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Willis Towers Watson WTW Net debt / EBITDA

Net debt / EBITDA at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
0.2×+0.1×
Marsh logo
MarshMRSH
2.9×0.0×
Brown & Brown logo
Brown & BrownBRO
3.8×+1.7×
Aon plc logo
Aon plcAON
2.9×-1.4×
Arthur J. Gallagher logo
Arthur J. GallagherAJG
3.2×+2.6×
Cognizant logo
CognizantCTSH
-0.1×0.0×

Other financials

Income statement

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Revenue$2.4B+8.5%
Operating income$448.0M+3.7%
Net income$297.0M+26.4%
EPS (diluted)$3.10+33.1%

Balance sheet

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Cash & equivalents$1.9B+23.1%
Total debt$6.9B+16.5%
Total equity$8.0B-1.9%
Total assets$29.6B+5.6%

Cash flow

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Operating cash flow-$10.0M+71.4%
CapEx$55.0M+7.8%
Free cash flow-$65.0M+24.4%

Valuation

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Market cap$24.56B-18.5%
Enterprise value$29.61B-14.7%
P/E14.7×
P/S2.5×-0.6×

Profitability

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Operating margin22.7%+14.8pp
Net margin16.8%

Returns & leverage

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Return on equity20.7%
Debt / equity0.9×+0.1×
Current ratio1.2×0.0×

Where this comes from

Calculated from Willis Towers Watson’s reported figures.

Based on the most recent quarter.

The official record: Willis Towers Watson’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Willis Towers Watson's net debt / EBITDA?
Willis Towers Watson (WTW) reported net debt / EBITDA of 1.9× in Q1 2026.
How has Willis Towers Watson's net debt / EBITDA changed year-over-year?
Willis Towers Watson's net debt / EBITDA decreased by 47.9% year-over-year, from 3.6× to 1.9×.
What is the long-term trend for Willis Towers Watson's net debt / EBITDA?
Over 4 years (2021 to 2025), Willis Towers Watson's net debt / EBITDA has grown at a 10.8% compound annual growth rate (CAGR), from 6.3× to 9.6×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.