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Markel MKL Free cash flow

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Other financials

Income statement

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Revenue$3.6B+0.1%
Operating income-$273.3M-197%
Net income-$212.3M-274%
EPS (diluted)-$18.90-256%

Balance sheet

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Cash & equivalents$3.7B-12.2%
Total debt$4.4B-0.2%
Total equity$18.1B+5.7%
Total assets$68.6B+6.2%

Cash flow

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Operating cash flow$15.9M-95.8%
CapEx$47.3M+16.1%

Valuation

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Market cap$24.44B-2.1%
Enterprise value$25.14B-1.8%
P/E13.8×+2.6×
P/S1.5×-0.1×

Profitability

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Operating margin16.4%-1.7pp
Net margin11%-1.6pp
FCF margin13.6%-0.8pp

Returns & leverage

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Return on equity10.1%-1.2pp
Debt / equity0.2×0.0×

Where this comes from

Calculated from Markel’s reported figures.

The official record: Markel’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Markel's free cash flow?
Markel (MKL) reported free cash flow of -$31.35M in Q1 2026.
How has Markel's free cash flow changed year-over-year?
Markel's free cash flow decreased by 109.3% year-over-year, from $335.48M to -$31.35M.
What is the long-term trend for Markel's free cash flow?
Over 4 years (2021 to 2025), Markel's free cash flow has grown at a 4.7% compound annual growth rate (CAGR), from $2.13B to $2.55B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.