# MARKEL GROUP INC. (MKL) · Edgar & Edgarette company card

> Markel Group (MKL) grew revenue 4.7% in FY2025 to $15.5 billion, operating margin 20.6%, equity 27.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1096343 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/MKL) · [JSON](https://www.pops4.com/boards/company/MKL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $15.5B |
| Revenue growth, 1 year | 4.7% |
| Revenue growth per year | 4.8% |
| Operating margin | 20.6% (prior year 25.1%) |
| Net margin | 13.9% |
| Operating cash flow | $2.8B |
| Capital spending | $207M |
| Free cash flow | $2.6B |
| Cash | $4.0B |
| Long-term debt | $4.3B |
| Total assets | $68.9B |
| Total equity | $18.6B |
| Equity ÷ assets | 27.0% |
| Return on equity | 11.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $15.5B (FY2025), total debt $4.3B. Experience: revenue up 4.7% on the year, up 4.8% a year over 4 years; operating margin 20.6%, down from 25.1%. Soundness: equity 27.0% of assets, return on equity 11.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $14.1B and $18.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $12.5B to $20.4B. A statistical range, not company guidance. Against peers (54 filers, $50M+ revenue, fire, marine & casualty insurance): growth 4.7% against 7.4%.

Range logged 2026-09-25, receipt ef252f6a7ab753b8, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-09-08 ([filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000074/0001096343-26-000074-index.htm))

## Recent filings

- 8-K · filed 2026-10-28 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000082/0001096343-26-000082-index.htm)
- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000080/0001096343-26-000080-index.htm)
- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000074/0001096343-26-000074-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000064/0001096343-26-000064-index.htm)
- 8-K · filed 2026-05-22 · 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000050/0001096343-26-000050-index.htm)
- 8-K · filed 2026-05-20 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000046/0001096343-26-000046-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001096343.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1096343

## Cite

POPS4, Edgar & Edgarette: MARKEL GROUP INC. (MKL) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/MKL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.