AJG vs MRSH
Arthur J. Gallagher (AJG) and Marsh McLennan (MRSH) compared side by side. Marsh McLennan (MRSH) is larger, with a market cap of $93.9B versus $68.7B for Arthur J. Gallagher, about 1.4 times the size. On trailing earnings, MRSH is cheaper at 23.6x versus 44.5x for AJG.
Head to head
| Metric | AJG | MRSH |
|---|---|---|
| Market cap | $68.7B | $93.9B |
| P/E (TTM) | 44.5x | 23.6x |
| Forward P/E | 18.1x | 17.2x |
| Revenue (TTM) | $15.1B | $28.5B |
| Revenue growth | 30.9% | 8.1% |
| Gross margin | 43.2% | 44.5% |
| Operating margin | 19.2% | 18.4% |
| Free cash flow | $2.3B | $4.8B |
| Dividend yield | 1.04% | 2.01% |
| 1-year return | -4.0% | +7.3% |
| 5-year return (annual) | +11.3% | +4.8% |
| Max drawdown | -58% | -67% |
| FI Handbook grade | C+ | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
AJG vs MRSH FAQ
Which is bigger, AJG or MRSH?
Marsh McLennan (MRSH) is larger, with a market cap of $93.9B versus $68.7B for Arthur J. Gallagher, about 1.4 times the size.
Is AJG or MRSH cheaper?
On trailing earnings, MRSH is cheaper at 23.6x versus 44.5x for AJG. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, AJG or MRSH?
MRSH returned +7.3% over the past year including dividends, versus -4.0% for AJG, through October 23, 2026.
Which pays a higher dividend, AJG or MRSH?
MRSH yields 2.01% versus 1.04% for AJG.
Full pages: Arthur J. Gallagher · Marsh McLennan