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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	91.6%-1.8pp	93.4%-0.7pp	94.1%-0.9pp	95%-0.4pp	95.4%0.0pp
Net margin	61.3%-1.9pp	63.2%-1.2pp	64.3%-1.2pp	65.6%-1.0pp	66.5%-0.7pp
EBITDA margin	104.9%-1.7pp	106.5%-0.4pp	106.9%-0.6pp	107.5%-0.2pp	107.8%0.0pp
Free cash flow margin	72.7%+1.2pp	71.5%+2.2pp	69.3%+2.5pp	66.8%+2.7pp	64.1%0.0pp
Returns
Return on assets	29.3%-0.9pp	30.3%-0.5pp	30.8%-0.6pp	31.4%-0.7pp	32.2%-1.8pp
Efficiency
Asset turnover	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×-0.1×
Liquidity
Current ratio	4.5×0.0×	4.6×0.0×	4.6×0.0×	4.6×0.0×	4.6×0.0×
Quick ratio	4.5×0.0×	4.6×0.0×	4.6×0.0×	4.6×0.0×	4.6×0.0×
Cash ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Leverage
Debt-to-assets	1.4×0.0×	1.4×0.0×	1.5×0.0×	1.4×+0.1×	1.4×+0.1×
Net debt / EBITDA	10.7×0.0×	10.7×-0.4×	11.1×+0.5×	10.6×+0.8×	9.9×+0.7×
Interest coverage	26.1×-1.2×	27.4×-1.8×	29.2×-2.9×	32.1×-2.3×	34.4×-1.6×

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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.