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%-3.9pp	93.4%-2.0pp	94.1%-0.7pp	95%+2.4pp	95.4%+5.2pp
Net margin	61.3%-5.3pp	63.2%-4.1pp	64.3%-2.8pp	65.6%-0.4pp	66.5%+2.4pp
EBITDA margin	104.9%-2.9pp	106.5%-1.3pp	106.9%-0.4pp	107.5%+2.2pp	107.8%+4.7pp
Free cash flow margin	72.7%+8.7pp	71.5%+7.4pp	69.3%+4.6pp	66.8%+1.7pp	64.1%-0.1pp
Returns
Return on assets	29.3%-2.8pp	30.3%-3.8pp	30.8%-3.6pp	31.4%-3.4pp	32.2%-2.4pp
Efficiency
Asset turnover	1.9×0.0×	1.9×-0.1×	1.9×-0.1×	1.9×-0.2×	1.9×-0.2×
Liquidity
Current ratio	4.5×0.0×	4.6×0.0×	4.6×+0.1×	4.6×+0.1×	4.6×+0.2×
Quick ratio	4.5×0.0×	4.6×0.0×	4.6×+0.1×	4.6×+0.1×	4.6×+0.2×
Cash ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×-0.1×	0.4×-0.1×
Leverage
Debt-to-assets	1.4×+0.1×	1.4×+0.1×	1.5×+0.2×	1.4×+0.1×	1.4×+0.1×
Net debt / EBITDA	10.7×+0.8×	10.7×+1.6×	11.1×+2.9×	10.6×+2.1×	9.9×+0.9×
Interest coverage	26.1×-8.3×	27.4×-8.6×	29.2×-7.6×	32.1×-4.2×	34.4×-1.5×

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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.