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怡安集团（AON）与丽思卡尔顿酒店集团（INN）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丽思卡尔顿酒店集团的24.6倍（$4.3B vs $175.0M）。怡安集团净利率更高（39.4% vs -1.5%，领先40.8%）。怡安集团同比增速更快（3.7% vs 1.2%）。怡安集团自由现金流更多（$1.3B vs $9.5M）。过去两年怡安集团的营收复合增速更高（2.8% vs -3.6%）
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。
丽思卡尔顿酒店集团是源自美国的跨国豪华连锁酒店品牌，主打高端奢华住宿体验，目前在全球30个国家和地区运营着108家豪华酒店及度假村，共计拥有超过2.9万间客房，另有46家合计近9千间客房的项目正在筹备规划中。
AON vs INN — 直观对比
营收规模更大
AON
是对方的24.6倍
$175.0M
营收增速更快
AON
高出2.5%
1.2%
净利率更高
AON
高出40.8%
-1.5%
自由现金流更多
AON
多$1.3B
$9.5M
两年增速更快
AON
近两年复合增速
-3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $175.0M |
| 净利润 | $1.7B | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | 8.3% |
| 净利率 | 39.4% | -1.5% |
| 营收同比 | 3.7% | 1.2% |
| 净利润同比 | 136.5% | -381.3% |
| 每股收益（稀释后） | $7.82 | $-0.05 |
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AONINN
| Q4 25 | $4.3B | $175.0M | ||
| Q3 25 | $4.0B | $177.1M | ||
| Q2 25 | $4.2B | $192.9M | ||
| Q1 25 | $4.7B | $184.5M | ||
| Q4 24 | $4.1B | $172.9M | ||
| Q3 24 | $3.7B | $176.8M | ||
| Q2 24 | $3.8B | $193.9M | ||
| Q1 24 | $4.1B | $188.1M |
净利润AONINN
| Q4 25 | $1.7B | $-2.6M | ||
| Q3 25 | $458.0M | $-11.8M | ||
| Q2 25 | $579.0M | $2.0M | ||
| Q1 25 | $965.0M | $623.0K | ||
| Q4 24 | $716.0M | $916.0K | ||
| Q3 24 | $343.0M | $-3.6M | ||
| Q2 24 | $524.0M | $38.7M | ||
| Q1 24 | $1.1B | $2.8M |
营业利润率AONINN
| Q4 25 | 28.1% | 8.3% | ||
| Q3 25 | 20.4% | 4.8% | ||
| Q2 25 | 20.7% | 11.8% | ||
| Q1 25 | 30.9% | 10.7% | ||
| Q4 24 | 26.3% | 4.6% | ||
| Q3 24 | 16.7% | 8.9% | ||
| Q2 24 | 17.4% | 29.0% | ||
| Q1 24 | 36.0% | 12.5% |
净利率AONINN
| Q4 25 | 39.4% | -1.5% | ||
| Q3 25 | 11.5% | -6.6% | ||
| Q2 25 | 13.9% | 1.1% | ||
| Q1 25 | 20.4% | 0.3% | ||
| Q4 24 | 17.3% | 0.5% | ||
| Q3 24 | 9.2% | -2.0% | ||
| Q2 24 | 13.9% | 20.0% | ||
| Q1 24 | 26.3% | 1.5% |
每股收益（稀释后）AONINN
| Q4 25 | $7.82 | $-0.05 | ||
| Q3 25 | $2.11 | $-0.11 | ||
| Q2 25 | $2.66 | $-0.02 | ||
| Q1 25 | $4.43 | $-0.04 | ||
| Q4 24 | $3.11 | $0.05 | ||
| Q3 24 | $1.57 | $-0.04 | ||
| Q2 24 | $2.46 | $0.23 | ||
| Q1 24 | $5.35 | $-0.02 |
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 | $36.1M |
| 总债务越低越好 | $15.2B | $1.4B |
| 股东权益账面价值 | $9.4B | $862.2M |
| 总资产 | $50.8B | $2.8B |
| 负债/权益比越低杠杆越低 | 1.63× | 1.62× |
8季度趋势，按日历期对齐
现金及短期投资AONINN
| Q4 25 | $2.8B | $36.1M | ||
| Q3 25 | $1.3B | $41.1M | ||
| Q2 25 | $1.4B | $39.5M | ||
| Q1 25 | $1.3B | $48.2M | ||
| Q4 24 | $1.3B | $40.6M | ||
| Q3 24 | $1.3B | $51.7M | ||
| Q2 24 | $1.2B | $45.9M | ||
| Q1 24 | $6.4B | $63.4M |
总债务AONINN
| Q4 25 | $15.2B | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $17.0B | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
股东权益AONINN
| Q4 25 | $9.4B | $862.2M | ||
| Q3 25 | $7.9B | $875.8M | ||
| Q2 25 | $7.8B | $895.1M | ||
| Q1 25 | $7.0B | $920.4M | ||
| Q4 24 | $6.1B | $909.5M | ||
| Q3 24 | $6.2B | $911.4M | ||
| Q2 24 | $5.9B | $931.9M | ||
| Q1 24 | $-133.0M | $907.8M |
总资产AONINN
| Q4 25 | $50.8B | $2.8B | ||
| Q3 25 | $51.6B | $2.8B | ||
| Q2 25 | $54.0B | $2.9B | ||
| Q1 25 | $50.3B | $2.9B | ||
| Q4 24 | $49.0B | $2.9B | ||
| Q3 24 | $49.9B | $2.8B | ||
| Q2 24 | $51.5B | $2.9B | ||
| Q1 24 | $40.8B | $3.0B |
负债/权益比AONINN
| Q4 25 | 1.63× | 1.62× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.59× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | 2.78× | 1.54× | ||
| Q3 24 | — | 1.47× | ||
| Q2 24 | — | 1.44× | ||
| Q1 24 | — | 1.60× |
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 | $28.5M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $9.5M |
| 自由现金流率自由现金流/营收 | 30.8% | 5.4% |
| 资本支出强度资本支出/营收 | 1.7% | 10.9% |
| 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 | $73.6M |
8季度趋势，按日历期对齐
经营现金流AONINN
| Q4 25 | $1.4B | $28.5M | ||
| Q3 25 | $1.1B | $45.8M | ||
| Q2 25 | $796.0M | $48.8M | ||
| Q1 25 | $140.0M | $25.9M | ||
| Q4 24 | $1.2B | $32.2M | ||
| Q3 24 | $1.0B | $55.7M | ||
| Q2 24 | $513.0M | $50.3M | ||
| Q1 24 | $309.0M | $28.1M |
自由现金流AONINN
| Q4 25 | $1.3B | $9.5M | ||
| Q3 25 | $1.1B | $24.0M | ||
| Q2 25 | $732.0M | $30.0M | ||
| Q1 25 | $84.0M | $10.1M | ||
| Q4 24 | $1.1B | $4.4M | ||
| Q3 24 | $951.0M | $33.1M | ||
| Q2 24 | $460.0M | $29.4M | ||
| Q1 24 | $261.0M | $10.0M |
自由现金流率AONINN
| Q4 25 | 30.8% | 5.4% | ||
| Q3 25 | 27.0% | 13.5% | ||
| Q2 25 | 17.6% | 15.5% | ||
| Q1 25 | 1.8% | 5.5% | ||
| Q4 24 | 27.6% | 2.5% | ||
| Q3 24 | 25.6% | 18.7% | ||
| Q2 24 | 12.2% | 15.2% | ||
| Q1 24 | 6.4% | 5.3% |
资本支出强度AONINN
| Q4 25 | 1.7% | 10.9% | ||
| Q3 25 | 1.7% | 12.3% | ||
| Q2 25 | 1.5% | 9.8% | ||
| Q1 25 | 1.2% | 8.5% | ||
| Q4 24 | 1.3% | 16.1% | ||
| Q3 24 | 1.7% | 12.7% | ||
| Q2 24 | 1.4% | 10.8% | ||
| Q1 24 | 1.2% | 9.6% |
现金转化率AONINN
| Q4 25 | 0.83× | — | ||
| Q3 25 | 2.51× | — | ||
| Q2 25 | 1.37× | 23.97× | ||
| Q1 25 | 0.15× | 41.49× | ||
| Q4 24 | 1.68× | 35.14× | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 0.98× | 1.30× | ||
| Q1 24 | 0.29× | 9.94× |
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% |
INN
| Occupancy | $153.1M | 88% |
| Food And Beverage | $11.0M | 6% |
| Other | $10.8M | 6% |
