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怡安集团（AON）与HA Sustainable Infrastructure Capital, Inc.（HASI）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HA Sustainable Infrastructure Capital, Inc.的37.5倍（$4.3B vs $114.8M）。怡安集团净利率更高（39.4% vs -46.8%，领先86.2%）。HA Sustainable Infrastructure Capital, Inc.同比增速更快（13.3% vs 3.7%）。过去两年HA Sustainable Infrastructure Capital, Inc.的营收复合增速更高（4.2% 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。
HA可持续基础设施资本公司（HASI）是一家聚焦可持续基础设施领域的专业投资机构，业务覆盖可再生能源、能效提升、可持续地产及低碳公用事业板块，主要在北美市场运营，为合格绿色项目提供长期资本支持，为投资者创造稳定的经风险调整后回报。
AON vs HASI — 直观对比
营收规模更大
AON
是对方的37.5倍
$114.8M
营收增速更快
HASI
高出9.7%
3.7%
净利率更高
AON
高出86.2%
-46.8%
两年增速更快
HASI
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $114.8M |
| 净利润 | $1.7B | $-53.8M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | -57.4% |
| 净利率 | 39.4% | -46.8% |
| 营收同比 | 3.7% | 13.3% |
| 净利润同比 | 136.5% | -176.7% |
| 每股收益（稀释后） | $7.82 | $-0.38 |
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AONHASI
| Q4 25 | $4.3B | $114.8M | ||
| Q3 25 | $4.0B | $103.1M | ||
| Q2 25 | $4.2B | $85.7M | ||
| Q1 25 | $4.7B | $96.9M | ||
| Q4 24 | $4.1B | $101.3M | ||
| Q3 24 | $3.7B | $82.0M | ||
| Q2 24 | $3.8B | $94.5M | ||
| Q1 24 | $4.1B | $105.8M |
净利润AONHASI
| Q4 25 | $1.7B | $-53.8M | ||
| Q3 25 | $458.0M | $83.3M | ||
| Q2 25 | $579.0M | $98.4M | ||
| Q1 25 | $965.0M | $56.6M | ||
| Q4 24 | $716.0M | $70.1M | ||
| Q3 24 | $343.0M | $-19.6M | ||
| Q2 24 | $524.0M | $26.5M | ||
| Q1 24 | $1.1B | $123.0M |
营业利润率AONHASI
| Q4 25 | 28.1% | -57.4% | ||
| Q3 25 | 20.4% | — | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 30.9% | 84.7% | ||
| Q4 24 | 26.3% | 90.9% | ||
| Q3 24 | 16.7% | -32.1% | ||
| Q2 24 | 17.4% | 39.5% | ||
| Q1 24 | 36.0% | — |
净利率AONHASI
| Q4 25 | 39.4% | -46.8% | ||
| Q3 25 | 11.5% | 80.8% | ||
| Q2 25 | 13.9% | 114.9% | ||
| Q1 25 | 20.4% | 58.4% | ||
| Q4 24 | 17.3% | 69.2% | ||
| Q3 24 | 9.2% | -23.9% | ||
| Q2 24 | 13.9% | 28.1% | ||
| Q1 24 | 26.3% | 116.3% |
每股收益（稀释后）AONHASI
| Q4 25 | $7.82 | $-0.38 | ||
| Q3 25 | $2.11 | $0.61 | ||
| Q2 25 | $2.66 | $0.74 | ||
| Q1 25 | $4.43 | $0.44 | ||
| Q4 24 | $3.11 | $0.58 | ||
| Q3 24 | $1.57 | $-0.17 | ||
| Q2 24 | $2.46 | $0.23 | ||
| Q1 24 | $5.35 | $0.98 |
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 | $110.2M |
| 总债务越低越好 | $15.2B | — |
| 股东权益账面价值 | $9.4B | $2.7B |
| 总资产 | $50.8B | $8.2B |
| 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AONHASI
| Q4 25 | $2.8B | $110.2M | ||
| Q3 25 | $1.3B | $301.8M | ||
| Q2 25 | $1.4B | $86.5M | ||
| Q1 25 | $1.3B | $67.4M | ||
| Q4 24 | $1.3B | $129.8M | ||
| Q3 24 | $1.3B | $44.1M | ||
| Q2 24 | $1.2B | $145.7M | ||
| Q1 24 | $6.4B | $61.4M |
总债务AONHASI
| Q4 25 | $15.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AONHASI
| Q4 25 | $9.4B | $2.7B | ||
| Q3 25 | $7.9B | $2.7B | ||
| Q2 25 | $7.8B | $2.6B | ||
| Q1 25 | $7.0B | $2.5B | ||
| Q4 24 | $6.1B | $2.4B | ||
| Q3 24 | $6.2B | $2.3B | ||
| Q2 24 | $5.9B | $2.3B | ||
| Q1 24 | $-133.0M | $2.3B |
总资产AONHASI
| Q4 25 | $50.8B | $8.2B | ||
| Q3 25 | $51.6B | $8.2B | ||
| Q2 25 | $54.0B | $7.6B | ||
| Q1 25 | $50.3B | $7.5B | ||
| Q4 24 | $49.0B | $7.1B | ||
| Q3 24 | $49.9B | $6.7B | ||
| Q2 24 | $51.5B | $6.7B | ||
| Q1 24 | $40.8B | $6.7B |
负债/权益比AONHASI
| 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 | $246.7M |
| 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AONHASI
| Q4 25 | $1.4B | $246.7M | ||
| Q3 25 | $1.1B | $-121.8M | ||
| Q2 25 | $796.0M | $79.6M | ||
| Q1 25 | $140.0M | $-37.1M | ||
| Q4 24 | $1.2B | $-12.2M | ||
| Q3 24 | $1.0B | $21.9M | ||
| Q2 24 | $513.0M | $-24.8M | ||
| Q1 24 | $309.0M | $20.9M |
自由现金流AONHASI
| 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AONHASI
| 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AONHASI
| 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AONHASI
| Q4 25 | 0.83× | — | ||
| Q3 25 | 2.51× | -1.46× | ||
| Q2 25 | 1.37× | 0.81× | ||
| Q1 25 | 0.15× | -0.66× | ||
| Q4 24 | 1.68× | -0.17× | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 0.98× | -0.94× | ||
| Q1 24 | 0.29× | 0.17× |
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% |
HASI
暂无分部数据
