Aon plc (AON) vs CorVel Corp. (CRVL)

Aon plc and CorVel Corp. are both Insurance Brokers companies. Aon plc is the larger, with a market value of $59.0B against $3.7B — 15.8× the size. Aon plc trades at the lower P/E: 15.2× against 33.0×. CorVel Corp. grew revenue faster over the last twelve months: 7.09% against 4.92%. Aon plc has the higher net margin (22.3% vs 11.7%) and the lower return on invested capital (12.3% vs 61.8%). Across the 22 metrics below, Aon plc leads on 13 and CorVel Corp. on 9.

Valuation

Metric AON CRVL Insurance Brokers median
P/E 15.25 33.04 25.35
P/S 3.37 3.84 2.10
P/B 6.12 9.24 2.81
Price to free cash flow 18.25 33.18 18.44
EV/EBITDA 13.19 19.12 12.36
EV/Sales 4.16 3.58 3.00
Earnings yield 6.56% 3.03% 2.64%
Free cash flow yield 5.48% 3.01% 2.30%

Profitability

Metric AON CRVL Insurance Brokers median
Gross margin 48.57% 24.79% 42.95%
Operating margin 26.48% 15.37% 15.37%
Net margin 22.27% 11.72% 8.77%
Free cash flow margin 18.48% 11.57% 3.89%
Return on equity 44.24% 30.70% 0.00%
Return on assets 7.29% 17.92% 2.23%
Return on invested capital 12.33% 61.76% 5.27%

Growth

Metric AON CRVL Insurance Brokers median
Revenue growth (TTM) 4.92% 7.09% 7.09%
EPS growth (last fiscal year) 36.27% 16.94% —
Revenue growth, 5-year CAGR 9.20% 11.64% 9.30%
Net income growth, 5-year CAGR 13.42% 18.94% 0.00%

Health

Metric AON CRVL Insurance Brokers median
Debt to equity 1.55 0.00 0.19
Current ratio 1.50 1.94 1.55
Net debt to EBITDA 2.65 (1.33) 0.89

Dividend

Metric AON CRVL Insurance Brokers median
Dividend yield 0.84% — 1.36%
Payout ratio 0.18 0.00 0.00

Size

Metric AON CRVL Insurance Brokers median
Market cap 58.96b 3.72b 1.44b

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