Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026)

Marsh & Mclennan Companies (MRSH) reported FCF Margin of 9.87% for Q1 2026, down 28.0% on a YoY basis from 13.71% in Q1 2025, and down 131.67% quarter-over-quarter from 31.18% in Q4 2025.

Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026) Analysis & Trends

Marsh & Mclennan Companies has reported FCF Margin for 18 years, with the latest figure at 9.87% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin fell 28.0% year-over-year to 9.87%; the trailing twelve-month figure through Mar 2026 stood at 17.91% (up 123.0% YoY), and the FY2025 full-year result was 18.54%, up 224.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 9.87%, down from 31.18% in the prior quarter.
  • The five-year high for FCF Margin was 32.28% in Q3 2024, with the low at 15.24% in Q1 2023.
  • Historically, FCF Margin has averaged 15.61% across 5 years, with a median of 23.54% in 2023.
  • Annual changes were most pronounced in 2022 — FCF Margin tumbled 547 bps — and 2023, when it surged 526 bps.
  • Marsh & Mclennan Companies' FCF Margin stood at 27.86% in 2022, then grew by 7 bps to 29.94% in 2023, then rose by 3 bps to 30.99% in 2024, then climbed by 1 bps to 31.18% in 2025, then tumbled by 132 bps to 9.87% in 2026.
  • The last three FCF Margin figures came in at 9.87% (Q1 2026), 31.18% (Q4 2025), and 31.65% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn -9.87%
2 Aon 69.98 Bn 68.59 Bn - 7.21%
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 19.53%
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn -2.75%
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 12.68%
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 41.26%
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 19.58%
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn -21.65%
10 Baldwin Insurance 1.62 Bn 2.07 Bn - -3.54%

Historic Data

Download Data
DateValue
Mar 31, 2026 -9.87%
Dec 31, 2025 31.18%
Sep 30, 2025 31.65%
Jun 30, 2025 23.11%
Mar 31, 2025 -9.59%
Dec 31, 2024 30.99%
Sep 30, 2024 32.28%
Jun 30, 2024 18.24%
Mar 31, 2024 -13.41%
Dec 31, 2023 29.94%
Sep 30, 2023 31.57%
Jun 30, 2023 23.54%
Mar 31, 2023 -15.24%
Dec 31, 2022 27.86%
Sep 30, 2022 26.31%
Jun 30, 2022 21.66%
Mar 31, 2022 -14.85%
Dec 31, 2021 25.38%
Sep 30, 2021 26.34%
Jun 30, 2021 21.45%