Aon plc Financial Ratios — AON Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	11.37	13.31	19.07	27.02	32.12	35.68	40.1	51.56	91.44	171.22	- -	- -	- -	- -	- -
Return on Assets (%)	3.35	3.31	3.66	4.65	4.89	5.22	4.65	4.32	5.49	6.4	3.92	8.01	7.69	6.4	7.41
Return on Capital (%)	8.56	9.5	11.91	15.09	15.58	16.02	14.64	15.7	18.94	21.98	15.04	32.21	32.74	26.06	26.83
Return on Invested Capital (%)	9.14	9.46	9.86	12.53	11.38	12.22	5.44	12.62	16.1	18.64	11.73	26.74	28.43	18.43	14.74
Gross Margin (%)	41.82	41.73	41.22	41.77	40.88	41.4	39.96	43.33	45.03	46.64	44.74	48.1	48.4	47.24	47.7
EBITDA Margin (%)	19.3	19.55	19.52	21.25	20.31	20.8	18.7	21.49	24.9	28.98	19.81	31.52	31.22	31.28	33.03
Operating Margin (%)	14.14	13.86	14.14	16.32	16.74	17.41	9.79	14.35	19.78	25.25	17.14	29.4	29.31	26.91	27.41
Incremental Operating Margin (%)	12.68	- -	24.92	128.26	14.78	-71.83	-111.88	73.32	260.49	1,162.26	-62.47	552.1	27.98	13.09	32.7
Pretax Margin (%)	12.3	11.99	13.02	14.65	15.06	14.89	6.85	11.57	16.98	22.28	15.84	25.29	23.69	22.05	27.7
Profit Margin (%)	8.67	8.62	9.42	11.6	14.61	14.84	12.26	10.53	13.91	17.79	10.29	20.75	19.17	16.91	21.51
Net Income to Common Margin (%)	8.67	8.62	9.42	11.6	14.61	14.84	12.26	10.53	13.91	17.79	10.29	20.75	19.17	16.91	21.51
Effective Tax Rate (%)	27.23	26.09	25.36	18.92	12.25	10.56	36.5	11.72	15.88	18.17	32.26	16.16	17.07	21.43	21.2
Dvd Payout Ratio (%)	19.21	19.48	17.92	18.63	25.04	26.81	77.12	33.51	25.4	19.93	32.84	17.13	18.16	20.17	16.53
Sustainable Growth Rate (%)	9.18	10.72	15.66	21.98	24.08	26.11	9.18	34.28	68.21	137.09	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	4,492	4,380	4,593	5,766	5,866	6,341	6,119	6,413	8,569	8,925	10,423	11,677	12,032	17,892	16,071
ST Debt	337	452	703	783	562	336	299	251	922	682	1,377	1,131	1,386	942	770
LT Debt	4,155	3,928	3,890	4,983	5,304	6,005	5,820	6,162	7,647	8,243	9,046	10,546	10,646	16,950	15,301
Total Debt/EBITDA	2.06	1.95	1.99	2.25	3.05	3.24	3.27	2.77	3.13	2.78	4.31	2.97	2.88	3.64	2.83
Net Debt/EBITDA	1.94	1.72	1.7	2.03	2.76	2.95	2.79	2.41	2.39	2.13	3.66	2.56	2.5	3.24	2.48
Total Debt/EBIT	2.81	2.74	2.75	2.93	3.7	3.87	6.25	4.15	3.93	3.19	4.99	3.18	3.07	4.24	3.41
Net Debt/EBIT	2.64	2.43	2.34	2.65	3.35	3.53	5.32	3.62	3.01	2.45	4.23	2.75	2.66	3.77	2.98
EBITDA to Interest Expense	8.89	9.87	10.98	10.04	7.05	6.94	6.63	8.32	8.93	9.6	7.5	9.69	8.63	6.23	6.96
EBITDA-CapEx/Interest Expense	8.89	9.87	10.98	10.04	7.05	6.94	6.63	8.32	8.93	9.6	7.5	9.69	8.63	6.23	6.96
EBIT to Interest Expense	6.51	7	7.96	7.71	5.81	5.81	3.47	5.56	7.09	8.37	6.49	9.04	8.1	5.36	5.78
Interest Expense	245	228	210	255	273	282	282	278	307	334	322	406	484	788	815
Common Equity/Total Assets	30.39	19.47	18.95	15.48	14.94	14.32	8.83	7.93	4.27	3.25	-5.3	-8.47	-10	-4.71	-0.48
Long-Term Debt/Equity (%)	51.17	50.33	47.47	75.15	87.54	108.55	125.22	146.05	221.72	230.06	781.17	- -	- -	263.61	160.25
Long-Term Debt/Capital (%)	30.75	37.92	37.49	47.76	53.37	58.83	68.57	71.85	77.25	81.96	102.47	117.09	122.1	106.64	95.49
Long-Term Debt/Total Assets (%)	14.06	12.88	12.86	16.74	19.73	22.56	22.31	23.32	26.01	25.67	28.34	32.25	31.35	34.62	30.13
Total Debt/Equity (%)	55.32	56.12	56.05	86.96	96.81	114.62	131.65	152	248.45	249.09	900.09	-2,721.91	-1,621.56	278.26	168.32
Total Debt/Capital (%)	33.24	42.28	44.26	55.26	59.02	62.12	72.09	74.78	86.56	88.74	118.07	129.64	138	112.57	100.29
Total Debt/Total Assets (%)	15.2	14.37	15.18	19.37	21.82	23.82	23.46	24.27	29.14	27.79	32.66	35.71	35.43	36.54	31.65
Net Debt to Equity	51.97	49.63	47.74	78.54	87.74	104.46	112.09	132.45	189.88	191.04	764.08	-2,349.65	-1,404.45	247.76	147.19
Net Debt/Capital (%)	31.87	38.48	39.52	51.77	55.64	59.08	67.38	70.56	71.9	74.62	106.81	121.2	131.23	107.58	94.77
EBITDA	2,178	2,251	2,306	2,560	1,925	1,957	1,870	2,314	2,742	3,207	2,416	3,933	4,176	4,910	5,675
EBITDA-CapEx	2,178	2,251	2,306	2,560	1,925	1,957	1,870	2,314	2,742	3,207	2,416	3,933	4,176	4,910	5,675
Operating Income (Loss)	1,596	1,596	1,671	1,966	1,587	1,638	979	1,545	2,178	2,794	2,090	3,669	3,920	4,224	4,709

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.08	0.04	0.06	0.05	0.06	0.06	0.1	0.06	0.06	0.07	0.04	0.06	0.05	0.51	0.12
Current Ratio	1.13	1.07	1.06	1.05	1.04	1.05	1.07	1.08	1.06	1.07	1	1.02	1	1.02	1.11
Quick Ratio	0.31	0.25	0.27	0.25	0.26	0.23	0.31	0.28	0.27	0.25	0.21	0.21	0.2	0.67	0.76
CFO/Avg Current Liab	0.08	0.1	0.11	0.12	0.14	0.18	0.06	0.13	0.13	0.17	0.12	0.16	0.16	0.14	0.15
Common Equity/Total Assets	30.39	19.47	18.95	15.48	14.94	14.32	8.83	7.93	4.27	3.25	-5.3	-8.47	-10	-4.71	-0.48
Long-Term Debt/Equity (%)	51.17	50.33	47.47	75.15	87.54	108.55	125.22	146.05	221.72	230.06	781.17	- -	- -	263.61	160.25
Long-Term Debt/Capital (%)	30.75	37.92	37.49	47.76	53.37	58.83	68.57	71.85	77.25	81.96	102.47	117.09	122.1	106.64	95.49
Long-Term Debt/Total Assets (%)	14.06	12.88	12.86	16.74	19.73	22.56	22.31	23.32	26.01	25.67	28.34	32.25	31.35	34.62	30.13
Total Debt/Equity (%)	55.32	56.12	56.05	86.96	96.81	114.62	131.65	152	248.45	249.09	900.09	-2,721.91	-1,621.56	278.26	168.32
Total Debt/Capital (%)	33.24	42.28	44.26	55.26	59.02	62.12	72.09	74.78	86.56	88.74	118.07	129.64	138	112.57	100.29
Total Debt/Total Assets (%)	15.2	14.37	15.18	19.37	21.82	23.82	23.46	24.27	29.14	27.79	32.66	35.71	35.43	36.54	31.65
CFO/Total Liabilities	4.75	6.26	7.95	7.83	9.65	11.03	3.42	7.59	7.07	9.75	7.09	9.72	9.9	7.14	8.44
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.19	1.9	2.13	2.14	2.03	2.06	2.07	2.14	2.18	2.05	2.04	2.04	1.88	2.07	2.32

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	7.09	3.66	3.94	4.22	3.52	4.03	4.36	4.11	3.75	3.58	3.96	4.07	4.25	4.45	4.29
Days Sales Outstanding	51.47	99.6	92.63	86.53	103.55	90.58	83.67	88.76	97.31	101.95	92.26	89.63	85.81	82.04	85.11
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	7.17	3.64	3.67	3.75	3.13	3.27	3.37	3.13	3.12	2.99	3.2	3.01	3.15	3.21	3.12
Accounts Payable Turnover Days	50.91	100.24	99.44	97.21	116.47	111.74	108.38	116.74	117.02	122.23	113.97	121.33	115.71	113.84	117.12
Cash Conversion Cycle	0.55	-0.64	-6.8	-10.68	-12.92	-21.16	-24.71	-27.98	-19.72	-20.28	-21.71	-31.69	-29.9	-31.8	-32.01
Inventory to Cash Days	51.47	99.6	92.63	86.53	103.55	90.58	83.67	88.76	97.31	101.95	92.26	89.63	85.81	82.04	85.11
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	15,701	18,225	26,154	28,008	25,905	29,884	34,639	35,642	49,698	48,994	67,536	63,540	59,223	75,926	76,187
- Cash & Cash Equivalents	272	291	477	374	384	426	756	656	790	884	544	690	778	1,085	1,195
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	42	43	50	60	57	57	65	68	74	88	97	100	84	309	196
+ Total Debt	4,492	4,380	4,593	5,766	5,866	6,341	6,119	6,413	8,569	8,925	10,423	11,677	12,032	17,892	16,071
Enterprise Value	19,178	22,011	29,797	33,066	31,088	35,566	39,538	41,295	57,413	56,815	77,220	74,175	70,192	82,504	89,656
Total Capital	13,514	10,359	10,377	10,434	9,939	10,208	8,488	8,576	9,899	10,057	8,828	9,007	8,719	15,894	16,024
Total Debt/Capital (%)	33.24	42.28	44.26	55.26	59.02	62.12	72.09	74.78	86.56	88.74	118.07	129.64	138	112.57	100.29
Total Debt / EV	0.23	0.2	0.15	0.17	0.19	0.18	0.15	0.16	0.15	0.16	0.13	0.16	0.17	0.22	0.18
EV/Sales	1.7	1.91	2.52	2.75	3.28	3.78	3.95	3.83	5.21	5.13	6.33	5.94	5.25	5.26	5.22
EV/EBITDA	8.81	9.78	12.92	12.92	16.15	18.17	21.14	17.85	20.94	17.72	31.96	18.86	16.81	16.8	15.8
EV/EBIT	12.02	13.79	17.83	16.82	19.59	21.71	40.39	26.73	26.36	20.33	36.95	20.22	17.91	19.53	19.04
EV/Cash Flow to Firm	16.03	13.86	15.6	16.38	13.83	13.79	43.3	21.38	27.43	18.59	32.17	20.84	18.3	22.58	21.74
EV/Free Cash Flow to Firm	16.03	13.86	15.6	16.38	13.83	13.79	43.3	21.38	27.43	18.59	32.17	20.84	18.3	22.58	21.74
Diluted Market Cap	15,954	18,496	26,459	28,411	26,169	30,147	34,934	35,904	50,115	49,247	67,957	63,990	59,659	76,322	76,610
Diluted Enterprise Value	20,216	22,628	30,625	33,863	31,708	36,119	40,362	41,729	57,968	57,376	77,933	75,077	70,997	93,438	91,682
EV per Share	57.16	67.16	95.58	111.96	110.66	132.74	152.95	168.41	240.62	245	343.66	350.38	344.92	390.28	415.27
TTM Sales	11,287	11,514	11,815	12,045	9,480	9,409	9,998	10,770	11,013	11,066	12,193	12,479	13,376	15,698	17,181
TTM EBITDA	2,178	2,251	2,306	2,560	1,925	1,957	1,870	2,314	2,742	3,207	2,416	3,933	4,176	4,910	5,675
TTM Operating Income	1,596	1,596	1,671	1,966	1,587	1,638	979	1,545	2,178	2,794	2,090	3,669	3,920	4,224	4,709
TTM Cash Flow to Firm	1,196	1,588	1,910	2,019	2,249	2,578	913	1,931	2,093	3,056	2,400	3,559	3,836	3,654	4,123
TTM Free Cash Flow to Firm	1,196	1,588	1,910	2,019	2,249	2,578	913	1,931	2,093	3,056	2,400	3,559	3,836	3,654	4,123

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	15.67	13.03	15.09	15.68	13.03	12.96	47.59	21.3	27.31	17.7	31.14	19.88	17.37	25.15	22.01
EV/EBIT	12.02	13.79	17.83	16.82	19.59	21.71	40.39	26.73	26.36	20.33	36.95	20.22	17.91	19.53	19.04
Enterprise Value	19,178	22,011	29,797	33,066	31,088	35,566	39,538	41,295	57,413	56,815	77,220	74,175	70,192	82,504	89,656
Low Price	39.68	45.04	54.65	76.49	86.38	83.83	109.82	130.87	141.63	143.93	200.65	246.21	280.89	268.06	323.73
EV/Sales	1.7	1.91	2.52	2.75	3.28	3.78	3.95	3.83	5.21	5.13	6.33	5.94	5.25	5.26	5.22
EV/EBITDA	8.81	9.78	12.92	12.92	16.15	18.17	21.14	17.85	20.94	17.72	31.96	18.86	16.81	16.8	15.8
Price/Earnings	16.04	18.35	23.5	20.05	18.7	21.41	28.25	31.43	32.44	24.88	53.81	24.54	23.1	28.61	20.62
Price/Earnings Average	16.54	16.62	18.93	18.33	19.61	20.23	27.62	31.49	28.63	23.41	46.33	23.57	25.5	25.92	21.26
Price/Earnings High	18.7	19.12	23.62	20.74	21.72	22.38	32.21	36.01	33.12	28.05	58.41	27.96	27.57	31.49	24.13
Price/Earnings Low	13.6	14.86	15.31	16.17	17.52	16.09	23.16	28.3	22.06	16.95	35.93	20.13	22.29	21.35	18.92
Price/Book Value	1.75	3.07	4.56	6.08	6.45	7.84	15.03	17.01	39.57	46.93	-39.91	-22.94	-17.43	-32.91	-313.53
Price/Book Value Average	1.8	2.78	3.67	5.56	6.76	7.41	14.7	17.05	34.92	44.15	-34.36	-22.03	-19.25	-29.82	-323.29
Price/Book Value High	2.04	3.2	4.59	6.29	7.49	8.2	17.14	19.49	40.4	52.91	-43.33	-26.14	-20.81	-36.23	-366.91
Price/Book Value Low	1.48	2.49	2.97	4.9	6.04	5.9	12.32	15.32	26.91	31.97	-26.65	-18.82	-16.83	-24.56	-287.63
Price/Tangible Book Value	-4	-4.43	-7.74	-5.9	-5.67	-7.93	-6.36	-6.99	-9.04	-8.56	-8.69	-6.93	-6.31	-4.88	-6.36
Price/Tangible Book Value Average	-4.13	-4.01	-6.23	-5.39	-5.94	-7.5	-6.22	-7	-7.98	-8.05	-7.48	-6.66	-6.96	-4.43	-6.56
Price/Tangible Book Value High	-4.66	-4.62	-7.78	-6.1	-6.58	-8.29	-7.26	-8.01	-9.23	-9.65	-9.44	-7.9	-7.53	-5.38	-7.44
Price/Tangible Book Value Low	-3.39	-3.59	-5.04	-4.76	-5.31	-5.96	-5.22	-6.29	-6.15	-5.83	-5.8	-5.69	-6.09	-3.64	-5.84
Price/Sales	1.39	1.58	2.21	2.33	2.73	3.18	3.46	3.31	4.51	4.43	5.54	5.09	4.43	4.84	4.43
Price/Sales Average	1.43	1.43	1.78	2.13	2.87	3	3.39	3.32	3.98	4.16	4.77	4.89	4.89	4.38	4.57
Price/Sales High	1.62	1.65	2.23	2.41	3.17	3.32	3.95	3.79	4.61	4.99	6.01	5.8	5.28	5.32	5.19
Price/Sales Low	1.18	1.28	1.44	1.88	2.56	2.39	2.84	2.98	3.07	3.02	3.7	4.18	4.27	3.61	4.07
Price/Cash Flow	15.42	12.84	14.92	15.46	12.89	12.85	47.19	21.14	27.08	17.6	30.95	19.74	17.24	25.02	21.89
Price/Cash Flow Average	15.91	11.63	12.02	14.13	13.52	12.14	46.13	21.18	23.9	16.56	26.65	18.96	19.04	22.67	22.57
Price/Cash Flow High	17.99	13.38	15	15.99	14.97	13.43	53.81	24.22	27.65	19.85	33.6	22.49	20.58	27.54	25.61
Price/Cash Flow Low	13.08	10.4	9.72	12.47	12.08	9.66	38.68	19.03	18.42	11.99	20.66	16.19	16.64	18.67	20.08
Price/Free Cash Flow Average	16.17	11.8	12.16	14.33	13.66	12.25	46.52	21.34	24.11	16.65	26.81	19.09	19.18	22.79	22.69
Price/Free Cash Flow High	18.28	13.58	15.17	16.22	15.13	13.55	54.26	24.4	27.88	19.95	33.81	22.65	20.73	27.68	25.76
Price/Free Cash Flow Low	13.29	10.56	9.83	12.65	12.2	9.74	39.01	19.17	18.57	12.06	20.79	16.31	16.76	18.77	20.19
EV/Sales Average	1.81	1.79	2.14	2.58	3.45	3.64	3.93	3.86	4.7	4.9	5.59	5.78	5.74	5.47	5.45
EV/Sales High	2	2.01	2.58	2.86	3.76	3.95	4.49	4.33	5.32	5.73	6.83	6.69	6.13	6.41	6.07
EV/Sales Low	1.56	1.64	1.79	2.33	3.14	3.02	3.38	3.52	3.78	3.75	4.52	5.07	5.12	4.7	4.95
EV/EBITDA Average	9.39	9.17	10.94	12.13	16.99	17.48	21.01	17.95	18.86	16.91	28.19	18.34	18.37	17.5	16.5
EV/EBITDA High	10.36	10.27	13.21	13.45	18.5	19.01	24.02	20.17	21.37	19.76	34.47	21.23	19.64	20.51	18.37
EV/EBITDA Low	8.07	8.39	9.2	10.95	15.48	14.53	18.08	16.38	15.19	12.94	22.79	16.07	16.4	15.03	14.97
EV/EBIT Average	12.82	12.93	15.1	15.8	20.61	20.89	40.13	26.89	23.75	19.4	32.59	19.65	19.57	20.34	19.88
EV/EBIT High	14.14	14.48	18.23	17.51	22.45	22.72	45.89	30.2	26.9	22.68	39.85	22.75	20.93	23.84	22.13
EV/EBIT Low	11.01	11.84	12.69	14.26	18.78	17.36	34.54	24.54	19.12	14.86	26.35	17.23	17.47	17.47	18.04
Last Price	46.8	55.61	83.89	94.83	92.21	111.53	134	145.36	208.29	211.27	300.56	300.14	291.02	359.16	352.88
High Price	54.58	57.92	84.33	98.1	107.08	116.59	152.78	166.55	212.65	238.19	326.25	341.98	347.37	395.33	412.97
Enterprise Value Average	20,459	20,634	25,231	31,055	32,701	34,217	39,289	41,539	51,718	54,217	68,115	72,113	76,731	85,913	93,631
Enterprise Value High	22,574	23,114	30,457	34,426	35,621	37,212	44,922	46,663	58,591	63,365	83,284	83,484	82,028	100,689	104,232
Enterprise Value Low	17,575	18,893	21,204	28,043	29,806	28,434	33,816	37,914	41,646	41,506	55,062	63,210	68,499	73,784	84,965

Shares Outstanding	325	311	301	280	270	262	248	240	232	226	215	205	199	216	214
Diluted Weighted Avg Shares	341	333	315	300	284	270	261	247	241	233	226	213	205	212	217
Basic Weighted Avg Shares	336	328	312	295	281	268	258	245	239	232	225	212	204	211	216
Revenue per Share	33.64	35.13	37.9	40.78	33.74	35.12	38.68	43.92	46.16	47.72	54.26	58.95	65.73	74.26	79.58
EBITDA per Share	6.49	6.87	7.4	8.67	6.85	7.3	7.23	9.44	11.49	13.83	10.75	18.58	20.52	23.23	26.29
Operating Income per Share	4.76	4.87	5.36	6.66	5.65	6.11	3.79	6.3	9.13	12.05	9.3	17.33	19.26	19.98	21.81
Basic EPS, GAAP	2.92	3.03	3.57	4.73	4.93	5.21	4.74	4.62	6.42	8.49	5.59	12.23	12.6	12.55	17.11
Basic EPS from Cont Ops	3.01	3.11	3.68	4.85	4.46	4.68	1.68	4.49	6.59	8.7	5.82	12.5	12.91	12.87	17.37
Diluted EPS, GAAP	2.87	2.99	3.53	4.66	4.88	5.16	4.7	4.59	6.37	8.45	5.55	12.14	12.51	12.49	17.02
Diluted EPS from Cont Ops	2.96	3.07	3.64	4.78	4.42	4.64	1.67	4.45	6.54	8.66	5.79	12.41	12.82	12.8	17.27
Dividend per Share	0.6	0.62	0.68	0.92	1.15	1.29	1.41	1.56	1.72	1.78	1.99	2.19	2.4	2.66	2.91
Cash Flow per Share	3.03	4.33	5.62	6.14	7.15	8.68	2.84	6.88	7.69	12	9.71	15.21	16.88	14.36	16.12
Free Cash Flow per Basic Share	3.03	4.33	5.62	6.14	7.15	8.68	2.84	6.88	7.69	12	9.71	15.21	16.88	14.36	16.12
Cash & Equivalents per Share	3.15	1.94	3.21	2.6	2.63	2.67	4.97	3.38	3.89	5.14	3.72	5.39	5.64	54.98	12.96
Book Value per Share	26.77	18.11	18.39	15.6	14.3	14.22	8.91	8.54	5.26	4.5	-7.53	-13.08	-16.69	-10.91	-1.13
Tangible Book Value per Share	-11.7	-12.55	-10.84	-16.08	-16.26	-14.06	-21.06	-20.8	-23.05	-24.68	-34.57	-43.31	-46.14	-73.54	-55.47

Aon plc

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)