Aon vs Willis Towers Watson
AON and WTW side by side, both in insurance agents, brokers, and service. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How AON and WTW compare
Aon is the larger company, worth 2.3 times as much as Willis Towers Watson ($71.8B against $30.9B).
On earnings, Aon is cheaper: it trades at 18.5× trailing earnings, against 20.4× for Willis Towers Watson.
Willis Towers Watson grew revenue faster over the last twelve months (4.8% versus 3.8% for Aon).
Aon keeps more of each dollar of sales as profit, with a net margin of 22.2% compared with 15.2% at Willis Towers Watson.
Both pay dividends: Aon yields 0.48% and Willis Towers Watson 1.1%.
Aon scores higher on the StockData Score (19 against 17 for Willis Towers Watson), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | AON | WTW |
|---|---|---|
| Size and price | ||
| Market cap | $71.8B | $30.9B |
| Share price | $338.31 | $335.34 |
| Change, 1 year | −3.4% | 4.8% |
| Change, 5 years | 14.0% | 44.0% |
| Beta (5Y) | 0.56 | 0.56 |
| Employees | 60K | 47K |
| StockData Score | ||
| Total score | 19 (better) | 17 |
| Valuation score | 4 | 4 |
| Growth score | 3 (better) | 2 |
| Performance score | 6 (better) | 4 |
| Health score | 2 | 3 (better) |
| Dividend score | 4 | 4 |
| Valuation | ||
| P/E | 18.5× (better) | 20.4× |
| P/S | 4.1× | 3.0× (better) |
| P/B | 7.1× | 4.0× (better) |
| EV/EBITDA | 18.2× | 15.8× (better) |
| P/FCF | 22.0× | 17.7× (better) |
| PEG | 1.55 | 0.93 (better) |
| FCF yield | 4.6% | 5.6% (better) |
| Fair value | $465.08 | $374.76 |
| Margin of safety | 27.3% (better) | 10.5% |
| Growth | ||
| Revenue growth (TTM) | 3.8% | 4.8% (better) |
| Revenue growth, 5Y average | 9.2% (better) | 2.4% |
| Net income growth (TTM) | 44.7% (better) | −26.1% |
| EPS growth (TTM) | 46.3% | – |
| EPS growth, 5Y average | 15.0% | 16.3% (better) |
| Profitability | ||
| Operating margin | 26.3% (better) | 22.0% |
| Net margin | 22.2% (better) | 15.2% |
| FCF margin | 18.5% (better) | 17.0% |
| Return on equity | 43.6% (better) | 20.2% |
| Return on invested capital | 15.7% (better) | 15.4% |
| Financial health | ||
| Debt / equity | 2.78 | 0.84 (better) |
| Net debt / EBITDA | 2.74 | 2.02 (better) |
| Interest coverage | 6.2× | 7.5× (better) |
| Current ratio | 1.58 (better) | 1.10 |
| Altman Z-score | 1.57 (better) | 1.46 |
| Piotroski F-score | 5 | 7 (better) |
| Dividends and buybacks | ||
| Dividend yield | 0.48% | 1.1% (better) |
| Payout ratio | 17.1% | 22.8% |
| Years of dividend growth | 14 (better) | 9 |
| Dividend growth, 5Y average | 10.3% (better) | 6.0% |
| Buyback yield | 1.8% | 4.3% (better) |
| Shareholder yield | 2.3% | 5.4% (better) |
| Ownership | ||
| Held by institutions | 90.9% | 104% |
| Held by insiders | 0.91% | 0.41% |
| Insider net buying, 12 months | $3.1M (better) | $911K |
| Superinvestors holding | 6 (better) | 2 |
| Short interest, % of float | 1.8% | 2.5% |
Go deeper
- AON stock overview
- AON income statement
- AON valuation and score
- WTW stock overview
- WTW income statement
- WTW valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.