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Markel MKL Operating margin

Operating margin at other companies

Marsh logo
MarshMRSH
21.7%-1.8pp
RBC Bearings logo
RBC BearingsRBC
22.5%-0.1pp
EMCOR Group logo
EMCOR GroupEME
10.1%+0.8pp
Union Pacific logo
Union PacificUNP
40.2%+0.2pp
United Rentals logo
United RentalsURI
24.7%-1.1pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
15.9%-0.8pp

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%
Free cash flow-$31.4M-109%

Valuation

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Market cap$23.38B+0.8%
Enterprise value$24.08B+2.9%
P/E13.2×+0.6×
P/S1.5×-0.1×

Profitability

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Net margin11%-1.6pp

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.

Based on trailing twelve months.

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 operating margin?
Markel (MKL) reported operating margin of 16.4% in Q1 2026.
How has Markel's operating margin changed year-over-year?
Markel's operating margin decreased by 9.6% year-over-year, from 18.1% to 16.4%.
What is the long-term trend for Markel's operating margin?
Over 2 years (2021 to 2025), Markel's operating margin has grown at a -15.9% compound annual growth rate (CAGR), from 111% to 78.5%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.