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怡安集团（AON）与LESAKA TECHNOLOGIES INC（LSAK）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LESAKA TECHNOLOGIES INC的24.1倍（$4.3B vs $178.7M）。怡安集团净利率更高（39.4% vs 2.0%，领先37.3%）。LESAKA TECHNOLOGIES INC同比增速更快（21.7% vs 3.7%）。怡安集团自由现金流更多（$1.3B vs $-14.8M）。过去两年LESAKA TECHNOLOGIES INC的营收复合增速更高（13.7% 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。
莱萨卡科技是一家总部位于南非的金融科技公司，目前同时在纳斯达克交易所与约翰内斯堡证券交易所挂牌上市。公司核心业务聚焦于金融普惠，面向此前金融服务覆盖不足的社区与商户提供各类金融服务。
AON vs LSAK — 直观对比
营收规模更大
AON
是对方的24.1倍
$178.7M
营收增速更快
LSAK
高出18.0%
3.7%
净利率更高
AON
高出37.3%
2.0%
自由现金流更多
AON
多$1.3B
$-14.8M
两年增速更快
LSAK
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $178.7M |
| 净利润 | $1.7B | $3.6M |
| 毛利率 | — | 31.4% |
| 营业利润率 | 28.1% | 1.2% |
| 净利率 | 39.4% | 2.0% |
| 营收同比 | 3.7% | 21.7% |
| 净利润同比 | 136.5% | 111.3% |
| 每股收益（稀释后） | $7.82 | $0.04 |
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AONLSAK
| Q4 25 | $4.3B | $178.7M | ||
| Q3 25 | $4.0B | $171.4M | ||
| Q2 25 | $4.2B | $168.5M | ||
| Q1 25 | $4.7B | $161.4M | ||
| Q4 24 | $4.1B | $176.2M | ||
| Q3 24 | $3.7B | $153.6M | ||
| Q2 24 | $3.8B | $146.0M | ||
| Q1 24 | $4.1B | $138.2M |
净利润AONLSAK
| Q4 25 | $1.7B | $3.6M | ||
| Q3 25 | $458.0M | $-4.3M | ||
| Q2 25 | $579.0M | $-28.4M | ||
| Q1 25 | $965.0M | $-22.1M | ||
| Q4 24 | $716.0M | $-32.5M | ||
| Q3 24 | $343.0M | $-4.5M | ||
| Q2 24 | $524.0M | $-5.0M | ||
| Q1 24 | $1.1B | $-4.0M |
毛利率AONLSAK
| Q4 25 | — | 31.4% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 25.7% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 22.0% |
营业利润率AONLSAK
| Q4 25 | 28.1% | 1.2% | ||
| Q3 25 | 20.4% | 0.2% | ||
| Q2 25 | 20.7% | -16.7% | ||
| Q1 25 | 30.9% | 0.4% | ||
| Q4 24 | 26.3% | 0.3% | ||
| Q3 24 | 16.7% | -0.0% | ||
| Q2 24 | 17.4% | 0.2% | ||
| Q1 24 | 36.0% | 0.6% |
净利率AONLSAK
| Q4 25 | 39.4% | 2.0% | ||
| Q3 25 | 11.5% | -2.5% | ||
| Q2 25 | 13.9% | -16.9% | ||
| Q1 25 | 20.4% | -13.7% | ||
| Q4 24 | 17.3% | -18.4% | ||
| Q3 24 | 9.2% | -3.0% | ||
| Q2 24 | 13.9% | -3.4% | ||
| Q1 24 | 26.3% | -2.9% |
每股收益（稀释后）AONLSAK
| Q4 25 | $7.82 | $0.04 | ||
| Q3 25 | $2.11 | $-0.05 | ||
| Q2 25 | $2.66 | $-0.40 | ||
| Q1 25 | $4.43 | $-0.27 | ||
| Q4 24 | $3.11 | $-0.40 | ||
| Q3 24 | $1.57 | $-0.07 | ||
| Q2 24 | $2.46 | $-0.08 | ||
| Q1 24 | $5.35 | $-0.06 |
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 | $69.5M |
| 总债务越低越好 | $15.2B | $216.8M |
| 股东权益账面价值 | $9.4B | $180.6M |
| 总资产 | $50.8B | $704.6M |
| 负债/权益比越低杠杆越低 | 1.63× | 1.20× |
8季度趋势，按日历期对齐
现金及短期投资AONLSAK
| Q4 25 | $2.8B | $69.5M | ||
| Q3 25 | $1.3B | $72.2M | ||
| Q2 25 | $1.4B | $76.5M | ||
| Q1 25 | $1.3B | $71.0M | ||
| Q4 24 | $1.3B | $60.6M | ||
| Q3 24 | $1.3B | $49.7M | ||
| Q2 24 | $1.2B | $59.1M | ||
| Q1 24 | $6.4B | $55.2M |
总债务AONLSAK
| Q4 25 | $15.2B | $216.8M | ||
| Q3 25 | — | $208.1M | ||
| Q2 25 | — | $200.8M | ||
| Q1 25 | — | $194.7M | ||
| Q4 24 | $17.0B | $148.7M | ||
| Q3 24 | — | $148.5M | ||
| Q2 24 | — | $143.2M | ||
| Q1 24 | — | $135.7M |
股东权益AONLSAK
| Q4 25 | $9.4B | $180.6M | ||
| Q3 25 | $7.9B | $170.4M | ||
| Q2 25 | $7.8B | $161.6M | ||
| Q1 25 | $7.0B | $185.2M | ||
| Q4 24 | $6.1B | $193.3M | ||
| Q3 24 | $6.2B | $184.2M | ||
| Q2 24 | $5.9B | $175.9M | ||
| Q1 24 | $-133.0M | $173.1M |
总资产AONLSAK
| Q4 25 | $50.8B | $704.6M | ||
| Q3 25 | $51.6B | $652.9M | ||
| Q2 25 | $54.0B | $653.7M | ||
| Q1 25 | $50.3B | $649.2M | ||
| Q4 24 | $49.0B | $640.6M | ||
| Q3 24 | $49.9B | $551.9M | ||
| Q2 24 | $51.5B | $558.5M | ||
| Q1 24 | $40.8B | $551.5M |
负债/权益比AONLSAK
| Q4 25 | 1.63× | 1.20× | ||
| Q3 25 | — | 1.22× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 2.78× | 0.77× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.78× |
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 | $-10.9M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-14.8M |
| 自由现金流率自由现金流/营收 | 30.8% | -8.3% |
| 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× | -2.99× |
| 过去12个月自由现金流最近4个季度 | $3.2B | $-12.6M |
8季度趋势，按日历期对齐
经营现金流AONLSAK
| Q4 25 | $1.4B | $-10.9M | ||
| Q3 25 | $1.1B | $8.9M | ||
| Q2 25 | $796.0M | $-6.5M | ||
| Q1 25 | $140.0M | $10.7M | ||
| Q4 24 | $1.2B | $-9.2M | ||
| Q3 24 | $1.0B | $-4.1M | ||
| Q2 24 | $513.0M | $5.7M | ||
| Q1 24 | $309.0M | $19.2M |
自由现金流AONLSAK
| Q4 25 | $1.3B | $-14.8M | ||
| Q3 25 | $1.1B | $4.9M | ||
| Q2 25 | $732.0M | $-10.6M | ||
| Q1 25 | $84.0M | $7.8M | ||
| Q4 24 | $1.1B | $-15.5M | ||
| Q3 24 | $951.0M | $-8.1M | ||
| Q2 24 | $460.0M | $937.0K | ||
| Q1 24 | $261.0M | $16.2M |
自由现金流率AONLSAK
| Q4 25 | 30.8% | -8.3% | ||
| Q3 25 | 27.0% | 2.9% | ||
| Q2 25 | 17.6% | -6.3% | ||
| Q1 25 | 1.8% | 4.9% | ||
| Q4 24 | 27.6% | -8.8% | ||
| Q3 24 | 25.6% | -5.3% | ||
| Q2 24 | 12.2% | 0.6% | ||
| Q1 24 | 6.4% | 11.7% |
资本支出强度AONLSAK
| Q4 25 | 1.7% | 2.2% | ||
| Q3 25 | 1.7% | 2.3% | ||
| Q2 25 | 1.5% | 2.4% | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 1.3% | 3.6% | ||
| Q3 24 | 1.7% | 2.6% | ||
| Q2 24 | 1.4% | 3.2% | ||
| Q1 24 | 1.2% | 2.1% |
现金转化率AONLSAK
| Q4 25 | 0.83× | -2.99× | ||
| Q3 25 | 2.51× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 0.29× | — |
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% |
LSAK
| Telecom Products And Services | $82.0M | 46% |
| Processing Fees | $37.6M | 21% |
| Enterprise Segment | $14.5M | 8% |
| Rest Of Africa | $10.9M | 6% |
| Technology Products | $8.6M | 5% |
| Insurance Revenue | $7.9M | 4% |
| Lending Revenue | $7.2M | 4% |
| Other | $6.7M | 4% |
| Interest From Customer | $2.1M | 1% |
| Other Products And Services | $1.2M | 1% |
