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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.7B, roughly 1.3× Molson Coors Beverage Company). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 5.5%, a 10.6% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $-212.9M). Over the past eight quarters, MARKEL GROUP INC.'s revenue compounded faster (-10.5% CAGR vs -15.8%).
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
MKL vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $2.7B |
| Net Profit | $576.8M | $150.1M |
| Gross Margin | — | 33.0% |
| Operating Margin | 22.2% | — |
| Net Margin | 16.1% | 5.5% |
| Revenue YoY | -6.9% | 2.0% |
| Net Profit YoY | 5.0% | 25.0% |
| EPS (diluted) | $48.22 | $0.80 |
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.
| Q1 26 | — | $2.7B | ||
| Q4 25 | $3.6B | $3.1B | ||
| Q3 25 | $3.9B | $3.5B | ||
| Q2 25 | $4.6B | $3.7B | ||
| Q1 25 | $3.4B | $2.7B | ||
| Q4 24 | $3.8B | $3.2B | ||
| Q3 24 | $4.6B | $3.6B | ||
| Q2 24 | $3.7B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | $576.8M | $238.3M | ||
| Q3 25 | $751.3M | $-2.9B | ||
| Q2 25 | $657.1M | $428.7M | ||
| Q1 25 | $121.7M | $121.0M | ||
| Q4 24 | $549.2M | $287.8M | ||
| Q3 24 | $905.0M | $199.8M | ||
| Q2 24 | $267.7M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 10.4% | ||
| Q3 25 | 25.7% | -98.5% | ||
| Q2 25 | 24.1% | 15.6% | ||
| Q1 25 | 8.3% | 6.9% | ||
| Q4 24 | 15.5% | 12.0% | ||
| Q3 24 | 29.7% | 12.5% | ||
| Q2 24 | 11.1% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 16.1% | 7.6% | ||
| Q3 25 | 19.1% | -84.0% | ||
| Q2 25 | 14.3% | 11.5% | ||
| Q1 25 | 3.6% | 4.5% | ||
| Q4 24 | 14.3% | 8.9% | ||
| Q3 24 | 19.6% | 5.5% | ||
| Q2 24 | 7.2% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | $48.22 | $1.32 | ||
| Q3 25 | $59.25 | $-14.79 | ||
| Q2 25 | $49.67 | $2.13 | ||
| Q1 25 | $12.08 | $0.59 | ||
| Q4 24 | $39.02 | $1.39 | ||
| Q3 24 | $66.25 | $0.96 | ||
| Q2 24 | $18.62 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.0B | $382.6M |
| Total DebtLower is stronger | $4.3B | $3.8B |
| Stockholders' EquityBook value | $18.6B | $10.3B |
| Total Assets | $68.9B | $22.4B |
| Debt / EquityLower = less leverage | 0.23× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | $4.0B | $896.5M | ||
| Q3 25 | $4.0B | $950.2M | ||
| Q2 25 | $3.7B | $613.8M | ||
| Q1 25 | $4.2B | $412.7M | ||
| Q4 24 | $3.7B | $969.3M | ||
| Q3 24 | $3.9B | $1.0B | ||
| Q2 24 | $3.5B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.3B | $6.3B | ||
| Q3 25 | $4.3B | $6.3B | ||
| Q2 25 | $4.4B | $6.3B | ||
| Q1 25 | $4.4B | $6.2B | ||
| Q4 24 | $4.3B | $6.1B | ||
| Q3 24 | $4.4B | $6.2B | ||
| Q2 24 | $4.4B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $18.6B | $10.2B | ||
| Q3 25 | $18.0B | $10.3B | ||
| Q2 25 | $17.3B | $13.4B | ||
| Q1 25 | $17.1B | $13.1B | ||
| Q4 24 | $16.9B | $13.1B | ||
| Q3 24 | $17.0B | $13.3B | ||
| Q2 24 | $15.9B | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $68.9B | $22.7B | ||
| Q3 25 | $67.4B | $22.9B | ||
| Q2 25 | $66.8B | $26.8B | ||
| Q1 25 | $64.6B | $25.9B | ||
| Q4 24 | $61.9B | $26.1B | ||
| Q3 24 | $62.3B | $26.6B | ||
| Q2 24 | $59.7B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 0.23× | 0.61× | ||
| Q3 25 | 0.24× | 0.61× | ||
| Q2 25 | 0.25× | 0.47× | ||
| Q1 25 | 0.26× | 0.47× | ||
| Q4 24 | 0.26× | 0.47× | ||
| Q3 24 | 0.26× | 0.47× | ||
| Q2 24 | 0.28× | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $662.2M | — |
| Free Cash FlowOCF − Capex | $599.1M | $-212.9M |
| FCF MarginFCF / Revenue | 16.7% | -7.8% |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $662.2M | $540.7M | ||
| Q3 25 | $1.2B | $616.1M | ||
| Q2 25 | $504.4M | $718.3M | ||
| Q1 25 | $376.2M | $-90.7M | ||
| Q4 24 | $493.9M | $494.5M | ||
| Q3 24 | $890.8M | $521.2M | ||
| Q2 24 | $578.6M | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | $599.1M | $357.8M | ||
| Q3 25 | $1.2B | $483.0M | ||
| Q2 25 | $453.8M | $555.0M | ||
| Q1 25 | $335.5M | $-328.0M | ||
| Q4 24 | $420.0M | $383.4M | ||
| Q3 24 | $838.9M | $350.4M | ||
| Q2 24 | $521.4M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 16.7% | 11.4% | ||
| Q3 25 | 29.6% | 13.9% | ||
| Q2 25 | 9.9% | 14.8% | ||
| Q1 25 | 9.9% | -12.2% | ||
| Q4 24 | 10.9% | 11.8% | ||
| Q3 24 | 18.2% | 9.7% | ||
| Q2 24 | 14.1% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 5.9% | ||
| Q3 25 | 1.3% | 3.8% | ||
| Q2 25 | 1.1% | 4.4% | ||
| Q1 25 | 1.2% | 8.8% | ||
| Q4 24 | 1.9% | 3.4% | ||
| Q3 24 | 1.1% | 4.7% | ||
| Q2 24 | 1.5% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 2.27× | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.77× | 1.68× | ||
| Q1 25 | 3.09× | -0.75× | ||
| Q4 24 | 0.90× | 1.72× | ||
| Q3 24 | 0.98× | 2.61× | ||
| Q2 24 | 2.16× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
TAP
Segment breakdown not available.
