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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×+0.1×
Brown & Brown logo
Brown & BrownBRO
3.5×+3.0×
Robert Half logo
Robert HalfRHI
-0.2×-0.1×
Aon plc logo
Aon plcAON
-1.0×
Arthur J. Gallagher logo
Arthur J. GallagherAJG
3.2×+2.6×

Other financials

Income statement

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Revenue$2.5B+9.1%
Operating income$364.0M-1.1%
Net income$229.0M-30.8%
EPS (diluted)$2.43-26.8%

Balance sheet

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Cash & equivalents$1.6B-17.1%
Total debt$7.1B+19.6%
Total equity$7.7B-5.1%
Total assets$30.6B+7.3%

Cash flow

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Operating cash flow$484.0M+34.1%
CapEx$59.0M+1.7%
Free cash flow$425.0M+40.3%

Valuation

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Market cap$31.2B-0.3%
Enterprise value$36.67B+4.0%
P/E19.9×
P/S3.1×-0.1×

Profitability

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Operating margin22.2%+12.7pp
Net margin15.5%
FCF margin16.7%+4.7pp

Returns & leverage

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Return on equity19.8%
Debt / equity0.9×+0.2×
Current ratio1.1×0.0×

Where this comes from

Calculated from Willis Towers Watson’s reported figures.

Based on the most recent quarter.

The source filing: Willis Towers Watson’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 12:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-325374

FAQ

What is Willis Towers Watson's net debt / EBITDA?
Willis Towers Watson (WTW) reported net debt / EBITDA of 2.1× in Q2 2026.
How has Willis Towers Watson's net debt / EBITDA changed year-over-year?
Willis Towers Watson's net debt / EBITDA decreased by 29.6% year-over-year, from 2.9× to 2.1×.
What is the long-term trend for Willis Towers Watson's net debt / EBITDA?
Over 5 years (2020 to 2025), Willis Towers Watson's net debt / EBITDA has grown at a -9.8% compound annual growth rate (CAGR), from 2.4× to 1.4×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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