Markel Corporation (MKL) Earnings History
Annual and quarterly earnings data from 1989 to 2025
Loading earnings history...
MKL EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MKL Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 69.4% | 16.5% | 12.7% |
| 2024 | 55.4% | 21.7% | 16.4% |
| 2023 | 51.4% | 16.9% | 12.7% |
| 2022 | 28.8% | -1.3% | -1.8% |
| 2021 | 45.6% | 24.2% | 18.8% |
Download Data
Export MKL earnings history in CSV or JSON format
Free sign-in required to download data
Markel Corporation (MKL) Earnings Overview
As of May 6, 2026, Markel Corporation (MKL) reported trailing twelve-month net income of $1.77B, reflecting -15.1% year-over-year growth. The company earned $157.85 per diluted share over the past four quarters, with a net profit margin of 12.7%.
Looking at the long-term picture, MKL's 5-year EPS compound annual growth rate (CAGR) stands at +24.9%, indicating exceptional earnings growth. The company achieved its highest annual net income of $2.75B in fiscal 2024.
Markel Corporation maintains positive profitability with a gross margin of 69.4%, operating margin of 16.5%, and net margin of 12.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including RLI ($395M net income, 21.4% margin), ERIE ($571M net income, 13.8% margin), HCI ($309M net income, 35.6% margin), MKL has room to improve margins relative to the peer group. Compare MKL vs RLI →
MKL Earnings vs Peers
Earnings metrics vs comparable public companies
MKL Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.11B | -23.3% | $2.73B | $169.22 | 12.7% | 16.5% |
| 2024 | $2.75B | +37.6% | $3.64B | $199.32 | 16.4% | 21.7% |
| 2023 | $2.00B | +1022.9% | $2.65B | $146.98 | 12.7% | 16.9% |
| 2022 | -$216M | -108.9% | -$152M | $-23.72 | -1.8% | -1.3% |
| 2021 | $2.42B | +196.9% | $3.13B | $176.51 | 18.8% | 24.2% |
| 2020 | $816M | -54.4% | $1.00B | $55.63 | 8.5% | 10.4% |
| 2019 | $1.79B | +1496.8% | $2.29B | $129.07 | 18.8% | 24.0% |
| 2018 | -$128M | -132.4% | -$8M | $-9.21 | -1.8% | -0.1% |
| 2017 | $395M | -13.3% | $87M | $25.81 | 6.5% | 1.4% |
| 2016 | $456M | -21.8% | $630M | $31.27 | 8.1% | 11.2% |
Full MKL Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See MKL's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MKL Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare MKL vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonMKL — Frequently Asked Questions
Quick answers to the most common questions about buying MKL stock.
Is MKL growing earnings?
MKL EPS fell to $157.85, with earnings declining -15.1%. This contrasts with the 5-year CAGR of +24.9%. TTM net income dropped to $1.8B.
What are MKL's profit margins?
Markel Corporation net margin is +12.7%, with operating margin at +16.5%. Margins sit within typical range for the sector.
How consistent are MKL's earnings?
MKL earnings data spans 1989-2025. The declining earnings trend is -15.1% YoY. Historical data enables comparison across business cycles.