insurance Services" division encompasses activities such as risk management, along with comprehensive insurance and reinsurance brokerage and services. The "Consulting" division offers a broad spectrum of services, including health, retirement, talent, and investment consulting, as well as specialized advice in management, economics, and brand strategy. The Risk and Insurance Services segment's operations are primarily conducted through Marsh and Guy Carpenter, while Mercer and Oliver Wyman Group are the key contributors to the Consulting segment's offerings.

Sector
Financials
Industry
Insurance
Exchange
UN
CEO
John Q. Doyle
Headquarters
New York City, NY, US
IPO Date
Dec 30, 1987
Employees
95,000
Website
www.corporate.marsh.com

Key Metrics

Price
$170.06
Market Cap
$81.15B
Revenue (TTM)
$7.60B
Net Income (TTM)
$1.15B
EPS (TTM)
2.37
P/E (TTM)
20.68
P/B (TTM)
5.57
Dividend Yield
2.08%
ROE (TTM)
7.87%
ROA (TTM)
1.96%
Operating Margin
23.09%
Beta
-0.15

Dividends

Last Dividend
$0.90
Last Yield
0.02%

Summary

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands. These include Marsh, renowned for its insurance brokerage services; Guy Carpenter, a specialist in risk and reinsurance; Mercer, which provides comprehensive human resources and investment-related financial advice; and Oliver Wyman Group, an influential management and economic consultancy. Marsh & McLennan structures its operations into two core business segments. The "Risk and Insurance Services" division encompasses activities such as risk management, along with comprehensive insurance and reinsurance brokerage and services. The "Consulting" division offers a broad spectrum of services, including health, retirement, talent, and investment consulting, as well as specialized advice in management, economics, and brand strategy. The Risk and Insurance Services segment's operations are primarily conducted through Marsh and Guy Carpenter, while Mercer and Oliver Wyman Group are the key contributors to the Consulting segment's offerings.

Website
www.corporate.marsh.com
Location
New York City, NY, US
Phone212 345 5000
Employees95,000
CEOJohn Q. Doyle
Sector
Financials
Industry
Insurance
IPO DateDec 30, 1987

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(3K)

Expand
  • Form 4Beswick Paul9 Nov
  • Form 144Beswick Paul5 Nov
  • Form 4Tomlinson Patrick4 Nov
  • CERTCERT28 Oct
  • 8-A12BRegistration of securities (Section 12(b))27 Oct
  • 8-KOther Events27 Oct
  • Form 4Klisura Dean Michael26 Oct
  • Form 4Mills Stacy26 Oct
  • Form 144Mills Stacy23 Oct
  • Form 144Klisura Dean Michael23 Oct
  • 424B2Prospectus filing (Rule 424(b)(2))22 Oct
  • FWPFree writing prospectus20 Oct
  • 424B2Prospectus filing (Rule 424(b)(2))19 Oct
  • 10-QQ3ended 30 Sept 202615 Oct
  • 8-KPRESS RELEASE SEPTEMBER 30, 202615 Oct
  • 25-NSENotification of removal from listing21 Sep
  • Form 4Brennan Katherine3 Sep
  • Form 4Doyle John Q3 Sep
  • Form 144Brennan Katherine2 Sep
  • Form 144Doyle John Q2 Sep

EDINET Filings(20)

Expand
  • PRSSecurities registration statement31 Aug
  • IRSemi-Annual Report (2026.01.01-2026.12.31)31 Aug
  • IRExtraordinary Report8 Jul
  • 10-KAnnual Securities Report (2025.01.01-2025.12.31)30 Apr
  • PRSSecurities registration statement8 Sep 2025
  • IRSemi-Annual Report (2025.01.01-2025.12.31)7 Sep 2025
  • 10-KAnnual Securities Report (2024.01.01-2024.12.31)30 Apr 2025
  • IRExtraordinary Report3 Apr 2025
  • PRSSecurities registration statement9 Sep 2024
  • IRSemi-Annual Report (2024.01.01-2024.12.31)8 Sep 2024
  • 10-KAnnual Securities Report (2023.01.01-2023.12.31)30 Apr 2024
  • IRExtraordinary Report28 Mar 2024
  • 10-KAnnual Securities Report (2021.01.01-2021.12.31)28 Apr 2022
  • PRSSecurities registration statement16 Sep 2021
  • 10-KAnnual Securities Report (2020.01.01-2020.12.31)29 Apr 2021
  • 10-KAnnual Securities Report (2019.01.01-2019.12.31)30 Apr 2020
  • 10-KAnnual Securities Report (2018.01.01-2018.12.31)25 Apr 2019
  • 10-KAnnual Securities Report (2017.01.01-2017.12.31)27 Apr 2018
  • 10-KAnnual Securities Report (2016.01.01-2016.12.31)28 Apr 2017
  • 10-KAnnual Securities Report (2015.01.01-2015.12.31)28 Apr 2016

News

  • Can Marsh Sustain Consulting Momentum Despite an Expected Q4 Slowdown?09:40AM
  • Marsh Unveils BrightPath Retirement Solution With $116B in AUM4 Nov
  • Marsh Completes Acquisition of AltamarCAM4 Nov
  • Introducing Marsh BrightPath, a New Approach to Global Retirement Management3 Nov
  • MRSH DCF Analysis: Intrinsic Value $189 vs Price $19527 Oct
  • Marsh & McLennan Companies (NYSE:MRSH) VP Stacy Mills Sells 1,215 Shares of Company Stock27 Oct
  • Marsh & McLennan Companies (NYSE:MRSH) CEO Dean Michael Klisura Sells 4,194 Shares of Stock27 Oct
  • Can Marsh's Expanded Thrive Program Drive Margin Growth?26 Oct
  • Marsh (MRSH) Stock Up 4.6% and Still Undervalued -- GF Score: 82/10022 Oct
  • Marsh & McLennan Companies, Inc. $MRSH Stock Sold by Assenagon Asset Management S.A.22 Oct
  • Marsh Announces Pricing of €1.2 Billion Senior Notes Offering20 Oct
  • Marsh Stocks Rise 5.40% With JPMorgan's $218 Target in Focus20 Oct
  • Aging Populations Are Straining Retirement Systems Worldwide, According to the 2026 Marsh CFA Institute Global Pension Index20 Oct
  • Marsh & McLennan: 3 Key Takeaways for Long-Term Investors19 Oct
  • Frank Rimerman Advisors LLC Acquires 3,010 Shares of Marsh & McLennan Companies, Inc. $MRSH19 Oct
  • Marsh & McLennan Companies, Inc. $MRSH Holdings Decreased by Birch Hill Investment Advisors LLC18 Oct
  • Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Banque Pictet & Cie SA17 Oct
  • Marsh & McLennan: Challenging Operating Environment Likely To Persist Ahead16 Oct
  • Marsh Q3 Earnings Beat Estimates on Consulting Growth Despite Higher Costs15 Oct
  • Marsh & McLennan Companies, Inc. (MRSH) Q3 2026 Earnings Call Transcript15 Oct

Mentions in Filings

  • … rom 2015 to early 2019, where she previously served as a partner and chief administrative officer from 2007 to 2014. Previously, Ms. Wijnberg served as the senior vice president and chief financial officer of <strong>Marsh & McLennan Companies, Inc.</strong>, and was treasurer and interim chief financial officer of YUM! Brands, Inc. Prior to that, she held financial positions with PepsiCo, Inc., and worked in investment banking at Morgan Stanley. In addition, fro …
    T. Rowe Price Exchange-Traded Funds, Inc.Marsh & McLennan Companies, Inc.·485APOS - Post-effective amendment (open-end investment companies)·Q4 26·11:00AM
  • … lty Holdings, Inc.; The Baldwin Insurance Group, Inc.; and TWFG, Inc. Reflects average multiple. 3. Diversified Insurance Brokers Index is comprised of Aon plc; Arthur J. Gallagher & Co.; Brown & Brown, Inc.; <strong>Marsh & McLennan Companies, Inc.</strong>; and Willis Towers Watson Public Limited Company. Reflects average multiple. 4. Specialty Carriers Index is comprised of Bowhead Specialty Holdings Inc.; Kinsale Capital Group, Inc.; Palomar Holdings, Inc.; R …
    Accelerant HoldingsMarsh & McLennan Companies, Inc.·EX-99.(C)(II) - SC 13E3 - EXHIBIT (C)(II)·Q4 26·30 Oct
  • … ​ • Ryan Specialty Holdings, Inc. ​ • The Baldwin Insurance Group, Inc. ​ • TWFG, Inc. ​ Diversified Insurance Brokers: • Aon plc ​ • Arthur J. Gallagher & Co. ​ • Brown & Brown, Inc. ​ • <strong>Marsh & McLennan Companies, Inc.</strong> ​ • Willis Towers Watson Public Limited Company ​ Specialty Carriers: • Bowhead Specialty Holdings Inc. ​ • Kinsale Capital Group, Inc. ​ • Palomar Holdings, Inc. ​ • RLI Corp. ​ • Skyward …
    Accelerant HoldingsMarsh & McLennan Companies, Inc.·PREM14A - Preliminary proxy statement (merger)·Q4 26·30 Oct
  • … rp (NYSE: WRB) 105 --- TABLE OF CONTENTS from October 2021 to September 2022. From May 2015 to until April 2019, Mr. Mulcahey served as Controller of JLT Specialty USA (“JLT”). Following JLT’s acquisition by <strong>Marsh & McLennan Companies</strong> (NYSE: MMC), Mr. Mulcahey served as a Senior Vice President, Finance with Marsh until September 2021. Prior to joining JLT, Mr. Mulcahey held various finance roles at Aon PLC (NYSE: AON) starting in 2002. Mr. Mu …
    Bowhead Specialty Holdings Inc.Marsh & McLennan Companies, Inc.·DEFM14A - Definitive proxy statement (merger)·Q4 26·14 Oct
  • … rp (NYSE: WRB) 105 --- TABLE OF CONTENTS from October 2021 to September 2022. From May 2015 to until April 2019, Mr. Mulcahey served as Controller of JLT Specialty USA (“JLT”). Following JLT’s acquisition by <strong>Marsh & McLennan Companies</strong> (NYSE: MMC), Mr. Mulcahey served as a Senior Vice President, Finance with Marsh until September 2021. Prior to joining JLT, Mr. Mulcahey held various finance roles at Aon PLC (NYSE: AON) starting in 2002. Mr. Mu …
    Bowhead Specialty Holdings Inc.Marsh & McLennan Companies, Inc.·PRER14A - Preliminary proxy statement (revision)·Q4 26·5 Oct
  • … Anheuser-Busch InBev and Etsy Inc. Prior to that, Mr. Burns served on the board of directors of Cisco Systems Inc. from 2003 to December 2023. Mr. Burns's key career roles include Chief Executive Officer of the <strong>Marsh & McLennan Companies</strong> Inc. (“MMC”)-funded Center for Retirement Policy (a center focused on retirement-related public policy issues) (October 2011 to February 2014), Chairman and Chief Executive Officer of Mercer LLC, a subsidiary of …
    ゴールドマン・サックス・インターナショナルMarsh & McLennan Companies, Inc.·Annual Report - Annual Securities Report (2025.01.01-2025.12.31)·26 Jun·26 Jun

Key Stats

Trading

Px/Chg 1D$170.06 / -1.04%
Avg Volume2.96M
Beta-0.15
Mkt Cap81.15B
FD Mkt Cap90.94B

Float

Shrs Out/Float477.21M / 476.72M
Short Float0.01%
Days to Cover2.31
Stock Repurchased$755.00M

Current Valuation

EV102.23B
EV/EBITDA15.31
EV/Sales3.72
P/B5.57
P/S2.95
FCF Yield-0.92%
ROE7.87%
ROA1.96%
Current Ratio11.46

Dividend

Cash$0.90
Yield2.08%
Yield (TTM)2.08%

Estimates

P/E20.68
Est P/E0.00
Est EPS3.22
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings51.4028.4025.9928.03103.7570.82
Price / Sales7.344.184.294.6512.9210.68
Price / Book Value7.208.238.018.535.645.57
Price / Free Cash Flow3.2228.9225.4128.5541.43-108.21
ENTERPRISE VALUE METRICS
Enterprise Value109,719.698,865.4109,881.3133,466.4104,153.3102,231.5
Enterprise Value / Sales8.864.774.835.4615.7913.46
Enterprise Value / EBITDA37.8618.7617.3919.2769.2064.66
Enterprise Value / EBIT44.1421.7219.6121.6081.5676.24

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue8%19,820.020,720.022,736.024,458.026,981.0
Gross Income8%8,395.08,649.09,637.010,462.011,404.0
EBITDA8.2%5,399.05,270.06,317.06,926.07,395.0
EBIT8.7%4,652.04,551.05,604.06,180.06,485.0
Net Income7.3%3,143.03,050.03,756.04,060.04,160.0
EPS (Diluted)8.3%6.136.047.538.188.43
BALANCE SHEET
Cash & ST Inv11.3%1,752.01,442.03,358.02,398.02,687.0
Total Assets14.3%34,388.044,114.048,030.056,481.058,710.0
Total Liabilities17%23,166.033,365.035,660.042,946.043,395.0
Total Shareholder Equity8.2%11,009.010,520.012,191.013,342.015,100.0
CASH FLOW
Net Operating Cash Flow10.8%3,516.03,465.04,258.04,302.05,292.0
Cap Ex-8%-406.0-470.0-416.0-316.0-291.0
Free Cash Flow12.6%3,110.02,995.03,842.03,986.05,001.0

Enterprise Value Bridge

Millions USD10 Nov '26
Price (As of 10 Nov '26)204.39
Basic Shares477.21
Market Cap97,534.8
Diluted Shares479.00
Fully Diluted Shares Outstanding479.00
Fully Diluted Market Cap97,900.4
+Consolidated Debt22,332.0
−In-the-Money Convertible Debt—
+Capital Leases1,799.0
+Operating Leases—
−Cash & Equivalents-1,842.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest235.0
+Pension Liabilities—
Enterprise Value118,259.8

Segment data

Revenue

by Products and services

  • Marsh Insurance Group72%
  • Mercer Consulting Group14%
  • Oliver Wyman Group Consulting Group8%
  • Guy Carpenter Reinsurance Group6%

Revenue

by Geography

  • United States49%
  • Other Geographic Areas37%
  • United Kingdom14%

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