Marsh & McLennan Companies, Inc. (MMC) Income Annual - Discounting Cash Flows
MMC
Marsh & McLennan Companies, Inc.
MMC (NYSE)
Period Ending: LTM
(Last Twelve Months)
2025
12-31
2024
12-31
2023
12-31
2022
12-31
2021
12-31
2020
12-31
2019
12-31
2018
12-31
2017
12-31
2016
12-31
2015
12-31
2014
12-31
2013
12-31
2012
12-31
2011
12-31
2010
12-31
2009
12-31
2008
12-31
2007
12-31
2006
12-31
2005
12-31
2004
12-31
2003
12-31
2002
12-31
2001
12-31
2000
12-31
1999
12-31
1998
12-31
1997
12-31
1996
12-31
1995
12-31
1994
12-31
1993
12-31
1992
12-31
1991
12-31
1990
12-31
1989
12-31
1988
12-31
1987
12-31
1986
12-31
1985
12-31
Report Filing 2026-02-09 2026-02-09 2025-02-10 2024-02-12 2023-02-13 2022-02-16 2021-02-17 2020-02-20 2019-02-21 2018-02-22 2017-02-24 2016-02-24 2015-02-26 2014-02-27 2013-02-27 2012-02-28 2011-02-28 2010-02-26 2009-02-27 2008-02-29 2007-03-01 2006-03-02 2005-03-09 2004-03-15 2003-03-26 2002-03-29 2001-03-29 2000-03-29 1999-03-31 1998-03-26 1997-03-31 1996-03-28 1995-03-28 1993-12-31 1992-12-31 1991-12-31 1990-12-31 1989-12-31 1988-12-31 1987-12-31 1986-12-31 1985-12-31
Revenue 26,981 26,981 24,458 22,736 20,720 19,820 17,224 16,652 14,950 14,024 13,211 12,893 12,951 12,261 11,924 11,526 10,550 9,831 10,730 11,177 11,921 11,652 11,761 11,588 10,440 9,869 10,308 9,157 7,190 6,009 4,404 3,937 3,435 3,163 2,937 2,779 2,723 2,428 2,272 2,147 1,804 1,368
Cost of Revenue 11,639 0 13,996 13,099 12,071 11,425 10,129 9,734 8,605 8,085 7,694 7,334 7,515 7,226 7,134 6,969 6,465 0 0 0 7,113 3,811 3,486 9,092 8,166 7,932 8,131 7,259 5,498 5,012 3,549 3,107 2,644 2,451 2,284 2,168 2,091 1,829 1,676 1,527 1,268 1,015
Gross Profit 8,747 0 10,462 9,637 8,649 8,395 7,095 6,918 6,345 5,939 5,517 5,559 5,436 5,035 4,790 4,557 4,085 9,831 10,730 11,177 4,808 7,841 8,275 2,496 2,274 1,937 2,177 1,898 1,692 997 855 830 790.9 712.7 653 611.2 632.3 598.8 596.3 620.3 536 352.2
Operating Expenses 2,524 -6,223 4,645 4,355 4,369 4,083 4,029 4,241 3,584 3,284 3,086 3,140 3,135 2,958 2,961 2,919 3,146 9,053 10,051 10,331 3,860 7,251 7,675 0 0 174 -2 431 272 199 140 135.1 120.6 119.9 112 113.1 105 89.3 80.9 70.1 55.5 38.8
Research & Development 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Selling, General and Administrative 0 0 0 0 0 0 0 9,734 8,605 8,085 7,694 7,334 7,515 7,226 7,134 6,969 6,465 6,182 6,830 10,331 9,392 9,492 6,706 9,048 8,114 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Operating Expenses 2,524 -6,223 4,645 4,355 4,369 4,083 4,029 -5,493 -5,021 -4,801 -4,608 -4,194 -4,380 -4,268 -4,173 -4,050 -3,319 2,871 3,221 0 -5,532 -2,241 969 -9,048 -8,114 174 -2 431 272 199 140 135.1 120.6 119.9 112 113.1 105 89.3 80.9 70.1 55.5 38.8
Operating Income 6,223 6,223 5,817 5,282 4,280 4,312 3,066 2,677 2,761 2,655 2,431 2,419 2,301 2,077 1,829 1,638 939 778 679 846 948 590 600 2,496 2,274 1,763 2,179 1,467 1,420 798 715 694.9 670.3 592.8 541 498.1 527.3 509.5 515.4 550.2 480.5 313.4
Net Non-Operating Interest -912 -912 -617 -500 -454 -442 -508 -485 -279 -228 -184 -150 -144 -149 -157 -171 -213 -224 -173 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 48 48 83 78 15 2 7 39 11 9 5 13 21 18 24 28 20 17 47 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 960 960 700 578 469 444 515 524 290 237 189 163 165 167 181 199 233 241 220 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity & Other Income/(Expense) 228 228 280 244 256 338 235 247 -238 216 233 38 -100 45 24 -63 43 -2 -12 1 271 -19 -198 -161 -141 -173 -224 -217 -115 -83 -47 -45.1 -38.8 -34.2 -21.7 28.7 1.5 7.8 1 17.1 20.9 16.3
Income Before Tax 5,539 5,539 5,480 5,026 4,082 4,208 2,793 2,439 2,244 2,643 2,480 2,307 2,057 1,973 1,696 1,404 769 552 494 847 1,219 571 402 2,335 2,133 1,590 1,955 1,250 1,305 715 668 649.8 631.5 558.6 519.3 526.8 528.8 517.3 516.4 567.3 501.4 329.7
Income Tax Expense 1,305 1,305 1,363 1,224 995 1,034 747 666 574 1,133 685 671 586 594 492 422 204 21 113 295 388 192 240 770 747 599 753 524 509 281 209 246.9 249.5 226.2 215.5 221.3 224.7 222.4 220.1 265.2 258.2 166.8
Income Attributable to Non-Controlling Interest 74 74 57 46 37 31 30 31 20 18 27 37 6 22 28 -11 -290 304 454 -1,923 -159 -25 -214 25 21 17 21 0 0 0 0 0 10.5 0 40.1 0 0 0 0 0 0 0
Net Income 4,160 4,160 4,060 3,756 3,050 3,143 2,016 1,742 1,650 1,492 1,768 1,599 1,465 1,357 1,176 993 855 227 -73 2,475 990 404 376 1,540 1,365 974 1,181 726 796 434 459 402.9 371.5 332.4 263.7 305.5 304.1 294.9 296.3 302.1 243.2 162.9
Depreciation and Amortization 910 910 746 713 719 747 741 647 494 481 438 423 388 358 349 332 357 365 404 442 488 490 456 391 359 520 488 431 272 199 140 135.1 120.6 119.9 112 113.1 105 89.3 80.9 70.1 55.5 38.8
EBITDA 7,133 7,133 6,563 5,995 4,999 5,059 3,807 3,324 3,255 3,136 2,869 2,842 2,689 2,435 2,178 1,970 1,296 1,143 1,083 1,288 1,436 1,080 1,056 2,887 2,633 2,283 2,667 1,898 1,692 997 855 830 790.9 712.7 653 611.2 632.3 598.8 596.3 620.3 536 352.2
Earnings Per Share (EPS) 8.48 8.48 8.25 7.6 6.11 6.2 3.98 3.44 3.26 2.91 3.41 3.01 2.69 2.47 2.16 1.83 1.58 0.46 -0.14 4.59 1.8 0.75 0.33 2.89 2.52 1.77 2.17 1.38 1.55 0.81 1.06 0.92 0.84 0.75 0.61 0.7 0.69 0.68 0.68 0.67 0.55 0.38
Diluted Earnings Per Share 8.43 8.43 8.18 7.53 6.04 6.13 3.94 3.41 3.23 2.87 3.37 2.98 2.65 2.43 2.13 1.8 1.57 0.46 -0.14 4.53 1.78 0.74 0.33 2.81 2.45 1.7 2.08 1.33 1.51 0.8 1.04 0.91 0.84 0.75 0.61 0.7 0.69 0.68 0.68 0.67 0.55 0.38
Weighted Average Shares Outstanding 487 491 492 494 499 507 506 506 506 513 519 531 545 549 544 542 540 522 514 539 549 538 526 533 541 550 544 526 512 490.4 435.1 437.9 441.6 440.3 432.3 439.6 437.6 430.5 432.6 447.6 442.2 434.4
Diluted Weighted Average Shares Outstanding 490 494 496 499 505 513 512 511 511 519 524 536 553 558 552 551 544 524 515 546 557 543 535 548 557 572.9 568 544 528 501.7 441.3 442.7 441.6 440.3 432.3 439.6 437.6 430.5 432.6 447.6 442.2 434.4
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Discounting Cash Flows

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