Marsh & McLennan Companies, Inc.
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 16.7 | 28.7 | 19.4 | 35.9 | 28.1 | 31.6 | 18.9 | 17.0 | 46.8 | 42.7 | 17.3 | 5.8 | – | 51.0 | 17.4 | 17.5 | 16.2 | 19.9 | 21.6 | 18.6 | 20.0 | 28.3 | 24.7 | 32.7 | 29.7 | 28.4 | 27.4 | 25.2 | 25.9 | 21.8 | |
| 1.7 | 2.1 | 2.1 | 2.8 | 3.2 | 3.1 | 2.5 | 2.3 | 1.5 | 1.5 | 1.4 | 1.3 | 1.2 | 1.2 | 1.4 | 1.5 | 1.6 | 2.2 | 2.4 | 2.3 | 2.7 | 3.0 | 2.7 | 3.4 | 3.5 | 4.5 | 4.0 | 4.2 | 4.3 | 3.4 | |
| 4.1 | 3.9 | 4.2 | 6.2 | 6.4 | 6.0 | 5.1 | 4.8 | 3.5 | 3.2 | 2.9 | 1.8 | 2.2 | 2.0 | 2.3 | 3.0 | 2.9 | 3.4 | 4.5 | 4.6 | 5.7 | 5.7 | 5.4 | 7.3 | 6.6 | 8.1 | 7.9 | 7.8 | 7.9 | 6.0 | |
| 1.8 | 2.0 | 2.4 | 2.9 | 3.2 | 3.1 | 2.5 | 2.2 | 1.4 | 1.4 | 1.4 | 1.1 | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 | 2.0 | 2.3 | 2.2 | 2.6 | 2.9 | 2.7 | 3.4 | 3.4 | 5.0 | 4.5 | 4.6 | 5.0 | 4.0 | |
| 9.1 | 12.3 | 10.1 | 14.1 | 12.5 | 13.6 | 9.8 | 9.0 | 15.9 | 14.6 | 11.2 | 9.8 | 10.1 | 8.9 | 9.5 | 8.0 | 7.6 | 10.0 | 11.4 | 9.8 | 11.2 | 12.3 | 13.2 | 15.9 | 14.5 | 18.3 | 17.8 | 16.6 | 17.8 | 14.6 | |
| 48.1 | – | 28.9 | 91.3 | 39.0 | 32.6 | 30.0 | 18.3 | 10.4 | 319.8 | 29.9 | – | 27.7 | 34.6 | 32.9 | 12.2 | 19.0 | 28.7 | 18.1 | 19.0 | 20.2 | 26.6 | 19.3 | 29.3 | 19.7 | 28.7 | 27.9 | 24.6 | 26.4 | 18.2 | |
| 2.1% | -2.1% | 3.5% | 1.1% | 2.6% | 3.1% | 3.3% | 5.5% | 9.6% | 0.3% | 3.3% | -4.2% | 3.6% | 2.9% | 3.0% | 8.2% | 5.3% | 3.5% | 5.5% | 5.3% | 5.0% | 3.8% | 5.2% | 3.4% | 5.1% | 3.5% | 3.6% | 4.1% | 3.8% | 5.5% | |
| Margins | ||||||||||||||||||||||||||||||
| 19.4% | 16.6% | 23.5% | 20.7% | 21.1% | 19.6% | 21.8% | 21.5% | 70.4% | 67.3% | 40.3% | 100.0% | 100.0% | 100.0% | 38.7% | 39.5% | 40.2% | 41.1% | 42.0% | 43.1% | 41.8% | 42.3% | 42.4% | 41.5% | 41.2% | 42.4% | 41.7% | 42.4% | 42.8% | 42.3% | |
| 16.2% | 13.3% | 19.7% | 16.0% | 21.1% | 17.9% | 21.8% | 21.5% | 5.1% | 5.1% | 8.0% | 7.6% | 6.3% | 7.9% | 8.9% | 14.2% | 15.3% | 16.9% | 17.8% | 18.8% | 18.4% | 18.9% | 18.5% | 16.1% | 17.8% | 21.8% | 20.7% | 23.2% | 23.8% | 23.1% | |
| 10.4% | 7.2% | 11.1% | 7.9% | 11.5% | 9.9% | 13.1% | 13.3% | 3.2% | 3.5% | 8.3% | 22.1% | -0.7% | 2.3% | 8.1% | 8.6% | 9.9% | 11.1% | 11.3% | 12.4% | 13.4% | 10.6% | 11.0% | 10.5% | 11.7% | 15.9% | 14.7% | 16.5% | 16.6% | 15.4% | |
| 3.6% | -4.3% | 7.4% | 3.1% | 8.3% | 9.6% | 8.2% | 12.3% | 14.4% | 0.5% | 4.8% | -5.4% | 4.2% | 3.4% | 4.3% | 12.4% | 8.4% | 7.7% | 13.5% | 12.1% | 13.3% | 11.3% | 14.1% | 11.7% | 17.6% | 15.7% | 14.5% | 16.9% | 16.3% | 18.5% | |
| Returns | ||||||||||||||||||||||||||||||
| 24.3% | 13.4% | 21.8% | 17.4% | 22.6% | 18.8% | 27.2% | 28.3% | 7.4% | 7.5% | 17.0% | 31.6% | -1.3% | 3.9% | 13.4% | 16.9% | 18.0% | 17.2% | 20.8% | 24.6% | 28.6% | 20.3% | 22.0% | 22.4% | 22.1% | 28.5% | 29.0% | 30.8% | 30.4% | 27.5% | |
| 10.1% | 5.5% | 6.7% | 5.6% | 8.6% | 7.3% | 9.9% | 10.2% | 2.1% | 2.3% | 5.5% | 14.3% | -0.5% | 1.5% | 5.6% | 6.4% | 7.2% | 8.0% | 8.2% | 8.8% | 9.7% | 7.3% | 7.6% | 5.6% | 6.1% | 9.1% | 6.9% | 7.8% | 7.2% | 7.1% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| 93 | -187 | 1,624 | 703 | 97 | 220 | -3.0 | -218 | -760 | -1,522 | -978 | -1,873 | -1,277 | -1,219 | -1,886 | -1,853 | -2,041 | -1,969 | -1,947 | -1,362 | -714 | -943 | -752 | 402 | -1,230 | 9,530 | 10,363 | 10,417 | 17,874 | 17,233 | |
| 0.1 | -0.2 | 1.0 | 0.4 | 0.0 | 0.1 | 0.0 | -0.1 | -0.7 | -1.4 | -0.7 | -1.5 | -1.1 | -1.1 | -1.4 | -1.0 | -0.9 | -0.8 | -0.7 | -0.5 | -0.2 | -0.3 | -0.2 | 0.1 | -0.3 | 1.8 | 2.0 | 1.6 | 2.6 | 2.3 | |
| 41.6% | 40.9% | 30.8% | 32.0% | 38.0% | 38.9% | 36.2% | 36.2% | 27.6% | 30.0% | 32.1% | 45.1% | 37.6% | 38.0% | 41.6% | 38.1% | 40.1% | 46.7% | 39.5% | 35.8% | 34.0% | 36.0% | 34.8% | 24.9% | 27.6% | 32.0% | 23.8% | 25.4% | 23.6% | 25.7% | |
| 0.2 | 0.1 | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.2 | 0.1 | 1.0 | 1.1 | 1.1 | 1.5 | 1.3 | |
| Per Share | ||||||||||||||||||||||||||||||
| 1.04 | 0.87 | 1.51 | 1.33 | 2.08 | 1.70 | 2.45 | 2.81 | 0.70 | 0.74 | 1.78 | 4.53 | -0.14 | 0.43 | 1.57 | 1.80 | 2.13 | 2.43 | 2.65 | 2.98 | 3.37 | 2.87 | 3.23 | 3.41 | 3.94 | 6.13 | 6.04 | 7.53 | 8.19 | 8.49 | |
| 9.98 | 11.98 | 13.62 | 16.83 | 18.15 | 17.23 | 18.74 | 21.15 | 21.98 | 21.46 | 21.40 | 20.47 | 20.83 | 18.76 | 19.39 | 20.92 | 21.60 | 21.97 | 23.42 | 24.05 | 25.21 | 27.02 | 29.26 | 32.59 | 33.64 | 38.64 | 41.03 | 45.56 | 49.31 | 55.06 | |
| 4.28 | 6.44 | 6.93 | 7.67 | 9.20 | 9.03 | 9.01 | 9.95 | 9.45 | 9.87 | 10.45 | 14.33 | 11.11 | 11.12 | 11.71 | 10.68 | 11.85 | 14.17 | 12.76 | 12.15 | 11.82 | 14.18 | 14.70 | 15.25 | 17.78 | 21.46 | 20.83 | 24.43 | 26.90 | 30.82 | |
| 0.36 | -0.52 | 1.01 | 0.52 | 1.50 | 1.65 | 1.54 | 2.61 | 3.16 | 0.10 | 1.03 | -1.12 | 0.88 | 0.64 | 0.83 | 2.59 | 1.82 | 1.68 | 3.15 | 2.92 | 3.35 | 3.07 | 4.14 | 3.80 | 5.93 | 6.06 | 5.93 | 7.70 | 8.04 | 10.21 | |
Data as of: October 5, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.