Invesaro

Stocks Comparison

Equitable vs Willis Towers Watson: revenue, profit, margins and growth compared

Equitable brought in $11.7B of revenue in fiscal 2025, Willis Towers Watson $9.7B in fiscal 2025. Revenue changed by -6.1% at Equitable and -2.2% at Willis Towers Watson on the year before, so Willis Towers Watson grew faster. Equitable kept -11.8% of its revenue as net profit, Willis Towers Watson 16.5%.

Side by side, latest fiscal year

EQHWTW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.7B$9.7B
Revenue growth-6.1%-2.2%
Net income-$1.4B$1.6B
Net margin-11.8%16.5%
Free cash flown/a$1.5B
Free cash flow marginn/a15.9%
Earnings per share (diluted)-$4.83$16.26
Cash$12.5B$3.1B
Debt$3.8B$9.7B
Price to earningsn/a18.1
Market value$14.7B$27.3B
Dividend yield1.95%1.25%
Rank by revenue in sector#57 of 444 · Finance#62 of 444 · Finance

Over the years

Revenue
EQH FY2018: $12.1BEQH FY2019: $9.6BEQH FY2020: $12.4BEQH FY2021: $7.6BEQH FY2022: $12.6BEQH FY2023: $10.5BEQH FY2024: $12.4BEQH FY2025: $11.7BWTW FY2018: $8.5BWTW FY2019: $8.4BWTW FY2020: $8.6BWTW FY2021: $9BWTW FY2021: $8.9BWTW FY2023: $9.5BWTW FY2024: $9.9BWTW FY2025: $9.7BFY18FY19FY20FY21FY22FY23FY24FY25
EQH $11.7BWTW $9.7B
Net income
EQH FY2018: $1.9BEQH FY2019: -$1.8BEQH FY2020: -$648MEQH FY2021: $1.8BEQH FY2022: $2.2BEQH FY2023: $1.3BEQH FY2024: $1.3BEQH FY2025: -$1.4BWTW FY2018: $695MWTW FY2019: $1BWTW FY2020: $996MWTW FY2021: $4.2BWTW FY2021: $1BWTW FY2023: $1.1BWTW FY2024: -$98MWTW FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
EQH -$1.4BWTW $1.6B
Net margin
EQH FY2018: 15.4%EQH FY2019: -18.3%EQH FY2020: -5.2%EQH FY2021: 23.0%EQH FY2022: 17.0%EQH FY2023: 12.3%EQH FY2024: 10.3%EQH FY2025: -11.8%WTW FY2018: 8.2%WTW FY2019: 12.5%WTW FY2020: 11.6%WTW FY2021: 46.9%WTW FY2021: 11.4%WTW FY2023: 11.1%WTW FY2024: -1.0%WTW FY2025: 16.5%FY18FY19FY20FY21FY22FY23FY24FY25
EQH -11.8%WTW 16.5%
Revenue growth
EQH FY2019: -20.3%EQH FY2020: +29.1%EQH FY2021: -38.7%EQH FY2022: +66.1%EQH FY2023: -17.3%EQH FY2024: +18.8%EQH FY2025: -6.1%WTW FY2019: -1.7%WTW FY2020: +2.9%WTW FY2021: +4.4%WTW FY2021: -1.5%WTW FY2023: +7.0%WTW FY2024: +4.7%WTW FY2025: -2.2%FY19FY20FY21FY22FY23FY24FY25
EQH -6.1%WTW -2.2%
Free cash flow
WTW FY2018: $1BWTW FY2023: $1.1BWTW FY2024: $1.3BWTW FY2025: $1.5BFY18FY23FY24FY25
EQHWTW $1.5B

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

Questions about Equitable and Willis Towers Watson

Which is bigger by revenue, Equitable or Willis Towers Watson?

Equitable is bigger by revenue: $11.7B in fiscal 2025, against $9.7B for Willis Towers Watson in fiscal 2025.

Which keeps more of its revenue as profit, Equitable or Willis Towers Watson?

Equitable had a net margin of -11.8% in fiscal 2025; Willis Towers Watson had 16.5% in fiscal 2025.

Which grew revenue faster, Equitable or Willis Towers Watson?

In their latest fiscal years revenue changed by -6.1% at Equitable and -2.2% at Willis Towers Watson.

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.

More comparisons

Compare more companies