Where do Markel's ratios come from?

Every ratio is computed from Markel's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Markel MKL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	76.8%-1.7pp	78.5%-4.0pp	82.5%-9.4pp	91.9%+1.4pp	90.4%-5.1pp
Net margin	51.6%-1.6pp	53.2%-4.5pp	57.7%-6.7pp	64.3%0.0pp	64.4%-4.2pp
EBITDA margin	85.2%-2.2pp	87.4%-4.0pp	91.4%-9.5pp	100.9%+1.4pp	99.5%-4.9pp
Free cash flow margin	57.6%-0.8pp	58.5%+0.9pp	57.6%-2.6pp	60.2%-5.1pp	65.3%-4.4pp
Returns
Return on equity	47.2%-1.2pp	48.4%-5.4pp	53.8%-7.3pp	61%-0.6pp	61.6%-6.0pp
Return on assets	12.6%-0.4pp	13%-1.5pp	14.5%-2.0pp	16.4%-0.2pp	16.6%-1.7pp
Return on invested capital	53.1%-1.0pp	54.1%-3.8pp	58%-8.5pp	66.4%-0.1pp	66.5%-6.1pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Leverage
Debt-to-equity	1×0.0×	1×0.0×	1×0.0×	1.1×0.0×	1.1×0.0×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	0.8×+0.2×	0.6×0.0×	0.6×0.0×	0.7×-0.1×	0.8×0.0×
Interest coverage	58.6×+0.3×	58.4×-2.7×	61×-7.4×	68.4×+0.1×	68.3×-6.8×
Valuation
Market capitalization	$100.59B+0.2%	$100.39B+5.1%	$95.49B+4.0%	$91.78B+5.2%	$87.25B+4.7%
Enterprise value	$103.22B+0.7%	$102.52B+4.7%	$97.93B+3.7%	$94.47B+4.8%	$90.18B+4.5%
Price / earnings	49.4×+0.6×	48.7×+4.8×	44×+4.7×	39.2×+1.5×	37.8×+5.1×
Price / sales	6.3×-0.1×	6.5×+0.3×	6.2×+0.2×	6×+0.2×	5.8×+0.3×
Price / book	5.6×-0.1×	5.6×+0.1×	5.5×+0.1×	5.4×+0.2×	5.2×+0.1×
EV / EBITDA	30.7×+0.4×	30.3×+2.1×	28.1×+2.7×	25.4×+0.4×	25×+2.7×
EV / sales	6.5×-0.1×	6.6×+0.2×	6.4×+0.1×	6.2×+0.2×	6×+0.3×
Free cash flow yield	36.5%+0.2pp	36.2%-1.1pp	37.3%-3.1pp	40.4%-4.8pp	45.2%-5.3pp
Earnings yield	32.6%-0.4pp	32.9%-4.6pp	37.5%-5.9pp	43.4%-1.3pp	44.8%-4.9pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Markel.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

Where do Markel's ratios come from?: Every ratio is computed from Markel's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.