MKL
$1,726.11+0.80%
as of close, Oct 1, 2026
☾ AH $1,726.11 +0.80%
Markel Group Inc.Stock · FinanceRussell 1000 0.04%Russell 3000 0.03%US Stock Market 0.03%MSCI World 0.03%MSCI ACWI 0.02%
MKL financial statements
The full income statement, balance sheet, and cash-flow statement for Markel Group Inc. (MKL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 12.9M2024-09 12.9M2024-12 12.8M2025-03 12.7M2025-06 12.7M2025-09 12.6M2025-12 12.6M2026-03 12.5M2026-06 12.4M-4.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 15.5B+4.7% | 14.8B+3.7% | 14.3B+22.3% | 11.7B-9.1% | 12.8B+32.0% | |
| Amortization of intangibles | 185M+1.9% | 181M+0.5% | 181M+1.0% | 179M+11.4% | 161M+0.8% | |
| Operating income | 3.19B-13.9% | 3.71B+26.8% | 2.93B+3237.9% | -93.3M-102.9% | 3.24B+154.5% | |
| Interest expense | 206M+0.8% | 204M+10.4% | 185M-5.6% | 196M+6.8% | 184M+3.4% | |
| Equity-method income | 70.4M+19.9% | 58.7M+2895.2% | -2.10M+90.8% | -22.9M-252.7% | 15.0M+541.2% | |
| Gain (loss) on equity securities | 1.08B-40.1% | 1.80B+15.1% | 1.57B+200.7% | -1.55B-180.1% | 1.94B+221.7% | |
| Pre-tax income | 2.73B-24.9% | 3.64B+37.1% | 2.65B+1850.9% | -152M-104.8% | 3.13B+212.8% | |
| Income tax | 580M-26.6% | 790M+43.0% | 553M+1246.3% | -48.2M-107.0% | 684M+305.5% | |
| 2.11B-23.3% | 2.75B+37.6% | 2.00B+1022.9% | -216M-108.9% | 2.42B+196.9% | ||
| Net income to non-controlling interest | 45.4M-54.8% | 100M-4.4% | 105M-7.0% | 113M+396.7% | 22.7M+44.4% | |
| Preferred dividends | 18.0M-50.0% | 36.0M+0.0% | 36.0M+0.0% | 36.0M+0.0% | 36.0M+95.7% | |
| Net income to common | 2.08B-23.2% | 2.71B+38.3% | 1.96B+876.9% | -252M-110.6% | 2.39B+199.3% | |
| $169.22-15.1% | $199.32+35.6% | $146.98+719.6% | -$23.72-113.4% | $176.38+217.1% | ||
| EPS (basic) | $169.74-15.0% | $199.69+35.5% | $147.32+721.1% | -$23.72-113.4% | $176.79+217.6% | |
| Weighted-avg shares (basic) | 12.6M-3.1% | 13.0M-2.5% | 13.3M-1.7% | 13.6M-1.4% | 13.8M-0.3% | |
| Weighted-avg shares (diluted) | 12.6M-3.0% | 13.0M-2.5% | 13.4M-1.5% | 13.6M-1.6% | 13.8M-0.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 3.96B+7.4% | 3.69B-1.5% | 3.75B-9.4% | 4.14B+4.0% | 3.98B-8.4% | |
| Inventory | 703M-3.8% | 731M+18.5% | 617M-3.5% | 640M+20.8% | 529M+28.3% | |
| 68.9B+11.3% | 61.9B+12.4% | 55.0B+10.6% | 49.8B+2.7% | 48.5B+16.2% | ||
| Property, plant & equipment | 1.50B+7.1% | 1.40B+7.7% | 1.30B+8.3% | 1.20B+9.1% | 1.10B+74.1% | |
| Operating lease right-of-use | 658M-3.4% | 681M+8.4% | 629M+19.4% | 527M-1.3% | 534M | |
| Goodwill | 2.82B+3.2% | 2.74B+4.2% | 2.62B-0.5% | 2.64B-9.0% | 2.90B+11.3% | |
| Intangible assets | 1.54B+5.7% | 1.46B-8.1% | 1.59B-9.1% | 1.75B-4.1% | 1.82B+2.2% | |
| 49.8B+12.1% | 44.4B+12.4% | 39.5B+9.6% | 36.1B+8.4% | 33.3B+16.1% | ||
| Long-term debt | 4.30B-0.6% | 4.33B+14.6% | 3.78B-7.9% | 4.10B-5.9% | 4.36B+25.2% | |
| Operating lease liability (total) | 710M-1.9% | 724M+10.1% | 657M+18.5% | 554M-3.0% | 571M | |
| 18.6B+9.9% | 16.9B+12.9% | 15.0B+13.9% | 13.2B-10.6% | 14.7B+15.0% | ||
| Preferred stock | 0.00-100.0% | 592M+0.0% | 592M+0.0% | 592M+0.0% | 592M+0.0% | |
| Common stock | 3.67B+3.1% | 3.56B+1.2% | 3.52B+0.7% | 3.49B+1.5% | 3.44B+0.4% | |
| Retained earnings | 15.0B+12.4% | 13.4B+17.9% | 11.4B+15.5% | 9.83B-5.9% | 10.4B+27.5% | |
| Accumulated other comprehensive income | -109M+82.3% | -617M-29.0% | -478M+37.7% | -767M-423.0% | 238M-59.3% | |
| Non-controlling interest | -1.63M-112.5% | 13.0M-82.0% | 72.3M+15.1% | 62.8M+174.7% | 22.9M+53.5% | |
| Total equity incl. non-controlling | 18.6B+9.8% | 16.9B+12.4% | 15.1B+13.9% | 13.2B-10.4% | 14.7B+15.0% | |
| Total liabilities & equity | 68.9B+11.3% | 61.9B+12.4% | 55.0B+10.6% | 49.8B+2.7% | 48.5B+16.2% | |
| Shares outstanding (cover) | 12.6M-1.5% | 12.8M-2.6% | 13.1M-2.2% | 13.4M-1.5% | 13.6M-1.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.76B+6.4% | 2.59B-6.9% | 2.79B+2.9% | 2.71B+19.1% | 2.27B+30.9% | ||
| Depreciation & amortization | 348M+1.6% | 342M+7.1% | 320M+3.3% | 309M-8.0% | 336M+9.5% | |
| Intangible amortization | 185M+1.9% | 181M+0.5% | 181M+1.0% | 179M+11.4% | 161M+0.8% | |
| Deferred income taxes | 151M-61.7% | 395M+68.8% | 234M+182.8% | -282M-162.3% | 453M+16690.1% | |
| -1.19B+50.4% | -2.40B+11.3% | -2.70B-61.9% | -1.67B+43.1% | -2.94B-474.1% | ||
| Capital expenditure | 207M-18.9% | 255M-1.4% | 259M+1.5% | 255M+75.4% | 145M+43.4% | |
| Free cash flow | 2.55B+9.2% | 2.34B-7.5% | 2.53B+3.0% | 2.45B+15.3% | 2.13B+30.1% | |
| Acquisitions | 106M-48.9% | 208M+5696.7% | 3.58M-95.5% | 79.0M-84.7% | 517M-6.6% | |
| Purchases of investments | — | — | — | — | 3.42B+158.7% | |
| Sales/maturities of investments | — | — | — | — | 225M-85.8% | |
| Other investing activities | -134M-315.2% | -32.2M+50.0% | -64.4M-127.1% | -28.3M-74.9% | -16.2M-122.2% | |
| -1.21B-306.2% | -298M+70.2% | -1000M-67.9% | -595M-261.0% | 370M-14.9% | ||
| Long-term debt issued | 883M-38.4% | 1.43B+129.5% | 625M-39.6% | 1.03B-13.7% | 1.20B+437.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 430M-25.0% | 573M+28.6% | 445M+53.2% | 291M+40.8% | 207M+669.7% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -9.88M-11.2% | -8.89M+27.3% | -12.2M+62.2% | -32.3M+23.7% | -42.4M+28.6% | |
| FX effect on cash | 49.8M+233.4% | -37.3M-237.9% | 27.0M+126.2% | -103M-147.7% | -41.7M-174.7% | |
| Net change in cash | 411M+394.1% | -140M+84.3% | -889M-361.2% | 341M+201.4% | -336M-119.6% | |
| Interest paid | 204M+3.3% | 197M+5.1% | 188M-4.8% | 197M+10.5% | 179M+0.2% | |
| Income taxes paid | — | 383M+36.3% | 281M+11.6% | 252M+22.7% | 205M-15.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 27.0B+22.6% | 22.0B+17.4% | 18.8B+5.9% | 17.7B+5.5% | 16.8B+17.9% | |
| P/E | 12.8×+59.9% | 8.0×-18.0% | 9.8× | — | 6.9×-60.3% | |
| P/S | 1.7×+17.1% | 1.5×+21.9% | 1.2×-22.7% | 1.6×+20.8% | 1.3×-10.7% | |
| P/B | 1.5×+11.5% | 1.3×-2.8% | 1.3×-7.0% | 1.4×+26.3% | 1.1×+2.5% | |
| P/FCF | 10.6×+12.3% | 9.4×+30.2% | 7.2×-7.8% | 7.8×-0.5% | 7.9×-9.4% | |
| Earnings yield | 7.8%-37.5% | 12.5%+21.9% | 10.2% | — | 14.4%+151.9% | |
| FCF yield | 9.4%-10.9% | 10.6%-23.2% | 13.8%+8.4% | 12.7%+0.5% | 12.7%+10.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MKL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MKL filings on SEC EDGAR → Not investment advice.