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怡安集团（AON）与NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP（NRUC）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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的59.7倍（$4.3B vs $72.0M）。怡安集团净利率更高（39.4% vs 27.2%，领先12.2%）。NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP同比增速更快（10.0% vs 3.7%）。怡安集团自由现金流更多（$1.3B vs $38.3M）。过去两年NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的营收复合增速更高（5.4% 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。
美国国家农村公用事业合作金融公司（CFC）是一家由成员所有的非盈利合作社，为美国农村电力合作网络提供金融产品。该公司成立于1969年，创立初衷是从资本市场筹集资金，补充美国农业部农村公用事业局面向电力合作社的贷款项目。
AON vs NRUC — 直观对比
营收规模更大
AON
是对方的59.7倍
$72.0M
营收增速更快
NRUC
高出6.4%
3.7%
净利率更高
AON
高出12.2%
27.2%
自由现金流更多
AON
多$1.3B
$38.3M
两年增速更快
NRUC
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $72.0M |
| 净利润 | $1.7B | $19.6M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | — |
| 净利率 | 39.4% | 27.2% |
| 营收同比 | 3.7% | 10.0% |
| 净利润同比 | 136.5% | -86.4% |
| 每股收益（稀释后） | $7.82 | — |
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AONNRUC
| Q4 25 | $4.3B | $72.0M | ||
| Q3 25 | $4.0B | $71.0M | ||
| Q2 25 | $4.2B | $66.9M | ||
| Q1 25 | $4.7B | $66.9M | ||
| Q4 24 | $4.1B | $65.4M | ||
| Q3 24 | $3.7B | $61.7M | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $4.1B | $64.8M |
净利润AONNRUC
| Q4 25 | $1.7B | $19.6M | ||
| Q3 25 | $458.0M | $4.8M | ||
| Q2 25 | $579.0M | $73.1M | ||
| Q1 25 | $965.0M | $86.0M | ||
| Q4 24 | $716.0M | $144.4M | ||
| Q3 24 | $343.0M | $-163.8M | ||
| Q2 24 | $524.0M | — | ||
| Q1 24 | $1.1B | $31.5M |
营业利润率AONNRUC
| Q4 25 | 28.1% | — | ||
| Q3 25 | 20.4% | — | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 16.7% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 36.0% | — |
净利率AONNRUC
| Q4 25 | 39.4% | 27.2% | ||
| Q3 25 | 11.5% | 6.7% | ||
| Q2 25 | 13.9% | 109.3% | ||
| Q1 25 | 20.4% | 128.4% | ||
| Q4 24 | 17.3% | 220.7% | ||
| Q3 24 | 9.2% | -265.7% | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 26.3% | 48.6% |
每股收益（稀释后）AONNRUC
| Q4 25 | $7.82 | — | ||
| Q3 25 | $2.11 | — | ||
| Q2 25 | $2.66 | — | ||
| Q1 25 | $4.43 | — | ||
| Q4 24 | $3.11 | — | ||
| Q3 24 | $1.57 | — | ||
| Q2 24 | $2.46 | — | ||
| Q1 24 | $5.35 | — |
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 | $304.5M |
| 总债务越低越好 | $15.2B | $27.3B |
| 股东权益账面价值 | $9.4B | $3.1B |
| 总资产 | $50.8B | $39.1B |
| 负债/权益比越低杠杆越低 | 1.63× | 8.95× |
8季度趋势，按日历期对齐
现金及短期投资AONNRUC
| Q4 25 | $2.8B | $304.5M | ||
| Q3 25 | $1.3B | $257.1M | ||
| Q2 25 | $1.4B | $134.7M | ||
| Q1 25 | $1.3B | $245.4M | ||
| Q4 24 | $1.3B | $347.1M | ||
| Q3 24 | $1.3B | $264.7M | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $6.4B | $144.8M |
总债务AONNRUC
| Q4 25 | $15.2B | $27.3B | ||
| Q3 25 | — | $27.9B | ||
| Q2 25 | — | $27.2B | ||
| Q1 25 | — | $27.5B | ||
| Q4 24 | $17.0B | $26.7B | ||
| Q3 24 | — | $26.3B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $25.5B |
股东权益AONNRUC
| Q4 25 | $9.4B | $3.1B | ||
| Q3 25 | $7.9B | $3.0B | ||
| Q2 25 | $7.8B | $3.1B | ||
| Q1 25 | $7.0B | $3.0B | ||
| Q4 24 | $6.1B | $2.9B | ||
| Q3 24 | $6.2B | $2.8B | ||
| Q2 24 | $5.9B | — | ||
| Q1 24 | $-133.0M | $2.8B |
总资产AONNRUC
| Q4 25 | $50.8B | $39.1B | ||
| Q3 25 | $51.6B | $38.8B | ||
| Q2 25 | $54.0B | $38.3B | ||
| Q1 25 | $50.3B | $37.8B | ||
| Q4 24 | $49.0B | $37.1B | ||
| Q3 24 | $49.9B | $36.5B | ||
| Q2 24 | $51.5B | — | ||
| Q1 24 | $40.8B | $35.9B |
负债/权益比AONNRUC
| Q4 25 | 1.63× | 8.95× | ||
| Q3 25 | — | 9.21× | ||
| Q2 25 | — | 8.81× | ||
| Q1 25 | — | 9.15× | ||
| Q4 24 | 2.78× | 9.14× | ||
| Q3 24 | — | 9.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 8.94× |
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 | $38.9M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $38.3M |
| 自由现金流率自由现金流/营收 | 30.8% | 53.2% |
| 资本支出强度资本支出/营收 | 1.7% | 0.9% |
| 现金转化率经营现金流/净利润 | 0.83× | 1.99× |
| 过去12个月自由现金流最近4个季度 | $3.2B | $225.0M |
8季度趋势，按日历期对齐
经营现金流AONNRUC
| Q4 25 | $1.4B | $38.9M | ||
| Q3 25 | $1.1B | $82.3M | ||
| Q2 25 | $796.0M | $-43.3M | ||
| Q1 25 | $140.0M | $150.3M | ||
| Q4 24 | $1.2B | $63.8M | ||
| Q3 24 | $1.0B | $36.7M | ||
| Q2 24 | $513.0M | — | ||
| Q1 24 | $309.0M | — |
自由现金流AONNRUC
| Q4 25 | $1.3B | $38.3M | ||
| Q3 25 | $1.1B | $82.0M | ||
| Q2 25 | $732.0M | $-44.3M | ||
| Q1 25 | $84.0M | $149.0M | ||
| Q4 24 | $1.1B | $62.7M | ||
| Q3 24 | $951.0M | $35.4M | ||
| Q2 24 | $460.0M | — | ||
| Q1 24 | $261.0M | — |
自由现金流率AONNRUC
| Q4 25 | 30.8% | 53.2% | ||
| Q3 25 | 27.0% | 115.5% | ||
| Q2 25 | 17.6% | -66.2% | ||
| Q1 25 | 1.8% | 222.5% | ||
| Q4 24 | 27.6% | 95.9% | ||
| Q3 24 | 25.6% | 57.5% | ||
| Q2 24 | 12.2% | — | ||
| Q1 24 | 6.4% | — |
资本支出强度AONNRUC
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 1.7% | 0.5% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 1.2% | 1.9% | ||
| Q4 24 | 1.3% | 1.7% | ||
| Q3 24 | 1.7% | 2.1% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.2% | — |
现金转化率AONNRUC
| Q4 25 | 0.83× | 1.99× | ||
| Q3 25 | 2.51× | 17.27× | ||
| Q2 25 | 1.37× | -0.59× | ||
| Q1 25 | 0.15× | 1.75× | ||
| Q4 24 | 1.68× | 0.44× | ||
| 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% |
NRUC
暂无分部数据
