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怡安集团（AON）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.4倍（$4.3B vs $3.1B），怡安集团净利率更高（39.4% vs 3.0%，领先36.4%），怡安集团同比增速更快（3.7% vs 1.0%），怡安集团自由现金流更多（$1.3B vs $273.0M），过去两年怡安集团的营收复合增速更高（2.8% vs -0.9%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
AON vs R — 直观对比
营收规模更大
AON
是对方的1.4倍
$3.1B
营收增速更快
AON
高出2.7%
1.0%
净利率更高
AON
高出36.4%
3.0%
自由现金流更多
AON
多$1.1B
$273.0M
两年增速更快
AON
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $3.1B |
| 净利润 | $1.7B | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | — |
| 净利率 | 39.4% | 3.0% |
| 营收同比 | 3.7% | 1.0% |
| 净利润同比 | 136.5% | -5.1% |
| 每股收益（稀释后） | $7.82 | $2.34 |
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AONR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.3B | $3.2B | ||
| Q3 25 | $4.0B | $3.2B | ||
| Q2 25 | $4.2B | $3.2B | ||
| Q1 25 | $4.7B | $3.1B | ||
| Q4 24 | $4.1B | $3.2B | ||
| Q3 24 | $3.7B | $3.2B | ||
| Q2 24 | $3.8B | $3.2B |
净利润AONR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $1.7B | $132.0M | ||
| Q3 25 | $458.0M | $138.0M | ||
| Q2 25 | $579.0M | $131.0M | ||
| Q1 25 | $965.0M | $98.0M | ||
| Q4 24 | $716.0M | $135.0M | ||
| Q3 24 | $343.0M | $142.0M | ||
| Q2 24 | $524.0M | $127.0M |
营业利润率AONR
| Q1 26 | — | — | ||
| Q4 25 | 28.1% | 5.6% | ||
| Q3 25 | 20.4% | 6.0% | ||
| Q2 25 | 20.7% | 5.8% | ||
| Q1 25 | 30.9% | 4.3% | ||
| Q4 24 | 26.3% | 5.7% | ||
| Q3 24 | 16.7% | 5.9% | ||
| Q2 24 | 17.4% | 5.6% |
净利率AONR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 39.4% | 4.2% | ||
| Q3 25 | 11.5% | 4.4% | ||
| Q2 25 | 13.9% | 4.1% | ||
| Q1 25 | 20.4% | 3.1% | ||
| Q4 24 | 17.3% | 4.2% | ||
| Q3 24 | 9.2% | 4.5% | ||
| Q2 24 | 13.9% | 4.0% |
每股收益（稀释后）AONR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $7.82 | $3.22 | ||
| Q3 25 | $2.11 | $3.32 | ||
| Q2 25 | $2.66 | $3.13 | ||
| Q1 25 | $4.43 | $2.27 | ||
| Q4 24 | $3.11 | $3.09 | ||
| Q3 24 | $1.57 | $3.24 | ||
| Q2 24 | $2.46 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $15.2B | — |
| 股东权益账面价值 | $9.4B | $2.9B |
| 总资产 | $50.8B | — |
| 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AONR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $2.8B | $198.0M | ||
| Q3 25 | $1.3B | $189.0M | ||
| Q2 25 | $1.4B | $180.0M | ||
| Q1 25 | $1.3B | $151.0M | ||
| Q4 24 | $1.3B | $154.0M | ||
| Q3 24 | $1.3B | $162.0M | ||
| Q2 24 | $1.2B | $164.0M |
总债务AONR
| Q1 26 | — | — | ||
| Q4 25 | $15.2B | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | $17.0B | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益AONR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $9.4B | $3.1B | ||
| Q3 25 | $7.9B | $3.1B | ||
| Q2 25 | $7.8B | $3.1B | ||
| Q1 25 | $7.0B | $3.0B | ||
| Q4 24 | $6.1B | $3.1B | ||
| Q3 24 | $6.2B | $3.1B | ||
| Q2 24 | $5.9B | $3.1B |
总资产AONR
| Q1 26 | — | — | ||
| Q4 25 | $50.8B | $16.4B | ||
| Q3 25 | $51.6B | $16.5B | ||
| Q2 25 | $54.0B | $16.5B | ||
| Q1 25 | $50.3B | $16.4B | ||
| Q4 24 | $49.0B | $16.7B | ||
| Q3 24 | $49.9B | $16.5B | ||
| Q2 24 | $51.5B | $16.4B |
负债/权益比AONR
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | 2.78× | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $273.0M |
| 自由现金流率自由现金流/营收 | 30.8% | 8.7% |
| 资本支出强度资本支出/营收 | 1.7% | 13.7% |
| 现金转化率经营现金流/净利润 | 0.83× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $3.2B | $595.0M |
8季度趋势，按日历期对齐
经营现金流AONR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.4B | $749.0M | ||
| Q3 25 | $1.1B | $442.0M | ||
| Q2 25 | $796.0M | $752.0M | ||
| Q1 25 | $140.0M | $651.0M | ||
| Q4 24 | $1.2B | $558.0M | ||
| Q3 24 | $1.0B | $629.0M | ||
| Q2 24 | $513.0M | $552.0M |
自由现金流AONR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $1.3B | $344.0M | ||
| Q3 25 | $1.1B | $-85.0M | ||
| Q2 25 | $732.0M | $63.0M | ||
| Q1 25 | $84.0M | $137.0M | ||
| Q4 24 | $1.1B | $-201.0M | ||
| Q3 24 | $951.0M | $30.0M | ||
| Q2 24 | $460.0M | $-87.0M |
自由现金流率AONR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 30.8% | 10.8% | ||
| Q3 25 | 27.0% | -2.7% | ||
| Q2 25 | 17.6% | 2.0% | ||
| Q1 25 | 1.8% | 4.4% | ||
| Q4 24 | 27.6% | -6.3% | ||
| Q3 24 | 25.6% | 0.9% | ||
| Q2 24 | 12.2% | -2.7% |
资本支出强度AONR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 1.7% | 12.8% | ||
| Q3 25 | 1.7% | 16.6% | ||
| Q2 25 | 1.5% | 21.6% | ||
| Q1 25 | 1.2% | 16.4% | ||
| Q4 24 | 1.3% | 23.8% | ||
| Q3 24 | 1.7% | 18.9% | ||
| Q2 24 | 1.4% | 20.1% |
现金转化率AONR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 0.83× | 5.67× | ||
| Q3 25 | 2.51× | 3.20× | ||
| Q2 25 | 1.37× | 5.74× | ||
| Q1 25 | 0.15× | 6.64× | ||
| Q4 24 | 1.68× | 4.13× | ||
| Q3 24 | 2.95× | 4.43× | ||
| Q2 24 | 0.98× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
