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    Insurance - Brokers
Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc.

MSN.DE
Marsh & McLennan Companies, Inc.DE flagDeutsche Börse
140.95
EUR
-1.65
- -
68.24BMarket Cap
Marsh & McLennan Companies, Inc.
MSN.DE
(Deutsche Börse)

Recent

price

140.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
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
54.95
56.16
Revenue per Share
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
8.47
8.01
Basic EPS, GAAP
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
10.78
10.67
Free Cash Flow per Basic 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
3.46
3.54
Dividend 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
57.69
58.36
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
-28.04
-28.72
Tangible Book Value per Share
540
542
544
549
545
531
519
513
506
506
506
507
499
494
492
491
490
Basic Weighted Avg Shares
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
26,981
27,517
Sales/Revenue/Turnover
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
23.06
21.7
Operating Margin (%)
357
332
349
358
388
423
438
481
494
647
741
747
719
713
746
910
910
Depreciation Expense
855
993
1,176
1,357
1,465
1,599
1,768
1,492
1,650
1,742
2,016
3,143
3,050
3,756
4,060
4,160
3,925
Net Income, GAAP
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
23.56
24.28
Effective Tax Rate (%)
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
15.42
14.26
Profit Margin (%)
2,171
1,909
2,399
2,491
1,856
1,336
802
1,300
1,010
389
1,599
1,610
1,127
1,953
2,599
2,140
2,331
Working Capital
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
19,849
20,423
LT Debt
6,415
5,940
6,606
7,975
7,133
6,602
6,272
7,442
7,584
7,943
9,260
11,222
10,749
12,370
13,535
15,315
14,806
Total Equity
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
13.05
12.05
Return on Invested 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
9.85
9.1
Return on Capital (%)
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
15.35
14.26
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,595
1,600
2,028
LT Borrowings
18,317
18,320
18,900
LT Finance Leases
1,514
1,529
1,523
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
490
485
482
Market Capitalization
98,876
91,219
84,718

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
23,699
23,200
23,236
Cash, Cash Equivalents & STI
2,511
2,687
1,611
Accounts Receivable, Net
7,256
7,015
7,777
Inventories
- -
- -
- -
Total Current Liabilities
21,098
21,060
20,905
Payables & Accruals
4,413
4,025
5,188
ST Debt
1,595
1,600
2,028
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.15%
10.93%
13.15%
Free Cash Flow
11.88%
9.89%
23.01%
Net Income, GAAP
11.35%
17.33%
2.46%
Sales/Revenue/Turnover
7.73%
9.45%
10.32%
Total Cash Common Dividend
10.43%
12.53%
12.29%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,473
6,221
5,697
6,067
24,458
2025
7,061
6,974
6,351
6,595
26,981
2026
7,597
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.85
2.29
1.52
1.6
8.25
2025
2.81
2.46
1.52
1.69
8.47
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
0.72
0.82
0.82
3.08
2025
0.82
0.82
0.91
0.91
3.46
2026
- -
- -
- -
- -
- -
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Marsh & McLennan Companies, Inc. (MRSH)
Business
Marsh & McLennan Companies, Inc. (NYSE: MMC; FSE: MSN.DE) is a global professional services firm providing advice and solutions in risk, strategy, and people. The company operates through four primary businesses: Marsh, the world's largest insurance broker offering risk management, insurance broking, and advisory services; Guy Carpenter, a leading reinsurance broker providing reinsurance treaty and facultative broking, analytics, and capital management solutions; Mercer, a provider of health, wealth, career, and human resources consulting including employee benefits, retirement solutions, compensation consulting, and HR transformation; and Oliver Wyman, a management consulting firm delivering strategic, economic, operational, and brand consulting services to businesses, governments, private equity firms, and public sector organizations. It serves corporations, public entities, insurance companies, associations, professional services organizations, private clients, and institutional investors across diverse industries worldwide, with operations in more than 130 countries. Founded in 1871 and headquartered in New York, New York, the company generates revenue primarily from its Risk and Insurance Services segment (encompassing Marsh and Guy Carpenter), which accounts for approximately 65% of total revenue, alongside its Consulting segment (Mercer and Oliver Wyman). In recent developments, Marsh McLennan announced in October 2025 plans to rebrand as Marsh effective January 2026, with its four main businesses adopting the Marsh brand progressively through 2027—including Guy Carpenter as Marsh Re and Oliver Wyman as a Marsh business—while creating a new Business and Client Services unit to drive innovation in data, AI, analytics, and operational excellence; its stock ticker will change to MRSH. The company continues its aggressive acquisition strategy, having invested $8.5 billion in 2024 and $224 million in the first nine months of 2025, including Marsh McLennan's Marsh unit acquiring three Hawaii-based brokerages (Atlas Insurance Agency, Pyramid Insurance Centre, and IC International) from Tradewind Group in late 2025 to expand in the Pacific market, another acquisition of Massachusetts-based Hayden Wood Insurance Agency in November 2025 for personal lines expertise, and Mercer's completions of SECOR Asset Management in May 2025 to bolster investment capabilities and Cardano in late 2024 to enhance pension services in the UK and Netherlands.