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Financials · S&P 500 · data as of 2026-10-05

WTW stock analysis: Willis Towers Watson

Willis Towers Watson (WTW) is an S&P 500 company in Insurance Brokers. It grades weakest on momentum.

The model's view of WTW · subscribers

Where WTW ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with WTW · updated 2026-10-05 · from prices and SEC filings

WTW price performance

WTW against the S&P 500, one year
-20%+0%+20%S&P 500 +18%WTW -15%2025-09-292026-10-05
Year to date-11.4%S&P 500 +14.5% · behind by 25.9 pts
1 year-15.9%S&P 500 +17.0% · behind by 32.9 pts
3 years+43.4%S&P 500 +89.3% · behind by 45.9 pts
5 years+26.7%S&P 500 +91.3% · behind by 64.6 pts

Total returns with dividends reinvested.

WTW factor grades

Each grade compares WTW with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 17.8x (industry 19.2x)FCF yield 6.3% (industry 5.7%)
B+GrowthRevenue growth +3% (industry +7%)EPS growth +1088% (industry -2%)
C+ProfitabilityOperating margin 22.2% (industry 21.9%)ROIC 14.3% (industry 14.9%)
C-Momentum12-month change -16%From 52-wk high -18%

WTW in plain numbers

WTW key statistics

SectorFinancials
IndustryInsurance Brokers
IndexS&P 500
Market value$26.8B
Revenue growth (y/y)+3%
Free-cash-flow yield6.3%
Dividend yield1.3%
Next earnings (expected)2026-10-29
Valuation measures
Market value$26.8B
Enterprise value$31.7B
P/E (trailing)17.8x
Forward P/E (Torvanta estimate)11.9x
PEG (Torvanta estimate)0.24
Price / sales2.6x
Price / book3.5x
EV / revenue3.1x
EV / EBITDA14.1x
Financial highlights
Revenue, last 12 months$10.1B
Net income, last 12 months$1.6B
EPS, last 12 months (GAAP)$16.16
Operating margin22.2%
Net margin15.5%
Return on equity19.8%
Return on invested capital14.3%
Cash$1.6B
Total debt$6.5B
Debt / equity0.85x
Free cash flow, last 12 months$1.7B
Interest cover7.9x
Current ratio1.10x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

WTW earnings trends

Revenue vs earnings
-$1.7B-$497.5M$680.0M$1.9B$3.0BSep 2024 Revenue: $2.3BDec 2024 Revenue: $3.0BMar 2025 Revenue: $2.2BJun 2025 Revenue: $2.3BSep 2025 Revenue: $2.3BDec 2025 Revenue: $2.9BMar 2026 Revenue: $2.4BJun 2026 Revenue: $2.5BSep 2024 Net income: -$1.7BDec 2024 Net income: $1.2BMar 2025 Net income: $235.0MJun 2025 Net income: $331.0MSep 2025 Net income: $304.0MDec 2025 Net income: $735.0MMar 2026 Net income: $297.0MJun 2026 Net income: $229.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: -73.2%Net margin: 41.1%Net margin: 10.6%Net margin: 14.6%Net margin: 13.3%Net margin: 25.0%Net margin: 12.3%Net margin: 9.3%-73%-16%41%■ Revenue ■ Net income ━ Net margin
Earnings per share$-16.4$-9.3$-2.1$5.0$12.2Sep 2024 EPS (GAAP, diluted): $-16.4Dec 2024 EPS (GAAP, diluted): $12.2Mar 2025 EPS (GAAP, diluted): $2.3Jun 2025 EPS (GAAP, diluted): $3.3Sep 2025 EPS (GAAP, diluted): $3.1Dec 2025 EPS (GAAP, diluted): $7.5Mar 2026 EPS (GAAP, diluted): $3.1Jun 2026 EPS (GAAP, diluted): $2.4Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Dec 2025 -38% · Mar 2026 +33% · Jun 2026 -27%

From the company's 10-Q and 10-K filings with the SEC.

Willis Towers Watson financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$9.6B$8.9B$9.5B$9.9B$9.7B
Net income$4.2B$1.0B$1.1B-$98.0M$1.6B
EPS (GAAP)$32.81$8.99$9.94$-1.10$16.28
Free cash flown/an/an/a$1.3B$1.5B

WTW earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$2.43-27%+9%+3.9%
2026-04-30$3.10+33%+8%-12.9%
2026-02-03$7.52-38%-3%+8.6%
2025-10-30$3.11n/a-0%-0.6%
2025-07-31$3.32+144%-0%+6.3%
2025-04-24$2.33+27%-5%-10.1%

About Willis Towers Watson

HeadquartersLondon England, United Kingdom
Industry (SEC code)Insurance Agents, Brokers & Service
Fiscal year endsDecember 31
Incorporated inIreland
Listed onNasdaq
FormerlyWILLIS GROUP HOLDINGS PLC, WILLIS GROUP HOLDINGS LTD

From the company's SEC registration record.

Companies similar to WTW

CompanyMarket valueP/ERevenue growthOperating margin12-month change
WTW Willis Towers Watson$26.8B17.8x+3%22.2%-16%
BRO Brown & Brown$20.4B19.2x+34%n/a-35%compare
AON Aon$57.7B15.0x+5%26.5%-25%compare
AJG Arthur J. Gallagher$58.2B37.7x+26%n/a-26%compare
MRSH Marsh McLennan$81.3B20.8x+8%21.6%-13%
ERIE Erie Indemnityn/an/a+4%17.9%-29%

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Frequently asked questions

Is WTW stock a buy?

Torvanta does not tell individuals what to buy. Its grades for WTW are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is WTW's P/E ratio?

WTW trades at about 17.8 times its last 12 months of GAAP earnings reported to the SEC, and about 11.9 times Torvanta's own estimate of the next 12 months.

When does WTW report earnings next?

Based on its filing history, Torvanta expects Willis Towers Watson to report around 2026-10-29.

Does WTW pay a dividend?

Yes. Its dividend yield is about 1.3%, and it has raised its dividend 9 years in a row.

How has WTW performed against the S&P 500?

Over the past year WTW returned -15.9%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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