Marsh & McLennan Companies, Inc. logo MMC - Marsh & McLennan Companies, Inc.

Inactive Ticker MMC is not actively trading. Quotes and analytics may be stale.
Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 8
HOLD 17
SELL 1
STRONG
SELL 0
| PRICE TARGET: $205.67 DETAILS
HIGH: $210.00
LOW: $199.00
MEDIAN: $208.00
CONSENSUS: $205.67
UPSIDE: 12.57%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 26,981 24,458 22,736 20,720 19,820 17,224 16,652 14,950 14,024 13,211 12,893 12,951 12,261 11,924 11,526 10,550 9,831 10,730 11,177 11,921 11,652 11,761 11,588 10,440 9,869 10,308 9,157 7,190 6,009 4,404 3,937.3 3,435 3,163.4 2,937 2,779.2 2,723 2,427.7 2,272.4 2,147.1 1,804.1
Cost of Revenue 0 13,996 13,099 12,071 11,425 10,129 9,734 8,605 8,085 7,694 7,334 7,515 7,226 7,134 6,969 6,465 0 0 0 7,113 3,811 3,486 9,092 8,166 7,932 8,131 7,259 5,498 5,012 3,549 3,107.3 2,644.1 2,450.7 2,284 2,168 2,090.7 1,828.9 1,676.1 1,526.8 1,268.1
Gross Profit 0 10,462 9,637 8,649 8,395 7,095 6,918 6,345 5,939 5,517 5,559 5,436 5,035 4,790 4,557 4,085 9,831 10,730 11,177 4,808 7,841 8,275 2,496 2,274 1,937 2,177 1,898 1,692 997 855 830 790.9 712.7 653 611.2 632.3 598.8 596.3 620.3 536
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 9,734 8,605 8,085 7,694 7,334 7,515 7,226 7,134 6,969 6,465 6,182 6,830 10,331 9,392 9,492 6,706 9,048 8,114 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 20,758 4,645 4,355 4,369 4,083 4,029 (5,493) (5,021) (4,801) (4,608) (4,194) (4,380) (4,268) (4,173) (4,050) (3,319) 2,871 3,221 0 (7,113) (3,001) 969 (9,092) (8,166) 174 (2) 431 272 199 140 135.1 120.6 119.9 112 113.1 105 89.3 80.9 70.1 55.5
Operating Expenses 20,758 4,645 4,355 4,369 4,083 4,029 4,241 3,584 3,284 3,086 3,140 3,135 2,958 2,961 2,919 3,146 9,053 10,051 10,331 3,350 6,985 7,675 0 0 174 (2) 431 272 199 140 135.1 120.6 119.9 112 113.1 105 89.3 80.9 70.1 55.5
Operating Income
Operating Income 6,223 5,817 5,282 4,280 4,312 3,066 2,677 2,761 2,655 2,431 2,419 2,301 2,077 1,829 1,638 939 778 679 846 948 590 600 2,496 2,274 1,763 2,179 1,467 1,420 798 715 694.9 670.3 592.8 541 498.1 527.3 509.5 515.4 550.2 480.5
Interest Expense 960 700 578 469 444 515 524 290 237 189 163 165 167 181 199 233 241 220 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 48 83 78 15 2 7 39 11 9 5 13 21 18 24 28 20 17 47 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 910 6,926 6,317 5,270 5,399 4,049 3,610 3,028 3,361 3,107 2,893 2,610 2,498 2,226 1,935 1,359 1,158 1,118 1,288 1,436 1,080 1,056 2,887 2,633 2,283 2,667 1,898 1,692 997 855 830 790.9 712.7 653 611.2 632.3 598.8 596.3 620.3 536
EBIT 0 6,180 5,604 4,551 4,652 3,308 2,963 2,534 2,880 2,669 2,470 2,222 2,140 1,877 1,603 1,002 793 714 846 948 590 600 2,496 2,274 1,763 2,179 1,467 1,420 798 715 694.9 670.3 592.8 541 498.1 527.3 509.5 515.4 550.2 480.5
Income Before Tax 5,539 5,480 5,026 4,082 4,208 2,793 2,439 2,244 2,643 2,480 2,307 2,057 1,973 1,696 1,404 769 552 494 847 1,219 571 402 2,335 2,133 1,590 1,955 1,250 1,305 715 668 649.8 631.5 558.6 519.3 526.8 528.8 517.3 516.4 567.3 501.4
Income Tax Expense 1,305 1,363 1,224 995 1,034 747 666 574 1,133 685 671 586 594 492 422 204 21 113 295 388 192 240 770 747 599 753 524 509 281 209 246.9 249.5 226.2 215.5 221.3 224.7 222.4 220.1 265.2 258.2
Net Income 4,160 4,060 3,756 3,050 3,143 2,016 1,742 1,650 1,492 1,768 1,599 1,465 1,357 1,176 993 855 227 (73) 2,475 990 404 376 1,540 1,365 974 1,181 726 796 434 459 402.9 371.5 332.4 263.7 305.5 304.1 294.9 296.3 302.1 243.2
Per Share Data
EPS (Basic) 8.48 8.25 7.60 6.11 6.20 3.98 3.44 3.26 2.91 3.41 3.01 2.69 2.47 2.16 1.83 1.58 0.46 -0.14 4.59 1.80 0.75 0.33 2.89 2.52 1.77 2.17 1.38 1.55 0.81 1.06 0.92 0.84 0.75 0.61 0.70 0.69 0.68 0.68 0.67 0.55
EPS (Diluted) 8.43 8.18 7.53 6.04 6.13 3.94 3.41 3.23 2.87 3.37 2.98 2.65 2.43 2.13 1.80 1.57 0.46 -0.14 4.53 1.78 0.74 0.33 2.81 2.45 1.70 2.08 1.33 1.51 0.80 1.04 0.91 0.84 0.75 0.61 0.70 0.69 0.68 0.68 0.67 0.55
Shares Outstanding 491 492 494 499 507 506 506 506 513 519 531 545 549 544 542 540 522 514 539 549 538 526 533 541 550 544 526 512 490.4 435.1 437.9 441.6 440.3 432.3 439.6 437.6 430.5 432.6 447.6 442.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 2,687 2,398 3,358 1,442 1,752 2,089 1,155 1,066 1,205 1,026 1,374 1,958 2,303 2,301 2,113 1,894 1,777 1,685 2,133 2,089 2,020 1,396 665 546 537 240 428 610 424.3 299.6 328.1 294.9 332 371.1 349 304.6 293 252.2 344.1 278.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 7,670 7,156 6,418 5,852 5,586 5,326 5,236 4,317 4,133 3,643 3,162 3,377 3,310 3,058 2,906 3,035 2,724 2,755 2,874 2,718 2,730 2,859 2,703 2,478 2,692 2,812 2,298 1,909 1,498 1,085.8 1,132.5 955 853 827 690 748.2 618.1 535.6 502.5 544.3
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 (3) (6) 0 0 0 0 0 0 0 0 150 226 308 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 12,843 12,563 11,972 1,005 926 701 677 551 224 215 508 686 687 670 629 347 364 344 447 1,027 512 632 233 188 (53) 587 557 726 646.6 363.2 218.5 196.1 127.4 62.3 0 0 0 0 0 0
Total Current Assets 23,200 22,117 21,748 8,299 8,264 8,116 7,068 5,934 5,562 4,884 5,044 6,021 6,249 6,023 5,648 5,276 4,865 4,784 5,454 5,834 5,262 4,887 3,901 3,664 3,792 3,639 3,283 3,245 2,568.9 1,748.6 1,679.1 1,446 1,312.4 1,260.4 1,039 1,052.8 911.1 787.8 846.6 822.4
Non-Current Assets
Property, Plant & Equipment 0 2,357 2,423 2,433 2,715 2,750 2,779 701 712 725 773 809 828 809 804 822 952 969 992 1,043 1,178 1,387 1,389 1,308 1,235 1,360 1,314 1,287 957.3 770.1 757.5 740.3 688.1 707.8 734 759.4 681.4 619.5 353.3 266.8
Goodwill 0 23,306 17,231 16,251 16,317 15,517 14,671 9,599 9,089 8,369 7,889 7,241 6,893 6,792 6,562 3,035 2,724 7,163 7,759 7,775 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 4,820 2,630 2,537 2,810 2,699 2,774 1,437 1,274 1,126 1,036 692 472 469 401 0 0 0 0 0 7,773 8,139 5,797 5,404 5,327 5,476 5,542 4,826 2,417.1 545.3 729.7 701 660.1 687.8 411.9 425.8 291.6 285.5 293.9 258.6
Long-Term Investments 0 541 449 377 2,270 1,768 1,632 661 720 619 565 538 243 155 39 265 94 0 0 597 277 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 35,510 3,103 3,192 3,199 1,461 1,458 1,757 2,566 2,403 1,370 1,771 1,629 1,617 877 795 919 929 2,290 3,154 3,485 3,679 3,924 3,966 3,479 2,939 3,294 2,882 2,513 1,970.9 1,481.2 1,163.2 943.3 886 432.4 197.3 173.2 151.1 137.2 140.6 128.8
Total Non-Current Assets 35,510 34,364 26,282 25,155 26,124 24,914 24,249 15,644 14,867 13,306 13,172 11,819 10,679 10,284 9,806 10,034 10,457 10,422 11,905 12,303 12,630 13,450 11,152 10,191 9,501 10,130 9,738 8,626 5,345.3 2,796.6 2,650.4 2,384.6 2,234.2 1,828 1,343.2 1,358.4 1,124.1 1,042.2 787.8 654.2
Total Assets 58,710 56,481 48,030 33,454 34,388 33,030 31,317 21,578 20,429 18,190 18,216 17,840 16,928 16,307 15,454 15,310 15,322 15,206 17,359 18,137 17,892 18,337 15,053 13,855 13,293 13,769 13,021 11,871 7,914.2 4,545.2 4,329.5 3,830.6 3,546.6 3,088.4 2,382.2 2,411.2 2,035.2 1,830 1,634.4 1,476.6
Current Liabilities
Account Payables 0 3,402 3,403 3,278 3,165 3,050 2,746 2,234 2,083 1,969 1,886 1,883 1,861 1,721 2,016 1,741 1,751 1,688 1,670 2,476 1,733 1,818 1,501 1,406 1,347 1,964 1,762 1,338 1,223 447.5 485.4 496.7 375.6 393.3 323.6 282.6 230.8 0 0 0
Short-Term Debt 1,600 519 1,619 268 17 517 1,215 314 262 312 12 11 334 260 260 8 558 408 260 1,111 498 636 447 543 757 337 1,131 2,234 237 392.4 571.1 403 273.8 207.4 10.3 66.6 34 142.7 140.1 103
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 19,460 14,896 14,140 13,755 2,942 2,400 2,197 2,219 1,718 1,655 1,656 0 0 1,474 1,400 1,294 50 0 177 601 515 432 606 152 (330) 1,818 1,425 1,430 919.4 716.4 513 492.6 460.5 415.8 402.1 383.4 360.1 483.7 498.2 555.2
Total Current Liabilities 21,060 19,518 19,795 17,832 6,654 6,556 6,679 4,924 4,262 4,082 3,708 3,677 3,809 3,565 3,739 3,105 3,678 3,386 3,493 5,549 4,351 4,735 4,089 3,863 3,938 4,119 4,318 5,002 2,379.4 1,556.3 1,569.5 1,392.3 1,109.9 1,016.5 736 732.6 624.9 626.4 638.3 658.2
Non-Current Liabilities
Long-Term Debt 19,849 19,428 11,844 11,227 10,933 10,796 10,741 5,510 5,225 4,495 4,402 3,376 2,621 2,658 2,668 3,026 3,034 3,194 3,604 3,860 5,044 4,691 2,910 2,891 2,334 2,347 2,357 1,590 1,239.8 458.2 410.6 409.4 409.8 411.2 318 319.9 319.4 266.2 16.4 14.5
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.8 11.7 13.1 16.5 63.6 85
Other Non-Current Liabilities 2,486 2,410 2,360 2,639 3,699 4,533 4,028 3,560 3,500 3,341 3,504 3,607 2,575 3,474 3,107 2,764 2,732 2,904 2,440 2,909 3,137 3,855 2,603 2,083 1,848 2,075 2,176 1,620 1,096.2 642.1 683.9 568.3 661.6 557.8 288.4 261.7 204.8 165.8 124.4 80.2
Total Non-Current Liabilities 22,335 23,428 15,865 4,873 16,512 17,253 16,695 9,070 8,725 7,836 7,906 7,002 5,196 6,132 5,775 5,790 5,766 6,098 6,044 6,769 8,181 8,546 5,513 4,974 4,182 4,422 4,533 3,210 2,336 1,100.3 1,094.5 977.7 1,071.4 969 611.2 593.3 537.3 448.5 204.4 179.7
Total Liabilities 43,395 42,946 35,660 22,705 23,166 23,770 23,374 13,994 12,987 11,918 11,614 10,707 8,953 9,697 9,514 8,895 9,444 9,484 9,537 12,318 12,532 13,281 9,602 8,837 8,120 8,541 8,851 8,212 4,715.4 2,656.6 2,664 2,370 2,181.3 1,985.5 1,347.2 1,325.9 1,162.2 1,074.9 842.7 837.9
Stockholders' Equity
Common Stock 0 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 280 278 269 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 0 25,306 22,759 20,301 18,389 16,272 15,199 14,347 13,140 12,388 11,302 10,335 9,452 8,628 7,949 7,436 7,033 7,237 7,732 5,691 4,989 5,044 5,386 4,490 3,723 3,323 2,674 2,412 1,975.4 1,910.6 1,688.4 1,507.7 1,345.7 1,212.3 1,142.4 1,026.4 909 794.4 673.3 535.5
Accumulated Other Comprehensive Income 0 (6,240) (5,295) (5,314) (4,575) (5,110) (5,055) (4,647) (4,043) (5,093) (4,220) (3,847) (2,621) (3,307) (3,188) (2,300) (2,171) (2,098) (351) (1,272) (756) (370) (279) (452) (227) (149) (75) (820) (797.6) (695.7) (638.5) (574.5) 0 0 0 0 0 0 0 0
Total Stockholders' Equity 579 13,342 12,191 10,520 11,009 9,104 7,793 7,511 7,359 6,192 6,513 7,054 7,905 6,542 5,883 6,368 5,828 5,722 7,822 5,819 5,360 5,056 5,451 5,018 5,173 5,228 4,170 3,659 3,233 1,888.6 1,665.5 1,460.6 1,365.3 1,102.9 1,035 1,085.3 873 755.1 791.7 638.7
Total Liabilities & Equity 847 56,481 48,030 33,454 34,388 33,030 31,317 21,568 20,429 18,190 18,216 17,840 16,928 16,307 15,454 15,310 15,322 15,206 17,359 18,137 17,892 18,337 15,053 13,855 13,293 13,769 13,021 11,871 7,914.2 4,545.2 4,329.5 3,830.6 3,546.6 3,088.4 2,382.2 2,411.2 2,035.2 1,830 1,634.4 1,476.6
Debt Metrics
Total Debt 21,449 21,862 15,436 13,472 13,162 13,579 14,224 5,824 5,487 4,807 4,414 3,387 2,955 2,918 2,928 3,034 3,592 3,602 3,864 4,971 5,542 5,327 3,357 3,434 3,091 2,684 3,488 3,824 1,476.5 850.6 981.7 812.4 683.6 618.6 328.3 386.5 353.4 408.9 156.5 117.5
Net Debt 18,762 19,464 12,078 12,030 11,410 11,490 13,069 4,758 4,282 3,781 3,040 1,429 652 617 815 1,140 1,815 1,917 1,731 2,882 3,522 3,931 2,692 2,888 2,554 2,444 3,060 3,214 1,052.2 551 653.6 517.5 351.6 247.5 (20.7) 81.9 60.4 156.7 (187.6) (160.6)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Operating Activities
Net Income 4,234 4,060 3,802 3,087 3,174 2,046 1,773 1,670 1,512 1,795 1,636 1,497 1,385 1,201 1,015 871 242 80 538 818 404 176 1,540 1,365 974 1,181 726 796 399.4 459.3 402.9 371.5 62.6 263.7 305.5 304.1 294.9
Depreciation & Amortization 910 746 713 719 747 741 647 494 481 438 423 388 358 349 332 357 365 404 442 488 490 456 391 359 520 488 431 251 199.1 139.9 135.1 120.6 119.9 112 113.1 105 89.3
Stock-Based Compensation 394 368 363 367 348 290 252 193 149 109 88 93 18 26 21 18 11 34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 0 (1,075) (908) (1,012) (645) (137) (696) (302) (616) (365) (397) (74) (589) (313) 60 (483) (399) (151) (1,222) (336) (393) 1,708 (54) (553) (45) (470) (158) 233 (350.9) 10 (171.1) (24.6) (45.6) 55.1 145 (24.5) 23.6
Other Non-Cash Items (246) 203 288 304 (45) 402 301 412 (29) (38) (40) 81 (15) (37) 99 (57) 379 470 (1) (152) (138) (200) (100) (67) (5) (10) (31) (226) 324.9 (271.9) (83.5) (147) 6.5 (74.6) (75.8) (9) 43.8
Operating Cash Flow 5,292 4,302 4,258 3,465 3,516 3,382 2,361 2,428 1,893 2,007 1,888 2,112 1,341 1,322 1,705 722 640 837 (231) 878 399 2,069 1,867 1,280 1,377 1,364 1,000 1,133 415.4 316.5 318.1 368.5 237.6 345.1 480.9 374.2 448.2
Investing Activities
Capital Expenditure (291) (316) (416) (470) (406) (348) (421) (314) (302) (253) (325) (368) (401) (320) (280) (271) (305) (386) (378) (307) (345) (376) (436) (423) (433) (512) (715) (599) (675) (157.3) (136.9) (149.1) (98.8) (82.8) (81.2) (154.7) (160.7)
Acquisitions (652) (8,453) (993) (453) (775) (570) (4,229) (774) (655) (813) (881) (858) (137) (292) (237) 710 2 (126) (206) 154 (74) (2,364) (178) (92) (53) (99) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (24) (108) (57) (13) 406 348 0 0 (13) 0 0 0 0 0 0 0 305 0 3,368 (107) 202 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 100 55 38 86 17 104 0 4 0 2 0 0 0 0 0 0 53 97 57 136 318 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 22 1 11 9 (406) (327) 255 (5) 14 8 (59) 4 92 29 60 96 (291) 67 1 (12) 52 184 144 242 (47) 81 (130) 12 (0.3) 143.5 (61.2) (74.3) (59.5) (308.4) 58.3 (47.5) (17.3)
Investing Cash Flow (845) (8,821) (1,417) (850) (1,164) (793) (4,395) (1,089) (956) (1,056) (1,265) (1,222) (446) (583) (457) 535 (236) (348) 2,842 (136) 153 (2,556) (470) (273) (533) (530) (845) (587) (675.3) (13.8) (198.1) (223.4) (158.3) (391.2) (22.9) (202.2) (178)
Financing Activities
Net Debt Issuance 0 6,553 1,903 619 (273) (778) 5,110 293 672 385 1,030 290 13 (11) 485 (559) (10) (260) (1,117) (566) 222 1,951 (72) 282 407 (802) (363) 66 495 (1) 174.5 121 63.8 207 (60.2) 32.1 (64.6)
Stock Repurchased 0 (900) (1,150) (1,950) (1,159) 0 (574) (742) (949) (839) (1,449) (864) (629) (327) (454) (145) 0 0 (1,300) 0 0 (536) (1,195) (1,184) (763) (49) (13) (242) 0 (230.1) (137.7) (142.8) (49.5) (28.2) (225.6) (78.4) (47.1)
Dividends Paid (1,699) (1,513) (1,298) (1,138) (1,026) (943) (880) (807) (740) (682) (632) (582) (533) (497) (480) (452) (431) (412) (413) (374) (363) (681) (631) (593) (567) (514) (447) (375) (305.6) (239.2) (217) (206.4) (198.5) (191.1) (190.6) (186.7) (179.7)
Other Financing Activities (2,935) 51 (426) 1,621 1,000 664 675 (54) 8 69 145 195 315 (46) (792) (74) 0 (39) 0 0 0 0 0 0 0 0 0 0 0 2 4.8 (30.2) 0 0 0 0 0
Financing Cash Flow (4,634) 4,455 (1,119) (1,046) (1,297) (925) 4,331 (1,310) (1,009) (1,067) (906) (961) (834) (633) (1,007) (1,130) (464) (540) (2,644) (759) 128 1,190 (1,325) (1,005) (536) (1,001) (334) (366) 398.9 (325) (92.8) (189.8) (108.6) 83.8 (407.2) (180.2) (230.2)
Cash Position
Net Change in Cash 486 (478) 2,050 728 700 2,175 2,432 (139) 179 (348) (584) (345) 2 188 219 117 92 (448) 44 56 637 731 119 9 297 (188) (182) 186 124.7 (28.5) 33.2 (37.1) (39.1) 22.1 44.4 11.6 40.8
Cash at Beginning 13,674 14,152 12,102 11,374 10,674 8,499 6,067 1,205 1,026 1,374 1,958 2,303 2,301 2,113 1,894 1,777 1,685 2,133 2,089 2,033 1,396 665 546 537 240 428 610 424 299.6 328.1 294.9 332 371.1 349 304.6 293 252.2
Cash at End 14,160 13,674 14,152 12,102 11,374 10,674 8,499 1,066 1,205 1,026 1,374 1,958 2,303 2,301 2,113 1,894 1,777 1,685 2,133 2,089 2,033 1,396 665 546 537 240 428 610 424.3 299.6 328.1 294.9 332 371.1 349 304.6 293
Free Cash Flow 5,001 3,986 3,842 2,995 3,110 3,034 1,940 2,114 1,591 1,754 1,563 1,744 940 1,002 1,425 451 335 451 (609) 571 54 1,693 1,431 857 944 852 285 534 (259.6) 159.2 181.2 219.4 138.8 262.3 399.7 219.5 287.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 26,981 24,458 22,736 20,720 19,820 17,224 16,652 14,950 14,024 13,211 12,893 12,951 12,261 11,924 11,526 10,550 9,831 10,730 11,177 11,921 11,652 11,761 11,588 10,440 9,869 10,308 9,157 7,190 6,009 4,404 3,937.3 3,435 3,163.4 2,937 2,779.2 2,723 2,427.7 2,272.4 2,147.1 1,804.1
Gross Profit 0 10,462 9,637 8,649 8,395 7,095 6,918 6,345 5,939 5,517 5,559 5,436 5,035 4,790 4,557 4,085 9,831 10,730 11,177 4,808 7,841 8,275 2,496 2,274 1,937 2,177 1,898 1,692 997 855 830 790.9 712.7 653 611.2 632.3 598.8 596.3 620.3 536
Operating Income 6,223 5,817 5,282 4,280 4,312 3,066 2,677 2,761 2,655 2,431 2,419 2,301 2,077 1,829 1,638 939 778 679 846 948 590 600 2,496 2,274 1,763 2,179 1,467 1,420 798 715 694.9 670.3 592.8 541 498.1 527.3 509.5 515.4 550.2 480.5
Net Income 4,160 4,060 3,756 3,050 3,143 2,016 1,742 1,650 1,492 1,768 1,599 1,465 1,357 1,176 993 855 227 (73) 2,475 990 404 376 1,540 1,365 974 1,181 726 796 434 459 402.9 371.5 332.4 263.7 305.5 304.1 294.9 296.3 302.1 243.2
EPS (Diluted) 8.43 8.18 7.53 6.04 6.13 3.94 3.41 3.23 2.87 3.37 2.98 2.65 2.43 2.13 1.80 1.57 0.46 -0.14 4.53 1.78 0.74 0.33 2.81 2.45 1.70 2.08 1.33 1.51 0.80 1.04 0.91 0.84 0.75 0.61 0.70 0.69 0.68 0.68 0.67 0.55
Balance Sheet
Cash & Equivalents 2,687 2,398 3,358 1,442 1,752 2,089 1,155 1,066 1,205 1,026 1,374 1,958 2,303 2,301 2,113 1,894 1,777 1,685 2,133 2,089 2,020 1,396 665 546 537 240 428 610 424.3 299.6 328.1 294.9 332 371.1 349 304.6 293 252.2 344.1 278.1
Total Assets 58,710 56,481 48,030 33,454 34,388 33,030 31,317 21,578 20,429 18,190 18,216 17,840 16,928 16,307 15,454 15,310 15,322 15,206 17,359 18,137 17,892 18,337 15,053 13,855 13,293 13,769 13,021 11,871 7,914.2 4,545.2 4,329.5 3,830.6 3,546.6 3,088.4 2,382.2 2,411.2 2,035.2 1,830 1,634.4 1,476.6
Total Debt 21,449 21,862 15,436 13,472 13,162 13,579 14,224 5,824 5,487 4,807 4,414 3,387 2,955 2,918 2,928 3,034 3,592 3,602 3,864 4,971 5,542 5,327 3,357 3,434 3,091 2,684 3,488 3,824 1,476.5 850.6 981.7 812.4 683.6 618.6 328.3 386.5 353.4 408.9 156.5 117.5
Stockholders' Equity 579 13,342 12,191 10,520 11,009 9,104 7,793 7,511 7,359 6,192 6,513 7,054 7,905 6,542 5,883 6,368 5,828 5,722 7,822 5,819 5,360 5,056 5,451 5,018 5,173 5,228 4,170 3,659 3,233 1,888.6 1,665.5 1,460.6 1,365.3 1,102.9 1,035 1,085.3 873 755.1 791.7 638.7
Cash Flow
Operating Cash Flow 5,292 4,302 4,258 3,465 3,516 3,382 2,361 2,428 1,893 2,007 1,888 2,112 1,341 1,322 1,705 722 640 837 (231) 878 399 2,069 1,867 1,280 1,377 1,364 1,000 1,133 415.4 316.5 318.1 368.5 237.6 345.1 480.9 374.2 448.2
Capital Expenditure (291) (316) (416) (470) (406) (348) (421) (314) (302) (253) (325) (368) (401) (320) (280) (271) (305) (386) (378) (307) (345) (376) (436) (423) (433) (512) (715) (599) (675) (157.3) (136.9) (149.1) (98.8) (82.8) (81.2) (154.7) (160.7)
Free Cash Flow 5,001 3,986 3,842 2,995 3,110 3,034 1,940 2,114 1,591 1,754 1,563 1,744 940 1,002 1,425 451 335 451 (609) 571 54 1,693 1,431 857 944 852 285 534 (259.6) 159.2 181.2 219.4 138.8 262.3 399.7 219.5 287.5