Marsh Financial Ratios
NYSE: MRSHFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Marsh ratio analysis
Marsh earned a net margin of 15.4% in FY 2025, down from 16.6% a year earlier. Return on equity reached 27.2%, meaning Marsh generated 0.27 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 1.28 versus 1.47 the year before, and the current ratio was 1.10.
At the end of FY 2025, MRSH traded at 21.6 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 20.0 to 32.8, with a median of 26.6. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Marsh financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 21.65 | 25.83 | 25.16 | 27.40 | 28.36 | 29.70 | 32.81 | 24.74 | 28.36 | 20.00 |
| Price / sales | 3.32 | 4.25 | 4.12 | 3.99 | 4.45 | 3.44 | 3.40 | 2.70 | 2.98 | 2.66 |
| Price / book | 5.85 | 7.68 | 7.57 | 7.68 | 7.85 | 6.39 | 7.13 | 5.33 | 5.61 | 5.59 |
| Operating margin | 23.1% | 23.8% | 23.2% | 20.7% | 21.8% | 17.8% | 16.1% | 18.5% | 18.9% | 18.4% |
| Net margin | 15.4% | 16.6% | 16.5% | 14.7% | 15.9% | 11.7% | 10.5% | 11.0% | 10.6% | 13.4% |
| Free cash flow margin | 18.5% | 16.3% | 16.9% | 14.5% | 15.7% | 17.6% | 11.7% | 14.1% | 11.3% | 13.3% |
| Return on equity (ROE) | 27.2% | 30.0% | 30.4% | 28.4% | 28.0% | 21.8% | 21.9% | 21.8% | 20.0% | 28.2% |
| Return on assets (ROA) | 7.1% | 7.2% | 7.8% | 6.9% | 7.1% | 6.1% | 5.6% | 7.6% | 7.3% | 9.7% |
| Debt / equity | 1.28 | 1.47 | 1.09 | 1.07 | 0.98 | 1.22 | 1.51 | 0.77 | 0.74 | 0.77 |
| Current ratio | 1.10 | 1.13 | 1.10 | 1.06 | 1.24 | 1.24 | 1.06 | 1.21 | 1.31 | 1.20 |
| Revenue growth | 10.3% | 7.6% | 9.7% | 4.5% | 15.1% | 3.4% | 11.4% | 6.6% | 6.2% | 2.5% |
| EPS growth | 3.1% | 8.6% | 24.7% | -1.5% | 55.6% | 15.5% | 5.6% | 12.5% | -15.1% | 13.4% |