Aon (AON) Return on Invested Capital [ROIC] (2009 - 2026)
Aon's Return on Invested Capital [ROIC] was 11.58% in Q3 2026, down 2.03 percentage points from 13.61% a year earlier and down 3.21 percentage points from the prior quarter.
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Analysis
Aon (AON) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Aon came in at 14.25%, down 3.59 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -6.35 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 17.84% in FY2024 (-12.34 pp), 30.18% in FY2023 (+0.73 pp), 29.45% in FY2022 (+16.50 pp) and 12.95% in FY2021 (-7.65 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q3 2021.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in four of the last eight quarters, with an average year-over-year change of -2.92 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2022 (a gain of 17.53 percentage points); the worst was Q3 2024 (a drop of 19.07 percentage points).
- Per Business Quant data, AON's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 14.78% (Q2 2026), 14.76% (Q1 2026) and 13.80% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,268.35 Bn | -165.80 Bn | 56.71 Bn | -11.13% |
| 2 | Chubb | 143.74 Bn | 94.67 Bn | 8.67 Bn | 11.97% |
| 3 | Progressive | 136.59 Bn | 112.11 Bn | 8.29 Bn | 28.24% |
| 4 | Marsh & Mclennan Companies | 98.68 Bn | 91.07 Bn | - | 13.08% |
| 5 | Travelers Companies | 82.62 Bn | 60.10 Bn | 5.93 Bn | 21.49% |
| 6 | Manulife Financial | 75.03 Bn | -19.34 Bn | - | - |
| 7 | Arthur J. Gallagher | 72.55 Bn | 67.18 Bn | 3.33 Bn | 6.01% |
| 8 | Aon | 71.77 Bn | 51.00 Bn | - | 11.58% |
| 9 | Allstate | 66.66 Bn | 23.71 Bn | -9.85 Bn | 9.71% |
| 10 | Metlife | 64.78 Bn | -43.18 Bn | 9.05 Bn | 40.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.58% |
| Jun 30, 2026 | 14.78% |
| Mar 31, 2026 | 14.76% |
| Dec 31, 2025 | 13.80% |
| Sep 30, 2025 | 13.61% |
| Jun 30, 2025 | 13.03% |
| Mar 31, 2025 | 12.63% |
| Dec 31, 2024 | 12.87% |
| Sep 30, 2024 | 11.72% |
| Jun 30, 2024 | 14.16% |
| Mar 31, 2024 | 22.78% |
| Dec 31, 2023 | 29.58% |
| Sep 30, 2023 | 30.79% |
| Jun 30, 2023 | 29.10% |
| Mar 31, 2023 | 29.09% |
| Dec 31, 2022 | 30.01% |
| Sep 30, 2022 | 27.86% |
| Jun 30, 2022 | 14.43% |
| Mar 31, 2022 | 13.76% |
| Dec 31, 2021 | 13.32% |
API Access
Aon Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();