Arthur J. Gallagher & vs Aon
Aon is the larger business, with $17.18bn of revenue in fiscal 2025 against $13.94bn for Arthur J. Gallagher & (1.2 times as much). Arthur J. Gallagher & grew faster (20.7% against 9.4%). Aon kept more of each dollar of sales as profit: a net margin of 21.5% against 10.7%. Arthur J. Gallagher & carries less debt relative to equity (57.9% against 164.9%).
| Latest fiscal year | Arthur J. Gallagher &AJG, 2025 | AonAON, 2025 |
|---|---|---|
| Revenue | $13.94bn | $17.18bn |
| Revenue growth | 20.7% | 9.4% |
| Net income | $1.49bn | $3.69bn |
| Operating margin | — | 25.3% |
| Net margin | 10.7% | 21.5% |
| Return on equity | 6.9% | 47.8% |
| Free cash flow | $1.78bn | $3.22bn |
| Cash | $1.40bn | $1.20bn |
| Total debt | $13.51bn | $15.42bn |
| Debt to equity | 57.9% | 164.9% |
| Dividend per share | $2.60 | $2.91 |
| Dividend yield | 1.0% | 0.9% |
| Share buybacks | — | $1.00bn |
| Employees | 72,000 | 60,000 |
| Market value | $70.00bn | $70.14bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 55 (Moderate) | 69 (Moderate) |
| Insider trades, 12 months | 4 buys, 13 sales | 7 buys, 11 sales |