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Marsh MRSH Other — Fixed Assets, Net

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Other financials

Income statement

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Revenue$7.4B+6.2%
Operating income$1.9B+3.8%
Net income$1.3B+4.5%
EPS (diluted)$2.63+7.3%

Balance sheet

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Cash & equivalents$1.7B+1.4%
Total debt$21.7B+3.5%
Total assets$59.7B+1.9%

Cash flow

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Operating cash flow$1.5B-8.9%
CapEx$72.0M+22.0%
Free cash flow$1.5B-10.0%

Valuation

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Market cap$91.37B+2.3%
Enterprise value$111.41B
P/E23×
P/S3.3×

Profitability

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Operating margin21.6%-2.0pp
Net margin14.2%-1.8pp
FCF margin17.1%-1.0pp

Returns & leverage

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Current ratio1.1×-0.1×

Where this comes from

Reported directly by Marsh in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

The source filing: Marsh’s 10-K, filed February 9, 2026.

Filed
Feb 9, 2026, 4:02 PM EST
Fiscal year
FY2025
Accession
0000062709-26-000022
(In millions)202520242023
Fixed Assets, Net
United States$469$494$468
United Kingdom136150168
Other224215246
Total$829$859$882

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Marsh's other — fixed assets, net?
Marsh (MRSH) reported other — fixed assets, net of $224M in Q4 2025.
What does other — fixed assets, net mean?
This metric represents the net book value of property, plant, and equipment allocated to the 'Other' segment after accounting for accumulated depreciation and impairment. It reflects the capital intensity and physical infrastructure supporting the operations categorized outside of the primary business segments. Tracking this helps assess the asset base required to sustain the revenue generated by these miscellaneous or geographically dispersed business units.

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