vs

Side-by-side financial comparison of Agilent Technologies (A) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.

MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $1.8B, roughly 2.0× Agilent Technologies). Agilent Technologies runs the higher net margin — 17.0% vs 16.1%, a 0.8% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $175.0M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs -10.5%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.

A vs MKL — Head-to-Head

Bigger by revenue
MKL
MKL
2.0× larger
MKL
$3.6B
$1.8B
A
Growing faster (revenue YoY)
A
A
+13.8% gap
A
7.0%
-6.9%
MKL
Higher net margin
A
A
0.8% more per $
A
17.0%
16.1%
MKL
More free cash flow
MKL
MKL
$424.1M more FCF
MKL
$599.1M
$175.0M
A
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
-10.5%
MKL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
MKL
MKL
Revenue
$1.8B
$3.6B
Net Profit
$305.0M
$576.8M
Gross Margin
52.6%
Operating Margin
19.6%
22.2%
Net Margin
17.0%
16.1%
Revenue YoY
7.0%
-6.9%
Net Profit YoY
-4.1%
5.0%
EPS (diluted)
$1.07
$48.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
MKL
MKL
Q1 26
$1.8B
Q4 25
$1.9B
$3.6B
Q3 25
$1.7B
$3.9B
Q2 25
$1.7B
$4.6B
Q1 25
$1.7B
$3.4B
Q4 24
$1.7B
$3.8B
Q3 24
$1.6B
$4.6B
Q2 24
$1.6B
$3.7B
Net Profit
A
A
MKL
MKL
Q1 26
$305.0M
Q4 25
$434.0M
$576.8M
Q3 25
$336.0M
$751.3M
Q2 25
$215.0M
$657.1M
Q1 25
$318.0M
$121.7M
Q4 24
$351.0M
$549.2M
Q3 24
$282.0M
$905.0M
Q2 24
$308.0M
$267.7M
Gross Margin
A
A
MKL
MKL
Q1 26
52.6%
Q4 25
53.2%
Q3 25
51.1%
Q2 25
51.9%
Q1 25
53.5%
Q4 24
53.9%
Q3 24
54.2%
Q2 24
54.4%
Operating Margin
A
A
MKL
MKL
Q1 26
19.6%
Q4 25
23.8%
22.2%
Q3 25
20.7%
25.7%
Q2 25
18.0%
24.1%
Q1 25
22.4%
8.3%
Q4 24
24.0%
15.5%
Q3 24
21.1%
29.7%
Q2 24
23.1%
11.1%
Net Margin
A
A
MKL
MKL
Q1 26
17.0%
Q4 25
23.3%
16.1%
Q3 25
19.3%
19.1%
Q2 25
12.9%
14.3%
Q1 25
18.9%
3.6%
Q4 24
20.6%
14.3%
Q3 24
17.9%
19.6%
Q2 24
19.6%
7.2%
EPS (diluted)
A
A
MKL
MKL
Q1 26
$1.07
Q4 25
$1.53
$48.22
Q3 25
$1.18
$59.25
Q2 25
$0.75
$49.67
Q1 25
$1.11
$12.08
Q4 24
$1.23
$39.02
Q3 24
$0.97
$66.25
Q2 24
$1.05
$18.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
MKL
MKL
Cash + ST InvestmentsLiquidity on hand
$1.8B
$4.0B
Total DebtLower is stronger
$3.0B
$4.3B
Stockholders' EquityBook value
$6.9B
$18.6B
Total Assets
$12.8B
$68.9B
Debt / EquityLower = less leverage
0.44×
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
MKL
MKL
Q1 26
$1.8B
Q4 25
$1.8B
$4.0B
Q3 25
$1.5B
$4.0B
Q2 25
$1.5B
$3.7B
Q1 25
$1.5B
$4.2B
Q4 24
$1.3B
$3.7B
Q3 24
$1.8B
$3.9B
Q2 24
$1.7B
$3.5B
Total Debt
A
A
MKL
MKL
Q1 26
$3.0B
Q4 25
$3.0B
$4.3B
Q3 25
$3.4B
$4.3B
Q2 25
$3.3B
$4.4B
Q1 25
$3.3B
$4.4B
Q4 24
$3.3B
$4.3B
Q3 24
$2.1B
$4.4B
Q2 24
$2.1B
$4.4B
Stockholders' Equity
A
A
MKL
MKL
Q1 26
$6.9B
Q4 25
$6.7B
$18.6B
Q3 25
$6.4B
$18.0B
Q2 25
$6.1B
$17.3B
Q1 25
$6.0B
$17.1B
Q4 24
$5.9B
$16.9B
Q3 24
$5.9B
$17.0B
Q2 24
$6.2B
$15.9B
Total Assets
A
A
MKL
MKL
Q1 26
$12.8B
Q4 25
$12.7B
$68.9B
Q3 25
$12.2B
$67.4B
Q2 25
$12.2B
$66.8B
Q1 25
$11.9B
$64.6B
Q4 24
$11.8B
$61.9B
Q3 24
$11.0B
$62.3B
Q2 24
$10.9B
$59.7B
Debt / Equity
A
A
MKL
MKL
Q1 26
0.44×
Q4 25
0.45×
0.23×
Q3 25
0.53×
0.24×
Q2 25
0.55×
0.25×
Q1 25
0.56×
0.26×
Q4 24
0.57×
0.26×
Q3 24
0.36×
0.26×
Q2 24
0.34×
0.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
MKL
MKL
Operating Cash FlowLast quarter
$268.0M
$662.2M
Free Cash FlowOCF − Capex
$175.0M
$599.1M
FCF MarginFCF / Revenue
9.7%
16.7%
Capex IntensityCapex / Revenue
5.2%
1.8%
Cash ConversionOCF / Net Profit
0.88×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
MKL
MKL
Q1 26
$268.0M
Q4 25
$545.0M
$662.2M
Q3 25
$362.0M
$1.2B
Q2 25
$221.0M
$504.4M
Q1 25
$431.0M
$376.2M
Q4 24
$481.0M
$493.9M
Q3 24
$452.0M
$890.8M
Q2 24
$333.0M
$578.6M
Free Cash Flow
A
A
MKL
MKL
Q1 26
$175.0M
Q4 25
$452.0M
$599.1M
Q3 25
$259.0M
$1.2B
Q2 25
$107.0M
$453.8M
Q1 25
$334.0M
$335.5M
Q4 24
$388.0M
$420.0M
Q3 24
$360.0M
$838.9M
Q2 24
$230.0M
$521.4M
FCF Margin
A
A
MKL
MKL
Q1 26
9.7%
Q4 25
24.3%
16.7%
Q3 25
14.9%
29.6%
Q2 25
6.4%
9.9%
Q1 25
19.9%
9.9%
Q4 24
22.8%
10.9%
Q3 24
22.8%
18.2%
Q2 24
14.6%
14.1%
Capex Intensity
A
A
MKL
MKL
Q1 26
5.2%
Q4 25
5.0%
1.8%
Q3 25
5.9%
1.3%
Q2 25
6.8%
1.1%
Q1 25
5.8%
1.2%
Q4 24
5.5%
1.9%
Q3 24
5.8%
1.1%
Q2 24
6.5%
1.5%
Cash Conversion
A
A
MKL
MKL
Q1 26
0.88×
Q4 25
1.26×
1.15×
Q3 25
1.08×
1.62×
Q2 25
1.03×
0.77×
Q1 25
1.36×
3.09×
Q4 24
1.37×
0.90×
Q3 24
1.60×
0.98×
Q2 24
1.08×
2.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

MKL
MKL

Industrial$1.6B45%
Consumer And Other$958.3M27%
Financial$737.0M21%
Other$198.8M6%
Corporate Operations$52.0M1%
Revenue From Contract With Customer$10.5M0%

Related Comparisons