HGTY vs MRSH Stock Comparison

Hagerty and Marsh & Mclennan Companies Prices as of Oct 27, 2026 Peers: Industry group
HGTY Hagerty, Inc.
$15.58 +14.9% 1M +39.4% 1Y
Market cap
$1.56B
P/E
88.2x
Revenue (TTM)
$1.43B
Div. yield
–
Insurance Brokers Financial Services
4 wins

Head to Head

11 decided of 12

Marsh & Mclennan Companies leads on 7 of the 12 questions below (Marsh & Mclennan Companies 7, Hagerty 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHGTYMRSHLeader
Larger companyMarket capitalisation $1.56B $91.43B MRSH
Cheaper on earningsLower P/E, profitable companies only 88.2x 22.6x MRSH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 519.3x 18.7x MRSH
Faster revenue growthRevenue growth, trailing twelve months +5.2% +7.6% MRSH
More profitableNet margin, trailing twelve months 1.2% 14.2% MRSH
Better return on capitalReturn on invested capital 6.4% 13.1% MRSH
Less leveragedLower net debt / EBITDA -0.9x 2.7x HGTY
Higher dividend yieldTrailing dividend yield 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months +39.4% +1.6% HGTY
Better 5-year returnAnnualised price return, 5 years +9.2%/yr +2.6%/yr HGTY
Less volatileAnnualised volatility, 1 year 34.2% 26.0% MRSH
Higher overall scoreMean of the five percentile scores vs peers 50/100 36/100 HGTY

Percentile Scorecard

HGTYMRSH

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

AxisHGTYMRSH
Valuation 8 #110 of 119 10 #107 of 119
Growth 74 #30 of 114 17 #95 of 114
Profitability 48 #58 of 110 73 #30 of 110
Financial Health 70 #34 of 110 20 #88 of 110
Shareholder Returns – 59 #44 of 106
Overall 50 36
  • HGTY ranked among 126 companies in Insurance
  • MRSH ranked among 126 companies in Insurance

Price Performance

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

Returns

PeriodHGTYMRSHSPY
1 month +14.9%+11.4% -0.2%
3 months +28.4%-0.8% +3.9%
6 months +46.0%+11.6% +8.2%
Year to date +15.9%+2.8% +12.9%
1 year +39.4%+1.6% +12.3%
3 years +105.5%+3.1% +87.4%
3 years, per year +27.2%+1.0% +23.3%
5 years +55.0%+13.9% +67.9%
5 years, per year +9.2%+2.6% +10.9%
10 years —+201.8% +261.1%
10 years, per year —+11.7% +13.7%

Risk

MeasureHGTYMRSHSPY
Volatility, 1Y 34.2%26.0% 12.7%
Downside volatility, 1Y 33.2%24.9% 12.7%
Beta vs S&P 500, 1Y -0.04-0.39 1.00
Return / volatility, 1Y 1.150.06 0.97
Max drawdown, 5Y -59.7%-35.6% -25.4%
From 52-week high -2.3%-4.3% -1.2%
52-week high $15.95$199.34 $779.14
52-week low $9.67$157.32 $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.

MultipleHGTYMRSH
P/E now vs peer median 89.7xmedian 10.5x 22.5xmedian 10.5x
P/S now vs peer median 3.7xmedian 1.4x 3.2xmedian 1.4x
EV/EBITDA now vs peer median 58.1xmedian 7.6x 15.6xmedian 7.6x
P/FCF now vs peer median 19.2xmedian 8.5x 21.8xmedian 8.5x
P/B now vs peer median 8.2xmedian 1.5x 6.1xmedian 1.5x
PEG now vs peer median 7.13median 0.53 3.35median 0.53

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 monthsHGTYMRSH
Revenue $1.43B $28.46B
Operating income – $6.09B
Net income $70.03M $4.12B
Free cash flow $278.49M $4.15B
EPS (diluted) $0.17 $8.44
Cash & equivalents $298.30M $1.84B
Total debt $215.95M $20.53B
Shares (diluted) 101.80M 479.00M
Enterprise value $598.15M $83.59B

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
MetricHGTYMRSH
P/E 89.7x 22.5x
P/FCF 19.2x 21.8x
P/Operating cash flow 17.4x 20.2x
P/S 3.7x 3.2x
P/B 8.2x 6.1x
P/Tangible book 9.5x 8.7x
EV/EBITDA 58.1x 15.6x
EV/EBIT 95.2x 17.9x
EV/Revenue 3.7x 3.8x
EV/FCF 18.9x 26.3x
EV/Operating cash flow 17.1x 24.4x
PEG (3Y EPS CAGR) 7.13 3.35

Growth

14 metrics
MetricHGTYMRSH
Revenue growth (1Y) 5.2% 7.6%
Revenue CAGR (3Y) 17.1% 8.6%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – -1.0%
Operating income CAGR (3Y) – 7.8%
Net income growth (1Y) -31.3% -1.9%
Net income CAGR (3Y) 125.4% 5.5%
EPS growth (1Y) -20.6% 1.0%
EPS CAGR (3Y) 12.6% 6.7%
Operating cash flow growth (1Y) 101.6% -12.1%
Operating cash flow CAGR (3Y) 67.0% 4.0%
Free cash flow growth (1Y) 111.7% -13.9%
Free cash flow CAGR (3Y) 118.1% 5.1%

Profitability

14 metrics
MetricHGTYMRSH
Gross margin – –
EBITDA margin 6.3% 24.6%
Operating margin – 21.4%
Pretax margin 2.4% 18.9%
Net margin 1.2% 14.2%
FCF margin 19.4% 14.6%
Operating cash flow margin 21.4% 15.7%
Return on equity 10.8% 27.2%
Return on assets 3.4% 6.9%
Return on invested capital 6.4% 13.1%
Return on capital employed – 16.2%
Asset turnover 0.7x 0.5x
Cash conversion (OCF / net income) 4.4x 1.1x
Stock comp / revenue 1.3% 1.5%

Financial Health

11 metrics
MetricHGTYMRSH
Debt / assets 10.1% 34.3%
Debt / equity 0.3x 1.4x
Net debt / EBITDA -0.9x 2.7x
Debt / FCF 0.8x 4.9x
Liabilities / assets 69.8% 75.1%
Equity / assets 30.2% 24.9%
Interest coverage – 6.3x
Current ratio – 1.1x
Quick ratio – 0.5x
Cash ratio – 0.1x
Altman Z-score – 2.74

Shareholder Returns

7 metrics
MetricHGTYMRSH
Dividend yield – 2.0%
Net buyback yield – 3.2%
Shareholder yield – 5.2%
Payout ratio (earnings) – 43.6%
Payout ratio (FCF) – 43.3%
Dividend growth (1Y) – 8.4%
Dividend CAGR (3Y) – 13.1%

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.

ConsensusHGTYMRSH
Forward P/E 519.3xFY2026 18.7xFY2026
EPS, next fiscal year $0.03FY2026 $10.21FY2026
EPS growth, next FY -92.7%FY2026 +4.7%FY2026
EPS growth, the year after +1,900.0% +15.4%
Revenue, next fiscal year $1.42BFY2026 $30.28BFY2026
Revenue growth, next FY -3.1%FY2026 +12.2%FY2026
Revenue growth, the year after +10.5% +6.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHGTYMRSH
Held by institutions 26.9% 93.9%
Institutions holding 129 1,497
Change in shares held, QoQ +1.7% +2.8%
Institutions buying 67 625
Institutions selling 34 652
Buyers to sellers 1.97 0.96

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.

HGTYMRSH
HGTY 1.00 0.34
MRSH 0.34 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, HGTY and MRSH?

Marsh & Mclennan Companies (MRSH) is the largest by market capitalisation: Hagerty (HGTY) $1.56B, Marsh & Mclennan Companies (MRSH) $91.43B.

Which stock is cheaper, HGTY and MRSH?

Marsh & Mclennan Companies (MRSH) trades on the lowest price-to-earnings ratio (Hagerty (HGTY) 88.2x, Marsh & Mclennan Companies (MRSH) 22.6x). On next year's consensus earnings, Marsh & Mclennan Companies (MRSH) is cheapest (Hagerty (HGTY) 519.3x, Marsh & Mclennan Companies (MRSH) 18.7x). 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: Hagerty (HGTY) +5.2%, Marsh & Mclennan Companies (MRSH) +7.6%.

Which company is more profitable?

Marsh & Mclennan Companies (MRSH) has the highest net margin (Hagerty (HGTY) 1.2%, Marsh & Mclennan Companies (MRSH) 14.2%). On return on invested capital, Marsh & Mclennan Companies (MRSH) leads (Hagerty (HGTY) 6.4%, Marsh & Mclennan Companies (MRSH) 13.1%).

Which stock has performed better?

Over the past year Hagerty (HGTY) returned the most: Hagerty (HGTY) +39.4%, Marsh & Mclennan Companies (MRSH) +1.6%. Over five years, Hagerty (HGTY) compounded fastest (Hagerty (HGTY) +9.2%/yr, Marsh & Mclennan Companies (MRSH) +2.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Hagerty (HGTY) 0.00%, Marsh & Mclennan Companies (MRSH) 0.02%. Hagerty (HGTY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Marsh & Mclennan Companies (MRSH) has been the steadiest (Hagerty (HGTY) 34.2%, Marsh & Mclennan Companies (MRSH) 26.0%). Volatility measures how widely the price swings, not the risk of the business.

Do HGTY and MRSH move together?

Their daily returns over the past year have a correlation of 0.34, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, HGTY and MRSH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Marsh & Mclennan Companies (MRSH) leads on 7. 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.