LNC vs. MRSH: Lincoln National vs. Marsh & McLennan Companies Stock Comparison
This page compares Lincoln National (LNC) with Marsh & McLennan Companies (MRSH) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| 1-Year Return | 18.10% | -21.64% |
Risk
Drawdown
Risk at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| 1-Year Volatility | 33.46% | 23.49% |
| Beta | 1.17 | 0.60 |
| 3-Month Avg. Volume | 1.93M | 2.99M |
Company Profile
Lincoln National (LNC) and Marsh & McLennan Companies (MRSH) both belong to the Insurance industry, though LNC is classified under Life & Health Insurance while MRSH falls under Insurance Brokers.
| Profile Item | LNC | MRSH |
|---|---|---|
| Name | Lincoln National Corporation | 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 | Life & Health Insurance | Insurance Brokers |
| Market Capitalization | 7.13 billion USD | 81.27 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Valuation
Price-to-Earnings Ratio (TTM)
Lincoln National (LNC) at 4.08 sits in the cheaper P/E ratio quartile, while Marsh & McLennan Companies (MRSH) at 21.09 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
LNC
Insurance industry group
4.08
- Max
- 25.24
- Q3
- 16.46
- Median
- 12.28
- Q1
- 8.66
- LNC
- 4.08
- Min
- 3.44
MRSH
Insurance industry group
21.09
- Max
- 25.24
- MRSH
- 21.09
- Q3
- 16.46
- Median
- 12.28
- Q1
- 8.66
- Min
- 3.44
Price-to-Sales Ratio (TTM)
Lincoln National (LNC) at 0.38 looks cheap on sales in the lower P/S ratio quartile, while Marsh & McLennan Companies (MRSH) at 2.95 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
LNC
Insurance industry group
0.38
- Max
- 3.96
- Q3
- 2.13
- Median
- 1.17
- Q1
- 0.82
- LNC
- 0.38
- Min
- 0.13
MRSH
Insurance industry group
2.95
- Max
- 3.96
- MRSH
- 2.95
- Q3
- 2.13
- Median
- 1.17
- Q1
- 0.82
- Min
- 0.13
Price-to-Book Ratio (MRQ)
Lincoln National (LNC) at 0.77 sits in the lower P/B ratio quartile relative to book while Marsh & McLennan Companies (MRSH) at 5.58 prices above its industry range — a wide valuation gap against assets.
LNC
Insurance industry group
0.77
- Max
- 3.70
- Q3
- 2.21
- Median
- 1.61
- Q1
- 1.12
- LNC
- 0.77
- Min
- -0.14
MRSH
Insurance industry group
5.58
- MRSH
- 5.58
- Max
- 3.70
- Q3
- 2.21
- Median
- 1.61
- Q1
- 1.12
- Min
- -0.14
Valuation at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 4.08 | 21.09 |
| Price-to-Sales Ratio (TTM) | 0.38 | 2.95 |
| Price-to-Book Ratio (MRQ) | 0.77 | 5.58 |
| Free Cash Flow Yield | -- | -- |
Profitability
Return on Equity (TTM)
Marsh & McLennan Companies (MRSH) at 27.57% sits in the top ROE quartile, while Lincoln National (LNC) at 18.77% is closer to the peer norm — stronger capital efficiency for MRSH.
LNC
Insurance industry group
18.77%
- Max
- 38.88%
- Q3
- 22.34%
- LNC
- 18.77%
- Median
- 14.13%
- Q1
- 9.51%
- Min
- -6.23%
MRSH
Insurance industry group
27.57%
- Max
- 38.88%
- MRSH
- 27.57%
- Q3
- 22.34%
- Median
- 14.13%
- Q1
- 9.51%
- Min
- -6.23%
Net Profit Margin (TTM)
Both Lincoln National (LNC) at 9.17% and Marsh & McLennan Companies (MRSH) at 14.26% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
LNC
Insurance industry group
9.17%
- Max
- 38.86%
- Q3
- 19.36%
- Median
- 11.07%
- LNC
- 9.17%
- Q1
- 5.09%
- Min
- -2.80%
MRSH
Insurance industry group
14.26%
- Max
- 38.86%
- Q3
- 19.36%
- MRSH
- 14.26%
- Median
- 11.07%
- Q1
- 5.09%
- Min
- -2.80%
Operating Profit Margin (TTM)
Neither side reports a meaningful operating margin: for Lincoln National (LNC) in Insurance and Marsh & McLennan Companies (MRSH) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| Return on Equity (TTM) | 18.77% | 27.57% |
| Return on Assets (TTM) | 0.28% | 7.27% |
| Net Profit Margin (TTM) | 9.17% | 14.26% |
| Operating Profit Margin (TTM) | -- | -- |
| Gross Profit Margin (TTM) | -- | -- |
Growth
Revenue Growth
Revenue Growth at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| 1-Year Revenue Growth | 1.96% | 10.32% |
| 3-Year Revenue CAGR | -1.04% | 9.20% |
EPS Growth
EPS Growth at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| 1-Year EPS Growth | -68.33% | 3.06% |
| 3-Year EPS CAGR | -9.17% | 11.75% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Lincoln National (LNC) in Insurance and Marsh & McLennan Companies (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-to-Equity Ratio (MRQ)
debt-to-equity ratio is set aside for both: Lincoln National (LNC) in Insurance and Marsh & McLennan Companies (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 at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt-to-Equity Ratio (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Lincoln National (LNC) at 4.83% delivers top-quartile income for its industry, while Marsh & McLennan Companies (MRSH) at 2.13% pays a more typical yield — both are credible income propositions, LNC the richer one.
LNC
Insurance industry group
4.83%
- Max
- 5.43%
- LNC
- 4.83%
- Q3
- 2.64%
- Median
- 1.35%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
2.13%
- Max
- 5.43%
- Q3
- 2.64%
- MRSH
- 2.13%
- Median
- 1.35%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Lincoln National (LNC) at 19.69% pays out a band-typical share of earnings, while Marsh & McLennan Companies (MRSH) at 43.94% distributes more than its industry norm — less retained, thinner cover.
LNC
Insurance industry group
19.69%
- Max
- 86.52%
- Q3
- 35.43%
- LNC
- 19.69%
- Median
- 14.92%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
43.94%
- Max
- 86.52%
- MRSH
- 43.94%
- Q3
- 35.43%
- Median
- 14.92%
- Q1
- 0.00%
- Min
- 0.00%
Dividends at a Glance
| Metric | LNC | MRSH |
|---|---|---|
| Dividend Yield (TTM) | 4.83% | 2.13% |
| Dividend Payout Ratio (TTM) | 19.69% | 43.94% |