Want to see AON full AI Analyst Report?
Aon (AON) Ratios
Aon Ratios
AON's free cash flow for Q3 2026 was $1.10B. For the 2026 fiscal year, AON's free cash flow was decreased by $-94.00M and operating cash flow was $1.19B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.11 | 1.02 | 1.00 | 1.02 | 1.00 |
| Quick Ratio | 1.11 | 1.02 | 1.00 | 1.02 | 1.00 |
| Cash Ratio | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 |
| Solvency Ratio | 0.11 | 0.08 | 0.08 | 0.09 | 0.05 |
| Operating Cash Flow Ratio | 0.15 | 0.13 | 0.16 | 0.16 | 0.11 |
| Short-Term Operating Cash Flow Coverage | 5.91 | 4.04 | 2.85 | 3.41 | 1.87 |
| Net Current Asset Value | $ -15.46B | $ -19.10B | $ -13.00B | $ -12.41B | $ -11.74B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.33 | 0.37 | 0.35 | 0.36 | 0.33 |
| Debt-to-Equity Ratio | 1.77 | 2.92 | -14.57 | -22.07 | 9.82 |
| Debt-to-Capital Ratio | 0.64 | 0.75 | 1.07 | 1.05 | 0.91 |
| Long-Term Debt-to-Capital Ratio | 0.62 | 0.73 | 1.09 | 1.06 | 0.89 |
| Financial Leverage Ratio | 5.43 | 8.00 | -41.11 | -61.82 | 30.09 |
| Debt Service Coverage Ratio | 3.09 | 2.73 | 2.00 | 2.45 | 1.32 |
| Interest Coverage Ratio | 5.33 | 4.87 | 7.82 | 9.04 | 6.49 |
| Debt to Market Cap | 0.21 | 0.22 | 0.19 | 0.17 | 0.14 |
| Interest Debt Per Share | 80.64 | 88.36 | 61.50 | 57.08 | 47.82 |
| Net Debt to EBITDA | 2.87 | 3.40 | 2.88 | 2.87 | 3.83 |
| Profitability Margins | |||||
| Gross Profit Margin | 47.70% | 47.24% | 48.40% | 48.10% | 44.74% |
| EBIT Margin | 25.50% | 27.07% | 27.31% | 28.54% | 18.48% |
| EBITDA Margin | 31.13% | 31.44% | 29.22% | 30.66% | 21.15% |
| Operating Profit Margin | 25.28% | 24.43% | 28.30% | 29.40% | 17.14% |
| Pretax Profit Margin | 27.70% | 22.05% | 23.69% | 25.29% | 15.84% |
| Net Profit Margin | 21.51% | 16.91% | 19.17% | 20.75% | 10.29% |
| Continuous Operations Profit Margin | 21.83% | 17.33% | 19.65% | 21.20% | 10.73% |
| Net Income Per EBT | 77.64% | 76.66% | 80.91% | 82.03% | 64.99% |
| EBT Per EBIT | 109.55% | 90.27% | 83.73% | 86.02% | 92.39% |
| Return on Assets (ROA) | 7.28% | 5.42% | 7.55% | 7.92% | 3.93% |
| Return on Equity (ROE) | 39.51% | 43.36% | -310.41% | -489.41% | 118.28% |
| Return on Capital Employed (ROCE) | 15.76% | 14.77% | 30.75% | 29.59% | 16.26% |
| Return on Invested Capital (ROIC) | 12.16% | 11.20% | 22.92% | 22.74% | 9.95% |
| Return on Tangible Assets | 12.63% | 9.83% | 10.13% | 10.80% | 5.46% |
| Earnings Yield | 4.87% | 3.50% | 4.33% | 4.07% | 1.86% |
| Efficiency Ratios | |||||
| Receivables Turnover | 1.16 | 1.42 | 4.07 | 4.01 | 3.87 |
| Payables Turnover | 3.14 | 2.85 | 3.05 | 3.06 | 3.07 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 12.46 | 11.57 | 10.18 | 9.93 | 9.27 |
| Asset Turnover | 0.34 | 0.32 | 0.39 | 0.38 | 0.38 |
| Working Capital Turnover Ratio | 11.51 | 64.07 | 56.92 | 66.38 | 20.14 |
| Cash Conversion Cycle | 198.66 | 129.92 | -29.87 | -28.20 | -24.54 |
| Days of Sales Outstanding | 314.88 | 257.93 | 89.75 | 90.94 | 94.21 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 116.22 | 128.01 | 119.62 | 119.13 | 118.74 |
| Operating Cycle | 314.88 | 257.93 | 89.75 | 90.94 | 94.21 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 16.18 | 14.36 | 16.88 | 15.21 | 9.71 |
| Free Cash Flow Per Share | 14.96 | 13.33 | 15.64 | 14.28 | 9.10 |
| Dividend Paid and CapEx Coverage Ratio | 3.90 | 3.89 | 4.64 | 4.88 | 3.74 |
| Capital Expenditure Coverage Ratio | 13.24 | 13.92 | 13.63 | 16.42 | 15.93 |
| Operating Cash Flow Coverage Ratio | 0.21 | 0.17 | 0.29 | 0.28 | 0.21 |
| Operating Cash Flow to Sales Ratio | 0.20 | 0.19 | 0.26 | 0.26 | 0.18 |
| Free Cash Flow Yield | 4.24% | 3.71% | 5.37% | 4.76% | 3.03% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 20.60 | 28.62 | 23.10 | 24.54 | 53.81 |
| Price-to-Sales (P/S) Ratio | 4.42 | 4.84 | 4.43 | 5.09 | 5.54 |
| Price-to-Book (P/B) Ratio | 8.12 | 12.40 | -71.70 | -120.11 | 63.65 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 23.59 | 26.95 | 18.61 | 21.02 | 33.02 |
| Price-to-Operating Cash Flow Ratio | 21.81 | 25.02 | 17.24 | 19.74 | 30.95 |
| Price-to-Earnings Growth (PEG) Ratio | 0.56 | -72.12 | 7.63 | 0.21 | -1.58 |
| Enterprise Value Multiple | 17.06 | 18.79 | 18.03 | 19.48 | 30.02 |
| Enterprise Value | 91.24B | 92.73B | 70.48B | 74.53B | 77.41B |
| EV to EBITDA | 17.06 | 18.79 | 18.03 | 19.48 | 30.02 |
| EV to Sales | 5.31 | 5.91 | 5.27 | 5.97 | 6.35 |
| EV to Free Cash Flow | 28.35 | 32.92 | 22.14 | 24.65 | 37.86 |
| EV to Operating Cash Flow | 26.21 | 30.55 | 20.52 | 23.15 | 35.48 |
| Tangible Book Value Per Share | -55.68 | -73.54 | -46.14 | -43.31 | -34.57 |
| Shareholders’ Equity Per Share | 43.48 | 28.95 | -4.06 | -2.50 | 4.72 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.21 | 0.21 | 0.17 | 0.16 | 0.32 |
| Revenue Per Share | 79.87 | 74.26 | 65.73 | 58.95 | 54.26 |
| Net Income Per Share | 17.18 | 12.55 | 12.60 | 12.23 | 5.59 |
| Tax Burden | 0.78 | 0.77 | 0.81 | 0.82 | 0.65 |
| Interest Burden | 1.09 | 0.81 | 0.87 | 0.89 | 0.86 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.09 | 0.13 | 0.14 | 0.14 | 0.21 |
| Stock-Based Compensation to Revenue | 0.00 | 0.03 | 0.03 | 0.03 | 0.04 |
| Income Quality | 0.94 | 1.12 | 1.34 | 1.22 | 1.67 |
Currency in USD