Revenue (FY 2025)
↑9.4% YoY
$17.18B
3-Yr CAGR: 11.2%
Net Income
↑39.2% YoY
$3.69B
Net Margin: 21.5%
Free Cash Flow
↑14.2% YoY
$3.22B
FCF Yield: 4.90%
EPS (Diluted)
↑36.3% YoY
$17.02
Basic: $17.11
Return on Equity
Efficiency
39.5%
ROA: 7.3%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (AON)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $11,627.0M | — | $11,345.0M | $1,396.0M | — | $5.16 | — | $1.28 | 1.14% | $2,326.0M | $2,104.0M | — |
| FY 2017 | $9,998.0M | -14.0% | $9,716.0M | $1,226.0M | -12.2% | $4.70 | -8.9% | $1.40 | 1.04% | $734.0M | $551.0M | -73.8% |
| FY 2018 | $10,770.0M | +7.7% | $10,492.0M | $1,134.0M | -7.5% | $4.59 | -2.3% | $1.56 | 1.07% | $1,686.0M | $1,446.0M | +162.4% |
| FY 2019 | $11,013.0M | +2.3% | $10,706.0M | $1,532.0M | +35.1% | $6.37 | +38.8% | $1.72 | 0.83% | $1,835.0M | $1,610.0M | +11.3% |
| FY 2020 | $11,066.0M | +0.5% | $10,732.0M | $1,969.0M | +28.5% | $8.45 | +32.7% | $1.78 | 0.84% | $2,783.0M | $2,642.0M | +64.1% |
| FY 2021 | $12,193.0M | +10.2% | $11,871.0M | $1,255.0M | -36.3% | $5.55 | -34.3% | $1.99 | 0.66% | $2,182.0M | $2,045.0M | -22.6% |
| FY 2022 | $12,479.0M | +2.3% | $12,073.0M | $2,589.0M | +106.3% | $12.14 | +118.7% | $2.19 | 0.73% | $3,219.0M | $3,023.0M | +47.8% |
| FY 2023 | $13,376.0M | +7.2% | $12,892.0M | $2,564.0M | -1.0% | $12.51 | +3.0% | $2.41 | 0.83% | $3,435.0M | $3,183.0M | +5.3% |
| FY 2024 | $15,698.0M | +17.4% | $14,910.0M | $2,654.0M | +3.5% | $12.49 | -0.2% | $2.64 | 0.74% | $3,035.0M | $2,817.0M | -11.5% |
| FY 2025 | $17,181.0M | +9.4% | $16,366.0M | $3,695.0M | +39.2% | $17.02 | +36.3% | $2.90 | 0.82% | $3,481.0M | $3,218.0M | +14.2% |
Valuation
Market Price
$307.78
Market Cap
$65.73B
Enterprise Value
$79.20B
P/E Ratio
18.08
P/B Ratio
7.03
FCF Yield
4.90%
Dividend Yield
0.78%
Shares Outstanding
Profitability & Margins
Gross Margin
95.26%
Operating Margin
25.28%
Net Margin
21.51%
Return on Equity (ROE)
39.51%
Return on Assets (ROA)
7.28%
Asset Turnover
0.34x
Revenue 3-Yr CAGR
11.25%
Financial Health & Liquidity
Current Ratio
1.11
Cash Ratio
0.05
Debt / Equity
1.568
Debt / Assets
0.289
Cash & Equivalents
$1.20B
Total Debt
$14.66B
Book Value / Share
$43.79
Cash Flow Efficiency
Operating Cash Flow
$3.48B
Capital Expenditures (CapEx)
$263.00M
Free Cash Flow
$3.22B
OCF / Revenue
20.26%
FCF / Revenue
18.73%
FCF 3-Yr CAGR
2.11%
Per Share Metrics
EPS (Diluted)
$17.02
EPS (Basic)
$17.11
Dividends / Share
$2.41
Book Value / Share
$43.79
EPS YoY Growth
36.27%
Balance Sheet (FY 2025)
Total Assets
$50.78B
Total Liabilities
$41.24B
Stockholders' Equity
$9.35B
Current Assets
$25.77B
Current Liabilities
$23.23B