Aureus
AExcellent

Aon plc(AON)

A

Financial data as of Dec 31, 2024Improving · Financials

FCF Margin17.9%Free Cash Flow / Revenue
Cash Conversion114.4%Operating CF / Net Income
Free Cash Flow$2.8B
Revenue$15.7B
Net Cash-$16.8BNet debt position
Debt / FCF6.4xElevated debt burden
Current Ratio1.02Adequate short-term liquidity
YoY FCF Growth+13.5%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (6.4x)
→
+0.5Healthy FCF margin with manageable debt (17.9%, 6.4x)
→
+0.5Modest YoY FCF growth (13.5% YoY)
→
FinalA

Analysis Summary

Strengths

  • Strong FCF margin (17.9%)
  • Excellent cash conversion (114%)
  • FCF trend is improving

Concerns

  • Heavy debt position ($16.8B)
  • High debt-to-FCF ratio (6.4x)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin17.9%
Net Margin16.9%
Operating CF Margin19.3%
CapEx Ratio1.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$16.8BNet debt position
Debt / FCF6.4xElevated debt burden
Current Ratio1.02Adequate liquidity
Debt / Equity2.92High leverage

Quarterly FCF Trend

+13.5% YoYImproving (+13.5%)

Free cash flow per quarter

Sector Comparison — Financials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameAon plc
SectorFinancials
Free Cash Flow$2.8B
Revenue$15.7B
Net Income$2.7B
Operating Cash Flow$3.0B
Capital Expenditure$218.0M
FCF Margin17.9%
Cash Conversion Rate114.4%
Net Margin16.9%
Total Debt$17.9B
Total Cash$1.1B
Net Cash-$16.8B
Current Ratio1.02
Debt / Equity2.92
Debt / FCF6.4x
YoY FCF Growth+13.5%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance

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