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Marsh & McLennan Companies (MMC) Financials

Marsh & McLennan Companies logo
$219.00 -0.04 (-0.02%)
As of 03:59 PM Eastern
Annual Income Statements for Marsh & McLennan Companies

Annual Income Statements for Marsh & McLennan Companies

This table shows Marsh & McLennan Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
1,599 1,768 1,492 1,650 1,742 2,016 3,143 3,050 3,756 4,060
Consolidated Net Income / (Loss)
1,636 1,795 1,512 1,670 1,773 2,046 3,174 3,087 3,802 4,117
Net Income / (Loss) Continuing Operations
1,636 1,795 1,510 1,670 1,773 2,046 3,174 3,087 3,802 4,117
Total Pre-Tax Income
2,307 2,480 2,643 2,244 2,439 2,793 4,208 4,082 5,026 5,480
Total Revenue
12,781 13,027 13,796 14,659 16,157 16,951 19,439 20,287 22,241 23,853
Net Interest Income / (Expense)
-150 -184 -228 -279 -485 -508 -442 -454 -500 -617
Total Interest Income
13 5.00 9.00 11 39 7.00 2.00 15 78 83
Investment Securities Interest Income
13 5.00 9.00 11 39 7.00 2.00 15 78 83
Total Interest Expense
163 189 237 290 524 515 444 469 578 700
Long-Term Debt Interest Expense
163 189 237 290 524 515 444 469 578 700
Total Non-Interest Income
12,931 13,211 14,024 14,938 16,642 17,459 19,881 20,741 22,741 24,470
Net Realized & Unrealized Capital Gains on Investments
- - 0.00 -12 -10 235 61 21 5.00 12
Other Non-Interest Income
- 13,211 14,024 14,950 16,652 17,224 19,820 20,720 22,736 24,458
Total Non-Interest Expense
10,474 10,547 11,369 12,189 13,975 14,158 15,508 16,440 17,454 18,641
Salaries and Employee Benefits
7,334 7,694 8,085 8,605 9,734 10,129 11,425 12,071 13,099 13,996
Other Operating Expenses
3,140 3,086 3,284 3,584 4,241 4,029 4,083 4,369 4,355 4,645
Nonoperating Income / (Expense), net
- - 216 -226 257 - 277 235 239 268
Income Tax Expense
671 685 1,133 574 666 747 1,034 995 1,224 1,363
Net Income / (Loss) Attributable to Noncontrolling Interest
37 27 20 20 31 30 31 37 46 57
Basic Earnings per Share
$3.01 $3.41 $2.91 $3.26 $3.44 $3.98 $6.20 $6.11 $7.60 $8.26
Weighted Average Basic Shares Outstanding
531M 519M 513M 506M 506M 506M 507M 499M 494M 492M
Diluted Earnings per Share
$2.98 $3.38 $2.87 $3.23 $3.41 $3.94 $6.13 $6.04 $7.53 $8.18
Weighted Average Diluted Shares Outstanding
536M 524M 519M 511M 511M 512M 513M 505M 499M 496M
Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 506.10M 506.40M 0.00 0.00 0.00 0.00 0.00
Cash Dividends to Common per Share
$1.18 $1.30 $1.43 $1.58 $1.74 $1.84 - $2.25 $2.60 $3.05

Quarterly Income Statements for Marsh & McLennan Companies

This table shows Marsh & McLennan Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
546 466 1,235 1,035 730 756 1,400 1,125 747 788
Consolidated Net Income / (Loss)
552 471 1,252 1,047 738 765 1,424 1,140 752 801
Net Income / (Loss) Continuing Operations
552 471 1,252 1,047 738 765 1,424 1,140 752 801
Total Pre-Tax Income
733 613 1,664 1,384 930 1,048 1,871 1,565 1,035 1,009
Total Revenue
4,655 10,447 5,804 5,743 5,254 5,440 6,352 6,078 5,556 5,867
Net Interest Income / (Expense)
-114 -118 -122 -136 -129 -113 -122 -144 -142 -209
Total Interest Income
4.00 9.00 14 10 16 38 37 12 12 22
Investment Securities Interest Income
4.00 9.00 14 10 16 38 37 12 12 22
Total Interest Expense
118 127 136 146 145 151 159 156 154 231
Long-Term Debt Interest Expense
118 127 136 146 145 151 159 156 154 231
Total Non-Interest Income
4,769 10,565 5,926 5,879 5,383 5,553 6,474 6,222 5,698 6,076
Net Realized & Unrealized Capital Gains on Investments
-1.00 -6.00 2.00 3.00 1.00 -1.00 1.00 1.00 1.00 9.00
Other Non-Interest Income
4,770 - 5,924 5,876 5,382 5,554 6,473 6,221 5,697 6,067
Total Non-Interest Expense
3,979 9,953 4,198 4,419 4,386 4,451 4,548 4,579 4,589 4,925
Salaries and Employee Benefits
2,923 3,038 3,207 3,337 3,287 3,268 3,470 3,454 3,442 3,630
Other Operating Expenses
1,056 1,304 991 1,082 1,099 1,183 1,078 1,125 1,147 1,295
Nonoperating Income / (Expense), net
57 - 58 60 62 59 67 66 68 67
Income Tax Expense
181 142 412 337 192 283 447 425 283 208
Net Income / (Loss) Attributable to Noncontrolling Interest
6.00 5.00 17 12 8.00 9.00 24 15 5.00 13
Basic Earnings per Share
$1.10 $0.95 $2.50 $2.09 $1.48 $1.53 $2.84 $2.28 $1.52 $1.62
Weighted Average Basic Shares Outstanding
498M 499M 495M 495M 494M 494M 492M 492M 492M 492M
Diluted Earnings per Share
$1.08 $0.95 $2.47 $2.07 $1.47 $1.52 $2.82 $2.27 $1.51 $1.58
Weighted Average Diluted Shares Outstanding
503M 505M 500M 499M 499M 499M 497M 496M 496M 496M
Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Cash Flow Statements for Marsh & McLennan Companies

This table details how cash moves in and out of Marsh & McLennan Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-584 -348 179 29 2,432 2,175 700 728 2,050 -478
Net Cash From Operating Activities
1,888 2,007 1,893 2,428 2,361 3,382 3,516 3,465 4,258 4,302
Net Cash From Continuing Operating Activities
1,888 2,007 1,893 2,428 2,361 3,382 3,516 3,465 4,258 4,302
Net Income / (Loss) Continuing Operations
1,636 1,795 1,512 1,670 1,773 2,046 3,174 3,087 3,802 4,117
Consolidated Net Income / (Loss)
1,636 1,795 1,512 1,670 1,773 2,046 3,174 3,087 3,802 4,117
Depreciation Expense
314 308 312 311 333 390 382 381 370 369
Amortization Expense
109 130 169 183 314 351 365 338 343 377
Non-Cash Adjustments to Reconcile Net Income
65 -36 -236 332 268 313 -380 -37 316 162
Changes in Operating Assets and Liabilities, net
-236 -190 136 -68 -327 282 -25 -304 -573 -723
Net Cash From Investing Activities
-1,265 -1,056 -956 -1,089 -4,395 -793 -1,164 -850 -1,417 -8,821
Net Cash From Continuing Investing Activities
-1,265 -1,056 -956 -1,089 -4,395 -793 -1,164 -850 -1,417 -8,821
Purchase of Property, Leasehold Improvements and Equipment
-325 -253 -302 -314 -421 -348 -406 -470 -416 -316
Purchase of Investment Securities
-1,017 -811 -668 - -4,203 -673 -28 -594 -1,022 -8,649
Divestitures
71 0.00 0.00 110 229 98 84 119 -17 89
Sale and/or Maturity of Investments
4.00 4.00 6.00 4.00 - 130 45 95 38 55
Net Cash From Financing Activities
-906 -1,067 -1,009 -1,310 4,331 -925 -1,297 -1,046 -1,119 4,455
Net Cash From Continuing Financing Activities
-906 -1,067 -1,009 -1,310 4,331 -925 -1,297 -1,046 -1,119 4,455
Issuance of Debt
1,091 397 987 591 6,759 1,737 743 2,668 2,315 8,170
Issuance of Common Equity
224 188 166 93 158 132 161 126 199 264
Repayment of Debt
-61 -12 -315 -263 -1,649 -2,515 -1,016 -365 -412 -1,617
Repurchase of Common Equity
-1,400 -800 -900 -675 -485 0.00 -1,159 -1,950 -1,150 -900
Payment of Dividends
-632 -682 -740 -807 -906 -977 -1,062 -1,165 -1,329 -1,553
Other Financing Activities, Net
-128 -158 -207 -249 454 698 1,036 -360 -742 91
Effect of Exchange Rate Changes
-301 -232 251 - 135 511 -355 -841 328 -414

Quarterly Cash Flow Statements for Marsh & McLennan Companies

This table details how cash moves in and out of Marsh & McLennan Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-29 692 -262 895 1,994 -577 -1,242 240 571 -47
Net Cash From Operating Activities
1,383 1,502 -819 1,484 1,810 1,783 -781 1,215 1,912 1,956
Net Cash From Continuing Operating Activities
1,383 1,502 -819 1,484 1,810 1,783 -781 1,215 1,912 1,956
Net Income / (Loss) Continuing Operations
552 471 1,252 1,047 738 765 1,424 1,140 752 801
Consolidated Net Income / (Loss)
552 471 1,252 1,047 738 765 1,424 1,140 752 801
Depreciation Expense
85 122 84 91 95 100 99 87 90 93
Amortization Expense
84 80 85 87 85 86 90 89 90 108
Non-Cash Adjustments to Reconcile Net Income
71 -137 124 37 -163 318 54 -8.00 -135 251
Changes in Operating Assets and Liabilities, net
591 966 -2,364 222 1,055 514 -2,448 -93 1,115 703
Net Cash From Investing Activities
-105 -487 -368 -133 -442 -474 -368 -415 -393 -7,645
Net Cash From Continuing Investing Activities
-105 -487 -368 -133 -442 -474 -368 -415 -393 -7,645
Purchase of Property, Leasehold Improvements and Equipment
-128 -103 -84 -101 -111 -120 -87 -80 -73 -76
Purchase of Investment Securities
3.00 -589 -1.00 -22 -640 -359 -10 -3.00 -1,047 -7,589
Divestitures
3.00 -19 -20 3.00 -1.00 1.00 26 1.00 79 -17
Sale and/or Maturity of Investments
79 11 0.00 16 18 4.00 4.00 10 4.00 37
Net Cash From Financing Activities
-470 -1,074 773 -546 988 -2,334 135 -519 -1,436 6,275
Net Cash From Continuing Financing Activities
-470 -1,074 773 -546 988 -2,334 135 -519 -1,436 6,275
Issuance of Debt
-344 2,068 1,433 -336 2,442 -1,224 1,039 698 167 6,266
Issuance of Common Equity
24 37 42 78 45 34 113 54 54 43
Repayment of Debt
-6.00 -351 -4.00 -4.00 -150 -254 -1,004 -605 -4.00 -4.00
Payment of Dividends
-298 -305 -299 -302 -361 -367 -358 -369 -412 -414
Other Financing Activities, Net
654 -2,173 -99 318 -688 -273 645 3.00 -941 384
Effect of Exchange Rate Changes
-837 751 152 90 -362 448 -228 -41 488 -633

Annual Balance Sheets for Marsh & McLennan Companies

This table presents Marsh & McLennan Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
18,216 18,190 20,429 21,578 31,357 33,049 34,388 44,114 48,030 56,481
Cash and Due from Banks
1,374 1,026 1,205 1,066 1,155 2,089 1,752 12,102 3,358 2,398
Restricted Cash
- - - - - - - - 10,794 11,276
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 -160 -151 -167
Allowance for Loan and Lease Losses
- - - - - - - 160 151 167
Accrued Investment Income
3,198 3,370 3,777 3,984 4,608 4,679 5,093 5,293 5,806 6,533
Premises and Equipment, Net
773 725 712 701 858 856 847 871 882 859
Unearned Premiums Asset
51 83 65 79 123 112 136 103 103 84
Goodwill
- - 9,089 9,599 14,671 15,517 16,317 16,251 17,231 23,306
Intangible Assets
8,925 9,495 1,274 1,437 2,774 2,699 2,810 2,537 2,630 4,820
Other Assets
3,895 3,491 4,307 4,712 7,168 7,097 7,433 7,117 7,377 7,372
Total Liabilities & Shareholders' Equity
18,216 18,190 20,429 21,578 31,357 33,049 34,388 44,114 48,030 56,481
Total Liabilities
11,614 11,918 12,987 13,994 23,414 23,789 23,166 33,365 35,660 42,946
Short-Term Debt
12 312 262 755 1,215 517 17 268 1,619 519
Accrued Interest Payable
154 146 199 157 179 247 198 221 321 376
Other Short-Term Payables
3,542 3,624 3,801 4,012 5,285 5,792 6,439 17,343 17,855 18,623
Long-Term Debt
4,402 4,495 5,225 5,510 10,741 10,796 10,933 11,227 11,844 19,428
Other Long-Term Liabilities
3,504 3,341 3,500 3,560 5,994 6,437 5,579 4,306 4,021 4,000
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
6,602 6,272 7,442 7,584 7,943 9,260 11,222 10,749 12,370 13,535
Total Preferred & Common Equity
6,513 6,192 7,359 7,511 7,793 9,104 11,009 10,520 12,191 13,342
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
6,513 6,192 7,359 7,511 7,793 9,104 11,009 10,520 12,191 13,342
Common Stock
1,422 1,403 1,345 1,378 1,423 1,504 1,673 1,740 1,803 1,931
Retained Earnings
11,302 12,388 13,140 14,347 15,199 16,272 18,389 20,301 22,759 25,306
Treasury Stock
-1,991 -2,506 -3,083 -3,567 -3,774 -3,562 -4,478 -6,207 -7,076 -7,655
Accumulated Other Comprehensive Income / (Loss)
-4,220 -5,093 -4,043 -4,647 -5,055 -5,110 -4,575 -5,314 -5,295 -6,240
Noncontrolling Interest
89 80 83 73 150 156 213 229 179 193

Quarterly Balance Sheets for Marsh & McLennan Companies

This table presents Marsh & McLennan Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
32,023 44,114 34,358 46,566 48,000 48,030 47,572 48,591 49,864 56,481
Cash and Due from Banks
802 12,102 1,006 12,735 14,729 3,358 12,910 1,653 1,798 2,398
Restricted Cash
- - - - - 10,794 - 11,497 11,923 11,276
Loans and Leases, Net of Allowance
0.00 -160 0.00 0.00 0.00 -151 0.00 0.00 0.00 -167
Allowance for Loan and Lease Losses
- 160 - - - 151 - - - 167
Accrued Investment Income
5,312 5,293 5,966 6,406 5,909 5,806 6,509 7,031 6,783 6,533
Premises and Equipment, Net
865 871 867 870 859 882 877 879 884 859
Unearned Premiums Asset
144 103 98 97 102 103 107 119 102 84
Goodwill
15,576 16,251 16,300 16,621 16,655 17,231 17,314 17,516 18,235 23,306
Intangible Assets
2,403 2,537 2,452 2,508 2,498 2,630 2,631 2,638 2,720 4,820
Other Assets
6,921 7,117 7,669 7,329 7,248 7,377 7,224 7,258 7,419 7,372
Total Liabilities & Shareholders' Equity
32,023 44,114 34,358 46,566 48,000 48,030 47,572 48,591 49,864 56,481
Total Liabilities
22,232 33,365 23,162 34,427 36,414 35,660 34,950 35,026 35,982 42,946
Short-Term Debt
1,263 268 2,403 2,375 2,219 1,619 1,518 1,267 919 519
Accrued Interest Payable
432 221 356 407 480 321 456 505 565 376
Other Short-Term Payables
5,597 17,343 5,155 17,031 17,906 17,855 16,686 17,092 18,120 18,623
Long-Term Debt
10,399 11,227 10,841 10,247 11,781 11,844 12,300 12,278 12,330 19,428
Other Long-Term Liabilities
4,541 4,306 4,407 4,367 4,028 4,021 3,990 3,884 4,048 4,000
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
9,791 10,749 11,196 12,139 11,586 12,370 12,622 13,565 13,882 13,535
Total Preferred & Common Equity
9,565 10,520 10,953 11,961 11,406 12,191 12,422 13,367 13,688 13,342
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
9,565 10,520 10,953 11,961 11,406 12,191 12,422 13,367 13,688 13,342
Common Stock
1,672 1,740 1,625 1,635 1,711 1,803 1,673 1,758 1,850 1,931
Retained Earnings
19,837 20,301 20,949 21,980 22,007 22,759 23,456 24,578 24,520 25,306
Treasury Stock
-5,896 -6,207 -6,387 -6,599 -6,852 -7,076 -7,198 -7,442 -7,692 -7,655
Accumulated Other Comprehensive Income / (Loss)
-6,048 -5,314 -5,234 -5,055 -5,460 -5,295 -5,509 -5,527 -4,990 -6,240
Noncontrolling Interest
226 229 243 178 180 179 200 198 194 193

Annual Metrics and Ratios for Marsh & McLennan Companies

This table displays calculated financial ratios and metrics derived from Marsh & McLennan Companies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.58% 1.92% 5.90% 6.26% 10.22% 4.91% 14.68% 4.36% 9.63% 7.25%
EBITDA Growth
11.66% 6.89% -0.34% 1.93% -4.55% 24.92% 32.37% -2.39% 20.46% 8.33%
EBIT Growth
12.15% 7.50% -2.14% 1.77% -11.66% 28.00% 40.74% -2.14% 24.43% 8.88%
NOPAT Growth
11.22% 9.72% -22.75% 32.57% -13.71% 28.99% 44.92% -1.88% 24.47% 8.13%
Net Income Growth
9.29% 9.72% -15.77% 10.45% 6.17% 15.40% 55.13% -2.74% 23.16% 8.29%
EPS Growth
12.45% 13.42% -15.09% 12.54% 5.57% 15.54% 55.58% -1.47% 24.67% 8.63%
Operating Cash Flow Growth
-10.90% 6.30% -5.68% 28.26% -2.76% 43.24% 3.96% -1.45% 22.89% 1.03%
Free Cash Flow Firm Growth
-40.07% 53.00% -126.76% 298.14% -586.15% 130.74% -0.43% 107.70% -98.87% -11,692.60%
Invested Capital Growth
4.79% 0.57% 16.70% 7.12% 43.69% 3.39% 7.77% 0.32% 16.13% 29.61%
Revenue Q/Q Growth
1.73% 0.18% 2.28% 0.06% 3.02% 2.81% 2.50% 36.28% -18.38% 1.82%
EBITDA Q/Q Growth
7.69% 1.14% -4.72% 4.07% -2.18% 9.85% 3.36% -7.63% 9.54% -0.53%
EBIT Q/Q Growth
8.62% 1.47% -6.22% 5.02% -4.67% 11.59% 4.46% -9.44% 11.53% -0.89%
NOPAT Q/Q Growth
7.28% 3.52% -27.89% 19.44% -3.82% 10.31% 7.98% -15.01% 3.23% 0.69%
Net Income Q/Q Growth
5.28% 3.46% -21.37% 8.37% 15.43% -0.82% 15.59% -9.82% 8.38% 0.88%
EPS Q/Q Growth
6.43% 3.68% -21.37% 8.39% 15.59% -1.25% 16.10% -9.31% 8.19% 0.74%
Operating Cash Flow Q/Q Growth
-4.02% -0.20% -6.84% 17.01% -1.63% 10.20% 1.71% 1.76% 7.07% 4.19%
Free Cash Flow Firm Q/Q Growth
-56.83% 67.18% -158.00% 103.14% 11.59% 91.95% -61.82% -1.31% 105.15% -259.29%
Invested Capital Q/Q Growth
0.24% -5.21% 0.91% -0.36% -3.39% -5.35% 6.06% 3.69% 0.97% 23.41%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
21.36% 22.40% 21.08% 20.22% 17.51% 20.85% 24.07% 22.51% 24.73% 24.98%
EBIT Margin
18.05% 19.04% 17.59% 16.85% 13.51% 16.48% 20.22% 18.96% 21.52% 21.85%
Profit (Net Income) Margin
12.80% 13.78% 10.96% 11.39% 10.97% 12.07% 16.33% 15.22% 17.09% 17.26%
Tax Burden Percent
70.91% 72.38% 57.21% 74.42% 72.69% 73.25% 75.43% 75.62% 75.65% 75.13%
Interest Burden Percent
100.00% 100.00% 108.90% 90.85% 111.78% 100.00% 107.05% 106.11% 104.99% 105.14%
Effective Tax Rate
29.09% 27.62% 42.87% 25.58% 27.31% 26.75% 24.57% 24.38% 24.35% 24.87%
Return on Invested Capital (ROIC)
15.20% 16.25% 11.55% 13.73% 9.40% 10.11% 13.87% 13.10% 15.06% 13.20%
ROIC Less NNEP Spread (ROIC-NNEP)
15.20% 16.25% 13.99% 10.87% 11.45% 10.11% 15.75% 14.68% 16.51% 14.41%
Return on Net Nonoperating Assets (RNNOA)
8.62% 11.64% 10.50% 8.50% 13.44% 13.68% 17.12% 15.00% 17.83% 18.58%
Return on Equity (ROE)
23.82% 27.89% 22.05% 22.23% 22.84% 23.79% 30.99% 28.10% 32.89% 31.79%
Cash Return on Invested Capital (CROIC)
10.52% 15.68% -3.86% 6.86% -26.45% 6.78% 6.39% 12.78% 0.13% -12.59%
Operating Return on Assets (OROA)
12.81% 13.62% 12.57% 11.76% 8.24% 8.67% 11.66% 9.80% 10.39% 9.97%
Return on Assets (ROA)
9.09% 9.86% 7.83% 7.95% 6.70% 6.35% 9.41% 7.86% 8.25% 7.88%
Return on Common Equity (ROCE)
23.53% 27.52% 21.79% 22.00% 22.51% 23.36% 30.43% 27.54% 32.31% 31.33%
Return on Equity Simple (ROE_SIMPLE)
25.12% 28.99% 20.55% 22.23% 22.75% 22.47% 28.83% 29.34% 31.19% 30.86%
Net Operating Profit after Tax (NOPAT)
1,636 1,795 1,387 1,838 1,586 2,046 2,965 2,909 3,621 3,916
NOPAT Margin
12.80% 13.78% 10.05% 12.54% 9.82% 12.07% 15.25% 14.34% 16.28% 16.42%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% -2.44% 2.86% -2.05% 0.00% -1.88% -1.58% -1.45% -1.21%
SG&A Expenses to Revenue
57.38% 59.06% 58.60% 58.70% 60.25% 59.75% 58.77% 59.50% 58.90% 58.68%
Operating Expenses to Revenue
81.95% 80.96% 82.41% 83.15% 86.50% 83.52% 79.78% 81.04% 78.48% 78.15%
Earnings before Interest and Taxes (EBIT)
2,307 2,480 2,427 2,470 2,182 2,793 3,931 3,847 4,787 5,212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,730 2,918 2,908 2,964 2,829 3,534 4,678 4,566 5,500 5,958
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.82 4.95 5.06 4.89 6.72 6.17 7.67 7.55 7.52 7.79
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.95 2.35 2.70 2.50 3.24 3.32 4.34 3.92 4.12 4.36
Price to Earnings (P/E)
15.57 17.34 24.96 22.24 30.04 27.88 26.85 26.05 24.42 25.60
Dividend Yield
2.47% 2.19% 1.96% 2.17% 1.68% 1.66% 1.20% 1.40% 1.40% 1.78%
Earnings Yield
6.42% 5.77% 4.01% 4.50% 3.33% 3.59% 3.72% 3.84% 4.09% 3.91%
Enterprise Value to Invested Capital (EV/IC)
2.54 3.12 3.22 3.03 3.18 3.19 4.23 3.55 3.53 3.30
Enterprise Value to Revenue (EV/Rev)
2.19 2.65 3.02 2.86 3.92 3.87 4.83 3.90 4.10 4.63
Enterprise Value to EBITDA (EV/EBITDA)
10.27 11.83 14.31 14.16 22.37 18.56 20.05 17.32 16.59 18.53
Enterprise Value to EBIT (EV/EBIT)
12.15 13.92 17.14 16.99 29.00 23.48 23.86 20.55 19.06 21.18
Enterprise Value to NOPAT (EV/NOPAT)
17.14 19.23 30.00 22.83 39.90 32.05 31.63 27.18 25.19 28.19
Enterprise Value to Operating Cash Flow (EV/OCF)
14.85 17.20 21.98 17.29 26.81 19.39 26.68 22.82 21.42 25.66
Enterprise Value to Free Cash Flow (EV/FCFF)
24.76 19.93 0.00 45.71 0.00 47.80 68.66 27.87 2,832.66 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.67 0.77 0.74 0.83 1.51 1.22 0.98 1.07 1.09 1.47
Long-Term Debt to Equity
0.67 0.72 0.70 0.73 1.35 1.17 0.97 1.04 0.96 1.44
Financial Leverage
0.57 0.72 0.75 0.78 1.17 1.35 1.09 1.02 1.08 1.29
Leverage Ratio
2.62 2.83 2.82 2.80 3.41 3.74 3.29 3.57 3.99 4.03
Compound Leverage Factor
2.62 2.83 3.07 2.54 3.81 3.74 3.52 3.79 4.18 4.24
Debt to Total Capital
40.07% 43.39% 42.44% 45.24% 60.08% 54.99% 49.39% 51.68% 52.12% 59.58%
Short-Term Debt to Total Capital
0.11% 2.82% 2.03% 5.45% 6.11% 2.51% 0.08% 1.20% 6.27% 1.55%
Long-Term Debt to Total Capital
39.96% 40.57% 40.41% 39.79% 53.98% 52.48% 49.31% 50.47% 45.85% 58.03%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.81% 0.72% 0.64% 0.53% 0.75% 0.76% 0.96% 1.03% 0.69% 0.58%
Common Equity to Total Capital
59.12% 55.89% 56.92% 54.24% 39.16% 44.25% 49.65% 47.29% 47.19% 39.85%
Debt to EBITDA
1.62 1.65 1.89 2.11 4.23 3.20 2.34 2.52 2.45 3.35
Net Debt to EBITDA
1.11 1.30 1.47 1.75 3.82 2.61 1.97 -0.13 -0.13 1.05
Long-Term Debt to EBITDA
1.61 1.54 1.80 1.86 3.80 3.05 2.34 2.46 2.15 3.26
Debt to NOPAT
2.70 2.68 3.96 3.41 7.54 5.53 3.69 3.95 3.72 5.09
Net Debt to NOPAT
1.86 2.11 3.09 2.83 6.81 4.51 3.10 -0.21 -0.19 1.60
Long-Term Debt to NOPAT
2.69 2.50 3.77 3.00 6.77 5.28 3.69 3.86 3.27 4.96
Noncontrolling Interest Sharing Ratio
1.22% 1.31% 1.19% 1.04% 1.44% 1.78% 1.80% 2.01% 1.76% 1.44%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,132 1,732 -463 918 -4,464 1,372 1,366 2,837 32 -3,733
Operating Cash Flow to CapEx
584.52% 806.02% 643.88% 780.71% 560.81% 971.84% 866.01% 737.23% 1,023.56% 1,361.39%
Free Cash Flow to Firm to Interest Expense
6.94 9.16 -1.96 3.17 -8.52 2.66 3.08 6.05 0.06 -5.33
Operating Cash Flow to Interest Expense
11.58 10.62 7.99 8.37 4.51 6.57 7.92 7.39 7.37 6.15
Operating Cash Flow Less CapEx to Interest Expense
9.60 9.30 6.75 7.30 3.70 5.89 7.00 6.39 6.65 5.69
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.71 0.72 0.71 0.70 0.61 0.53 0.58 0.52 0.48 0.46
Fixed Asset Turnover
16.16 17.39 19.20 20.75 20.73 19.78 22.83 23.62 25.37 27.40
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
11,016 11,079 12,929 13,849 19,899 20,573 22,172 22,244 25,833 33,482
Invested Capital Turnover
1.19 1.18 1.15 1.09 0.96 0.84 0.91 0.91 0.93 0.80
Increase / (Decrease) in Invested Capital
504 63 1,850 920 6,050 674 1,599 72 3,589 7,649
Enterprise Value (EV)
28,033 34,514 41,602 41,972 63,287 65,584 93,798 79,073 91,225 110,397
Market Capitalization
24,904 30,653 37,237 36,700 52,336 56,204 84,387 79,451 91,735 103,931
Book Value per Share
$12.49 $12.01 $14.42 $14.91 $15.44 $17.95 $21.80 $21.21 $24.72 $27.17
Tangible Book Value per Share
($4.62) ($6.41) ($5.89) ($7.00) ($19.13) ($17.97) ($16.08) ($16.67) ($15.56) ($30.10)
Total Capital
11,016 11,079 12,929 13,849 19,899 20,573 22,172 22,244 25,833 33,482
Total Debt
4,414 4,807 5,487 6,265 11,956 11,313 10,950 11,495 13,463 19,947
Total Long-Term Debt
4,402 4,495 5,225 5,510 10,741 10,796 10,933 11,227 11,844 19,428
Net Debt
3,040 3,781 4,282 5,199 10,801 9,224 9,198 -607 -689 6,273
Capital Expenditures (CapEx)
323 249 294 311 421 348 406 470 416 316
Net Nonoperating Expense (NNE)
0.00 0.00 -125 168 -187 0.00 -209 -178 -181 -201
Net Nonoperating Obligations (NNO)
4,414 4,807 5,487 6,265 11,956 11,313 10,950 11,495 13,463 19,947
Total Depreciation and Amortization (D&A)
423 438 481 494 647 741 747 719 713 746
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$3.01 $3.41 $2.91 $3.26 $3.44 $3.98 $6.20 $6.11 $7.60 $8.26
Adjusted Weighted Average Basic Shares Outstanding
531M 519M 513M 506M 506M 506M 507M 499M 494M 492M
Adjusted Diluted Earnings per Share
$2.98 $3.38 $2.87 $3.23 $3.41 $3.94 $6.13 $6.04 $7.53 $8.18
Adjusted Weighted Average Diluted Shares Outstanding
536M 524M 519M 511M 511M 512M 513M 505M 499M 496M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $3.44 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 503.90M 508.19M 502.77M 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
1,636 1,626 1,387 1,838 1,586 2,046 2,965 2,909 3,621 3,916
Normalized NOPAT Margin
12.80% 12.48% 10.05% 12.54% 9.82% 12.07% 15.25% 14.34% 16.28% 16.42%
Pre Tax Income Margin
18.05% 19.04% 19.16% 15.31% 15.10% 16.48% 21.65% 20.12% 22.60% 22.97%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
14.15 13.12 10.24 8.52 4.16 5.42 8.85 8.20 8.28 7.45
NOPAT to Interest Expense
10.04 9.50 5.85 6.34 3.03 3.97 6.68 6.20 6.27 5.59
EBIT Less CapEx to Interest Expense
12.17 11.80 9.00 7.44 3.36 4.75 7.94 7.20 7.56 6.99
NOPAT Less CapEx to Interest Expense
8.06 8.18 4.61 5.27 2.22 3.30 5.76 5.20 5.55 5.14
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
38.63% 37.99% 48.94% 48.32% 51.10% 47.75% 33.46% 37.74% 34.96% 37.72%
Augmented Payout Ratio
124.21% 82.56% 108.47% 88.74% 78.45% 47.75% 69.97% 100.91% 65.20% 59.58%

Quarterly Metrics and Ratios for Marsh & McLennan Companies

This table displays calculated financial ratios and metrics derived from Marsh & McLennan Companies' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
3.67% 107.04% 7,092.77% 9.02% 12.87% -47.93% 9.44% 5.83% 5.75% 7.85%
EBITDA Growth
2.30% -35.14% 10.66% 5.70% 24.02% 68.82% 12.28% 11.52% 9.45% -2.72%
EBIT Growth
4.48% -44.80% 12.78% 5.67% 28.40% 100.20% 12.33% 13.22% 11.41% -4.75%
NOPAT Growth
3.94% -37.33% 11.27% 7.24% 35.30% 53.28% 13.63% 9.02% 2.00% 3.58%
Net Income Growth
1.85% -41.64% 15.29% 7.06% 33.70% 62.42% 13.74% 8.88% 1.90% 4.71%
EPS Growth
2.86% -39.49% 17.62% 8.38% 36.11% 60.00% 14.17% 9.66% 2.72% 3.95%
Operating Cash Flow Growth
4.46% 4.16% -16.67% 15.76% 30.87% 18.71% 4.64% -18.13% 5.64% 9.70%
Free Cash Flow Firm Growth
-102.94% 147.08% 94.01% -40.38% -8,748.31% -818.56% -951.31% -20.36% 75.54% -140.71%
Invested Capital Growth
2.62% 0.32% 5.47% 9.01% 19.27% 16.13% 8.18% 9.49% 6.04% 29.61%
Revenue Q/Q Growth
-11.64% 124.43% -44.44% -1.05% -8.51% 3.54% 16.76% -4.31% -8.59% 5.60%
EBITDA Q/Q Growth
-40.53% -17.63% 155.03% -15.38% -30.23% 12.12% 69.62% -15.96% -31.52% -0.35%
EBIT Q/Q Growth
-46.05% -26.92% 225.10% -17.56% -34.44% 13.94% 82.41% -16.91% -35.49% -2.59%
NOPAT Q/Q Growth
-45.50% -7.48% 156.55% -17.11% -31.23% 4.81% 90.19% -20.47% -35.66% 6.44%
Net Income Q/Q Growth
-43.56% -14.67% 165.82% -16.37% -29.51% 3.66% 86.14% -19.94% -34.04% 6.52%
EPS Q/Q Growth
-43.46% -12.04% 160.00% -16.19% -28.99% 3.40% 85.53% -19.50% -33.48% 4.64%
Operating Cash Flow Q/Q Growth
7.88% 8.60% -154.53% 281.20% 21.97% -1.49% -143.80% 255.57% 57.37% 2.30%
Free Cash Flow Firm Q/Q Growth
94.77% 1,125.05% -114.95% -1,651.17% -229.78% 16.76% 78.13% -100.49% 32.99% -719.22%
Invested Capital Q/Q Growth
-5.56% 3.69% 9.87% 1.31% 3.33% 0.97% 2.35% 2.53% 0.08% 23.41%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
18.15% 6.66% 30.58% 26.15% 19.95% 21.60% 31.38% 27.56% 20.64% 19.48%
EBIT Margin
14.52% 4.73% 27.67% 23.05% 16.52% 18.18% 28.40% 24.66% 17.40% 16.06%
Profit (Net Income) Margin
11.86% 4.51% 21.57% 18.23% 14.05% 14.06% 22.42% 18.76% 13.53% 13.65%
Tax Burden Percent
75.31% 76.84% 75.24% 75.65% 79.35% 73.00% 76.11% 72.84% 72.66% 79.39%
Interest Burden Percent
108.43% 124.09% 103.61% 104.53% 107.14% 105.97% 103.71% 104.40% 107.03% 107.11%
Effective Tax Rate
24.69% 23.16% 24.76% 24.35% 20.65% 27.00% 23.89% 27.16% 27.34% 20.61%
Return on Invested Capital (ROIC)
7.69% 4.12% 22.89% 19.58% 15.19% 12.28% 19.36% 16.02% 11.24% 10.25%
ROIC Less NNEP Spread (ROIC-NNEP)
8.07% 4.12% 23.24% 19.95% 15.57% 12.62% 19.74% 16.39% 11.60% 10.57%
Return on Net Nonoperating Assets (RNNOA)
9.29% 4.21% 26.26% 21.13% 18.69% 13.63% 22.43% 16.68% 12.41% 13.63%
Return on Equity (ROE)
16.98% 8.33% 49.15% 40.71% 33.88% 25.91% 41.79% 32.70% 23.65% 23.88%
Cash Return on Invested Capital (CROIC)
13.57% 12.78% 8.34% 5.38% -2.66% 0.13% 7.02% 5.89% 8.89% -12.59%
Operating Return on Assets (OROA)
6.65% 2.44% 21.29% 15.36% 11.25% 8.78% 15.80% 11.99% 8.33% 7.33%
Return on Assets (ROA)
5.43% 2.33% 16.59% 12.15% 9.57% 6.79% 12.47% 9.12% 6.48% 6.23%
Return on Common Equity (ROCE)
16.65% 8.16% 48.13% 40.00% 33.24% 25.45% 41.01% 32.22% 23.30% 23.54%
Return on Equity Simple (ROE_SIMPLE)
35.79% 0.00% 29.70% 27.77% 30.76% 0.00% 31.99% 30.43% 29.81% 0.00%
Net Operating Profit after Tax (NOPAT)
509 471 1,208 1,002 689 722 1,373 1,092 703 748
NOPAT Margin
10.94% 4.51% 20.82% 17.44% 13.11% 13.27% 21.62% 17.97% 12.65% 12.75%
Net Nonoperating Expense Percent (NNEP)
-0.38% 0.00% -0.35% -0.37% -0.38% -0.35% -0.38% -0.37% -0.36% -0.32%
SG&A Expenses to Revenue
62.79% 29.08% 55.26% 58.11% 62.56% 60.07% 54.63% 56.83% 61.95% 61.87%
Operating Expenses to Revenue
85.48% 95.27% 72.33% 76.95% 83.48% 81.82% 71.60% 75.34% 82.60% 83.94%
Earnings before Interest and Taxes (EBIT)
676 494 1,606 1,324 868 989 1,804 1,499 967 942
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
845 696 1,775 1,502 1,048 1,175 1,993 1,675 1,147 1,143
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
7.57 7.55 7.36 7.64 8.09 7.52 8.12 7.74 7.99 7.79
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
4.86 3.92 3.08 3.43 3.39 4.12 4.42 4.47 4.67 4.36
Price to Earnings (P/E)
21.37 26.05 25.08 27.84 26.63 24.42 25.72 25.79 27.14 25.60
Dividend Yield
1.51% 1.40% 1.41% 1.28% 1.33% 1.40% 1.33% 1.35% 1.64% 1.78%
Earnings Yield
4.68% 3.84% 3.99% 3.59% 3.76% 4.09% 3.89% 3.88% 3.69% 3.91%
Enterprise Value to Invested Capital (EV/IC)
3.89 3.55 3.81 3.69 3.59 3.53 3.86 3.84 4.02 3.30
Enterprise Value to Revenue (EV/Rev)
5.61 3.90 3.56 3.43 3.37 4.10 4.47 4.50 4.65 4.63
Enterprise Value to EBITDA (EV/EBITDA)
16.89 17.32 19.65 18.98 18.27 16.59 17.83 17.66 18.20 18.53
Enterprise Value to EBIT (EV/EBIT)
19.65 20.55 23.10 22.30 21.38 19.06 20.45 20.16 20.73 21.18
Enterprise Value to NOPAT (EV/NOPAT)
24.38 27.18 28.61 27.52 26.16 25.19 26.93 26.84 28.04 28.19
Enterprise Value to Operating Cash Flow (EV/OCF)
24.51 22.82 27.80 25.76 23.07 21.42 23.73 25.83 26.40 25.66
Enterprise Value to Free Cash Flow (EV/FCFF)
29.03 27.87 46.89 71.65 0.00 2,832.66 57.09 68.12 46.52 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.19 1.07 1.18 1.04 1.21 1.09 1.09 1.00 0.95 1.47
Long-Term Debt to Equity
1.06 1.04 0.97 0.84 1.02 0.96 0.97 0.91 0.89 1.44
Financial Leverage
1.15 1.02 1.13 1.06 1.20 1.08 1.14 1.02 1.07 1.29
Leverage Ratio
3.30 3.57 3.04 3.47 3.74 3.99 3.44 3.70 3.84 4.03
Compound Leverage Factor
3.58 4.43 3.15 3.63 4.01 4.22 3.57 3.87 4.11 4.32
Debt to Total Capital
54.36% 51.68% 54.19% 50.98% 54.72% 52.12% 52.26% 49.96% 48.83% 59.58%
Short-Term Debt to Total Capital
5.89% 1.20% 9.83% 9.59% 8.67% 6.27% 5.74% 4.67% 3.39% 1.55%
Long-Term Debt to Total Capital
48.47% 50.47% 44.36% 41.38% 46.04% 45.85% 46.52% 45.29% 45.45% 58.03%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
1.05% 1.03% 0.99% 0.72% 0.70% 0.69% 0.76% 0.73% 0.72% 0.58%
Common Equity to Total Capital
44.59% 47.29% 44.82% 48.31% 44.58% 47.19% 46.98% 49.31% 50.45% 39.85%
Debt to EBITDA
2.36 2.52 2.80 2.62 2.79 2.45 2.42 2.30 2.21 3.35
Net Debt to EBITDA
2.20 -0.13 2.58 -0.02 -0.15 -0.13 0.16 0.07 -0.08 1.05
Long-Term Debt to EBITDA
2.10 2.46 2.29 2.13 2.35 2.15 2.15 2.08 2.06 3.26
Debt to NOPAT
3.41 3.95 4.07 3.80 3.99 3.72 3.65 3.49 3.41 5.09
Net Debt to NOPAT
3.17 -0.21 3.76 -0.03 -0.21 -0.19 0.24 0.10 -0.12 1.60
Long-Term Debt to NOPAT
3.04 3.86 3.33 3.08 3.36 3.27 3.25 3.17 3.17 4.96
Noncontrolling Interest Sharing Ratio
1.93% 2.01% 2.07% 1.74% 1.90% 1.76% 1.86% 1.46% 1.47% 1.44%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-39 399 -60 -1,044 -3,444 -2,867 -627 -1,257 -842 -6,901
Operating Cash Flow to CapEx
1,080.47% 1,458.25% -975.00% 1,469.31% 1,630.63% 1,485.83% -897.70% 1,518.75% 2,619.18% 2,573.68%
Free Cash Flow to Firm to Interest Expense
-0.33 3.14 -0.44 -7.15 -23.75 -18.99 -3.94 -8.06 -5.47 -29.88
Operating Cash Flow to Interest Expense
11.72 11.83 -6.02 10.16 12.48 11.81 -4.91 7.79 12.42 8.47
Operating Cash Flow Less CapEx to Interest Expense
10.64 11.02 -6.64 9.47 11.72 11.01 -5.46 7.28 11.94 8.14
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.46 0.52 0.77 0.67 0.68 0.48 0.56 0.49 0.48 0.46
Fixed Asset Turnover
17.63 23.62 30.22 30.75 31.61 25.37 26.13 26.44 26.88 27.40
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
21,453 22,244 24,440 24,761 25,586 25,833 26,440 27,110 27,131 33,482
Invested Capital Turnover
0.70 0.91 1.10 1.12 1.16 0.93 0.90 0.89 0.89 0.80
Increase / (Decrease) in Invested Capital
548 72 1,268 2,046 4,133 3,589 2,000 2,349 1,545 7,649
Enterprise Value (EV)
83,466 79,073 93,081 91,431 91,752 91,225 101,937 104,031 109,025 110,397
Market Capitalization
72,380 79,451 80,600 91,366 92,301 91,735 100,829 103,438 109,303 103,931
Book Value per Share
$19.17 $21.21 $22.15 $24.18 $23.09 $24.72 $25.25 $27.13 $27.83 $27.17
Tangible Book Value per Share
($16.86) ($16.67) ($15.77) ($14.49) ($15.68) ($15.56) ($15.29) ($13.77) ($14.78) ($30.10)
Total Capital
21,453 22,244 24,440 24,761 25,586 25,833 26,440 27,110 27,131 33,482
Total Debt
11,662 11,495 13,244 12,622 14,000 13,463 13,818 13,545 13,249 19,947
Total Long-Term Debt
10,399 11,227 10,841 10,247 11,781 11,844 12,300 12,278 12,330 19,428
Net Debt
10,860 -607 12,238 -113 -729 -689 908 395 -472 6,273
Capital Expenditures (CapEx)
128 103 84 101 111 120 87 80 73 76
Net Nonoperating Expense (NNE)
-43 0.00 -44 -45 -49 -43 -51 -48 -49 -53
Net Nonoperating Obligations (NNO)
11,662 11,495 13,244 12,622 14,000 13,463 13,818 13,545 13,249 19,947
Total Depreciation and Amortization (D&A)
169 202 169 178 180 186 189 176 180 201
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.10 $0.95 $2.50 $2.09 $1.48 $1.53 $2.84 $2.28 $1.52 $1.62
Adjusted Weighted Average Basic Shares Outstanding
498M 499M 495M 495M 494M 494M 492M 492M 492M 492M
Adjusted Diluted Earnings per Share
$1.08 $0.95 $2.47 $2.07 $1.47 $1.52 $2.82 $2.27 $1.51 $1.58
Adjusted Weighted Average Diluted Shares Outstanding
503M 505M 500M 499M 499M 499M 497M 496M 496M 496M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
509 471 1,208 1,002 689 722 1,373 1,092 703 748
Normalized NOPAT Margin
10.94% 4.51% 20.82% 17.44% 13.11% 13.27% 21.62% 17.97% 12.65% 12.75%
Pre Tax Income Margin
15.75% 5.87% 28.67% 24.10% 17.70% 19.26% 29.46% 25.75% 18.63% 17.20%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
5.73 3.89 11.81 9.07 5.99 6.55 11.35 9.61 6.28 4.08
NOPAT to Interest Expense
4.31 3.71 8.89 6.86 4.75 4.78 8.64 7.00 4.56 3.24
EBIT Less CapEx to Interest Expense
4.64 3.08 11.19 8.38 5.22 5.76 10.80 9.10 5.81 3.75
NOPAT Less CapEx to Interest Expense
3.23 2.90 8.27 6.17 3.98 3.99 8.09 6.49 4.09 2.91
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
34.24% 37.74% 36.43% 36.24% 36.12% 34.96% 34.93% 35.78% 36.90% 37.72%
Augmented Payout Ratio
93.40% 100.91% 90.22% 79.89% 71.75% 65.20% 63.87% 64.05% 65.08% 59.58%

Frequently Asked Questions About Marsh & McLennan Companies' Financials

When does Marsh & McLennan Companies's financial year end?

According to the most recent income statement we have on file, Marsh & McLennan Companies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Marsh & McLennan Companies' net income changed over the last 9 years?

Marsh & McLennan Companies' net income appears to be on an upward trend, with a most recent value of $4.12 billion in 2024, rising from $1.64 billion in 2015. The previous period was $3.80 billion in 2023.

How has Marsh & McLennan Companies revenue changed over the last 9 years?

Over the last 9 years, Marsh & McLennan Companies' total revenue changed from $12.78 billion in 2015 to $23.85 billion in 2024, a change of 86.6%.

How much debt does Marsh & McLennan Companies have?

Marsh & McLennan Companies' total liabilities were at $42.95 billion at the end of 2024, a 20.4% increase from 2023, and a 269.8% increase since 2015.

How much cash does Marsh & McLennan Companies have?

In the past 9 years, Marsh & McLennan Companies' cash and equivalents has ranged from $1.03 billion in 2016 to $12.10 billion in 2022, and is currently $2.40 billion as of their latest financial filing in 2024.

How has Marsh & McLennan Companies' book value per share changed over the last 9 years?

Over the last 9 years, Marsh & McLennan Companies' book value per share changed from 12.49 in 2015 to 27.17 in 2024, a change of 117.6%.



This page (NYSE:MMC) was last updated on 4/24/2025 by MarketBeat.com Staff
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