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怡安集团（AON）与Everest Group（EG）财务数据对比。点击上方公司名可切换其他公司
Everest Group的季度营收约是怡安集团的1.0倍（$4.4B vs $4.3B），怡安集团净利率更高（39.4% vs 10.1%，领先29.3%），怡安集团同比增速更快（3.7% vs -4.6%），过去两年Everest Group的营收复合增速更高（3.4% 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。
Everest Group是全球领先的再保险及保险服务提供商，业务覆盖全球100余个国家和地区，面向商业机构与个人客户提供财产、意外伤害、特种保险及人寿保险等多元化产品，具备成熟的风险管理能力与深厚的行业积淀。
AON vs EG — 直观对比
营收规模更大
EG
是对方的1.0倍
$4.3B
营收增速更快
AON
高出8.3%
-4.6%
净利率更高
AON
高出29.3%
10.1%
两年增速更快
EG
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $4.4B |
| 净利润 | $1.7B | $446.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | 12.5% |
| 净利率 | 39.4% | 10.1% |
| 营收同比 | 3.7% | -4.6% |
| 净利润同比 | 136.5% | 175.2% |
| 每股收益（稀释后） | $7.82 | $10.71 |
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AONEG
| Q4 25 | $4.3B | $4.4B | ||
| Q3 25 | $4.0B | $4.3B | ||
| Q2 25 | $4.2B | $4.5B | ||
| Q1 25 | $4.7B | $4.3B | ||
| Q4 24 | $4.1B | $4.6B | ||
| Q3 24 | $3.7B | $4.3B | ||
| Q2 24 | $3.8B | $4.2B | ||
| Q1 24 | $4.1B | $4.1B |
净利润AONEG
| Q4 25 | $1.7B | $446.0M | ||
| Q3 25 | $458.0M | $255.0M | ||
| Q2 25 | $579.0M | $680.0M | ||
| Q1 25 | $965.0M | $210.0M | ||
| Q4 24 | $716.0M | $-593.0M | ||
| Q3 24 | $343.0M | $509.0M | ||
| Q2 24 | $524.0M | $724.0M | ||
| Q1 24 | $1.1B | $733.0M |
营业利润率AONEG
| Q4 25 | 28.1% | 12.5% | ||
| Q3 25 | 20.4% | 6.2% | ||
| Q2 25 | 20.7% | 18.1% | ||
| Q1 25 | 30.9% | 5.8% | ||
| Q4 24 | 26.3% | -16.1% | ||
| Q3 24 | 16.7% | 13.5% | ||
| Q2 24 | 17.4% | 19.7% | ||
| Q1 24 | 36.0% | 20.1% |
净利率AONEG
| Q4 25 | 39.4% | 10.1% | ||
| Q3 25 | 11.5% | 5.9% | ||
| Q2 25 | 13.9% | 15.1% | ||
| Q1 25 | 20.4% | 4.9% | ||
| Q4 24 | 17.3% | -12.8% | ||
| Q3 24 | 9.2% | 11.9% | ||
| Q2 24 | 13.9% | 17.1% | ||
| Q1 24 | 26.3% | 17.7% |
每股收益（稀释后）AONEG
| Q4 25 | $7.82 | $10.71 | ||
| Q3 25 | $2.11 | $6.09 | ||
| Q2 25 | $2.66 | $16.10 | ||
| Q1 25 | $4.43 | $4.90 | ||
| Q4 24 | $3.11 | $-13.59 | ||
| Q3 24 | $1.57 | $11.80 | ||
| Q2 24 | $2.46 | $16.70 | ||
| Q1 24 | $5.35 | $16.87 |
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 | — |
| 总债务越低越好 | $15.2B | — |
| 股东权益账面价值 | $9.4B | $15.5B |
| 总资产 | $50.8B | $62.5B |
| 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AONEG
| Q4 25 | $2.8B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $662.0M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $6.4B | — |
总债务AONEG
| Q4 25 | $15.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AONEG
| Q4 25 | $9.4B | $15.5B | ||
| Q3 25 | $7.9B | $15.4B | ||
| Q2 25 | $7.8B | $15.0B | ||
| Q1 25 | $7.0B | $14.1B | ||
| Q4 24 | $6.1B | $13.9B | ||
| Q3 24 | $6.2B | $15.3B | ||
| Q2 24 | $5.9B | $14.2B | ||
| Q1 24 | $-133.0M | $13.6B |
总资产AONEG
| Q4 25 | $50.8B | $62.5B | ||
| Q3 25 | $51.6B | $62.2B | ||
| Q2 25 | $54.0B | $60.5B | ||
| Q1 25 | $50.3B | $58.1B | ||
| Q4 24 | $49.0B | $56.3B | ||
| Q3 24 | $49.9B | $55.9B | ||
| Q2 24 | $51.5B | $52.6B | ||
| Q1 24 | $40.8B | $50.9B |
负债/权益比AONEG
| 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 | $-398.0M |
| 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× | -0.89× |
| 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AONEG
| Q4 25 | $1.4B | $-398.0M | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $796.0M | $1.1B | ||
| Q1 25 | $140.0M | $928.0M | ||
| Q4 24 | $1.2B | $780.0M | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $513.0M | $1.3B | ||
| Q1 24 | $309.0M | $1.1B |
自由现金流AONEG
| 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AONEG
| 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AONEG
| 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AONEG
| Q4 25 | 0.83× | -0.89× | ||
| Q3 25 | 2.51× | 5.72× | ||
| Q2 25 | 1.37× | 1.59× | ||
| Q1 25 | 0.15× | 4.42× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.95× | 3.41× | ||
| Q2 24 | 0.98× | 1.85× | ||
| Q1 24 | 0.29× | 1.50× |
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% |
EG
| Insurance | $3.7B | 84% |
| Other | $705.0M | 16% |
