Marsh & McLennan Companies, Inc. MRSH NYSE

Marsh & McLennan Companies, Inc. (MRSH) generated $5.29B in operating cash flow for fiscal year 2025. After capital expenditures of $291M, free cash flow was $5B.

Free cash flow margin was 18.5% of revenue. Cash conversion ratio was 1.25x, indicating earnings are backed by cash.

The company returned $1.7B in dividends and $2.01B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (73/100, Pass) — $5B (18.5% FCF margin) supports a durable competitive advantage
• INCOME (70/100) — Cash conversion ratio was 1.25x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 66/100 with 4/7 criteria passed.