BRO vs. MRSH: Brown & Brown vs. Marsh & McLennan Stock Comparison
How do Brown & Brown (BRO) and Marsh & McLennan (MRSH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Brown & Brown (BRO) and Marsh & McLennan (MRSH) are both classified in the Insurance Brokers sub-industry within the broader Insurance industry, placing them in the closest GICS peer bucket.
| Profile Item | BRO | MRSH |
|---|---|---|
| Name | Brown & Brown Inc. | Marsh & McLennan Companies, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Insurance Brokers | Insurance Brokers |
| Market Capitalization | 23.92 billion USD | 97.39 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 11, 1981 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BRO | MRSH |
|---|---|---|
| Total Return (1Y) | -8.59% | 16.87% |
| Total Return (3Y, Annualized) | 0.40% | 3.11% |
| Total Return (5Y, Annualized) | 3.19% | 6.23% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BRO | MRSH |
|---|---|---|
| Volatility (1Y, Annualized) | 32.50% | 26.15% |
| Beta (5Y) | 0.51 | 0.51 |
| Max Drawdown (5Y) | -55.85% | -34.36% |
| Avg. Volume (3M) | 2.25M | 2.43M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BRO | MRSH |
|---|---|---|
| Sharpe Ratio (1Y) | -0.40 | 0.48 |
| Sortino Ratio (1Y) | -0.57 | 0.74 |
Profitability
ROE (TTM)
Marsh & McLennan (MRSH) at 27.24% sits in the top ROE quartile, while Brown & Brown (BRO) at 9.80% is closer to the peer norm — stronger capital efficiency for MRSH.
BRO
Insurance industry group
9.80%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- BRO
- 9.80%
- Q1
- 8.79%
- Min
- -10.66%
MRSH
Insurance industry group
27.24%
- Max
- 41.68%
- MRSH
- 27.24%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Brown & Brown (BRO) at 17.88% retains a top-quartile share of revenue as profit, ahead of Marsh & McLennan (MRSH) at 14.20%, which keeps about the industry-typical share.
BRO
Insurance industry group
17.88%
- Max
- 29.92%
- BRO
- 17.88%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
MRSH
Insurance industry group
14.20%
- Max
- 29.92%
- Q3
- 17.03%
- MRSH
- 14.20%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Brown & Brown (BRO) in Insurance and Marsh & McLennan (MRSH) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | BRO | MRSH |
|---|---|---|
| ROE (TTM) | 9.80% | 27.24% |
| ROA (TTM) | 3.89% | 7.35% |
| Net Margin (TTM) | 17.88% | 14.20% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Brown & Brown (BRO) at 22.49% sits in the top revenue growth quartile, while Marsh & McLennan (MRSH) at 10.32% is closer to the peer norm — faster top-line expansion for BRO.
EPS Growth
Both Brown & Brown (BRO) at -8.67% and Marsh & McLennan (MRSH) at 3.06% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | BRO | MRSH |
|---|---|---|
| Revenue Growth (YoY) | 22.49% | 10.32% |
| Revenue Growth (3Y CAGR) | 17.38% | 9.20% |
| EPS Growth (YoY) | -8.67% | 3.06% |
| EPS Growth (3Y CAGR) | 10.06% | 11.75% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Brown & Brown (BRO) in Insurance and Marsh & McLennan (MRSH) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Brown & Brown (BRO) in Insurance and Marsh & McLennan (MRSH) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | BRO | MRSH |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Brown & Brown (BRO) at 0.89% and Marsh & McLennan (MRSH) at 1.80% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
BRO
Insurance industry group
0.89%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- BRO
- 0.89%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
1.80%
- Max
- 5.12%
- Q3
- 2.15%
- MRSH
- 1.80%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Brown & Brown (BRO) at 20.89% pays out a band-typical share of earnings, while Marsh & McLennan (MRSH) at 44.14% distributes more than its industry norm — less retained, thinner cover.
BRO
Insurance industry group
20.89%
- Max
- 76.67%
- Q3
- 35.18%
- BRO
- 20.89%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
44.14%
- Max
- 76.67%
- MRSH
- 44.14%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BRO | MRSH |
|---|---|---|
| Dividend Yield (TTM) | 0.89% | 1.80% |
| Dividend Payout Ratio (TTM) | 20.89% | 44.14% |
Valuation
P/E Ratio (TTM)
Both Brown & Brown (BRO) at 22.82 and Marsh & McLennan (MRSH) at 24.50 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
BRO
Insurance industry group
22.82
- Max
- 28.37
- BRO
- 22.82
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
MRSH
Insurance industry group
24.50
- Max
- 28.37
- MRSH
- 24.50
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
Both Brown & Brown (BRO) at 3.51 and Marsh & McLennan (MRSH) at 3.42 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
BRO
Insurance industry group
3.51
- Max
- 4.03
- BRO
- 3.51
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
MRSH
Insurance industry group
3.42
- Max
- 4.03
- MRSH
- 3.42
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
Brown & Brown (BRO) at 1.87 sits near its industry’s typical P/B ratio, while Marsh & McLennan (MRSH) at 6.64 prices above its benchmark range — MRSH looks rich relative to book.
BRO
Insurance industry group
1.87
- Max
- 5.07
- Q3
- 2.79
- BRO
- 1.87
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
MRSH
Insurance industry group
6.64
- MRSH
- 6.64
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | BRO | MRSH |
|---|---|---|
| P/E Ratio (TTM) | 22.82 | 24.50 |
| P/S Ratio (TTM) | 3.51 | 3.42 |
| P/B Ratio (MRQ) | 1.87 | 6.64 |
| Free Cash Flow Yield (TTM) | -- | -- |