Friday 6 November 2026 Export WTW’s income statement to Excel — free account

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

331.59 4.92 −1.46%

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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

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	19.96	16.86	16.01	17.51
P/S ratio Full definition →		3.32	2.79	2.43	2.64
P/FCF ratio Full definition →		22.68	42.68	31.62	31.50
P/Operating CF Full definition →		41.77	(2,761.65)	50.76	36.66
P/B ratio Full definition →		4.00	3.43	3.16	3.46
Price to Tangible BV Full definition →		0.00	0.00	0.00	0.00
EV/Sales Full definition →		3.64	3.30	2.92	—
EV/EBITDA Full definition →		13.34	12.22	11.04	—
EV/Operating CF Full definition →		19.93	18.12	15.33	—
EV/FCF Full definition →		24.91	50.41	37.93	—
Quick Ratio Full definition →		2.21	2.92	1.68	1.62
Current Ratio Full definition →		2.21	2.92	1.68	1.62
Net Debt/EBITDA Full definition →		2.83	8.06	10.34	8.45
Debt/Assets Full definition →		21.35%	21.27%	21.37%	21.78%
Debt/Equity Full definition →		0.78	0.78	0.84	0.83
Asset Turnover Full definition →		0.34	0.34	0.34	0.36
Operating CF/Net income Full definition →		1.05	(0.03)	2.11	2.44
Capex/Depreciation Full definition →		(0.73)	(8.23)	(0.45)	(0.31)
Interest Coverage Full definition →		15.39	5.82	4.67	5.36
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		49.01%	59.45%	62.90%	61.26%
Intangible Assets out of Total Assets Full definition →		0.34	0.37	0.37	0.37
Share Based Compensation of Revenue Full definition →		1.67%	1.74%	2.72%	2.85%
Graham Net Nets Full definition →		(0.49)	(0.62)	(0.76)	(0.66)
Graham Number Full definition →		174.44	181.40	174.27	175.75
Earnings Yield Full definition →		5.01%	5.93%	6.25%	5.71%
Free Cash Flow Yield Full definition →		4.41%	2.34%	3.16%	3.17%
Revenue per Share Full definition →		29.96	25.39	26.23	26.17
Operating CF per Share Full definition →		7.87	(0.11)	5.15	7.86
Capex per Share Full definition →		(0.80)	(9.01)	(0.53)	(0.37)
Free Cash Flow per Share Full definition →		7.07	(9.12)	4.62	7.49
Cash per Share Full definition →		31.96	19.53	17.31	20.70
Shareholders Equity per Share Full definition →		82.16	84.83	82.66	83.40
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		82.16	84.83	82.66	83.40
Free Cash Flow Full definition →		693.00	(866.00)	434.00	704.00
Working Capital Full definition →		3,197.00	2,960.00	1,715.00	1,694.00
Capital Expenditures Full definition →		(78.00)	(856.00)	(50.00)	(35.00)
Net Current Asset Value Full definition →		(15,644.00)	(17,075.00)	(18,559.00)	(17,748.00)
EV/EBIT Full definition →		15.84	14.50	13.12	—
Capex to Sales Full definition →		0.03	0.35	0.02	0.01
Price to Operating Income Full definition →		14.41	12.27	10.94	12.00
Other line items
Average Receivables Full definition →		2,598.00	2,507.00	2,483.50	2,325.50
Average Assets Full definition →		28,605.50	28,850.50	29,518.50	28,717.50
Average Common Equity Full definition →		8,034.50	8,136.50	7,975.00	7,825.00

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Columns are period end dates · fundamentals updated 5 Nov 2026

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