Stock · MRSH · Financial Services

Marsh & McLennan Companies, Inc.

United States · Large Cap · listed since 1987 · Revenue 12 mo. $28.5B

Price as of 11/06/2026

StockScorer score
3.6
of 10 4 of 11 points Not rated To the score
Price
$204.82
1 Y +6.4%
Market cap
$95.1B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +9.2% a year (3 years)EBIT margin 23.1%Payout 71.2% of operating cash flow

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.

moreless

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.

Original text from the data provider

Summary

Marsh & McLennan Companies, Inc. is around the middle of the Financial Services sector overall

57.8 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 7.6% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €4.5B (2025), it supports €49.9B. The remaining €35.5B of the market value assume it grows 7.6% a year for 10 years and not at all afterwards.

Required FCF growth per year

7.6%

no growth afterwards

Market value breakdown€85.4B market value, price as of 11/06/2026

€49.9B without growth
€35.5B priced-in growth
  • 5 yrs achieved 12.0%
  • 10 yrs achieved 12.8%
  • priced in 7.6%

Valuation against its own history

Price to operating cash flow 21.9×, within its usual range.

Middle half of 20 quarters: 21.4× to 25.4×, median 23.9×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

4 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 7.6%, achieved at least 12.0%
  • High, stable gross margin median 42.3%, range 1.6 pp (10 years)
  • Low capital needs capex median 2.0% of revenue (10 years)
1 more
  • Steady FCF margin at least 11.3%, range 7.2 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • EBIT margin falling for three quarters −1.7 pp over the last four reports

Since the last quarter

Q2 → Q3 2026

Mostly worse than the previous quarter: 2 of 3 changes for the worse.

  • FCF, 12 mo.$4.8B → $4.2B−12.9%worse
  • FCF margin17.1% → 14.6%−2.5 ppworse
  • Shares outstanding484M → 479M−1.0%better

5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Net debt, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability54.2around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity27.55%12.46%Rank 91
Return on capital (Greenblatt)140.51%59.04%Rank 66
EBIT margin23.06%23.06%Rank 50
FCF margin18.54%19.82%Rank 46
Gross margin42.27%65.53%Rank 18
Growth50.2around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year10.32%7.39%Rank 60
Earnings growth, 3 years per year12.02%15.20%Rank 41
Earnings growth, 5 years per year16.61%15.17%Rank 55
Sustainable growth (ROE × retained earnings)1.08%1.25%Rank 44
Valuation33.9below the middleValued higher than the sector: Earnings yield 4.15%, sector 6.47%.
MetricStockSector medianPosition in sector
Earnings yield4.15%6.47%Rank 19
FCF yield5.26%7.16%Rank 40
EV/saleslower is better4.222.82Rank 39
EV/EBITlower is better18.3014.24Rank 37
Momentum78.1above the middleShare price doing better than the sector: Share price, 6 months 25.95%, sector 8.71%.
MetricStockSector medianPosition in sector
Share price, 1 year6.39%7.80%Rank 47
Share price, 6 months25.95%8.71%Rank 92
Share price, 3 months12.00%0.45%Rank 86
Distance from 52-week high−2.64%−10.68%Rank 87
Quality80.5above the middleQuality above the sector: Dividend streak in years 20, sector 5.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−0.50%1.23%Rank 79
Change in share countlower is better−1.21%−0.60%Rank 59
Dividend streak in years205Rank 93
Price reaction to results, market-adjusted4.15%0.00%Rank 92
Balance sheet & risk50.1around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio25.72%9.21%Rank 78
Net debt/EBITDAlower is better2.540.12Rank 30
Debt to equitylower is better1.420.90Rank 40
Volatility, 1 yearlower is better25.82%25.95%Rank 52

Ten years in figures

Revenue from $13.2B (2016) to $27.0B (2025), 8.3% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
201613.218.4%1.8524M3.8
201714.018.9%1.6519M4.3
201815.018.5%2.1511M4.8
201916.716.1%1.9511M13.1
202017.217.8%3.0512M11.5
202119.821.8%3.1513M11.4
202220.720.7%3.0505M12.0
202322.723.2%3.8499M12.1
202424.523.8%4.0496M19.5
202527.023.1%5.0490M18.8
3.6 / 10Not ratedStockScorer score4 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Marsh & McLennan Companies, Inc. mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 50%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Marsh & McLennan Companies, Inc.'s score is built

This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Marsh & McLennan Companies, Inc. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

4 of 11 points

The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksapplies

Detail data

How does Marsh & McLennan Companies, Inc. stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Growth Momentum (CAN SLIM principle)
  • Moat Quality
  • Levermann Strategy (13 Criteria)
  • Trending Value: Value + Momentum
  • Magic Formula: Value + Quality
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Earnings Quality: Accrual Check (Sloan)
  • Undervalued Stocks: Multi-Factor Check

Marsh & McLennan Companies, Inc. key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Marsh & McLennan Companies, Inc.

MetricStockSector
P/E ratio24.115.2
P/B ratio6.61.8
Return on equity (ROE)27.5%12.5%
Equity ratio25.7%9.2%
Debt-to-equity (D/E)1.420.90
Dividend yield1.8%3.3%

Similar stocks in Financial Services

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
MRSHMarsh & McLennan Companies, Inc.this page
AJGArthur J Gallagher & CoLow3.6
AONAon PLCLow3.6
WTWWillis Towers Watson PLCLow1.8
BROBrown & Brown Inclocked
ERIEErie Indemnity Companylocked

Frequently asked questions about Marsh & McLennan Companies, Inc. stock

How does Marsh & McLennan Companies, Inc. stock (MRSH) score in the StockScorer model?
Marsh & McLennan Companies, Inc. stock reaches a StockScorer score of 3.6 out of 10, but is not rated (exclusion rule: Exclusion: financial and real estate stocks).
What is Marsh & McLennan Companies, Inc.'s P/E ratio?
Marsh & McLennan Companies, Inc.'s P/E ratio is 24.1. The Financial Services sector median is 15.2.
What sector is Marsh & McLennan Companies, Inc. in?
Marsh & McLennan Companies, Inc. is assigned to the Financial Services sector. Its rank within the sector is 57.8 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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