Markel Group financials
$1,740.09−0.02%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.59B | $16.62B | $15.80B | $11.68B | $12.85B | $9.74B | $9.53B | $6.84B | $6.06B | $5.61B |
| Gross profit | $8.38B | $8.59B | $7.64B | $7.23B | $9.27B | $6.27B | $4.76B | $4.02B | $3.20B | $3.56B |
| Gross margin | 50.5% | 51.7% | 48.3% | 61.9% | 72.1% | 64.4% | 49.9% | 58.8% | 52.7% | 63.5% |
| Operating income | $3.19B | $3.71B | $2.93B | -$93.3M | $3.24B | $1.27B | $2.48B | $39.8M | $216.6M | $805.2M |
| Net income | $2.14B | $2.60B | $1.97B | -$322.2M | $2.43B | $768.9M | $1.79B | -$133.0M | $361.5M | $440.2M |
| Net margin | 12.9% | 15.6% | 12.4% | −2.8% | 18.9% | 7.9% | 18.8% | −1.9% | 6.0% | 7.8% |
| Diluted EPS | $169.22 | $199.32 | $146.98 | $-23.72 | $176.38 | $55.63 | $129.07 | $-9.55 | $25.81 | $31.27 |
| EBITDA | $3.44B | $3.93B | $3.19B | $353.6M | $3.58B | $1.58B | $2.75B | $466.8M | $420.5M | $1.02B |
| Operating cash flow | $2.76B | $2.59B | $2.79B | $2.71B | $2.27B | $1.74B | $1.27B | $892.9M | $858.5M | $534.6M |
| Free cash flow | $2.55B | $2.34B | $2.53B | $2.45B | $2.13B | $1.64B | $1.15B | $786.3M | $783.9M | $470.9M |
| Diluted shares | 12.6M | 13.0M | 13.4M | 13.6M | 13.8M | 13.8M | 13.9M | 13.9M | 14.0M | 14.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.96B | $3.69B | $3.75B | $4.14B | $3.98B | $4.34B |
| Short-term investments | $638.6M | $499.6M | $585.0M | $1.08B | $902.5M | $874.9M |
| Total debt | $4.30B | $4.33B | $3.78B | $4.10B | $4.36B | $3.48B |
| Total assets | $68.91B | $61.90B | $55.05B | $49.79B | $48.48B | $41.71B |
| Total liabilities | $49.80B | $44.43B | $39.52B | $36.05B | $33.28B | $28.65B |
| Shareholders' equity | $18.60B | $16.93B | $15.06B | $13.21B | $14.74B | $12.81B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology