Aon plc AON Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 26.3%+1.0pp | 25.3%+0.5pp | 24.8%+0.7pp | 24.1%+0.7pp | 23.4%-1.0pp | |
| Net margin | 22.5%+1.0pp | 21.5%+5.5pp | 16%+0.4pp | 15.5%0.0pp | 15.6%-1.3pp | |
| EBITDA margin | 27.4%+1.0pp | 26.4%+0.5pp | 25.9%+0.7pp | 25.2%+0.6pp | 24.6%-1.0pp | |
| Free cash flow margin | 20%+1.3pp | 18.7%+0.9pp | 17.9%+0.5pp | 17.4%+1.2pp | 16.1%-1.8pp | |
| Returns | ||||||
| Return on equity | 46.8%-0.9pp | 47.8%+9.4pp | 38.3%+0.3pp | 38%— | —— | |
| Return on assets | 7.7%+0.3pp | 7.4%+2.1pp | 5.4%+0.4pp | 4.9%-0.7pp | 5.6%-0.8pp | |
| Return on invested capital | 15.1%+0.5pp | 14.5%+0.1pp | 14.5%+0.9pp | 13.6%-1.5pp | 15.1%-3.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.4×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.1×0.0× | 1.1×+0.1× | 1.1×0.0× | 1×0.0× | 1×0.0× | |
| Quick ratio | 1.1×0.0× | 1.1×+0.1× | 1.1×0.0× | 1×0.0× | 1×0.0× | |
| Cash ratio | 0×0.0× | 0.1×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.6×-0.2× | 1.7×-0.5× | 2.2×-0.1× | 2.3×-0.3× | 2.6×-0.3× | |
| Debt-to-assets | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.4×0.0× | |
| Net debt / EBITDA | 2.9×-0.3× | 3.3×-0.4× | 3.7×-0.3× | 4×-0.3× | 4.3×+0.1× | |
| Interest coverage | 5.8×+0.5× | 5.3×+0.2× | 5.1×+0.3× | 4.8×+0.3× | 4.5×-0.4× | |
| Per Share | ||||||
| Book value per share | $45.65+6.0% | $43.08+17.6% | $36.64+1.5% | $36.09+12.3% | $32.14+11.6% | |
| Valuation | ||||||
| Market capitalization | $69.16B-8.8% | $75.85B-1.4% | $76.89B-1.3% | $77.89B-9.6% | $86.2B+11.0% | |
| Enterprise value | $83.28B-8.2% | $90.72B-2.7% | $93.23B-1.7% | $94.87B-8.4% | $103.56B+9.6% | |
| Price / earnings | 17.5×-3.0× | 20.5×-7.8× | 28.3×-1.6× | 29.9×-3.9× | 33.8×+4.6× | |
| Price / sales | 4×-0.5× | 4.4×-0.1× | 4.5×-0.1× | 4.6×-0.6× | 5.3×+0.3× | |
| Price / book | 7×-1.1× | 8.1×-1.6× | 9.7×-0.2× | 9.9×-2.4× | 12.3×-0.4× | |
| EV / EBITDA | 17.4×-2.6× | 20×-1.1× | 21.1×-1.4× | 22.5×-3.3× | 25.8×+2.3× | |
| EV / sales | 4.8×-0.5× | 5.3×-0.2× | 5.5×-0.2× | 5.7×-0.7× | 6.3×+0.3× | |
| Free cash flow yield | 5.1%+0.8pp | 4.2%+0.3pp | 4%+0.2pp | 3.7%+0.7pp | 3.1%-0.6pp | |
| Earnings yield | 5.7%+0.8pp | 4.9%+1.3pp | 3.5%+0.2pp | 3.3%+0.4pp | 3%-0.5pp | |
| Dividend yield | 0.9%+0.1pp | 0.8%0.0pp | 0.8%0.0pp | 0.8%+0.1pp | 0.7%0.0pp | |
| PEG ratio | 0.3×-0.2× | 0.5×-1.9× | 2.4×-11.7× | 14.1×— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Aon plc's ratios come from?
- Every ratio is computed from Aon plc's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
