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MRSH

Marsh & McLennan Companies, Inc.

US$171.85+0.66% (US$1.12)
Day's range
US$169.97 – US$172.27
Day's volume
US$384.7m
52-week range
US$155.53 – US$202.59

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MRSH in numbers

Market cap
US$82bn
P/E
20.61
Dividend yield (12m)
2.72%
Net debt/EBITDA
3.10

The 12-month dividend yield of MRSH is 2.72%, above its 5-year average of 1.43%.

MRSH price history

02/10/202501/10/2026
Compare with

MRSH risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-2.00%-5.10%+11.00%
Volatility (annualised)21.46%19.70%19.86%
Largest drawdown-14.56%-32.97%-32.97%
Positive months7/1221/3634/60

How much did investing in MRSH return?

US$1,000.00 invested on 01/09/2021 would be worth US$1,218.94 today.

Value today in MRSH
US$1,218.94
Return over the period
+21.89%
Return per year
+4.04%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MRSH fundamentals

Valuation

  • P/E
    20.61
  • P/B
    —
  • EV/EBITDA
    15.91
  • EV/EBIT
    16.86
  • EV/Revenue
    3.65
  • P/EBIT
    13.57
  • P/S
    2.93
  • P/OCF
    16.15
  • P/FCF
    17.20
  • Earnings yield
    5.93%
  • PEG ratio
    —
  • Earnings per share
    US$8.34
  • Book value per share
    —

Debt

  • Net debt
    US$19.9bn
  • Net debt/EBITDA
    3.10
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.14
  • Quick ratio
    —
  • Cash ratio
    0.08

Efficiency

  • Gross margin
    —
  • EBITDA margin
    22.91%
  • Operating margin
    21.62%
  • Net margin
    14.24%
  • Asset turnover
    0.47

Profitability

  • ROE
    —
  • ROA
    6.67%
  • ROIC
    —
  • Payout
    56.11%

Growth

  • Revenue CAGR (5 years)
    8.62%
  • Earnings CAGR (5 years)
    9.81%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MRSH's fair price?

Two classic value formulas, with today's numbers. The current price is US$171.85.

Graham's fair price
—
MRSH's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$44.43
74.14% below the price

US$2.67 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MRSH indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E21.5925.6924.8026.8327.8029.4932.2324.41
EV/EBITDA16.2119.7018.2719.7719.1018.1820.5013.93
Dividend yield1.85%1.44%1.37%1.36%1.15%1.57%1.56%1.98%
Earnings per shareUS$8.59US$8.27US$7.64US$6.17US$6.25US$3.97US$3.46US$3.27
EBITDA margin24.40%25.29%24.86%22.50%25.52%22.10%19.96%21.77%
Net margin15.42%16.60%16.52%14.72%15.86%11.70%10.46%11.04%
Net debt/EBITDA2.572.841.792.211.822.563.611.56

MRSH financial statements

Line202520242023202220212020
Net revenueUS$27bnUS$24.5bnUS$22.7bnUS$20.7bnUS$19.8bnUS$17.2bn
Cost of sales——————
Gross profit——————
EBITDAUS$6.6bnUS$6.2bnUS$5.7bnUS$4.7bnUS$5.1bnUS$3.8bn
EBITUS$6.2bnUS$5.8bnUS$5.3bnUS$4.3bnUS$4.3bnUS$3.1bn
Net finance result——————
Profit before taxUS$5.5bnUS$5.5bnUS$5bnUS$4.1bnUS$4.2bnUS$2.8bn
Income tax-US$1.3bn-US$1.4bn-US$1.2bn-US$995m-US$1bn-US$747m
Net incomeUS$4.2bnUS$4.1bnUS$3.8bnUS$3.1bnUS$3.1bnUS$2bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MRSH pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend30/09/202613/11/2026US$0.99

Dividend yield per year

  • 1.76%2017
  • 1.98%2018
  • 1.56%2019
  • 1.57%2020
  • 1.15%2021
  • 1.36%2022
  • 1.37%2023
  • 1.44%2024
  • 1.85%2025
  • 1.62%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend22/07/202614/08/2026US$0.99
Dividend08/04/202615/05/2026US$0.90
Dividend28/01/202613/02/2026US$0.90
Dividend01/10/202514/11/2025US$0.90
Dividend23/07/202515/08/2025US$0.90
Dividend02/04/202515/05/2025US$0.82
Dividend29/01/202514/02/2025US$0.82
Dividend03/10/202415/11/2024US$0.82
Dividend24/07/202415/08/2024US$0.82
Dividend02/04/202415/05/2024US$0.71
Dividend23/01/202415/02/2024US$0.71
Dividend04/10/202315/11/2023US$0.71
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend25/07/202315/08/2023US$0.71
Dividend03/04/202315/05/2023US$0.59
Dividend24/01/202315/02/2023US$0.59
Dividend05/10/202215/11/2022US$0.59
Dividend26/07/202215/08/2022US$0.59
Dividend04/04/202213/05/2022US$0.54
Dividend25/01/202215/02/2022US$0.54
Dividend06/10/202115/11/2021US$0.54
Dividend27/07/202113/08/2021US$0.54
Dividend05/04/202114/05/2021US$0.47
Dividend28/01/202112/02/2021US$0.47
Dividend07/10/202013/11/2020US$0.47
Dividend23/07/202014/08/2020US$0.47
Dividend06/04/202015/05/2020US$0.46
Dividend27/01/202014/02/2020US$0.46
Dividend09/10/201915/11/2019US$0.46
Dividend09/07/201915/08/2019US$0.46
Dividend08/04/201915/05/2019US$0.42
Dividend28/01/201915/02/2019US$0.42
Dividend09/10/201815/11/2018US$0.42
Dividend09/07/201815/08/2018US$0.42
Dividend06/04/201815/05/2018US$0.38
Dividend29/01/201815/02/2018US$0.38
Dividend05/10/201715/11/2017US$0.38
Dividend06/07/201715/08/2017US$0.38
Dividend04/04/201715/05/2017US$0.34
Dividend20/01/201715/02/2017US$0.34
Dividend05/10/201615/11/2016US$0.34

About Marsh & Mclennan Companies

Sector
Finance, insurance and real estate

Questions about MRSH

How much is MRSH today?

MRSH is at US$171.85 (0.66% on the day), last traded on 01/10/2026.

How much did MRSH pay in dividends in 2025?

MRSH paid US$3.43 per share in 2025, a dividend yield of 1.85%.

When is the next MRSH dividend?

The next announced payment is US$0.99 per share on 13/11/2026.

How much did MRSH return in 12 months?

MRSH returned -2.00% in 12 months, with annualised volatility of 21.46% and a largest drawdown of -14.56%.