AON vs EQH
Aon PLC and Equitable Holdings, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AON | EQH |
|---|---|---|
| Revenue | $17.2B | $11.7B |
| Net income | $3.7B | $-1.4B |
| Gross margin | · | · |
| Net margin | 21.8% | −8.9% |
| Return on equity | 47.8% | · |
| Diluted EPS | $17.02 | −$4.83 |
| Dividend / share | $2.91 | $1.05 |
| Payout ratio | 17.0% | −22.8% |
| Free cash flow | $3.2B | · |
| Equity | $9.4B | $-74.0M |
| Net debt / equity | 1.50× | · |
| Current ratio | 1.11× | · |
| Revenue CAGR 5y | 9.2% | −1.2% |
| Profit CAGR 5y | 13.4% | · |
AON bills 1.5× the revenue of EQH, and EQH closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AON | EQH |
|---|---|---|
| FY2025 | $17.2B | $11.7B |
| FY2024 | $15.7B | $12.4B |
| FY2023 | $13.4B | $10.5B |
| FY2022 | $12.5B | $12.6B |
| FY2021 | $12.2B | $7.6B |
| FY2020 | $11.1B | $12.4B |
| FY2019 | $11.0B | $9.6B |
| FY2018 | $10.8B | $12.1B |
| FY2017 | $10.0B | $12.5B |
| FY2016 | $9.4B | $11.8B |
Bottom line
| Fiscal year | AON | EQH |
|---|---|---|
| FY2025 | $3.7B | $-1.4B |
| FY2024 | $2.7B | $1.3B |
| FY2023 | $2.6B | $1.3B |
| FY2022 | $2.6B | $2.2B |
| FY2021 | $1.3B | $1.8B |
| FY2020 | $2.0B | $-648.0M |
| FY2019 | $1.5B | $-1.8B |
| FY2018 | $1.2B | $1.9B |
| FY2017 | $1.3B | $834.0M |
| FY2016 | $1.4B | $1.3B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$5,516,000,000 | AON |
| FY2024 | +$3,273,000,000 | AON |
| FY2023 | +$2,916,000,000 | AON |
| FY2022 | −$165,000,000 | EQH |
| FY2021 | +$4,579,000,000 | AON |
| FY2020 | −$1,349,000,000 | EQH |
| FY2019 | +$1,394,000,000 | AON |
| FY2018 | −$1,299,000,000 | EQH |
| FY2017 | −$2,462,000,000 | EQH |
| FY2016 | −$2,354,000,000 | EQH |
The higher-revenue side has changed between AON and EQH over this period. The gap has widened since the earliest year compared.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +30.7 pp | AON |
| FY2024 | +2.9 pp | AON |
| FY2023 | +4.1 pp | AON |
| FY2022 | +2.3 pp | AON |
| FY2021 | −17.8 pp | EQH |
| FY2020 | +21.0 pp | AON |
| FY2019 | +29.5 pp | AON |
| FY2018 | −7.2 pp | EQH |
| FY2017 | +2.5 pp | AON |
| FY2016 | +1.2 pp | AON |
The higher net margin has changed hands between AON and EQH over this period.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EQH's net margin has been more volatile than AON's over the 10 comparable fiscal years — 13.1 percentage points of standard deviation against 3.9.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AON and EQH over these 10 fiscal years — AON led in 8 and EQH in 2.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AON's return on equity has been more volatile than EQH's over the 5 comparable fiscal years — 13.5 percentage points of standard deviation against 10.3.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AON led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.