MRSH vs RYAN
Marsh & Mclennan Companies, Inc. and Ryan Specialty Holdings, Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MRSH | RYAN |
|---|---|---|
| Revenue | $27.0B | $3.1B |
| Net income | $4.2B | $63.4M |
| Gross margin | · | · |
| Net margin | 15.7% | 7.0% |
| Return on equity | 28.8% | 9.9% |
| Diluted EPS | $8.43 | · |
| Dividend / share | $3.43 | · |
| Payout ratio | 40.8% | 98.3% |
| Free cash flow | $5.0B | $640.7M |
| Equity | · | $648.1M |
| Net debt / equity | 1.10× | 4.93× |
| Current ratio | 1.10× | 0.98× |
| Revenue CAGR 5y | 9.4% | 24.5% |
| Profit CAGR 5y | 15.6% | −1.4% |
MRSH bills 8.8× the revenue of RYAN, and keeps more of each dollar of revenue as profit (15.7% against 7.0%).
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.
7 years side by side
| Fiscal year | MRSH | RYAN |
|---|---|---|
| FY2025 | $27.0B | $3.1B |
| FY2024 | $24.5B | $2.5B |
| FY2023 | $22.7B | $2.1B |
| FY2022 | $20.7B | $1.7B |
| FY2021 | $19.8B | $1.4B |
| FY2020 | $17.2B | $1.0B |
| FY2019 | $16.7B | $765.1M |
Bottom line
| Fiscal year | MRSH | RYAN |
|---|---|---|
| FY2025 | $4.2B | $63.4M |
| FY2024 | $4.1B | $94.7M |
| FY2023 | $3.8B | $61.0M |
| FY2022 | $3.0B | $61.1M |
| FY2021 | $3.1B | $65.9M |
| FY2020 | $2.0B | $68.1M |
| FY2019 | $1.7B | $64.2M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$23,929,874,000 | MRSH |
| FY2024 | +$21,942,290,000 | MRSH |
| FY2023 | +$20,658,451,000 | MRSH |
| FY2022 | +$18,994,807,000 | MRSH |
| FY2021 | +$18,387,229,000 | MRSH |
| FY2020 | +$16,205,726,000 | MRSH |
| FY2019 | +$15,886,889,000 | MRSH |
MRSH has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +8.7 pp | MRSH |
| FY2024 | +7.7 pp | MRSH |
| FY2023 | +7.4 pp | MRSH |
| FY2022 | +5.4 pp | MRSH |
| FY2021 | +12.1 pp | MRSH |
| FY2020 | +5.0 pp | MRSH |
| FY2019 | +2.4 pp | MRSH |
MRSH has kept the higher net margin in every one of these 7 fiscal years.
7 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 RYAN's over the 7 comparable fiscal years — 2.3 percentage points of standard deviation against 1.8.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MRSH led in net margin in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RYAN's return on equity has been more volatile than MRSH's over the 4 comparable fiscal years — 2.2 percentage points of standard deviation against 1.9.
4 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MRSH led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 19 comparable fiscal years — a year missing data on either side is not counted.