I've encountered a sentence on English Wiktionary:
The company's 2005 revenue exceeds that of 2004
Can I use one instead of that in the sentence? And that one? And, basically, what is the difference between them from the viewpoint of style?
In The company's 2005 revenue exceeds that of 2004, that is a demonstrative pronoun with 'that of 2004' standing for 'The company's 2004 revenue'.
In My new jacket is better than that one I bought three years ago, that is a determiner, 'singling out' (ie pointing to) the [rest of the] noun clause/group. It is no longer 'stand-alone'.
Using 'that one' doesn't sound right in your example, as the company's yearly revenue is such a unique and well known concept. You could use the construction idiomatically in other circumstances:
This nail extractor is much better than that [stupid] [old] one of John's.