vs
AAON, INC.（AAON）与Axon Enterprise（AXON）财务数据对比。点击上方公司名可切换其他公司
Axon Enterprise的季度营收约是AAON, INC.的1.9倍（$796.7M vs $424.2M）。AAON, INC.净利率更高（7.6% vs 0.3%，领先7.2%）。AAON, INC.同比增速更快（42.5% vs 38.9%）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 27.2%）
AAON公司是商用及工业领域暖通空调设备专业生产商，总部位于美国俄克拉荷马州塔尔萨市，在得克萨斯州朗维尤、密苏里州帕克维尔、俄勒冈州雷德蒙德设有生产基地，全球员工约4000人，年销售额超8.8亿美元。
Axon Enterprise是总部位于美国亚利桑那州斯科茨代尔的企业，面向军队、执法部门及民用市场开发各类武器装备与相关技术产品，业务覆盖公共安全、国防及民用消费等多个领域，为不同用户群体提供适配的产品解决方案。
AAON vs AXON — 直观对比
营收规模更大
AXON
是对方的1.9倍
$424.2M
营收增速更快
AAON
高出3.5%
38.9%
净利率更高
AAON
高出7.2%
0.3%
两年增速更快
AXON
近两年复合增速
27.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $796.7M |
| 净利润 | $32.0M | $2.7M |
| 毛利率 | 25.9% | 57.9% |
| 营业利润率 | 10.4% | -6.3% |
| 净利率 | 7.6% | 0.3% |
| 营收同比 | 42.5% | 38.9% |
| 净利润同比 | 29.7% | -98.0% |
| 每股收益（稀释后） | $0.38 | $0.02 |
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AAONAXON
| Q4 25 | $424.2M | $796.7M | ||
| Q3 25 | $384.2M | $710.6M | ||
| Q2 25 | $311.6M | $668.5M | ||
| Q1 25 | $322.1M | $603.6M | ||
| Q4 24 | $297.7M | $573.4M | ||
| Q3 24 | $327.3M | $544.3M | ||
| Q2 24 | $313.6M | $504.1M | ||
| Q1 24 | $262.1M | $460.7M |
净利润AAONAXON
| Q4 25 | $32.0M | $2.7M | ||
| Q3 25 | $30.8M | $-2.2M | ||
| Q2 25 | $15.5M | $36.1M | ||
| Q1 25 | $29.3M | $88.0M | ||
| Q4 24 | $24.7M | $136.0M | ||
| Q3 24 | $52.6M | $67.0M | ||
| Q2 24 | $52.2M | $40.8M | ||
| Q1 24 | $39.0M | $133.2M |
毛利率AAONAXON
| Q4 25 | 25.9% | 57.9% | ||
| Q3 25 | 27.8% | 60.1% | ||
| Q2 25 | 26.6% | 60.4% | ||
| Q1 25 | 26.8% | 60.6% | ||
| Q4 24 | 26.1% | 60.5% | ||
| Q3 24 | 34.9% | 60.8% | ||
| Q2 24 | 36.1% | 60.3% | ||
| Q1 24 | 35.2% | 56.4% |
营业利润率AAONAXON
| Q4 25 | 10.4% | -6.3% | ||
| Q3 25 | 11.3% | -0.3% | ||
| Q2 25 | 7.6% | -0.2% | ||
| Q1 25 | 10.9% | -1.5% | ||
| Q4 24 | 9.9% | -2.6% | ||
| Q3 24 | 20.0% | 4.4% | ||
| Q2 24 | 21.4% | 6.5% | ||
| Q1 24 | 17.9% | 3.5% |
净利率AAONAXON
| Q4 25 | 7.6% | 0.3% | ||
| Q3 25 | 8.0% | -0.3% | ||
| Q2 25 | 5.0% | 5.4% | ||
| Q1 25 | 9.1% | 14.6% | ||
| Q4 24 | 8.3% | 23.7% | ||
| Q3 24 | 16.1% | 12.3% | ||
| Q2 24 | 16.7% | 8.1% | ||
| Q1 24 | 14.9% | 28.9% |
每股收益（稀释后）AAONAXON
| Q4 25 | $0.38 | $0.02 | ||
| Q3 25 | $0.37 | $-0.03 | ||
| Q2 25 | $0.19 | $0.44 | ||
| Q1 25 | $0.35 | $1.08 | ||
| Q4 24 | $0.31 | $1.68 | ||
| Q3 24 | $0.63 | $0.86 | ||
| Q2 24 | $0.62 | $0.53 | ||
| Q1 24 | $0.46 | $1.73 |
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 | $13.0K | $1.7B |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $895.0M | $3.2B |
| 总资产 | $1.7B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资AAONAXON
| Q4 25 | $13.0K | $1.7B | ||
| Q3 25 | $1.0M | $2.4B | ||
| Q2 25 | $14.0K | $2.1B | ||
| Q1 25 | $994.0K | $2.2B | ||
| Q4 24 | $14.0K | $788.1M | ||
| Q3 24 | $15.0K | $1.0B | ||
| Q2 24 | $13.0K | $968.9M | ||
| Q1 24 | $8.4M | $964.1M |
总债务AAONAXON
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $680.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AAONAXON
| Q4 25 | $895.0M | $3.2B | ||
| Q3 25 | $863.1M | $3.0B | ||
| Q2 25 | $832.7M | $2.7B | ||
| Q1 25 | $815.9M | $2.6B | ||
| Q4 24 | $824.6M | $2.3B | ||
| Q3 24 | $796.9M | $2.1B | ||
| Q2 24 | $740.5M | $1.9B | ||
| Q1 24 | $784.8M | $1.8B |
总资产AAONAXON
| Q4 25 | $1.7B | $7.0B | ||
| Q3 25 | $1.5B | $6.7B | ||
| Q2 25 | $1.4B | $6.2B | ||
| Q1 25 | $1.3B | $6.1B | ||
| Q4 24 | $1.2B | $4.5B | ||
| Q3 24 | $1.0B | $4.0B | ||
| Q2 24 | $1.0B | $3.7B | ||
| Q1 24 | $952.9M | $3.6B |
负债/权益比AAONAXON
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 0.29× | ||
| 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 | $19.3M | $217.2M |
| 自由现金流经营现金流 - 资本支出 | — | $155.4M |
| 自由现金流率自由现金流/营收 | — | 19.5% |
| 资本支出强度资本支出/营收 | — | 7.8% |
| 现金转化率经营现金流/净利润 | 0.60× | 79.14× |
| 过去12个月自由现金流最近4个季度 | — | $75.1M |
8季度趋势，按日历期对齐
经营现金流AAONAXON
| Q4 25 | $19.3M | $217.2M | ||
| Q3 25 | $12.3M | $60.0M | ||
| Q2 25 | $-21.8M | $-91.7M | ||
| Q1 25 | $-9.2M | $25.8M | ||
| Q4 24 | $845.0K | $250.2M | ||
| Q3 24 | $63.8M | $91.3M | ||
| Q2 24 | $35.5M | $82.8M | ||
| Q1 24 | $92.4M | $-15.9M |
自由现金流AAONAXON
| Q4 25 | — | $155.4M | ||
| Q3 25 | — | $33.4M | ||
| Q2 25 | — | $-114.7M | ||
| Q1 25 | — | $932.0K | ||
| Q4 24 | — | $225.4M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $71.4M | ||
| Q1 24 | — | $-32.1M |
自由现金流率AAONAXON
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | -17.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | -7.0% |
资本支出强度AAONAXON
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 3.5% |
现金转化率AAONAXON
| Q4 25 | 0.60× | 79.14× | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | -1.41× | -2.54× | ||
| Q1 25 | -0.31× | 0.29× | ||
| Q4 24 | 0.03× | 1.84× | ||
| Q3 24 | 1.21× | 1.36× | ||
| Q2 24 | 0.68× | 2.03× | ||
| Q1 24 | 2.37× | -0.12× |
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
AAON
| AAON Oklahoma | $215.5M | 51% |
| Bas X | $106.1M | 25% |
| AAON Coil Products | $102.6M | 24% |
AXON
| Software And Sensors Segment | $342.5M | 43% |
| TASER Devices Professional | $264.2M | 33% |
| Personal Sensors | $109.1M | 14% |
| Platform Solutions | $80.9M | 10% |
