Aon (AON) vs. Marsh & McLennan Companies (MRSH)
This page compares Aon (AON) with Marsh & McLennan Companies (MRSH) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.
Company Profile
Aon (AON) and Marsh & McLennan Companies (MRSH) are both classified in the Insurance Brokers sub-industry within the broader Insurance industry, placing them in the closest GICS peer bucket.
| Symbol | AON | MRSH |
|---|---|---|
| Name | Aon plc | Marsh & McLennan Companies, Inc. |
| Country/Region | Ireland | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Insurance Brokers | Insurance Brokers |
| Market Capitalization | 68.82 billion USD | 77.69 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 2, 1980 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Valuation
Price-to-Earnings Ratio (TTM)
Both Aon (AON) at 17.70 and Marsh & McLennan Companies (MRSH) at 20.16 trade in the higher-multiple quartile for Price-to-Earnings Ratio (TTM) among industry peers, indicating higher trailing earnings multiples than typical peers.
AON
Insurance industry group
17.70
- Max
- 23.34
- Q3
- 16.14
- Median
- 11.54
- Q1
- 8.46
- Min
- 3.25
MRSH
Insurance industry group
20.16
- Max
- 23.34
- Q3
- 16.14
- Median
- 11.54
- Q1
- 8.46
- Min
- 3.25
Price-to-Sales Ratio (TTM)
Both Aon (AON) at 3.94 and Marsh & McLennan Companies (MRSH) at 2.82 command a richer price per dollar of sales than most peers, sitting in the upper Price-to-Sales Ratio (TTM) quartile of their industries.
AON
Insurance industry group
3.94
- Max
- 3.94
- Q3
- 2.05
- Median
- 1.16
- Q1
- 0.76
- Min
- 0.13
MRSH
Insurance industry group
2.82
- Max
- 3.94
- Q3
- 2.05
- Median
- 1.16
- Q1
- 0.76
- Min
- 0.13
Price-to-Book Ratio (MRQ)
Measured against book value, both Aon (AON) at 7.00 and Marsh & McLennan Companies (MRSH) at 5.34 look expensive — each Price-to-Book Ratio (MRQ) sits above its industry’s benchmark range.
AON
Insurance industry group
7.00
- Max
- 3.56
- Q3
- 2.24
- Median
- 1.59
- Q1
- 1.07
- Min
- 0.03
MRSH
Insurance industry group
5.34
- Max
- 3.56
- Q3
- 2.24
- Median
- 1.59
- Q1
- 1.07
- Min
- 0.03
Valuation at a Glance
| Symbol | AON | MRSH |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 17.70 | 20.16 |
| Price-to-Sales Ratio (TTM) | 3.94 | 2.82 |
| Price-to-Book Ratio (MRQ) | 7.00 | 5.34 |
| Free Cash Flow Yield | 4.86% | 6.39% |
Profitability
Return on Equity (TTM)
Aon (AON) leads with Return on Equity (TTM) of 46.45%, above its industry benchmark range, while Marsh & McLennan Companies (MRSH) at 27.57% also ranks strongly in the top quartile.
AON
Insurance industry group
46.45%
- Max
- 38.88%
- Q3
- 22.58%
- Median
- 14.60%
- Q1
- 9.87%
- Min
- -6.23%
MRSH
Insurance industry group
27.57%
- Max
- 38.88%
- Q3
- 22.58%
- Median
- 14.60%
- Q1
- 9.87%
- Min
- -6.23%
Net Profit Margin (TTM)
Aon (AON) at 22.54% retains a top-quartile share of revenue as profit, ahead of Marsh & McLennan Companies (MRSH) at 14.26%, which keeps about the industry-typical share.
AON
Insurance industry group
22.54%
- Max
- 38.86%
- Q3
- 19.38%
- Median
- 11.36%
- Q1
- 5.57%
- Min
- -2.80%
MRSH
Insurance industry group
14.26%
- Max
- 38.86%
- Q3
- 19.38%
- Median
- 11.36%
- Q1
- 5.57%
- Min
- -2.80%
Operating Profit Margin (TTM)
Operating Profit Margin (TTM) isn’t a meaningful figure for either Aon (AON) in Insurance or Marsh & McLennan Companies (MRSH) in Insurance under our convention.
AON
Insurance industry group
35.84%
- Max
- 47.18%
- Q3
- 23.07%
- Median
- 15.52%
- Q1
- 6.90%
- Min
- -16.30%
MRSH
Insurance industry group
24.34%
- Max
- 47.18%
- Q3
- 23.07%
- Median
- 15.52%
- Q1
- 6.90%
- Min
- -16.30%
Profitability at a Glance
| Symbol | AON | MRSH |
|---|---|---|
| Return on Equity (TTM) | 46.45% | 27.57% |
| Return on Assets (TTM) | 6.05% | 7.27% |
| Net Profit Margin (TTM) | 22.54% | 14.26% |
| Operating Profit Margin (TTM) | 35.84% | 24.34% |
| Gross Profit Margin (TTM) | 47.34% | 43.85% |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | AON | MRSH |
|---|---|---|
| 1-Year Revenue Growth | 9.45% | 10.32% |
| 3-Year Revenue CAGR | 11.25% | 9.20% |
EPS Growth
EPS Growth at a Glance
| Symbol | AON | MRSH |
|---|---|---|
| 1-Year EPS Growth | 36.27% | 3.06% |
| 3-Year EPS CAGR | 11.92% | 11.75% |
Financial Strength
Current Ratio (MRQ)
Current Ratio (MRQ) isn’t a meaningful figure for either Aon (AON) in Insurance or Marsh & McLennan Companies (MRSH) in Insurance under our convention.
AON
Insurance industry group
1.07
- Max
- 3.60
- Q3
- 1.88
- Median
- 1.13
- Q1
- 0.67
- Min
- 0.12
MRSH
Insurance industry group
1.11
- Max
- 3.60
- Q3
- 1.88
- Median
- 1.13
- Q1
- 0.67
- Min
- 0.12
Debt-to-Equity Ratio (MRQ)
Debt-to-Equity Ratio (MRQ) isn’t a meaningful figure for either Aon (AON) in Insurance or Marsh & McLennan Companies (MRSH) in Insurance under our convention.
AON
Insurance industry group
1.55
- Max
- 0.86
- Q3
- 0.48
- Median
- 0.31
- Q1
- 0.15
- Min
- 0.00
MRSH
Insurance industry group
1.52
- Max
- 0.86
- Q3
- 0.48
- Median
- 0.31
- Q1
- 0.15
- Min
- 0.00
Financial Strength at a Glance
| Symbol | AON | MRSH |
|---|---|---|
| Current Ratio (MRQ) | 1.07 | 1.11 |
| Debt-to-Equity Ratio (MRQ) | 1.55 | 1.52 |
| Net Debt / EBITDA | 2.44 | 2.73 |
Dividends
Dividend Yield (TTM)
Both Aon (AON) at 1.02% and Marsh & McLennan Companies (MRSH) at 2.23% report Dividend Yield (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on cash yield relative to share price.
AON
Insurance industry group
1.02%
- Max
- 5.63%
- Q3
- 2.79%
- Median
- 1.51%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
2.23%
- Max
- 5.63%
- Q3
- 2.79%
- Median
- 1.51%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Aon (AON) at 16.36% maintains Dividend Payout Ratio (TTM) around its industry median — a balanced dividend policy. Marsh & McLennan Companies (MRSH) at 43.94% sits outside the typical mid-range, leaning toward more retention or more distribution than the industry median.
AON
Insurance industry group
16.36%
- Max
- 86.52%
- Q3
- 36.67%
- Median
- 15.38%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
43.94%
- Max
- 86.52%
- Q3
- 36.67%
- Median
- 15.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividends at a Glance
| Symbol | AON | MRSH |
|---|---|---|
| Dividend Yield (TTM) | 1.02% | 2.23% |
| Dividend Payout Ratio (TTM) | 16.36% | 43.94% |
Performance & Risk
Performance & Risk at a Glance
| Symbol | AON | MRSH |
|---|---|---|
| 1-Year Return | -13.11% | -29.26% |
| 1-Year Volatility | 23.85% | 23.52% |
| Beta | 0.72 | 0.62 |
| 3-Month Avg. Volume | 1.41M | 3.02M |