Aon (AON) Return on Capital Employed (2009 - 2026)
Aon (AON) recorded quarterly Return on Capital Employed of 17.31% in Q1 2026, up 11.48% quarter-over-quarter from 15.52% in Q4 2025, and up 274.0% on a YoY basis from 4.63% in Q1 2025.
Aon (AON) Return on Capital Employed (2009 - 2026) Analysis & Trends
Aon's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 17.31% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 274.0% year-over-year to 17.31%; the TTM figure through Mar 2026 stood at 17.31% (up 274.0% YoY), while the FY2025 annual figure was 16.3%, down 447.0% from the prior year.
- Return on Capital Employed was 17.31% for Q1 2026 at Aon, up from 15.52% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 32.1% in Q2 2023 to a low of 12.33% in Q3 2024.
- Historically, Return on Capital Employed has averaged 21.09% across 5 years, with a median of 17.19% in 2022.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed soared 1514 bps in 2022, then slumped 1734 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 31.47% in 2022, then advanced by 1 bps to 31.85% in 2023, then sank by 54 bps to 14.51% in 2024, then increased by 7 bps to 15.52% in 2025, then gained by 11 bps to 17.31% in 2026.
- The last three Return on Capital Employed figures came in at 17.31% (Q1 2026), 15.52% (Q4 2025), and 15.25% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 15.83% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 17.31% |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 7.67% |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 14.03% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 24.51% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 1,732.02% |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 36.19% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | - |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -2.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.31% |
| Dec 31, 2025 | 15.52% |
| Sep 30, 2025 | 15.25% |
| Jun 30, 2025 | 16.08% |
| Mar 31, 2025 | 14.57% |
| Dec 31, 2024 | 14.51% |
| Sep 30, 2024 | 12.33% |
| Jun 30, 2024 | 15.88% |
| Mar 31, 2024 | 24.33% |
| Dec 31, 2023 | 31.85% |
| Sep 30, 2023 | 28.99% |
| Jun 30, 2023 | 32.10% |
| Mar 31, 2023 | 29.30% |
| Dec 31, 2022 | 31.47% |
| Sep 30, 2022 | 25.42% |
| Jun 30, 2022 | 17.19% |
| Mar 31, 2022 | 16.37% |
| Dec 31, 2021 | 16.34% |
| Sep 30, 2021 | 11.66% |
| Jun 30, 2021 | 21.25% |