Invesaro

Stocks Comparison

Arthur J. Gallagher vs Aon: revenue, profit, margins and growth compared

Arthur J. Gallagher brought in $13.9B of revenue in fiscal 2025, Aon $17.2B in fiscal 2025. Revenue changed by +20.7% at Arthur J. Gallagher and +9.4% at Aon on the year before, so Arthur J. Gallagher grew faster. Arthur J. Gallagher kept 10.7% of its revenue as net profit, Aon 21.5%. Free cash flow was $1.8B at Arthur J. Gallagher and $3.2B at Aon.

Side by side, latest fiscal year

AJGAON
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$13.9B$17.2B
Revenue growth+20.7%+9.4%
Net income$1.5B$3.7B
Net margin10.7%21.5%
Free cash flow$1.8B$3.2B
Free cash flow margin12.8%18.7%
Earnings per share (diluted)$5.74$17.02
Cash$1.4B$1.2B
Debt$12.9B$15.2B
Price to earnings40.316.3
Market value$59.2B$59B
Dividend yield1.13%1.05%
Rank by revenue in sector#49 of 444 · Finance#37 of 444 · Finance

Over the years

Revenue
AJG FY2018: $6.9BAJG FY2019: $7.2BAJG FY2020: $7BAJG FY2021: $8.2BAJG FY2022: $8.6BAJG FY2023: $10.1BAJG FY2024: $11.6BAJG FY2025: $13.9BAON FY2018: $10.8BAON FY2019: $11BAON FY2020: $11.1BAON FY2021: $12.2BAON FY2022: $12.5BAON FY2023: $13.4BAON FY2024: $15.7BAON FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25
AJG $13.9BAON $17.2B
Net income
AJG FY2018: $633.5MAJG FY2019: $668.8MAJG FY2020: $818.8MAJG FY2021: $906.8MAJG FY2022: $1.1BAJG FY2023: $970MAJG FY2024: $1.5BAJG FY2025: $1.5BAON FY2018: $1.1BAON FY2019: $1.5BAON FY2020: $2BAON FY2021: $1.3BAON FY2022: $2.6BAON FY2023: $2.6BAON FY2024: $2.7BAON FY2025: $3.7BFY18FY19FY20FY21FY22FY23FY24FY25
AJG $1.5BAON $3.7B
Net margin
AJG FY2018: 9.1%AJG FY2019: 9.3%AJG FY2020: 11.7%AJG FY2021: 11.0%AJG FY2022: 13.0%AJG FY2023: 9.6%AJG FY2024: 12.7%AJG FY2025: 10.7%AON FY2018: 10.5%AON FY2019: 13.9%AON FY2020: 17.8%AON FY2021: 10.3%AON FY2022: 20.7%AON FY2023: 19.2%AON FY2024: 16.9%AON FY2025: 21.5%FY18FY19FY20FY21FY22FY23FY24FY25
AJG 10.7%AON 21.5%
Revenue growth
AJG FY2019: +3.8%AJG FY2020: -2.7%AJG FY2021: +17.2%AJG FY2022: +4.2%AJG FY2023: +17.8%AJG FY2024: +14.7%AJG FY2025: +20.7%AON FY2019: +2.3%AON FY2020: +0.5%AON FY2021: +10.2%AON FY2022: +2.3%AON FY2023: +7.2%AON FY2024: +17.4%AON FY2025: +9.4%FY19FY20FY21FY22FY23FY24FY25
AJG +20.7%AON +9.4%
Free cash flow
AJG FY2018: $640.7MAJG FY2019: $1.1BAJG FY2020: $1.7BAJG FY2021: $1.3BAJG FY2022: $1.2BAJG FY2023: $1.8BAJG FY2024: $2.4BAJG FY2025: $1.8BAON FY2018: $1.4BAON FY2019: $1.6BAON FY2020: $2.6BAON FY2021: $2BAON FY2022: $3BAON FY2023: $3.2BAON FY2024: $2.8BAON FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
AJG $1.8BAON $3.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Arthur J. Gallagher and Aon

Which is bigger by revenue, Arthur J. Gallagher or Aon?

Aon is bigger by revenue: $17.2B in fiscal 2025, against $13.9B for Arthur J. Gallagher in fiscal 2025.

Which keeps more of its revenue as profit, Arthur J. Gallagher or Aon?

Arthur J. Gallagher had a net margin of 10.7% in fiscal 2025; Aon had 21.5% in fiscal 2025.

Which grew revenue faster, Arthur J. Gallagher or Aon?

In their latest fiscal years revenue changed by +20.7% at Arthur J. Gallagher and +9.4% at Aon.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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