Reading the tape
NASDAQ: WTW
Willis Towers Watson Public Limited Company
Financial Services · Insurance - Brokers
Market Cap
$24.21B
52w High
$352.79
52w Low
$246.61
P/E
14.64
Volume
1.05M
Outstanding Shares
94.45M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
1Y Price: -17.08%Revenue (TTM): 0.87%FCF (TTM): 7.59%P/FCF: 8th pct
What changed
The stock fell 17.08% over the last year. Revenue grew 0.87% over the trailing twelve months. Operating margin moved from 7.94% to 22.73%. Free cash flow grew 7.59% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 8th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 22.73%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide.
CEOCarl Aaron Hess
SectorFinancial Services
IndustryInsurance - Brokers
Employees49,000
IPO dateJun 12, 2001
Valuation
Forward P/E—
EV/EBITDA13.45
Enterprise value$35.97B
Price / Book3.04
Stock splits
Jan 5, 2016↓ Reverse
Every 400 shares became 151
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth8.5%
Gross margin38.16%▼5.68%vs FY2024
Operating margin22.73%▲264.45%vs FY2024
ROE20.12%▲1730.36%vs FY2024
Analyst consensus
RatingBuy
Target price$337.38▲31.60%
19
Buy
9
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $3.16 · Revenue est $2.42B
View
Dividends
$3.72/shareQuarterly9yr growth streakSafeWTW pays a dividend with a 1.45% dividend yield, 9 consecutive years of growth, growing at 6% annually, covered 4.3× by free cash flow.
Dividend Yield
1.45%
Annual Div / Share
$3.72
5yr CAGR
+6%
Doubles every ~11.9yr
Payout Ratio
21.48%
Safe
Dividend Growth Rate
3yr CAGR
+4.07%
5yr CAGR
+6%
10yr CAGR
+2.37%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$3.72+4.5%
2024$3.56+4.7%
2023$3.40+3.0%
2022$3.30+5.4%
2021$3.13+12.6%
2020$2.78+5.7%
2019$2.63+7.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$15/yr
$1/mo
In 5 yrs
$19/yr+34%
$2/mo
In 10 yrs
$26/yr+79%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$15/yr $1/mo | $19/yr+34% $2/mo | $26/yr+79% $2/mo |
Yield-on-cost grows from 1.45% → 2.6% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 4.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 6% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.