MRSH Marsh Common Stock

NYSE · Insurance · 在 SEC EDGAR 上查看 ↗

$178.54

价格 · 七月 2, 2026

截至...的财报数据四月 16, 2026

MRSH 股票快照价格、市值、P/E、EPS、ROE、负债/权益、52周范围

价格

$178.54

市值

$89.98B

P/E (TTM)

22.0

每股收益 (TTM)

$8.43

营收 (TTM)

$26.98B

股息收益率

1.9%

ROE

28.1%

负债/权益

1.3

52周区间

$157 – $216

MRSH 股价图表包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图

10年表现收入、净利润、利润率和每股收益趋势

营收与净利润 $26.98B

2016-12-31 → 2025-12-31

EPS $8.43

2016-12-31 → 2025-12-31

自由现金流 $5.00B

2016-12-31 → 2025-12-31

利润率 15.4%

估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？

指标

5年趋势

MRSH

同行中位数

P/E (TTM)

22.0

21.3

P/S (TTM) (市销率 (TTM))

3.3

1.4

P/B (市净率)

5.9

1.0

EV / EBITDA (企业价值 / EBITDA)

16.2

—

Price / FCF (股价/自由现金流)

18.0

—

盈利能力毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)

指标

5年趋势

MRSH

同行中位数

Operating Margin (营业利润率)

23.1%

—

Net Profit Margin (净利润率)

15.4%

6.0%

ROA

7.2%

4.9%

ROE

28.1%

8.2%

ROIC

13.6%

—

财务健康债务、流动性、偿付能力 — 资产负债表强度

指标

5年趋势

MRSH

同行中位数

Debt / Equity (负债/股东权益比率)

1.3

—

Current Ratio (流动比率)

1.1

1.9

Quick Ratio (速动比率)

0.5

—

成长营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)

指标

5年趋势

MRSH

同行中位数

Revenue YoY (营收同比增长)

10.3%

—

Revenue CAGR 3Y (营收3年复合年增长率)

9.2%

—

Revenue CAGR 5Y (营收5年复合年增长率)

9.4%

—

EPS YoY

3.1%

—

Net Income YoY (净利润同比增长)

2.5%

—

每股指标每股收益 (EPS)、每股净资产、每股现金流、每股股息

指标

5年趋势

MRSH

同行中位数

EPS (Diluted) (EPS (稀释))

$8.43

—

资本效率资产周转率、库存周转率、应收账款周转率

指标

5年趋势

MRSH

同行中位数

Payout Ratio (派息率)

40.8%

—

股息收益率、派息率、股息历史、5年CAGR

股息收益率

1.9%

派息率

40.8%

5年股息复合年增长率 (CAGR)

—

除息日	金额
2026年4月9日	$0.9000
2026年1月29日	$0.9000
2025年10月2日	$0.9000
2025年7月24日	$0.9000
2025年4月3日	$0.8150
2025年1月30日	$0.8150
2024年10月4日	$0.8150
2024年7月25日	$0.8150
2024年4月3日	$0.7100
2024年1月24日	$0.7100
2023年10月5日	$0.7100
2023年7月26日	$0.7100
2023年4月4日	$0.5900
2023年1月25日	$0.5900
2022年10月6日	$0.5900
2022年7月27日	$0.5900
2022年4月5日	$0.5350
2022年1月26日	$0.5350
2021年10月7日	$0.5350
2021年7月28日	$0.5350

MRSH 分析师共识看涨和看跌分析师观点、12个月价格目标、上涨空间

买入 31 位分析师

强烈买入 4 12.9%
买入 9 29.0%
持有 17 54.8%
卖出 1 3.2%
强烈卖出 0 0.0%

12个月价格目标

21 位分析师 · 2026-07-04

中位数 $200.00

← 低于所有目标 $178.54

最低 $179.00

最高 $236.00

中位数目标 $200.00 +12.0%

平均目标 $199.52 +11.8%

收益历史每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期

平均惊喜

0.03%

下次报告

七月 16, 2026

期间	EPS Actual	EPS 预期	惊喜
2026年3月31日	$3.29	$3.29	-0.00%
2025年12月31日	$2.12	$2.01	0.11%
2025年9月30日	$1.85	$1.82	0.03%
2025年6月30日	$2.72	$2.71	0.01%
2025年3月31日	$3.06	$3.08	-0.02%

同行比较关键指标与行业同行对比

股票代码	市值	P/E	营收同比增长	净利润率	ROE	毛利率
MRSH	$89.98B	22.0	10.3%	15.4%	28.1%	—
AJG	$66.51B	45.1	20.7%	10.7%	6.9%	—
BRO	$26.78B	25.2	22.8%	17.9%	8.7%	—
RYAN	—	—	21.3%	2.1%	9.9%	—
HGTY	—	—	17.3%	10.2%	80.3%	—
BWIN	—	-48.1	8.3%	-2.2%	-5.7%	—
GSHD	—	70.8	16.2%	7.6%	-107.8%	—
TWFG	—	54.3	22.0%	—	—	—
LIFE	—	—	52.0%	18.4%	-108.4%	—
ABX	$833M	23.8	110.2%	15.5%	8.8%	87.7%

完整基本面所有年度指标 — 损益表、资产负债表、现金流量表

损益表 13

MRSH 的年度损益表数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$26.98B	$24.46B	$22.74B	$20.72B	$19.82B	$17.22B	$16.65B	$14.95B	$14.02B	$13.21B
Operating Expenses	$20.76B	$18.64B	$17.45B	$16.44B	$15.51B	$14.16B	$13.97B	$12.19B	$11.37B	$10.78B
Operating Income	$6.22B	$5.82B	$5.28B	$4.28B	$4.31B	$3.07B	$2.68B	$2.76B	$2.65B	$2.43B
Interest Expense	·	·	$578M	$469M	$444M	$515M	$524M	$290M	$237M	$189M
Interest Income	$48M	$83M	$78M	$15M	$2M	$7M	$39M	$11M	$9M	$5M
Pretax Income	$5.54B	$5.48B	$5.03B	$4.08B	$4.21B	$2.79B	$2.44B	$2.24B	$2.64B	$2.48B
Income Tax	$1.30B	$1.36B	$1.22B	$995M	$1.03B	$747M	$666M	$574M	$1.13B	$685M
Net Income	$4.16B	$4.06B	$3.76B	$3.05B	$3.14B	$2.02B	$1.74B	$1.65B	$1.49B	$1.77B
EPS (Basic)	$8.48	$8.26	$7.60	$6.11	$6.20	$3.98	$3.44	$3.26	$2.91	$3.41
EPS (Diluted)	$8.43	$8.18	$7.53	$6.04	$6.13	$3.94	$3.41	$3.23	$2.87	$3.38
Shares (Basic)	491,000,000	492,000,000	494,000,000	499,000,000	507,000,000	506,000,000	506,000,000	506,000,000	513,000,000	519,000,000
Shares (Diluted)	494,000,000	496,000,000	499,000,000	505,000,000	513,000,000	512,000,000	511,000,000	511,000,000	519,000,000	524,000,000
EBITDA	$6.58B	$6.19B	$6.00B	$5.00B	$5.06B	$3.81B	$3.32B	$3.25B	$3.34B	$3.10B

资产负债表 25

MRSH 的年度资产负债表数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Equivalents	$2.69B	$2.40B	$3.36B	$1.44B	$1.75B	$2.09B	$1.16B	$1.07B	$1.21B	$1.03B
Receivables	$7.67B	$7.16B	$6.42B	$5.85B	$5.59B	$5.33B	$5.24B	$4.32B	$4.13B	$3.64B
Other Current Assets	$1.37B	$1.29B	$1.18B	$1.00B	$926M	$740M	$677M	$551M	$224M	$215M
Current Assets	$23.20B	$22.12B	$21.75B	$18.96B	$8.26B	$8.15B	$7.07B	$5.93B	$5.56B	$4.88B
PP&E (Net)	$829M	$859M	$882M	$871M	$847M	$856M	$858M	$701M	$712M	$725M
PP&E (Gross)	$2.50B	$2.40B	$2.44B	$2.40B	$2.44B	$3.02B	$2.86B	$2.54B	$2.54B	$2.41B
Accum. Depreciation	$1.67B	$1.54B	$1.56B	$1.53B	$1.59B	$2.16B	$2.00B	$1.84B	$1.83B	$1.68B
Goodwill	$24.34B	$23.31B	$17.23B	$16.25B	$16.32B	$15.52B	$14.67B	$9.60B	$9.09B	$8.37B
Intangibles	$4.75B	$4.82B	$2.63B	$2.54B	$2.81B	$2.70B	$2.77B	$1.44B	$1.27B	$1.13B
Other Non-current Assets	$1.79B	$1.73B	$1.59B	$1.45B	$1.46B	$1.46B	$1.76B	$1.54B	$1.43B	$1.21B
Total Assets	$58.71B	$56.48B	$48.03B	$44.11B	$44.01B	$33.05B	$31.36B	$21.58B	$20.43B	$18.19B
Accounts Payable	$3.65B	$3.40B	$3.40B	$3.28B	$3.17B	$3.05B	$2.75B	$2.23B	$2.08B	$1.97B
Short-term Debt	$0	$0	$0	$0	$17M	$517M	$1.22B	$314M	$0	$50M
Current Liabilities	$21.06B	$19.52B	$19.80B	$17.83B	$6.65B	$6.56B	$6.68B	$4.92B	$4.26B	$4.08B
Capital Leases	$1.53B	$1.59B	$1.66B	$1.67B	$1.88B	$1.92B	$1.93B	$0	·	·
Other Non-current Liabilities	$1.41B	$1.26B	$1.27B	$1.36B	$1.71B	$1.49B	$1.40B	$1.36B	$1.31B	$957M
Long-term Debt	$19.59B	$19.95B	$13.46B	$11.49B	$10.95B	$11.31B	$11.96B	$5.82B	·	·
Total Debt	$19.59B	$19.95B	$13.46B	$11.76B	$10.97B	$11.83B	$13.17B	$314M	$262M	$312M
Common Stock	$561M	$561M	$561M	$561M	$561M	$561M	$561M	$561M	$561M	$561M
Retained Earnings	$27.77B	$25.31B	$22.76B	$20.30B	$18.39B	$16.27B	$15.20B	$14.35B	$13.14B	$12.39B
Treasury Stock	$9.35B	$7.66B	$7.08B	$6.21B	$4.48B	$3.56B	$3.77B	$3.57B	$3.08B	$2.51B
AOCI	$-5.43B	$-6.24B	$-5.29B	$-5.31B	$-4.58B	$-5.11B	$-5.05B	$-4.65B	$-4.04B	$-5.09B
Stockholders' Equity	$15.31B	$13.54B	$12.37B	$10.75B	$11.22B	$9.26B	$7.94B	$7.58B	$7.44B	$6.27B
Liabilities + Equity	$58.71B	$56.48B	$48.03B	$44.11B	$34.39B	$33.05B	$31.36B	$21.58B	$20.43B	$18.19B
Shares Outstanding	485,000,000	491,000,000	492,000,000	495,000,000	504,000,000	508,000,000	504,000,000	504,000,000	509,000,000	514,000,000

现金流 18

MRSH 的年度现金流数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
D&A	$361M	$369M	$370M	$381M	$747M	$741M	$647M	$494M	$481M	$438M
Stock-based Comp	$394M	$368M	$363M	$367M	$348M	$290M	$252M	$193M	$149M	$109M
Deferred Tax	$123M	$157M	$-29M	$-43M	$-63M	$40M	$84M	$-39M	$396M	$68M
Amort. of Intangibles	$549M	$377M	$343M	$338M	$365M	$351M	$314M	$183M	$169M	$130M
Restructuring	$222M	$276M	$301M	$427M	$70M	$89M	$112M	$161M	$40M	$44M
Other Non-cash	$254M	$-652M	$-545M	$-628M	$-659M	$295M	$-364M	$130M	$-625M	$-376M
Operating Cash Flow	$5.29B	$4.30B	$4.26B	$3.46B	$3.52B	$3.38B	$2.36B	$2.43B	$1.89B	$2.01B
CapEx	$291M	$316M	$416M	$470M	$406M	$348M	$421M	$314M	$302M	$253M
Investing Cash Flow	$-845M	$-8.82B	$-1.42B	$-850M	$-1.16B	$-793M	$-4.39B	$-1.09B	$-956M	$-1.06B
Net Debt Issued	$-519M	$-1.62B	$-266M	$-365M	$-1.02B	$-2.52B	$-1.06B	$-263M	$-315M	$-12M
Stock Repurchased	$2.01B	$900M	$1.15B	$1.95B	$1.16B	$0	$485M	$675M	$900M	$800M
Net Stock Activity	$-2.01B	$-900M	$-1.15B	$-1.95B	$-1.16B	$0	$-485M	$-675M	$-900M	$-800M
Dividends Paid	$1.70B	$1.51B	$1.30B	$1.14B	$1.03B	$943M	$890M	$807M	$740M	$682M
Financing Cash Flow	$-4.63B	$4.46B	$-1.12B	$-1.05B	$-1.30B	$-925M	$4.33B	$-1.31B	$-1.01B	$-1.07B
Net Change in Cash	$486M	$-478M	$2.05B	$728M	$700M	$2.17B	$2.43B	$-139M	$179M	$-348M
Taxes Paid	$1.29B	$1.20B	$1.10B	$1.05B	$1.07B	$673M	$661M	$632M	$583M	$642M
Free Cash Flow	$5.00B	$3.99B	$3.84B	$3.00B	$3.11B	$3.03B	$1.94B	$2.11B	$1.59B	$1.75B
Levered FCF	·	·	$3.40B	$2.64B	$2.78B	$2.66B	$1.56B	$1.90B	$1.46B	$1.62B

盈利能力 7

MRSH 的年度盈利能力数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Operating Margin	23.1%	23.8%	23.2%	20.7%	21.8%	17.8%	16.1%	18.5%	·	·
Net Margin	15.4%	16.6%	16.5%	14.7%	15.9%	11.7%	10.5%	11.0%	·	·
Pretax Margin	20.5%	22.4%	22.1%	19.7%	21.2%	16.2%	14.6%	15.0%	·	·
EBITDA Margin	24.4%	25.3%	26.4%	24.1%	25.5%	22.1%	20.0%	21.8%	·	·
ROA	7.2%	7.8%	8.2%	7.9%	9.3%	6.3%	6.6%	7.9%	7.7%	9.7%
ROE	28.1%	29.6%	31.4%	29.7%	29.8%	22.4%	22.1%	21.8%	20.5%	27.2%
ROIC	13.6%	13.1%	15.5%	14.4%	14.7%	10.7%	9.2%	26.0%	21.2%	29.3%

流动性与偿付能力 5

MRSH 的年度流动性与偿付能力数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Current Ratio	1.1	1.1	1.1	1.2	1.2	1.2	1.1	1.2	1.3	1.2
Quick Ratio	0.5	0.5	0.5	1.0	1.1	1.1	1.0	1.1	1.3	1.1
Debt / Equity	1.3	1.5	1.1	1.1	1.0	1.3	1.7	0.0	0.0	0.0
LT Debt / Equity	1.2	1.4	1.0	1.0	1.0	1.2	1.4	·	·	·
Interest Coverage	·	·	9.1	9.1	9.7	6.0	5.1	9.5	12.1	14.1

效率 2

MRSH 的年度效率数据
指标	趋势	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Asset Turnover		0.5	0.5	0.5	0.5	0.6	0.5	0.6	0.7	·	·
Receivables Turnover		3.6	3.6	3.7	3.6	3.6	3.3	3.5	3.5	·	·

每股 6

MRSH 的年度每股数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Book Value / Share	$31.58	$27.57	$25.14	$21.72	$22.27	$18.23	$15.76	$15.05	$14.62	$12.20
Revenue / Share	$54.62	$49.31	$45.56	$41.03	$38.64	$33.64	$32.59	$29.26	·	·
Cash Flow / Share	$10.71	$8.67	$8.53	$6.86	$6.85	$6.61	$4.62	$4.75	$3.65	$3.83
Cash / Share	$5.54	$4.88	$6.83	$2.91	$3.48	$4.11	$2.29	$2.12	$2.37	$2.00
Dividend / Share	$3	$3	$3	$2	·	·	·	·	·	·
EPS (TTM)	$8.43	$8.18	$7.53	$6.04	$6.13	$3.94	$3.41	$3.23	$2.87	$3.38

增长率 10

MRSH 的年度增长率数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue YoY	10.3%	7.6%	9.7%	4.5%	15.1%	·	·	·	·	·
Revenue CAGR 3Y	9.2%	7.3%	9.7%	·	·	·	·	·	·	·
Revenue CAGR 5Y	9.4%	·	·	·	·	·	·	·	·	·
EPS YoY	3.1%	8.6%	24.7%	-1.5%	55.6%	·	·	·	·	·
EPS CAGR 3Y	11.8%	10.1%	24.1%	·	·	·	·	·	·	·
EPS CAGR 5Y	16.4%	·	·	·	·	·	·	·	·	·
Net Income YoY	2.5%	8.1%	23.2%	-3.0%	55.9%	·	·	·	·	·
Net Income CAGR 3Y	10.9%	8.9%	23.1%	·	·	·	·	·	·	·
Net Income CAGR 5Y	15.6%	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	12.5%	·	·	·	·	·	·	·	·	·

估值 (TTM) 16

MRSH 的年度估值 (TTM)数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue TTM	$26.98B	$24.46B	$22.74B	$20.72B	$19.82B	$17.22B	$16.65B	$14.95B	$14.02B	$13.21B
Net Income TTM	$4.16B	$4.06B	$3.76B	$3.05B	$3.14B	$2.02B	$1.74B	$1.65B	$1.49B	$1.77B
Market Cap	$89.98B	$104.29B	$93.22B	$81.91B	$87.61B	$59.44B	$56.15B	$40.19B	$41.43B	$34.74B
Enterprise Value	$106.88B	$121.84B	$103.32B	$92.23B	$96.82B	$69.18B	$68.17B	$39.44B	$40.48B	$34.03B
P/E	22.0	26.0	25.2	27.4	28.4	29.7	32.7	24.7	28.4	20.0
P/S	3.3	4.3	4.1	4.0	4.4	3.5	3.4	2.7	3.0	2.6
P/B	5.9	7.7	7.5	7.6	7.8	6.4	7.1	5.3	5.6	5.5
P / Cash Flow	17.0	24.2	21.9	23.6	24.9	17.6	23.8	16.6	21.9	17.3
P / FCF	18.0	26.2	24.3	27.3	28.2	19.6	28.9	19.0	26.0	19.8
EV / EBITDA	16.2	19.7	17.2	18.5	19.1	18.2	20.5	12.1	12.1	11.0
EV / FCF	21.4	30.6	26.9	30.8	31.1	22.8	35.1	18.7	25.4	19.4
EV / Revenue	4.0	5.0	4.5	4.5	4.9	4.0	4.1	2.6	2.9	2.6
Dividend Yield	1.9%	1.5%	1.4%	1.4%	1.2%	1.6%	1.6%	2.0%	1.8%	2.0%
Earnings Yield	4.5%	3.9%	4.0%	3.6%	3.5%	3.4%	3.1%	4.0%	3.5%	5.0%
Payout Ratio	40.8%	37.3%	34.6%	37.3%	32.6%	46.8%	51.1%	48.9%	49.6%	38.6%
Annual Payout	$1.70B	$1.51B	$1.30B	$1.14B	$1.03B	$943M	$890M	$807M	$740M	$682M

损益表 13

MRSH 的季度损益表数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$7.60B	$6.59B	$6.35B	$6.97B	$7.06B	$6.07B	$5.70B	$6.22B	$6.47B	$5.55B	$5.38B	$5.88B	$5.92B	$5.02B	$4.77B	$5.38B
Operating Expenses	$5.84B	$5.38B	$5.18B	$5.14B	$5.06B	$4.92B	$4.59B	$4.58B	$4.55B	$4.45B	$4.39B	$4.42B	$4.20B	$4.34B	$3.98B	$4.01B
Operating Income	$1.75B	$1.22B	$1.17B	$1.83B	$2.00B	$1.14B	$1.11B	$1.64B	$1.93B	$1.10B	$996M	$1.46B	$1.73B	$680M	$791M	$1.36B
Interest Expense	·	·	·	·	·	·	·	·	$159M	·	$145M	$146M	$136M	·	$118M	$114M
Interest Income	$11M	$14M	$10M	$5M	$19M	$22M	$12M	$12M	$37M	$38M	$16M	$10M	$14M	$9M	$4M	$1M
Pretax Income	$1.58B	$1.06B	$1.01B	$1.65B	$1.83B	$1.01B	$1.03B	$1.56B	$1.87B	$1.05B	$930M	$1.38B	$1.66B	$613M	$733M	$1.31B
Income Tax	$395M	$222M	$253M	$415M	$415M	$208M	$283M	$425M	$447M	$283M	$192M	$337M	$412M	$142M	$181M	$334M
Net Income	$1.15B	$821M	$747M	$1.21B	$1.38B	$788M	$747M	$1.12B	$1.40B	$756M	$730M	$1.03B	$1.24B	$466M	$546M	$967M
EPS (Basic)	$2.37	$1.69	$1.52	$2.46	$2.81	$1.62	$1.52	$2.28	$2.84	$1.53	$1.48	$2.09	$2.50	$0.95	$1.10	$1.93
EPS (Diluted)	$2.36	$1.68	$1.51	$2.45	$2.79	$1.58	$1.51	$2.27	$2.82	$1.52	$1.47	$2.07	$2.47	$0.95	$1.08	$1.91
Shares (Basic)	484,000,000	-984,000,000	491,000,000	492,000,000	492,000,000	-984,000,000	492,000,000	492,000,000	492,000,000	-990,000,000	494,000,000	495,000,000	495,000,000	-1,003,000,000	498,000,000	501,000,000
Shares (Diluted)	486,000,000	-990,000,000	494,000,000	495,000,000	495,000,000	-993,000,000	496,000,000	496,000,000	497,000,000	-999,000,000	499,000,000	499,000,000	500,000,000	-1,013,000,000	503,000,000	506,000,000
EBITDA	$1.84B	·	$1.26B	$1.92B	$2.09B	·	$1.11B	$1.64B	$1.93B	·	$996M	$1.46B	$1.73B	·	$791M	$1.36B

资产负债表 25

MRSH 的季度资产负债表数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$1.61B	$2.69B	$2.51B	$1.68B	$1.60B	$2.40B	$1.80B	$1.65B	$1.45B	$3.36B	$2.90B	$1.17B	$1.01B	$1.44B	$802M	$909M
Receivables	$8.43B	$7.67B	$7.91B	$8.46B	$7.87B	$7.16B	$7.42B	$7.74B	$7.22B	·	$6.52B	$6.99B	$6.70B	·	$5.82B	$6.29B
Other Current Assets	$1.45B	$1.37B	$1.28B	$1.33B	$1.41B	$1.29B	$1.14B	$1.13B	$1.17B	·	$1.03B	$1.08B	$1.41B	·	$953M	$974M
Current Assets	$23.24B	$23.20B	$23.70B	$23.33B	$22.46B	$22.12B	$22.29B	$22.02B	$21.30B	·	$22.28B	$20.80B	$9.11B	·	$7.57B	$8.17B
PP&E (Net)	$814M	$829M	$820M	$839M	$840M	$859M	$884M	$879M	$877M	$882M	$859M	$870M	$867M	$871M	$865M	$863M
PP&E (Gross)	·	$2.50B	·	·	·	$2.40B	·	·	·	·	·	·	·	·	·	·
Accum. Depreciation	$1.70B	$1.67B	$1.67B	$1.65B	$1.59B	$1.54B	$1.64B	$1.57B	$1.58B	·	$1.62B	$1.61B	$1.58B	·	$1.65B	$1.67B
Goodwill	$24.27B	$24.34B	$23.95B	$23.92B	$23.54B	$23.31B	$18.23B	$17.52B	$17.31B	$17.23B	$16.66B	$16.62B	$16.30B	$16.25B	$15.58B	$15.96B
Intangibles	$4.61B	$4.75B	$4.67B	$4.77B	$4.74B	$4.82B	$2.72B	$2.64B	$2.63B	·	$2.50B	$2.51B	$2.45B	·	$2.40B	$2.54B
Other Non-current Assets	$1.80B	$1.79B	$1.75B	$1.74B	$1.69B	$1.73B	$1.63B	$1.60B	$1.57B	·	$1.53B	$1.50B	$1.47B	·	$1.38B	$1.47B
Total Assets	$58.55B	$58.71B	$58.78B	$58.55B	$57.02B	$56.48B	$49.86B	$48.59B	$47.57B	·	$48.00B	$46.57B	$34.36B	·	$32.02B	$33.44B
Accounts Payable	$4.18B	$3.65B	$3.35B	$3.43B	$3.45B	$3.40B	$3.10B	$3.21B	$3.38B	·	$3.14B	$3.14B	$3.41B	·	$2.90B	$3.03B
Short-term Debt	$1.05B	$0	$0	$150M	$1.05B	$0	$0	$749M	$50M	·	$0	$308M	$594M	·	$600M	$944M
Current Liabilities	$20.91B	$21.06B	$21.10B	$19.40B	$19.77B	$19.52B	$19.60B	$18.86B	$18.66B	·	$20.61B	$19.81B	$7.91B	·	$7.29B	$7.02B
Capital Leases	$1.52B	$1.53B	$1.51B	$1.55B	$1.56B	$1.59B	$1.62B	$1.59B	$1.60B	·	$1.64B	$1.70B	$1.72B	·	$1.62B	$1.75B
Other Non-current Liabilities	$1.38B	$1.41B	$1.42B	$1.58B	$1.41B	$1.26B	$1.40B	$1.26B	$1.32B	·	$1.23B	$1.44B	$1.43B	·	$1.28B	$1.52B
Long-term Debt	$19.55B	$19.59B	$19.58B	$19.58B	$19.48B	$19.95B	$12.85B	$12.80B	$13.42B	·	$13.65B	$12.11B	$12.11B	·	$10.77B	$10.85B
Total Debt	$20.60B	·	$19.58B	$19.73B	$20.53B	·	$12.85B	$13.54B	$13.47B	·	$13.65B	$12.42B	$12.70B	·	$11.37B	$11.80B
Common Stock	$561M	$561M	$561M	$561M	$561M	$561M	$561M	$561M	$561M	·	$561M	$561M	$561M	·	$561M	$561M
Retained Earnings	$28.04B	$27.77B	$26.95B	$27.09B	$25.88B	$25.31B	$24.52B	$24.58B	$23.46B	·	$22.01B	$21.98B	$20.95B	·	$19.84B	$19.88B
Treasury Stock	$9.94B	$9.35B	$8.37B	$8.00B	$7.73B	$7.66B	$7.69B	$7.44B	$7.20B	·	$6.85B	$6.60B	$6.39B	·	$5.90B	$5.43B
AOCI	$-5.56B	$-5.43B	$-5.44B	$-5.24B	$-5.90B	$-6.24B	$-4.99B	$-5.53B	$-5.51B	·	$-5.46B	$-5.05B	$-5.23B	·	$-6.05B	$-5.36B
Stockholders' Equity	$14.81B	$15.31B	$15.36B	$15.98B	$14.27B	$13.54B	$13.88B	$13.56B	$12.62B	$12.37B	$11.59B	$12.14B	$11.20B	$10.75B	$9.79B	$10.92B
Liabilities + Equity	$58.55B	$58.71B	$58.78B	$58.55B	$57.02B	$56.48B	$49.86B	$48.59B	$47.57B	·	$48.00B	$46.57B	$34.36B	·	$32.02B	$33.44B
Shares Outstanding	482,000,000	485,000,000	490,000,000	492,000,000	493,000,000	491,000,000	491,000,000	492,000,000	493,000,000	492,000,000	493,000,000	494,000,000	495,000,000	495,000,000	497,000,000	499,000,000

现金流 17

MRSH 的季度现金流数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$89M	$91M	$91M	$91M	$88M	$93M	$90M	$87M	$99M	·	·	·	·	·	·	·
Stock-based Comp	$139M	$89M	$95M	$98M	$112M	$85M	$90M	$90M	$103M	$90M	$82M	$92M	$99M	$84M	$89M	$89M
Amort. of Intangibles	$138M	$137M	$133M	$140M	$139M	$108M	$90M	$89M	$90M	$86M	$85M	$87M	$85M	$80M	$84M	$83M
Restructuring	$45M	$126M	$46M	$18M	$32M	$136M	$54M	$44M	$42M	·	$52M	$65M	$53M	·	$38M	$28M
Other Non-cash	$-2.06B	·	·	·	$-2.20B	·	·	·	·	·	·	·	·	·	·	·
Operating Cash Flow	$-688M	$2.16B	$2.08B	$1.67B	$-622M	$1.96B	$1.91B	$1.22B	$-781M	$1.78B	$1.81B	$1.48B	$-819M	$1.50B	$1.38B	$1.28B
CapEx	$62M	$105M	$72M	$59M	$55M	$76M	$73M	$80M	$87M	$120M	$111M	$101M	$84M	$103M	$128M	$117M
Investing Cash Flow	$-104M	$-523M	$-227M	$-121M	$26M	$-7.64B	$-393M	$-415M	$-368M	$-474M	$-442M	$-133M	$-368M	$-487M	$-105M	$-99M
Net Debt Issued	$-605M	·	·	·	$-505M	·	·	·	$-1.00B	·	·	·	$-4M	·	·	·
Stock Repurchased	$755M	$1.01B	$402M	$300M	$300M	$0	$300M	$300M	$300M	$250M	$300M	$300M	$300M	$350M	$500M	$600M
Net Stock Activity	$-755M	·	·	·	$-300M	·	·	·	$-300M	·	·	·	$-300M	·	·	·
Dividends Paid	$440M	$444M	$445M	$405M	$405M	$403M	$404M	$352M	$354M	$354M	$353M	$295M	$296M	$298M	$293M	$275M
Financing Cash Flow	$114M	$-2.05B	$-753M	$-1.70B	$-138M	$6.28B	$-1.44B	$-519M	$135M	$-2.33B	$988M	$-546M	$773M	$-1.07B	$-470M	$-357M
Net Change in Cash	$-805M	$-352M	$964M	$365M	$-491M	$-47M	$571M	$240M	$-1.24B	$-577M	$1.99B	$895M	$-262M	$692M	$-29M	$207M
Taxes Paid	$238M	$406M	$246M	$403M	$237M	$278M	$264M	$419M	$239M	$401M	$195M	$281M	$223M	$352M	$260M	$236M
Free Cash Flow	$-750M	·	·	·	$-677M	·	·	·	$-868M	·	·	·	$-903M	·	·	·
Levered FCF	·	·	·	·	·	·	·	·	$-989M	·	·	·	$-1.01B	·	·	·

盈利能力 7

MRSH 的季度盈利能力数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	23.1%	·	18.4%	26.2%	28.4%	·	19.4%	26.4%	29.7%	·	18.5%	24.8%	29.1%	·	16.6%	25.4%
Net Margin	15.1%	·	11.8%	17.4%	19.6%	·	13.1%	18.1%	21.6%	·	13.6%	17.6%	20.8%	·	11.5%	18.0%
Pretax Margin	20.8%	·	15.9%	23.6%	25.9%	·	18.2%	25.2%	28.9%	·	17.3%	23.5%	28.1%	·	15.4%	24.4%
EBITDA Margin	24.3%	·	19.9%	27.5%	29.6%	·	19.4%	26.4%	29.7%	·	18.5%	24.8%	29.1%	·	16.6%	25.4%
ROA	2.0%	·	1.4%	2.3%	2.6%	·	1.5%	2.4%	3.4%	·	1.8%	2.6%	3.6%	·	1.7%	2.9%
ROE	7.9%	·	5.1%	8.2%	10.3%	·	5.9%	8.8%	11.8%	·	6.8%	9.0%	11.1%	·	5.5%	9.1%
ROIC	3.7%	·	2.5%	3.8%	4.5%	·	3.0%	4.4%	5.6%	·	3.1%	4.5%	5.4%	·	2.8%	4.5%

流动性与偿付能力 5

MRSH 的季度流动性与偿付能力数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.1	·	1.1	1.2	1.1	·	1.1	1.2	1.1	·	1.1	1.0	1.2	·	1.0	1.2
Quick Ratio	0.5	·	0.5	0.5	0.5	·	0.5	0.5	0.5	·	0.5	0.4	1.0	·	0.9	1.0
Debt / Equity	1.4	·	1.3	1.2	1.4	·	0.9	1.0	1.1	·	1.2	1.0	1.1	·	1.2	1.1
LT Debt / Equity	1.3	·	1.2	1.2	1.3	·	0.9	0.9	1.0	·	1.0	0.8	1.0	·	1.1	1.0
Interest Coverage	·	·	·	·	·	·	·	·	12.1	·	6.9	10.0	12.7	·	6.7	12.0

效率 2

MRSH 的季度效率数据
指标	趋势	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.2	·	0.1	0.1	0.2	·	0.1	0.2
Receivables Turnover		0.9	·	0.8	0.9	0.9	·	0.8	0.8	0.9	·	0.9	0.9	0.9	·	0.8	0.9

每股 6

MRSH 的季度每股数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$30.72	·	$31.34	$32.47	$28.94	·	$28.27	$27.57	$25.60	·	$23.50	$24.57	$22.62	·	$19.70	$21.88
Revenue / Share	$15.63	·	$12.86	$14.09	$14.26	·	$11.49	$12.54	$13.02	·	$10.79	$11.78	$11.85	·	$9.48	$10.63
Cash Flow / Share	$-1.42	·	·	·	$-1.26	·	·	·	$-1.57	·	·	·	$-1.64	·	·	·
Cash / Share	$3.34	·	$5.12	$3.41	$3.25	·	$3.66	$3.36	$2.95	·	$5.88	$2.37	$2.03	·	$1.61	$1.82
Dividend / Share	$2	$0	$2	$0	$2	$0	$2	$0	$1	·	·	·	·	·	·	·
EPS (TTM)	$9.11	·	$8.26	$9.02	$9.39	·	$8.07	$8.63	$8.83	·	$7.09	$7.53	$7.56	·	$6.14	$6.66

估值 (TTM) 14

MRSH 的季度估值 (TTM)数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$27.98B	·	$26.08B	$25.95B	$25.45B	·	$23.77B	$23.95B	$23.66B	·	$21.95B	$21.95B	$21.62B	·	$20.28B	$20.53B
Net Income TTM	$4.49B	·	$4.09B	$4.46B	$4.65B	·	$4.00B	$4.29B	$4.40B	·	$3.55B	$3.78B	$3.82B	·	$3.12B	$3.40B
Market Cap	$83.60B	·	$98.75B	$107.57B	$120.31B	·	$109.54B	$103.67B	$101.55B	·	$93.82B	$92.91B	$82.44B	·	$74.20B	$77.47B
Enterprise Value	$102.59B	·	$115.82B	$125.62B	$139.23B	·	$120.59B	$115.57B	$113.57B	·	$104.57B	$104.16B	$94.14B	·	$84.76B	$88.36B
P/E	19.0	·	24.4	24.2	26.0	·	27.6	24.4	23.3	·	26.8	25.0	22.0	·	24.3	23.3
P/S	3.0	·	3.8	4.1	4.7	·	4.6	4.3	4.3	·	4.3	4.2	3.8	·	3.7	3.8
P/B	5.6	·	6.4	6.7	8.4	·	7.9	7.6	8.0	·	8.1	7.7	7.4	·	7.6	7.1
P / Cash Flow	-121.5	·	·	·	-193.4	·	·	·	-130.0	·	·	·	-100.7	·	·	·
P / FCF	-111.5	·	·	·	-177.7	·	·	·	-117.0	·	·	·	-91.3	·	·	·
EV / EBITDA	55.7	·	91.8	65.4	66.5	·	108.8	70.4	59.0	·	105.0	71.5	54.5	·	107.2	64.8
EV / FCF	-136.8	·	·	·	-205.7	·	·	·	-130.8	·	·	·	-104.3	·	·	·
EV / Revenue	3.7	·	4.4	4.8	5.5	·	5.1	4.8	4.8	·	4.8	4.7	4.4	·	4.2	4.3
Earnings Yield	5.2%	·	4.1%	4.1%	3.9%	·	3.6%	4.1%	4.3%	·	3.7%	4.0%	4.5%	·	4.1%	4.3%
Payout Ratio	38.4%	·	·	·	29.3%	·	·	·	25.3%	·	·	·	24.0%	·	·	·

财务报表损益表、资产负债表、现金流量表 — 年度，近5年

损益表

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
收入	$26.98B	$24.46B	$22.74B	$20.72B	$19.82B
营业利润率 %	23.1%	23.8%	23.2%	20.7%	21.8%
净收入	$4.16B	$4.06B	$3.76B	$3.05B	$3.14B
稀释后每股收益 (EPS)	$8.43	$8.18	$7.53	$6.04	$6.13

资产负债表

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
负债/股东权益比率	1.3	1.5	1.1	1.1	1.0
流动比率	1.1	1.1	1.1	1.2	1.2
速动比率	0.5	0.5	0.5	1.0	1.1

现金流

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
自由现金流	$5.00B	$3.99B	$3.84B	$3.00B	$3.11B

我的指标您的个人关注列表 — 来自完整基本面的选定行

📊

选择对您重要的指标 — 点击上方完整基本面中任意行的 ➕。

您的选择已保存，并会跟随您浏览所有股票。

MRSH 股票快照 价格、市值、P/E、EPS、ROE、负债/权益、52周范围

MRSH 股价图表 包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图

移动平均线和叠加层

成交量

振荡器

动量和趋势

10年表现 收入、净利润、利润率和每股收益趋势

估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？

盈利能力 毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)

财务健康 债务、流动性、偿付能力 — 资产负债表强度

成长 营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)

每股指标 每股收益 (EPS)、每股净资产、每股现金流、每股股息

资本效率 资产周转率、库存周转率、应收账款周转率

股息 收益率、派息率、股息历史、5年CAGR

MRSH 分析师共识 看涨和看跌分析师观点、12个月价格目标、上涨空间

12个月价格目标

收益历史 每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期

同行比较 关键指标与行业同行对比

完整基本面 所有年度指标 — 损益表、资产负债表、现金流量表

财务报表 损益表、资产负债表、现金流量表 — 年度，近5年

我的指标 您的个人关注列表 — 来自完整基本面的选定行

MRSH 股票快照价格、市值、P/E、EPS、ROE、负债/权益、52周范围

MRSH 股价图表包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图

10年表现收入、净利润、利润率和每股收益趋势

盈利能力毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)

财务健康债务、流动性、偿付能力 — 资产负债表强度

成长营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)

每股指标每股收益 (EPS)、每股净资产、每股现金流、每股股息

资本效率资产周转率、库存周转率、应收账款周转率

股息收益率、派息率、股息历史、5年CAGR

MRSH 分析师共识看涨和看跌分析师观点、12个月价格目标、上涨空间

收益历史每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期

同行比较关键指标与行业同行对比

完整基本面所有年度指标 — 损益表、资产负债表、现金流量表

财务报表损益表、资产负债表、现金流量表 — 年度，近5年

我的指标您的个人关注列表 — 来自完整基本面的选定行