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Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc.

MRSH · NYSE · Financial Services / Insurance Brokers

207.78USD+2.09 (+1.02%)

Price History

Full chart

Market Stats

Previous Close205.69
Open207.72
Day Range206.76 – 209.89
52-Week Range154.82 – 200.33
Volume1.82M
Market Cap91.44B
P/E (TTM)23.00
Forward P/E16.64
EPS8.36
Dividend Yield2.08%
Beta0.58
50-Day Avg181.98
200-Day Avg177.01

About

Marsh & McLennan Companies, Inc., a professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide. The company operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk management, insurance broking, insurance program management, risk consulting, analytical modeling, and alternative risk financing services. This segment also offers insurance and reinsurance broking, strategic advisory and actuarial services, and analytics solutions. It serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth and career advice, solutions and products; and specialized management, strategic, economic, and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.

Company Details

  • SectorFinancial Services
  • IndustryInsurance Brokers
  • CEOMr. John Quinlan Doyle
  • Employees95.00K
  • Headquarters1166 Avenue of the Americas, New York, NY, United States, 10036-2774, USA
  • Websitehttps://www.corporate.marsh.com

Leadership

  • Mr. John Quinlan DoylePresident, CEO & Director · b. 1964
  • Mr. Mark Christopher McGivneyExecutive VP, CFO & COO · b. 1968
  • Mr. Martin C. SouthSenior VP & Chief Client Officer · b. 1965
  • Mr. Dean M. KlisuraVice Chair, President & CEO of Marsh Re · b. 1964
  • Mr. Patrick TomlinsonVice Chair, President & CEO of Marsh People and Investments · b. 1971
  • Ms. Stacy M. MillsVP, Controller & Chief Accounting Officer · b. 1965
  • Mr. Paul BeswickSenior VP and Global Chief Information & Operations Officer · b. 1975
  • Mr. Jay H. Gelb C.F.A.Head of Investor Relations of Marsh
  • Ms. Katherine J. BrennanSenior VP & General Counsel · b. 1979
  • Mr. John JonesSenior VP and Chief Marketing & Communications Officer · b. 1972

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.80B2.15B2.27B2.43B2.72B2.78B2.94B3.16B3.44B3.94B4.40B6.01B7.19B9.16B10.31B9.87B10.44B11.59B11.76B11.65B11.92B11.18B10.73B9.83B10.55B11.53B11.92B12.26B12.95B12.89B13.21B14.02B14.95B16.65B17.22B19.82B20.72B22.74B24.46B26.98B
Growth (%)-+19.01%+5.84%+6.83%+12.16%+2.06%+5.68%+7.71%+8.59%+14.62%+11.85%+36.44%+19.65%+27.36%+12.57%-4.26%+5.79%+11.00%+1.49%-0.93%+2.31%-6.24%-4.00%-8.38%+7.31%+9.25%+3.45%+2.83%+5.63%-0.45%+2.47%+6.15%+6.60%+11.38%+3.44%+15.07%+4.54%+9.73%+7.57%+10.32%
Cost of Revenue1.27B1.53B1.68B1.83B2.09B2.17B2.28B2.45B2.64B3.11B3.55B5.01B5.50B7.26B8.13B7.93B8.17B9.09B3.49B3.81B7.11B---6.46B6.97B7.13B7.23B7.51B7.33B7.69B8.09B8.61B9.73B10.13B11.43B12.07B13.10B14.00B15.58B
Gross Profit536.00M620.30M596.30M598.80M632.30M611.20M653.00M712.70M790.90M830.00M855.00M997.00M1.69B1.90B2.18B1.94B2.27B2.50B8.28B7.84B4.81B11.18B10.73B9.83B4.08B4.56B4.79B5.04B5.44B5.56B5.52B5.94B6.34B6.92B7.09B8.39B8.65B9.64B10.46B11.40B
Gross Margin29.71%28.89%26.24%24.67%23.22%21.99%22.23%22.53%23.02%21.08%19.41%16.59%23.53%20.73%21.12%19.63%21.78%21.54%70.36%67.29%40.33%100.00%100.00%100.00%38.72%39.54%40.17%41.07%41.97%43.12%41.76%42.35%42.44%41.54%41.19%42.36%41.74%42.39%42.78%42.27%
Operating Expense55.50M70.10M80.90M89.30M105.00M113.10M112.00M119.90M120.60M135.10M140.00M199.00M272.00M431.00M-2.00M174.00M007.67B7.25B3.86B10.33B10.05B9.05B3.15B2.92B2.96B2.96B3.13B3.14B3.09B3.28B3.58B4.24B4.03B4.08B4.37B4.36B4.64B5.18B
Operating Income480.50M550.20M515.40M509.50M527.30M498.10M541.00M592.80M670.30M694.90M715.00M798.00M1.42B1.47B2.18B1.76B2.27B2.50B600.00M590.00M948.00M846.00M679.00M778.00M939.00M1.64B1.83B2.08B2.30B2.42B2.43B2.65B2.76B2.68B3.07B4.31B4.28B5.28B5.82B6.22B
Operating Margin26.63%25.63%22.68%20.99%19.36%17.92%18.42%18.74%19.51%17.65%16.24%13.28%19.75%16.02%21.14%17.86%21.78%21.54%5.10%5.06%7.95%7.57%6.33%7.91%8.90%14.21%15.34%16.94%17.77%18.76%18.40%18.93%18.47%16.08%17.80%21.76%20.66%23.23%23.78%23.06%
EBITDA536.00M620.30M596.30M598.80M632.30M611.20M653.00M712.70M790.90M830.00M855.00M997.00M1.69B1.90B2.67B2.28B2.63B2.89B1.06B1.08B1.44B1.29B1.12B1.16B1.36B1.94B2.23B2.50B2.61B2.89B3.11B3.36B3.03B3.61B4.05B5.40B5.27B6.32B6.93B7.39B
EBITDA Margin29.71%28.89%26.24%24.67%23.22%21.99%22.23%22.53%23.02%21.08%19.41%16.59%23.53%20.73%25.87%23.13%25.22%24.91%8.98%9.27%12.05%11.52%10.42%11.78%12.88%16.79%18.67%20.37%20.15%22.44%23.52%23.97%20.25%21.68%23.51%27.24%25.43%27.78%28.32%27.41%
Net Income243.20M302.10M296.30M294.90M304.10M305.50M263.70M332.40M371.50M402.90M459.00M434.00M796.00M726.00M1.18B974.00M1.36B1.54B376.00M404.00M990.00M2.48B-73.00M227.00M855.00M993.00M1.18B1.36B1.47B1.60B1.77B1.49B1.65B1.74B2.02B3.14B3.05B3.76B4.06B4.16B
Net Income Margin13.48%14.07%13.04%12.15%11.17%10.99%8.98%10.51%10.82%10.23%10.42%7.22%11.07%7.93%11.46%9.87%13.07%13.29%3.20%3.47%8.30%22.14%-0.68%2.31%8.10%8.62%9.86%11.07%11.31%12.40%13.38%10.64%11.04%10.46%11.70%15.86%14.72%16.52%16.60%15.42%
Interest Expense----------------------220.00M241.00M233.00M199.00M181.00M167.00M165.00M163.00M189.00M237.00M290.00M524.00M515.00M444.00M469.00M578.00M700.00M960.00M
Interest Expense % of Total Revenue----------------------2.05%2.45%2.21%1.73%1.52%1.36%1.27%1.26%1.43%1.69%1.94%3.15%2.99%2.24%2.26%2.54%2.86%3.56%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.48B1.63B1.83B2.04B2.41B2.38B3.09B3.55B3.83B4.33B4.55B7.91B11.87B13.02B13.77B13.29B13.86B15.05B18.34B17.89B18.14B17.36B15.21B15.32B15.31B15.45B16.31B16.93B17.84B18.22B18.19B20.43B21.58B31.32B33.03B34.39B44.11B48.03B56.48B58.71B
Total Liabilities837.90M842.70M1.07B1.16B1.33B1.35B1.99B2.18B2.37B2.66B2.66B4.68B8.21B9.00B8.54B8.60B8.84B9.60B13.44B12.53B12.32B9.54B9.48B9.47B8.89B9.51B9.68B9.01B10.66B11.61B11.92B12.99B13.99B23.41B23.79B23.17B33.37B35.66B42.95B43.40B
Total Equity638.70M791.70M755.10M873.00M1.09B1.03B1.10B1.37B1.46B1.67B1.89B3.23B3.66B4.17B5.23B5.17B5.02B5.45B5.06B5.36B5.82B7.82B5.72B5.83B6.37B5.88B6.54B7.91B7.05B6.51B6.19B7.36B7.51B7.79B9.10B11.01B10.52B12.19B13.34B15.10B
Cash278.10M344.10M252.20M293.00M304.60M349.00M371.10M332.00M294.90M328.10M299.60M424.30M610.00M428.00M240.00M537.00M546.00M665.00M1.40B2.02B2.09B2.13B1.69B1.78B1.89B2.11B2.30B2.30B1.96B1.37B1.03B1.21B1.07B1.16B2.09B1.75B1.44B3.36B2.40B2.69B
Total Debt117.50M156.50M408.90M353.40M386.50M328.30M618.60M683.60M812.40M981.70M850.60M1.48B3.82B3.49B2.68B3.09B3.43B3.36B5.33B5.54B4.97B3.86B3.60B3.59B3.03B2.93B2.92B2.96B3.39B4.41B4.81B5.49B5.82B14.22B13.58B13.16B13.47B15.44B21.86B21.45B
Net Debt-160.60M-187.60M156.70M60.40M81.90M-20.70M247.50M351.60M517.50M653.60M551.00M1.05B3.21B3.06B2.44B2.55B2.89B2.69B3.93B3.52B2.88B1.73B1.92B1.81B1.14B815.00M617.00M652.00M1.43B3.04B3.78B4.28B4.76B13.07B11.49B11.41B12.03B12.08B19.46B18.76B

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow448.20M374.20M480.90M345.10M237.60M368.50M318.10M316.50M415.40M1.13B1.00B1.36B1.38B1.28B1.87B2.07B399.00M878.00M-231.00M940.00M640.00M722.00M1.71B1.32B1.34B2.11B1.89B2.01B1.89B2.43B2.36B3.38B3.52B3.46B4.26B4.30B5.29B
Investing Cash Flow-178.00M-202.20M-22.90M-391.20M-158.30M-223.40M-198.10M-13.80M-675.30M-587.00M-845.00M-530.00M-533.00M-273.00M-470.00M-2.56B153.00M-136.00M2.84B-348.00M-236.00M535.00M-457.00M-583.00M-446.00M-1.22B-1.26B-1.06B-956.00M-1.09B-4.39B-793.00M-1.16B-850.00M-1.42B-8.82B-845.00M
Financing Cash Flow-230.20M-180.20M-407.20M83.80M-108.60M-189.80M-92.80M-325.00M398.90M-366.00M-334.00M-1.00B-536.00M-1.00B-1.32B1.19B128.00M-759.00M-2.64B-540.00M-464.00M-1.13B-1.01B-633.00M-834.00M-961.00M-906.00M-1.07B-1.01B-1.31B4.33B-925.00M-1.30B-1.05B-1.12B4.46B-4.63B
Capital Expenditure160.70M154.70M81.20M82.80M98.80M149.10M136.90M157.30M675.00M599.00M715.00M512.00M433.00M423.00M436.00M376.00M345.00M307.00M378.00M386.00M305.00M271.00M280.00M320.00M401.00M368.00M325.00M253.00M302.00M314.00M421.00M348.00M406.00M470.00M416.00M316.00M291.00M
Free Cash Flow287.50M219.50M399.70M262.30M138.80M219.40M181.20M159.20M-259.60M534.00M285.00M852.00M944.00M857.00M1.43B1.69B54.00M571.00M-609.00M451.00M335.00M451.00M1.43B1.00B940.00M1.74B1.56B1.75B1.59B2.11B1.94B3.03B3.11B3.00B3.84B3.99B5.00B
Dividends Paid179.70M186.70M190.60M191.10M198.50M206.40M217.00M239.20M305.60M375.00M447.00M514.00M567.00M593.00M631.00M681.00M363.00M374.00M413.00M412.00M431.00M452.00M480.00M497.00M533.00M582.00M632.00M682.00M740.00M807.00M880.00M943.00M1.03B1.14B1.30B1.51B1.70B
FCF to OCF64.15%58.66%83.11%76.01%58.42%59.54%56.96%50.30%-62.49%47.13%28.50%62.46%68.55%66.95%76.65%81.83%13.53%65.03%263.64%47.98%52.34%62.47%83.58%75.79%70.10%82.58%82.79%87.39%84.05%87.07%82.17%89.71%88.45%86.44%90.23%92.65%94.50%
Dividend Paid to FCF62.50%85.06%47.69%72.86%143.01%94.07%119.76%150.25%-117.72%70.22%156.84%60.33%60.06%69.19%44.10%40.22%672.22%65.50%-67.82%91.35%128.66%100.22%33.68%49.60%56.70%33.37%40.44%38.88%46.51%38.17%45.36%31.08%32.99%38.00%33.78%37.96%33.97%

Earnings

Report DateMar 31, 1994Jun 30, 1994Sep 30, 1994Dec 31, 1994Mar 31, 1995Jun 30, 1995Sep 30, 1995Dec 31, 1995Mar 31, 1996Jun 30, 1996Sep 30, 1996Dec 31, 1996Mar 31, 1997Jun 30, 1997Sep 30, 1997Dec 31, 1997Mar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Apr 19, 2001Jul 24, 2001Nov 7, 2001Jan 30, 2002Apr 23, 2002Jul 23, 2002Oct 22, 2002Jan 29, 2003Apr 24, 2003Jul 22, 2003Oct 21, 2003Jan 28, 2004Apr 21, 2004Jul 28, 2004Nov 9, 2004Mar 1, 2005May 3, 2005Aug 2, 2005Nov 1, 2005Feb 14, 2006May 3, 2006Aug 3, 2006Nov 1, 2006Feb 13, 2007May 8, 2007Aug 7, 2007Nov 8, 2007Feb 12, 2008May 7, 2008Aug 6, 2008Nov 5, 2008Feb 11, 2009May 6, 2009Aug 5, 2009Nov 4, 2009Feb 10, 2010May 4, 2010Aug 3, 2010Nov 9, 2010Feb 15, 2011May 4, 2011Aug 3, 2011Nov 2, 2011Feb 14, 2012May 1, 2012Aug 7, 2012Nov 6, 2012Feb 12, 2013May 2, 2013Aug 7, 2013Nov 6, 2013Feb 11, 2014May 2, 2014Jul 29, 2014Oct 28, 2014Feb 6, 2015Apr 30, 2015Jul 28, 2015Oct 27, 2015Feb 4, 2016Apr 28, 2016Jul 28, 2016Oct 25, 2016Feb 2, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Feb 1, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 31, 2019Apr 25, 2019Jul 30, 2019Oct 29, 2019Jan 30, 2020Apr 30, 2020Jul 30, 2020Oct 29, 2020Jan 28, 2021Apr 27, 2021Jul 22, 2021Oct 21, 2021Jan 27, 2022Apr 21, 2022Jul 21, 2022Oct 20, 2022Jan 26, 2023Apr 20, 2023Jul 20, 2023Oct 19, 2023Jan 25, 2024Apr 18, 2024Jul 18, 2024Oct 17, 2024Jan 30, 2025Apr 17, 2025Jul 17, 2025Oct 16, 2025Jan 29, 2026Apr 16, 2026Jul 21, 2026Oct 15, 2026
EPS Estimate----------------------------0.630.510.480.490.730.590.560.570.780.640.650.650.890.720.68-0.490.400.380.310.520.440.360.370.500.360.320.300.440.350.320.320.430.330.270.370.510.450.290.390.560.480.250.450.610.580.390.520.700.670.460.560.800.750.520.660.860.800.600.710.880.900.680.830.981.000.780.941.301.110.741.041.441.130.701.181.561.130.721.121.711.431.001.352.141.861.141.412.472.121.391.632.802.391.621.763.002.661.781.973.222.881.96
EPS Actual0.250.220.190.160.280.230.210.190.330.260.240.230.380.290.28-0.100.440.360.340.370.520.320.400.080.590.480.480.500.640.510.480.500.740.600.550.570.810.660.650.700.940.730.38-1.290.520.430.350.280.510.360.380.390.410.290.250.240.460.410.210.370.400.330.480.380.510.460.270.410.560.500.240.460.630.600.390.520.730.720.460.570.810.790.560.660.910.800.630.710.920.910.690.891.081.000.791.051.381.100.781.091.521.180.771.191.641.320.821.191.991.751.081.362.301.891.181.472.532.201.571.682.892.411.631.873.062.721.852.123.292.962.03
Surprise----------------------------1.59%0.00%0.00%2.04%1.37%1.69%-1.79%0.00%3.85%3.13%0.00%7.69%5.62%1.39%-44.12%-6.12%7.50%-7.89%-9.68%-1.92%-18.18%5.56%5.41%-18.00%-19.44%-21.88%-20.00%4.55%17.14%-34.38%15.63%-6.98%0.00%77.78%2.70%0.00%2.22%-6.90%5.13%0.00%4.17%-4.00%2.22%3.28%3.45%0.00%0.00%4.29%7.46%0.00%1.79%1.25%5.33%7.69%0.00%5.81%0.00%5.00%0.00%4.55%1.11%1.47%7.23%10.20%0.00%1.28%11.70%6.15%-0.90%5.41%4.81%5.56%4.42%10.00%0.85%5.13%16.81%13.89%6.25%16.37%22.38%8.00%0.74%7.48%1.61%3.51%4.26%2.43%3.77%12.95%3.07%3.21%0.84%0.62%6.25%2.00%2.26%3.93%7.61%2.17%2.78%3.57%
Timing----------------------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap91.44B
Enterprise Value111.16B
Trailing P/E23.00
Forward P/E16.64
PEG Ratio1.66
Price / Sales3.21
Price / Book6.18
EPS8.36
Book Value30.87
Revenue (TTM)28.46B
Gross Profit (TTM)12.66B
EBITDA7.89B
Profit Margin14.20%
Operating Margin18.40%
Return on Equity27.24%
Return on Assets7.35%
Shares Outstanding475.51M
Shares Float474.57M
Beta0.58
Dividend Yield2.08%
Dividend Rate3.96
Payout Ratio30.86%

Analyst Ratings

Hold
Based on 23 analystsTarget 205.38
  • Strong Buy
    5
  • Buy
    2
  • Hold
    15
  • Sell
    1

Ownership Breakdown

Institutions
94.09%
Insiders
0.08%
Retail / Other
5.83%

Top Institutional Holders

  • BlackRock Inc
    39.50M8.32%
  • Vanguard Capital Management, LLC
    31.47M6.63%
  • State Street Corp
    22.40M4.72%
  • Capital World Investors
    18.12M3.82%
  • Wellington Management Company LLP
    16.98M3.57%
  • Capital Research & Mgmt Co - Division 3
    15.73M3.31%
  • Geode Capital Management, LLC
    13.51M2.84%
  • T. Rowe Price Associates, Inc.
    13.44M2.83%
  • Vanguard Portfolio Management, LLC
    12.57M2.65%
  • Capital Research Global Investors
    10.97M2.31%
  • Harris Associates L.P.
    8.69M1.83%
  • Artisan Partners Limited Partnership
    7.27M1.53%
  • FMR Inc
    6.95M1.46%
  • Massachusetts Financial Services Company
    6.51M1.37%
  • Morgan Stanley - Brokerage Accounts
    6.31M1.33%
  • NORGES BANK
    6.26M1.32%

Top Fund Holders

  • American Funds Washington Mutual A
    20.27M4.26%
  • Vanguard MStar Total Stk Mkt Idx Invest
    15.16M3.19%
  • Vanguard 500 Index Investor
    12.53M2.64%
  • iShares Core S&P 500 ETF
    6.36M1.34%