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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: +5.36%
Free cash flow: +13.4%
Total debt: +22.9%

Quarter to September 2026, against a year earlier

328.90 7.61 −2.26%

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Market cap: $31.0B
P/E: 19.9×
Fwd P/E: 18.8×
Dividend yield: 1.16%
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 '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	19.96	0.00	23.78	26.82	7.13	27.40	25.09	28.60	35.08	39.63
Piotroski F-Score Full definition →	6	5	6	4	7	5	5	8	6	5
P/S ratio Full definition →	3.32	3.22	2.66	3.10	3.38	3.18	3.14	2.34	2.42	2.14
P/FCF ratio Full definition →	22.68	27.66	23.03	45.84	16.42	18.52	34.23	20.79	37.09	27.23
P/Operating CF Full definition →	41.77	53.34	48.27	73.23	165.21	48.22	56.95	34.78	57.19	54.12
P/B ratio Full definition →	4.00	3.99	2.63	2.72	2.28	2.51	2.53	2.00	1.94	1.66
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	53.33	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	3.64	3.63	3.06	3.49	3.39	3.60	3.70	2.75	2.85	2.52
EV/EBITDA Full definition →	13.34	33.26	15.50	17.72	10.69	19.02	17.38	15.06	17.31	17.80
EV/Operating CF Full definition →	19.93	23.82	21.55	38.08	14.80	17.47	28.66	18.20	27.09	21.31
EV/FCF Full definition →	24.91	31.19	26.50	51.62	16.48	20.95	40.39	24.49	43.64	32.06
Quick Ratio Full definition →	2.21	1.98	1.45	1.69	2.70	1.45	1.67	1.86	1.82	1.48
Current Ratio Full definition →	2.21	1.98	1.45	1.69	2.70	1.45	1.67	1.86	1.82	1.48
Net Debt/EBITDA Full definition →	1.20	3.16	2.03	1.98	0.04	2.21	2.65	2.28	2.60	2.68
Debt/Assets Full definition →	21.35%	19.18%	17.93%	14.86%	13.12%	14.62%	15.86%	14.13%	13.97%	12.78%
Debt/Equity Full definition →	0.78	0.66	0.54	0.47	0.34	0.52	0.54	0.46	0.44	0.38
Asset Turnover Full definition →	0.34	0.35	0.31	0.27	0.24	0.23	0.25	0.26	0.26	0.32
Operating CF/Net income Full definition →	1.11	(15.43)	1.27	0.80	0.49	1.78	1.04	1.85	1.52	2.22
Capex/Depreciation Full definition →	(0.58)	(0.77)	(0.49)	(0.36)	(0.31)	(0.37)	(0.42)	(0.43)	(0.38)	(0.40)
Interest Coverage Full definition →	8.59	2.38	5.81	5.66	10.44	3.52	4.50	3.89	2.74	1.89
ROE Full definition →	19.98%	(1.11%)	10.72%	8.62%	34.83%	9.35%	10.27%	6.87%	5.56%	6.70%
ROA Full definition →	5.61%	(0.35%)	3.47%	3.02%	11.49%	2.69%	3.08%	2.14%	1.81%	1.71%
ROIC Full definition →	12.44%	3.43%	6.37%	5.43%	10.26%	3.70%	4.36%	3.74%	2.34%	1.65%
Return on Tangible Assets Full definition →	41.24%	(3.46%)	53.77%	45.82%	81.70%	41.66%	42.54%	27.57%	23.04%	23.33%
Average Days of Receivables Full definition →	101.59	91.67	99.00	98.27	96.14	102.02	114.30	102.00	99.95	96.26
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 →	57.94%	55.41%	56.35%	57.13%	58.38%	59.86%	58.89%	60.18%	60.56%	61.48%
Intangible Assets out of Total Assets Full definition →	0.34	0.36	0.42	0.39	0.36	0.35	0.41	0.43	0.44	0.49
Share Based Compensation of Revenue Full definition →	1.58%	1.22%	1.32%	1.12%	1.12%	1.04%	0.88%	0.59%	0.82%	1.56%
Graham Net Nets Full definition →	(0.49)	(0.48)	(0.62)	(0.66)	(0.49)	(0.85)	(0.82)	(0.96)	(0.95)	(1.01)
Graham Number Full definition →	174.44	0.00	144.02	136.13	279.10	120.62	120.19	95.36	84.60	72.12
Earnings Yield Full definition →	5.01%	(0.29%)	4.21%	3.73%	14.02%	3.65%	3.99%	3.50%	2.85%	2.52%
Free Cash Flow Yield Full definition →	4.41%	3.61%	4.34%	2.18%	6.09%	5.40%	2.92%	4.81%	2.70%	3.67%
Revenue per Share Full definition →	99.06	97.35	90.31	79.16	70.30	66.27	64.38	64.98	60.76	57.57
Operating CF per Share Full definition →	18.11	14.82	12.81	7.25	16.10	13.65	8.32	9.83	6.39	6.81
Capex per Share Full definition →	(2.49)	(3.42)	(2.36)	(1.82)	(1.57)	(2.20)	(2.35)	(2.46)	(2.36)	(2.22)
Free Cash Flow per Share Full definition →	15.62	11.40	10.45	5.43	14.53	11.45	5.97	7.37	4.03	4.59
Cash per Share Full definition →	31.96	18.53	13.56	11.27	35.05	15.68	6.82	7.89	7.63	6.35
Shareholders Equity per Share Full definition →	82.16	78.60	91.36	90.12	103.97	84.09	79.76	76.11	75.92	74.33
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 →	82.16	78.60	91.36	90.12	103.97	84.09	79.76	76.11	75.92	74.33
Free Cash Flow Full definition →	1,531.00	1,163.00	1,097.00	608.00	1,860.00	1,488.00	776.00	966.00	544.00	629.00
Working Capital Full definition →	3,197.00	2,173.00	1,242.00	1,484.00	4,317.00	1,378.00	1,408.00	1,579.00	1,480.00	961.00
Capital Expenditures Full definition →	(244.00)	(349.00)	(248.00)	(204.00)	(201.00)	(286.00)	(305.00)	(322.00)	(318.00)	(304.00)
Net Current Asset Value Full definition →	(15,644.00)	(15,280.00)	(15,501.00)	(18,027.00)	(14,806.00)	(23,152.00)	(21,549.00)	(19,002.00)	(18,933.00)	(17,120.00)
EV/EBIT Full definition →	15.84	57.45	21.24	26.25	13.85	36.07	29.39	28.97	45.25	57.12
Capex to Sales Full definition →	0.03	0.04	0.03	0.02	0.02	0.03	0.04	0.04	0.04	0.04
Price to Operating Income Full definition →	14.41	50.96	18.46	23.31	13.81	31.88	24.91	24.59	38.46	48.52
Other line items
Depreciation/Fixed assets Full definition →	0.60	0.69	0.70	0.79	0.76	0.76	0.70	0.79	0.85	0.92
Cash ROIC Full definition →	8.75%	7.64%	6.76%	3.78%	8.31%	8.00%	4.60%	6.20%	3.44%	4.22%
Accounts Receivable Turnover Full definition →	3.74	3.92	3.82	3.73	3.77	3.43	3.35	3.68	3.79	4.73
Average Receivables Full definition →	2,598.00	2,533.00	2,479.50	2,378.50	2,389.00	2,514.50	2,500.00	2,312.50	2,163.00	1,669.00
Average Assets Full definition →	28,605.50	28,385.50	30,429.50	33,369.50	36,750.50	36,978.50	33,905.50	32,421.50	31,355.50	24,546.00
Average Common Equity Full definition →	8,034.50	8,805.00	9,843.00	11,700.50	12,120.00	10,650.50	10,170.00	10,110.00	10,216.00	6,271.50

Show all line items

Columns are period end dates · fundamentals updated 6 Nov 2026

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