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Willis Towers Watson Public Limited Company

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.

Revenue: +7.52%
EPS: +4.17%
Free cash flow: +13.4%
Total debt: +22.9%

Quarter to September 2026, against a year earlier

332.28 4.23 −1.26%

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Market cap: $31.0B
P/E: 20.4×
Fwd P/E: 18.8×
Dividend yield: 1.13%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	39.63	35.08	28.60	25.09	27.40	7.13	26.82	23.78	0.00	19.96
Piotroski F-Score Full definition →	5	6	8	5	5	7	4	6	5	6
P/S ratio Full definition →	2.14	2.42	2.34	3.14	3.18	3.38	3.10	2.66	3.22	3.32
P/FCF ratio Full definition →	27.23	37.09	20.79	34.23	18.52	16.42	45.84	23.03	27.66	22.68
P/Operating CF Full definition →	54.12	57.19	34.78	56.95	48.22	165.21	73.23	48.27	53.34	41.77
P/B ratio Full definition →	1.66	1.94	2.00	2.53	2.51	2.28	2.72	2.63	3.99	4.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	53.33	0.00	0.00	0.00	0.00
EV/Sales Full definition →	2.52	2.85	2.75	3.70	3.60	3.39	3.49	3.06	3.63	3.64
EV/EBITDA Full definition →	17.80	17.31	15.06	17.38	19.02	10.69	17.72	15.50	33.26	13.34
EV/Operating CF Full definition →	21.31	27.09	18.20	28.66	17.47	14.80	38.08	21.55	23.82	19.93
EV/FCF Full definition →	32.06	43.64	24.49	40.39	20.95	16.48	51.62	26.50	31.19	24.91
Quick Ratio Full definition →	1.48	1.82	1.86	1.67	1.45	2.70	1.69	1.45	1.98	2.21
Current Ratio Full definition →	1.48	1.82	1.86	1.67	1.45	2.70	1.69	1.45	1.98	2.21
Net Debt/EBITDA Full definition →	2.68	2.60	2.28	2.65	2.21	0.04	1.98	2.03	3.16	1.20
Debt/Assets Full definition →	12.78%	13.97%	14.13%	15.86%	14.62%	13.12%	14.86%	17.93%	19.18%	21.35%
Debt/Equity Full definition →	0.38	0.44	0.46	0.54	0.52	0.34	0.47	0.54	0.66	0.78
Asset Turnover Full definition →	0.32	0.26	0.26	0.25	0.23	0.24	0.27	0.31	0.35	0.34
Operating CF/Net income Full definition →	2.22	1.52	1.85	1.04	1.78	0.49	0.80	1.27	(15.43)	1.11
Capex/Depreciation Full definition →	(0.40)	(0.38)	(0.43)	(0.42)	(0.37)	(0.31)	(0.36)	(0.49)	(0.77)	(0.58)
Interest Coverage Full definition →	1.89	2.74	3.89	4.50	3.52	10.44	5.66	5.81	2.38	8.59
ROE Full definition →	6.70%	5.56%	6.87%	10.27%	9.35%	34.83%	8.62%	10.72%	(1.11%)	19.98%
ROA Full definition →	1.71%	1.81%	2.14%	3.08%	2.69%	11.49%	3.02%	3.47%	(0.35%)	5.61%
ROIC Full definition →	1.65%	2.34%	3.74%	4.36%	3.70%	10.26%	5.43%	6.37%	3.43%	12.44%
Return on Tangible Assets Full definition →	23.33%	23.04%	27.57%	42.54%	41.66%	81.70%	45.82%	53.77%	(3.46%)	41.24%
Average Days of Receivables Full definition →	96.26	99.95	102.00	114.30	102.02	96.14	98.27	99.00	91.67	101.59
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	61.48%	60.56%	60.18%	58.89%	59.86%	58.38%	57.13%	56.35%	55.41%	57.94%
Intangible Assets out of Total Assets Full definition →	0.49	0.44	0.43	0.41	0.35	0.36	0.39	0.42	0.36	0.34
Share Based Compensation of Revenue Full definition →	1.56%	0.82%	0.59%	0.88%	1.04%	1.12%	1.12%	1.32%	1.22%	1.58%
Graham Net Nets Full definition →	(1.01)	(0.95)	(0.96)	(0.82)	(0.85)	(0.49)	(0.66)	(0.62)	(0.48)	(0.49)
Graham Number Full definition →	72.12	84.60	95.36	120.19	120.62	279.10	136.13	144.02	0.00	174.44
Earnings Yield Full definition →	2.52%	2.85%	3.50%	3.99%	3.65%	14.02%	3.73%	4.21%	(0.29%)	5.01%
Free Cash Flow Yield Full definition →	3.67%	2.70%	4.81%	2.92%	5.40%	6.09%	2.18%	4.34%	3.61%	4.41%
Revenue per Share Full definition →	57.57	60.76	64.98	64.38	66.27	70.30	79.16	90.31	97.35	99.06
Operating CF per Share Full definition →	6.81	6.39	9.83	8.32	13.65	16.10	7.25	12.81	14.82	18.11
Capex per Share Full definition →	(2.22)	(2.36)	(2.46)	(2.35)	(2.20)	(1.57)	(1.82)	(2.36)	(3.42)	(2.49)
Free Cash Flow per Share Full definition →	4.59	4.03	7.37	5.97	11.45	14.53	5.43	10.45	11.40	15.62
Cash per Share Full definition →	6.35	7.63	7.89	6.82	15.68	35.05	11.27	13.56	18.53	31.96
Shareholders Equity per Share Full definition →	74.33	75.92	76.11	79.76	84.09	103.97	90.12	91.36	78.60	82.16
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	74.33	75.92	76.11	79.76	84.09	103.97	90.12	91.36	78.60	82.16
Free Cash Flow Full definition →	629.00	544.00	966.00	776.00	1,488.00	1,860.00	608.00	1,097.00	1,163.00	1,531.00
Working Capital Full definition →	961.00	1,480.00	1,579.00	1,408.00	1,378.00	4,317.00	1,484.00	1,242.00	2,173.00	3,197.00
Capital Expenditures Full definition →	(304.00)	(318.00)	(322.00)	(305.00)	(286.00)	(201.00)	(204.00)	(248.00)	(349.00)	(244.00)
Net Current Asset Value Full definition →	(17,120.00)	(18,933.00)	(19,002.00)	(21,549.00)	(23,152.00)	(14,806.00)	(18,027.00)	(15,501.00)	(15,280.00)	(15,644.00)
EV/EBIT Full definition →	57.12	45.25	28.97	29.39	36.07	13.85	26.25	21.24	57.45	15.84
Capex to Sales Full definition →	0.04	0.04	0.04	0.04	0.03	0.02	0.02	0.03	0.04	0.03
Price to Operating Income Full definition →	48.52	38.46	24.59	24.91	31.88	13.81	23.31	18.46	50.96	14.41
Other line items
Depreciation/Fixed assets Full definition →	0.92	0.85	0.79	0.70	0.76	0.76	0.79	0.70	0.69	0.60
Cash ROIC Full definition →	4.22%	3.44%	6.20%	4.60%	8.00%	8.31%	3.78%	6.76%	7.64%	8.75%
Accounts Receivable Turnover Full definition →	4.73	3.79	3.68	3.35	3.43	3.77	3.73	3.82	3.92	3.74
Average Receivables Full definition →	1,669.00	2,163.00	2,312.50	2,500.00	2,514.50	2,389.00	2,378.50	2,479.50	2,533.00	2,598.00
Average Assets Full definition →	24,546.00	31,355.50	32,421.50	33,905.50	36,978.50	36,750.50	33,369.50	30,429.50	28,385.50	28,605.50
Average Common Equity Full definition →	6,271.50	10,216.00	10,110.00	10,170.00	10,650.50	12,120.00	11,700.50	9,843.00	8,805.00	8,034.50

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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