Aureus
AExcellent

MMC(MMC)

A

Financial data as of Dec 31, 2025Stable · Financials

FCF Margin18.5%Free Cash Flow / Revenue
Cash Conversion127.2%Operating CF / Net Income
Free Cash Flow$5.0B
Revenue$27.0B
Net Cash-$18.8BNet debt position
Debt / FCF4.3xElevated debt burden
Current Ratio1.10Adequate short-term liquidity
YoY FCF Growth+9.4%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (18.5%, 4.3x)
→
FinalA

Analysis Summary

Strengths

  • Strong FCF margin (18.5%)
  • Excellent cash conversion (127%)

Concerns

  • Net debt position ($18.8B)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin18.5%
Net Margin15.4%
Operating CF Margin19.6%
CapEx Ratio1.1%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$18.8BNet debt position
Debt / FCF4.3xElevated debt burden
Current Ratio1.10Adequate liquidity
Debt / Equity1.42Moderate leverage

Quarterly FCF Trend

+9.4% YoYStable (+9.4%)

Free cash flow per quarter

Sector Comparison — Financials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameMMC
SectorFinancials
Free Cash Flow$5.0B
Revenue$27.0B
Net Income$4.2B
Operating Cash Flow$5.3B
Capital Expenditure$291.0M
FCF Margin18.5%
Cash Conversion Rate127.2%
Net Margin15.4%
Total Debt$21.4B
Total Cash$2.7B
Net Cash-$18.8B
Current Ratio1.10
Debt / Equity1.42
Debt / FCF4.3x
YoY FCF Growth+9.4%
Positive Quarters4 of 5
Trend DirectionStable
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

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