Marsh & McLennan Companies, Inc. (MRSH) vs The Travelers Companies, Inc. (TRV)

A side-by-side comparison of Marsh & McLennan Companies, Inc. and The Travelers Companies, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 8, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnMRSH vs TRV

growth of $100 · dividends reinvested · last 10y
MRSH +221.8% (+12.4%/yr)TRV +299.0% (+14.8%/yr)TRV compounded faster over this window
100200300400Start $10020182020202220242026$322$399
MRSH TRV

MRSH vs TRV: by the numbers

  • MRSH is the larger company ($86.15B vs $76.27B market cap).
  • TRV trades at the lower trailing earnings multiple (9.89 vs 22.71 P/E), one valuation lens rather than an overall verdict.
  • TRV converts more revenue to profit (16.95% vs 14.24% net margin).
  • MRSH grew revenue faster over the past five years (8.62% vs 7.78% CAGR).
  • MRSH pays the higher dividend yield (1.99% vs 1.23%).

Metrics side by side

Valuation

MetricMRSHTRV
P/E ratio22.719.89
Forward P/E17.7810.84
P/S ratio3.221.61
P/B ratio5.922.38

Profitability

MetricMRSHTRV
Gross margin42.38%34.73%
Operating margin21.62%21.33%
Net margin14.24%16.95%
ROE26.21%25.07%

Dividends

MetricMRSHTRV
Dividend yield1.99%1.23%
Payout ratio45.11%12.19%

Growth (annualized)

MetricMRSHTRV
Revenue CAGR (5Y)8.62%7.78%
EPS CAGR (5Y)16.34%21.40%
Total return CAGR (5Y)4.70%20.65%

Frequently asked

Which has the lower trailing P/E, MRSH or TRV?
TRV has the lower trailing P/E: MRSH trades at 22.71 and TRV at 9.89. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MRSH or TRV?
Over the past five years, MRSH grew revenue faster — MRSH at a 8.62% CAGR versus TRV at 7.78%.
Does MRSH or TRV pay a bigger dividend?
MRSH yields 1.99% and TRV yields 1.23% based on trailing dividends and the latest price.
Is MRSH or TRV more profitable?
TRV runs the higher net margin — MRSH at 14.24% versus TRV at 16.95%.
How have MRSH and TRV total returns compared?
Over the past 10 years, MRSH delivered 12.39% and TRV delivered 14.45% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 8, 2026.