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Abacus Global Management, Inc.（ABX）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Abacus Global Management, Inc.的59.8倍（$4.3B vs $71.9M）。怡安集团净利率更高（39.4% vs 10.1%，领先29.3%）。Abacus Global Management, Inc.同比增速更快（116.5% vs 3.7%）。怡安集团自由现金流更多（$1.3B vs $-7.6M）。过去两年Abacus Global Management, Inc.的营收复合增速更高（82.9% vs 2.8%）
Abacus集团是澳大利亚ASX 200指数成分公众上市公司，专注投资澳大利亚房地产投资信托，投资组合集中在写字楼与自助仓储领域，同时管理房地产开发的legacy投资项目。该公司原名为Abacus地产集团，2023年8月拆分出了自助仓储业务Abacus Storage King。
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。
ABX vs AON — 直观对比
营收规模更大
AON
是对方的59.8倍
$71.9M
营收增速更快
ABX
高出112.8%
3.7%
净利率更高
AON
高出29.3%
10.1%
自由现金流更多
AON
多$1.3B
$-7.6M
两年增速更快
ABX
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $71.9M | $4.3B |
| 净利润 | $7.2M | $1.7B |
| 毛利率 | 88.8% | — |
| 营业利润率 | 31.7% | 28.1% |
| 净利率 | 10.1% | 39.4% |
| 营收同比 | 116.5% | 3.7% |
| 净利润同比 | 139.6% | 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ABXAON
| Q4 25 | $71.9M | $4.3B | ||
| Q3 25 | $63.0M | $4.0B | ||
| Q2 25 | $56.2M | $4.2B | ||
| Q1 25 | $44.1M | $4.7B | ||
| Q4 24 | $33.2M | $4.1B | ||
| Q3 24 | $28.1M | $3.7B | ||
| Q2 24 | $29.1M | $3.8B | ||
| Q1 24 | $21.5M | $4.1B |
净利润ABXAON
| Q4 25 | $7.2M | $1.7B | ||
| Q3 25 | $7.1M | $458.0M | ||
| Q2 25 | $17.6M | $579.0M | ||
| Q1 25 | $4.6M | $965.0M | ||
| Q4 24 | $-18.3M | $716.0M | ||
| Q3 24 | $-5.1M | $343.0M | ||
| Q2 24 | $770.0K | $524.0M | ||
| Q1 24 | $-1.3M | $1.1B |
毛利率ABXAON
| Q4 25 | 88.8% | — | ||
| Q3 25 | 87.8% | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | 83.9% | — | ||
| Q4 24 | 88.8% | — | ||
| Q3 24 | 92.2% | — | ||
| Q2 24 | 90.6% | — | ||
| Q1 24 | 87.3% | — |
营业利润率ABXAON
| Q4 25 | 31.7% | 28.1% | ||
| Q3 25 | 35.6% | 20.4% | ||
| Q2 25 | 40.1% | 20.7% | ||
| Q1 25 | 47.6% | 30.9% | ||
| Q4 24 | -50.5% | 26.3% | ||
| Q3 24 | 24.3% | 16.7% | ||
| Q2 24 | 23.3% | 17.4% | ||
| Q1 24 | 10.5% | 36.0% |
净利率ABXAON
| Q4 25 | 10.1% | 39.4% | ||
| Q3 25 | 11.2% | 11.5% | ||
| Q2 25 | 31.3% | 13.9% | ||
| Q1 25 | 10.5% | 20.4% | ||
| Q4 24 | -55.0% | 17.3% | ||
| Q3 24 | -18.2% | 9.2% | ||
| Q2 24 | 2.6% | 13.9% | ||
| Q1 24 | -6.3% | 26.3% |
每股收益（稀释后）ABXAON
| Q4 25 | $0.06 | $7.82 | ||
| Q3 25 | $0.07 | $2.11 | ||
| Q2 25 | $0.18 | $2.66 | ||
| Q1 25 | $0.05 | $4.43 | ||
| Q4 24 | $-0.26 | $3.11 | ||
| Q3 24 | $-0.07 | $1.57 | ||
| Q2 24 | $0.01 | $2.46 | ||
| Q1 24 | $-0.02 | $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 | $38.1M | $2.8B |
| 总债务越低越好 | $405.8M | $15.2B |
| 股东权益账面价值 | $418.5M | $9.4B |
| 总资产 | $902.2M | $50.8B |
| 负债/权益比越低杠杆越低 | 0.97× | 1.63× |
8季度趋势，按日历期对齐
现金及短期投资ABXAON
| Q4 25 | $38.1M | $2.8B | ||
| Q3 25 | $86.4M | $1.3B | ||
| Q2 25 | $74.8M | $1.4B | ||
| Q1 25 | $43.8M | $1.3B | ||
| Q4 24 | $131.9M | $1.3B | ||
| Q3 24 | $19.4M | $1.3B | ||
| Q2 24 | $91.3M | $1.2B | ||
| Q1 24 | $65.4M | $6.4B |
总债务ABXAON
| Q4 25 | $405.8M | $15.2B | ||
| Q3 25 | $409.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $380.8M | $17.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABXAON
| Q4 25 | $418.5M | $9.4B | ||
| Q3 25 | $434.6M | $7.9B | ||
| Q2 25 | $416.5M | $7.8B | ||
| Q1 25 | $430.6M | $7.0B | ||
| Q4 24 | $423.3M | $6.1B | ||
| Q3 24 | $257.9M | $6.2B | ||
| Q2 24 | $256.8M | $5.9B | ||
| Q1 24 | $165.3M | $-133.0M |
总资产ABXAON
| Q4 25 | $902.2M | $50.8B | ||
| Q3 25 | $918.9M | $51.6B | ||
| Q2 25 | $848.4M | $54.0B | ||
| Q1 25 | $856.5M | $50.3B | ||
| Q4 24 | $874.2M | $49.0B | ||
| Q3 24 | $477.3M | $49.9B | ||
| Q2 24 | $483.9M | $51.5B | ||
| Q1 24 | $376.7M | $40.8B |
负债/权益比ABXAON
| Q4 25 | 0.97× | 1.63× | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.90× | 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 | $-7.4M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-7.6M | $1.3B |
| 自由现金流率自由现金流/营收 | -10.5% | 30.8% |
| 资本支出强度资本支出/营收 | 0.2% | 1.7% |
| 现金转化率经营现金流/净利润 | -1.03× | 0.83× |
| 过去12个月自由现金流最近4个季度 | $-26.6M | $3.2B |
8季度趋势，按日历期对齐
经营现金流ABXAON
| Q4 25 | $-7.4M | $1.4B | ||
| Q3 25 | $-32.8M | $1.1B | ||
| Q2 25 | $76.1M | $796.0M | ||
| Q1 25 | $-61.6M | $140.0M | ||
| Q4 24 | $-92.0M | $1.2B | ||
| Q3 24 | $-52.3M | $1.0B | ||
| Q2 24 | $-67.1M | $513.0M | ||
| Q1 24 | $2.5M | $309.0M |
自由现金流ABXAON
| Q4 25 | $-7.6M | $1.3B | ||
| Q3 25 | $-32.9M | $1.1B | ||
| Q2 25 | $75.7M | $732.0M | ||
| Q1 25 | $-61.8M | $84.0M | ||
| Q4 24 | $-92.2M | $1.1B | ||
| Q3 24 | $-52.5M | $951.0M | ||
| Q2 24 | $-67.2M | $460.0M | ||
| Q1 24 | $2.4M | $261.0M |
自由现金流率ABXAON
| Q4 25 | -10.5% | 30.8% | ||
| Q3 25 | -52.3% | 27.0% | ||
| Q2 25 | 134.6% | 17.6% | ||
| Q1 25 | -140.0% | 1.8% | ||
| Q4 24 | -277.5% | 27.6% | ||
| Q3 24 | -186.6% | 25.6% | ||
| Q2 24 | -231.3% | 12.2% | ||
| Q1 24 | 10.9% | 6.4% |
资本支出强度ABXAON
| Q4 25 | 0.2% | 1.7% | ||
| Q3 25 | 0.3% | 1.7% | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | 0.5% | 1.2% | ||
| Q4 24 | 0.6% | 1.3% | ||
| Q3 24 | 0.9% | 1.7% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 0.8% | 1.2% |
现金转化率ABXAON
| Q4 25 | -1.03× | 0.83× | ||
| Q3 25 | -4.63× | 2.51× | ||
| Q2 25 | 4.33× | 1.37× | ||
| Q1 25 | -13.28× | 0.15× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.95× | ||
| Q2 24 | -87.09× | 0.98× | ||
| Q1 24 | — | 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
ABX
| Life Solutions Segment | $63.0M | 88% |
| Asset Management Segment | $8.7M | 12% |
AON
| Commercial Risk Solutions | $2.3B | 54% |
| Health Solutions | $1.1B | 26% |
| Wealth Solutions | $490.0M | 11% |
| Reinsurance Solutions | $379.0M | 9% |
