Analysis for AON
- 📈 Growth — 26/30
- 💰 Profitability — 19/20
- 🏦 Financial Health — 15/20
- 💵 Valuation — 14/20
- ⚠️ Risk — 3/10
Summary:
📈 Growth & Financial Trajectory
Over the 8 quarters, revenue rose from $3.72B to $5.03B (~35% growth). Net income grew from $0.54B to $1.24B, ~131% growth, despite volatility (Q3 2024 and Q4 2024 dips). Operating income remained robust, around $1.0B–$2.0B per quarter, reaching $1.71B in Q1 2026. Gross margins expanded from about 11% to 34%.
💰 Margins & Cash Flow
Gross margin improved to about 34% by Q1 2026; operating leverage supported profit growth. Net cash flow from operating activities was positive in most quarters, with Q1 2026 showing about $0.43B (continuing) and total net cash flow near $0.89B.
🛡️ Balance Sheet & Liquidity
Assets run around $50–51B with liabilities near $40–43B; equity ranged $6–9B. Current ratio hovered near 1.0, and leverage remained moderate (liabilities ~0.8x assets), supporting liquidity despite periodic cash-flow variability.
⚠️ Key Drivers & Risks
- Drivers: Growing demand for risk management and insurance brokerage; cross-selling opportunities.
- Risks: Cyclicality in advisory demand and revenue mix; FX sensitivity and regulatory shifts.