Item 1. Business Aon plc (which may be referred to as “Aon,” the “Company,” “we,” “us,” or “our”) is a leading global professional services firm. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise and locally relevant solutions, our colleagues provide clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. With clients around the world facing growing uncertainty and volatility, we remain focused on accelerating our Aon United strategy to serve clients as one globally connected firm and driving innovation to address unmet and evolving client need. We serve clients in more than 120 countries across all market segments and nearly every industry. This diversification of our client base helps provide our firm with stability in different economic scenarios that could affect specific industries, customer segments, or geographies.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 17.2B | 17.2B | 15.7B | 13.4B | 12.5B | 12.2B |
| Net Income | 3.7B | 3.7B | 2.7B | 2.6B | 2.6B | 1.3B |
| EPS | $17.02 | $17.02 | $12.49 | $12.51 | $12.14 | $5.55 |
| Free Cash Flow | 3.2B | 3.2B | 2.8B | 3.2B | 3.0B | 2.0B |
| ROIC | 14.2% | 15.9% | 11.9% | 28.0% | 27.9% | 12.5% |
| Gross Margin | 47.7% | 47.7% | 47.2% | 48.4% | 95.7% | 75.2% |
| Debt/Equity | 1.69 | 1.69 | 2.90 | -15.02 | -20.24 | 9.48 |
| Dividends/Share | $2.90 | $2.91 | $2.64 | $2.41 | $2.19 | $1.99 |
| Operating Income | 4.3B | 4.3B | 3.8B | 3.8B | 3.7B | 2.1B |
| Operating Margin | 25.3% | 25.3% | 24.4% | 28.3% | 29.4% | 17.1% |
| ROE | 39.5% | 47.8% | 43.4% | -310.4% | - | 55.1% |
| Shares Outstanding | 217M | 217M | 212M | 205M | 213M | 226M |
Aon plc passes 7 of 9 quality checks, indicating strong fundamentals.
Aon plc trades at 19.1x trailing earnings, compared to its 15-year median P/E of 25.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 21.7x vs a median of 23.6x. The company's 5-year average ROIC is 19.2% with a gross margin of 62.9%. Total shareholder yield (dividends + buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is +20.2%.
Aon plc (AON) has a current P/E ratio of 19.1, compared to its historical median P/E of 25.4. The stock is currently considered Fair based on its historical valuation range.
Aon plc (AON) has a 5-year average return on invested capital (ROIC) of 19.2%. This indicates strong capital allocation and a potential competitive advantage.
Aon plc (AON) has a market capitalization of $70.6B. It is classified as a large-cap stock.
Yes, Aon plc (AON) pays a dividend with a trailing twelve-month yield of 0.89%. The company also returns capital through share buybacks, with a buyback yield of 1.42%.
Based on historical P/E analysis, Aon plc (AON) appears fair. The current P/E of 19.1 is 25% below its historical median of 25.4. The estimated fair value CAGR (P/E method) is 22.8%.
Aon plc (AON) operates in the Insurance Agents, Brokers & Service industry, within the Financials sector.
Aon plc (AON) reported annual revenue of $17.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Aon plc (AON) has a net profit margin of 21.5%. This is a strong margin indicating high profitability.
Aon plc (AON) generated $3.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Aon plc (AON) has a debt-to-equity ratio of 1.69. This indicates higher leverage, which may increase financial risk.
Aon plc (AON) reported earnings per share (EPS) of $17.02 in its most recent fiscal year.
Aon plc (AON) has a return on equity (ROE) of 47.8%. This indicates the company generates strong returns for shareholders.
Aon plc (AON) has a 5-year average gross margin of 62.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for Aon plc (AON), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Aon plc (AON) has a book value per share of $43.08, based on its most recent annual SEC filing.