Markel MKL Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 76.8%-13.7pp | 78.5%-17.1pp | 82.5%-9.8pp | 91.9%— | 90.4%— | |
| Net margin | 51.6%-12.8pp | 53.2%-15.4pp | 57.7%-7.2pp | 64.3%— | 64.4%— | |
| EBITDA margin | 85.2%-14.3pp | 87.4%-17.0pp | 91.4%-9.7pp | 100.9%— | 99.5%— | |
| Free cash flow margin | 57.6%-7.7pp | 58.5%-11.2pp | 57.6%-14.8pp | 60.2%-11.5pp | 65.3%-5.1pp | |
| Returns | ||||||
| Return on equity | 47.2%-14.3pp | 48.4%-19.1pp | 53.8%-10.8pp | 61%— | 61.6%— | |
| Return on assets | 12.6%-4.0pp | 13%-5.3pp | 14.5%-2.9pp | 16.4%— | 16.6%— | |
| Return on invested capital | 53.1%-13.4pp | 54.1%-18.5pp | 58%-13.3pp | 66.4%— | 66.5%— | |
| Efficiency | ||||||
| Asset turnover | 1×-0.1× | 1×-0.1× | 1×-0.1× | 1×-0.1× | 1×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 1×-0.1× | 1×-0.1× | 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 | 0.8×0.0× | 0.6×-0.2× | 0.6×0.0× | 0.7×— | 0.8×— | |
| Interest coverage | 58.6×-9.7× | 58.4×-16.8× | 61×-11.8× | 68.4×— | 68.3×— | |
| Valuation | ||||||
| Market capitalization | $100.59B+15.3% | $100.39B+20.4% | $95.49B+19.4% | $91.78B+16.0% | $87.25B+13.6% | |
| Enterprise value | $103.22B+14.5% | $102.52B+18.8% | $97.93B+19.1% | $94.47B+17.6% | $90.18B+17.6% | |
| Price / earnings | 49.4×+11.6× | 48.7×+16.0× | 44×+9.9× | 39.2×— | 37.8×— | |
| Price / sales | 6.3×+0.5× | 6.5×+0.9× | 6.2×+0.8× | 6×+0.7× | 5.8×+0.7× | |
| Price / book | 5.6×+0.4× | 5.6×+0.6× | 5.5×+0.5× | 5.4×+0.1× | 5.2×0.0× | |
| EV / EBITDA | 30.7×+5.7× | 30.3×+8.0× | 28.1×+5.7× | 25.4×— | 25×— | |
| EV / sales | 6.5×+0.5× | 6.6×+0.9× | 6.4×+0.8× | 6.2×+0.8× | 6×+0.9× | |
| Free cash flow yield | 36.5%-8.8pp | 36.2%-14.3pp | 37.3%-16.1pp | 40.4%-13.4pp | 45.2%-9.6pp | |
| Earnings yield | 32.6%-12.2pp | 32.9%-16.8pp | 37.5%-10.4pp | 43.4%— | 44.8%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
