Willis Towers Watson Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	24,357	26,797	30,475	22,533	24,771	26,021
Market Cap Growth	-20.71%	-12.07%	35.25%	-9.03%	-4.81%	17.20%
Enterprise Value	27,623	30,256	35,010	26,819	28,556	29,083
Last Close Price	254.00	281.22	297.78	208.98	219.35	197.13
PE Ratio	17.82	19.60	-	23.61	26.24	7.01
PS Ratio	2.95	3.24	3.18	2.63	2.99	3.29
PB Ratio	3.55	3.91	3.94	2.60	2.62	2.22
P/TBV Ratio	-	-	-	-	-	56.69
P/FCF Ratio	18.50	20.35	22.93	20.90	39.28	15.47
P/OCF Ratio	16.11	17.73	20.87	18.52	32.60	14.36
EV/Sales Ratio	3.35	3.66	3.65	3.13	3.44	3.68
EV/EBITDA Ratio	11.74	13.28	13.62	12.13	12.83	13.79
EV/EBIT Ratio	14.56	15.74	16.45	15.38	16.85	18.91
EV/FCF Ratio	20.98	22.98	26.34	24.87	45.28	17.29
Debt / Equity Ratio	0.86	0.86	0.74	0.62	0.54	0.41
Debt / EBITDA Ratio	2.47	2.47	2.09	2.25	2.10	2.09
Debt / FCF Ratio	4.47	4.47	4.31	4.99	8.14	2.87
Net Debt / Equity Ratio	0.47	0.47	0.51	0.47	0.42	0.06
Net Debt / EBITDA Ratio	1.41	1.41	1.52	1.85	1.78	0.34
Net Debt / FCF Ratio	2.44	2.44	2.94	3.79	6.26	0.42
Asset Turnover	0.34	0.34	0.35	0.31	0.27	0.25
Quick Ratio	0.42	0.42	0.42	0.32	0.25	0.49
Current Ratio	1.21	1.21	1.20	1.06	1.07	1.26
Return on Equity (ROE)	20.08%	20.08%	-1.00%	10.81%	9.09%	17.79%
Return on Assets (ROA)	4.93%	4.93%	4.85%	3.96%	3.39%	2.97%
Return on Invested Capital (ROIC)	15.96%	15.79%	-14.24%	11.28%	10.78%	9.42%
Return on Capital Employed (ROCE)	14.50%	14.50%	14.60%	11.70%	10.70%	8.60%
Earnings Yield	5.61%	5.10%	-0.31%	4.24%	3.81%	14.27%
FCF Yield	5.41%	4.91%	4.36%	4.79%	2.55%	6.46%
Dividend Yield	1.26%	-	1.16%	1.47%	1.41%	1.40%
Payout Ratio	22.31%	22.30%	-	33.37%	36.57%	8.86%
Buyback Yield / Dilution	2.94%	2.94%	3.77%	5.36%	13.18%	0.77%
Total Shareholder Return	4.20%	2.94%	4.93%	6.83%	14.59%	2.17%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.