Arthur J. Gallagher & vs Marsh McLennan
Marsh McLennan is the larger business, with $26.98bn of revenue in fiscal 2025 against $13.94bn for Arthur J. Gallagher & (1.9 times as much). Arthur J. Gallagher & grew faster (20.7% against 10.3%). Marsh McLennan kept more of each dollar of sales as profit: a net margin of 15.4% against 10.7%. Arthur J. Gallagher & carries less debt relative to equity (57.9% against 127.9%).
| Latest fiscal year | Arthur J. Gallagher &AJG, 2025 | Marsh McLennanMRSH, 2025 |
|---|---|---|
| Revenue | $13.94bn | $26.98bn |
| Revenue growth | 20.7% | 10.3% |
| Net income | $1.49bn | $4.16bn |
| Operating margin | — | 23.1% |
| Net margin | 10.7% | 15.4% |
| Return on equity | 6.9% | 28.8% |
| Free cash flow | $1.78bn | $5.00bn |
| Cash | $1.40bn | $2.69bn |
| Total debt | $13.51bn | $19.59bn |
| Debt to equity | 57.9% | 127.9% |
| Dividend per share | $2.60 | $3.43 |
| Dividend yield | 1.0% | 1.8% |
| Share buybacks | — | $2.01bn |
| Employees | 72,000 | 95,000 |
| Market value | $70.00bn | $96.62bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 55 (Moderate) | 77 (Strong) |
| Insider trades, 12 months | 4 buys, 13 sales | 0 buys, 13 sales |