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Markel Group (MKL) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Financial Services•Insurance - Property & Casualty
C
AverageMetricSide Score: 52/100
ProfitabilityProfit5/30
GrowthGrowth9/25
Balance SheetBalance23/25
Cash QualityCash15/20
Price & Volume
Market Cap $25.00B

Markel Group Inc. engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific. It operates through Markel Insurance, Industrial, Financial, and Consumer and Other segments. The company offers general and professional liability, specialty programs, workers' compensation, and marine and energy insurance; personal lines insurance, such as property coverage for homeowners; property insurance coverages, including fire, windstorm, hail, water damage, and catastrophe-exposed property risks, such as earthquake and wind; and credit and surety products. It also distributes exterior building products, such as siding, windows, doors, roofing, and gutters; invests in asset and wealth management companies; engages in the homebuilding of single-family homes, townhouses, and condominiums; designs and provides leather handbags and accessories; owns and operates manufactured housing communities; and sponsors teachers for placement. In addition, the company offers structural and architectural precast concrete; ornamental plants; industrial bakery equipment; over-the-road car-hauling equipment, such as trailers; cutter suction and auger dredges; and laminated oak and composite flooring for trailers. Further, it provides fire protection, life safety, and low-voltage solutions; heavy lift crawler cranes; erosion control and stormwater management; gas containment and transportation equipment; wall panel systems and dorm room furniture; insurance-linked securities investment and insurance management; equipment leasing; fronting and automobile collateral protection coverage; information technology consulting; data collection and pricing intelligence solutions; and concierge healthcare membership services. The company was formerly known as Markel Corporation and changed its name to Markel Group Inc. in May 2023. Markel Group Inc. was founded in 1930 and is headquartered in Glen Allen, Virginia.

Moat Signals

Competitive analysis based on 64 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging 16.1%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Moderate Moat

ROE is positive at ~12.9% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 64 quarters

Some Concerns

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Healthy

FCF covers net income by 1.2x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

D/E ratio is 0.2 — conservative capital structure with low financial risk.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Monitor for further erosion.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 3.2% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$15.66B
0.7%
Q. Revenue
$3.55B
TTM EBITDA
$2.64B
0.8%
TTM Op. Income
$2.64B
0.8%
Q. Op. Income
$-273.33M
TTM Net Income
$1.77B
3.8%
Q. Net Income
$-212.29M
EPS
$-18.9
Shares Out.
$12.63M
1.4%
$15.66B in TTM revenue grew 0.7% YoY, reaching $3.55B last quarter. TTM EBITDA of $2.64B and TTM operating income of $2.64B shows growth is flowing through. Net income of $1.77B TTM confirms the company is converting revenue into profit. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
-7.7%
Op. Margin
-7.7%
192.6%
Net Margin
-6.0%
267.0%
Op. margin of -7.7% is down 16.0% YoY — costs are rising relative to revenue. Net margin at -6.0%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
14.1x
P/S Ratio
1.6x
P/B Ratio
1.4x
At 14.1x P/E, the stock trades below market averages — potentially undervalued. P/S of 1.6x and P/B of 1.4x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$68.60B
Cash
$3.68B
Long-Term Debt
$4.38B
Book Value
$18.13B
D/E Ratio
0.2
Debt/EBITDA
N/A
With $68.60B in assets and $4.38B in long-term debt, the D/E of 0.2and book value of $18.13B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$15.91M
Free Cash Flow
$-31.35M
109.3%
FCF Margin
-0.2%
FCF / Net Income
0.1
FCF of $-31.35M on $15.91M in operating cash flow. The FCF / Net Income ratio of -0.0x shows cash consumption — the business is not yet self-funding.

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