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Markel MKL Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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19.2×+12.3×
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Other financials

Income statement

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Revenue$4.0B-12.7%
Operating income$1.6B+40.9%
Net income$1.2B+77.9%
EPS (diluted)$92.76+86.8%

Balance sheet

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Cash & equivalents$3.4B-8.0%
Total debt$4.4B+0.1%
Total equity$19.0B+9.7%
Total assets$71.3B+6.7%

Cash flow

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Operating cash flow$428.9M-15.0%
CapEx$44.3M-12.5%
Free cash flow$384.5M-15.3%

Valuation

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Market cap$23.32B-5.3%
Enterprise value$24.27B-4.0%
P/E10.2×-0.8×
P/S1.5×0.0×

Profitability

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Operating margin19.9%-0.5pp
Net margin14.7%+1.2pp
FCF margin13.7%+1.2pp

Returns & leverage

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Return on equity12.6%-0.9pp
Debt / equity0.2×0.0×

Where this comes from

Calculated from Markel’s reported figures.

The source filing: Markel’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001096343-26-000064

FAQ

What is Markel's net debt?
Markel (MKL) reported net debt of $944.52M in Q2 2026.
How has Markel's net debt changed year-over-year?
Markel's net debt increased by 46.7% year-over-year, from $644.03M to $944.52M.
What is the long-term trend for Markel's net debt?
Over 5 years (2020 to 2025), Markel's net debt has grown at a 4.1% compound annual growth rate (CAGR), from -$857.71M to $1.05B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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