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%-1.8pp	23.1%-0.7pp	23.2%-0.9pp	23.6%-0.4pp	23.5%0.0pp
Net margin	14.3%-1.9pp	15.4%-1.2pp	15.6%-1.2pp	16%-1.0pp	16.1%-0.7pp
EBITDA margin	25%-1.7pp	26.4%-0.4pp	26.6%-0.6pp	26.8%-0.2pp	26.7%0.0pp
Free cash flow margin	17.9%+1.2pp	18.5%+2.2pp	18.2%+2.5pp	18%+2.7pp	16.7%0.0pp
Returns
Return on assets	6.8%-0.9pp	7.2%-0.5pp	7.6%-0.6pp	7.7%-0.7pp	7.7%-1.8pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×-0.1×
Liquidity
Current ratio	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.2×0.0×	1.1×0.0×
Quick ratio	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.2×0.0×	1.1×0.0×
Cash ratio	0.1×0.0×	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×+0.1×	0.4×+0.1×
Net debt / EBITDA	2.9×0.0×	2.5×-0.4×	2.5×+0.5×	2.8×+0.8×	3×+0.7×
Interest coverage	6.3×-1.2×	6.5×-1.8×	6.4×-2.9×	7×-2.3×	7.5×-1.6×
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.