Marsh & McLennan Companies, Inc. Financial Ratios — MMC

Profitability (USD)

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Return on Common Equity (%)	10.97	12.03	13.29	14.13	14.01	14.05	14.25	11.2	11.53	11.36	12.37	17.57	15.32	17	16.51
Return on Assets (%)	5.58	6.46	7.41	8.16	8.43	8.88	9.71	7.73	7.86	6.58	6.26	9.32	7.77	8.15	7.77
Return on Capital (%)	9.06	9.84	10.81	11.47	11.32	10.92	10.98	8.66	9.21	8.21	7.79	10.96	10.07	11.29	10.43
Return on Invested Capital (%)	7.28	12.42	13.99	14.02	15.14	15.71	15.71	12.46	15.4	10.84	9.89	13.65	13.2	15.2	13.68
Gross Margin (%)	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
EBITDA Margin (%)	12.28	17.09	18.27	19.86	20.76	22.04	21.72	22.36	21.77	19.96	22.1	25.52	24.13	26.37	26.83
Operating Margin (%)	8.9	14.21	15.34	16.94	17.77	18.76	18.4	18.93	18.47	16.08	17.8	21.76	20.66	23.23	23.78
Incremental Operating Margin (%)	22.39	71.62	47.99	73.59	32.46	-203.45	3.77	27.55	11.45	-4.94	68.01	48	-3.56	49.7	31.07
Pretax Margin (%)	7.29	12.18	14.22	16.09	15.88	17.89	18.77	18.85	15.01	14.65	16.22	21.23	19.7	22.11	22.41
Profit Margin (%)	8.1	8.62	9.86	11.07	11.31	12.4	13.38	10.64	11.04	10.46	11.7	15.86	14.72	16.52	16.6
Net Income to Common Margin (%)	8.1	8.62	9.86	11.07	11.31	12.4	13.38	10.64	11.04	10.46	11.7	15.86	14.72	16.52	16.6
Effective Tax Rate (%)	26.53	30.06	29.01	30.11	28.49	29.09	27.62	42.87	25.58	27.31	26.75	24.57	24.38	24.35	24.87
Dvd Payout Ratio (%)	77.8	47.81	40.44	37.88	38.72	37.78	37.43	48.37	47.75	49.33	45.42	32.01	36.43	33.73	36.25
Sustainable Growth Rate (%)	2.44	6.28	7.91	8.78	8.59	8.74	8.92	5.78	6.03	5.76	6.75	11.94	9.74	11.27	10.52

Credit (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Total Debt	3,034	2,928	2,918	2,955	3,379	4,414	4,807	5,487	5,824	14,224	13,579	13,162	13,472	15,436	21,862
ST Debt	8	260	260	334	11	12	312	262	314	1,557	859	349	578	1,931	844
LT Debt	3,026	2,668	2,658	2,621	3,368	4,402	4,495	5,225	5,510	12,667	12,720	12,813	12,894	13,505	21,018
Total Debt/EBITDA	2.34	1.49	1.34	1.21	1.26	1.55	1.68	1.75	1.79	4.28	3.57	2.6	2.69	2.57	3.33
Net Debt/EBITDA	0.88	0.41	0.28	0.27	0.53	1.07	1.32	1.37	1.46	3.25	2.42	1.82	2.01	1.69	2.67
Total Debt/EBIT	3.23	1.79	1.6	1.42	1.47	1.82	1.98	2.07	2.11	5.31	4.43	3.05	3.15	2.92	3.76
Net Debt/EBIT	1.21	0.5	0.34	0.31	0.62	1.26	1.56	1.61	1.72	4.03	3.01	2.13	2.35	1.91	3.02
EBITDA to Interest Expense	5.56	9.9	12.03	14.58	16.3	17.44	15.18	13.23	11.22	6.34	7.39	11.39	10.66	10.37	9.38
EBITDA-CapEx/Interest Expense	5.56	9.9	12.03	14.58	16.3	17.44	15.18	13.23	11.22	6.34	7.39	11.39	10.66	10.37	9.38
EBIT to Interest Expense	4.03	8.23	10.1	12.44	13.95	14.84	12.86	11.2	9.52	5.11	5.95	9.71	9.13	9.14	8.31
Interest Expense	233	199	181	167	165	163	189	237	290	524	515	444	469	578	700
Common Equity/Total Assets	52.23	55.07	56.42	58.97	61.24	65.12	71.19	67.07	69.09	50.26	50.93	55.11	47.29	48.55	45.8
Long-Term Debt/Equity (%)	47.17	44.92	40.24	32.87	47.22	66.68	71.67	70.21	72.65	159.47	137.37	114.18	119.96	109.18	155.29
Long-Term Debt/Capital (%)	27.32	23.21	21.84	20.1	23.46	26.9	25.2	27.11	26.48	42.04	41.61	39.64	37.31	34.69	43.86
Long-Term Debt/Total Assets (%)	19.76	17.26	16.32	15.44	18.93	24.17	24.71	25.58	25.54	40.4	38.49	37.26	29.23	28.12	37.21
Total Debt/Equity (%)	47.3	49.29	44.17	37.05	47.37	66.86	76.64	73.73	76.79	179.08	146.64	117.29	125.33	124.79	161.52
Total Debt/Capital (%)	27.39	25.47	23.98	22.66	23.54	26.97	26.95	28.47	27.99	47.2	44.42	40.72	38.98	39.65	45.62
Total Debt/Total Assets (%)	19.82	18.95	17.92	17.4	18.99	24.23	26.43	26.86	26.99	45.36	41.09	38.27	30.54	32.14	38.71
Net Debt to Equity	17.77	13.72	9.34	8.18	19.92	46.05	60.28	57.54	62.74	135.98	99.61	81.96	93.52	81.69	129.66
Net Debt/Capital (%)	12.41	8.69	6.25	6.07	11.46	20.28	22.49	23.7	24.1	37.27	32.39	30.09	30.35	28.4	38.55
EBITDA	1,296	1,970	2,178	2,435	2,689	2,842	2,869	3,136	3,255	3,324	3,807	5,059	4,999	5,995	6,563
EBITDA-CapEx	1,296	1,970	2,178	2,435	2,689	2,842	2,869	3,136	3,255	3,324	3,807	5,059	4,999	5,995	6,563
Operating Income (Loss)	939	1,638	1,829	2,077	2,301	2,419	2,431	2,655	2,761	2,677	3,066	4,312	4,280	5,282	5,817

Liquidity (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Cash Ratio	0.61	0.57	0.65	0.6	0.53	0.37	0.25	0.28	0.22	0.17	0.32	0.26	0.08	0.17	0.12
Current Ratio	1.7	1.51	1.67	1.65	1.5	1.36	1.2	1.31	1.21	1.06	1.24	1.24	1.06	1.1	1.13
Quick Ratio	1.59	1.34	1.5	1.47	1.45	1.31	1.14	1.25	1.09	0.96	1.13	1.1	0.41	0.49	0.49
CFO/Avg Current Liab	0.21	0.5	0.36	0.36	0.57	0.51	0.52	0.45	0.53	0.41	0.51	0.53	0.28	0.23	0.22
Common Equity/Total Assets	52.23	55.07	56.42	58.97	61.24	65.12	71.19	67.07	69.09	50.26	50.93	55.11	47.29	48.55	45.8
Long-Term Debt/Equity (%)	47.17	44.92	40.24	32.87	47.22	66.68	71.67	70.21	72.65	159.47	137.37	114.18	119.96	109.18	155.29
Long-Term Debt/Capital (%)	27.32	23.21	21.84	20.1	23.46	26.9	25.2	27.11	26.48	42.04	41.61	39.64	37.31	34.69	43.86
Long-Term Debt/Total Assets (%)	19.76	17.26	16.32	15.44	18.93	24.17	24.71	25.58	25.54	40.4	38.49	37.26	29.23	28.12	37.21
Total Debt/Equity (%)	47.3	49.29	44.17	37.05	47.37	66.86	76.64	73.73	76.79	179.08	146.64	117.29	125.33	124.79	161.52
Total Debt/Capital (%)	27.39	25.47	23.98	22.66	23.54	26.97	26.95	28.47	27.99	47.2	44.42	40.72	38.98	39.65	45.62
Total Debt/Total Assets (%)	19.82	18.95	17.92	17.4	18.99	24.23	26.43	26.86	26.99	45.36	41.09	38.27	30.54	32.14	38.71
CFO/Total Liabilities	8.12	17.92	13.65	14.89	19.88	16.26	16.84	14.58	17.35	10.08	14.22	15.18	10.39	11.94	10.02
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	3.89	4.41	4.58	5.12	5.25	5.42	6.09	5.96	5.87	4.73	4.91	6.22	3.99	4.19	4.35

Working Capital (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Accounts Receivable Turnover	4.36	4.42	4.31	4.14	4.17	4.07	4.02	3.92	3.85	3.88	3.71	4.06	3.99	4.1	3.96
Days Sales Outstanding	83.76	82.65	84.7	88.16	87.47	89.74	90.73	93.01	94.74	94.17	98.4	89.98	91.48	89.09	92.07
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	3.7	3.71	3.82	4.03	4.01	3.89	3.99	3.99	3.99	3.91	3.5	3.68	3.75	3.92	4.11
Accounts Payable Turnover Days	98.58	98.39	95.6	90.47	90.92	93.79	91.44	91.46	91.56	93.37	104.43	99.28	97.41	93.08	88.73
Cash Conversion Cycle	-14.82	-15.73	-10.9	-2.31	-3.46	-4.05	-0.71	1.54	3.18	0.8	-6.03	-9.3	-5.93	-3.99	3.34
Inventory to Cash Days	83.76	82.65	84.7	88.16	87.47	89.74	90.73	93.01	94.74	94.17	98.4	89.98	91.48	89.09	92.07
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Market Capitalization	11,140	13,322	14,982	21,740	26,100	25,164	30,626	37,151	36,594	52,088	55,660	84,116	79,930	91,909	104,117
- Cash & Cash Equivalents	1,894	2,113	2,301	2,303	1,958	1,374	1,026	1,205	1,066	1,155	2,089	1,752	1,442	3,358	2,398
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	47	57	64	70	79	89	80	83	73	150	156	213	229	179	193
+ Total Debt	3,034	2,928	2,918	2,955	3,379	4,414	4,807	5,487	5,824	14,224	13,579	13,162	13,472	15,436	21,862
Enterprise Value	12,327	14,194	15,663	22,462	27,600	28,293	34,487	41,516	41,425	65,307	67,306	95,739	92,189	104,166	123,774
Total Capital	11,078	11,495	12,171	13,038	14,354	16,366	17,836	19,271	20,805	30,134	30,568	32,325	34,563	38,935	47,922
Total Debt/Capital (%)	27.39	25.47	23.98	22.66	23.54	26.97	26.95	28.47	27.99	47.2	44.42	40.72	38.98	39.65	45.62
Total Debt / EV	0.25	0.21	0.19	0.13	0.12	0.16	0.14	0.13	0.14	0.22	0.2	0.14	0.15	0.15	0.18
EV/Sales	1.17	1.23	1.31	1.83	2.13	2.19	2.61	2.96	2.77	3.92	3.91	4.83	4.45	4.58	5.06
EV/EBITDA	9.51	7.21	7.19	9.22	10.26	9.96	12.02	13.24	12.73	19.65	17.68	18.92	18.44	17.38	18.86
EV/EBIT	13.13	8.67	8.56	10.81	11.99	11.7	14.19	15.64	15	24.4	21.95	22.2	21.54	19.72	21.28
EV/Cash Flow to Firm	13.8	7.7	10.8	15.41	12.34	14.12	16.09	20.47	15.67	23.82	17.9	24.86	24.14	22.19	25.64
EV/Free Cash Flow to Firm	13.8	7.7	10.8	15.41	12.34	14.12	16.09	20.47	15.67	23.82	17.9	24.86	24.14	22.19	25.64
Diluted Market Cap	11,223	13,544	15,202	22,097	26,483	25,401	30,921	37,586	36,956	52,602	56,320	85,112	80,891	92,839	104,964
Diluted Enterprise Value	12,410	14,416	15,883	22,819	27,983	28,530	34,782	41,951	41,787	65,821	67,966	96,735	93,150	105,096	124,621
EV per Share	22.83	26.19	28.79	40.92	50.64	53.28	66.45	80.93	81.87	129.06	133.02	188.84	184.75	210.86	251.57
TTM Sales	10,550	11,526	11,924	12,261	12,951	12,893	13,211	14,024	14,950	16,652	17,224	19,820	20,720	22,736	24,458
TTM EBITDA	1,296	1,970	2,178	2,435	2,689	2,842	2,869	3,136	3,255	3,324	3,807	5,059	4,999	5,995	6,563
TTM Operating Income	939	1,638	1,829	2,077	2,301	2,419	2,431	2,655	2,761	2,677	3,066	4,312	4,280	5,282	5,817
TTM Cash Flow to Firm	893	1,844	1,450	1,458	2,237	2,004	2,144	2,028	2,644	2,742	3,759	3,851	3,820	4,695	4,828
TTM Free Cash Flow to Firm	893	1,844	1,450	1,458	2,237	2,004	2,144	2,028	2,644	2,742	3,759	3,851	3,820	4,695	4,828

Multiples (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Price/Free Cash Flow	15.54	7.94	11.5	16.48	12.5	13.45	15.41	19.86	15.22	22.28	16.65	24.21	23.35	21.8	24.4
EV/EBIT	13.13	8.67	8.56	10.81	11.99	11.7	14.19	15.64	15	24.4	21.95	22.2	21.54	19.72	21.28
Enterprise Value	12,327	14,194	15,663	22,462	27,600	28,293	34,487	41,516	41,425	65,307	67,306	95,739	92,189	104,166	123,774
Low Price	20.21	25.29	30.69	34.43	44.25	50.9	50.81	66.75	74.3	77.85	74.33	106.95	142.8	151.86	188.31
EV/Sales	1.17	1.23	1.31	1.83	2.13	2.19	2.61	2.96	2.77	3.92	3.91	4.83	4.45	4.58	5.06
EV/EBITDA	9.51	7.21	7.19	9.22	10.26	9.96	12.02	13.24	12.73	19.65	17.68	18.92	18.44	17.38	18.86
Price/Earnings	13.03	13.42	12.74	16.02	17.82	15.74	17.32	24.9	22.18	29.9	27.61	26.76	26.21	24.47	25.64
Price/Earnings Average	11.2	12.32	12.1	13.47	15.8	15.83	16.18	23.5	22.94	25.91	25.56	21.75	25.26	23.41	25.49
Price/Earnings High	17.37	17.47	16.55	19.65	21.85	19.92	20.48	29.76	27.47	33.1	30.36	28.25	29.96	26.67	28.54
Price/Earnings Low	12.76	13.8	14.2	13.93	16.46	16.9	14.92	22.95	22.79	22.61	18.66	17.25	23.36	19.97	22.82
Price/Book Value	1.39	1.57	1.63	2.17	2.4	2.12	2.37	2.71	2.45	3.31	3.31	4.44	3.83	3.94	4.03
Price/Book Value Average	1.2	1.44	1.55	1.82	2.12	2.13	2.21	2.56	2.54	2.86	3.06	3.61	3.69	3.77	4
Price/Book Value High	1.86	2.04	2.12	2.66	2.94	2.69	2.8	3.24	3.04	3.66	3.64	4.69	4.38	4.3	4.48
Price/Book Value Low	1.36	1.61	1.82	1.89	2.21	2.28	2.04	2.5	2.52	2.5	2.23	2.86	3.42	3.22	3.58
Price/Tangible Book Value	-27.3	-13.02	-22.87	35.64	-32.63	-10.83	-9.5	-12.72	-10.6	-5.48	-6.21	-10.64	-9.94	-12.27	-7.14
Price/Tangible Book Value Average	-23.47	-11.96	-21.73	29.95	-28.93	-10.9	-8.88	-12.01	-10.96	-4.75	-5.75	-8.65	-9.59	-11.74	-7.09
Price/Tangible Book Value High	-36.4	-16.95	-29.72	43.7	-40.02	-13.71	-11.24	-15.2	-13.13	-6.07	-6.83	-11.23	-11.37	-13.37	-7.94
Price/Tangible Book Value Low	-26.75	-13.4	-25.49	30.99	-30.15	-11.63	-8.18	-11.72	-10.89	-4.15	-4.2	-6.86	-8.86	-10.01	-6.35
Price/Sales	1.06	1.16	1.26	1.77	2.02	1.95	2.32	2.65	2.45	3.13	3.23	4.24	3.86	4.04	4.26
Price/Sales Average	0.91	1.06	1.19	1.49	1.79	1.96	2.17	2.5	2.53	2.71	2.99	3.45	3.72	3.87	4.23
Price/Sales High	1.41	1.5	1.63	2.17	2.47	2.47	2.74	3.17	3.03	3.46	3.55	4.48	4.41	4.41	4.74
Price/Sales Low	1.03	1.19	1.4	1.54	1.86	2.1	2	2.44	2.51	2.37	2.18	2.74	3.44	3.3	3.79
Price/Cash Flow	15.43	7.81	11.33	16.21	12.32	13.33	15.26	19.63	15.07	22.06	16.46	23.92	23.07	21.58	24.2
Price/Cash Flow Average	13.26	7.18	10.77	13.63	10.92	13.41	14.26	18.53	15.59	19.12	15.24	19.44	22.24	20.65	24.05
Price/Cash Flow High	20.57	10.17	14.72	19.88	15.11	16.87	18.04	23.45	18.67	24.42	18.1	25.25	26.37	23.53	26.93
Price/Cash Flow Low	15.12	8.04	12.63	14.1	11.38	14.32	13.14	18.09	15.48	16.68	11.12	15.42	20.56	17.62	21.54
Price/Free Cash Flow Average	13.36	7.3	10.92	13.85	11.08	13.53	14.39	18.74	15.74	19.31	15.42	19.67	22.51	20.86	24.25
Price/Free Cash Flow High	20.72	10.34	14.94	20.21	15.33	17.03	18.22	23.73	18.86	24.66	18.31	25.55	26.69	23.77	27.15
Price/Free Cash Flow Low	15.23	8.17	12.81	14.33	11.55	14.45	13.27	18.3	15.64	16.85	11.25	15.6	20.81	17.8	21.71
EV/Sales Average	1.02	1.14	1.25	1.55	1.9	2.21	2.46	2.81	2.85	3.5	3.67	4.03	4.31	4.41	5.03
EV/Sales High	1.52	1.58	1.69	2.23	2.59	2.71	3.03	3.48	3.36	4.26	4.23	5.07	5	4.95	5.54
EV/Sales Low	1.15	1.26	1.46	1.6	1.98	2.34	2.29	2.75	2.84	3.16	2.86	3.32	4.03	3.84	4.59
EV/EBITDA Average	8.3	6.65	6.85	7.8	9.17	10.01	11.32	12.57	13.11	17.56	16.59	15.81	17.87	16.71	18.76
EV/EBITDA High	12.37	9.25	9.25	11.24	12.46	12.31	13.97	15.55	15.41	21.32	19.14	19.85	20.73	18.76	20.65
EV/EBITDA Low	9.34	7.4	7.98	8.06	9.53	10.61	10.54	12.31	13.03	15.83	12.94	13.02	16.71	14.56	17.11
EV/EBIT Average	11.46	8	8.15	9.14	10.71	11.76	13.36	14.85	15.46	21.8	20.61	18.55	20.87	18.97	21.17
EV/EBIT High	17.08	11.12	11.01	13.18	14.56	14.46	16.48	18.37	18.17	26.47	23.76	23.29	24.22	21.29	23.3
EV/EBIT Low	12.89	8.9	9.5	9.45	11.13	12.47	12.44	14.54	15.37	19.65	16.07	15.27	19.51	16.52	19.31
Last Price	20.63	24.58	27.54	39.6	47.89	47.39	59.01	72.42	72.32	102.94	110	165.91	160.18	186.05	211.62
High Price	27.5	32	35.78	48.56	58.74	59.99	69.77	86.54	89.59	113.94	120.97	175.12	183.14	202.81	235.5
Enterprise Value Average	10,761	13,108	14,913	18,994	24,648	28,439	32,475	39,434	42,680	58,360	63,176	79,973	89,317	100,189	123,129
Enterprise Value High	16,037	18,216	20,145	27,381	33,513	34,984	40,072	48,760	50,164	70,873	72,857	100,409	103,646	112,445	135,523
Enterprise Value Low	12,100	14,579	17,376	19,624	25,616	30,157	30,231	38,608	42,427	52,611	49,257	65,847	83,516	87,276	112,306

Shares Outstanding	541	539	546	547	540	522	514	509	504	504	508	504	495	492	491
Diluted Weighted Avg Shares	544	551	552	558	553	536	524	519	511	511	512	513	505	499	496
Basic Weighted Avg Shares	540	542	544	549	545	531	519	513	506	506	506	507	499	494	492
Revenue per Share	19.54	21.27	21.92	22.33	23.76	24.28	25.45	27.34	29.55	32.91	34.04	39.09	41.52	46.02	49.71
EBITDA per Share	2.4	3.63	4	4.44	4.93	5.35	5.53	6.11	6.43	6.57	7.52	9.98	10.02	12.14	13.34
Operating Income per Share	1.74	3.02	3.36	3.78	4.22	4.56	4.68	5.18	5.46	5.29	6.06	8.5	8.58	10.69	11.82
Basic EPS, GAAP	1.58	1.83	2.16	2.47	2.69	3.01	3.41	2.91	3.26	3.44	3.98	6.2	6.11	7.6	8.25
Basic EPS from Cont Ops	1.05	1.81	2.21	2.51	2.7	3.08	3.46	2.94	3.3	3.5	4.04	6.26	6.19	7.7	8.37
Diluted EPS, GAAP	1.57	1.8	2.13	2.43	2.65	2.98	3.37	2.87	3.23	3.41	3.94	6.13	6.04	7.53	8.19
Diluted EPS from Cont Ops	1.04	1.78	2.18	2.47	2.66	3.05	3.43	2.91	3.27	3.47	4	6.19	6.11	7.62	8.3
Dividend per Share	0.84	0.89	0.91	0.97	1.07	1.19	1.31	1.44	1.59	1.76	1.86	2.02	2.28	2.63	3.08
Cash Flow per Share	1.34	3.15	2.43	2.44	3.89	3.56	3.87	3.69	4.8	4.67	6.68	6.93	6.94	8.62	8.74
Free Cash Flow per Basic Share	1.34	3.15	2.43	2.44	3.89	3.56	3.87	3.69	4.8	4.67	6.68	6.93	6.94	8.62	8.74
Cash & Equivalents per Share	3.51	3.9	4.23	4.19	3.59	2.59	1.98	2.35	2.11	2.28	4.13	3.46	2.89	6.8	4.87
Book Value per Share	14.81	15.7	16.89	18.24	19.99	22.34	24.95	26.71	29.46	31.15	33.27	37.38	41.81	47.21	52.58
Tangible Book Value per Share	-0.76	-1.89	-1.2	1.11	-1.47	-4.37	-6.21	-5.69	-6.82	-18.78	-17.7	-15.59	-16.11	-15.16	-29.66

Marsh & McLennan Companies, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)