Cash Flow Statement
Growth Metrics

Willis Towers Watson (WTW) Equity Ratio (2009 - 2026)

Willis Towers Watson posted quarterly Equity Ratio of 0.27 for Q1 2026, down 7.09% year-on-year from 0.29 in Q1 2025, and little changed on a QoQ basis from 0.27 in Q4 2025.

Willis Towers Watson (WTW) has 18 years of Equity Ratio data on file, last reported at 0.27 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 7.09% year-over-year to 0.27; the trailing twelve-month figure through Mar 2026 stood at 0.27 (down 7.09% YoY), and the FY2025 full-year result was 0.27, down 5.85% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.27, roughly flat from 0.27 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.34 in Q3 2023 and bottomed at 0.27 in Q1 2026.
  • The 5-year median for Equity Ratio is 0.32 (2022), against an average of 0.31.
  • The widest annual swing landed in 2022, when Equity Ratio advanced 12.56%; it then dropped 18.85% in 2024.
  • A 5-year view of Equity Ratio shows it stood at 0.32 in 2022, then grew by 3.8% to 0.33 in 2023, then dropped by 12.17% to 0.29 in 2024, then fell by 5.85% to 0.27 in 2025, then decreased by 0.27% to 0.27 in 2026.
  • The last three Equity Ratio figures came in at 0.27 (Q1 2026), 0.27 (Q4 2025), and 0.28 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 0.19
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 0.30
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 0.27
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 0.42
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -12.69
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 0.08
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn 0.58
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 0.16
9 Goosehead Insurance 1.01 Bn 899.53 Mn - -0.31
10 Twfg 279.02 Mn 351.22 Mn - 0.77

Historic Data

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DateValue
Mar 31, 2026 0.27
Dec 31, 2025 0.27
Sep 30, 2025 0.28
Jun 30, 2025 0.29
Mar 31, 2025 0.29
Dec 31, 2024 0.29
Sep 30, 2024 0.28
Jun 30, 2024 0.32
Mar 31, 2024 0.32
Dec 31, 2023 0.33
Sep 30, 2023 0.34
Jun 30, 2023 0.34
Mar 31, 2023 0.32
Dec 31, 2022 0.32
Sep 30, 2022 0.32
Jun 30, 2022 0.32
Mar 31, 2022 0.34
Dec 31, 2021 0.38
Sep 30, 2021 0.31
Jun 30, 2021 0.31
Mar 31, 2021 0.30
Dec 31, 2020 0.28
Sep 30, 2020 0.28
Jun 30, 2020 0.27
Mar 31, 2020 0.28
Dec 31, 2019 0.29
Sep 30, 2019 0.28
Jun 30, 2019 0.29
Mar 31, 2019 0.28
Dec 31, 2018 0.31
Sep 30, 2018 0.31
Jun 30, 2018 0.30
Mar 31, 2018 0.32
Dec 31, 2017 0.32
Sep 30, 2017 0.31
Jun 30, 2017 0.32
Mar 31, 2017 0.32
Dec 31, 2016 0.34
Sep 30, 2016 0.34
Jun 30, 2016 -0.04
Mar 31, 2016 -0.03
Dec 31, 2015 0.13
Sep 30, 2015 0.14
Jun 30, 2015 0.14
Mar 31, 2015 0.14
Dec 31, 2014 0.13
Sep 30, 2014 0.15
Jun 30, 2014 0.15
Mar 31, 2014 0.15
Dec 31, 2013 0.15
Sep 30, 2013 0.13
Jun 30, 2013 0.12
Mar 31, 2013 0.12
Dec 31, 2012 0.11
Sep 30, 2012 0.16
Dec 31, 2011 0.16
Sep 30, 2011 0.16
Jun 30, 2011 0.15
Mar 31, 2011 0.15
Dec 31, 2010 0.16
Sep 30, 2010 0.16
Jun 30, 2010 0.14
Dec 31, 2009 0.14