ERIE vs WTW
Erie Indemnity Co. and Willis Towers Watson PLC, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ERIE | WTW |
|---|---|---|
| Revenue | $4.1B | $9.7B |
| Net income | $559.3M | $1.6B |
| Gross margin | · | · |
| Net margin | 13.8% | 16.6% |
| Return on equity | 26.2% | 20.2% |
| Diluted EPS | · | $16.26 |
| Dividend / share | · | $3.68 |
| Payout ratio | 45.5% | 22.3% |
| Free cash flow | $571.0M | $1.5B |
| Equity | $2.3B | $8.0B |
| Net debt / equity | · | 0.40× |
| Current ratio | 1.27× | 1.20× |
| Revenue CAGR 5y | 9.9% | 2.4% |
| Profit CAGR 5y | 13.8% | 10.0% |
WTW bills 2.4× the revenue of ERIE, and keeps more of each dollar of revenue as profit (16.6% against 13.8%).
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 | ERIE | WTW |
|---|---|---|
| FY2025 | $4.1B | $9.7B |
| FY2024 | $3.8B | $9.9B |
| FY2023 | $3.3B | $9.5B |
| FY2022 | $2.8B | $8.9B |
| FY2021 | $2.6B | $9.0B |
| FY2020 | $2.5B | $8.6B |
| FY2019 | $2.5B | $8.4B |
| FY2018 | $2.4B | $8.5B |
| FY2017 | $1.7B | $8.2B |
| FY2016 | $1.6B | $7.9B |
Bottom line
| Fiscal year | ERIE | WTW |
|---|---|---|
| FY2025 | $559.3M | $1.6B |
| FY2024 | $600.3M | $-98.0M |
| FY2023 | $446.1M | $1.1B |
| FY2022 | $298.6M | $1.0B |
| FY2021 | $297.9M | $4.2B |
| FY2020 | $293.3M | $996.0M |
| FY2019 | $316.8M | $1.0B |
| FY2018 | $288.2M | $695.0M |
| FY2017 | $197.0M | $568.0M |
| FY2016 | $210.4M | $420.0M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$5,640,742,000 | WTW |
| FY2024 | −$6,134,885,000 | WTW |
| FY2023 | −$6,214,060,000 | WTW |
| FY2022 | −$6,025,876,000 | WTW |
| FY2021 | −$6,364,023,000 | WTW |
| FY2020 | −$6,078,511,000 | WTW |
| FY2019 | −$5,892,702,000 | WTW |
| FY2018 | −$6,130,788,000 | WTW |
| FY2017 | −$6,510,226,000 | WTW |
| FY2016 | −$6,290,369,000 | WTW |
| FY2015 | −$2,323,492,000 | WTW |
| FY2014 | −$2,394,881,000 | WTW |
| FY2013 | −$2,357,669,000 | WTW |
| FY2012 | +$2,032,000,000 | ERIE |
| FY2011 | +$1,377,000,000 | ERIE |
| FY2010 | +$1,558,000,000 | ERIE |
| FY2009 | +$1,002,000,000 | ERIE |
| FY2008 | −$176,000,000 | WTW |
The higher-revenue side has changed between ERIE and WTW over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.9 pp | WTW |
| FY2024 | +16.7 pp | ERIE |
| FY2023 | +2.4 pp | ERIE |
| FY2022 | −1.0 pp | WTW |
| FY2021 | −35.8 pp | WTW |
| FY2020 | −0.3 pp | WTW |
| FY2019 | −0.0 pp | WTW |
| FY2018 | +3.7 pp | ERIE |
| FY2017 | +4.4 pp | ERIE |
| FY2016 | +7.6 pp | ERIE |
| FY2015 | +1.6 pp | ERIE |
| FY2014 | +30.9 pp | ERIE |
| FY2013 | +70.5 pp | ERIE |
| FY2012 | +23.7 pp | ERIE |
| FY2011 | −0.8 pp | WTW |
| FY2010 | −0.6 pp | WTW |
| FY2009 | −3.6 pp | WTW |
| FY2008 | −34.7 pp | WTW |
The higher net margin has changed hands between ERIE and WTW over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ERIE's net margin has been more volatile than WTW's over the 18 comparable fiscal years — 19.2 percentage points of standard deviation against 10.9.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ERIE and WTW over these 18 fiscal years — ERIE led in 9 and WTW in 9.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WTW's return on equity has been more volatile than ERIE's over the 16 comparable fiscal years — 11.6 percentage points of standard deviation against 4.0.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ERIE and WTW over these 16 fiscal years — ERIE led in 14 and WTW in 2.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.