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MRSH MRSH Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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19.2×+12.3×
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0.1×-0.3×
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0.3×+0.3×

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$90.52B+1.4%
Enterprise value$110.56B
P/E22.7×
P/S3.2×

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

Calculated from MRSH’s reported figures.

The source filing: MRSH’s 10-Q, filed July 21, 2026. Open the filing →

Filed
Jul 21, 2026, 8:13 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000062709-26-000195

FAQ

What is MRSH's net debt?
MRSH (MRSH) reported net debt of $20.04B in Q2 2026.
How has MRSH's net debt changed year-over-year?
MRSH's net debt increased by 3.7% year-over-year, from $19.31B to $20.04B.
What is the long-term trend for MRSH's net debt?
Over 5 years (2020 to 2025), MRSH's net debt has grown at a 8.8% compound annual growth rate (CAGR), from $11.49B to $17.5B.
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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