Aon vs Everest Group
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KIRAβs take AI analyst
I put Aon and Everest Group side by side, using each oneβs latest annual report. Here is what stands out:
- Everest Group is the larger business, with $17.5B of revenue in fiscal 2025 against $17.2B for Aon.
- Aon grew revenue faster (9.5%, against 1.2%).
- Investors pay more for each dollar of Aonβs earnings: a P/E of 16.7x against 8.4x for Everest Group.
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
Aon
AON
3/5
Revenue growthNet marginReturn on equity
Everest Group
EG
2/5
5-year growthShare count change
Side by side
Best in the row
| Latest fiscal year | AON FY25 | EG FY25 |
|---|---|---|
| Size | ||
| Market cap | $64.6B | $15.4B |
| Revenue | $17.2B | $17.5B |
| Free cash flow | $3.2B | β |
| Net income | $3.7B | $1.6B |
| Growth | ||
| Revenue growth | 9.5% | 1.2% |
| 5-year growth | 9.2% | 12.8% |
| Share count change | 2.2% | β2.6% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 25.3% | β |
| Net margin | 21.5% | 9.1% |
| FCF margin | 18.7% | β |
| Return on capital | 15.6% | β |
| Return on equity | 47.8% | 10.9% |
| Balance sheet | ||
| Net debt | $12.5B | β |
| Net debt / EBITDA | 2.8x | β |
| Dividends and buybacks | $1.6B | $1.1B |
| Valuation & quality | ||
| P/E | 16.7x | 8.4x |
| Piotroski F-score | 4 | β |
Ten years
Revenue
FY16
AON $9.4B
EG $5.8B
FY17
AON $10.0B
EG $6.6B
FY18
AON $10.8B
EG $7.4B
FY19
AON $11.0B
EG $8.2B
FY20
AON $11.1B
EG $9.6B
FY21
AON $12.2B
EG $11.9B
FY22
AON $12.5B
EG $12.1B
FY23
AON $13.4B
EG $14.6B
FY24
AON $15.7B
EG $17.3B
FY25
AON $17.2B
EG $17.5B
AON
EG
Operating margin
FY16
AON 19.3%
EG β
FY17
AON 10.7%
EG β
FY18
AON 14.3%
EG β
FY19
AON 19.7%
EG β
FY20
AON 25.1%
EG β
FY21
AON 17.1%
EG β
FY22
AON 29.4%
EG β
FY23
AON 28.3%
EG β
FY24
AON 24.4%
EG β
FY25
AON 25.3%
EG β
AON
EG
Free cash flow
FY16
AON $2.2B
EG β
FY17
AON $551M
EG β
FY18
AON $1.4B
EG β
FY19
AON $1.6B
EG β
FY20
AON $2.6B
EG β
FY21
AON $2.0B
EG β
FY22
AON $3.0B
EG β
FY23
AON $3.2B
EG β
FY24
AON $2.8B
EG β
FY25
AON $3.2B
EG β
AON
EG
Return on capital
FY16
AON 15.1%
EG β
FY17
AON 6.6%
EG β
FY18
AON 14.4%
EG β
FY19
AON 18.6%
EG β
FY20
AON 22.6%
EG β
FY21
AON 14.2%
EG β
FY22
AON 32.3%
EG β
FY23
AON 33.8%
EG β
FY24
AON 19.2%
EG β
FY25
AON 15.6%
EG β
AON
EG
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.