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怡安集团（AON）与LendingTree, Inc.（TREE）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LendingTree, Inc.的13.5倍（$4.3B vs $319.7M）。LendingTree, Inc.净利率更高（45.2% vs 39.4%，领先5.9%）。LendingTree, Inc.同比增速更快（22.2% vs 3.7%）。怡安集团自由现金流更多（$1.3B vs $13.5M）。过去两年LendingTree, Inc.的营收复合增速更高（38.0% 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。
LendingTree, Inc.是1996年成立的在线借贷交易平台，总部位于北卡罗来纳州夏洛特。该平台对接潜在借款用户与多家贷款机构，可提供贷款、信用卡、存款账户、保险等多种金融产品服务，支持用户对比不同机构的利率与条款，还配套提供金融工具、贷款查询及借贷相关资讯服务。
AON vs TREE — 直观对比
营收规模更大
AON
是对方的13.5倍
$319.7M
营收增速更快
TREE
高出18.6%
3.7%
净利率更高
TREE
高出5.9%
39.4%
自由现金流更多
AON
多$1.3B
$13.5M
两年增速更快
TREE
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $319.7M |
| 净利润 | $1.7B | $144.7M |
| 毛利率 | — | 29.2% |
| 营业利润率 | 28.1% | 7.0% |
| 净利率 | 39.4% | 45.2% |
| 营收同比 | 3.7% | 22.2% |
| 净利润同比 | 136.5% | 1827.2% |
| 每股收益（稀释后） | $7.82 | $10.32 |
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AONTREE
| Q4 25 | $4.3B | $319.7M | ||
| Q3 25 | $4.0B | $307.8M | ||
| Q2 25 | $4.2B | $250.1M | ||
| Q1 25 | $4.7B | $239.7M | ||
| Q4 24 | $4.1B | $261.5M | ||
| Q3 24 | $3.7B | $260.8M | ||
| Q2 24 | $3.8B | $210.1M | ||
| Q1 24 | $4.1B | $167.8M |
净利润AONTREE
| Q4 25 | $1.7B | $144.7M | ||
| Q3 25 | $458.0M | $10.2M | ||
| Q2 25 | $579.0M | $8.9M | ||
| Q1 25 | $965.0M | $-12.4M | ||
| Q4 24 | $716.0M | $7.5M | ||
| Q3 24 | $343.0M | $-58.0M | ||
| Q2 24 | $524.0M | $7.8M | ||
| Q1 24 | $1.1B | $1.0M |
毛利率AONTREE
| Q4 25 | — | 29.2% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 32.9% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 42.0% |
营业利润率AONTREE
| Q4 25 | 28.1% | 7.0% | ||
| Q3 25 | 20.4% | 9.3% | ||
| Q2 25 | 20.7% | 8.4% | ||
| Q1 25 | 30.9% | -3.0% | ||
| Q4 24 | 26.3% | 6.9% | ||
| Q3 24 | 16.7% | 3.8% | ||
| Q2 24 | 17.4% | 4.6% | ||
| Q1 24 | 36.0% | 4.3% |
净利率AONTREE
| Q4 25 | 39.4% | 45.2% | ||
| Q3 25 | 11.5% | 3.3% | ||
| Q2 25 | 13.9% | 3.5% | ||
| Q1 25 | 20.4% | -5.2% | ||
| Q4 24 | 17.3% | 2.9% | ||
| Q3 24 | 9.2% | -22.2% | ||
| Q2 24 | 13.9% | 3.7% | ||
| Q1 24 | 26.3% | 0.6% |
每股收益（稀释后）AONTREE
| Q4 25 | $7.82 | $10.32 | ||
| Q3 25 | $2.11 | $0.73 | ||
| Q2 25 | $2.66 | $0.65 | ||
| Q1 25 | $4.43 | $-0.92 | ||
| Q4 24 | $3.11 | $0.54 | ||
| Q3 24 | $1.57 | $-4.34 | ||
| Q2 24 | $2.46 | $0.58 | ||
| Q1 24 | $5.35 | $0.08 |
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 | $81.1M |
| 总债务越低越好 | $15.2B | — |
| 股东权益账面价值 | $9.4B | $286.8M |
| 总资产 | $50.8B | $855.7M |
| 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AONTREE
| Q4 25 | $2.8B | $81.1M | ||
| Q3 25 | $1.3B | $68.6M | ||
| Q2 25 | $1.4B | $149.1M | ||
| Q1 25 | $1.3B | $126.4M | ||
| Q4 24 | $1.3B | $106.6M | ||
| Q3 24 | $1.3B | $96.8M | ||
| Q2 24 | $1.2B | $66.8M | ||
| Q1 24 | $6.4B | $230.7M |
总债务AONTREE
| Q4 25 | $15.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AONTREE
| Q4 25 | $9.4B | $286.8M | ||
| Q3 25 | $7.9B | $132.4M | ||
| Q2 25 | $7.8B | $118.1M | ||
| Q1 25 | $7.0B | $103.7M | ||
| Q4 24 | $6.1B | $108.8M | ||
| Q3 24 | $6.2B | $94.3M | ||
| Q2 24 | $5.9B | $145.8M | ||
| Q1 24 | $-133.0M | $131.5M |
总资产AONTREE
| Q4 25 | $50.8B | $855.7M | ||
| Q3 25 | $51.6B | $759.9M | ||
| Q2 25 | $54.0B | $835.8M | ||
| Q1 25 | $50.3B | $777.1M | ||
| Q4 24 | $49.0B | $767.7M | ||
| Q3 24 | $49.9B | $787.2M | ||
| Q2 24 | $51.5B | $802.2M | ||
| Q1 24 | $40.8B | $926.7M |
负债/权益比AONTREE
| Q4 25 | 1.63× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.4B | $16.5M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $13.5M |
| 自由现金流率自由现金流/营收 | 30.8% | 4.2% |
| 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× | 0.11× |
| 过去12个月自由现金流最近4个季度 | $3.2B | $60.7M |
8季度趋势，按日历期对齐
经营现金流AONTREE
| Q4 25 | $1.4B | $16.5M | ||
| Q3 25 | $1.1B | $28.8M | ||
| Q2 25 | $796.0M | $28.0M | ||
| Q1 25 | $140.0M | $-210.0K | ||
| Q4 24 | $1.2B | $16.2M | ||
| Q3 24 | $1.0B | $45.3M | ||
| Q2 24 | $513.0M | $-4.9M | ||
| Q1 24 | $309.0M | $5.7M |
自由现金流AONTREE
| Q4 25 | $1.3B | $13.5M | ||
| Q3 25 | $1.1B | $25.6M | ||
| Q2 25 | $732.0M | $25.2M | ||
| Q1 25 | $84.0M | $-3.6M | ||
| Q4 24 | $1.1B | $13.4M | ||
| Q3 24 | $951.0M | $42.3M | ||
| Q2 24 | $460.0M | $-7.7M | ||
| Q1 24 | $261.0M | $3.0M |
自由现金流率AONTREE
| Q4 25 | 30.8% | 4.2% | ||
| Q3 25 | 27.0% | 8.3% | ||
| Q2 25 | 17.6% | 10.1% | ||
| Q1 25 | 1.8% | -1.5% | ||
| Q4 24 | 27.6% | 5.1% | ||
| Q3 24 | 25.6% | 16.2% | ||
| Q2 24 | 12.2% | -3.7% | ||
| Q1 24 | 6.4% | 1.8% |
资本支出强度AONTREE
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 1.7% | 1.1% | ||
| Q2 25 | 1.5% | 1.1% | ||
| Q1 25 | 1.2% | 1.4% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 1.4% | 1.3% | ||
| Q1 24 | 1.2% | 1.6% |
现金转化率AONTREE
| Q4 25 | 0.83× | 0.11× | ||
| Q3 25 | 2.51× | 2.84× | ||
| Q2 25 | 1.37× | 3.15× | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 1.68× | 2.16× | ||
| Q3 24 | 2.95× | — | ||
| Q2 24 | 0.98× | -0.64× | ||
| Q1 24 | 0.29× | 5.62× |
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% |
TREE
| Insurance Segment | $214.6M | 67% |
| Other Consumer | $39.5M | 12% |
| Home Segment | $36.2M | 11% |
| Personal Loans | $29.1M | 9% |
