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Last update at 2024-12-19T18:55:00Z
Marsh & McLennan Companies Inc (MMC) Q3 2024 Earnings Call Highlights: Strong Revenue ...
Fri 18 Oct 24, 07:02 AMQ3 2024 Marsh & McLennan Companies Inc Earnings Call
Fri 18 Oct 24, 02:50 AMMarsh & McLennan Q3 Earnings Beat on Solid Marsh Unit Performance
Thu 17 Oct 24, 05:33 PMMarsh & McLennan (MMC) Reports Q3 Earnings: What Key Metrics Have to Say
Thu 17 Oct 24, 01:30 PMMarsh & McLennan (MMC) Q3 Earnings Surpass Estimates
Thu 17 Oct 24, 11:40 AMMarsh McLennan Reports Third Quarter 2024 Results
Thu 17 Oct 24, 10:30 AMMarsh & McLennan Pre-Q3 Earnings: Is it Time to Bet Big or Sit Tight?
Tue 15 Oct 24, 03:27 PMWhat Analyst Projections for Key Metrics Reveal About Marsh & McLennan (MMC) Q3 Earnings
Mon 14 Oct 24, 01:15 PMMarsh & McLennan (MMC) Reports Next Week: Wall Street Expects Earnings Growth
Thu 10 Oct 24, 02:00 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 4082.00M | 4208.00M | 2793.00M | 2439.00M | 2244.00M |
Minority interest | -37.00000M | -31.00000M | 30.00M | 31.00M | 20.00M |
Net income | 3050.00M | 3143.00M | 2016.00M | 1742.00M | 1650.00M |
Selling general administrative | 12071.00M | 11425.00M | 14158.00M | 9734.00M | 8605.00M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 8649.00M | 8395.00M | 7095.00M | 6918.00M | 6345.00M |
Reconciled depreciation | 719.00M | 747.00M | 741.00M | 647.00M | 494.00M |
Ebit | 4280.00M | 4312.00M | 3066.00M | 2677.00M | 2987.00M |
Ebitda | 5249.00M | 5338.00M | 4071.00M | 3628.00M | 3481.00M |
Depreciation and amortization | 969.00M | 1026.00M | 1005.00M | 951.00M | 494.00M |
Non operating income net other | 36.00M | 63.00M | -15.00000M | 7.00M | 11.00M |
Operating income | 4280.00M | 4312.00M | 3066.00M | 2677.00M | 2761.00M |
Other operating expenses | 16440.00M | 15508.00M | 14158.00M | 13975.00M | 12189.00M |
Interest expense | 469.00M | 444.00M | 515.00M | 524.00M | 290.00M |
Tax provision | 995.00M | 1034.00M | 747.00M | 666.00M | 574.00M |
Interest income | 433.00M | 381.00M | 7.00M | 39.00M | 11.00M |
Net interest income | -454.00000M | -442.00000M | -508.00000M | -485.00000M | -279.00000M |
Extraordinary items | - | - | - | 0.00000M | 5.00M |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 995.00M | 1034.00M | 747.00M | 666.00M | 574.00M |
Total revenue | 20720.00M | 19820.00M | 17224.00M | 16652.00M | 14950.00M |
Total operating expenses | 4369.00M | 4083.00M | 4029.00M | 4241.00M | 3584.00M |
Cost of revenue | 12071.00M | 11425.00M | 10129.00M | 9734.00M | 8605.00M |
Total other income expense net | -198.00000M | -104.00000M | -273.00000M | -238.00000M | -238.00000M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 3087.00M | 3174.00M | 2046.00M | 1773.00M | 1670.00M |
Net income applicable to common shares | 3050.00M | 3143.00M | 2016.00M | 1742.00M | 1650.00M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Total assets | 33454.00M | 34388.00M | 33030.00M | 31317.00M | 21578.00M |
Intangible assets | 2537.00M | 2810.00M | 2699.00M | 2774.00M | 1437.00M |
Earning assets | - | - | - | - | - |
Other current assets | 1005.00M | 926.00M | 740.00M | 677.00M | 551.00M |
Total liab | 22705.00M | 23166.00M | 23770.00M | 23374.00M | 13994.00M |
Total stockholder equity | 10749.00M | 11222.00M | 9260.00M | 7943.00M | 7501.00M |
Deferred long term liab | 347.00M | 314.00M | 282.00M | 252.00M | 247.00M |
Other current liab | 3316.00M | 3140.00M | 2608.00M | 2376.00M | 1778.00M |
Common stock | 561.00M | 561.00M | 561.00M | 561.00M | 561.00M |
Capital stock | 561.00M | 561.00M | 561.00M | 561.00M | 561.00M |
Retained earnings | 20301.00M | 18389.00M | 16272.00M | 15199.00M | 14347.00M |
Other liab | 2639.00M | 3699.00M | 4533.00M | 4068.00M | 3560.00M |
Good will | 16251.00M | 16317.00M | 15517.00M | 14671.00M | 9599.00M |
Other assets | 3934.00M | 4282.00M | 3948.00M | 2850.00M | 2811.00M |
Cash | 1442.00M | 1752.00M | 2089.00M | 1155.00M | 1066.00M |
Cash and equivalents | 1442.00M | 1752.00M | 2089.00M | 1155.00M | 1066.00M |
Total current liabilities | 7172.00M | 6654.00M | 6517.00M | 6679.00M | 4924.00M |
Current deferred revenue | - | - | - | - | 157.00M |
Net debt | 12030.00M | 11410.00M | 11490.00M | 13069.00M | 4758.00M |
Short term debt | 578.00M | 349.00M | 859.00M | 1557.00M | 314.00M |
Short long term debt | 268.00M | 17.00M | 517.00M | 1215.00M | 314.00M |
Short long term debt total | 13472.00M | 13162.00M | 13579.00M | 14224.00M | 5824.00M |
Other stockholder equity | -4799.00000M | -3153.00000M | -2463.00000M | -2762.00000M | -2760.00000M |
Property plant equipment | 2433.00M | 2715.00M | 856.00M | 858.00M | 701.00M |
Total current assets | 8299.00M | 8264.00M | 8116.00M | 7068.00M | 5934.00M |
Long term investments | - | - | - | 719.00M | 661.00M |
Net tangible assets | -6246.00000M | -7905.00000M | -6822.00000M | -7391.00000M | -3238.00000M |
Short term investments | - | - | -8585.00000M | -7344.00000M | -5001.00000M |
Net receivables | 5852.00M | 5586.00M | 5287.00M | 5236.00M | 4317.00M |
Long term debt | 11227.00M | 10933.00M | 10796.00M | 10741.00M | 5510.00M |
Inventory | - | - | - | - | - |
Accounts payable | 3278.00M | 3165.00M | 3050.00M | 2746.00M | 2675.00M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | 229.00M | 213.00M | 156.00M | 150.00M | 73.00M |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -5314.00000M | -4575.00000M | -5110.00000M | -5055.00000M | -4647.00000M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | 561.00M | 561.00M | 561.00M | 561.00M | 561.00M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | 20301.00M | 18389.00M | 16272.00M | 15199.00M | 14347.00M |
Treasury stock | - | -4478.00000M | -3562.00000M | -3774.00000M | -3567.00000M |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 3576.00M | 1461.00M | 1458.00M | 1757.00M | 1539.00M |
Deferred long term asset charges | - | - | - | - | 680.00M |
Non current assets total | 25155.00M | 26124.00M | 24914.00M | 24249.00M | 15644.00M |
Capital lease obligations | 1977.00M | 2212.00M | 2266.00M | 2268.00M | - |
Long term debt total | 11227.00M | 10933.00M | 10796.00M | 10741.00M | 5510.00M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | -850.00000M | 17.00M | 107.00M | 92.00M | 4.00M |
Change to liabilities | 310.00M | 709.00M | 616.00M | 144.00M | 60.00M |
Total cashflows from investing activities | -850.00000M | -1164.00000M | -814.00000M | -5671.00000M | -1089.00000M |
Net borrowings | 619.00M | -273.00000M | -778.00000M | 4773.00M | 293.00M |
Total cash from financing activities | -1046.00000M | -1297.00000M | -1880.00000M | 3306.00M | -1310.00000M |
Change to operating activities | -466.00000M | -431.00000M | -78.00000M | -843.00000M | -207.00000M |
Net income | 3087.00M | 3174.00M | 2046.00M | 1773.00M | 1670.00M |
Change in cash | 728.00M | 700.00M | 934.00M | 89.00M | -139.00000M |
Begin period cash flow | 11374.00M | 10674.00M | 1155.00M | 1066.00M | 1205.00M |
End period cash flow | 12102.00M | 11374.00M | 2089.00M | 1155.00M | 1066.00M |
Total cash from operating activities | 3465.00M | 3516.00M | 3382.00M | 2361.00M | 2428.00M |
Issuance of capital stock | 126.00M | 161.00M | 132.00M | 158.00M | 93.00M |
Depreciation | 719.00M | 747.00M | 741.00M | 647.00M | 494.00M |
Other cashflows from investing activities | -380.00000M | -758.00000M | -573.00000M | -5342.00000M | -779.00000M |
Dividends paid | -1138.00000M | -1026.00000M | -943.00000M | -890.00000M | 807.00M |
Change to inventory | - | - | - | - | - |
Change to account receivables | -492.00000M | -252.00000M | -75.00000M | -130.00000M | -78.00000M |
Sale purchase of stock | -2022.00000M | -1159.00000M | 1605.00M | -574.00000M | -742.00000M |
Other cashflows from financing activities | 2353.00M | 1844.00M | -159.00000M | 5676.00M | 409.00M |
Change to netincome | 269.00M | -18.00000M | 354.00M | 429.00M | 125.00M |
Capital expenditures | 470.00M | 406.00M | 348.00M | 421.00M | 314.00M |
Change receivables | -492.00000M | -252.00000M | -75.00000M | -130.00000M | -78.00000M |
Cash flows other operating | -428.00000M | -813.00000M | -300.00000M | -502.00000M | 157.00M |
Exchange rate changes | - | - | - | - | -168.00000M |
Cash and cash equivalents changes | 1569.00M | 1055.00M | 688.00M | -4.00000M | -139.00000M |
Change in working capital | -1012.00000M | -645.00000M | -137.00000M | -696.00000M | -320.00000M |
Stock based compensation | 367.00M | 348.00M | 290.00M | 252.00M | 193.00M |
Other non cash items | 304.00M | -45.00000M | 402.00M | 301.00M | 430.00M |
Free cash flow | 2995.00M | 3110.00M | 3034.00M | 1940.00M | 2114.00M |
Sector: Financial Services Industry: Insurance Brokers
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
MMC Marsh & McLennan Companies Inc |
2.01 0.96% | 211.90 | 27.11 | 21.60 | 4.12 | 8.01 | 4.69 | 17.72 |
AON Aon PLC |
2.83 0.80% | 355.41 | 30.99 | 21.14 | 5.23 | 12.74 | 6.45 | 21.84 |
AJG Arthur J Gallagher & Co |
2.72 0.98% | 281.21 | 54.05 | 25.71 | 5.84 | 5.26 | 6.26 | 27.42 |
WTW Willis Towers Watson PLC |
4.15 1.35% | 311.70 | 25.57 | 16.03 | 2.81 | 2.80 | 3.28 | 15.43 |
BRO Brown & Brown Inc |
1.79 1.77% | 102.72 | 26.80 | 23.04 | 4.84 | 3.81 | 5.57 | 16.58 |
Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, strategic, economic, and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.
1166 Avenue of the Americas, New York, NY, United States, 10036-2774
Name | Title | Year Born |
---|---|---|
Mr. Daniel S. Glaser | Pres, CEO & Director | 1960 |
Mr. John Quinlan Doyle | Group Pres, COO & Vice Chairman | 1964 |
Mr. Mark Christopher McGivney | Chief Financial Officer | 1968 |
Ms. Martine Ferland | Vice Chair | 1962 |
Ms. Stacy M. Mills | VP, Controller & Chief Accounting Officer | 1965 |
Mr. Paul Beswick | Sr. VP & Global Chief Information Officer | 1975 |
Sarah Dewitt | VP of Investor Relations | NA |
Ms. Katherine J. Brennan | Sr. VP & Gen. Counsel | NA |
Mr. John Jones | Chief Marketing and Communications Officer | NA |
Ms. Carmen Fernandez | Sr. VP & Chief People Officer | 1974 |
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