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Net margin at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
20.1%+0.3pp
Marsh logo
MarshMRSH
14.3%-1.9pp
Brown & Brown logo
Brown & BrownBRO
17.9%-2.9pp
Aon plc logo
Aon plcAON
22.5%+7.0pp
Arthur J. Gallagher logo
Arthur J. GallagherAJG
10.8%-2.2pp
Cognizant logo
CognizantCTSH
10.4%-1.3pp

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

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 trailing twelve months.

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 margin?
Willis Towers Watson (WTW) reported net margin of 16.8% in Q1 2026.
What is the long-term trend for Willis Towers Watson's net margin?
Over 2 years (2021 to 2023), Willis Towers Watson's net margin has grown at a -34.0% compound annual growth rate (CAGR), from 105.9% to 46.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.