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怡安集团（AON）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是怡安集团的1.5倍（$7.7B vs $5.0B），怡安集团净利率更高（24.6% vs 0.8%，领先23.8%），怡安集团同比增速更快（6.0% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 15.7%）
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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
AON vs SW — 直观对比
营收规模更大
SW
是对方的1.5倍
$5.0B
营收增速更快
AON
高出5.3%
0.7%
净利率更高
AON
高出23.8%
0.8%
两年增速更快
SW
近两年复合增速
15.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $7.7B |
| 净利润 | $1.2B | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | 34.1% | 3.3% |
| 净利率 | 24.6% | 0.8% |
| 营收同比 | 6.0% | 0.7% |
| 净利润同比 | 25.6% | — |
| 每股收益（稀释后） | $5.63 | $0.12 |
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AONSW
| Q1 26 | $5.0B | $7.7B | ||
| Q4 25 | $4.3B | $7.6B | ||
| Q3 25 | $4.0B | $8.0B | ||
| Q2 25 | $4.2B | $7.9B | ||
| Q1 25 | $4.7B | $7.7B | ||
| Q4 24 | $4.1B | $7.5B | ||
| Q3 24 | $3.7B | $7.7B | ||
| Q2 24 | $3.8B | $3.0B |
净利润AONSW
| Q1 26 | $1.2B | $63.0M | ||
| Q4 25 | $1.7B | $97.0M | ||
| Q3 25 | $458.0M | $246.0M | ||
| Q2 25 | $579.0M | $-28.0M | ||
| Q1 25 | $965.0M | $384.0M | ||
| Q4 24 | $716.0M | $146.0M | ||
| Q3 24 | $343.0M | $-150.0M | ||
| Q2 24 | $524.0M | $132.0M |
毛利率AONSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率AONSW
| Q1 26 | 34.1% | 3.3% | ||
| Q4 25 | 28.1% | 5.1% | ||
| Q3 25 | 20.4% | 6.6% | ||
| Q2 25 | 20.7% | 3.2% | ||
| Q1 25 | 30.9% | 7.2% | ||
| Q4 24 | 26.3% | 5.3% | ||
| Q3 24 | 16.7% | 0.7% | ||
| Q2 24 | 17.4% | 8.2% |
净利率AONSW
| Q1 26 | 24.6% | 0.8% | ||
| Q4 25 | 39.4% | 1.3% | ||
| Q3 25 | 11.5% | 3.1% | ||
| Q2 25 | 13.9% | -0.4% | ||
| Q1 25 | 20.4% | 5.0% | ||
| Q4 24 | 17.3% | 1.9% | ||
| Q3 24 | 9.2% | -2.0% | ||
| Q2 24 | 13.9% | 4.4% |
每股收益（稀释后）AONSW
| Q1 26 | $5.63 | $0.12 | ||
| Q4 25 | $7.82 | $0.18 | ||
| Q3 25 | $2.11 | $0.47 | ||
| Q2 25 | $2.66 | $-0.05 | ||
| Q1 25 | $4.43 | $0.73 | ||
| Q4 24 | $3.11 | $-0.12 | ||
| Q3 24 | $1.57 | $-0.30 | ||
| Q2 24 | $2.46 | $0.51 |
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 | $1.4M | — |
| 总债务越低越好 | $13.5M | $980.0M |
| 股东权益账面价值 | $10.0M | $18.1B |
| 总资产 | $51.4M | $45.2B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AONSW
| Q1 26 | $1.4M | — | ||
| Q4 25 | $2.8B | $892.0M | ||
| Q3 25 | $1.3B | $851.0M | ||
| Q2 25 | $1.4B | $778.0M | ||
| Q1 25 | $1.3B | $797.0M | ||
| Q4 24 | $1.3B | $855.0M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | $26.8K |
总债务AONSW
| Q1 26 | $13.5M | $980.0M | ||
| Q4 25 | $15.2B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $17.0B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益AONSW
| Q1 26 | $10.0M | $18.1B | ||
| Q4 25 | $9.4B | $18.3B | ||
| Q3 25 | $7.9B | $18.4B | ||
| Q2 25 | $7.8B | $18.3B | ||
| Q1 25 | $7.0B | $17.9B | ||
| Q4 24 | $6.1B | $17.4B | ||
| Q3 24 | $6.2B | $18.0B | ||
| Q2 24 | $5.9B | $14.5K |
总资产AONSW
| Q1 26 | $51.4M | $45.2B | ||
| Q4 25 | $50.8B | $45.2B | ||
| Q3 25 | $51.6B | $45.6B | ||
| Q2 25 | $54.0B | $45.7B | ||
| Q1 25 | $50.3B | $44.6B | ||
| Q4 24 | $49.0B | $43.8B | ||
| Q3 24 | $49.9B | $45.0B | ||
| Q2 24 | $51.5B | $26.8K |
负债/权益比AONSW
| Q1 26 | 1.36× | 0.05× | ||
| Q4 25 | 1.63× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 2.78× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 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 | — | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $363.0M | — |
| 自由现金流率自由现金流/营收 | 7.2% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | — | 3.24× |
| 过去12个月自由现金流最近4个季度 | $3.5B | — |
8季度趋势，按日历期对齐
经营现金流AONSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $796.0M | $829.0M | ||
| Q1 25 | $140.0M | $235.0M | ||
| Q4 24 | $1.2B | $781.0M | ||
| Q3 24 | $1.0B | $320.0M | ||
| Q2 24 | $513.0M | $340.0M |
自由现金流AONSW
| Q1 26 | $363.0M | — | ||
| Q4 25 | $1.3B | $612.0M | ||
| Q3 25 | $1.1B | $523.0M | ||
| Q2 25 | $732.0M | $307.0M | ||
| Q1 25 | $84.0M | $-242.0M | ||
| Q4 24 | $1.1B | $212.0M | ||
| Q3 24 | $951.0M | $-192.0M | ||
| Q2 24 | $460.0M | $163.0M |
自由现金流率AONSW
| Q1 26 | 7.2% | — | ||
| Q4 25 | 30.8% | 8.1% | ||
| Q3 25 | 27.0% | 6.5% | ||
| Q2 25 | 17.6% | 3.9% | ||
| Q1 25 | 1.8% | -3.2% | ||
| Q4 24 | 27.6% | 2.8% | ||
| Q3 24 | 25.6% | -2.5% | ||
| Q2 24 | 12.2% | 5.5% |
资本支出强度AONSW
| Q1 26 | 1.3% | — | ||
| Q4 25 | 1.7% | 7.7% | ||
| Q3 25 | 1.7% | 7.6% | ||
| Q2 25 | 1.5% | 6.6% | ||
| Q1 25 | 1.2% | 6.2% | ||
| Q4 24 | 1.3% | 7.5% | ||
| Q3 24 | 1.7% | 6.7% | ||
| Q2 24 | 1.4% | 6.0% |
现金转化率AONSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 0.83× | 12.32× | ||
| Q3 25 | 2.51× | 4.61× | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 0.15× | 0.61× | ||
| Q4 24 | 1.68× | 5.35× | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 0.98× | 2.58× |
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 | $2.2B | 44% |
| Reinsurance Solutions | $1.3B | 25% |
| Health Solutions | $1.1B | 22% |
| Wealth Solutions | $420.0M | 8% |
SW
暂无分部数据
