Marsh & McLennan Companies, Inc. (MMC) Stock Analysis
Over the past 10 years, Marsh & McLennan Companies (MMC) earnings per share (EPS) grew 10.9% a year, revenue grew 7.7% a year and free cash flow grew 12.3% a year, with an average return on invested capital (ROIC) of 11.0%. MMC stock trades at $182.70, a P/E of 21.8, below its historical average of 25.5. Analysts' average 12-month price target is $199.40 (+9.1%).
Marsh & McLennan Companies (MMC) operates as a leading global professional services organization, delivering expert guidance and innovative solutions to clients worldwide across the critical domains of risk, strategic planning, and human capital.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 9.8% | 11.6% | 1.5% | C+ |
| EPS GrowthEPS | 10.9% | 16.3% | -6.7% | C+ |
| Revenue GrowthRevenue | 7.7% | 9.4% | 7.6% | B |
| Cash Flow GrowthCash Flow | 12.3% | 10.5% | -13.9% | C- |
| ROICROIC | 11.0% | 12.1% | 12.1% | B+ |
Exhibit B Valuation Ledger
- Current EPS
- $8.39
- Historical Avg P/E
- 25.5
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
No card required. $5/month after the trial if you keep going.
Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $12.15 | $11.82 | $14.18 | $14.70 | $15.25 | $17.78 | $21.46 | $20.83 | $24.43 | $26.90 | $30.82 | $31.13 | |
| Basic EPSEPS | $3.01 | $3.41 | $2.91 | $3.26 | $3.44 | $3.98 | $6.20 | $6.11 | $7.60 | $8.25 | $8.48 | $8.39 | |
| RevenueRevenue | $12,893,000,000 | $13,211,000,000 | $14,024,000,000 | $14,950,000,000 | $16,652,000,000 | $17,224,000,000 | $19,820,000,000 | $20,720,000,000 | $22,736,000,000 | $24,458,000,000 | $26,981,000,000 | $28,459,000,000 | |
| Free Cash FlowCash Flow | $1,563,000,000 | $1,754,000,000 | $1,591,000,000 | $2,114,000,000 | $1,940,000,000 | $3,034,000,000 | $3,110,000,000 | $2,995,000,000 | $3,842,000,000 | $3,986,000,000 | $5,001,000,000 | $4,154,000,000 | |
| ROIC (%)ROIC | 11.8% | 12.2% | 9.2% | 12.1% | 7.4% | 8.2% | 11.6% | 12.1% | 13.2% | 11.6% | 12.1% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
26 firms rate it — 8 buy, 17 hold, 1 sell · Most recent Jan 2026
MMC Stock FAQ
What is MMC's stock price target?
The average 12-month analyst price target for MMC is $199.40, with a range of $135.00 to $257.00. That is +9.1% from the current price of $182.70.
Do analysts rate MMC a buy?
Opinion is mixed. Of 26 firms covering Marsh & McLennan Companies, the ratings are 8 buy or strong buy, 17 hold and 1 sell or strong sell.
How fast is Marsh & McLennan Companies growing?
Annual growth rates for MMC. EPS: 10.9% over 10 years, 16.3% over 5 years, -6.7% over 1 year. Revenue: 7.7% over 10 years, 9.4% over 5 years, 7.6% over 1 year. Free cash flow: 12.3% over 10 years, 10.5% over 5 years, -13.9% over 1 year. Book value per share: 9.8% over 10 years, 11.6% over 5 years, 1.5% over 1 year.
What is MMC's ROIC?
Marsh & McLennan Companies' return on invested capital (ROIC) was 12.1% in fiscal 2025. Its 10-year average ROIC is 11.0%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is MMC's P/E ratio?
MMC's current P/E ratio is 21.8, compared with a historical average of 25.5. Trailing earnings per share are $8.39.
What is Marsh & McLennan Companies' market cap and stock price?
MMC last traded at $182.70 as of October 19, 2026. Its 52-week range is $174.18 to $248.00. Marsh & McLennan Companies has a market cap of $89.82B.
Exhibit D Related Coverage
Similar Stocks
Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.