Marsh & McLennan Companies, Inc. financials

  1. Home
  2. Financials
  3. MRSH
MRSH CIK 0000062709

Source: EDGAR filings · Built 2026-06-02T03:36:08Z

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 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 5.00B 3.99B 3.84B 3.00B 3.11B 3.03B
EBITDA 6.58B 6.19B 5.65B 4.66B 5.06B 3.81B
Working Capital 2.14B 2.60B 1.95B 1.13B 1.61B 1.60B
Net Debt 18.76B 19.46B 12.08B 12.30B 11.43B 12.01B
Operating Margin 23.06% 23.78% 23.23% 20.66% 21.76% 17.80%
Net Margin 15.42% 16.60% 16.52% 14.72% 15.86% 11.70%
Return on Equity (ROE) 27.16% 30.00% 30.36% 28.37% 28.01% 21.77%
Return on Assets (ROA) 7.09% 7.19% 7.82% 6.91% 7.14% 6.10%
Current Ratio 1.10× 1.13× 1.10× 1.06× 1.24× 1.24×
Debt-to-Equity 1.40× 1.62× 1.25× 1.28× 1.17× 1.52×
Effective Tax Rate 23.56% 24.87% 24.35% 24.38% 24.57% 26.75%
Cash Conversion Ratio 1.27× 1.06× 1.13× 1.14× 1.12× 1.68×
Accruals Ratio -0.02× -0.00× -0.01× -0.01× -0.01× -0.04×
SBC % of Revenue 1.46% 1.50% 1.60% 1.77% 1.76% 1.68%
CapEx Coverage 18.19× 13.61× 10.24× 7.37× 8.66× 9.72×
Free Cash Flow Per Share $10.12 $8.04 $7.70 $5.93 $6.06 $5.93

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 22.01× 25.97× 25.16× 27.40× 28.36× 29.70×
P/FCF 18.33× 26.43× 24.61× 27.90× 28.67× 19.74×
FCF Yield 5.46% 3.78% 4.06% 3.58% 3.49% 5.06%
EV / EBITDA 16.52× 20.01× 18.63× 20.21× 19.58× 18.77×
P/S 3.33× 4.26× 4.10× 3.95× 4.42× 3.45×
P/B 5.88× 7.71× 7.54× 7.62× 7.81× 6.42×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 26.98B 24.46B 22.74B 20.72B — —
Operating Expenses 20.76B 18.64B 17.45B 16.44B 15.51B 14.16B
Operating Income (Loss) 6.22B 5.82B 5.28B 4.28B 4.31B 3.07B
Income Tax Expense (Benefit) 1.30B 1.36B 1.22B 995.00M 1.03B 747.00M
Net Income (Loss) Attributable to Parent 4.16B 4.06B 3.76B 3.05B 3.14B 2.02B
Earnings Per Share, Basic $8.48 $8.26 $7.60 $6.11 $6.20 $3.98
Weighted Average Number of Shares Outstanding, Basic 491.00M 492.00M 494.00M 499.00M 507.00M 506.00M
Earnings Per Share, Diluted $8.43 $8.18 $7.53 $6.04 $6.13 $3.94
Weighted Average Number of Shares Outstanding, Diluted 494.00M 496.00M 499.00M 505.00M 513.00M 512.00M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.69B 2.40B 3.36B 1.44B 1.75B 2.09B
Assets, Current 23.20B 22.12B 21.75B 18.96B 8.26B 8.15B
Assets 58.71B 56.48B 48.03B 44.11B 44.01B 33.05B
Long-term Debt 19.59B 19.95B 13.46B 11.49B 10.95B 11.31B
Liabilities, Current 21.06B 19.52B 19.80B 17.83B 6.65B 6.56B
Long-term Debt, Excluding Current Maturities 18.32B 19.43B 11.84B 11.23B 10.93B 10.80B
Common Stock, Shares, Outstanding 485.00M 491.00M 492.00M 495.00M 504.00M 508.00M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 5.29B 4.30B 4.26B 3.46B 3.52B 3.38B
Payments to Acquire Property, Plant, and Equipment 291.00M 316.00M 416.00M 470.00M 406.00M 348.00M
Net Cash Provided by (Used in) Investing Activities -845.00M -8.82B -1.42B -850.00M -1.16B -793.00M
Payments for Repurchase of Common Stock 2.01B 900.00M 1.15B 1.95B 1.16B 0
Net Cash Provided by (Used in) Financing Activities -4.63B 4.46B -1.12B -1.05B -1.30B -925.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Loading filing details…

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (MRSH CIK 0000062709), 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.

Related tickers

CTOS

Custom Truck One Source, Inc.

MHH

MASTECH DIGITAL, INC.

TXG

10x Genomics, Inc.