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Marsh & McLennan Companies vs Equitable Holdings: MRSH and EQH compared
Marsh & McLennan Companies is the larger company: $6.9B of revenue in its latest quarter (Q3 2026) against $3.9B for Equitable Holdings (Q3 2026). Equitable Holdings is growing faster (+168% against +8% a year earlier). Equitable Holdings is more profitable, with an operating margin of 35.8% against 17.7%.
Where the money goes: MRSH and EQH
Marsh & McLennan Companies (MRSH) · Q3 2026
Marsh & McLennan Companies, Q3 2026: revenue $6.9B (+8% year over year), operating margin 17.7%, net earnings $808M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
Equitable Holdings (EQH) · Q3 2026
Equitable Holdings, Q3 2026: revenue $3.9B (+168% year over year), operating margin 35.8%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Marsh & McLennan Companies (MRSH) | Equitable Holdings (EQH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.9B | $3.9B |
| Revenue growth, Y/Y | +8% | +168% |
| Operating margin | 17.7% | 35.8% |
| Net earnings | $808M | $1.1B |
| Net margin | 11.8% | 28.9% |
| Operating cash flow | $1.5B | $1.6B |
| Free cash flow | $1.4B | — |
| Market value | $98.1B | $14.4B |
| P/E | 24.5× | 7.7× |
| Analysts’ mean target | $206.62 | $64.55 |
Questions
Which is bigger, Marsh & McLennan Companies or Equitable Holdings?
Marsh & McLennan Companies is the larger company: $6.9B of revenue in its latest quarter (Q3 2026) against $3.9B for Equitable Holdings (Q3 2026).
Is Marsh & McLennan Companies or Equitable Holdings growing faster?
Equitable Holdings is growing faster (+168% against +8% a year earlier).
Which is more profitable, Marsh & McLennan Companies or Equitable Holdings?
Equitable Holdings is more profitable, with an operating margin of 35.8% against 17.7%.
More: Marsh & McLennan Companies earnings · how Marsh & McLennan Companies makes money · Equitable Holdings earnings · how Equitable Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 15, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.