Marsh & Mclennan Companies, Inc. - Understand $mmc stock

$MMC Market Cap: $112.8 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$23.95B

TTM

Gross Margin

Net Earnings

$4.028B

TTM

Current Assets

$22.29B

Q3 2024

Current Liabilities

$19.60B

Q3 2024

Current Ratio

113.68%

Q3 2024

Total Assets

$49.86B

Q3 2024

Total Liabilities

$33.33B

Q3 2024

Book Value

$16.53B

Q3 2024

Cash

$1.798B

Q3 2024

P/E

28.01

Nov 29, 2024 EST

Free Cash Flow

$3.770B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$22.74B	$20.72B	$19.82B	$17.22B	$16.65B	$14.95B	$14.02B	$13.21B	$12.89B	$12.95B	$12.26B	$11.92B	$11.53B	$10.55B	$9.831B	$10.73B	$11.14B	$10.55B	$10.08B	$11.73B	$11.20B	$10.39B	$9.869B	$10.31B	$9.157B	$7.190B	$6.009B	$4.404B	$3.937B	$3.435B	$3.163B	$2.937B	$2.779B	$2.723B	$2.428B	$2.272B	$2.147B	$1.804B	$1.368B	$1.112B	$972.0M
YoY Change	9.73%	4.54%	15.07%	3.44%	11.38%	6.6%	6.15%	2.47%	-0.45%	5.63%	2.83%	3.45%	9.25%	7.31%	-8.38%	-3.64%	5.58%	4.61%	-14.03%	4.71%	7.82%	5.26%	-4.26%	12.57%	27.36%	19.65%	36.44%	11.86%	14.61%	8.6%	7.69%	5.69%	2.06%	12.15%	6.87%	5.82%	19.01%	31.87%	23.02%	14.4%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$22.74B	$20.72B	$19.82B	$17.22B	$16.65B	$14.95B	$14.02B	$13.21B	$12.89B	$12.95B	$12.26B	$11.92B	$11.53B	$10.55B	$9.831B	$10.73B	$11.14B	$10.55B	$10.08B	$11.73B	$11.20B	$10.39B	$9.869B	$10.31B	$9.157B	$7.190B	$6.009B	$4.404B	$3.937B	$3.435B	$3.163B	$2.937B	$2.779B	$2.723B	$2.428B	$2.272B	$2.147B	$1.804B	$1.368B	$1.112B	$972.0M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Selling, General & Admin	$13.10B	$12.07B	$11.43B	$10.13B	$9.734B	$8.605B	$8.085B	$7.694B	$7.334B	$7.515B	$7.226B	$7.134B	$6.969B	$6.465B	$6.182B	$6.830B	$6.937B	$6.449B	$6.327B	$6.685B	$5.710B	$5.199B	$4.877B	$4.941B
YoY Change	8.52%	5.65%	12.79%	4.06%	13.12%	6.43%	5.08%	4.91%	-2.41%	4.0%	1.29%	2.37%	7.8%	4.58%	-9.49%	-1.54%	7.57%	1.93%	-5.36%	17.08%	9.83%	6.6%	-1.3%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$713.0M	$719.0M	$747.0M	$741.0M	$647.0M	$494.0M	$481.0M	$438.0M	$423.0M	$388.0M	$358.0M	$349.0M	$332.0M	$291.0M	$307.0M	$404.0M	$442.0M	$488.0M	$490.0M	$456.0M	$391.0M	$359.0M	$520.0M	$488.0M	$431.0M	$272.0M	$199.0M	$140.0M	$135.1M	$120.6M	$119.9M	$112.0M	$113.1M	$105.0M	$89.30M	$80.90M	$70.10M	$55.50M	$38.80M	$31.10M	$25.70M
YoY Change	-0.83%	-3.75%	0.81%	14.53%	30.97%	2.7%	9.82%	3.55%	9.02%	8.38%	2.58%	5.12%	14.09%	-5.21%	-24.01%	-8.6%	-9.43%	-0.41%	7.46%	16.62%	8.91%	-30.96%	6.56%	13.23%	58.46%	36.68%	42.14%	3.63%	12.02%	0.58%	7.05%	-0.97%	7.71%	17.58%	10.38%	15.41%	26.31%	43.04%	24.76%	21.01%
% of Gross Profit
Operating Expenses	$17.45B	$16.44B	$15.51B	$14.16B	$13.98B	$12.19B	$11.37B	$10.78B	$10.71B	$10.65B	$10.18B	$10.10B	$9.888B	$9.611B	$9.053B	$9.808B	$10.18B	$9.305B	$9.175B	$10.16B	$8.742B	$8.114B	$7.932B	$8.131B	$7.690B	$5.770B	$5.211B	$3.689B	$3.242B	$2.765B	$2.571B	$2.396B	$2.281B	$2.196B	$1.918B	$1.757B	$1.597B	$1.324B	$1.054B	$888.0M	$769.0M
YoY Change	6.17%	6.01%	9.54%	1.31%	14.65%	7.21%	5.46%	0.66%	0.55%	4.58%	0.88%	2.09%	2.88%	6.16%	-7.7%	-3.68%	9.44%	1.42%	-9.7%	16.23%	7.74%	2.29%	-2.45%	5.73%	33.28%	10.73%	41.26%	13.79%	17.25%	7.55%	7.3%	5.04%	3.87%	14.49%	9.16%	10.02%	20.62%	25.62%	18.69%	15.47%
Operating Profit	$5.282B	$4.280B	$4.312B	$3.066B	$2.677B	$2.761B	$2.655B	$2.431B	$2.184B	$2.301B	$2.077B	$1.829B	$1.638B	$939.0M	$778.0M
YoY Change	23.41%	-0.74%	40.64%	14.53%	-3.04%	3.99%	9.21%	11.31%	-5.08%	10.78%	13.56%	11.66%	74.44%	20.69%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Interest Expense	-$495.0M	-$433.0M	$444.0M	$515.0M	$524.0M	$290.0M	$237.0M	$189.0M	$163.0M	$165.0M	$167.0M	$181.0M	$199.0M	$233.0M	$241.0M	-$185.0M	$1.000M	-$243.0M	-$288.0M	-$198.0M	-$161.0M	-$141.0M	-$173.0M	-$224.0M	-$212.0M	-$115.0M	-$83.00M	-$47.00M	-$45.00M	-$39.00M	-$34.00M	-$22.00M	-$14.00M	$3.000M	$8.000M	$1.000M	$17.00M	$21.00M	$16.00M	-$88.00M	-$19.00M
YoY Change	14.32%	-197.52%	-13.79%	-1.72%	80.69%	22.36%	25.4%	15.95%	-1.21%	-1.2%	-7.73%	-9.05%	-14.59%	-3.32%	-230.27%	-18600.0%	-100.41%	-15.63%	45.45%	22.98%	14.18%	-18.5%	-22.77%	5.66%	84.35%	38.55%	76.6%	4.44%	15.38%	14.71%	54.55%	57.14%	-566.67%	-62.5%	700.0%	-94.12%	-19.05%	31.25%	-118.18%	363.16%
% of Operating Profit	-9.37%	-10.12%	10.3%	16.8%	19.57%	10.5%	8.93%	7.77%	7.46%	7.17%	8.04%	9.9%	12.15%	24.81%	30.98%
Other Income/Expense, Net	$239.0M	$235.0M	$277.0M	$257.0M	$265.0M	$215.0M	$201.0M	$233.0M																								$0.00	$43.00M	-$1.000M
YoY Change	1.7%	-15.16%	7.78%	-3.02%	23.26%	6.97%	-13.73%																									-100.0%	-4400.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$5.026B	$4.082B	$4.208B	$2.793B	$2.439B	$2.244B	$2.643B	$2.480B	$2.307B	$2.057B	$1.973B	$1.696B	$1.404B	$769.0M	$552.0M	$494.0M	$855.0M	$912.0M	$302.0M	$399.0M	$2.287B	$2.133B	$1.590B	$1.955B	$1.255B	$1.305B	$715.0M	$668.0M	$650.0M	$632.0M	$559.0M	$519.0M	$527.0M	$529.0M	$517.0M	$516.0M	$567.0M	$501.0M	$330.0M	$136.0M	$183.0M
YoY Change	23.13%	-2.99%	50.66%	14.51%	8.69%	-15.1%	6.57%	7.5%	12.15%	4.26%	16.33%	20.8%	82.57%	39.31%	11.74%	-42.22%	-6.25%	201.99%	-24.31%	-82.55%	7.22%	34.15%	-18.67%	55.78%	-3.83%	82.52%	7.04%	2.77%	2.85%	13.06%	7.71%	-1.52%	-0.38%	2.32%	0.19%	-8.99%	13.17%	51.82%	142.65%	-25.68%
Income Tax	$1.224B	$995.0M	$1.034B	$747.0M	$666.0M	$574.0M	$1.133B	$685.0M	$671.0M	$586.0M	$594.0M	$492.0M	$422.0M	$204.0M	$21.00M	$113.0M	$298.0M	$272.0M	$95.00M	$239.0M	$751.0M	$747.0M	$599.0M	$753.0M	$524.0M	$509.0M	$281.0M	$209.0M	$247.0M	$250.0M	$226.0M	$216.0M	$221.0M	$225.0M	$222.0M	$220.0M	$265.0M	$258.0M	$167.0M	$78.00M	$90.00M
% Of Pretax Income	24.35%	24.38%	24.57%	26.75%	27.31%	25.58%	42.87%	27.62%	29.09%	28.49%	30.11%	29.01%	30.06%	26.53%	3.8%	22.87%	34.85%	29.82%	31.46%	59.9%	32.84%	35.02%	37.67%	38.52%	41.75%	39.0%	39.3%	31.29%	38.0%	39.56%	40.43%	41.62%	41.94%	42.53%	42.94%	42.64%	46.74%	51.5%	50.61%	57.35%	49.18%
Net Earnings	$3.756B	$3.050B	$3.143B	$2.016B	$1.742B	$1.650B	$1.492B	$1.768B	$1.599B	$1.465B	$1.357B	$1.176B	$993.0M	$855.0M	$227.0M	-$73.00M	$2.475B	$990.0M	$404.0M	$176.0M	$1.540B	$1.365B	$974.0M	$1.181B	$726.0M	$796.0M	$434.0M	$459.0M	$403.0M	$372.0M	$332.0M	$264.0M	$306.0M	$304.0M	$295.0M	$296.0M	$302.0M	$243.0M	$163.0M	$59.00M	$94.00M
YoY Change	23.15%	-2.96%	55.9%	15.73%	5.58%	10.59%	-15.61%	10.57%	9.15%	7.96%	15.39%	18.43%	16.14%	276.65%	-410.96%	-102.95%	150.0%	145.05%	129.55%	-88.57%	12.82%	40.14%	-17.53%	62.67%	-8.79%	83.41%	-5.45%	13.9%	8.33%	12.05%	25.76%	-13.73%	0.66%	3.05%	-0.34%	-1.99%	24.28%	49.08%	176.27%	-37.23%
Net Earnings / Revenue	16.52%	14.72%	15.86%	11.7%	10.46%	11.04%	10.64%	13.38%	12.4%	11.31%	11.07%	9.86%	8.62%	8.1%	2.31%	-0.68%	22.23%	9.39%	4.01%	1.5%	13.75%	13.14%	9.87%	11.46%	7.93%	11.07%	7.22%	10.42%	10.24%	10.83%	10.5%	8.99%	11.01%	11.16%	12.15%	13.03%	14.07%	13.47%	11.92%	5.31%	9.67%
Basic Earnings Per Share	$7.60	$6.11	$6.20	$3.98	$3.44	$3.26	$2.91	$3.41	$3.01	$2.69	$2.47	$2.16	$1.82	$1.56	$0.43
Diluted Earnings Per Share	$7.53	$6.040M	$6.13	$3.94	$3.41	$3.23	$2.87	$3.38	$2.98	$2.65	$2.43	$2.13	$1.79	$1.55	$0.42	-$141.7K	$4.566M	$1.777M	$744.0K	$329.0K	$2.810M	$2.451M	$1.703M	$2.076M	$1.335M	$1.508M	$864.5K	$1.038M	$911.8K	$841.6K	$752.8K	$609.7K	$697.0K	$690.9K	$684.5K	$682.0K	$677.1K	$548.5K	$372.1K	$135.6K	$221.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments	$3.358B	$1.442B	$1.752B	$2.089B	$1.155B	$1.066B	$1.205B	$1.026B	$1.374B	$1.958B	$2.303B	$2.301B	$2.113B	$1.894B	$1.707B	$1.685B	$2.133B	$2.015B	$2.020B	$1.370B	$665.0M	$546.0M	$537.0M	$240.0M	$428.0M	$610.0M	$424.0M	$300.0M	$328.0M	$295.0M	$332.0M	$371.0M	$349.0M	$305.0M	$293.0M	$252.0M	$344.0M	$278.0M	$229.0M	$245.0M	$1.412B
YoY Change	132.87%	-17.69%	-16.13%	80.87%	8.35%	-11.54%	17.45%	-25.33%	-29.83%	-14.98%	0.09%	8.9%	11.56%	10.95%	1.31%	-21.0%	5.86%	-0.25%	47.45%	106.02%	21.79%	1.68%	123.75%	-43.93%	-29.84%	43.87%	41.33%	-8.54%	11.19%	-11.14%	-10.51%	6.3%	14.43%	4.1%	16.27%	-26.74%	23.74%	21.4%	-6.53%	-82.65%
Cash & Equivalents	$3.358B	$1.442B	$1.752B	$2.089B	$1.155B	$1.066B	$1.205B	$1.026B	$1.374B	$1.958B	$2.303B	$2.301B	$2.113B	$1.894B	$1.707B	$1.685B	$2.133B	$2.015B	$2.020B	$1.370B	$665.0M	$546.0M	$537.0M	$240.0M	$428.0M	$610.0M	$424.0M	$300.0M	$328.0M	$295.0M	$332.0M	$371.0M	$349.0M	$305.0M	$293.0M	$252.0M	$344.0M	$278.0M	$229.0M	$245.0M	$1.412B
Short-Term Investments
Other Short-Term Assets	$11.97B	$1.005B	$636.0M	$740.0M	$677.0M	$551.0M	$224.0M	$215.0M	$199.0M	$198.0M	$687.0M	$604.0M	$629.0M	$347.0M	$500.0M	$344.0M	$447.0M	$2.243B	$512.0M	$770.0M	$480.0M	$640.0M	$563.0M	$587.0M	$557.0M	$726.0M	$645.0M	$363.0M	$219.0M	$196.0M	$127.0M	$62.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	1091.24%	58.02%	-14.05%	9.31%	22.87%	145.98%	4.19%	8.04%	0.51%	-71.18%	13.74%	-3.97%	81.27%	-30.6%	45.35%	-23.04%	-80.07%	338.09%	-33.51%	60.42%	-25.0%	13.68%	-4.09%	5.39%	-23.28%	12.56%	77.69%	65.75%	11.73%	54.33%	104.84%
Inventory
Prepaid Expenses
Receivables	$6.418B	$5.852B	$5.876B	$5.326B	$5.236B	$4.317B	$4.133B	$3.643B	$3.471B	$3.377B	$3.310B	$3.058B	$2.873B	$2.712B	$2.549B	$2.755B	$2.874B	$2.718B	$2.730B	$2.859B	$2.703B	$2.478B	$2.692B	$2.812B	$2.298B	$1.909B	$1.498B	$1.086B	$1.133B	$955.0M	$853.0M	$809.0M	$690.0M	$748.0M	$618.0M	$536.0M	$503.0M	$544.0M	$395.0M	$254.0M	$237.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$33.00M	$323.0M	$175.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$21.75B	$8.299B	$8.264B	$8.155B	$7.068B	$5.934B	$5.562B	$4.884B	$5.044B	$5.533B	$6.300B	$5.963B	$5.648B	$5.276B	$4.931B	$4.784B	$5.454B	$6.976B	$5.262B	$4.999B	$3.848B	$3.664B	$3.792B	$3.639B	$3.283B	$3.245B	$2.567B	$1.749B	$1.679B	$1.446B	$1.312B	$1.243B	$1.039B	$1.053B	$911.0M	$788.0M	$847.0M	$822.0M	$624.0M	$499.0M	$1.649B
YoY Change	162.06%	0.42%	1.34%	15.38%	19.11%	6.69%	13.88%	-3.17%	-8.84%	-12.17%	5.65%	5.58%	7.05%	7.0%	3.07%	-12.28%	-21.82%	32.57%	5.26%	29.91%	5.02%	-3.38%	4.2%	10.84%	1.17%	26.41%	46.77%	4.17%	16.11%	10.21%	5.55%	19.63%	-1.33%	15.59%	15.61%	-6.97%	3.04%	31.73%	25.05%	-69.74%
Property, Plant & Equipment	$2.423B	$2.433B	$2.715B	$2.750B	$2.779B	$701.0M	$712.0M	$725.0M	$773.0M	$809.0M	$828.0M	$809.0M	$804.0M	$822.0M	$850.0M	$969.0M	$992.0M	$990.0M	$1.178B	$1.363B	$1.389B	$1.308B	$1.235B	$1.360B	$1.314B	$1.287B	$957.0M	$770.0M	$758.0M	$740.0M	$688.0M	$708.0M	$734.0M	$759.0M	$681.0M	$620.0M	$353.0M	$267.0M	$205.0M	$173.0M	$170.0M
YoY Change	-0.41%	-10.39%	-1.27%	-1.04%	296.43%	-1.54%	-1.79%	-6.21%	-4.45%	-2.29%	2.35%	0.62%	-2.19%	-3.29%	-12.28%	-2.32%	0.2%	-15.96%	-13.57%	-1.87%	6.19%	5.91%	-9.19%	3.5%	2.1%	34.48%	24.29%	1.58%	2.43%	7.56%	-2.82%	-3.54%	-3.29%	11.45%	9.84%	75.64%	32.21%	30.24%	18.5%	1.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$266.0M	$215.0M	$207.0M														$66.00M	$124.0M	$277.0M	$558.0M	$648.0M	$578.0M	$826.0M	$976.0M	$611.0M	$828.0M	$720.0M	$573.0M	$412.0M	$0.00	$0.00	$0.00	$21.00M	$46.00M	$41.00M	$39.00M	$38.00M	$36.00M	$26.00M	$23.00M	$22.00M
YoY Change	23.72%	3.86%															-46.77%	-55.23%	-50.36%	-13.89%	12.11%	-30.02%	-15.37%	59.74%	-26.21%	15.0%	25.65%	39.08%				-100.0%	-54.35%	12.2%	5.13%	2.63%	5.56%	38.46%	13.04%	4.55%
Other Assets	$3.998B	$3.934B	$4.075B	$3.928B	$4.065B	$3.907B	$3.792B	$3.086B	$3.474B	$3.518B	$2.087B	$1.977B	$1.795B	$2.389B	$3.337B	$2.076B	$2.846B	$2.452B	$3.402B	$3.523B	$3.371B	$2.901B	$2.589B	$2.318B	$2.424B	$1.685B	$1.251B	$908.0M	$600.0M	$793.0M	$755.0M	$333.0M	$177.0M	$127.0M	$100.0M	$98.00M	$102.0M	$93.00M	$47.00M	$33.00M	$37.00M
YoY Change	1.63%	-3.46%	3.74%	-3.37%	4.04%	3.03%	22.88%	-11.17%	-1.25%	68.57%	5.56%	10.14%	-24.86%	-28.41%	60.74%	-27.06%	16.07%	-27.92%	-3.43%	4.51%	16.2%	12.05%	11.69%	-4.37%	43.86%	34.69%	37.78%	51.33%	-24.34%	5.03%	126.73%	88.14%	39.37%	27.0%	2.04%	-3.92%	9.68%	97.87%	42.42%	-10.81%
Total Long-Term Assets	$26.28B	$25.16B	$26.12B	$24.89B	$24.29B	$15.64B	$14.87B	$13.31B	$13.17B	$12.26B	$10.68B	$10.33B	$9.806B	$10.03B	$10.41B	$10.42B	$11.91B	$11.16B	$12.63B	$13.50B	$11.21B	$10.19B	$9.977B	$10.13B	$9.891B	$8.626B	$5.345B	$2.796B	$2.651B	$2.385B	$2.235B	$1.845B	$1.343B	$1.358B	$1.124B	$1.042B	$787.0M	$655.0M	$406.0M	$328.0M	$315.0M
YoY Change	4.48%	-3.71%	4.94%	2.49%	55.26%	5.23%	11.73%	1.02%	7.44%	14.79%	3.44%	5.29%	-2.27%	-3.57%	-0.15%	-12.46%	6.67%	-11.63%	-6.44%	20.47%	9.95%	2.14%	-1.51%	2.42%	14.66%	61.38%	91.17%	5.47%	11.15%	6.71%	21.14%	37.38%	-1.1%	20.82%	7.87%	32.4%	20.15%	61.33%	23.78%	4.13%
Total Assets	$48.03B	$33.45B	$34.39B	$33.05B	$31.36B	$21.58B	$20.43B	$18.19B	$18.22B	$17.79B	$16.98B	$16.29B	$15.45B	$15.31B	$15.34B	$15.21B	$17.36B	$18.14B	$17.89B	$18.50B	$15.05B	$13.86B	$13.77B	$13.77B	$13.17B	$11.87B	$7.912B	$4.545B	$4.330B	$3.831B	$3.547B	$3.088B	$2.382B	$2.411B	$2.035B	$1.830B	$1.634B	$1.477B	$1.030B	$827.0M	$1.964B
YoY Change
Accounts Payable	$3.403B	$3.278B	$3.165B	$3.050B	$2.746B	$2.234B	$2.083B	$1.969B	$1.886B	$1.883B	$1.861B	$1.721B	$2.016B	$1.741B	$1.751B	$1.688B	$1.670B	$2.486B	$1.733B	$1.818B	$1.501B	$1.406B	$1.347B	$1.964B	$1.762B	$1.338B	$1.223B	$448.0M	$485.0M	$497.0M	$444.0M	$393.0M	$324.0M	$283.0M	$231.0M	$196.0M	$177.0M	$300.0M	$116.0M	$104.0M	$65.00M
YoY Change	3.81%	3.57%	3.77%	11.07%	22.92%	7.25%	5.79%	4.4%	0.16%	1.18%	8.13%	-14.63%	15.8%	-0.57%	3.73%	1.08%	-32.82%	43.45%	-4.68%	21.12%	6.76%	4.38%	-31.42%	11.46%	31.69%	9.4%	172.99%	-7.63%	-2.41%	11.94%	12.98%	21.3%	14.49%	22.51%	17.86%	10.73%	-41.0%	158.62%	11.54%	60.0%
Accrued Expenses	$3.658B	$3.405B	$3.274B	$2.742B	$2.539B	$1.778B	$1.718B	$1.655B	$1.656B	$1.633B	$1.466B	$1.473B	$1.400B	$1.294B	$1.290B	$1.224B	$1.467B	$1.408B	$1.746B	$1.962B	$1.273B	$1.568B	$1.564B	$1.388B	$1.157B	$841.0M	$564.0M	$392.0M	$257.0M	$221.0M	$174.0M	$152.0M	$154.0M	$144.0M	$144.0M	$112.0M	$119.0M	$83.00M	$75.00M	$45.00M	$37.00M
YoY Change	7.43%	4.0%	19.4%	8.0%	42.8%	3.49%	3.81%	-0.06%	1.41%	11.39%	-0.48%	5.21%	8.19%	0.31%	5.39%	-16.56%	4.19%	-19.36%	-11.01%	54.12%	-18.81%	0.26%	12.68%	19.97%	37.57%	49.11%	43.88%	52.53%	16.29%	27.01%	14.47%	-1.3%	6.94%	0.0%	28.57%	-5.88%	43.37%	10.67%	66.67%	21.62%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.619B	$268.0M	$17.00M	$517.0M	$1.215B	$314.0M	$262.0M	$312.0M	$12.00M	$11.00M	$334.0M	$260.0M	$260.0M	$8.000M	$558.0M	$408.0M	$260.0M	$1.111B	$498.0M	$636.0M	$447.0M	$543.0M	$757.0M	$337.0M	$1.131B	$2.234B	$237.0M	$392.0M	$571.0M	$403.0M	$274.0M	$207.0M	$10.00M	$67.00M	$34.00M	$143.0M	$140.0M	$103.0M	$60.00M	$139.0M	$1.269B
YoY Change	504.1%	1476.47%	-96.71%	-57.45%	286.94%	19.85%	-16.03%	2500.0%	9.09%	-96.71%	28.46%	0.0%	3150.0%	-98.57%	36.76%	56.92%	-76.6%	123.09%	-21.7%	42.28%	-17.68%	-28.27%	124.63%	-70.2%	-49.37%	842.62%	-39.54%	-31.35%	41.69%	47.08%	32.37%	1970.0%	-85.07%	97.06%	-76.22%	2.14%	35.92%	71.67%	-56.83%	-89.05%
Total Short-Term Liabilities	$19.80B	$7.172B	$6.654B	$6.556B	$6.679B	$4.924B	$4.262B	$4.082B	$3.708B	$3.677B	$3.809B	$3.564B	$3.739B	$3.105B	$3.715B	$3.386B	$3.493B	$5.918B	$4.351B	$4.743B	$3.659B	$3.863B	$4.414B	$4.119B	$4.359B	$4.902B	$2.343B	$1.556B	$1.570B	$1.392B	$1.179B	$1.017B	$736.0M	$733.0M	$625.0M	$626.0M	$638.0M	$658.0M	$416.0M	$419.0M	$1.498B
YoY Change	176.0%	7.78%	1.49%	-1.84%	35.64%	15.53%	4.41%	10.09%	0.84%	-3.47%	6.87%	-4.68%	20.42%	-16.42%	9.72%	-3.06%	-40.98%	36.01%	-8.26%	29.63%	-5.28%	-12.48%	7.16%	-5.51%	-11.08%	109.22%	50.58%	-0.89%	12.79%	18.07%	15.93%	38.18%	0.41%	17.28%	-0.16%	-1.88%	-3.04%	58.17%	-0.72%	-72.03%
Long-Term Debt	$11.84B	$11.23B	$10.93B	$10.80B	$10.74B	$5.510B	$5.225B	$4.495B	$4.402B	$3.368B	$2.621B	$2.658B	$2.668B	$3.026B	$3.034B	$3.194B	$3.604B	$3.860B	$5.044B	$4.691B	$2.910B	$2.891B	$2.334B	$2.347B	$2.357B	$1.590B	$1.240B	$458.0M	$411.0M	$409.0M	$410.0M	$411.0M	$318.0M	$320.0M	$319.0M	$266.0M	$16.00M	$15.00M	$10.00M	$10.00M	$11.00M
YoY Change	5.5%	2.69%	1.27%	0.51%	94.94%	5.45%	16.24%	2.11%	30.7%	28.5%	-1.39%	-0.37%	-11.83%	-0.26%	-5.01%	-11.38%	-6.63%	-23.47%	7.53%	61.2%	0.66%	23.86%	-0.55%	-0.42%	48.24%	28.23%	170.74%	11.44%	0.49%	-0.24%	-0.24%	29.25%	-0.63%	0.31%	19.92%	1562.5%	6.67%	50.0%	0.0%	-9.09%
Other Long-Term Liabilities	$4.021B	$4.306B	$5.579B	$6.437B	$5.994B	$3.560B	$3.500B	$3.341B	$3.504B	$3.615B	$2.575B	$3.460B	$3.107B	$2.764B	$2.725B	$2.866B	$2.440B	$2.540B	$3.137B	$4.008B	$3.033B	$2.083B	$1.848B	$2.075B	$2.288B	$1.720B	$1.096B	$642.0M	$684.0M	$568.0M	$593.0M	$558.0M	$288.0M	$262.0M	$205.0M	$166.0M	$124.0M	$80.00M	$30.00M	$0.00	$0.00
YoY Change	-6.62%	-22.82%	-13.33%	7.39%	68.37%	1.71%	4.76%	-4.65%	-3.07%	40.39%	-25.58%	11.36%	12.41%	1.43%	-4.92%	17.46%	-3.94%	-19.03%	-21.73%	32.15%	45.61%	12.72%	-10.94%	-9.31%	33.02%	56.93%	70.72%	-6.14%	20.42%	-4.22%	6.27%	93.75%	9.92%	27.8%	23.49%	33.87%	55.0%	166.67%
Total Long-Term Liabilities	$15.87B	$15.53B	$16.51B	$17.23B	$16.74B	$9.070B	$8.725B	$7.836B	$7.906B	$6.983B	$5.196B	$6.118B	$5.775B	$5.790B	$5.759B	$6.060B	$6.044B	$6.400B	$8.181B	$8.699B	$5.943B	$4.974B	$4.182B	$4.422B	$4.645B	$3.310B	$2.336B	$1.100B	$1.095B	$977.0M	$1.003B	$969.0M	$606.0M	$582.0M	$524.0M	$432.0M	$140.0M	$95.00M	$40.00M	$10.00M	$11.00M
YoY Change	2.14%	-5.93%	-4.18%	2.98%	84.51%	3.95%	11.35%	-0.89%	13.22%	34.39%	-15.07%	5.94%	-0.26%	0.54%	-4.97%	0.26%	-5.56%	-21.77%	-5.95%	46.37%	19.48%	18.94%	-5.43%	-4.8%	40.33%	41.7%	112.36%	0.46%	12.08%	-2.59%	3.51%	59.9%	4.12%	11.07%	21.3%	208.57%	47.37%	137.5%	300.0%	-9.09%
Total Liabilities	$35.66B	$22.71B	$23.38B	$23.95B	$23.56B	$14.07B	$13.07B	$12.00B	$11.70B	$10.74B	$9.075B	$9.746B	$9.571B	$8.942B	$9.509B	$9.484B	$9.537B	$12.32B	$12.53B	$13.44B	$9.602B	$8.837B	$8.596B	$8.541B	$9.004B	$8.212B	$4.679B	$2.657B	$2.664B	$2.370B	$2.181B	$1.986B	$1.347B	$1.326B	$1.162B	$1.075B	$843.0M	$838.0M	$515.0M	$457.0M	$1.515B
YoY Change	57.06%	-2.88%	-2.36%	1.62%	67.51%	7.63%	8.93%	2.52%	8.98%	18.34%	-6.88%	1.83%	7.03%	-5.96%	0.26%	-0.56%	-22.58%	-1.71%	-6.77%	39.99%	8.66%	2.8%	0.64%	-5.14%	9.64%	75.51%	76.1%	-0.26%	12.41%	8.67%	9.82%	47.44%	1.58%	14.11%	8.09%	27.52%	0.6%	62.72%	12.69%	-69.83%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	494.0M shares	499.0M shares	507.0M shares	506.0M shares	506.0M shares	506.0M shares	513.0M shares	519.0M shares	531.0M shares	545.0M shares	549.0M shares	544.0M shares	542.0M shares	540.0M shares	522.0M shares
Diluted Shares Outstanding	499.0M shares	505.0M shares	513.0M shares	512.0M shares	511.0M shares	511.0M shares	519.0M shares	524.0M shares	536.0M shares	553.0M shares	558.0M shares	552.0M shares	551.0M shares	544.0M shares	524.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $112.83 Billion

About MARSH & MCLENNAN COMPANIES, INC.

Marsh & McLennan Cos., Inc. is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. The company is headquartered in New York City, New York and currently employs 85,000 full-time employees. The firm's Risk and Insurance Services segment includes risk management activities (risk advice, risk transfer and risk control and mitigation solutions) as well as insurance and reinsurance broking and services. This segment operates through Marsh and Guy Carpenter. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies. Its Consulting segment includes health, wealth and career advice, solutions and products, and specialized management, strategic, economic and brand consulting services. This segment operates through Mercer and Oliver Wyman Group. Mercer delivers advice and technology-driven solutions that help organizations. Oliver Wyman Group serves as an economic brand advisor to private sector and governmental clients.

Industry: Insurance Agents, Brokers & Service Peers: Hagerty, Inc. Arthur J. Gallagher & Co. BROWN & BROWN, INC. Baldwin Insurance Group, Inc. Goosehead Insurance, Inc. Hippo Holdings Inc. RYAN SPECIALTY HOLDINGS, INC. SelectQuote, Inc.