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怡安集团（AON）与康宁（GLW）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康宁的1.0倍（$4.3B vs $4.2B），怡安集团净利率更高（39.4% vs 12.8%，领先26.6%），康宁同比增速更快（20.4% vs 3.7%），怡安集团自由现金流更多（$1.3B vs $620.0M），过去两年康宁的营收复合增速更高（19.0% 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。
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
AON vs GLW — 直观对比
营收规模更大
AON
是对方的1.0倍
$4.2B
营收增速更快
GLW
高出16.7%
3.7%
净利率更高
AON
高出26.6%
12.8%
自由现金流更多
AON
多$703.0M
$620.0M
两年增速更快
GLW
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $4.2B |
| 净利润 | $1.7B | $540.0M |
| 毛利率 | — | 35.5% |
| 营业利润率 | 28.1% | 15.9% |
| 净利率 | 39.4% | 12.8% |
| 营收同比 | 3.7% | 20.4% |
| 净利润同比 | 136.5% | 74.2% |
| 每股收益（稀释后） | $7.82 | $0.61 |
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AONGLW
| Q4 25 | $4.3B | $4.2B | ||
| Q3 25 | $4.0B | $4.1B | ||
| Q2 25 | $4.2B | $3.9B | ||
| Q1 25 | $4.7B | $3.5B | ||
| Q4 24 | $4.1B | $3.5B | ||
| Q3 24 | $3.7B | $3.4B | ||
| Q2 24 | $3.8B | $3.3B | ||
| Q1 24 | $4.1B | $3.0B |
净利润AONGLW
| Q4 25 | $1.7B | $540.0M | ||
| Q3 25 | $458.0M | $430.0M | ||
| Q2 25 | $579.0M | $469.0M | ||
| Q1 25 | $965.0M | $157.0M | ||
| Q4 24 | $716.0M | $310.0M | ||
| Q3 24 | $343.0M | $-117.0M | ||
| Q2 24 | $524.0M | $104.0M | ||
| Q1 24 | $1.1B | $209.0M |
毛利率AONGLW
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 37.1% | ||
| Q2 25 | — | 36.0% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 34.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | 33.4% |
营业利润率AONGLW
| Q4 25 | 28.1% | 15.9% | ||
| Q3 25 | 20.4% | 14.4% | ||
| Q2 25 | 20.7% | 14.8% | ||
| Q1 25 | 30.9% | 12.9% | ||
| Q4 24 | 26.3% | 11.2% | ||
| Q3 24 | 16.7% | 8.9% | ||
| Q2 24 | 17.4% | 5.7% | ||
| Q1 24 | 36.0% | 8.5% |
净利率AONGLW
| Q4 25 | 39.4% | 12.8% | ||
| Q3 25 | 11.5% | 10.5% | ||
| Q2 25 | 13.9% | 12.1% | ||
| Q1 25 | 20.4% | 4.5% | ||
| Q4 24 | 17.3% | 8.9% | ||
| Q3 24 | 9.2% | -3.5% | ||
| Q2 24 | 13.9% | 3.2% | ||
| Q1 24 | 26.3% | 7.0% |
每股收益（稀释后）AONGLW
| Q4 25 | $7.82 | $0.61 | ||
| Q3 25 | $2.11 | $0.50 | ||
| Q2 25 | $2.66 | $0.54 | ||
| Q1 25 | $4.43 | $0.18 | ||
| Q4 24 | $3.11 | $0.36 | ||
| Q3 24 | $1.57 | $-0.14 | ||
| Q2 24 | $2.46 | $0.12 | ||
| Q1 24 | $5.35 | $0.24 |
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 | $1.5B |
| 总债务越低越好 | $15.2B | $7.6B |
| 股东权益账面价值 | $9.4B | $11.8B |
| 总资产 | $50.8B | $31.0B |
| 负债/权益比越低杠杆越低 | 1.63× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资AONGLW
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $6.4B | — |
总债务AONGLW
| Q4 25 | $15.2B | $7.6B | ||
| Q3 25 | — | $7.4B | ||
| Q2 25 | — | $6.7B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | $17.0B | $6.9B | ||
| Q3 24 | — | $7.1B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.0B |
股东权益AONGLW
| Q4 25 | $9.4B | $11.8B | ||
| Q3 25 | $7.9B | $11.5B | ||
| Q2 25 | $7.8B | $11.1B | ||
| Q1 25 | $7.0B | $10.7B | ||
| Q4 24 | $6.1B | $10.7B | ||
| Q3 24 | $6.2B | $11.1B | ||
| Q2 24 | $5.9B | $10.6B | ||
| Q1 24 | $-133.0M | $11.2B |
总资产AONGLW
| Q4 25 | $50.8B | $31.0B | ||
| Q3 25 | $51.6B | $29.9B | ||
| Q2 25 | $54.0B | $28.7B | ||
| Q1 25 | $50.3B | $27.4B | ||
| Q4 24 | $49.0B | $27.7B | ||
| Q3 24 | $49.9B | $28.3B | ||
| Q2 24 | $51.5B | $27.2B | ||
| Q1 24 | $40.8B | $27.6B |
负债/权益比AONGLW
| Q4 25 | 1.63× | 0.65× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 2.78× | 0.64× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.63× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $620.0M |
| 自由现金流率自由现金流/营收 | 30.8% | 14.7% |
| 资本支出强度资本支出/营收 | 1.7% | 10.2% |
| 现金转化率经营现金流/净利润 | 0.83× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $3.2B | $1.4B |
8季度趋势，按日历期对齐
经营现金流AONGLW
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.1B | $784.0M | ||
| Q2 25 | $796.0M | $708.0M | ||
| Q1 25 | $140.0M | $151.0M | ||
| Q4 24 | $1.2B | $623.0M | ||
| Q3 24 | $1.0B | $699.0M | ||
| Q2 24 | $513.0M | $521.0M | ||
| Q1 24 | $309.0M | $96.0M |
自由现金流AONGLW
| Q4 25 | $1.3B | $620.0M | ||
| Q3 25 | $1.1B | $450.0M | ||
| Q2 25 | $732.0M | $400.0M | ||
| Q1 25 | $84.0M | $-57.0M | ||
| Q4 24 | $1.1B | $369.0M | ||
| Q3 24 | $951.0M | $482.0M | ||
| Q2 24 | $460.0M | $279.0M | ||
| Q1 24 | $261.0M | $-156.0M |
自由现金流率AONGLW
| Q4 25 | 30.8% | 14.7% | ||
| Q3 25 | 27.0% | 11.0% | ||
| Q2 25 | 17.6% | 10.4% | ||
| Q1 25 | 1.8% | -1.7% | ||
| Q4 24 | 27.6% | 10.5% | ||
| Q3 24 | 25.6% | 14.2% | ||
| Q2 24 | 12.2% | 8.6% | ||
| Q1 24 | 6.4% | -5.2% |
资本支出强度AONGLW
| Q4 25 | 1.7% | 10.2% | ||
| Q3 25 | 1.7% | 8.1% | ||
| Q2 25 | 1.5% | 8.0% | ||
| Q1 25 | 1.2% | 6.0% | ||
| Q4 24 | 1.3% | 7.3% | ||
| Q3 24 | 1.7% | 6.4% | ||
| Q2 24 | 1.4% | 7.4% | ||
| Q1 24 | 1.2% | 8.5% |
现金转化率AONGLW
| Q4 25 | 0.83× | 1.95× | ||
| Q3 25 | 2.51× | 1.82× | ||
| Q2 25 | 1.37× | 1.51× | ||
| Q1 25 | 0.15× | 0.96× | ||
| Q4 24 | 1.68× | 2.01× | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 0.98× | 5.01× | ||
| Q1 24 | 0.29× | 0.46× |
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% |
GLW
暂无分部数据
