BLNC vs MRSH vs AON Stock Comparison

Balance Labs, Marsh & Mclennan Companies and Aon Prices as of Oct 23, 2026 Peers: Industry group
BLNC Balance Labs, Inc.
$1.55 0.0% 1M -29.5% 1Y
Market cap
$72.62M
P/E
–
Revenue (TTM)
-$10.17K
Div. yield
–
Financial Advisory Financial Services
1 win
AON Aon plc
$302.08 +8.7% 1M -10.6% 1Y
Market cap
$64.63B
P/E
16.5x
Revenue (TTM)
$17.58B
Div. yield
0.01%
Insurance Brokers Financial Services
6 wins

Head to Head

12 decided of 12

Aon leads on 6 of the 12 questions below (Aon 6, Marsh & Mclennan Companies 5, Balance Labs 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLNCMRSHAONLeader
Larger companyMarket capitalisation $72.62M $90.99B $64.63B MRSH
Cheaper on earningsLower P/E, profitable companies only -2.3x 22.5x 16.5x AON
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 19.1x 16.6x AON
Faster revenue growthRevenue growth, trailing twelve months — +7.6% +4.9% MRSH
More profitableNet margin, trailing twelve months — 14.2% 22.3% AON
Better return on capitalReturn on invested capital — 13.1% 14.8% AON
Less leveragedLower net debt / EBITDA — 2.7x 2.5x AON
Higher dividend yieldTrailing dividend yield — 0.02% 0.01% MRSH
Better 1-year returnPrice return, last 12 months -29.5% +4.4% -10.6% MRSH
Better 5-year returnAnnualised price return, 5 years +9.2%/yr +3.0%/yr -1.0%/yr BLNC
Less volatileAnnualised volatility, 1 year 54.3% 25.9% 29.2% MRSH
Higher overall scoreMean of the five percentile scores vs peers 7/100 35/100 39/100 AON

Percentile Scorecard

BLNCMRSHAON

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBLNCMRSHAON
Valuation 11 #164 of 184 10 #107 of 119 11 #106 of 119
Growth 1 #112 of 113 15 #98 of 115 42 #67 of 115
Profitability – 71 #33 of 113 85 #18 of 113
Financial Health 9 #152 of 167 21 #90 of 114 5 #108 of 114
Shareholder Returns – 57 #47 of 107 54 #50 of 107
Overall 7 35 39
  • BLNC ranked among 212 companies in Asset and Wealth Management
  • MRSH ranked among 126 companies in Insurance
  • AON ranked among 126 companies in Insurance

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBLNCMRSHAONSPY
1 month 0.0%+13.8%+8.7% -0.8%
3 months 0.0%+6.3%-17.7% +3.5%
6 months 0.0%+14.5%-6.7% +7.0%
Year to date 0.0%+5.0%-14.4% +12.2%
1 year -29.5%+4.4%-10.6% +13.0%
3 years +573.9%+5.3%-1.6% +86.3%
3 years, per year +89.0%+1.8%-0.5% +23.1%
5 years +55.0%+16.2%-4.7% +68.6%
5 years, per year +9.2%+3.0%-1.0% +11.0%
10 years -22.5%+208.1%+179.2% +258.0%
10 years, per year -2.5%+11.9%+10.8% +13.6%

Risk

MeasureBLNCMRSHAONSPY
Volatility, 1Y 54.3%25.9%29.2% 12.7%
Downside volatility, 1Y —24.8%31.0% 12.7%
Beta vs S&P 500, 1Y 0.17-0.38-0.31 1.00
Return / volatility, 1Y -0.540.17-0.36 1.02
Max drawdown, 5Y -85.0%-35.6%-34.2% -25.4%
From 52-week high -29.5%-2.3%-20.7% -1.8%
52-week high $2.20$199.34$381.11 $779.14
52-week low $1.11$157.32$269.45 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBLNCMRSHAON
P/E now vs peer median -2.3xmedian 33.6x 22.9xmedian 10.6x 16.5xmedian 10.6x
P/S now vs peer median -7,138xmedian 4.9x 3.3xmedian 1.4x 3.6xmedian 1.4x
EV/EBITDA now vs peer median —median 11.5x 15.9xmedian 7.6x 14.0xmedian 7.6x
P/FCF now vs peer median -164.7xmedian 13.2x 22.3xmedian 8.6x 19.7xmedian 8.6x
P/B now vs peer median -26.2xmedian 1.8x 6.2xmedian 1.5x 6.6xmedian 1.5x
PEG now vs peer median 0.01median 0.91 3.43median 0.52 1.35median 0.52

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBLNCMRSHAON
Revenue -$10.17K $28.46B $17.58B
Operating income -$13.94M $6.09B $4.65B
Net income -$31.67M $4.12B $3.99B
Free cash flow -$440.96K $4.15B $3.25B
EPS (diluted) $-0.68 $8.44 $18.30
Cash & equivalents $117.47K $1.84B $1.06B
Total debt $1.91M $20.53B $14.97B
Shares (diluted) 46.85M 479.00M 213.90M
Enterprise value $71.82M $83.15B $57.85B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBLNCMRSHAON
P/E -2.3x 22.9x 16.5x
P/FCF -164.7x 22.3x 19.7x
P/Operating cash flow -164.7x 20.7x 18.1x
P/S -7,138x 3.3x 3.6x
P/B -26.2x 6.2x 6.6x
P/Tangible book -26.2x 8.9x 15.9x
EV/EBITDA – 15.9x 14.0x
EV/EBIT -5.2x 18.3x 16.7x
EV/Revenue -7,128x 3.9x 4.4x
EV/FCF -164.5x 26.8x 23.9x
EV/Operating cash flow -164.5x 24.9x 22.0x
PEG (3Y EPS CAGR) 0.01 3.43 1.35

Growth

14 metrics
MetricBLNCMRSHAON
Revenue growth (1Y) – 7.6% 4.9%
Revenue CAGR (3Y) -140.7% 8.6% 10.9%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -4,457% -1.0% 15.4%
Operating income CAGR (3Y) -533.9% 7.8% 5.9%
Net income growth (1Y) -6,739% -1.9% 49.7%
Net income CAGR (3Y) -292.7% 5.5% 13.4%
EPS growth (1Y) -3,064% 1.0% 52.8%
EPS CAGR (3Y) -203.7% 6.7% 12.2%
Operating cash flow growth (1Y) -202.7% -12.1% 12.1%
Operating cash flow CAGR (3Y) -113.4% 4.0% 3.1%
Free cash flow growth (1Y) -202.7% -13.9% 11.5%
Free cash flow CAGR (3Y) -113.4% 5.1% 3.3%

Profitability

14 metrics
MetricBLNCMRSHAON
Gross margin – – –
EBITDA margin – 24.6% 31.6%
Operating margin – 21.4% 26.5%
Pretax margin – 18.9% 28.9%
Net margin – 14.2% 22.3%
FCF margin – 14.6% 18.5%
Operating cash flow margin 4,334% 15.7% 20.1%
Return on equity – 27.2% 40.6%
Return on assets -16,393% 6.9% 7.6%
Return on invested capital – 13.1% 14.8%
Return on capital employed – 16.2% 18.5%
Asset turnover -0.1x 0.5x 0.3x
Cash conversion (OCF / net income) 0.0x 1.1x 0.9x
Stock comp / revenue -131,374% 1.5% 2.1%

Financial Health

11 metrics
MetricBLNCMRSHAON
Debt / assets 19.7% 34.3% 28.1%
Debt / equity 0.0x 1.4x 1.5x
Net debt / EBITDA – 2.7x 2.5x
Debt / FCF -0.1x 4.9x 4.6x
Liabilities / assets 2,288% 75.1% 81.8%
Equity / assets -2,188% 24.9% 18.2%
Interest coverage -119.8x 6.3x 6.2x
Current ratio 0.0x 1.1x 1.0x
Quick ratio 0.0x 0.5x 0.3x
Cash ratio 0.0x 0.1x 0.0x
Altman Z-score -790.54 2.77 1.52

Shareholder Returns

7 metrics
MetricBLNCMRSHAON
Dividend yield – 1.9% 1.0%
Net buyback yield – 3.1% 2.4%
Shareholder yield – 5.0% 3.4%
Payout ratio (earnings) – 43.6% 16.5%
Payout ratio (FCF) – 43.3% 20.3%
Dividend growth (1Y) – 8.4% 9.5%
Dividend CAGR (3Y) – 13.1% 11.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBLNCMRSHAON
Forward P/E – 19.1xFY2026 16.6xFY2026
EPS, next fiscal year – $10.21FY2026 $18.15FY2026
EPS growth, next FY – +4.7%FY2026 +6.3%FY2026
EPS growth, the year after – +15.4% +8.1%
Revenue, next fiscal year – $30.28BFY2026 $19.12BFY2026
Revenue growth, next FY – +12.2%FY2026 +11.3%FY2026
Revenue growth, the year after – +6.4% +8.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLNCMRSHAON
Held by institutions – 93.9% 90.5%
Institutions holding – 1,496 1,254
Change in shares held, QoQ – +2.8% +3.1%
Institutions buying – 624 603
Institutions selling – 652 448
Buyers to sellers – 0.96 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BLNCMRSHAON
BLNC 1.00 0.03 0.07
MRSH 0.03 1.00 0.80
AON 0.07 0.80 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BLNC, MRSH and AON?

Marsh & Mclennan Companies (MRSH) is the largest by market capitalisation: Balance Labs (BLNC) $72.62M, Marsh & Mclennan Companies (MRSH) $90.99B, Aon (AON) $64.63B.

Which stock is cheaper, BLNC, MRSH and AON?

Aon (AON) trades on the lowest price-to-earnings ratio (Balance Labs (BLNC) -2.3x, Marsh & Mclennan Companies (MRSH) 22.5x, Aon (AON) 16.5x). On next year's consensus earnings, Aon (AON) is cheapest (Marsh & Mclennan Companies (MRSH) 19.1x, Aon (AON) 16.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Marsh & Mclennan Companies (MRSH) grew revenue fastest over the trailing twelve months: Marsh & Mclennan Companies (MRSH) +7.6%, Aon (AON) +4.9%.

Which company is more profitable?

Aon (AON) has the highest net margin (Marsh & Mclennan Companies (MRSH) 14.2%, Aon (AON) 22.3%). On return on invested capital, Aon (AON) leads (Marsh & Mclennan Companies (MRSH) 13.1%, Aon (AON) 14.8%).

Which stock has performed better?

Over the past year Marsh & Mclennan Companies (MRSH) returned the most: Balance Labs (BLNC) -29.5%, Marsh & Mclennan Companies (MRSH) +4.4%, Aon (AON) -10.6%. Over five years, Balance Labs (BLNC) compounded fastest (Balance Labs (BLNC) +9.2%/yr, Marsh & Mclennan Companies (MRSH) +3.0%/yr, Aon (AON) -1.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Marsh & Mclennan Companies (MRSH) has the highest dividend yield: Marsh & Mclennan Companies (MRSH) 0.02%, Aon (AON) 0.01%. Balance Labs (BLNC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Marsh & Mclennan Companies (MRSH) has been the steadiest (Balance Labs (BLNC) 54.3%, Marsh & Mclennan Companies (MRSH) 25.9%, Aon (AON) 29.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BLNC, MRSH and AON?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Aon (AON) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.