Marsh & McLennan Cos., Inc.

Marsh & McLennan Cos., Inc.

MMC

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Market Cap$89.82B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Marsh & McLennan Cos., Inc.Marsh & McLennan Cos., Inc.19.72.25%27%3.31.6

Earnings Call Q1 2026

April 16, 2026 - AI Summary

Strong Revenue Growth: Marsh reported a consolidated revenue increase of 8% year-over-year (YOY) to $7.6 billion, with underlying revenue growth of 4%. This was driven by 3% growth in Risk & Insurance Services (RIS) and 5% growth in Consulting, providing a solid foundation despite challenging market conditions.
Adjusted EPS and Operating Income: Adjusted operating income also grew by 8%, resulting in an adjusted EPS of $3.29. The adjusted operating margin held steady at 31.8%, reflecting effective cost management as the company seeks to achieve its 19th consecutive year of margin expansion.
Market Challenges: The insurance and reinsurance market remains highly competitive, with primary commercial insurance rates decreasing by 5% in Q1 2026. The company faces headwinds from lower interest rates and declining pricing pressures, particularly in property and casualty sectors, which may impact revenue growth moving forward.

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$209.96

Current Fair Value

14.9% upside

Undervalued by 14.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$89.82 Billion
Enterprise Value$111.23 Billion
Dividend Yield$3.60 (2.25%)
Earnings per Share$8.48
Beta0.75
Outstanding Shares484,000,000

Return

Return on Equity26.51%ROE
Return on Assets6.70%
Return on Invested Capital10.14%

Valuation & Multiples

P/E Ratio19.73P/E Ratio
PEG-115.92PEG
Price to Sales3.26Price to Sales
Price to Book Ratio6.09Price to Book Ratio
Enterprise Value to Revenue4.04
Enterprise Value to EBIT29.14
Enterprise Value to Net Income28
Total Debt to Enterprise0.21
Debt to Equity1.55Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
January 29, 2026
EPS Estimate
$1.97
Average shareholder expectation
Revenue Estimate
$6.55 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5922▼ 27.35%
Total Calls660,800▲ 12.86%
Total Puts391,300▼ 22.79%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %88.69%▲ 0.79%
Total Invested$80.81B▼ 7.06%
Investors Holding1,619▲ 10.00%

ESG Score

No data

About Marsh & McLennan Cos., Inc.

CEO: Daniel Glaser

Relevant Senate Committees

Joint Committee on Taxation

This committee directly influences the legislative outcomes of tax policy by providing official revenue estimates and technical analysis for all tax bills. Its work directly shapes corporate tax structures and capital investment, which significantly impacts MMC's financial planning and operational costs.

Finance

This powerful committee directly controls taxation (corporate tax rates, deductions), trade, and entitlement spending (Medicare). These decisions directly affect MMC's profitability, global operations, and the regulatory landscape for its health and benefits consulting services.

Health, Education, Labor, and Pensions

This committee has direct regulatory authority over health policy (affecting health insurance and benefits design), labor laws (impacting employee benefits and pension regulations), and education. These areas are central to MMC's Mercer business, which provides extensive HR, health, and benefits consulting services globally.

Banking, Housing, and Urban Affairs

This committee directly regulates the entire financial system, including financial institutions. As a major player in the financial services sector (insurance brokerage and consulting), MMC is highly susceptible to regulations concerning capital, market conduct, financial stability, and various financial products overseen by this committee.