Marsh & McLennan Companies, Inc.
MRSH · Price history
Price at last available close
$192.30
+$21.88 (+12.84%) 1M
2026-10-28
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Company & revenue
About Marsh & McLennan Companies, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 9, 2026. A research update is not a new financial filing.
Who they are
Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands.
How they make money
Marsh is a global professional services firm that generates revenue by providing risk management, insurance and reinsurance broking, and specialized management consulting services. The company operates through two primary segments, Risk and Insurance Services and Consulting, advising clients across 130 countries on complex risk, capital, people, and investment strategies.
Products & services
Risk management, insurance and reinsurance broking, insurance program management, risk consulting, analytical modeling, alternative risk financing, health, wealth and career advice, and strategic management consulting.
Brands & revenue mix
Insurance broker and risk advisor offering risk management, insurance program management, and analytical modeling.
Separate brand revenue is not available in this research.Source
Provides health, wealth, and career advice and solutions.
Separate brand revenue is not available in this research.
Provides specialized management, strategic, economic, and brand consulting services.
Separate brand revenue is not available in this research.
Reinsurance and capital expertise for complex risks.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer types
Customer concentration
The company does not disclose specific customer concentration in its 2025 annual report.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
47
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
73
Strong
Financial Strength
56
Business Quality / Moat
96
Management
90
Growth Quality
39
Risk / Durability
81
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
50
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
52/100
Building Historical Record
Model Score 52/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Recent buyback activity is present
- •M&A headline · Oct 2, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for MRSH
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can MRSH maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is MRSH's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is MRSH's debt load manageable relative to cash generation, interest costs and upcoming maturities?
Essential Investment Snapshot
Wall Street Score
47
Opportunity Score
50
Market Cap
$91.77B
P/E Ratio
22.4
EPS
$8.39
52-Week High
$198.49
52-Week Low
$156.60
Beta
0.58
Intrinsic Value
$225.69
Analyst Target
$200.00
Shares Outstanding
490.0M
Total Revenue
$28.46B
Total Debt
$22.33B
Dividend Yield (TTM)
1.45%
Liquidation Value / Share
$30.43
Dividend / Share (TTM)
$2.79
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for MRSH
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Oct 2, 2026
Marsh Completes Acquisition of Accel Holdings — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GuruFocusM&A headline · Oct 2, 2026
Marsh Completes Acquisition of Accel Holdings — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireCommunity Sentiment
0 active · 0 total callsNo personal call yet on MRSH.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global footprint in 130 countries.
- +Leading market position in risk and insurance broking.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Insurance - Brokers industry.
- −Global economic and political conditions.
- −Regulatory and legal compliance risks.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
48
Oct 15, 2026
Change
-1.0
points
Current Score
47
Oct 16, 2026
Category Changes
MRSH decreased 1 points because Capital declined by 2 points, Valuation declined by 4.3 points.
Negative Contributors
- − Capital declined by 2 points
- − Valuation declined by 4.3 points
Projected Score
Projected Score
46
Projected Change
-1.0 points
Preliminary comparable-period financial changes suggest decline of approximately 1.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$192.30
Model Intrinsic Value
$225.69
Difference
−$33.39
-14.8% vs IV
Margin of Safety
14.8%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.46B | $26.98B | $24.46B | $22.74B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $16.29B | $15.58B | $14.00B | $13.10B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $12.17B | $11.40B | $10.46B | $9.64B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $6.08B | $5.18B | $4.64B | $4.36B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $6.01B | $7.39B | $6.93B | $6.32B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $6.09B | $6.22B | $5.82B | $5.28B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $973.0M | $960.0M | $700.0M | $578.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $5.37B | $5.54B | $5.48B | $5.03B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $1.25B | $1.30B | $1.36B | $1.22B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $4.04B | $4.16B | $4.06B | $3.76B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $8.39 | $8.48 | $8.25 | $7.60 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 476M | 487M | 492M | 494M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 479M | 490M | 496M | 499M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$6.86B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.69
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+4.2%
Cash Change
-26.6%
Margin Change
+0.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 8.1%. EPS increased 11.9%. Cash declined 26.6%. Total debt increased 4.2%. Net income margin was essentially unchanged.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
41
Smart Money
41
Number of Gurus
4
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · MRSH
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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