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怡安集团（AON）与CORVEL CORP（CRVL）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CORVEL CORP的18.2倍（$4.3B vs $235.6M）。怡安集团净利率更高（39.4% vs 10.3%，领先29.1%）。怡安集团同比增速更快（3.7% vs 3.4%）。怡安集团自由现金流更多（$1.3B vs $35.2M）。过去两年CORVEL CORP的营收复合增速更高（6.6% vs 2.8%）
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。
Corvel Corp是一家总部位于美国的综合解决方案供应商，核心业务涵盖工伤赔偿、医疗管理与风险缓释，服务客户包括保险公司、自保雇主及公共部门机构，可帮助客户控制医疗成本、提升护理效果、优化行政运营流程。
AON vs CRVL — 直观对比
营收规模更大
AON
是对方的18.2倍
$235.6M
营收增速更快
AON
高出0.3%
3.4%
净利率更高
AON
高出29.1%
10.3%
自由现金流更多
AON
多$1.3B
$35.2M
两年增速更快
CRVL
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $235.6M |
| 净利润 | $1.7B | $24.2M |
| 毛利率 | — | 23.3% |
| 营业利润率 | 28.1% | 13.7% |
| 净利率 | 39.4% | 10.3% |
| 营收同比 | 3.7% | 3.4% |
| 净利润同比 | 136.5% | 1.7% |
| 每股收益（稀释后） | $7.82 | $0.47 |
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AONCRVL
| Q4 25 | $4.3B | $235.6M | ||
| Q3 25 | $4.0B | $239.6M | ||
| Q2 25 | $4.2B | $234.7M | ||
| Q1 25 | $4.7B | $231.5M | ||
| Q4 24 | $4.1B | $228.0M | ||
| Q3 24 | $3.7B | $224.4M | ||
| Q2 24 | $3.8B | $211.7M | ||
| Q1 24 | $4.1B | $207.2M |
净利润AONCRVL
| Q4 25 | $1.7B | $24.2M | ||
| Q3 25 | $458.0M | $27.9M | ||
| Q2 25 | $579.0M | $27.2M | ||
| Q1 25 | $965.0M | $26.4M | ||
| Q4 24 | $716.0M | $23.8M | ||
| Q3 24 | $343.0M | $23.4M | ||
| Q2 24 | $524.0M | $21.6M | ||
| Q1 24 | $1.1B | $19.5M |
毛利率AONCRVL
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 24.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 20.9% |
营业利润率AONCRVL
| Q4 25 | 28.1% | 13.7% | ||
| Q3 25 | 20.4% | 15.0% | ||
| Q2 25 | 20.7% | 15.0% | ||
| Q1 25 | 30.9% | 14.4% | ||
| Q4 24 | 26.3% | 13.5% | ||
| Q3 24 | 16.7% | 12.8% | ||
| Q2 24 | 17.4% | 13.2% | ||
| Q1 24 | 36.0% | 10.9% |
净利率AONCRVL
| Q4 25 | 39.4% | 10.3% | ||
| Q3 25 | 11.5% | 11.6% | ||
| Q2 25 | 13.9% | 11.6% | ||
| Q1 25 | 20.4% | 11.4% | ||
| Q4 24 | 17.3% | 10.4% | ||
| Q3 24 | 9.2% | 10.4% | ||
| Q2 24 | 13.9% | 10.2% | ||
| Q1 24 | 26.3% | 9.4% |
每股收益（稀释后）AONCRVL
| Q4 25 | $7.82 | $0.47 | ||
| Q3 25 | $2.11 | $0.54 | ||
| Q2 25 | $2.66 | $0.52 | ||
| Q1 25 | $4.43 | $-1.23 | ||
| Q4 24 | $3.11 | $0.46 | ||
| Q3 24 | $1.57 | $1.35 | ||
| Q2 24 | $2.46 | $1.25 | ||
| Q1 24 | $5.35 | $1.12 |
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 | $230.0M |
| 总债务越低越好 | $15.2B | — |
| 股东权益账面价值 | $9.4B | $375.7M |
| 总资产 | $50.8B | $644.8M |
| 负债/权益比越低杠杆越低 | 1.63× | — |
8季度趋势，按日历期对齐
现金及短期投资AONCRVL
| Q4 25 | $2.8B | $230.0M | ||
| Q3 25 | $1.3B | $207.5M | ||
| Q2 25 | $1.4B | $202.0M | ||
| Q1 25 | $1.3B | $170.6M | ||
| Q4 24 | $1.3B | $162.9M | ||
| Q3 24 | $1.3B | $138.3M | ||
| Q2 24 | $1.2B | $131.9M | ||
| Q1 24 | $6.4B | $105.6M |
总债务AONCRVL
| Q4 25 | $15.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AONCRVL
| Q4 25 | $9.4B | $375.7M | ||
| Q3 25 | $7.9B | $362.8M | ||
| Q2 25 | $7.8B | $342.5M | ||
| Q1 25 | $7.0B | $322.0M | ||
| Q4 24 | $6.1B | $300.9M | ||
| Q3 24 | $6.2B | $282.8M | ||
| Q2 24 | $5.9B | $263.9M | ||
| Q1 24 | $-133.0M | $247.6M |
总资产AONCRVL
| Q4 25 | $50.8B | $644.8M | ||
| Q3 25 | $51.6B | $611.7M | ||
| Q2 25 | $54.0B | $597.4M | ||
| Q1 25 | $50.3B | $546.0M | ||
| Q4 24 | $49.0B | $538.8M | ||
| Q3 24 | $49.9B | $518.6M | ||
| Q2 24 | $51.5B | $486.2M | ||
| Q1 24 | $40.8B | $454.7M |
负债/权益比AONCRVL
| Q4 25 | 1.63× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | $46.1M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $35.2M |
| 自由现金流率自由现金流/营收 | 30.8% | 14.9% |
| 资本支出强度资本支出/营收 | 1.7% | 4.7% |
| 现金转化率经营现金流/净利润 | 0.83× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $3.2B | $104.3M |
8季度趋势，按日历期对齐
经营现金流AONCRVL
| Q4 25 | $1.4B | $46.1M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $796.0M | $55.0M | ||
| Q1 25 | $140.0M | $22.9M | ||
| Q4 24 | $1.2B | $41.6M | ||
| Q3 24 | $1.0B | $22.3M | ||
| Q2 24 | $513.0M | $40.4M | ||
| Q1 24 | $309.0M | $15.2M |
自由现金流AONCRVL
| Q4 25 | $1.3B | $35.2M | ||
| Q3 25 | $1.1B | $15.3M | ||
| Q2 25 | $732.0M | $39.5M | ||
| Q1 25 | $84.0M | $14.3M | ||
| Q4 24 | $1.1B | $32.1M | ||
| Q3 24 | $951.0M | $12.4M | ||
| Q2 24 | $460.0M | $32.8M | ||
| Q1 24 | $261.0M | $5.2M |
自由现金流率AONCRVL
| Q4 25 | 30.8% | 14.9% | ||
| Q3 25 | 27.0% | 6.4% | ||
| Q2 25 | 17.6% | 16.8% | ||
| Q1 25 | 1.8% | 6.2% | ||
| Q4 24 | 27.6% | 14.1% | ||
| Q3 24 | 25.6% | 5.5% | ||
| Q2 24 | 12.2% | 15.5% | ||
| Q1 24 | 6.4% | 2.5% |
资本支出强度AONCRVL
| Q4 25 | 1.7% | 4.7% | ||
| Q3 25 | 1.7% | 4.1% | ||
| Q2 25 | 1.5% | 6.6% | ||
| Q1 25 | 1.2% | 3.7% | ||
| Q4 24 | 1.3% | 4.2% | ||
| Q3 24 | 1.7% | 4.4% | ||
| Q2 24 | 1.4% | 3.6% | ||
| Q1 24 | 1.2% | 4.8% |
现金转化率AONCRVL
| Q4 25 | 0.83× | 1.91× | ||
| Q3 25 | 2.51× | 0.90× | ||
| Q2 25 | 1.37× | 2.02× | ||
| Q1 25 | 0.15× | 0.87× | ||
| Q4 24 | 1.68× | 1.75× | ||
| Q3 24 | 2.95× | 0.95× | ||
| Q2 24 | 0.98× | 1.87× | ||
| Q1 24 | 0.29× | 0.78× |
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% |
CRVL
| Patient Management Services | $146.1M | 62% |
| Network Solutions Services | $89.6M | 38% |
