profit from every $100 of sales.
$0$100
Marsh & McLennan Companies
$207.78+1.02% today
+13.0% in 1 year
1-year low $157.321-year high $210.38
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $23.75 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Marsh & McLennan Companies sold, what it kept, and what it did with the cash.
Sales went from $20.7 billion in 2022 to $27.0 billion in 2025, with $4.16 billion of profit last year.
SalesProfit
Marsh & McLennan Companies handed back 74% of the cash it generated last year.
Buybacks $2.0B$1.7B
Free cash flow 2025$5.0B
Bought back its own shares$2.0B
Paid as dividends$1.7B
Cash vs. debt$2.7B vs. $21.4B
Marsh & McLennan Companies vs. similar companies
Marsh & McLennan Companies grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Marsh & McLennan Companies | 23.8× · Fair price | ||
 Arthur J. Gallagher & | 48.6× · Expensive | ||
 Aon | 19.4× · Fair price | ||
 Ryan Specialty Holdings | 187.4× · Very expensive | ||
 PB Fintech | 76.6× · Very expensive |
Compare Marsh & McLennan Companies with Arthur J. Gallagher & · Aon · Chubb · i BBCA ID SDR 1to2 · Mastercard · Moody's · S&P Global · Visa
AI analysis
An AI analyst reads Marsh & McLennan Companies's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 17,224 | 19,820 | 20,720 | 22,736 | 24,458 | 26,981 | |
| – | – | 8,649 | 9,637 | 10,462 | 11,404 | |
| 3,066 | 4,312 | 4,280 | 5,282 | 5,817 | 6,223 | |
| 4,400 | 5,764 | 5,270 | 6,317 | 6,926 | 7,409 | |
| 2,016 | 3,143 | 3,050 | 3,756 | 4,060 | 4,160 | |
| 3.94 | 6.13 | 6.04 | 7.53 | 8.18 | 8.43 | |
| – | – | 41.7% | 42.4% | 42.8% | 42.3% | |
| 17.8% | 21.8% | 20.7% | 23.2% | 23.8% | 23.1% | |
| 11.7% | 15.9% | 14.7% | 16.5% | 16.6% | 15.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 33,049 | 44,010 | 44,114 | 48,030 | 56,481 | 58,710 |
| Cash | 2,089 | 1,752 | 1,442 | 3,358 | 2,398 | 2,687 |
| Total debt | 13,579 | 13,162 | 13,472 | 15,436 | 21,862 | 21,449 |
| Total liabilities | – | – | 33,365 | 35,660 | 42,946 | 43,395 |
| 9,260 | 11,222 | 10,520 | 12,191 | 13,342 | 15,100 | |
| 512 | 513 | 505 | 499 | 496 | 494 | |
| 11.4% | 15.1% | 15.0% | 16.0% | 13.9% | 14.0% | |
| 21.8% | 28.0% | 29.0% | 30.8% | 30.4% | 27.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 3,382 | 3,516 | 3,465 | 4,258 | 4,302 | 5,292 | |
| 348 | 406 | 470 | 416 | 316 | 291 | |
| 3,034 | 3,110 | 2,995 | 3,842 | 3,986 | 5,001 | |
| Dividends paid | 943 | 1,026 | 1,138 | 1,298 | 1,513 | 1,699 |
| 0 | 1,159 | 1,950 | 1,150 | 900 | 2,012 | |
| 290 | 348 | 367 | 363 | 368 | 394 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 23.8×
- 20.0×
- 1.45
- 6.0×
- 3.7×
- 4.2%
- 2.3%
Profitability
- 15.4%
- 14.4%
- 15.1%
- 25.9%
- 6.7%
Growth
- +9.4%
- +16.4%
- +13.3%
- −0.7%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 16%of 754
Top 47%of 605
Bottom 24%of 883
Bottom 49%of 880
Top 47%of 929
What analysts expect
- Average price target
- $207.11
- Range
- $190.00 – $236.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 16, 2026 | 3.29 | 3.22 | +2.2% |
| Jan 29, 2026 | 2.12 | 1.97 | +7.6% |
| Oct 16, 2025 | 1.85 | 1.78 | +3.9% |
| Jul 17, 2025 | 2.72 | 2.67 | +1.9% |
| Apr 17, 2025 | 3.06 | 3.02 | +1.3% |
| Jan 30, 2025 | 1.87 | 1.76 | +6.3% |
| Oct 17, 2024 | 1.63 | 1.61 | +1.2% |
| Jul 18, 2024 | 2.41 | 2.40 | +0.4% |
2.3%of the share price, paid each year
On $1,000 invested$23a year at today's yield, before tax
+13.3%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$1.18 in 2015 → $3.43 in 2025
How safe it looks
40.8% of its profit
Room to growStretchedMore than it earns: 34.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
56No pass
Benjamin Graham
41No pass
Philip Fisher
68Pass
Peter Lynch
57No pass
Joel Greenblatt
33No pass
Charlie Munger
55No pass
Terry Smith
57No pass
Questions about Marsh & McLennan Companies
Is Marsh & McLennan Companies a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Marsh & McLennan Companies AI analysis
What does Marsh & McLennan Companies do?
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. It is in Insurance Brokers, based in New York, NY, United States, with 95,000 employees.
Does Marsh & McLennan Companies pay a dividend?
Yes. At today's price the dividend is 2.3% a year, about 41% of its yearly profit. In 2025 it paid out $1.70 billion in dividends.
Is Marsh & McLennan Companies stock halal?
Questionable. Marsh & McLennan Companies sits in a grey zone: scholars disagree about its industry. How we check
How has Marsh & McLennan Companies stock done over the past year?
Up 13.0% over the past twelve months, to $207.78. It traded between $157.32 and $210.38, close to its high.
Who are Marsh & McLennan Companies's competitors?
The largest listed companies in the same industry are Arthur J. Gallagher &, Aon, Ryan Specialty Holdings and PB Fintech. The peers table on this page compares their profit, growth and price with Marsh & McLennan Companies's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.