MRSHMARSH & MCLENNAN COMPANIES, INC.
Insurance Agents, Brokers & Service
- Revenue
- $27.0B
- 10% YoY
- Operating margin
- 23.1%
- 3.0% YoY
- EBITDA
- $6.6B
- 6.4% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.4×
- $9.4B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear127% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear70% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired41% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $19.8B | $20.7B | $22.7B | $24.5B | $27.0B | 10% |
| Operating income | $4.3B | $4.3B | $5.3B | $5.8B | $6.2B | 7.0% |
| Net income | $3.1B | $3.0B | $3.8B | $4.1B | $4.2B | 2.5% |
| Operating cash flow | $3.5B | $3.5B | $4.3B | $4.3B | $5.3B | 23% |
| Capex | $406M | $470M | $416M | $316M | $291M | 7.9% |
| Stock-based comp | $348M | $367M | $363M | $368M | $394M | 7.1% |
| Buybacks | $1.2B | $1.9B | $1.1B | $900M | $2.0B | 124% |
| Dividends | $1.0B | $1.1B | $1.3B | $1.5B | $1.7B | 12% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $1M · 2
- Net
- −$1M
Pay vs performance
No pay-versus-performance disclosure yet.