vs
American Assets Trust, Inc.（AAT）与怡安集团（AON）财务数据对比。点击上方公司名可切换其他公司
怡安集团的季度营收约是American Assets Trust, Inc.的445.7倍（$4.3B vs $9.6M）。怡安集团同比增速更快（3.7% vs -5.5%）。怡安集团自由现金流更多（$1.3B vs $23.0M）。过去两年怡安集团的营收复合增速更高（2.8% vs -5.2%）
该公司是一家大型英国投资信托，在伦敦证券交易所上市，同时是富时250指数的成分股，现任董事长为获颁CBE勋章的伊恩·弗格森。
怡安集团（Aon plc）是一家英美背景的专业服务企业，下设两大业务板块：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块提供健康保险、退休及养老金计划、人才咨询等相关服务。
AAT vs AON — 直观对比
营收规模更大
AON
是对方的445.7倍
$9.6M
营收增速更快
AON
高出9.2%
-5.5%
自由现金流更多
AON
多$1.3B
$23.0M
两年增速更快
AON
近两年复合增速
-5.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.6M | $4.3B |
| 净利润 | — | $1.7B |
| 毛利率 | — | — |
| 营业利润率 | — | 28.1% |
| 净利率 | — | 39.4% |
| 营收同比 | -5.5% | 3.7% |
| 净利润同比 | — | 136.5% |
| 每股收益（稀释后） | $0.06 | $7.82 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AATAON
| Q4 25 | $9.6M | $4.3B | ||
| Q3 25 | $10.1M | $4.0B | ||
| Q2 25 | $10.2M | $4.2B | ||
| Q1 25 | $9.9M | $4.7B | ||
| Q4 24 | $10.2M | $4.1B | ||
| Q3 24 | $11.4M | $3.7B | ||
| Q2 24 | $10.6M | $3.8B | ||
| Q1 24 | $10.7M | $4.1B |
净利润AATAON
| Q4 25 | — | $1.7B | ||
| Q3 25 | $4.5M | $458.0M | ||
| Q2 25 | $5.5M | $579.0M | ||
| Q1 25 | $42.5M | $965.0M | ||
| Q4 24 | — | $716.0M | ||
| Q3 24 | $16.7M | $343.0M | ||
| Q2 24 | $11.9M | $524.0M | ||
| Q1 24 | $19.3M | $1.1B |
营业利润率AATAON
| Q4 25 | — | 28.1% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 36.0% |
净利率AATAON
| Q4 25 | — | 39.4% | ||
| Q3 25 | 44.6% | 11.5% | ||
| Q2 25 | 53.2% | 13.9% | ||
| Q1 25 | 429.3% | 20.4% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | 145.5% | 9.2% | ||
| Q2 24 | 111.9% | 13.9% | ||
| Q1 24 | 179.4% | 26.3% |
每股收益（稀释后）AATAON
| Q4 25 | $0.06 | $7.82 | ||
| Q3 25 | $0.07 | $2.11 | ||
| Q2 25 | $0.09 | $2.66 | ||
| Q1 25 | $0.70 | $4.43 | ||
| Q4 24 | $0.14 | $3.11 | ||
| Q3 24 | $0.28 | $1.57 | ||
| Q2 24 | $0.20 | $2.46 | ||
| Q1 24 | $0.32 | $5.35 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $129.4M | $2.8B |
| 总债务越低越好 | $1.7B | $15.2B |
| 股东权益账面价值 | $1.2B | $9.4B |
| 总资产 | $2.9B | $50.8B |
| 负债/权益比越低杠杆越低 | 1.48× | 1.63× |
8季度趋势，按日历期对齐
现金及短期投资AATAON
| Q4 25 | $129.4M | $2.8B | ||
| Q3 25 | $138.7M | $1.3B | ||
| Q2 25 | $143.7M | $1.4B | ||
| Q1 25 | $143.9M | $1.3B | ||
| Q4 24 | $425.7M | $1.3B | ||
| Q3 24 | $533.0M | $1.3B | ||
| Q2 24 | $114.9M | $1.2B | ||
| Q1 24 | $98.6M | $6.4B |
总债务AATAON
| Q4 25 | $1.7B | $15.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | $17.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AATAON
| Q4 25 | $1.2B | $9.4B | ||
| Q3 25 | $1.2B | $7.9B | ||
| Q2 25 | $1.2B | $7.8B | ||
| Q1 25 | $1.2B | $7.0B | ||
| Q4 24 | $1.2B | $6.1B | ||
| Q3 24 | $1.2B | $6.2B | ||
| Q2 24 | $1.2B | $5.9B | ||
| Q1 24 | $1.2B | $-133.0M |
总资产AATAON
| Q4 25 | $2.9B | $50.8B | ||
| Q3 25 | $2.9B | $51.6B | ||
| Q2 25 | $3.0B | $54.0B | ||
| Q1 25 | $3.0B | $50.3B | ||
| Q4 24 | $3.3B | $49.0B | ||
| Q3 24 | $3.4B | $49.9B | ||
| Q2 24 | $3.0B | $51.5B | ||
| Q1 24 | $3.0B | $40.8B |
负债/权益比AATAON
| Q4 25 | 1.48× | 1.63× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | 2.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $40.6M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $23.0M | $1.3B |
| 自由现金流率自由现金流/营收 | 238.4% | 30.8% |
| 资本支出强度资本支出/营收 | 182.1% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 0.83× |
| 过去12个月自由现金流最近4个季度 | $94.9M | $3.2B |
8季度趋势，按日历期对齐
经营现金流AATAON
| Q4 25 | $40.6M | $1.4B | ||
| Q3 25 | $40.5M | $1.1B | ||
| Q2 25 | $49.2M | $796.0M | ||
| Q1 25 | $36.9M | $140.0M | ||
| Q4 24 | $40.6M | $1.2B | ||
| Q3 24 | $52.4M | $1.0B | ||
| Q2 24 | $59.3M | $513.0M | ||
| Q1 24 | $54.8M | $309.0M |
自由现金流AATAON
| Q4 25 | $23.0M | $1.3B | ||
| Q3 25 | $23.1M | $1.1B | ||
| Q2 25 | $28.4M | $732.0M | ||
| Q1 25 | $20.4M | $84.0M | ||
| Q4 24 | $21.5M | $1.1B | ||
| Q3 24 | $28.0M | $951.0M | ||
| Q2 24 | $43.6M | $460.0M | ||
| Q1 24 | $43.8M | $261.0M |
自由现金流率AATAON
| Q4 25 | 238.4% | 30.8% | ||
| Q3 25 | 228.3% | 27.0% | ||
| Q2 25 | 276.7% | 17.6% | ||
| Q1 25 | 206.1% | 1.8% | ||
| Q4 24 | 210.4% | 27.6% | ||
| Q3 24 | 244.4% | 25.6% | ||
| Q2 24 | 409.9% | 12.2% | ||
| Q1 24 | 408.5% | 6.4% |
资本支出强度AATAON
| Q4 25 | 182.1% | 1.7% | ||
| Q3 25 | 172.4% | 1.7% | ||
| Q2 25 | 203.1% | 1.5% | ||
| Q1 25 | 166.0% | 1.2% | ||
| Q4 24 | 187.6% | 1.3% | ||
| Q3 24 | 213.5% | 1.7% | ||
| Q2 24 | 147.4% | 1.4% | ||
| Q1 24 | 101.9% | 1.2% |
现金转化率AATAON
| Q4 25 | — | 0.83× | ||
| Q3 25 | 8.98× | 2.51× | ||
| Q2 25 | 9.01× | 1.37× | ||
| Q1 25 | 0.87× | 0.15× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 3.15× | 2.95× | ||
| Q2 24 | 4.98× | 0.98× | ||
| Q1 24 | 2.84× | 0.29× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AAT
暂无分部数据
AON
| Commercial Risk Solutions | $2.3B | 54% |
| Health Solutions | $1.1B | 26% |
| Wealth Solutions | $490.0M | 11% |
| Reinsurance Solutions | $379.0M | 9% |
