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Side-by-side financial comparison of BARRICK MINING CORP (B) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.

BARRICK MINING CORP is the larger business by last-quarter revenue ($3.7B vs $3.6B, roughly 1.0× MARKEL GROUP INC.). BARRICK MINING CORP runs the higher net margin — 34.1% vs 16.1%, a 18.0% gap on every dollar of revenue. On growth, BARRICK MINING CORP posted the faster year-over-year revenue change (16.4% vs -6.9%).

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

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

B vs MKL — Head-to-Head

Bigger by revenue
B
B
1.0× larger
B
$3.7B
$3.6B
MKL
Growing faster (revenue YoY)
B
B
+23.3% gap
B
16.4%
-6.9%
MKL
Higher net margin
B
B
18.0% more per $
B
34.1%
16.1%
MKL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
B
B
MKL
MKL
Revenue
$3.7B
$3.6B
Net Profit
$1.3B
$576.8M
Gross Margin
49.0%
Operating Margin
38.5%
22.2%
Net Margin
34.1%
16.1%
Revenue YoY
16.4%
-6.9%
Net Profit YoY
98.1%
5.0%
EPS (diluted)
$0.47
$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
B
B
MKL
MKL
Q4 25
$3.6B
Q3 25
$3.9B
Q2 25
$3.7B
$4.6B
Q1 25
$3.4B
Q4 24
$3.8B
Q3 24
$4.6B
Q2 24
$3.2B
$3.7B
Q1 24
$4.5B
Net Profit
B
B
MKL
MKL
Q4 25
$576.8M
Q3 25
$751.3M
Q2 25
$1.3B
$657.1M
Q1 25
$121.7M
Q4 24
$549.2M
Q3 24
$905.0M
Q2 24
$634.0M
$267.7M
Q1 24
$1.0B
Gross Margin
B
B
MKL
MKL
Q4 25
Q3 25
Q2 25
49.0%
Q1 25
Q4 24
Q3 24
Q2 24
37.4%
Q1 24
Operating Margin
B
B
MKL
MKL
Q4 25
22.2%
Q3 25
25.7%
Q2 25
38.5%
24.1%
Q1 25
8.3%
Q4 24
15.5%
Q3 24
29.7%
Q2 24
34.5%
11.1%
Q1 24
29.9%
Net Margin
B
B
MKL
MKL
Q4 25
16.1%
Q3 25
19.1%
Q2 25
34.1%
14.3%
Q1 25
3.6%
Q4 24
14.3%
Q3 24
19.6%
Q2 24
20.1%
7.2%
Q1 24
23.0%
EPS (diluted)
B
B
MKL
MKL
Q4 25
$48.22
Q3 25
$59.25
Q2 25
$0.47
$49.67
Q1 25
$12.08
Q4 24
$39.02
Q3 24
$66.25
Q2 24
$0.21
$18.62
Q1 24
$75.43

Balance Sheet & Financial Strength

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

Metric
B
B
MKL
MKL
Cash + ST InvestmentsLiquidity on hand
$4.8B
$4.0B
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$33.4B
$18.6B
Total Assets
$47.3B
$68.9B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
B
B
MKL
MKL
Q4 25
$4.0B
Q3 25
$4.0B
Q2 25
$4.8B
$3.7B
Q1 25
$4.2B
Q4 24
$3.7B
Q3 24
$3.9B
Q2 24
$4.0B
$3.5B
Q1 24
$3.6B
Total Debt
B
B
MKL
MKL
Q4 25
$4.3B
Q3 25
$4.3B
Q2 25
$4.4B
Q1 25
$4.4B
Q4 24
$4.3B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$3.9B
Stockholders' Equity
B
B
MKL
MKL
Q4 25
$18.6B
Q3 25
$18.0B
Q2 25
$33.4B
$17.3B
Q1 25
$17.1B
Q4 24
$16.9B
Q3 24
$17.0B
Q2 24
$32.5B
$15.9B
Q1 24
$15.7B
Total Assets
B
B
MKL
MKL
Q4 25
$68.9B
Q3 25
$67.4B
Q2 25
$47.3B
$66.8B
Q1 25
$64.6B
Q4 24
$61.9B
Q3 24
$62.3B
Q2 24
$46.2B
$59.7B
Q1 24
$57.3B
Debt / Equity
B
B
MKL
MKL
Q4 25
0.23×
Q3 25
0.24×
Q2 25
0.25×
Q1 25
0.26×
Q4 24
0.26×
Q3 24
0.26×
Q2 24
0.28×
Q1 24
0.25×

Cash Flow & Capital Efficiency

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

Metric
B
B
MKL
MKL
Operating Cash FlowLast quarter
$1.3B
$662.2M
Free Cash FlowOCF − Capex
$599.1M
FCF MarginFCF / Revenue
16.7%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.06×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
B
B
MKL
MKL
Q4 25
$662.2M
Q3 25
$1.2B
Q2 25
$1.3B
$504.4M
Q1 25
$376.2M
Q4 24
$493.9M
Q3 24
$890.8M
Q2 24
$1.2B
$578.6M
Q1 24
$630.7M
Free Cash Flow
B
B
MKL
MKL
Q4 25
$599.1M
Q3 25
$1.2B
Q2 25
$453.8M
Q1 25
$335.5M
Q4 24
$420.0M
Q3 24
$838.9M
Q2 24
$521.4M
Q1 24
$558.7M
FCF Margin
B
B
MKL
MKL
Q4 25
16.7%
Q3 25
29.6%
Q2 25
9.9%
Q1 25
9.9%
Q4 24
10.9%
Q3 24
18.2%
Q2 24
14.1%
Q1 24
12.5%
Capex Intensity
B
B
MKL
MKL
Q4 25
1.8%
Q3 25
1.3%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
1.9%
Q3 24
1.1%
Q2 24
1.5%
Q1 24
1.6%
Cash Conversion
B
B
MKL
MKL
Q4 25
1.15×
Q3 25
1.62×
Q2 25
1.06×
0.77×
Q1 25
3.09×
Q4 24
0.90×
Q3 24
0.98×
Q2 24
1.83×
2.16×
Q1 24
0.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

B
B

Segment breakdown not available.

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%

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