Aon plc

AON Financial Insurance Brokers

Aon plc’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 9.45% from fiscal 2024.

Revenue
+2.60%
EPS
+5.66%
Free cash flow
+1.67%
Total debt
+67.0%

Quarter to September 2026, against a year earlier

343.42 1.25 −0.36%
Market cap
$73.1B
P/E
18.7×
Fwd P/E
22.9×
Dividend yield
0.93%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Aon plc (AON) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Aon plc (AON) trades at a price to free cash flow of 22.3×. Over the past ten years it has ranged from 12.9× (October 2015) to 88.5× (September 2018); the current reading is higher than 49% of that period. That is in line with the Insurance Brokers industry median of 22.3× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.7× (12.16%)
FY2024 27.0× 46.37%
FY2023 18.4× (12.18%)
FY2022 21.0× (36.51%)
FY2021 33.0× 78.09%
FY2020 18.5× (39.93%)
FY2019 30.9× 25.23%
FY2018 24.6× (60.04%)
FY2017 61.7× 345.49%
FY2016 13.8× (3.26%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 18.0× (17.37%)
Jun 2026 21.8× 10.07%
Mar 2026 19.8× (16.45%)
Dec 2025 23.7× (6.43%)
43 more quarters

Against its own ten years

Low 12.9× High 88.5×
Ten-year median 22.5×
Current reading's percentile 49

Price to free cash flow against peers

Company Price to free cash flow
RYAN Ryan Specialty Holdings Inc. compare 11.7×
BRO Brown & Brown, Inc. compare 16.2×
AON Aon plc 22.3×
ERIE Erie Indemnity Company compare 23.7×
MRSH Marsh compare 23.9×
AJG Arthur J. Gallagher & Co. compare 32.3×
WTW Willis Towers Watson Public Limited Company compare 36.7×
CRVL CorVel Corp. compare 38.0×
BWIN Baldwin Insurance Group, Inc. compare 67.9×
Insurance Brokers industry median 22.3×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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