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Equitable Holdings vs Willis Towers Watson: EQH and WTW compared
Equitable Holdings is the larger company: $3.9B of revenue in its latest quarter (Q3 2026) against $2.5B for Willis Towers Watson (Q3 2026). Equitable Holdings is growing faster (+168% against +8% a year earlier). Equitable Holdings is more profitable, with an operating margin of 35.8% against 17.4%.
Where the money goes: EQH and WTW
Equitable Holdings (EQH) · Q3 2026
Equitable Holdings, Q3 2026: revenue $3.9B (+168% year over year), operating margin 35.8%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Willis Towers Watson (WTW) · Q3 2026
Willis Towers Watson, Q3 2026: revenue $2.5B (+8% year over year), operating margin 17.4%, net earnings $303M, operating cash flow $739M. The chart follows the revenue to costs, profit and cash.
| Equitable Holdings (EQH) | Willis Towers Watson (WTW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.9B | $2.5B |
| Revenue growth, Y/Y | +168% | +8% |
| Operating margin | 35.8% | 17.4% |
| Net earnings | $1.1B | $303M |
| Net margin | 28.9% | 12.3% |
| Operating cash flow | $1.6B | $739M |
| Free cash flow | — | $675M |
| Market value | $14.4B | $31.0B |
| P/E | 7.7× | 20.3× |
| Analysts’ mean target | $64.55 | $372.68 |
Where the revenue comes from
Willis Towers Watson
- Health Wealth and Career: $1.4B (56%)
- Risk and Broking: $1.1B (44%)
Questions
Which is bigger, Equitable Holdings or Willis Towers Watson?
Equitable Holdings is the larger company: $3.9B of revenue in its latest quarter (Q3 2026) against $2.5B for Willis Towers Watson (Q3 2026).
Is Equitable Holdings or Willis Towers Watson growing faster?
Equitable Holdings is growing faster (+168% against +8% a year earlier).
Which is more profitable, Equitable Holdings or Willis Towers Watson?
Equitable Holdings is more profitable, with an operating margin of 35.8% against 17.4%.
More: Equitable Holdings earnings · how Equitable Holdings makes money · Willis Towers Watson earnings · how Willis Towers Watson makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.