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怡安集团（AON）与Accelerant Holdings（ARX）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Accelerant Holdings的16.1倍（$4.3B vs $267.4M）。怡安集团净利率更高（39.4% vs -511.9%，领先551.3%）
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。
Accelerant Holdings是一家全球特种保险与再保险科技平台，依托先进数据分析和风险评估工具，为保险公司、总代理及承保合作伙伴提供定制化风险解决方案，优化承保流程，业务覆盖北美及欧洲的商业和特种保险领域。
AON vs ARX — 直观对比
营收规模更大
AON
是对方的16.1倍
$267.4M
净利率更高
AON
高出551.3%
-511.9%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $267.4M |
| 净利润 | $1.7B | $-1.4B |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | -507.7% |
| 净利率 | 39.4% | -511.9% |
| 营收同比 | 3.7% | — |
| 净利润同比 | 136.5% | — |
| 每股收益（稀释后） | $7.82 | $-6.99 |
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AONARX
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.0B | $267.4M | ||
| Q2 25 | $4.2B | $219.1M | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $4.1B | — |
净利润AONARX
| Q4 25 | $1.7B | — | ||
| Q3 25 | $458.0M | $-1.4B | ||
| Q2 25 | $579.0M | $8.8M | ||
| Q1 25 | $965.0M | — | ||
| Q4 24 | $716.0M | — | ||
| Q3 24 | $343.0M | — | ||
| Q2 24 | $524.0M | — | ||
| Q1 24 | $1.1B | — |
营业利润率AONARX
| Q4 25 | 28.1% | — | ||
| Q3 25 | 20.4% | -507.7% | ||
| Q2 25 | 20.7% | 10.2% | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 16.7% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 36.0% | — |
净利率AONARX
| Q4 25 | 39.4% | — | ||
| Q3 25 | 11.5% | -511.9% | ||
| Q2 25 | 13.9% | 4.0% | ||
| Q1 25 | 20.4% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 26.3% | — |
每股收益（稀释后）AONARX
| Q4 25 | $7.82 | — | ||
| Q3 25 | $2.11 | $-6.99 | ||
| Q2 25 | $2.66 | $0.04 | ||
| Q1 25 | $4.43 | — | ||
| Q4 24 | $3.11 | — | ||
| Q3 24 | $1.57 | — | ||
| Q2 24 | $2.46 | — | ||
| Q1 24 | $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 | $2.8B | $1.6B |
| 总债务越低越好 | $15.2B | $121.9M |
| 股东权益账面价值 | $9.4B | $676.1M |
| 总资产 | $50.8B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资AONARX
| Q4 25 | $2.8B | — | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $6.4B | — |
总债务AONARX
| Q4 25 | $15.2B | — | ||
| Q3 25 | — | $121.9M | ||
| Q2 25 | — | $126.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AONARX
| Q4 25 | $9.4B | — | ||
| Q3 25 | $7.9B | $676.1M | ||
| Q2 25 | $7.8B | $346.2M | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $5.9B | — | ||
| Q1 24 | $-133.0M | — |
总资产AONARX
| Q4 25 | $50.8B | — | ||
| Q3 25 | $51.6B | $7.9B | ||
| Q2 25 | $54.0B | $7.5B | ||
| Q1 25 | $50.3B | — | ||
| Q4 24 | $49.0B | — | ||
| Q3 24 | $49.9B | — | ||
| Q2 24 | $51.5B | — | ||
| Q1 24 | $40.8B | — |
负债/权益比AONARX
| Q4 25 | 1.63× | — | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | — | ||
| Q4 24 | 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 | $1.4B | $73.9M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | — |
| 自由现金流率自由现金流/营收 | 30.8% | — |
| 资本支出强度资本支出/营收 | 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 | $3.2B | — |
8季度趋势，按日历期对齐
经营现金流AONARX
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.1B | $73.9M | ||
| Q2 25 | $796.0M | $309.3M | ||
| Q1 25 | $140.0M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $513.0M | — | ||
| Q1 24 | $309.0M | — |
自由现金流AONARX
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $732.0M | — | ||
| Q1 25 | $84.0M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $951.0M | — | ||
| Q2 24 | $460.0M | — | ||
| Q1 24 | $261.0M | — |
自由现金流率AONARX
| Q4 25 | 30.8% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 27.6% | — | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 12.2% | — | ||
| Q1 24 | 6.4% | — |
资本支出强度AONARX
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.2% | — |
现金转化率AONARX
| Q4 25 | 0.83× | — | ||
| Q3 25 | 2.51× | — | ||
| Q2 25 | 1.37× | 35.15× | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 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
AON
| Commercial Risk Solutions | $2.3B | 54% |
| Health Solutions | $1.1B | 26% |
| Wealth Solutions | $490.0M | 11% |
| Reinsurance Solutions | $379.0M | 9% |
ARX
| Underwriting Segment | $117.6M | 44% |
| Exchange Services Segment | $85.0M | 32% |
| Other | $64.8M | 24% |
