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Aon plc AON Free cash flow margin

Free cash flow margin at other companies

Marsh logo
MarshMRSH
17.9%+1.2pp
Brown & Brown logo
Brown & BrownBRO
22.3%-3.7pp
Arthur J. Gallagher logo
Arthur J. GallagherAJG
21%-0.1pp
Willis Towers Watson logo
Willis Towers WatsonWTW
15.8%+3.4pp
American International Group logo
American International GroupAIG
21.5%
Arch Capital Group logo
Arch Capital GroupACGL
29.6%-6.3pp

Other financials

Income statement

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Revenue$5.0B+6.5%
Operating income$1.7B+17.4%
Net income$1.2B+25.6%
EPS (diluted)$5.63+27.1%

Balance sheet

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Cash & equivalents$1.2B+22.2%
Total debt$15.3B-16.5%
Total equity$9.8B+40.4%
Total assets$51.4B+2.2%

Cash flow

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Operating cash flow$430.0M+207%
CapEx$67.0M+19.6%
Free cash flow$363.0M+332%

Valuation

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Market cap$69.77B-19.8%
Enterprise value$83.89B-19.6%
P/E17.7×-16.4×
P/S-1.3×

Profitability

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Operating margin26.3%+2.9pp
Net margin22.5%+7.0pp

Returns & leverage

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Return on equity46.8%
Debt / equity1.6×-1.1×
Current ratio1.1×0.0×

Where this comes from

Calculated from Aon plc’s reported figures.

Based on trailing twelve months.

The official record: Aon plc’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aon plc's free cash flow margin?
Aon plc (AON) reported free cash flow margin of 20% in Q1 2026.
How has Aon plc's free cash flow margin changed year-over-year?
Aon plc's free cash flow margin increased by 23.9% year-over-year, from 16.1% to 20%.
What is the long-term trend for Aon plc's free cash flow margin?
Over 4 years (2021 to 2025), Aon plc's free cash flow margin has grown at a -4.3% compound annual growth rate (CAGR), from 83.6% to 70.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.