MARKEL GROUP INC. financials
Source: EDGAR filings · Built 2026-06-02T03:33:55Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 2.55B | 2.34B | 2.53B | 2.45B | 2.13B | 1.64B |
| EBITDA | 3.54B | 4.05B | 3.25B | 216.11M | 3.58B | 1.58B |
| Net Debt | 1.05B | 1.36B | 689.95M | 520.59M | 954.11M | -857.71M |
| Operating Margin | 20.59% | 25.06% | 20.51% | -1.78% | 81.09% | 40.71% |
| Net Margin | 13.58% | 18.54% | 13.98% | -4.13% | 60.62% | 26.08% |
| Return on Equity (ROE) | 11.33% | 16.24% | 13.32% | -1.64% | 16.46% | 6.38% |
| Return on Assets (ROA) | 3.06% | 4.44% | 3.63% | -0.43% | 5.00% | 1.96% |
| Debt-to-Equity | 0.27× | 0.30× | 0.30× | 0.35× | 0.34× | 0.27× |
| Effective Tax Rate | 21.24% | 21.73% | 20.82% | 31.81% | 21.85% | 16.86% |
| Cash Conversion Ratio | 1.31× | 0.94× | 1.40× | -12.53× | 0.94× | 2.13× |
| Accruals Ratio | -0.01× | 0.00× | -0.01× | -0.06× | 0.00× | -0.02× |
| CapEx Coverage | 13.35× | 10.17× | 10.78× | 10.64× | 15.66× | 17.15× |
| Free Cash Flow Per Share | $201.96 | $179.36 | $188.98 | $180.76 | $154.26 | $118.37 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 12.70× | 8.66× | 9.66× | — | 7.00× | 18.57× |
| P/FCF | 10.64× | 9.62× | 7.51× | 7.29× | 8.00× | 8.73× |
| FCF Yield | 9.39% | 10.39% | 13.31% | 13.72% | 12.50% | 11.46% |
| EV / EBITDA | 7.93× | 5.77× | 5.94× | 84.15× | 4.96× | 8.47× |
| P/S | 1.74× | 1.49× | 1.30× | 3.37× | 4.20× | 4.55× |
| P/B | 1.45× | 1.35× | 1.29× | 1.41× | 1.19× | 1.17× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | 5.24B | 4.00B | 3.13B |
| Revenues | 15.51B | 14.81B | 14.28B | 11.68B | 12.85B | 9.74B |
| Operating Income (Loss) | 3.19B | 3.71B | 2.93B | -93.34M | 3.24B | 1.27B |
| Income Tax Expense (Benefit) | 580.30M | 790.29M | 552.62M | -48.21M | 683.96M | 168.68M |
| Net Income (Loss) Attributable to Parent | 2.11B | 2.75B | 2.00B | -216.28M | 2.42B | 816.03M |
| Earnings Per Share, Basic | $169.74 | $199.69 | $147.32 | $-23.72 | $176.79 | $55.67 |
| Weighted Average Number of Shares Outstanding, Basic | 12.61M | 13.02M | 13.35M | 13.58M | 13.77M | 13.81M |
| Earnings Per Share, Diluted | $169.22 | $199.32 | $146.98 | $-23.72 | $176.38 | $55.63 |
| Weighted Average Number of Shares Outstanding, Diluted | 12.65M | 13.04M | 13.38M | 13.58M | 13.80M | 13.82M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.96B | 3.69B | 3.75B | 4.14B | 3.98B | 4.34B |
| Assets | 68.91B | 61.90B | 55.05B | 49.79B | 48.48B | 41.71B |
| Long-term Debt | 4.30B | 4.33B | 3.78B | 4.10B | 4.36B | 3.48B |
| Liabilities | 49.80B | 44.43B | 39.52B | 36.05B | 33.28B | 28.65B |
| Stockholders' Equity Attributable to Parent | 18.60B | 16.92B | 14.98B | 13.15B | 14.72B | 12.80B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.76B | 2.59B | 2.79B | 2.71B | 2.27B | 1.74B |
| Payments to Acquire Property, Plant, and Equipment | 206.89M | 254.99M | 258.62M | 254.71M | 145.25M | 101.30M |
| Net Cash Provided by (Used in) Investing Activities | -1.19B | -2.40B | -2.70B | -1.67B | -2.94B | -511.75M |
| Payments for Repurchase of Common Stock | 429.52M | 572.73M | 445.48M | 290.80M | 206.52M | 26.83M |
| Net Cash Provided by (Used in) Financing Activities | -1.21B | -297.88M | -999.72M | -595.31M | 369.77M | 434.56M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -31.35M | 599.07M | 1.96B | 789.24M | 335.48M | 419.99M |
| Net Debt | 702.38M | 1.05B | 235.59M | 644.03M | 196.91M | 1.36B |
| Operating Margin | -7.70% | 19.84% | 25.67% | 24.06% | 7.96% | 15.99% |
| Net Margin | -5.98% | 14.39% | 19.10% | 14.28% | 3.43% | 14.75% |
| Return on Equity (ROE) | -1.17% | 3.10% | 4.16% | 3.79% | 0.71% | 3.25% |
| Return on Assets (ROA) | -0.31% | 0.84% | 1.11% | 0.98% | 0.19% | 0.89% |
| Debt-to-Equity | 0.24× | 0.27× | 0.24× | 0.25× | 0.26× | 0.30× |
| Effective Tax Rate | 24.30% | 20.71% | 21.94% | 21.47% | 18.01% | 22.40% |
| Cash Conversion Ratio | -0.07× | 1.15× | 2.79× | 1.34× | 3.09× | 0.90× |
| Accruals Ratio | -0.00× | -0.00× | -0.02× | -0.00× | -0.00× | 0.00× |
| CapEx Coverage | 0.34× | 10.49× | 14.60× | 9.64× | 9.24× | 6.68× |
| Free Cash Flow Per Share | $-2.48 | $47.37 | $155.16 | $62.00 | $26.13 | $32.21 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 13.81× | 12.67× | 11.95× | 11.97× | 13.76× | 8.67× |
| P/S | 1.49× | 1.68× | 1.52× | 1.62× | 1.62× | 1.41× |
| P/B | 1.32× | 1.45× | 1.34× | 1.46× | 1.43× | 1.35× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 3.55B | 4.01B | 3.93B | 4.60B | 3.55B | 3.72B |
| Operating Income (Loss) | -273.33M | 795.15M | 1.01B | 1.11B | 282.52M | 595.47M |
| Income Tax Expense (Benefit) | -65.58M | 152.07M | 214.66M | 185.17M | 28.40M | 162.08M |
| Net Income (Loss) Attributable to Parent | -212.29M | 576.81M | 751.34M | 657.15M | 121.71M | 549.18M |
| Earnings Per Share, Basic | $-18.90 | $48.82 | $59.44 | $49.80 | $12.11 | $38.98 |
| Weighted Average Number of Shares Outstanding, Basic | 12.63M | 12.61M | 12.56M | 12.70M | 12.80M | 13.02M |
| Earnings Per Share, Diluted | $-18.90 | $48.62 | $59.25 | $49.67 | $12.08 | $38.90 |
| Weighted Average Number of Shares Outstanding, Diluted | 12.63M | 12.65M | 12.60M | 12.73M | 12.84M | 13.04M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.68B | 3.96B | 4.05B | 3.72B | 4.19B | 3.69B |
| Assets | 68.60B | 68.91B | 67.39B | 66.79B | 64.60B | 61.90B |
| Long-term Debt | 4.38B | 4.30B | 4.28B | 4.36B | 4.39B | 4.33B |
| Liabilities | 49.95B | 49.80B | 48.80B | 48.92B | 46.85B | 44.43B |
| Stockholders' Equity Attributable to Parent | 18.13B | 18.60B | 18.04B | 17.32B | 17.15B | 16.92B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 15.91M | 662.19M | 2.10B | 880.59M | 376.19M | 493.94M |
| Payments to Acquire Property, Plant, and Equipment | 47.27M | 63.12M | 143.77M | 91.35M | 40.71M | 73.95M |
| Net Cash Provided by (Used in) Investing Activities | -348.22M | -554.01M | -635.91M | 83.40M | 192.81M | -514.26M |
| Payments for Repurchase of Common Stock | 133.93M | 85.50M | 344.01M | 269.62M | 170.27M | 183.64M |
| Net Cash Provided by (Used in) Financing Activities | -79.55M | -111.48M | -1.10B | -927.75M | -105.80M | -363.61M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MKL CIK 0001096343),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.