Where do Marsh's ratios come from?

Every ratio is computed from Marsh'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.

Marsh MRSH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	21.7%-1.4pp	23.1%-0.2pp	23.2%-0.3pp	23.6%0.0pp	23.5%-0.2pp
Net margin	14.3%-1.2pp	15.4%-0.2pp	15.6%-0.4pp	16%-0.1pp	16.1%-0.5pp
EBITDA margin	25%-1.4pp	26.4%-0.1pp	26.6%-0.3pp	26.8%+0.2pp	26.7%-0.2pp
Free cash flow margin	17.9%-0.6pp	18.5%+0.3pp	18.2%+0.2pp	18%+1.4pp	16.7%+0.4pp
Returns
Return on assets	6.8%-0.4pp	7.2%-0.4pp	7.6%-0.1pp	7.7%0.0pp	7.7%0.0pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	1.1×0.0×	1.1×0.0×	1.1×-0.1×	1.2×+0.1×	1.1×0.0×
Quick ratio	1.1×0.0×	1.1×0.0×	1.1×-0.1×	1.2×+0.1×	1.1×0.0×
Cash ratio	0.1×-0.1×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-assets	0.4×0.0×	0.3×0.0×	0.3×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	2.9×+0.5×	2.5×-0.1×	2.5×-0.3×	2.8×-0.2×	3×+0.1×
Interest coverage	6.3×-0.2×	6.5×+0.1×	6.4×-0.5×	7×-0.5×	7.5×-0.8×
Valuation
Market capitalization	$83.97B—	——	——	——	——
Enterprise value	$104.16B—	——	——	——	——
Price / earnings	21.4×—	——	——	——	——
Price / sales	3.1×—	——	——	——	——
EV / EBITDA	15.1×—	——	——	——	——
EV / sales	3.8×—	——	——	——	——
Free cash flow yield	5.9%—	——	——	——	——
Earnings yield	4.7%—	——	——	——	——
Dividend yield	2.1%—	——	——	——	——

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Where do Marsh's ratios come from?: Every ratio is computed from Marsh'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.