AJG vs MRSH
Arthur J. Gallagher & Co. and Marsh & Mclennan Companies, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AJG | MRSH |
|---|---|---|
| Revenue | $13.9B | $27.0B |
| Net income | $1.5B | $4.2B |
| Gross margin | · | · |
| Net margin | 10.8% | 15.7% |
| Return on equity | 6.9% | 28.8% |
| Diluted EPS | $5.74 | $8.43 |
| Dividend / share | $2.60 | $3.43 |
| Payout ratio | 44.6% | 40.8% |
| Free cash flow | · | $5.0B |
| Equity | $23.3B | · |
| Net debt / equity | 0.49× | 1.10× |
| Current ratio | 1.06× | 1.10× |
| Revenue CAGR 5y | 14.8% | 9.4% |
| Profit CAGR 5y | 12.8% | 15.6% |
MRSH bills 1.9× the revenue of AJG, and keeps more of each dollar of revenue as profit (15.7% against 10.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AJG | MRSH |
|---|---|---|
| FY2025 | $13.9B | $27.0B |
| FY2024 | $11.6B | $24.5B |
| FY2023 | $10.1B | $22.7B |
| FY2022 | $8.6B | $20.7B |
| FY2021 | $8.2B | $19.8B |
| FY2020 | $7.0B | $17.2B |
| FY2019 | $7.2B | $16.7B |
| FY2018 | $6.9B | $14.9B |
| FY2017 | $6.2B | $14.0B |
| FY2016 | $5.7B | $13.2B |
Bottom line
| Fiscal year | AJG | MRSH |
|---|---|---|
| FY2025 | $1.5B | $4.2B |
| FY2024 | $1.5B | $4.1B |
| FY2023 | $970.0M | $3.8B |
| FY2022 | $1.1B | $3.0B |
| FY2021 | $906.8M | $3.1B |
| FY2020 | $818.8M | $2.0B |
| FY2019 | $668.8M | $1.7B |
| FY2018 | $633.5M | $1.6B |
| FY2017 | $481.3M | $1.5B |
| FY2016 | $396.8M | $1.8B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$13,039,000,000 | MRSH |
| FY2024 | −$12,903,000,000 | MRSH |
| FY2023 | −$12,664,000,000 | MRSH |
| FY2022 | −$12,169,400,000 | MRSH |
| FY2021 | −$11,610,600,000 | MRSH |
| FY2020 | −$10,220,400,000 | MRSH |
| FY2019 | −$9,457,000,000 | MRSH |
| FY2018 | −$8,016,000,000 | MRSH |
| FY2017 | −$7,775,000,000 | MRSH |
| FY2016 | −$7,530,500,000 | MRSH |
| FY2015 | −$7,500,600,000 | MRSH |
| FY2014 | −$8,324,500,000 | MRSH |
| FY2013 | −$9,081,400,000 | MRSH |
| FY2012 | −$9,403,700,000 | MRSH |
| FY2011 | −$9,391,300,000 | MRSH |
| FY2010 | −$8,685,800,000 | MRSH |
| FY2009 | −$8,101,700,000 | MRSH |
| FY2008 | −$9,085,000,000 | MRSH |
MRSH has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −4.9 pp | MRSH |
| FY2024 | −4.1 pp | MRSH |
| FY2023 | −7.1 pp | MRSH |
| FY2022 | −1.8 pp | MRSH |
| FY2021 | −4.4 pp | MRSH |
| FY2020 | +0.4 pp | AJG |
| FY2019 | −0.7 pp | MRSH |
| FY2018 | −1.4 pp | MRSH |
| FY2017 | −2.5 pp | MRSH |
| FY2016 | −6.0 pp | MRSH |
| FY2015 | −5.5 pp | MRSH |
| FY2014 | −4.5 pp | MRSH |
| FY2013 | −2.3 pp | MRSH |
| FY2012 | −2.3 pp | MRSH |
| FY2011 | −2.1 pp | MRSH |
| FY2010 | +1.1 pp | AJG |
| FY2009 | +5.0 pp | AJG |
| FY2008 | +5.3 pp | AJG |
The higher net margin has changed hands between AJG and MRSH over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MRSH's net margin has been more volatile than AJG's over the 18 comparable fiscal years — 4.5 percentage points of standard deviation against 2.2.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AJG and MRSH over these 18 fiscal years — AJG led in 4 and MRSH in 14.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MRSH's return on equity has been more volatile than AJG's over the 18 comparable fiscal years — 8.7 percentage points of standard deviation against 2.5.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AJG and MRSH over these 18 fiscal years — AJG led in 3 and MRSH in 15.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.