Where do Willis Towers Watson's ratios come from?

Every ratio is computed from Willis Towers Watson'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.

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	76.9%+42.7pp	62.1%+21.7pp	45.4%-3.1pp	28.9%-28.3pp	34.2%-22.6pp
Returns
Return on invested capital	48.2%+30.6pp	36.3%+13.8pp	23%-5.2pp	12.7%-19.2pp	17.6%-13.6pp
Efficiency
Asset turnover	1.4×0.0×	1.4×0.0×	1.4×+0.1×	1.4×+0.1×	1.4×+0.1×
Liquidity
Current ratio	4.6×0.0×	4.6×0.0×	4.6×+0.2×	4.6×+0.3×	4.6×+0.3×
Leverage
Debt-to-equity	3.2×+0.3×	3.1×+0.2×	3×+0.2×	3×+0.4×	2.9×+0.3×
Net debt / EBITDA	7.8×-6.8×	9.6×-4.0×	11.9×-0.3×	15×+5.0×	14.6×+4.5×
Per Share
Book value per share	$323.59+0.3%	$321.02-3.7%	$318.30-7.8%	$312.82-13.4%	$322.47-11.0%
Valuation
Market capitalization	$122.53B+0.6%	$128.73B+10.5%	$128.82B+17.3%	$125.03B+22.8%	$121.85B+21.8%
Price / sales	12.5×+0.1×	13.2×+1.2×	13.1×+1.7×	12.7×+2.0×	12.4×+1.7×
Price / book	15.4×+0.5×	16.1×+2.3×	16.2×+3.7×	15.8×+5.0×	15×+4.5×
EV / EBITDA	65.2×-50.8×	84.3×-18.3×	103.9×+18.4×	124.4×+59.7×	116×+51.6×
Dividend yield	4.7%0.0pp	4.5%-0.4pp	4.4%-0.7pp	4.5%-1.0pp	4.7%-1.0pp

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Where do Willis Towers Watson's ratios come from?: Every ratio is computed from Willis Towers Watson'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.