Earnings history

last 4 reports each · paired by recencyMethod

MRSH

3 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±2.7%+4.56%×1.70

Q2 FY26±6.7%−0.28%×0.04

Q1 FY26±3.2%+4.39%×1.38

Jan 29 '26±4.8%+6.00%×1.25

BRO

1 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±7.0%−4.97%×0.71

Q2 FY26±7.6%+5.67%×0.75

Q1 FY26±7.3%−4.51%×0.62

Jan 27 '26±5.2%−6.91%×1.33

= impliedMRSH realized, solidBRO realized, hatchedOne scale, both sides: full bar = 8%× = |realized| ÷ impliedSource: market data

MRSH compared with BRO: revenue, margins and what each company keeps, and the suppliers and customers both name