Marsh & Mclennan Companies annual debt-to-ebitda ratio
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2025
Marsh & Mclennan Companies Debt-to-EBITDA Ratio Growth & History (MRSH)
Marsh & Mclennan Companies's debt-to-ebitda ratio was 3.26 for fiscal 2025.
View full Marsh & Mclennan Companies company overviewMarsh & Mclennan Companies annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.26 | −0.28 | −7.82% |
| 2024 | 2024-12-31 | 3.53 | 0.80 | +29.40% |
| 2023 | 2023-12-31 | 2.73 | −0.16 | −5.51% |
| 2022 | 2022-12-31 | 2.89 | 0.29 | +11.10% |
| 2021 | 2021-12-31 | 2.60 | −0.97 | −27.06% |
| 2020 | 2020-12-31 | 3.57 | −0.71 | −16.65% |
| 2019 | 2019-12-31 | 4.28 | 2.49 | +139.16% |
| 2018 | 2018-12-31 | 1.79 | 0.04 | +2.26% |
| 2017 | 2017-12-31 | 1.75 | 0.09 | +5.53% |
| 2016 | 2016-12-31 | 1.66 | 0.10 | +6.76% |
| 2015 | 2015-12-31 | 1.55 | 0.30 | +23.60% |
| 2014 | 2014-12-31 | 1.26 | 0.04 | +3.55% |
| 2013 | 2013-12-31 | 1.21 | −0.13 | −9.42% |
| 2012 | 2012-12-31 | 1.34 | −0.15 | −9.86% |
| 2011 | 2011-12-31 | 1.49 | −0.85 | −36.51% |
| 2010 | 2010-12-31 | 2.34 | −0.80 | −25.51% |
| 2009 | 2009-12-31 | 3.14 | −0.18 | −5.51% |
| 2008 | 2008-12-31 | 3.33 | — | — |
Marsh & Mclennan Companies quarterly debt-to-ebitda ratio
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| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-09-30 | 3.46 | 0.17 | +5.25% |
| Q2 2026 | 2026-06-30 | 3.50 | 0.14 | +4.27% |
| Q1 2026 | 2026-03-31 | 3.54 | −0.04 | −1.11% |
| Q4 2025 | 2025-12-31 | 3.26 | −0.28 | −7.82% |
| Q3 2025 | 2025-09-30 | 3.29 | 0.79 | +31.34% |
| Q2 2025 | 2025-06-30 | 3.35 | 0.73 | +27.60% |
| Q1 2025 | 2025-03-31 | 3.58 | 0.92 | +34.73% |
| Q4 2024 | 2024-12-31 | 3.53 | 0.80 | +29.40% |
| Q3 2024 | 2024-09-30 | 2.51 | −0.46 | −15.63% |
| Q2 2024 | 2024-06-30 | 2.63 | −0.28 | −9.60% |
| Q1 2024 | 2024-03-31 | 2.66 | −0.38 | −12.44% |
| Q4 2023 | 2023-12-31 | 2.73 | −0.16 | −5.51% |
| Q3 2023 | 2023-09-30 | 2.97 | 0.46 | +18.09% |
| Q2 2023 | 2023-06-30 | 2.91 | 0.26 | +9.84% |
| Q1 2023 | 2023-03-31 | 3.04 | 0.33 | +12.06% |
| Q4 2022 | 2022-12-31 | 2.89 | 0.29 | +11.10% |
| Q3 2022 | 2022-09-30 | 2.52 | −0.32 | −11.38% |
| Q2 2022 | 2022-06-30 | 2.65 | −0.35 | −11.58% |
| Q1 2022 | 2022-03-31 | 2.71 | −0.56 | −17.17% |
| Q4 2021 | 2021-12-31 | 2.60 | −0.97 | −27.06% |
| Q3 2021 | 2021-09-30 | 2.84 | −1.02 | −26.37% |
| Q2 2021 | 2021-06-30 | 2.99 | −1.07 | −26.35% |
| Q1 2021 | 2021-03-31 | 3.27 | −1.24 | −27.54% |
| Q4 2020 | 2020-12-31 | 3.57 | −0.71 | −16.65% |
| Q3 2020 | 2020-09-30 | 3.86 | −0.64 | −14.19% |
| Q2 2020 | 2020-06-30 | 4.06 | −0.57 | −12.25% |
| Q1 2020 | 2020-03-31 | 4.52 | 0.20 | +4.73% |
| Q4 2019 | 2019-12-31 | 4.28 | 2.49 | +139.16% |
| Q3 2019 | 2019-09-30 | 4.49 | 2.66 | +144.49% |
| Q2 2019 | 2019-06-30 | 4.63 | 2.79 | +151.11% |
| Q1 2019 | 2019-03-31 | 4.31 | 2.47 | +134.15% |
| Q4 2018 | 2018-12-31 | 1.79 | 0.04 | +2.26% |
| Q3 2018 | 2018-09-30 | 1.84 | −0.09 | −4.61% |
| Q2 2018 | 2018-06-30 | 1.84 | −0.07 | −3.46% |
| Q1 2018 | 2018-03-31 | 1.84 | −0.14 | −7.16% |
| Q4 2017 | 2017-12-31 | 1.75 | 0.09 | +5.53% |
| Q3 2017 | 2017-09-30 | 1.93 | 0.38 | +24.18% |
| Q2 2017 | 2017-06-30 | 1.91 | 0.30 | +18.60% |
| Q1 2017 | 2017-03-31 | 1.98 | 0.31 | +18.75% |
| Q4 2016 | 2016-12-31 | 1.66 | 0.10 | +6.76% |
| Q3 2016 | 2016-09-30 | 1.55 | −0.07 | −4.10% |
| Q2 2016 | 2016-06-30 | 1.61 | 0.20 | +13.79% |
| Q1 2016 | 2016-03-31 | 1.67 | 0.26 | +18.34% |
| Q4 2015 | 2015-12-31 | 1.55 | 0.30 | +23.60% |
| Q3 2015 | 2015-09-30 | 1.62 | 0.09 | +6.06% |
| Q2 2015 | 2015-06-30 | 1.42 | 0.04 | +3.19% |
| Q1 2015 | 2015-03-31 | 1.41 | 0.24 | +20.11% |
| Q4 2014 | 2014-12-31 | 1.26 | 0.04 | +3.55% |
| Q3 2014 | 2014-09-30 | 1.53 | 0.16 | +12.04% |
| Q2 2014 | 2014-06-30 | 1.37 | 0.21 | +17.63% |
| Q1 2014 | 2014-03-31 | 1.18 | −0.03 | −2.09% |
| Q4 2013 | 2013-12-31 | 1.21 | −0.13 | −9.42% |
| Q3 2013 | 2013-09-30 | 1.36 | 0.00 | +0.27% |
| Q2 2013 | 2013-06-30 | 1.17 | −0.24 | −17.01% |
| Q1 2013 | 2013-03-31 | 1.20 | −0.24 | −16.85% |
| Q4 2012 | 2012-12-31 | 1.34 | −0.15 | −9.86% |
| Q3 2012 | 2012-09-30 | 1.36 | −0.18 | −11.73% |
| Q2 2012 | 2012-06-30 | 1.40 | −0.25 | −15.10% |
| Q1 2012 | 2012-03-31 | 1.44 | −0.84 | −36.73% |
| Q4 2011 | 2011-12-31 | 1.49 | −0.85 | −36.51% |
| Q3 2011 | 2011-09-30 | 1.54 | −1.69 | −52.34% |
| Q2 2011 | 2011-06-30 | 1.65 | −2.30 | −58.17% |
| Q1 2011 | 2011-03-31 | 2.28 | −0.59 | −20.50% |
| Q4 2010 | 2010-12-31 | 2.34 | −0.80 | −25.51% |
| Q3 2010 | 2010-09-30 | 3.23 | — | — |
| Q2 2010 | 2010-06-30 | 3.96 | — | — |
| Q1 2010 | 2010-03-31 | 2.87 | — | — |
| Q4 2009 | 2009-12-31 | 3.14 | — | — |
Marsh & Mclennan Companies debt-to-ebitda ratio trends
Over the last five fiscal years, Marsh & Mclennan Companies's debt-to-ebitda ratio decreased from 3.57 to 3.26, a change of −0.31. The latest reported quarter, Q3 2026, shows 3.46.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Marsh & Mclennan Companies source filings ↗Community posts
Marsh prices €1.2 billion of bonds across six- and ten-year maturities
Marsh ($MRSH) priced a €1.2 billion senior-note offering in two equal tranches. One €600 million issue carries a 4.250% coupon and matures in 2032; the other pays 4.625% and matures in 2036. The company expects the offering to close on Octo ...
