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怡安集团（AON）与First American Financial Corp（FAF）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First American Financial Corp的2.1倍（$4.3B vs $2.0B）。怡安集团净利率更高（39.4% vs 10.3%，领先29.0%）。First American Financial Corp同比增速更快（21.6% vs 3.7%）。怡安集团自由现金流更多（$1.3B vs $324.5M）。过去两年First American Financial Corp的营收复合增速更高（19.9% 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。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
AON vs FAF — 直观对比
营收规模更大
AON
是对方的2.1倍
$2.0B
营收增速更快
FAF
高出17.9%
3.7%
净利率更高
AON
高出29.0%
10.3%
自由现金流更多
AON
多$998.5M
$324.5M
两年增速更快
FAF
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $2.0B |
| 净利润 | $1.7B | $211.9M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | 14.0% |
| 净利率 | 39.4% | 10.3% |
| 营收同比 | 3.7% | 21.6% |
| 净利润同比 | 136.5% | 192.7% |
| 每股收益（稀释后） | $7.82 | $2.04 |
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AONFAF
| Q4 25 | $4.3B | $2.0B | ||
| Q3 25 | $4.0B | $2.0B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | $3.8B | $1.6B | ||
| Q1 24 | $4.1B | $1.4B |
净利润AONFAF
| Q4 25 | $1.7B | $211.9M | ||
| Q3 25 | $458.0M | $189.6M | ||
| Q2 25 | $579.0M | $146.1M | ||
| Q1 25 | $965.0M | $74.2M | ||
| Q4 24 | $716.0M | $72.4M | ||
| Q3 24 | $343.0M | $-104.0M | ||
| Q2 24 | $524.0M | $116.0M | ||
| Q1 24 | $1.1B | $46.7M |
营业利润率AONFAF
| Q4 25 | 28.1% | 14.0% | ||
| Q3 25 | 20.4% | 12.5% | ||
| Q2 25 | 20.7% | 10.6% | ||
| Q1 25 | 30.9% | 6.1% | ||
| Q4 24 | 26.3% | 5.9% | ||
| Q3 24 | 16.7% | -10.3% | ||
| Q2 24 | 17.4% | 9.4% | ||
| Q1 24 | 36.0% | 4.1% |
净利率AONFAF
| Q4 25 | 39.4% | 10.3% | ||
| Q3 25 | 11.5% | 9.6% | ||
| Q2 25 | 13.9% | 7.9% | ||
| Q1 25 | 20.4% | 4.7% | ||
| Q4 24 | 17.3% | 4.3% | ||
| Q3 24 | 9.2% | -7.4% | ||
| Q2 24 | 13.9% | 7.2% | ||
| Q1 24 | 26.3% | 3.3% |
每股收益（稀释后）AONFAF
| Q4 25 | $7.82 | $2.04 | ||
| Q3 25 | $2.11 | $1.84 | ||
| Q2 25 | $2.66 | $1.41 | ||
| Q1 25 | $4.43 | $0.71 | ||
| Q4 24 | $3.11 | $0.70 | ||
| Q3 24 | $1.57 | $-1.00 | ||
| Q2 24 | $2.46 | $1.11 | ||
| Q1 24 | $5.35 | $0.45 |
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 | $1.4B |
| 总债务越低越好 | $15.2B | — |
| 股东权益账面价值 | $9.4B | $5.5B |
| 总资产 | $50.8B | $16.2B |
| 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AONFAF
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $6.4B | $1.5B |
总债务AONFAF
| Q4 25 | $15.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AONFAF
| Q4 25 | $9.4B | $5.5B | ||
| Q3 25 | $7.9B | $5.3B | ||
| Q2 25 | $7.8B | $5.1B | ||
| Q1 25 | $7.0B | $5.0B | ||
| Q4 24 | $6.1B | $4.9B | ||
| Q3 24 | $6.2B | $5.1B | ||
| Q2 24 | $5.9B | $4.8B | ||
| Q1 24 | $-133.0M | $4.8B |
总资产AONFAF
| Q4 25 | $50.8B | $16.2B | ||
| Q3 25 | $51.6B | $17.6B | ||
| Q2 25 | $54.0B | $16.3B | ||
| Q1 25 | $50.3B | $15.5B | ||
| Q4 24 | $49.0B | $14.9B | ||
| Q3 24 | $49.9B | $16.6B | ||
| Q2 24 | $51.5B | $15.2B | ||
| Q1 24 | $40.8B | $14.7B |
负债/权益比AONFAF
| 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 | $369.3M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $324.5M |
| 自由现金流率自由现金流/营收 | 30.8% | 15.8% |
| 资本支出强度资本支出/营收 | 1.7% | 2.2% |
| 现金转化率经营现金流/净利润 | 0.83× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $3.2B | $762.5M |
8季度趋势，按日历期对齐
经营现金流AONFAF
| Q4 25 | $1.4B | $369.3M | ||
| Q3 25 | $1.1B | $272.5M | ||
| Q2 25 | $796.0M | $361.8M | ||
| Q1 25 | $140.0M | $-52.8M | ||
| Q4 24 | $1.2B | $324.6M | ||
| Q3 24 | $1.0B | $236.9M | ||
| Q2 24 | $513.0M | $266.7M | ||
| Q1 24 | $309.0M | $69.3M |
自由现金流AONFAF
| Q4 25 | $1.3B | $324.5M | ||
| Q3 25 | $1.1B | $223.1M | ||
| Q2 25 | $732.0M | $309.4M | ||
| Q1 25 | $84.0M | $-94.5M | ||
| Q4 24 | $1.1B | $266.2M | ||
| Q3 24 | $951.0M | $185.4M | ||
| Q2 24 | $460.0M | $210.0M | ||
| Q1 24 | $261.0M | $17.6M |
自由现金流率AONFAF
| Q4 25 | 30.8% | 15.8% | ||
| Q3 25 | 27.0% | 11.3% | ||
| Q2 25 | 17.6% | 16.8% | ||
| Q1 25 | 1.8% | -6.0% | ||
| Q4 24 | 27.6% | 15.8% | ||
| Q3 24 | 25.6% | 13.2% | ||
| Q2 24 | 12.2% | 13.0% | ||
| Q1 24 | 6.4% | 1.2% |
资本支出强度AONFAF
| Q4 25 | 1.7% | 2.2% | ||
| Q3 25 | 1.7% | 2.5% | ||
| Q2 25 | 1.5% | 2.8% | ||
| Q1 25 | 1.2% | 2.6% | ||
| Q4 24 | 1.3% | 3.5% | ||
| Q3 24 | 1.7% | 3.7% | ||
| Q2 24 | 1.4% | 3.5% | ||
| Q1 24 | 1.2% | 3.6% |
现金转化率AONFAF
| Q4 25 | 0.83× | 1.74× | ||
| Q3 25 | 2.51× | 1.44× | ||
| Q2 25 | 1.37× | 2.48× | ||
| Q1 25 | 0.15× | -0.71× | ||
| Q4 24 | 1.68× | 4.48× | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 0.98× | 2.30× | ||
| Q1 24 | 0.29× | 1.48× |
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% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
