Arthur J. Gallagher & vs Willis Towers Watson
Arthur J. Gallagher & is the larger business, with $13.94bn of revenue in fiscal 2025 against $9.71bn for Willis Towers Watson (1.4 times as much). Arthur J. Gallagher & grew faster (20.7% against -2.2%). Willis Towers Watson kept more of each dollar of sales as profit: a net margin of 16.5% against 10.7%. Arthur J. Gallagher & carries less debt relative to equity (57.9% against 121.4%).
| Latest fiscal year | Arthur J. Gallagher &AJG, 2025 | Willis Towers WatsonWTW, 2025 |
|---|---|---|
| Revenue | $13.94bn | $9.71bn |
| Revenue growth | 20.7% | -2.2% |
| Net income | $1.49bn | $1.60bn |
| Operating margin | — | 23.0% |
| Net margin | 10.7% | 16.5% |
| Return on equity | 6.9% | 20.2% |
| Free cash flow | $1.78bn | $1.55bn |
| Cash | $1.40bn | $3.13bn |
| Total debt | $13.51bn | $9.69bn |
| Debt to equity | 57.9% | 121.4% |
| Dividend per share | $2.60 | $3.68 |
| Dividend yield | 1.0% | 1.2% |
| Share buybacks | — | $1.65bn |
| Employees | 72,000 | 47,000 |
| Market value | $70.00bn | $30.64bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 55 (Moderate) | 66 (Moderate) |
| Insider trades, 12 months | 4 buys, 13 sales | 4 buys, 2 sales |