Companies / Financials
WTW
Willis Towers Watson
Insurance Brokers
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health65
Growth26
Profitability72
Cash generationn/a
Balance sheetn/a
Dilution control98
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)7.3%Revenue growth (FY)-2.3%Revenue CAGR (3y)2.9%Gross margin—Operating margin23.5%Net margin16.9%Free cash flow margin16.2%R&D / revenue—Stock comp / revenue1.6%Net debt / operating cash flow4.00xCurrent ratio1.20Diluted share count change-2.9%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $8.8B | $8.7B | $9.3B | $9.7B | $9.5B |
| Operating income | $2.2B | $1.2B | $1.4B | $627M | $2.2B |
| Net income | $4.2B | $1.0B | $1.1B | -$98M | $1.6B |
| Operating cash flow | $2.1B | $812M | $1.3B | $1.5B | $1.8B |
| Capital expenditure | — | — | $242M | $245M | $229M |
| Free cash flow | $2.1B | $812M | $1.1B | $1.3B | $1.5B |
| Stock-based comp | $101M | $99M | $125M | $121M | $153M |
| Buybacks | $1.6B | $3.5B | $1.0B | $901M | $1.6B |
| Dividends | $374M | $369M | $352M | $354M | $358M |
| Cash | $4.5B | $1.3B | $1.4B | $1.9B | $3.1B |
| Total debt | $7.2B | $7.0B | $8.1B | $8.6B | $10.2B |
| Equity | $13.3B | $10.0B | $9.5B | $7.9B | $8.0B |
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