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MRSH MRSH Operating margin

Operating margin at other companies

Aon plc logo
Aon plcAON
26.3%+2.9pp
Willis Towers Watson logo
Willis Towers WatsonWTW
22.7%+14.8pp
Accenture logo
AccentureACN
14.5%-0.9pp
Markel logo
MarkelMKL
16.4%-1.7pp

Other financials

Income statement

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Revenue$7.6B+7.6%
Operating income$1.8B-12.5%
Net income$1.1B-17.0%
EPS (diluted)$2.36-15.4%

Balance sheet

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Cash & equivalents$1.6B+0.4%
Total debt$21.8B+2.0%
Total assets$58.6B+2.7%

Cash flow

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Operating cash flow-$688.0M-10.6%
CapEx$62.0M+12.7%
Free cash flow-$750.0M-10.8%

Valuation

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Market cap$79.12B
Enterprise value$99.31B
P/E20.2×
P/S2.9×

Profitability

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Net margin14.3%-1.9pp

Returns & leverage

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Current ratio1.1×0.0×

Where this comes from

Calculated from MRSH’s reported figures.

Based on trailing twelve months.

The official record: MRSH’s 10-Q, filed April 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MRSH's operating margin?
MRSH (MRSH) reported operating margin of 21.7% in Q1 2026.
How has MRSH's operating margin changed year-over-year?
MRSH's operating margin decreased by 7.8% year-over-year, from 23.5% to 21.7%.
What is the long-term trend for MRSH's operating margin?
Over 4 years (2021 to 2025), MRSH's operating margin has grown at a 3.6% compound annual growth rate (CAGR), from 81.2% to 93.4%.
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.