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Aon plc AON Return on invested capital

Return on invested capital at other companies

Brown & Brown logo
Brown & BrownBRO
11.9%+0.7pp
Arthur J. Gallagher logo
Arthur J. GallagherAJG
7.7%-2.7pp
Willis Towers Watson logo
Willis Towers WatsonWTW
14.8%+11.9pp
Ares Management Corporation logo
Ares Management CorporationARES
28%-5.0pp
American International Group logo
American International GroupAIG
6.6%+1.5pp
W.R. Berkley logo
W.R. BerkleyWRB
26.2%+0.6pp

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 return on invested capital?
Aon plc (AON) reported return on invested capital of 15.1% in Q1 2026.
How has Aon plc's return on invested capital changed year-over-year?
Aon plc's return on invested capital increased by 0.0% year-over-year, from 15.1% to 15.1%.
What is the long-term trend for Aon plc's return on invested capital?
Over 4 years (2021 to 2025), Aon plc's return on invested capital has grown at a -2.9% compound annual growth rate (CAGR), from 64.8% to 57.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.