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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	93.4%-2.0pp	95.4%+7.1pp	88.3%+2.0pp	86.3%+5.2pp
Net margin	63.2%-4.1pp	67.2%+4.7pp	62.6%-0.7pp	63.3%+7.0pp
EBITDA margin	106.5%-1.3pp	107.8%+6.4pp	101.4%+1.3pp	100.1%+2.3pp
Free cash flow margin	71.5%+7.4pp	64%+2.7pp	61.4%+5.5pp	55.8%-12.6pp
Returns
Return on assets	30.3%-3.8pp	34%-0.5pp	34.5%-2.8pp	37.3%+6.2pp
Efficiency
Asset turnover	1.9×-0.1×	2×-0.2×	2.2×-0.1×	2.3×+0.1×
Liquidity
Current ratio	4.6×0.0×	4.6×+0.2×	4.4×-0.1×	4.4×-0.5×
Quick ratio	4.6×0.0×	4.6×+0.2×	4.4×-0.1×	4.4×-0.5×
Cash ratio	0.4×0.0×	0.4×-0.1×	0.5×+0.1×	0.4×-0.4×
Leverage
Debt-to-assets	1.4×+0.1×	1.3×-0.1×	1.4×-0.1×	1.5×0.0×
Net debt / EBITDA	10.7×+1.6×	9.2×0.0×	9.2×-0.2×	9.3×-1.1×
Interest coverage	27.4×-8.6×	36×+0.1×	36×-3.7×	39.7×+7.3×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Marsh.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

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.