Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc.

MRSH

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Market Cap$89.82B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Marsh & McLennan Companies, Inc.Marsh & McLennan Companies, Inc.21.42.15%26%3.31.5

Earnings Call Q3 2026

October 15, 2026 - AI Summary

Strong Q3 performance + continued margin/EPS expansion (good): - Consolidated revenue +$6.9B (+8% YoY); underlying revenue +5%. - Adjusted operating income +6%; adjusted EPS +10% to $2.03 (reported GAAP EPS $1.69). - Segment mix: RIS revenue +7% (3% underlying); Consulting revenue +9% (8% underlying); within Consulting, Management Consulting revenue +14% (reported/underlying) driven by strong demand including AI-related work. - First 9 months: underlying revenue +5%, adjusted operating income +$7% to $6.1B, adjusted EPS +$9% to $8.29.
RIS “rate headwind” but risk business growing (mixed / partly bad): - Risk (within RIS) revenue +10% (+5% underlying) despite soft pricing environment; growth supported by digital infrastructure and transactional risk demand. - International RIS underlying growth +6% (EMEA +7%, APAC +4%, LatAm flat); US/Canada underlying +4%. - Reinsurance revenue $374M (-6%), though this is a small quarter; down more due to property reinsurance rate softness and tough YoY comparison (some prior-year non-recurring items). Through 9 months, reinsurance is -1% underlying. - Management expects competitive/soft market conditions persist through the Jan 1 renewal cycle.
Guidance/outlook: steady growth and margin expansion, but dependent on environment (good + risk): - For 2026, company reiterates expectation of underlying revenue growth “similar to 2025”, another year of margin expansion, and solid adjusted EPS growth. - Based on current market conditions; they explicitly flag economic/geopolitical environment could change materially. - Q4 earnings drivers: management expects management consulting to be roughly flat top line in Q4 due to timing of success fees (Q3 benefited from favorable timing/pull-forward).

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$201.50

Target Price by Analysts

8% upsideMarsh & McLennan Companies Target Price DetailsTarget Price
$202.31

Current Fair Value

8.5% upside

Undervalued by 8.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$89.82 Billion
Enterprise Value$110.98 Billion
Dividend Yield$3.78 (2.15%)
Earnings per Share$8.48
Beta0.59
Outstanding Shares482,000,000

Return

Return on Equity25.79%ROE
Return on Assets6.67%
Return on Invested Capital12.59%

Valuation & Multiples

P/E Ratio21.41P/E Ratio
PEG471.37PEG
Price to Sales3.27Price to Sales
Price to Book Ratio5.83Price to Book Ratio
Enterprise Value to Revenue3.97
Enterprise Value to EBIT23.01
Enterprise Value to Net Income27
Total Debt to Enterprise0.21
Debt to Equity1.48Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
October 15, 2026
EPS Estimate
$1.97
Average shareholder expectation
Revenue Estimate
$6.64 B
Average shareholder expectation

Next Earnings Call

Expected Date
February 4, 2027
EPS Estimate
$2.21
Average shareholder expectation
Revenue Estimate
$6.92 B
Average shareholder expectation

Institutional Sentiment (Put/Call)

No data available for the latest quarter.

Institutional Ownership

No data available for the latest quarter.

ESG Score

No data

About Marsh & McLennan Cos., Inc.

95,000 employees
CEO: Daniel Glaser

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human ...