Willis Towers Watson Public Limited Company WTW
- Market cap
- $27.3B
- P/E
- 18.0×
Follow WTW
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104.11 | 120.87 | 134.50 | 146.35 | 143.34 | 197.63 | 187.89 | 195.29 | 237.50 | 292.97 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 133.40 | 165.00 | 164.99 | 206.29 | 220.97 | 271.87 | 252.99 | 258.93 | 334.99 | 352.79 |
High Price
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| 41,000 | 43,000 | 43,000 | 45,000 | 46,100 | 44,200 | 46,600 | 48,000 | 48,900 | 46,900 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 7,887 | 8,202 | 8,513 | 8,370 | 8,615 | 8,998 | 8,866 | 9,483 | 9,930 | 9,708 |
Revenue
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| 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| 342 | 492 | 851 | 1,046 | 1,011 | 2,692 | 1,258 | 1,276 | 102 | 1,953 |
EBT
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| 4.34% | 6.00% | 10.00% | 12.50% | 11.74% | 29.92% | 14.19% | 13.46% | 1.03% | 20.12% |
EBT Margin
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| 438 | 592 | 715 | 1,073 | 1,020 | 4,236 | 1,024 | 1,064 | (88) | 1,613 |
Net Income
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| 769 | 833 | 747 | 729 | 770 | 650 | 567 | 505 | 456 | 418 |
Depreciation
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| 57.57 | 60.76 | 64.98 | 64.38 | 66.27 | 70.30 | 79.16 | 90.31 | 97.35 | 99.06 |
Revenue/Sh
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| 3.20 | 4.21 | 5.29 | 8.05 | 7.68 | 32.88 | 9.00 | 10.01 | (0.96) | 16.34 |
Earnings/Sh
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| 6.81 | 6.39 | 9.83 | 8.32 | 13.65 | 16.10 | 7.25 | 12.81 | 14.82 | 18.11 |
Cash Flow/Sh
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| (2.22) | (2.36) | (2.46) | (2.35) | (2.20) | (1.57) | (1.82) | (2.36) | (3.42) | (2.49) |
Capex/Sh
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| 4.59 | 4.03 | 7.37 | 5.97 | 11.45 | 14.53 | 5.43 | 10.45 | 11.40 | 15.62 |
Free CF/Sh
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| 74.33 | 75.92 | 76.11 | 79.76 | 84.09 | 103.97 | 90.12 | 91.36 | 78.60 | 82.16 |
Book Value/Sh
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| 137 | 135 | 131 | 130 | 130 | 128 | 112 | 105 | 102 | 98 |
Shares
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| 39.63 | 35.08 | 28.60 | 25.09 | 27.40 | 7.13 | 26.82 | 23.78 | 0.00 | 19.96 |
PE Ratio
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| 2.14 | 2.42 | 2.34 | 3.14 | 3.18 | 3.38 | 3.10 | 2.66 | 3.22 | 3.32 |
PS Ratio
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| 1.66 | 1.94 | 2.00 | 2.53 | 2.51 | 2.28 | 2.72 | 2.63 | 3.99 | 4.00 |
PB Ratio
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| 2.52 | 2.85 | 2.75 | 3.70 | 3.60 | 3.39 | 3.49 | 3.06 | 3.63 | 3.64 |
EV/Sales
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| 32.06 | 43.64 | 24.49 | 40.39 | 20.95 | 16.48 | 51.62 | 26.50 | 31.19 | 24.91 |
EV/FCF
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| 933 | 862 | 1,288 | 1,081 | 1,774 | 2,061 | 812 | 1,345 | 1,512 | 1,775 |
Op' Cash Flow
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| (304) | (318) | (322) | (305) | (286) | (201) | (204) | (248) | (349) | (244) |
Capex
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| 629 | 544 | 966 | 776 | 1,488 | 1,860 | 608 | 1,097 | 1,163 | 1,531 |
FCF
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| 961 | 1,480 | 1,579 | 1,408 | 1,378 | 4,317 | 1,484 | 1,242 | 2,173 | 3,197 |
Working Cap'
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| 3,865 | 4,535 | 4,575 | 5,617 | 5,635 | 4,587 | 4,721 | 5,217 | 5,309 | 6,306 |
Total Debt
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| 2,995 | 3,505 | 3,542 | 4,730 | 3,596 | 101 | 3,459 | 3,793 | 3,419 | 3,174 |
Net Debt
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| 10,183 | 10,249 | 9,971 | 10,369 | 10,932 | 13,308 | 10,093 | 9,593 | 8,017 | 8,052 |
Sh' Equity
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| 1.71% | 1.81% | 2.14% | 3.08% | 2.69% | 11.49% | 3.02% | 3.47% | (0.35%) | 5.61% |
ROA
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| 1.65% | 2.34% | 3.74% | 4.36% | 3.70% | 10.26% | 5.43% | 6.37% | 3.43% | 12.44% |
ROIC
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| 6.70% | 5.56% | 6.87% | 10.27% | 9.35% | 34.83% | 8.62% | 10.72% | (1.11%) | 19.98% |
ROE
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Willis Towers Watson Public Limited Company peers in Insurance Brokers
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BRO Brown & Brown, Inc. | $20.2B | 16.9× | Compare |
| AJG Arthur J. Gallagher & Co. | $58.2B | 37.8× | Compare |
| AON Aon plc | $59.0B | 15.2× | Compare |
| ERIE Erie Indemnity Company | $10.2B | 18.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| MRSH Marsh | $81.1B | 20.8× | Compare |
| BWIN Baldwin Insurance Group, Inc. | $4.5B | 0.0× | Compare |
| ARX Accelerant Holdings | $4.3B | 0.0× | Compare |
| CRVL CorVel Corp. | $3.7B | 33.0× | Compare |
WTW metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
Willis Towers Watson Public Limited Company (WTW) key facts
- Willis Towers Watson Public Limited Company (WTW) is an Insurance Brokers company in the Financial sector, listed on Nasdaq.
- Willis Towers Watson Public Limited Company’s revenue for fiscal 2025 (year ended December 2025) was $9.7 billion, down 2.24% from fiscal 2024.
- Net income was $1.6 billion, or $16.34 per share (basic), a net margin of 16.5%.
- As of September 25, 2026, WTW traded at $293.99, a market capitalization of $27.3 billion.
- At that price the stock trades at 18.0× trailing-twelve-month earnings and 2.7× sales.
- Willis Towers Watson Public Limited Company pays an annual dividend of $3.36 per share, a yield of 1.28%, with a payout ratio of 33.9%.
- Return on equity was 20.0% and debt-to-equity 0.84.
Willis Towers Watson Public Limited Company (WTW) Latest News
24 Sep
Willis Towers Watson US LLC and Softtek announce a strategic AI partnership to scale workforce transformation, linking workforce strategy, organizational change and technology implementation. WTW's AI Workforce Transformation product will assess AI potential in jobs, redesign work, plan workforce management, align total rewards and prepare employees for change, while Softtek provides engineering, AI and automation capabilities to redesign business processes, deploy scalable solutions and oversee enterprise adoption. The alliance aims to close the gap between strategy and execution, with executives Julie Gebauer (WTW) and Blanca Treviño (Softtek) stressing practical, outcomes-driven collaboration. The deal reinforces WTW's focus on people, work and technology, and positions Softtek as an implementation partner where needed. Both firms promote broad market adoption. Expands AI workforce transformation offerings and delivery capability, potentially boosting client adoption and long-term revenue growth.
Willis Towers Watson (WTW) and Softtek formed a strategic AI partnership to deliver enterprise AI workforce transformation. WTW will assess jobs, redesign work, plan workforce needs, align rewards and prepare employees for change; Softtek will provide AI, automation and software engineering to redesign processes and scale deployments, including governance and tech integration. The alliance aims to connect workforce decisions with technology implementation, expanding WTW's role from advisory to execution support. No financial terms, customer commitments or earnings forecasts were disclosed. Investors will look for client engagements and any disclosures on how the offering contributes to WTW's business. The collaboration targets clients moving AI plans into operational deployment, potentially broadening AI adoption across organizations, with WTW focusing on strategy and change management while Softtek handles engineering and deployment. Broadened WTW's value proposition by linking workforce transformation with AI implementation, potentially boosting future opportunities, though no immediate financial terms were disclosed.
21 Sep
Willis Towers Watson expanded its global agreement to deploy Radar, its pricing and analytics platform, across Zurich Insurance's Retail markets worldwide, extending beyond existing country-level usage. Zurich selected Radar to enhance pricing sophistication, risk selection and scaling through centralized technology. Radar integrates pricing, underwriting and claims with real-time analytics, AI tools and portfolio management to aid decision-making. Financial terms were not disclosed. WTW shares rose in premarket trading on the news. The deal highlights WTW's technology offerings within its advisory model and could deepen client relationships by embedding Radar into daily pricing and risk decisions for Zurich across markets. Expanding Radar with Zurich enhances WTW's tech-enabled pricing platform in a major global insurer, potentially boosting revenue and client retention.
Willis Towers Watson (WTW) has signed a global agreement with Zurich Insurance to deploy its Radar rating and analytics software across Zurich’s worldwide retail lines, expanding a prior rollout in several countries. Radar, WTW’s end-to-end insurance platform covering pricing, underwriting and claims, will be scaled through a centralized tech infrastructure to improve real-time risk assessment, AI-based analytics, and faster pricing, portfolio management, claims and underwriting. Zurich says the move will sharpen pricing sophistication and risk selection and leverage WTW’s industry expertise. Radar is already used by more than 500 insurers. The deal follows WTW's recent strategic moves, including KwantSure and Redefind acquisitions, underscoring the firm’s push to strengthen its Insurance Consulting and Technology business. Global, multi-market deployment with a top client expands Radar's reach and strengthens WTW's recurring revenue and leadership in insurance tech.
Willis Towers Watson US LLC announced a global agreement with Zurich Insurance Company Limited to deploy Radar, WTW's end-to-end rating and analytics software, across Zurich's target Retail markets worldwide. The expanded deal extends a prior integration of Radar across Zurich's primary Retail lines in several country markets. The arrangement aims to improve pricing sophistication and risk selection and to scale Radar via a centralized infrastructure, enabling real-time risk insights and faster pricing, portfolio management, and underwriting decisions. Radar unifies pricing, underwriting and claims in a single system and is supported by more than 30 years of insurance technology development and over 500 insurers using it. Zurich highlighted profitability through improved pricing and risk selection, while WTW stressed Radar's global adoption and scalability. Expands Radar's global deployment with Zurich, strengthening WTW's product leadership and growth prospects in insurance technology.
17 Sep
Insurers use facultative reinsurance to drive growth according to a Willis Towers Watson survey. WTW survey on reinsurance usage reinforces company position in insurance advisory and market insights.
16 Sep
WTW stock may trade at a 34% discount following AI workforce news. AI workforce news could moderately influence WTW valuation and operations without fundamentally shifting long-term trajectory.
15 Sep
Willis advises power companies to strengthen resilience as electrification fuels new industrial growth. WTW commentary on power sector resilience directly ties to its core risk consulting operations and may lift market positioning in energy.
10 Sep
WTW partners with Lyzr to help organizations accelerate workforce transformation through agentic AI. Partnership adds agentic AI tools to WTW workforce solutions potentially boosting innovation.
1 Sep
Aon pursues a $17 billion acquisition of USI Holdings to expand in the middle-market insurance brokerage segment, a move that escalates competition with peers including Willis Towers Watson. Aon's large-scale USI purchase directly strengthens a key rival's middle-market footprint and is likely to shift competitive dynamics and pricing power for WTW.
19 Aug
Willis Towers Watson stock may trade 13% below fair value after a leadership change. Leadership transition creates uncertainty around strategic direction that can moderately shift valuation and investor sentiment.
13 Aug
WTW research identifies global vulnerabilities from concentrated lithium supply chains amid rising critical mineral demand. WTW research on lithium supply risks boosts its advisory profile in energy transition sectors without altering core operations.
4 Aug
WTW Investments partners with SEI to expand private markets solutions for defined contribution plans. Partnership expands WTW private markets access for defined contribution plans with moderate competitive effect.
1 Aug
WTW posted a Q2 earnings beat with AI momentum lifting sentiment, yet the stock is viewed as fully valued. Q2 earnings beat and AI sentiment provide moderate influence on WTW financial outlook and market views.
31 Jul
Willis Towers Watson Public Limited Company released Q2 2026 earnings call summary covering financial results and outlook. Quarterly earnings data can moderately shift investor views and near-term stock movement.
30 Jul
Willis Towers Watson PLC posted strong Q2 2026 growth during its earnings call, fueled by AI-driven initiatives that enhanced operational performance and client offerings. AI-driven growth initiatives and positive earnings results signal major strategic advances likely to lift long-term market position.
Willis Towers Watson Public Limited Company (WTW) released Q2 earnings call highlights covering financial results, operational updates, and outlook. Q2 earnings details can affect near-term stock sentiment and operations but rarely shift long-term company trajectory.
WTW Q2 earnings beat estimates on revenue growth and margin gains. Q2 earnings outperformance signals improved profitability that may lift near-term investor sentiment and valuation.
Willis Towers Watson (WTW) Q2 earnings show key metrics versus estimates. Q2 earnings metrics versus estimates can affect WTW stock trajectory and sentiment.
WTW reported second quarter 2026 earnings. Quarterly earnings update supplies financial metrics that can shift investor views and valuation.
27 Jul
Willis Towers Watson urges smarter data center insurance buying as capacity demand approaches US$15 billion. WTW's positioning in the expanding data center insurance segment supports moderate influence on its advisory revenue and market stance.
23 Jul
Willis Re launches global life reinsurance practice. Launch expands WTW reinsurance operations into life segment with moderate growth potential.
WTW partners with TechWolf to convert skills and workforce data into AI-driven business impact. Partnership adds AI tools to WTW workforce services with moderate effect on operations and positioning.
21 Jul
WTW launches significant upgrade to its market-leading modeling platform with new deferred pension capabilities. Launch of major platform upgrade with new pension features strengthens competitive positioning and supports long-term growth.
Willis Towers Watson launches new pension tools and expands digital insurance operations. New pension tools and digital insurance expansion moderately strengthen product offerings and market reach.
14 Jul
WTW launches mortality model bringing enhanced predictive capabilities to U.S. pension risk transfer market. Mortality model launch adds predictive tools in WTW core pension risk transfer operations.
9 Jul
Willis Towers Watson acquires Redefind and partners with Bain to re-enter the reinsurance market. Acquisition plus reinsurance re-entry marks major strategic expansion that will reshape operations and market position.
Willis Towers Watson integrates GPU execution into its flagship actuarial modeling platform. Platform upgrade improves modeling efficiency and may aid innovation yet delivers only incremental effects on overall trajectory.
1 Jul
Willis Towers Watson launches CyMax Facility, a primary and excess coverage product aimed at SMEs and middle market companies in the EMEA region. CyMax launch adds targeted cyber product in EMEA, supporting moderate growth and competitive positioning without altering overall trajectory.
30 Jun
WTW adds GPU support to RiskAgility Financial Modeller to accelerate strategic decision-making for life insurers. GPU support improves modeling software performance and may strengthen WTW's competitive position in insurance analytics.