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

Year-over-year change per cell; first column has no prior.

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	+12.1%	-28.6%	+132.9%	-17.7%	-16.1%	+80.9%	+8.3%	-11.5%	+17.4%	—
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	+7.2%	+11.5%	+9.7%	+4.8%	+4.9%	+1.7%	+21.3%	+4.5%	+13.5%	—
Prepaid Expenses	+6.4%	+9.3%	+17.2%	+8.5%	+25.1%	+9.3%	+22.9%	+146.0%	+4.2%	—
Other Current Assets	+6.4%	+9.3%	+17.2%	+8.5%	+25.1%	+9.3%	+22.9%	+146.0%	+4.2%	—
Total Current Assets	+4.9%	+1.7%	+162.1%	+0.4%	+1.3%	+15.4%	+19.1%	+6.7%	+13.9%	—
Property,Plant and Equipment	-3.5%	-2.6%	+1.3%	+2.8%	-1.1%	-0.2%	+22.4%	-1.5%	-1.8%	—
Operating Lease Assets	-2.5%	-2.8%	-1.3%	-16.4%	-1.4%	-1.4%	—	—	—	—
Goodwill	+4.4%	+35.3%	+6.0%	-0.4%	+5.2%	+5.8%	+52.8%	+5.6%	+8.6%	—
Intangible Assets	-1.5%	+83.3%	+3.7%	-9.7%	+4.1%	-2.7%	+93.0%	+12.8%	+13.1%	—
Long Term Investments	+17.1%	-3.4%	+23.7%	+3.9%	-26.1%	-35.5%	+51.2%	-29.1%	+4.1%	—
Deferred Tax Assets	-10.5%	-33.6%	-0.3%	-35.0%	-21.5%	+3.8%	—	—	—	—
Other Noncurrent Assets	+3.2%	+8.8%	+9.7%	-0.8%	+0.2%	-17.0%	+14.2%	+7.6%	+17.9%	—
Total Assets	+3.9%	+17.6%	+43.6%	-2.7%	+4.1%	+5.4%	+45.3%	+5.6%	+12.3%	—
Liabilities
Accounts Payable	+7.3%	-0.0%	+3.8%	+3.6%	+3.8%	+11.1%	+22.9%	+7.2%	+5.8%	—
Accrued Liabilities	+9.4%	+8.2%	+8.1%	+5.2%	+22.6%	+9.2%	+23.6%	+3.5%	+3.8%	—
Current Portion of Long Term Debt	+144.1%	-67.9%	+504.1%	+1476.5%	-96.7%	-57.4%	+286.9%	+19.8%	+0.0%	—
Operating Lease Liabilities	+2.5%	+4.2%	+0.6%	-6.6%	-2.9%	+0.0%	—	—	—	—
Other Current Liabilities	+11.6%	-0.2%	-7.0%	-20.4%	+15.3%	+6.3%	+2.6%	+3.9%	+37.0%	—
Total Current Liabilities	+7.9%	-1.4%	+176.0%	+7.8%	+1.5%	-1.8%	+35.6%	+15.5%	+4.4%	—
Long Term Debt	-5.7%	+64.0%	+5.5%	+2.7%	+1.3%	+0.5%	—	—	—	—
Operating Lease Liabilities Noncurrent	-3.8%	-4.3%	-0.4%	-11.3%	-2.3%	-0.1%	—	—	—	—
Other Noncurrent Liabilities	+11.6%	-0.2%	-7.0%	-20.4%	+15.3%	+6.3%	+2.6%	+3.9%	+37.0%	—
Total Liabilities	+7.9%	-1.4%	+176.0%	+7.8%	+1.5%	-1.8%	+35.6%	+15.5%	+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	+12.9%	+10.3%	+5.3%	+6.0%	+17.9%	+9.4%	+5.5%	+4.2%	-6.9%	—
Retained Earnings	+9.7%	+11.2%	+12.1%	+10.4%	+13.0%	+7.1%	+5.9%	+9.2%	+6.1%	—
Treasury Stock	+22.1%	+8.2%	+14.0%	+417.3%	-66.3%	-5.6%	+5.8%	+15.7%	+23.0%	—
Accumulated Other Comprehensive Income	+13.0%	-17.8%	+0.4%	-16.2%	+10.5%	-1.1%	-8.8%	-14.9%	+20.6%	—
Noncontrolling Interest	+11.4%	+7.8%	-21.8%	+7.5%	+36.5%	+4.0%	+105.5%	-12.0%	+3.8%	—
Total Stockholders Equity	+13.2%	+9.4%	+15.1%	-4.2%	+21.2%	+16.6%	+4.7%	+1.9%	+18.7%	—
Total Liabilitiesand Equity	+3.9%	+17.6%	+43.6%	-2.7%	+4.1%	+5.4%	+45.3%	+5.6%	+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	-2.2%	-0.3%	-2.9%	-49.0%	+0.8%	+14.5%	+31.0%	+2.7%	+9.8%	—
Expenses Share Based Compensation	+7.1%	+1.4%	-1.1%	+5.5%	+20.0%	+15.1%	+30.6%	+29.5%	+36.7%	—
Expenses Restructuring and Asset Impairment	-19.6%	-8.3%	-29.5%	+510.0%	-21.3%	-20.5%	-30.4%	+302.5%	-9.1%	—
Expenses Operating Expenses	+11.4%	+6.8%	+6.2%	+6.0%	+9.5%	+1.3%	+14.7%	+7.2%	+5.5%	—
Other Income Expense Operating Income	+7.0%	+10.1%	+23.4%	-0.7%	+40.6%	+14.5%	-3.0%	+4.0%	+9.2%	—
Other Income Expense Interest Income	-42.2%	+6.4%	+420.0%	+650.0%	-71.4%	-82.1%	+254.5%	+22.2%	+80.0%	—
Other Income Expense Other Income/expense	+183.3%	+140.0%	-76.2%	-65.6%	+377.3%	-200.0%	+283.3%	-180.0%	—	—
Other Income Expense Income Before Tax	+1.1%	+9.0%	+23.1%	-3.0%	+50.7%	+14.5%	+8.7%	-15.1%	+6.6%	—
Income Tax Income Tax Expense	-4.3%	+11.4%	+23.0%	-3.8%	+38.4%	+12.2%	+16.0%	-49.3%	+65.4%	—
net Income net Income	+2.5%	+8.1%	+23.1%	-3.0%	+55.9%	+15.7%	+5.6%	+10.6%	-15.6%	—
net Income Comprehensive Income	+59.6%	-17.5%	+63.3%	-37.2%	+87.6%	+47.0%	+25.8%	-58.3%	+184.0%	—
Earnings Per Share Basic Eps	+2.7%	+8.7%	+24.4%	-1.5%	+55.8%	+15.7%	+5.5%	+12.0%	-14.7%	—
Earnings Per Share Diluted Eps	+3.1%	+8.6%	+24.7%	-1.5%	+55.6%	+15.5%	+5.6%	+12.5%	-15.1%	—
Earnings Per Share Weighted Average Shares Basic	-0.2%	-0.4%	-1.0%	-1.6%	+0.2%	+0.0%	+0.0%	-1.4%	-1.2%	—
Earnings Per Share Weighted Average Shares Diluted	-0.4%	-0.6%	-1.2%	-1.6%	+0.2%	+0.2%	+0.0%	-1.5%	-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	+2.5%	+8.1%	+23.1%	-3.0%	+55.9%	+15.7%	+5.6%	+10.6%	-15.6%	—
Operating Activities Depreciation and Amortization	-2.2%	-0.3%	-2.9%	-49.0%	+0.8%	+14.5%	+31.0%	+2.7%	+9.8%	—
Operating Activities Stock Based Compensation	+7.1%	+1.4%	-1.1%	+5.5%	+20.0%	+15.1%	+30.6%	+29.5%	+36.7%	—
Operating Activities Deferred Income Taxes	-21.7%	+641.4%	+32.6%	+31.7%	-257.5%	-52.4%	+315.4%	-109.8%	+482.4%	—
Operating Activities Changes In Operating Assets and Liabilities	-8.4%	+2.2%	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	+69.1%	-14.1%	-66.8%	-46.1%	+233.6%	-55.8%	-2011.1%	-97.8%	+518.6%	—
Operating Activities net Cash From Operating Activities	+23.0%	+1.0%	+22.9%	-1.5%	+4.0%	+43.2%	-2.8%	+28.3%	-5.7%	—
Investing Activities Capital Expenditures	-7.9%	-24.0%	-11.5%	+15.8%	+16.7%	-17.3%	+34.1%	+4.0%	+19.4%	—
Investing Activities Business Acquisitions	-92.4%	+775.2%	+70.6%	+166.6%	-232.8%	-84.7%	+378.4%	+35.0%	-19.4%	—
Investing Activities Other Investing Activities	-100.0%	+90.9%	-22.2%	-125.0%	-233.3%	-95.5%	+725.0%	+233.3%	-50.0%	—
Investing Activities net Cash From Investing Activities	+90.4%	-522.5%	-66.7%	+27.0%	-46.8%	+82.0%	-303.6%	-13.9%	+9.5%	—
Financing Activities Repayment of Debt	-67.9%	+507.9%	-27.1%	-64.1%	-59.6%	+136.4%	+304.6%	-16.5%	+2525.0%	—
Financing Activities Repurchase of Common Stock	+123.6%	-21.7%	-41.0%	+68.2%	—	-100.0%	-28.1%	-25.0%	+12.5%	—
Financing Activities Dividends Paid	+12.3%	+16.6%	+14.1%	+10.9%	+8.8%	+6.0%	+10.3%	+9.1%	+8.5%	—
Financing Activities Proceeds From Stock Issuance	+7.3%	+18.1%	+132.0%	-51.5%	+43.1%	-32.4%	+128.1%	-63.1%	+20.2%	—
Financing Activities Tax Withholding On Stock Based Compensation	-17.8%	+21.6%	-25.3%	+96.0%	-23.5%	+48.3%	+32.8%	+36.7%	+25.6%	—
Financing Activities net Cash From Financing Activities	-204.0%	+498.1%	-7.0%	+19.4%	-40.2%	-121.4%	+430.6%	-29.8%	+5.4%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+262.6%	-226.2%	+139.0%	-136.9%	-169.5%	+278.5%	+180.4%	-166.9%	+208.2%	—
Cash Reconciliation net Change In Cash	+201.7%	-123.3%	+181.6%	+4.0%	-67.8%	-10.6%	+1849.6%	-177.7%	+151.4%	—
Cash Reconciliation Cash At Beginning of Period	+3.6%	-3.4%	+16.9%	+6.4%	+6.6%	+25.6%	+697.3%	-11.5%	+17.4%	—
Cash Reconciliation Cash At End of Period	+3.6%	-3.4%	+16.9%	+6.4%	+6.6%	+25.6%	+697.3%	-11.5%	+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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