SuperworthAon AON
- Market cap
- $64.4B
- PE
- 16.7×
- 10y median 27.9×
- Forward PE
- 15.8×
- 10y median 20.1×
- Price to sales
- 3.7×
- EV/EBIT
- 16.8×
- Revenue, 12 months
- $17.6B
- +5% on a year ago
- Net margin
- 22.3%
- Free cash flow yield
- 5.0%
Aon trades at 16.7× trailing earnings, cheaper than 99% of the last ten years. Revenue was $17.6B over the last twelve months, up 5% on a year earlier with a 22% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $3B+10% | $3.4B+8% | $4.1B+5% | $3.8B+18% | $3.7B+26% | $4.1B+23% | $4.7B+16% | $4.2B+11% | $4B+7% | $4.3B+4% | $5B+6% | $4.2B+2% | |
| $691M+17% | $779M−23% | $1.5B−1% | $656M−22% | $623M−10% | $1.1B+40% | $1.5B−0% | $859M+31% | $816M+31% | $1.2B+11% | $1.7B+17% | $915M+7% | |
| Interest expense | $119M+16% | $124M+13% | $144M+30% | $225M+73% | $213M+79% | $206M+66% | $206M+43% | $212M−6% | $206M−3% | $191M−7% | $179M−13% | $179M−16% |
| Pre-tax income | $560M+10% | $609M−14% | $1.4B+6% | $698M+6% | $449M−20% | $891M+46% | $1.3B−12% | $703M+1% | $597M+33% | $2.2B+148% | $1.6B+24% | $724M+3% |
| $93M+1% | $102M+137% | $331M+26% | $160M+93% | $94M+1% | $157M+54% | $268M−19% | $109M−32% | $127M+35% | $505M+222% | $314M+17% | $159M+46% | |
| Net income | $456M+12% | $498M−24% | $1.1B+2% | $524M−6% | $343M−25% | $716M+44% | $965M−10% | $579M+11% | $458M+34% | $1.7B+137% | $1.2B+26% | $551M−5% |
| $2.23+16% | $2.47−21% | $5.35+6% | $2.46−9% | $1.57−30% | $3.28+33% | $4.43−17% | $2.66+8% | $2.11+34% | $7.82+138% | $5.63+27% | $2.58−3% | |
| 204.6M−4% | 202M−3% | 200.1M−3% | 213.3M+3% | 218.4M+7% | 218.2M+8% | 217.9M+9% | 217.3M+2% | 216.7M−1% | 216.5M−1% | 215.4M−1% | 213.9M−2% |
Net income: Q1 FY13: not printed by the filing, worked out from its own lines.
EPS, diluted: 16 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q4 FY08 and Q4 FY17: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 16 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $4.1B | $4B to $4.1B | $3.30 | $3.08 to $3.42 | 15 |
| Q4 FY26 | $4.5B | $4.4B to $4.8B | $4.96 | $4.46 to $5.19 | 14 |
| Q1 FY27 | $5.9B | $5.7B to $6.2B | $6.95 | $6.69 to $7.44 | 8 |
| Q2 FY27 | $5B | $4.9B to $5.3B | $3.96 | $3.81 to $4.24 | 6 |
| Q3 FY27 | $4.9B | $4.8B to $5.2B | $3.55 | $3.42 to $3.80 | 6 |
| Q4 FY27 | $5.5B | $5.3B to $5.7B | $5.82 | $5.61 to $6.23 | 12 |
| Q1 FY28 | $6.5B | $6.3B to $6.8B | $7.84 | $7.55 to $8.39 | 13 |
| Q2 FY28 | $5.6B | $5.4B to $5.9B | $4.71 | $4.53 to $5.04 | 7 |
Peers
Companies in Insurance - Brokers nearest Aon's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| AONAon | $64.4B | 16.7× | 27.9× | 15.8× | 3.7× | +5% | 22.3% |
| AJGArthur J. Gallagher | $68.7B | 44.5× | 33.5× | 19.2× | 4.4× | +26% | 10.0% |
| MRSHMarsh & McLennan Companies | $93.9B | 23.7× | 27.2× | 17.6× | 3.3× | +8% | 14.2% |
| WTWWillis Towers Watson Public | $30.2B | 19.9× | 26.0× | 15.5× | 3.0× | +3% | 15.5% |
| BROBrown & Brown | $24.4B | 21.8× | 29.1× | 15.7× | 3.6× | +34% | 17.7% |
| ERIEErie Indemnity | $13.3B | 23.0× | 31.6× | n/m | 3.2× | +4% | 14.0% |
| RYANRyan Specialty | $11.2B | 60.7× | 92.3× | n/m | 3.5× | +14% | 3.1% |
| ACTEnact | $6.6B | 10.1× | 7.8× | n/m | 5.3× | +2% | 54.5% |
| Peer median | $24.4B | 23.0× | 29.1× | 16.6× | 3.5× | +8% | 14.2% |
Investors who own it
Investors we follow who held Aon at the end of Jun 30, 2026, from their 13F filings.
- Seth KlarmanBaupost Group4.2% of portfoliotrimmed
- Andreas HalvorsenViking Global Investors1.1% of portfolioadded
- Polen CapitalPolen Capital0.5% of portfoliotrimmed
- Tom GaynerMarkel Group0.3% of portfolio
More on Aon
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 336Financial stocks cheapest against their own PE history
- #1of 11Insurance brokers with the fastest earnings growth
- #5of 38Financial stocks with the fastest expected revenue growth
- #2of 14Insurance brokers with the lowest PE ratio
- #3of 17Insurance brokers with the highest profit margins
- #5of 13Insurance brokers with the highest free cash flow yield
- #7of 15Insurance brokers with the lowest EV/EBIT
Its groups
About
- Industry
- Insurance - Brokers
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .