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Amentum Holdings, Inc.（AMTM）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Amentum Holdings, Inc.的1.3倍（$4.3B vs $3.2B），怡安集团净利率更高（39.4% vs 1.4%，领先38.0%），怡安集团同比增速更快（3.7% vs -5.2%），怡安集团自由现金流更多（$1.3B vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 2.8%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
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。
AMTM vs AON — 直观对比
营收规模更大
AON
是对方的1.3倍
$3.2B
营收增速更快
AON
高出8.9%
-5.2%
净利率更高
AON
高出38.0%
1.4%
自由现金流更多
AON
多$1.5B
$-142.0M
两年增速更快
AMTM
近两年复合增速
2.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.3B |
| 净利润 | $44.0M | $1.7B |
| 毛利率 | 10.1% | — |
| 营业利润率 | 4.3% | 28.1% |
| 净利率 | 1.4% | 39.4% |
| 营收同比 | -5.2% | 3.7% |
| 净利润同比 | 266.7% | 136.5% |
| 每股收益（稀释后） | $0.18 | $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AMTMAON
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $4.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $3.6B | $4.2B | ||
| Q1 25 | $3.5B | $4.7B | ||
| Q4 24 | $3.4B | $4.1B | ||
| Q3 24 | $2.2B | $3.7B | ||
| Q2 24 | $2.1B | $3.8B |
净利润AMTMAON
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $1.7B | ||
| Q3 25 | — | $458.0M | ||
| Q2 25 | $10.0M | $579.0M | ||
| Q1 25 | $4.0M | $965.0M | ||
| Q4 24 | $12.0M | $716.0M | ||
| Q3 24 | $26.0M | $343.0M | ||
| Q2 24 | $-26.0M | $524.0M |
毛利率AMTMAON
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 9.6% | — |
营业利润率AMTMAON
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 28.1% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | 2.9% | 20.7% | ||
| Q1 25 | 3.2% | 30.9% | ||
| Q4 24 | 3.9% | 26.3% | ||
| Q3 24 | 1.2% | 16.7% | ||
| Q2 24 | 4.2% | 17.4% |
净利率AMTMAON
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 39.4% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | 0.3% | 13.9% | ||
| Q1 25 | 0.1% | 20.4% | ||
| Q4 24 | 0.4% | 17.3% | ||
| Q3 24 | 1.2% | 9.2% | ||
| Q2 24 | -1.2% | 13.9% |
每股收益（稀释后）AMTMAON
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $7.82 | ||
| Q3 25 | — | $2.11 | ||
| Q2 25 | $0.04 | $2.66 | ||
| Q1 25 | $0.02 | $4.43 | ||
| Q4 24 | $0.05 | $3.11 | ||
| Q3 24 | $0.31 | $1.57 | ||
| Q2 24 | $-0.29 | $2.46 |
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 | $247.0M | $2.8B |
| 总债务越低越好 | $3.9B | $15.2B |
| 股东权益账面价值 | $4.6B | $9.4B |
| 总资产 | $11.2B | $50.8B |
| 负债/权益比越低杠杆越低 | 0.86× | 1.63× |
8季度趋势，按日历期对齐
现金及短期投资AMTMAON
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $2.8B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $738.0M | $1.4B | ||
| Q1 25 | $546.0M | $1.3B | ||
| Q4 24 | $522.0M | $1.3B | ||
| Q3 24 | $452.0M | $1.3B | ||
| Q2 24 | — | $1.2B |
总债务AMTMAON
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $15.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | $17.0B | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | — | — |
股东权益AMTMAON
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $9.4B | ||
| Q3 25 | — | $7.9B | ||
| Q2 25 | $4.5B | $7.8B | ||
| Q1 25 | $4.4B | $7.0B | ||
| Q4 24 | $4.5B | $6.1B | ||
| Q3 24 | $4.5B | $6.2B | ||
| Q2 24 | $303.0M | $5.9B |
总资产AMTMAON
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $50.8B | ||
| Q3 25 | — | $51.6B | ||
| Q2 25 | $11.8B | $54.0B | ||
| Q1 25 | $12.0B | $50.3B | ||
| Q4 24 | $11.9B | $49.0B | ||
| Q3 24 | $12.0B | $49.9B | ||
| Q2 24 | — | $51.5B |
负债/权益比AMTMAON
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 1.63× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.05× | 2.78× | ||
| Q3 24 | 1.05× | — | ||
| Q2 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 | $-136.0M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $1.3B |
| 自由现金流率自由现金流/营收 | -4.4% | 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 | -3.09× | 0.83× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $3.2B |
8季度趋势，按日历期对齐
经营现金流AMTMAON
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $1.4B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $106.0M | $796.0M | ||
| Q1 25 | $57.0M | $140.0M | ||
| Q4 24 | $110.0M | $1.2B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $513.0M |
自由现金流AMTMAON
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $100.0M | $732.0M | ||
| Q1 25 | $53.0M | $84.0M | ||
| Q4 24 | $102.0M | $1.1B | ||
| Q3 24 | — | $951.0M | ||
| Q2 24 | — | $460.0M |
自由现金流率AMTMAON
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 30.8% | ||
| Q3 25 | — | 27.0% | ||
| Q2 25 | 2.8% | 17.6% | ||
| Q1 25 | 1.5% | 1.8% | ||
| Q4 24 | 3.0% | 27.6% | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | — | 12.2% |
资本支出强度AMTMAON
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 1.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.2% | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.4% |
现金转化率AMTMAON
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 0.83× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 10.60× | 1.37× | ||
| Q1 25 | 14.25× | 0.15× | ||
| Q4 24 | 9.17× | 1.68× | ||
| Q3 24 | — | 2.95× | ||
| Q2 24 | — | 0.98× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
AON
| Commercial Risk Solutions | $2.3B | 54% |
| Health Solutions | $1.1B | 26% |
| Wealth Solutions | $490.0M | 11% |
| Reinsurance Solutions | $379.0M | 9% |
