Marsh & McLennan Companies, Inc. MRSH NYSE

Marsh & McLennan Companies, Inc. (MRSH) generated $2.16B in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $105M, free cash flow was $2.06B.

Free cash flow margin was 31.2% of revenue. Cash conversion ratio was 12.79x, indicating earnings are backed by cash.

The company returned $444M in dividends and $862M in share buybacks to shareholders during the quarter.

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) — $2.06B (31.2% margin) supports a durable competitive advantage
• INCOME (70/100) — Cash conversion ratio was 12.79x confirms earnings are backed by real cash flow

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