Marsh & McLennan Companies (MRSH) Ratios
Marsh & McLennan Companies Ratios
MX:MRSH's free cash flow for Q3 2026 was $1.40B. For the 2026 fiscal year, MX:MRSH's free cash flow was decreased by $-81.00M and operating cash flow was $1.48B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.10 | 1.13 | 1.10 | 0.47 | 1.24 |
| Quick Ratio | 1.10 | 1.13 | 1.10 | 0.47 | 1.24 |
| Cash Ratio | 0.13 | 0.12 | 0.17 | 0.08 | 0.26 |
| Solvency Ratio | 0.12 | 0.11 | 0.13 | 0.17 | 0.17 |
| Operating Cash Flow Ratio | 0.25 | 0.22 | 0.22 | 0.19 | 0.53 |
| Short-Term Operating Cash Flow Coverage | 4.18 | 8.29 | 2.63 | 12.93 | 206.82 |
| Net Current Asset Value | $ -20.20B | $ -20.83B | $ -13.91B | $ -14.41B | $ -14.90B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.37 | 0.39 | 0.32 | 0.40 | 0.38 |
| Debt-to-Equity Ratio | 1.42 | 1.64 | 1.27 | 1.28 | 1.20 |
| Debt-to-Capital Ratio | 0.59 | 0.62 | 0.56 | 0.56 | 0.54 |
| Long-Term Debt-to-Capital Ratio | 0.55 | 0.59 | 0.49 | 0.52 | 0.50 |
| Financial Leverage Ratio | 3.89 | 4.23 | 3.94 | 3.18 | 3.12 |
| Debt Service Coverage Ratio | 2.73 | 4.56 | 2.32 | 5.80 | 9.47 |
| Interest Coverage Ratio | 6.48 | 8.31 | 9.14 | 9.13 | 9.71 |
| Debt to Market Cap | 0.22 | 0.19 | 0.14 | 0.14 | 0.12 |
| Interest Debt Per Share | 46.01 | 45.86 | 32.42 | 27.94 | 26.84 |
| Net Debt to EBITDA | 2.54 | 2.81 | 1.91 | 2.28 | 2.11 |
| Profitability Margins | |||||
| Gross Profit Margin | 42.27% | 42.78% | 42.39% | 41.74% | 42.36% |
| EBIT Margin | 24.04% | 25.27% | 24.65% | 21.96% | 23.47% |
| EBITDA Margin | 27.41% | 28.32% | 27.78% | 25.43% | 27.24% |
| Operating Profit Margin | 23.06% | 23.78% | 23.23% | 20.66% | 21.76% |
| Pretax Profit Margin | 20.53% | 22.41% | 22.11% | 19.70% | 21.23% |
| Net Profit Margin | 15.42% | 16.60% | 16.52% | 14.72% | 15.86% |
| Continuous Operations Profit Margin | 15.69% | 16.83% | 16.72% | 14.90% | 16.01% |
| Net Income Per EBT | 75.10% | 74.09% | 74.73% | 74.72% | 74.69% |
| EBT Per EBIT | 89.01% | 94.21% | 95.15% | 95.37% | 97.59% |
| Return on Assets (ROA) | 7.09% | 7.19% | 7.82% | 9.12% | 9.14% |
| Return on Equity (ROE) | 27.55% | 30.43% | 30.81% | 28.99% | 28.55% |
| Return on Capital Employed (ROCE) | 16.53% | 15.74% | 18.71% | 27.40% | 15.55% |
| Return on Invested Capital (ROIC) | 12.12% | 11.56% | 13.25% | 19.98% | 11.58% |
| Return on Tangible Assets | 14.27% | 14.32% | 13.33% | 20.80% | 20.59% |
| Earnings Yield | 4.60% | 3.88% | 4.01% | 3.69% | 3.57% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.52 | 3.42 | 3.54 | 3.54 | 3.55 |
| Payables Turnover | 4.27 | 4.11 | 3.85 | 3.68 | 3.61 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 11.79 | 10.38 | 9.38 | 8.52 | 7.30 |
| Asset Turnover | 0.46 | 0.43 | 0.47 | 0.62 | 0.58 |
| Working Capital Turnover Ratio | 11.39 | 10.75 | -6.00 | -5.23 | 12.50 |
| Cash Conversion Cycle | 18.19 | 18.07 | 8.21 | 3.97 | 1.76 |
| Days of Sales Outstanding | 103.76 | 106.79 | 103.03 | 103.09 | 102.87 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 85.57 | 88.72 | 94.82 | 99.12 | 101.11 |
| Operating Cycle | 103.76 | 106.79 | 103.03 | 103.09 | 102.87 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 10.87 | 8.74 | 8.62 | 6.94 | 6.93 |
| Free Cash Flow Per Share | 10.27 | 8.10 | 7.78 | 6.00 | 6.13 |
| Dividend Paid and CapEx Coverage Ratio | 2.66 | 2.35 | 2.48 | 2.15 | 2.46 |
| Capital Expenditure Coverage Ratio | 18.19 | 13.61 | 10.24 | 7.37 | 8.66 |
| Operating Cash Flow Coverage Ratio | 0.25 | 0.20 | 0.28 | 0.26 | 0.27 |
| Operating Cash Flow to Sales Ratio | 0.20 | 0.18 | 0.19 | 0.17 | 0.18 |
| Free Cash Flow Yield | 5.54% | 3.81% | 4.10% | 3.63% | 3.53% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 21.88 | 25.75 | 24.92 | 27.07 | 28.04 |
| Price-to-Sales (P/S) Ratio | 3.35 | 4.27 | 4.12 | 3.99 | 4.45 |
| Price-to-Book (P/B) Ratio | 5.98 | 7.83 | 7.68 | 7.85 | 8.00 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 18.07 | 26.22 | 24.36 | 27.57 | 28.34 |
| Price-to-Operating Cash Flow Ratio | 17.07 | 24.29 | 21.98 | 23.83 | 25.06 |
| Price-to-Earnings Growth (PEG) Ratio | 7.85 | 3.01 | 1.02 | -18.65 | 0.50 |
| Enterprise Value Multiple | 14.75 | 17.90 | 16.73 | 17.95 | 18.44 |
| Enterprise Value | 109.11B | 123.97B | 105.68B | 94.60B | 99.54B |
| EV to EBITDA | 14.75 | 17.90 | 16.73 | 17.95 | 18.44 |
| EV to Sales | 4.04 | 5.07 | 4.65 | 4.57 | 5.02 |
| EV to Free Cash Flow | 21.82 | 31.10 | 27.51 | 31.59 | 32.01 |
| EV to Operating Cash Flow | 20.62 | 28.82 | 24.82 | 27.30 | 28.31 |
| Tangible Book Value Per Share | -29.23 | -29.66 | -15.16 | -16.11 | -15.59 |
| Shareholders’ Equity Per Share | 31.01 | 27.12 | 24.68 | 21.08 | 21.71 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | 0.25 | 0.24 | 0.24 | 0.25 |
| Revenue Per Share | 55.40 | 49.71 | 46.02 | 41.52 | 39.09 |
| Net Income Per Share | 8.54 | 8.25 | 7.60 | 6.11 | 6.20 |
| Tax Burden | 0.75 | 0.74 | 0.75 | 0.75 | 0.75 |
| Interest Burden | 0.85 | 0.89 | 0.90 | 0.90 | 0.90 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Income Quality | 1.25 | 1.06 | 1.12 | 1.12 | 1.11 |
Currency in USD