Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Aon Plc

AON · NYSE · Financial

Fundamental quality

ATTRACTIVE

80

out of 100

Aon Plc fits the profile of a quality compounder: it pairs high return on capital (ROE 40.8%) with wide margins (net margin 22.3%) and a business that keeps growing (8.8% a year). On fundamental quality it scores 80 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +8.8%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Aon is one of the world's two big insurance brokers: it insures nothing itself, but advises companies on their risks and negotiates their policies with insurers, for a commission. A pure intermediation business, capital-light and addictively recurring.

What will shape its future

  • Commercial insurance pricing: when premiums rise, so do its commissions.
  • A world with more risks (climate, cyber, litigation) is, cynically, more advisory business.
  • The duopoly with Marsh, giving both notable pricing power.

Breakdown by area

I.Growth
66

EPS growth: 14.9% · Revenue growth: 8.8%

II.Profitability
93

Net margin: 22.3% · ROE: 40.8%

III.Financial health
73

Net debt/EBITDA: 2.93x · FCF: 18.5%

Source: SEC EDGAR · TTM through 30/06/2026

The score includes +3 for dividend strength: 14 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 61%
ROEbeats 96%
Growthbeats 46%
Cash generationbeats 56%
Less debtbeats 23%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Aon Plc strengths

  • Outstanding return on equity (ROE of 40.8%): it puts shareholder capital to good use.
  • Strong free-cash-flow generation (FCF margin of 18.5%): profit turns into real cash.
  • High net margin (22.3%): the business is clearly profitable.
  • Revenue rising without interruption since 2020.

Aon Plc risks and weaknesses

  • Its net debt has grown over the period.

Aon Plc historical evolution

YearRevenueNet incomeFree cash flowNet debt
202011,0661,9692,6426,845
202112,1931,2552,0458,848
202212,4792,5893,02310,080
202313,3762,5643,18310,421
202415,6982,6542,81715,931
202517,1813,6953,21814,054

Between 2020 and 2025, revenue went from $11,066M to $17,181M (+55%) and net income went from $1,969M to $3,695M (+88%). Meanwhile, its margins have widened (from 18% to 22%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+4.5%
  • Net income+14.2%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score8180
  • FCF margin20%18.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$2.91

per share, yearly

17% of earnings

Payout

14 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Aon Plc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Aon Plc a good company to invest in?

In terms of business quality, Aon Plc scores 80 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Aon Plc a profitable company?

Very. Aon Plc shows a net margin of 22.3% and an ROE of 40.8%, typical of a highly profitable business.

Does Aon Plc have a lot of debt?

A moderate level: its net debt is 2.93 times its EBITDA.

Is Aon Plc growing?

Its revenue has grown 8.8% annualized in recent years and its earnings per share 14.9%, and without interruption since 2020.

Does Aon Plc generate cash?

Yes. It converts about 18.5% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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