Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin27.4%
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin21.5%
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Financial Health
C
Years to Pay Off Debt4.3 yrs
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt-$12.1B
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital$2.5B
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Valuation
N/A
Cash Flow
A
Free Cash Flow$3.2B
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income7.1%
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings$4.9B
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Metric Explanations
What each dimension measures and where the thresholds come from.
Gross Profit Margin
Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Years to Pay Off Debt
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Free Cash Flow
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Market Data
Key Margins
Gross Profit47.7%
Operating Margin27.4%
Net Margin21.5%
Company Info
Showing Key Metrics
Income Highlights
Metric
2025
2024
2023
2022
2021
Gross Profit %
47.7%▲
47.2%▼
48.4%▲
48.1%•
N/A
Operating Margin %
27.4%▲
26.9%▼
29.3%▼
29.4%•
N/A
Net Income %
21.5%▲
16.9%▼
19.2%▼
20.7%•
N/A
Diluted EPS
17.02▲
12.49▼
12.51▲
12.14•
N/A
Balance Sheet Highlights
Metric
2025
2024
2023
2022
2021
Total Assets
$50.8B
$49.0B
$34.0B
$32.7B
N/A
Total Debt
$16.1B▼
$17.9B▲
$12.0B▲
$11.7B•
N/A
Working Capital
$2.5B▲
$437M▲
$53M▼
$417M•
N/A
Years to Pay Debt
4.35
6.74
4.69
4.51
N/A
Cash Flow Highlights
Metric
2025
2024
2023
2022
2021
Free Cash Flow
$3.2B▲
$2.8B▼
$3.2B▲
$3.0B•
N/A
Owner Earnings
$4.9B
$3.6B
$3.1B
$3.0B
N/A
CapEx % of Net Income
7.1%
8.2%
9.8%
7.6%
N/A
Income Statement
2025
2024
2023
2022
2021
Tax Effect Of Unusual Items
195,694
-643
-35,055
7,110
Tax Rate For Calcs
0
0
0
0
Normalized EBITDA
5,617,000
4,939,000
4,114,000
3,782,000
Total Unusual Items
923,000
-3,000
-205,000
44,000
Total Unusual Items Excluding Goodwill
923,000
-3,000
-205,000
44,000
Net Income From Continuing Operation Net Minority Interest
3,695,000
2,654,000
2,564,000
2,589,000
Reconciled Depreciation
966,000
686,000
256,000
264,000
Reconciled Cost Of Revenue
8,985,000
8,283,000
6,902,000
6,477,000
EBITDA
6,540,000
4,936,000
3,909,000
3,826,000
EBIT
5,574,000
4,250,000
3,653,000
3,562,000
Net Interest Income
-796,000
-721,000
-453,000
-388,000
Interest Expense
815,000
788,000
484,000
406,000
Interest Income
19,000
67,000
31,000
18,000
Normalized Income
2,967,694
2,656,357
2,733,945
2,552,110
Net Income From Continuing And Discontinued Operation
3,695,000
2,654,000
2,564,000
2,589,000
Total Expenses
12,472,000
11,474,000
9,456,000
8,810,000
Rent Expense Supplemental
337,000
325,000
294,000
289,000
Total Operating Income As Reported
4,344,000
3,835,000
3,785,000
3,669,000
Diluted Average Shares
217,100
212,500
205,000
213,200
Basic Average Shares
215,900
211,400
203,500
211,700
Diluted EPS
0
0
0
0
Basic EPS
0
0
0
0
Diluted NI Availto Com Stockholders
3,695,000
2,654,000
2,564,000
2,589,000
Net Income Common Stockholders
3,695,000
2,654,000
2,564,000
2,589,000
Net Income
3,695,000
2,654,000
2,564,000
2,589,000
Minority Interests
-55,000
-66,000
-64,000
-57,000
Net Income Including Noncontrolling Interests
3,750,000
2,720,000
2,628,000
2,646,000
Net Income Continuous Operations
3,750,000
2,720,000
2,628,000
2,646,000
Tax Provision
1,009,000
742,000
541,000
510,000
Pretax Income
4,759,000
3,462,000
3,169,000
3,156,000
Other Income Expense
846,000
-41,000
-298,000
-125,000
Other Non Operating Income Expenses
-87,000
-48,000
-98,000
-179,000
Special Income Charges
944,000
25,000
-131,000
54,000
Gain On Sale Of Business
1,309,000
421,000
4,000
54,000
Other Special Charges
7,000
Restructuring And Mergern Acquisition
365,000
389,000
135,000
0
Earnings From Equity Interest
10,000
10,000
5,000
10,000
Gain On Sale Of Security
-21,000
-28,000
-74,000
-10,000
Net Non Operating Interest Income Expense
-796,000
-721,000
-453,000
-388,000
Interest Expense Non Operating
815,000
788,000
484,000
406,000
Interest Income Non Operating
19,000
67,000
31,000
18,000
Operating Income
4,709,000
4,224,000
3,920,000
3,669,000
Operating Expense
3,487,000
3,191,000
2,554,000
2,333,000
Other Operating Expenses
568,000
539,000
534,000
509,000
Depreciation Amortization Depletion Income Statement
966,000
686,000
256,000
264,000
Depreciation And Amortization In Income Statement
966,000
686,000
256,000
264,000
Amortization
778,000
503,000
89,000
113,000
Amortization Of Intangibles Income Statement
778,000
503,000
89,000
113,000
Depreciation Income Statement
188,000
183,000
167,000
151,000
Selling General And Administration
1,953,000
1,966,000
1,764,000
1,560,000
General And Administrative Expense
1,953,000
1,966,000
1,764,000
1,560,000
Other Gand A
1,616,000
1,641,000
1,470,000
1,271,000
Rent And Landing Fees
337,000
325,000
294,000
289,000
Salaries And Wages
48,000
98,000
179,000
-21,000
Gross Profit
8,196,000
7,415,000
6,474,000
6,002,000
Cost Of Revenue
8,985,000
8,283,000
6,902,000
6,477,000
Total Revenue
17,181,000
15,698,000
13,376,000
12,479,000
Operating Revenue
17,197,000
15,726,000
13,388,000
12,496,000
Balance Sheet
2025
2024
2023
2022
2021
Ordinary Shares Number
214,500
216,000
198,600
205,400
Share Issued
214,500
216,000
198,600
205,400
Net Debt
14,054,000
15,931,000
10,421,000
10,080,000
Total Debt
16,071,000
17,892,000
12,032,000
11,677,000
Tangible Book Value
-12,172,000
-15,856,000
-9,474,000
-9,268,000
Invested Capital
24,601,000
23,137,000
10,373,000
10,241,000
Working Capital
2,548,000
437,000
53,000
417,000
Net Tangible Assets
-12,172,000
-15,856,000
-9,474,000
-9,268,000
Capital Lease Obligations
822,000
876,000
833,000
907,000
Common Stock Equity
9,352,000
6,121,000
-826,000
-529,000
Total Capitalization
24,012,000
22,386,000
9,169,000
9,296,000
Total Equity Gross Minority Interest
9,548,000
6,430,000
-742,000
-429,000
Minority Interest
196,000
309,000
84,000
100,000
Stockholders Equity
9,352,000
6,121,000
-826,000
-529,000
Gains Losses Not Affecting Retained Earnings
-3,843,000
-4,745,000
-4,373,000
-4,623,000
Other Equity Adjustments
-3,843,000
-4,745,000
-4,373,000
-4,623,000
Retained Earnings
-245,000
-2,309,000
-3,399,000
-2,772,000
Additional Paid In Capital
13,438,000
13,173,000
6,944,000
6,864,000
Capital Stock
2,000
2,000
2,000
2,000
Common Stock
2,000
2,000
2,000
2,000
Total Liabilities Net Minority Interest
41,236,000
42,535,000
34,701,000
33,133,000
Total Non Current Liabilities Net Minority Interest
18,010,000
19,540,000
13,050,000
12,827,000
Other Non Current Liabilities
181,000
168,000
145,000
95,000
Employee Benefits
1,084,000
1,127,000
1,225,000
1,255,000
Non Current Pension And Other Postretirement Benefit Plans
1,084,000
1,127,000
1,225,000
1,186,000
Tradeand Other Payables Non Current
1,074,000
946,000
886,000
795,000
Non Current Deferred Liabilities
370,000
349,000
148,000
136,000
Non Current Deferred Revenue
30,000
30,000
33,000
37,000
Non Current Deferred Taxes Liabilities
340,000
319,000
115,000
99,000
Long Term Debt And Capital Lease Obligation
15,301,000
16,950,000
10,646,000
10,546,000
Long Term Capital Lease Obligation
641,000
685,000
651,000
721,000
Long Term Debt
14,660,000
16,265,000
9,995,000
9,825,000
Current Liabilities
23,226,000
22,995,000
21,651,000
20,306,000
Other Current Liabilities
19,027,000
18,608,000
17,442,000
16,618,000
Current Deferred Liabilities
259,000
280,000
270,000
250,000
Current Deferred Revenue
259,000
280,000
270,000
250,000
Current Debt And Capital Lease Obligation
770,000
942,000
1,386,000
1,131,000
Current Capital Lease Obligation
181,000
191,000
182,000
186,000
Current Debt
589,000
751,000
1,204,000
945,000
Other Current Borrowings
589,000
751,000
1,204,000
945,000
Commercial Paper
665,000
Payables And Accrued Expenses
3,170,000
3,165,000
2,553,000
2,307,000
Payables
3,170,000
3,165,000
2,553,000
2,307,000
Total Tax Payable
309,000
260,000
291,000
193,000
Accounts Payable
2,861,000
2,905,000
2,262,000
2,114,000
Total Assets
50,784,000
48,965,000
33,959,000
32,704,000
Total Non Current Assets
25,010,000
25,533,000
12,255,000
11,981,000
Other Non Current Assets
274,000
611,000
140,000
112,000
Defined Pension Benefit
603,000
556,000
618,000
652,000
Non Current Deferred Assets
956,000
861,000
1,390,000
1,009,000
Non Current Deferred Taxes Assets
748,000
654,000
1,195,000
824,000
Non Current Accounts Receivable
82,000
90,000
100,000
109,000
Investments And Advances
192,000
90,000
45,000
60,000
Goodwill And Other Intangible Assets
21,524,000
21,977,000
8,648,000
8,739,000
Other Intangible Assets
5,727,000
6,743,000
234,000
447,000
Goodwill
15,797,000
15,234,000
8,414,000
8,292,000
Net PPE
1,379,000
1,348,000
1,314,000
1,300,000
Accumulated Depreciation
-1,645,000
-1,509,000
-1,498,000
-1,391,000
Gross PPE
3,024,000
2,857,000
2,812,000
2,691,000
Leases
491,000
437,000
430,000
409,000
Construction In Progress
199,000
133,000
130,000
109,000
Other Properties
723,000
738,000
706,000
776,000
Machinery Furniture Equipment
1,611,000
1,549,000
1,546,000
1,397,000
Current Assets
25,774,000
23,432,000
21,704,000
20,723,000
Other Current Assets
190,000
157,000
137,000
108,000
Assets Held For Sale Current
1,000
354,000
0
Current Deferred Assets
450,000
424,000
370,000
355,000
Restricted Cash
7,378,000
17,566,000
16,307,000
15,900,000
Prepaid Assets
136,000
135,000
100,000
109,000
Receivables
14,822,000
3,846,000
3,289,000
3,109,000
Other Receivables
10,511,000
7,247,000
Taxes Receivable
102,000
43,000
35,000
74,000
Accounts Receivable
4,209,000
3,803,000
3,254,000
3,035,000
Allowance For Doubtful Accounts Receivable
-74,000
-75,000
-79,000
-76,000
Gross Accounts Receivable
4,283,000
3,878,000
3,333,000
3,111,000
Cash Cash Equivalents And Short Term Investments
2,798,000
11,623,000
1,147,000
1,142,000
Other Short Term Investments
1,603,000
10,538,000
369,000
452,000
Cash And Cash Equivalents
1,195,000
1,085,000
778,000
690,000
Cash Flow
2025
2024
2023
2022
2021
Free Cash Flow
3,218,000
2,817,000
3,183,000
3,023,000
Repurchase Of Capital Stock
-1,000,000
-1,000,000
-2,700,000
-3,203,000
Repayment Of Debt
-1,850,000
-4,928,000
-350,000
-500,000
Issuance Of Debt
0
7,926,000
744,000
1,967,000
Issuance Of Capital Stock
70,000
79,000
72,000
58,000
Capital Expenditure
-263,000
-218,000
-252,000
-196,000
Interest Paid Supplemental Data
796,000
658,000
446,000
351,000
Income Tax Paid Supplemental Data
1,053,000
740,000
546,000
412,000
End Cash Position
8,573,000
8,333,000
7,722,000
7,076,000
Beginning Cash Position
8,333,000
7,722,000
7,076,000
6,645,000
Effect Of Exchange Rate Changes
678,000
-387,000
264,000
-549,000
Changes In Cash
-438,000
998,000
382,000
980,000
Financing Cash Flow
-4,205,000
796,000
-2,865,000
-1,790,000
Cash Flow From Continuing Financing Activities
-4,205,000
796,000
-2,865,000
-1,790,000
Net Other Financing Charges
-772,000
-128,000
-115,000
416,000
Proceeds From Stock Option Exercised
-130,000
Cash Dividends Paid
-629,000
-562,000
-489,000
-463,000
Common Stock Dividend Paid
-629,000
-562,000
-489,000
-463,000
Net Common Stock Issuance
-930,000
-921,000
-2,628,000
-3,145,000
Common Stock Payments
-1,000,000
-1,000,000
-2,700,000
-3,203,000
Common Stock Issuance
70,000
79,000
72,000
58,000
Net Issuance Payments Of Debt
-1,874,000
2,407,000
367,000
1,402,000
Net Short Term Debt Issuance
-24,000
-591,000
-27,000
-65,000
Net Long Term Debt Issuance
-1,850,000
2,998,000
394,000
1,467,000
Long Term Debt Payments
-1,850,000
-4,928,000
-350,000
-500,000
Long Term Debt Issuance
0
7,926,000
744,000
1,967,000
Investing Cash Flow
286,000
-2,833,000
-188,000
-449,000
Cash Flow From Continuing Investing Activities
286,000
-2,833,000
-188,000
-449,000
Net Investment Purchase And Sale
-1,406,000
191,000
94,000
-172,000
Sale Of Investment
145,000
363,000
161,000
110,000
Purchase Of Investment
-1,551,000
-172,000
-67,000
-282,000
Net Business Purchase And Sale
1,955,000
-2,806,000
-30,000
-81,000
Sale Of Business
2,349,000
700,000
5,000
81,000
Purchase Of Business
-394,000
-3,506,000
-35,000
-162,000
Capital Expenditure Reported
-263,000
-218,000
-252,000
-196,000
Operating Cash Flow
3,481,000
3,035,000
3,435,000
3,219,000
Cash Flow From Continuing Operating Activities
3,481,000
3,035,000
3,435,000
3,219,000
Change In Working Capital
-192,000
-63,000
462,000
48,000
Change In Other Working Capital
193,000
-161,000
538,000
166,000
Change In Other Current Liabilities
27,000
17,000
99,000
0
Change In Payables And Accrued Expense
-155,000
393,000
13,000
-22,000
Change In Receivables
-257,000
-312,000
-188,000
-96,000
Changes In Account Receivables
-96,000
-119,000
Other Non Cash Items
-133,000
-134,000
28,000
170,000
Stock Based Compensation
432,000
474,000
438,000
397,000
Deferred Tax
-141,000
-311,000
-373,000
-252,000
Deferred Income Tax
-141,000
-311,000
-373,000
-252,000
Depreciation Amortization Depletion
966,000
686,000
256,000
264,000
Depreciation And Amortization
966,000
686,000
256,000
264,000
Amortization Cash Flow
778,000
503,000
89,000
113,000
Amortization Of Intangibles
778,000
503,000
89,000
113,000
Depreciation
188,000
183,000
167,000
151,000
Operating Gains Losses
-1,201,000
-337,000
-4,000
-54,000
Gain Loss On Sale Of Business
-1,201,000
-337,000
-4,000
-54,000
Net Income From Continuing Operations
3,750,000
2,720,000
2,628,000
2,646,000
3/5
Graham Score
Speculative Investor
Fails most of Graham's safety criteria. Treat with caution.
Graham's Fair Value
N/A
N/A — requires
positive EPS and positive book value per share. Check the Financials tab for earnings history.
Margin of Safety
—
Market Cap / Net Assets
N/A
Net Assets: $9.5B
Warren's Owner Earnings
$4.9B
Latest fiscal year
Graham's 7 Criteria
Defensive Investor Checklist
3/5 — Speculative Investor
✅
Adequate Size
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
$17.2B
vs > $1.5B revenue
❌
Strong Financial Condition
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
1.11x
vs Current Ratio > 2.0x
✅
Earnings Stability
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
No loss years (4 yrs data)
vs No negative EPS years
❌
Dividend Record
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
No dividend
vs Uninterrupted dividends
✅
Earnings Growth
EPS grew from $12.14 to $17.02 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
+40.2% EPS growth
vs > 33% EPS growth
Graham's 7 Criteria — Explained
What each criterion measures and why it matters.
✅ Adequate Size — $17.2Bvs > $1.5B revenue
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
"The minimum size of an enterprise should be not less than $100 million of annual sales."
❌ Strong Financial Condition — 1.11xvs Current Ratio > 2.0x
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
"For industrial companies, current assets should be at least twice current liabilities."
✅ Earnings Stability — No loss years (4 yrs data)vs No negative EPS years
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
"The company should have shown no deficit in the past ten years."
❌ Dividend Record — No dividendvs Uninterrupted dividends
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
"Some current dividend payments — for at least the past 20 years."
EPS grew from $12.14 to $17.02 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
"A minimum increase of at least one-third in per-share earnings over ten years."
These metrics estimate what AON is worth based on fundamentals — independent of what the market prices it at.
Graham's Fair Value and NCAV are conservative floors.
EPV assumes zero growth. These are reference points, not price targets.
Net Current Asset Value
N/A
"Buy at two-thirds of net current assets." — Graham
Earnings Power Value
N/A
Per share, no-growth floor. Compare to current price.
ROIC — Return on Invested Capital
13.5%
Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.
Cash Flow Analysis
Metric
2025
2024
2023
2022
2021
Capital Expenditure % of Net Income
7.1%
8.2%
9.8%
7.6%
N/A
Repurchase of Capital Stock
-$1.0B
-$1.0B
-$2.7B
-$3.2B
N/A
Free Cash Flow
$3.2B▲
$2.8B▼
$3.2B▲
$3.0B•
N/A•
Warren's Owner Earnings
$4.9B
$3.6B
$3.1B
$3.0B
N/A
Peers & Industry
No auto-detected peers for this industry. You can manually compare AON against any stock using the Compare tool.
"The management of a business is its most important single factor — more important than market position, patents, or financial structure."
— Benjamin Graham
No management data available.
Risk Analysis
AON (AON) fundamental analysis — Overall grade B based on profitability, financial health, valuation and cash flow. Graham's
Fair Value: N/A. Gross profit margin: 47.7%. Operating margin: 27.4%. Net margin: 21.5%. Analysis powered by 360investing — free fundamental stock analysis based on Benjamin Graham and Warren Buffett
principles.
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and may be delayed, inaccurate, or incomplete. Past performance is not indicative of future results. Analysis, scores, and valuations are algorithmic and do not represent professional investment recommendations. Always conduct your own due
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