Willis Towers Watson PLC (WTW)
Financials · Insurance Brokers · US stock · S&P 500 component
$315.49
▲ +5.13 (1.65%)
Fair valueFair
$387 +22.6% to fair value
$193fair band $271–$503$580
Day's range
$312.18 – $316.91
52-week range
$238.94 – $350.34
About Willis Towers Watson PLC
Willis Towers Watson is a global advisory, broking and solutions company. Its insurance brokerage arranges property, casualty, liability and specialty cover for corporate clients, while its advisory teams work with employers on pensions, health and benefits, talent and reward, and investment strategy. Customers are mainly large and mid-sized companies and institutions, which hire it to manage their risks and their workforce costs.
WTW earns revenue mainly from fees and commissions: fees for consulting and administration, and commissions paid by insurers on the policies it places. The last twelve months produced $10.1 billion, and growth over the last three years was 3.1% a year. The operating margin is 22.2%, and the business earns a profit of 14% on the capital invested in it. It carries net debt of 2.2 times EBITDA. The company pays a dividend with a yield of 1.2%. On the site's X-Ray Score it receives 43 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $238.94 – $350.34Volume 427,800Daily, split-adjusted
Vitals
Market cap$29.7B
52-week range$238.94 – $350.34
Volume (last day)427,800
P/E (TTM)19.5
EBIT / EV yield6.5%
Free-cash-flow yield5.7%
Dividend yield1.2%
Revenue (TTM)$10.1B
Net income (TTM)$1.6B
Operating margin22.2%
Return on capital14.3%
Debt incl. leases$6.5B
Cash & securities$1.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$387model spread $349 – $435
Fair
+22.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Terminal value >80% of DCF: lower confidence
Price $315
Undervalued < $271Fair $271 – $503Overvalued > $503
10-year DCF (market-scaled)
$481
Peer multiples
$226
Earnings power floor (not blended)
$138
Fundamentals-adjusted multiple
$453
Growth the price implies
8.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Fair
58/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield6.5%
Free-cash-flow yield5.7%
Fair value vs price1.2×
Growth
Weak
29/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.1%
EPS growth (3y)21.9%
Growth consistency60%
Profitability
Weak
48/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital14.3%
Operating margin22.2%
Financial health
Weak
39/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA2.2×
Interest cover7.9×
Dividends
Weak
27/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.2%
Dividends vs free cash flow21%
Dividend growth-1.0%
Quarterly results: last 6 quarters
-5.0%
Mar '25
-0.2%
Jun '25
0.0%
Sep '25
-3.3%
Dec '25
+8.5%
Mar '26
+9.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.5B, diluted EPS $2.43.
Compare with peers
BRO Brown & Brown, Inc.53 AON Aon plc50 MRSH Marsh & Mclennan Compa...50 AJG Arthur J. Gallagher &...38Other Insurance Brokers companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 8 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 45/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $9.0B | $8.9B | $9.5B | $9.9B | $9.7B |
| 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 |
| Operating margin | 24.5% | 13.3% | 14.4% | 6.3% | 23.0% |
| Free cash flow | – | – | $1.1B | $1.3B | $1.5B |
| Diluted EPS | $32.78 | $8.98 | $9.95 | $-0.96 | $16.26 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 298.3 | Bullish |
| EMA 10 | 301.5 | Bullish |
| SMA 20 | 296.0 | Bullish |
| EMA 20 | 301.6 | Bullish |
| SMA 50 | 317.1 | Bearish |
| EMA 50 | 306.0 | Bullish |
| SMA 100 | 298.8 | Bullish |
| EMA 100 | 303.0 | Bullish |
| SMA 200 | 295.2 | Bullish |
| EMA 200 | 300.8 | Bullish |
Oscillators (daily)
| RSI (14) | 62.23 | Neutral |
| MACD (12, 26) | -2.26 | Bearish |
| Momentum (12) | 9.46 | Bullish |
| Stochastic %K (14) | 95.76 | Bearish |
| Williams %R (14) | -4.24 | Bearish |
| CCI (20) | 221.0 | Bearish |
Pivot points (classic, last session)
S3 308.1 | S2 310.1 | S1 312.8 | Pivot 314.9 | R1 317.5 | R2 319.6 | R3 322.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.80 USD
Yield on today's price
1.20%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 30 Sep 2026 | 0.9600 |
| 30 Jun 2026 | 0.9600 |
| 31 Mar 2026 | 0.9600 |
| 31 Dec 2025 | 0.9200 |
| 30 Sep 2025 | 0.9200 |
| 30 Jun 2025 | 0.9200 |
| 31 Mar 2025 | 0.9200 |
| 31 Dec 2024 | 0.8800 |
| 30 Sep 2024 | 0.8800 |
| 28 Jun 2024 | 0.8800 |
| 27 Mar 2024 | 0.8800 |
| 28 Dec 2023 | 0.8400 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
WTW SEC filings
30 Jul 2026
10-QSEC EDGAR
Quarterly report
30 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
21 May 2026
8-KSEC EDGAR
Shareholder vote results
30 Apr 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
27 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
25 Feb 2026
10-KSEC EDGAR
Annual report
3 Feb 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.