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| Date | Value |
|---|---|
| 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% |