MKL · Markel Group Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.55B | - | $3.93B | $4.60B | $3.40B | - | $4.61B | $3.70B | $4.47B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $3.10B | - | $3.36B | $3.50B | $3.12B | - | $3.24B | $3.29B | $3.13B | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($273.33M) | - | $1.01B | $1.11B | $282.52M | - | $1.37B | $409.98M | $1.34B | - |
| Interest Expense | $50.89M | - | $50.68M | $53.08M | $52.14M | - | $53.36M | $52.60M | $45.55M | - |
| Income Tax | ($65.58M) | - | $214.66M | $185.17M | $28.40M | - | $259.41M | $76.24M | $292.56M | - |
| Net Income | ($212.29M) | - | $751.34M | $657.15M | $121.71M | - | $904.96M | $267.70M | $1.03B | - |
| EPS - Basic | ($18.90) | - | $59.44 | $49.80 | $12.11 | - | $66.40 | $18.66 | $75.56 | - |
| EPS - Diluted | ($18.90) | - | $59.25 | $49.67 | $12.08 | - | $66.25 | $18.62 | $75.43 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.68B | $3.96B | $4.05B | $3.72B | $4.19B | $3.69B | $3.87B | $3.51B | $3.63B | $3.75B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | $703.40M | - | - | - | $631.50M | - | - | - | $617.20M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $68.60B | $68.91B | $67.39B | $66.79B | $64.60B | $61.90B | $62.28B | $59.71B | $57.29B | $55.05B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $4.38B | $4.30B | $4.28B | $4.36B | $4.39B | $4.33B | $4.36B | $4.40B | $3.86B | $3.78B |
| Total Liabilities | $49.95B | $49.80B | $48.80B | $48.92B | $46.85B | $44.43B | $44.62B | $43.28B | $40.97B | $39.52B |
| Stockholders' Equity | $18.13B | $18.60B | $18.04B | $17.32B | $17.15B | $16.92B | $17.01B | $15.85B | $15.73B | $14.98B |
| Retained Earnings | $14.66B | $15.03B | $14.51B | $13.84B | $13.36B | $13.38B | $13.06B | $12.33B | $12.18B | $11.35B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.91M | - | - | - | $376.19M | - | - | - | $630.65M | - |
| Investing Cash Flow | ($348.22M) | - | - | - | $192.81M | - | - | - | ($564.17M) | - |
| Financing Cash Flow | ($79.55M) | - | - | - | ($105.80M) | - | - | - | ($102.73M) | - |
| CapEx | $47.27M | - | - | - | $40.71M | - | - | - | $71.95M | - |
| Free Cash Flow | ($31.35M) | - | - | - | $335.48M | - | - | - | $558.70M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -7.7% | - | 25.7% | 24.1% | 8.3% | - | 29.7% | 11.1% | 29.9% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -6.0% | - | 19.1% | 14.3% | 3.6% | - | 19.6% | 7.2% | 23.0% | - |
| Free cash flow margin | -0.9% | - | - | - | 9.9% | - | - | - | 12.5% | - |
| FCF / Net income | 0.15 | - | - | - | 2.76 | - | - | - | 0.54 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | 22.2% | 22.0% | 18.9% | - | 22.3% | 22.2% | 22.2% | - |
| Return on assets | -0.3% | - | 1.1% | 1.0% | 0.2% | - | 1.5% | 0.4% | 1.8% | - |
| Return on equity | -1.2% | - | 4.2% | 3.8% | 0.7% | - | 5.3% | 1.7% | 6.5% | - |
| Return on invested capital | -1.0% | - | 3.5% | 4.0% | 1.1% | - | 5.0% | 1.6% | 5.3% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.24 | 0.23 | 0.24 | 0.25 | 0.26 | 0.26 | 0.26 | 0.28 | 0.25 | 0.25 |
| Debt / Assets | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -5.4x | - | 19.9x | 20.9x | 5.4x | - | 25.7x | 7.8x | 29.3x | - |
| Equity multiplier | 3.78 | 3.71 | 3.74 | 3.86 | 3.77 | 3.66 | 3.66 | 3.77 | 3.64 | 3.67 |
| Liabilities / Assets | 0.73 | 0.72 | 0.72 | 0.73 | 0.73 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.06 | 0.07 | 0.05 | - | 0.07 | 0.06 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 32.3x | 40.2x | 154.8x | - | 23.7x | 84.6x | 20.2x | - |
| P / B | 1.3x | - | 1.3x | 1.5x | 1.4x | - | 1.2x | 1.3x | 1.3x | - |
| P / S | 6.8x | - | 6.1x | 5.5x | 7.1x | - | 4.4x | 5.6x | 4.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.5% | - | -14.7% | 24.3% | -23.9% | - | 36.6% | -10.6% | 22.6% | - |
| Revenue CAGR (3y) | -0.9% | - | 8.7% | 36.9% | 9.3% | - | 19.7% | 1.9% | 15.5% | - |
| Revenue CAGR (5y) | 4.1% | - | 6.2% | 8.0% | 41.6% | - | 17.8% | 8.7% | 12.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -26.4% | 170.1% | -78.8% | - | 1783.4% | -57.7% | 77.2% | - |
| Net income growth (YoY) | - | - | -17.0% | 145.5% | -88.1% | - | 2024.8% | -61.5% | 109.8% | - |
| EPS growth (YoY) | - | - | -10.6% | 166.8% | -84.0% | - | 2009.9% | -62.8% | 102.4% | - |
| EPS CAGR (3y) | - | - | 156.8% | - | - | - | 63.7% | -31.1% | 21.5% | - |
| EPS CAGR (5y) | - | - | 13.8% | -5.5% | - | - | 36.6% | -12.4% | 12.0% | - |
| FCF growth (YoY) | - | - | - | - | -40.0% | - | - | - | 126.2% | - |
| FCF CAGR (5y) | - | - | - | - | 56.5% | - | - | - | - | - |
| Book value growth (YoY) | 5.7% | 9.9% | 6.0% | 9.3% | 9.0% | 12.9% | 21.5% | 11.7% | 14.4% | 14.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.25B totalIndustrial$3.76B · 71.7%
Consumer And Other$1.31B · 25.0%
Financial$163.16M · 3.1%
Markel Insurance$10.52M · 0.2%
Product / service
$1.76B totalProduct$1.59B · 90.2%
Management Fees$161.89M · 9.2%
Services$10.52M · 0.6%
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing MARKEL GROUP INC. against the 5 most active filers in the same SIC group.