Marsh & McLennan Companies, Inc. (MRSH) — Free Cash Flow Generation Index
Marsh & McLennan Companies, Inc. (MRSH) has a Free Cash Flow Generation Index of 0.95x as of December 2025. Free cash flow of $2.06 Billion represents 1% of operating cash flow ($2.16 Billion). Explore MRSH capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Marsh & McLennan Companies, Inc. Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Marsh & McLennan Companies, Inc. across 36 annual periods. For the full cash flow conversion analysis, see MRSH cash generation efficiency.
Annual Free Cash Flow Generation for Marsh & McLennan Companies, Inc. (1989–2025)
Year-by-year Free Cash Flow Generation Index for Marsh & McLennan Companies, Inc.. Check Marsh & McLennan Companies, Inc. investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.95x | $5.00 Billion | $5.29 Billion | $291.00 Million | ▲ +2.0% |
| 2024 | 0.93x | $3.99 Billion | $4.30 Billion | $316.00 Million | ▲ +2.7% |
| 2023 | 0.90x | $3.84 Billion | $4.26 Billion | $416.00 Million | ▲ +4.4% |
| 2022 | 0.86x | $3.00 Billion | $3.46 Billion | $470.00 Million | ▼ -2.3% |
| 2021 | 0.88x | $3.11 Billion | $3.52 Billion | $406.00 Million | ▼ -1.4% |
| 2020 | 0.90x | $3.03 Billion | $3.38 Billion | $348.00 Million | ▲ +9.2% |
| 2019 | 0.82x | $1.94 Billion | $2.36 Billion | $421.00 Million | ▼ -5.6% |
| 2018 | 0.87x | $2.11 Billion | $2.43 Billion | $314.00 Million | ▲ +3.6% |
| 2017 | 0.84x | $1.59 Billion | $1.89 Billion | $302.00 Million | ▼ -3.8% |
| 2016 | 0.87x | $1.75 Billion | $2.01 Billion | $253.00 Million | ▲ +5.6% |
| 2015 | 0.83x | $1.56 Billion | $1.89 Billion | $325.00 Million | ▲ +0.3% |
| 2014 | 0.83x | $1.74 Billion | $2.11 Billion | $368.00 Million | ▲ +17.8% |
| 2013 | 0.70x | $940.00 Million | $1.34 Billion | $401.00 Million | ▼ -7.5% |
| 2012 | 0.76x | $1.00 Billion | $1.32 Billion | $320.00 Million | ▼ -9.3% |
| 2011 | 0.84x | $1.43 Billion | $1.71 Billion | $280.00 Million | ▲ +33.8% |
| 2010 | 0.62x | $451.00 Million | $722.00 Million | $271.00 Million | ▲ +19.3% |
| 2009 | 0.52x | $335.00 Million | $640.00 Million | $305.00 Million | ▲ +9.1% |
| 2008 | 0.48x | $451.00 Million | $940.00 Million | $386.00 Million | ▼ -26.2% |
| 2006 | 0.65x | $571.00 Million | $878.00 Million | $307.00 Million | ▲ +380.5% |
| 2005 | 0.14x | $54.00 Million | $399.00 Million | $345.00 Million | ▼ -83.5% |
| 2004 | 0.82x | $1.69 Billion | $2.07 Billion | $376.00 Million | ▲ +6.8% |
| 2003 | 0.77x | $1.43 Billion | $1.87 Billion | $436.00 Million | ▲ +14.5% |
| 2002 | 0.67x | $857.00 Million | $1.28 Billion | $423.00 Million | ▼ -2.3% |
| 2001 | 0.69x | $944.00 Million | $1.38 Billion | $433.00 Million | ▲ +9.8% |
| 2000 | 0.62x | $852.00 Million | $1.36 Billion | $512.00 Million | ▲ +119.2% |
| 1999 | 0.29x | $285.00 Million | $1.00 Billion | $715.00 Million | ▼ -39.5% |
| 1998 | 0.47x | $534.00 Million | $1.13 Billion | $599.00 Million | ▲ +175.4% |
| 1997 | -0.62x | $-259.60 Million | $415.40 Million | $675.00 Million | ▼ -224.2% |
| 1996 | 0.50x | $159.20 Million | $316.50 Million | $157.30 Million | ▼ -11.7% |
| 1995 | 0.57x | $181.20 Million | $318.10 Million | $136.90 Million | ▼ -4.3% |
| 1994 | 0.60x | $219.40 Million | $368.50 Million | $149.10 Million | ▲ +1.9% |
| 1993 | 0.58x | $138.80 Million | $237.60 Million | $98.80 Million | ▼ -23.1% |
| 1992 | 0.76x | $262.30 Million | $345.10 Million | $82.80 Million | ▼ -8.6% |
| 1991 | 0.83x | $399.70 Million | $480.90 Million | $81.20 Million | ▲ +41.7% |
| 1990 | 0.59x | $219.50 Million | $374.20 Million | $154.70 Million | ▼ -8.6% |
| 1989 | 0.64x | $287.50 Million | $448.20 Million | $160.70 Million | — |