Marsh McLennan

Financials Insurance Brokers New York City, New York Last filing Feb 9, 2026 · FY2025

                    Revenue
                    FY2025
                
Not reported
                    
                    No matching line (16 accounts checked)
                    
                    Net income
                    FY2025
                
$4.2B
                    
                    +2.5%
                    
                    Total assets
                    FY2025
                
$58.7B
                    ROA +7.1%
                    
                    P82
                    
                    +3.9%
                    
                    Operating cash flow
                    FY2025
                
$5.3B
                    
                    +23.0%

20 yrs · FY2006–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $58.7B

Total liabilities $21.1B

Shareholders equity $15.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+11.3%	+11.2%	+18.5%	+5.8%	+11.3%	+19.5%	+4.0%	+1.9%	+17.4%	—
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	+8.6%	+8.8%	+8.4%	+8.2%	+8.9%	+10.0%	+12.9%	+8.9%	+13.5%	—
Prepaid Expenses	+22.8%	+25.1%	+27.5%	+29.3%	+33.9%	+36.2%	+46.6%	+60.1%	+4.2%	—
Other Current Assets	+22.8%	+25.1%	+27.5%	+29.3%	+33.9%	+36.2%	+46.6%	+60.1%	+4.2%	—
Total Current Assets	+18.9%	+20.8%	+23.8%	+9.2%	+11.1%	+13.7%	+13.1%	+10.2%	+13.9%	—
Property,Plant and Equipment	+1.5%	+2.1%	+2.8%	+3.1%	+3.2%	+4.2%	+5.8%	-1.7%	-1.8%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+12.6%	+13.7%	+10.9%	+11.7%	+14.3%	+16.7%	+20.6%	+7.1%	+8.6%	—
Intangible Assets	+17.3%	+19.9%	+12.9%	+14.5%	+20.1%	+24.4%	+35.1%	+13.0%	+13.1%	—
Long Term Investments	-2.8%	-5.0%	-5.3%	-9.4%	-11.9%	-7.9%	+3.7%	-14.1%	+4.1%	—
Deferred Tax Assets	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	+4.4%	+4.5%	+3.9%	+3.0%	+3.8%	+4.7%	+13.1%	+12.6%	+17.9%	—
Total Assets	+13.9%	+15.2%	+14.9%	+10.7%	+13.6%	+16.1%	+19.9%	+8.9%	+12.3%	—
Liabilities
Accounts Payable	+7.1%	+7.1%	+8.1%	+8.9%	+10.0%	+11.6%	+11.7%	+6.5%	+5.8%	—
Accrued Liabilities	+10.2%	+10.3%	+10.6%	+11.0%	+12.2%	+9.7%	+9.9%	+3.6%	+3.8%	—
Current Portion of Long Term Debt	+19.1%	+8.9%	+29.7%	+0.4%	-42.1%	+18.5%	+66.8%	+9.5%	+0.0%	—
Operating Lease Liabilities	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	+4.4%	+3.5%	+4.1%	+6.1%	+12.3%	+11.6%	+13.4%	+19.3%	+37.0%	—
Total Current Liabilities	+20.0%	+21.6%	+25.3%	+9.8%	+10.3%	+12.6%	+17.8%	+9.8%	+4.4%	—
Long Term Debt	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Liabilities	+4.4%	+3.5%	+4.1%	+6.1%	+12.3%	+11.6%	+13.4%	+19.3%	+37.0%	—
Total Liabilities	+20.0%	+21.6%	+25.3%	+9.8%	+10.3%	+12.6%	+17.8%	+9.8%	+4.4%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+7.0%	+6.3%	+5.7%	+5.8%	+5.7%	+2.9%	+0.8%	-1.5%	-6.9%	—
Retained Earnings	+9.4%	+9.3%	+9.1%	+8.6%	+8.2%	+7.1%	+7.1%	+7.6%	+6.1%	—
Treasury Stock	+15.7%	+15.0%	+16.0%	+16.3%	-13.7%	+9.2%	+14.6%	+19.3%	+23.0%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Noncontrolling Interest	+11.6%	+11.6%	+12.2%	+19.2%	+21.6%	+18.2%	+23.3%	-4.5%	+3.8%	—
Total Stockholders Equity	+10.4%	+10.1%	+10.2%	+9.4%	+12.3%	+10.2%	+8.2%	+10.0%	+18.7%	—
Total Liabilitiesand Equity	+13.9%	+15.2%	+14.9%	+10.7%	+13.6%	+16.1%	+19.9%	+8.9%	+12.3%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue Not reported

Operating income $6.2B

Net income $4.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Expenses Depreciation and Amortization	-2.1%	-2.1%	-2.4%	-2.3%	+11.3%	+14.0%	+13.9%	+6.2%	+9.8%	—
Expenses Share Based Compensation	+15.3%	+16.4%	+18.8%	+22.4%	+26.1%	+27.7%	+32.2%	+33.1%	+36.7%	—
Expenses Restructuring and Asset Impairment	+19.7%	+25.8%	+31.6%	+46.0%	+9.7%	+19.3%	+36.5%	+91.3%	-9.1%	—
Expenses Operating Expenses	+7.6%	+7.1%	+7.1%	+7.3%	+7.5%	+7.1%	+9.0%	+6.3%	+5.5%	—
Other Income Expense Operating Income	+11.0%	+11.5%	+11.7%	+9.9%	+12.1%	+6.0%	+3.3%	+6.6%	+9.2%	—
Other Income Expense Interest Income	+28.6%	+42.1%	+48.1%	+20.1%	-16.7%	+8.8%	+98.3%	+48.3%	+80.0%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	+9.3%	+10.4%	+10.6%	+8.7%	+11.2%	+3.0%	-0.6%	-4.9%	+6.6%	—
Income Tax Income Tax Expense	+7.4%	+9.0%	+8.6%	+6.4%	+8.6%	+2.2%	-0.9%	-8.5%	+65.4%	—
net Income net Income	+10.0%	+11.0%	+11.4%	+9.5%	+12.2%	+3.3%	-0.5%	-3.4%	-15.6%	—
net Income Comprehensive Income	+21.0%	+16.9%	+22.8%	+17.1%	+32.7%	+21.7%	+14.2%	+8.8%	+184.0%	—
Earnings Per Share Basic Eps	+10.7%	+11.7%	+12.1%	+10.2%	+12.7%	+3.9%	+0.3%	-2.2%	-14.7%	—
Earnings Per Share Diluted Eps	+10.7%	+11.7%	+12.1%	+10.2%	+12.6%	+3.9%	+0.3%	-2.2%	-15.1%	—
Earnings Per Share Weighted Average Shares Basic	-0.6%	-0.7%	-0.7%	-0.7%	-0.5%	-0.6%	-0.8%	-1.3%	-1.2%	—
Earnings Per Share Weighted Average Shares Diluted	-0.7%	-0.7%	-0.7%	-0.6%	-0.4%	-0.6%	-0.8%	-1.2%	-1.0%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $5.3B

Investing cash flow $-845.0M

Financing cash flow $-4.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	+10.0%	+11.0%	+11.4%	+9.5%	+12.2%	+3.3%	-0.5%	-3.4%	-15.6%	—
Operating Activities Depreciation and Amortization	-2.1%	-2.1%	-2.4%	-2.3%	+11.3%	+14.0%	+13.9%	+6.2%	+9.8%	—
Operating Activities Stock Based Compensation	+15.3%	+16.4%	+18.8%	+22.4%	+26.1%	+27.7%	+32.2%	+33.1%	+36.7%	—
Operating Activities Deferred Income Taxes	+6.8%	+11.0%	—	—	—	-12.4%	+7.3%	—	+482.4%	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+11.4%	+10.0%	+11.3%	+9.5%	+11.9%	+13.9%	+5.6%	+10.0%	-5.7%	—
Investing Activities Capital Expenditures	+1.6%	+2.8%	+7.4%	+10.9%	+9.9%	+8.3%	+18.5%	+11.4%	+19.4%	—
Investing Activities Business Acquisitions	-2.4%	+34.2%	+2.6%	-5.7%	—	-5.5%	+73.3%	+4.3%	-19.4%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	+52.0%	+84.6%	+55.7%	+76.7%	+143.0%	+280.5%	+345.9%	+368.2%	+2525.0%	—
Financing Activities Repurchase of Common Stock	+10.8%	+1.5%	+5.3%	+16.0%	+7.7%	—	-15.4%	-8.1%	+12.5%	—
Financing Activities Dividends Paid	+10.7%	+10.5%	+9.6%	+8.9%	+8.5%	+8.4%	+9.3%	+8.8%	+8.5%	—
Financing Activities Proceeds From Stock Issuance	+3.8%	+3.3%	+1.4%	-11.7%	-0.5%	-9.1%	+0.3%	-33.4%	+20.2%	—
Financing Activities Tax Withholding On Stock Based Compensation	+16.0%	+21.1%	+21.0%	+31.1%	+21.0%	+35.6%	+31.7%	+31.1%	+25.6%	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Cash At Beginning of Period	+33.9%	+38.2%	+45.5%	+50.9%	+61.8%	+79.6%	+102.3%	+1.9%	+17.4%	—
Cash Reconciliation Cash At End of Period	+33.9%	+38.2%	+45.5%	+50.9%	+61.8%	+79.6%	+102.3%	+1.9%	+17.4%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	—	—	—	—	—	—	—	—	—	—
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	—	—	—	—	—	—	—	—	—	—
Returns
ROE	+27.2%	+30.0%	+30.4%	+28.4%	+28.0%	+21.8%	+21.9%	+21.8%	+20.0%	+28.2%
ROA	+7.1%	+7.2%	+7.8%	+9.1%	+9.1%	+6.1%	+5.6%	+7.6%	+7.3%	+9.7%
ROIC	+14.8%	+14.1%	+17.8%	+15.6%	+15.9%	+12.2%	+10.4%	+30.1%	+23.3%	+31.9%
Liquidity
Current ratio	1.10x	1.13x	1.10x	1.16x	1.24x	1.24x	1.06x	1.21x	1.31x	1.20x
Quick ratio	0.49x	0.49x	0.49x	1.02x	1.10x	1.13x	0.96x	1.09x	1.25x	1.14x
Leverage
D/E	1.38x	1.44x	1.60x	0.67x	0.59x	0.71x	0.84x	0.65x	0.57x	0.65x
Interest coverage	—	—	9.14x	9.13x	9.71x	5.95x	5.11x	9.52x	11.20x	12.86x
Efficiency
Asset turnover	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

Valuation

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FY2025 fundamentals · no price

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Marsh McLennan

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