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MRSH

S&P 500
Neutral · 55/100

Marsh McLennan

Financials
Insurance Brokers

$160.12

1.4%

Updated Today 7:15 PM ET

Price — Past Year

▼ Down 24.2% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$78.25B

P/E

19.85x

Forward P/E (est.)

20.25x

ROE

25.9%

Revenue Growth

9.9%

EPS Growth

-2.0%

Profit Margin

14.3%

FCF Yield

Debt / Equity

1.3x

ROIC

31.0%

Interest Coverage

10.77x

Current Ratio

1.11x

Dividend Yield

2.2%

Implied Growth (rev. DCF)

2.5%

Rating Score

55/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what MRSH's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. MRSH trades near $160.12, below its 50-day average ($167.06) and 200-day average ($180.93). Price below both averages is a downtrend — momentum is against buyers for now.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 58 it is in neutral territory — neither stretched nor washed out.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. MRSH's is $3.76 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month MRSH found buyers near $156.60 (support) and sellers near $170.15 (resistance); its 52-week range is $156.60–$220.32. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

Marsh McLennan (MRSH) is a large-cap company in the Insurance Brokers industry, part of the Financials sector of the S&P 500, with a market value around $78.25B.

In its latest reported year it generated about $26.98B in revenue and $4.16B in net profit.

Our model rates MRSH Neutral (55/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

3Y CAGR

9.2%

Revenue moved from $20.72B in 2022 to $26.98B in 2025, a 9.2% compound annual growth rate. The most recent year grew a steady 9.9% year over year. Slower, mature growth is common for established businesses.

Profitability
Research

Gross Margin

Operating Margin

23.1%

Net Margin

15.4%

ROE

25.9%

Marsh McLennan keeps about 14.3% of each sales dollar as net profit. Return on equity is 25.9% and return on invested capital about 31.0%. Margins are moderate — typical of a competitive but profitable business.

Debt Analysis
Research

Total Debt

$19.55B

Net Debt

$17.94B

Net Debt / EBITDA

2.88x

Debt / Equity

1.3x

Leverage: debt-to-equity is 1.3x, and operating profit covers interest about 10.8x, with a current ratio of 1.1x. That is a moderate, manageable debt load for most businesses. It carries roughly $19.55B of total debt against $1.61B of cash.

Cash Flow Analysis
Research

Operating CF

$5.29B

Free Cash Flow

$5.00B

FCF Margin

18.5%

In the latest year Marsh McLennan produced about $5.29B of operating cash flow and $5.00B of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis
Research

P/E

19.85x

P/S

2.96x

P/B

5.71x

EV / EBITDA

14.93x

MRSH trades at 19.8x trailing earnings (about 20.3x on estimated forward earnings), 3.0x sales, and 5.7x book value. Reverse-engineering today's price implies the market expects roughly 2.5% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
19.8xFair
Forward P/E
20.3xFair
P/S ratio
3.0xExpensive
Revenue growth
9.9%Strong
EPS growth
-2.0%Weak
Gross margin
Net margin
14.3%Strong
ROE
25.9%Strong

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How MRSH stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.

In the Financials sector (76 S&P 500 companies), MRSH ranks #61 of 76 by our overall rating. It trades at a premium versus the sector on earnings (19.8x P/E vs. 15.2x median) with a higher return on equity (25.9% vs. 15.3%) and faster revenue growth (9.9% vs. 9.1%).

P/E vs sector

19.8x

median 15.2x

ROE vs sector

25.9%

median 15.3%

Growth vs sector

9.9%

median 9.1%

Sector rank

#61

of 76 by rating

CompanyP/ERev Gr.Rating
MRSHThis stock19.8x9.9%Neutral· 55
AON17.2x6.9%Favorable· 68
AJG34x24.5%Neutral· 52
WTW14.5x0.9%Favorable· 61
BRO17.4x29.3%Favorable· 65
ERIE18.2x4.8%Favorable· 61
MCO31.6x8.9%Favorable· 62
APO68.1x26.2%Weak· 40
Financials median15.2x9.1%65/100

Valuation vs. quality map

sector medianAONAJGWTWBROERIEMCOAPOMRSHP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Financials companies by sub-industry and size. Sector median is across all 76 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$162.34$270.57

vs. $160.12 today · expected CAGR 0%11%

Metric20262027202820292030
Revenue$29.68B$32.65B$35.91B$39.50B$43.45B
Net income$4.45B$4.90B$5.39B$5.93B$6.52B
EPS$9.24$10.16$11.18$12.30$13.53
Share price (low)$110.88$121.97$134.17$147.58$162.34
Share price (high)$184.80$203.28$223.61$245.97$270.57
CAGR (low–high)-31% / 15%-13% / 13%-6% / 12%-2% / 11%0% / 11%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for MRSH:

  • Strong return on equity (25.9%) shows capital is put to work well.
  • Pays a 2.2% dividend on top of any price gains.
Bear Case

The case against MRSH:

  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Balance-sheet risk — debt/equity of 1.3x magnifies the impact of higher rates or weaker earnings.

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the picture is mixed: Marsh McLennan is a large-cap financials business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 19.8x earnings, which our model scores Neutral (55/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.