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Arcosa, Inc.（ACA）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Arcosa, Inc.的1.1倍（$796.7M vs $716.7M）。Arcosa, Inc.净利率更高（7.3% vs 0.3%，领先6.9%）。Axon Enterprise同比增速更快（38.9% vs 7.6%）。Axon Enterprise自由现金流更多（$155.4M vs $55.8M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
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。
ACA vs AXON — 直观对比
营收规模更大
AXON
是对方的1.1倍
$716.7M
营收增速更快
AXON
高出31.4%
7.6%
净利率更高
ACA
高出6.9%
0.3%
自由现金流更多
AXON
多$99.6M
$55.8M
两年增速更快
AXON
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $796.7M |
| 净利润 | $52.1M | $2.7M |
| 毛利率 | 22.9% | 57.9% |
| 营业利润率 | 11.0% | -6.3% |
| 净利率 | 7.3% | 0.3% |
| 营收同比 | 7.6% | 38.9% |
| 净利润同比 | 776.6% | -98.0% |
| 每股收益（稀释后） | $1.06 | $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ACAAXON
| Q4 25 | $716.7M | $796.7M | ||
| Q3 25 | $797.8M | $710.6M | ||
| Q2 25 | $736.9M | $668.5M | ||
| Q1 25 | $632.0M | $603.6M | ||
| Q4 24 | $666.2M | $573.4M | ||
| Q3 24 | $640.4M | $544.3M | ||
| Q2 24 | $664.7M | $504.1M | ||
| Q1 24 | $598.6M | $460.7M |
净利润ACAAXON
| Q4 25 | $52.1M | $2.7M | ||
| Q3 25 | $73.0M | $-2.2M | ||
| Q2 25 | $59.7M | $36.1M | ||
| Q1 25 | $23.6M | $88.0M | ||
| Q4 24 | $-7.7M | $136.0M | ||
| Q3 24 | $16.6M | $67.0M | ||
| Q2 24 | $45.6M | $40.8M | ||
| Q1 24 | $39.2M | $133.2M |
毛利率ACAAXON
| Q4 25 | 22.9% | 57.9% | ||
| Q3 25 | 24.1% | 60.1% | ||
| Q2 25 | 22.5% | 60.4% | ||
| Q1 25 | 19.8% | 60.6% | ||
| Q4 24 | 19.3% | 60.5% | ||
| Q3 24 | 21.3% | 60.8% | ||
| Q2 24 | 20.8% | 60.3% | ||
| Q1 24 | 18.6% | 56.4% |
营业利润率ACAAXON
| Q4 25 | 11.0% | -6.3% | ||
| Q3 25 | 14.1% | -0.3% | ||
| Q2 25 | 12.9% | -0.2% | ||
| Q1 25 | 8.8% | -1.5% | ||
| Q4 24 | 6.5% | -2.6% | ||
| Q3 24 | 5.3% | 4.4% | ||
| Q2 24 | 10.1% | 6.5% | ||
| Q1 24 | 8.9% | 3.5% |
净利率ACAAXON
| Q4 25 | 7.3% | 0.3% | ||
| Q3 25 | 9.2% | -0.3% | ||
| Q2 25 | 8.1% | 5.4% | ||
| Q1 25 | 3.7% | 14.6% | ||
| Q4 24 | -1.2% | 23.7% | ||
| Q3 24 | 2.6% | 12.3% | ||
| Q2 24 | 6.9% | 8.1% | ||
| Q1 24 | 6.5% | 28.9% |
每股收益（稀释后）ACAAXON
| Q4 25 | $1.06 | $0.02 | ||
| Q3 25 | $1.48 | $-0.03 | ||
| Q2 25 | $1.22 | $0.44 | ||
| Q1 25 | $0.48 | $1.08 | ||
| Q4 24 | $-0.16 | $1.68 | ||
| Q3 24 | $0.34 | $0.86 | ||
| Q2 24 | $0.93 | $0.53 | ||
| Q1 24 | $0.80 | $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 | $214.6M | $1.7B |
| 总债务越低越好 | $1.5B | $1.8B |
| 股东权益账面价值 | $2.6B | $3.2B |
| 总资产 | $5.0B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资ACAAXON
| Q4 25 | $214.6M | $1.7B | ||
| Q3 25 | $220.0M | $2.4B | ||
| Q2 25 | $189.7M | $2.1B | ||
| Q1 25 | $167.9M | $2.2B | ||
| Q4 24 | $187.3M | $788.1M | ||
| Q3 24 | $756.8M | $1.0B | ||
| Q2 24 | $103.7M | $968.9M | ||
| Q1 24 | $176.5M | $964.1M |
总债务ACAAXON
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $1.7B | $680.3M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
股东权益ACAAXON
| Q4 25 | $2.6B | $3.2B | ||
| Q3 25 | $2.6B | $3.0B | ||
| Q2 25 | $2.5B | $2.7B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $2.4B | $1.9B | ||
| Q1 24 | $2.4B | $1.8B |
总资产ACAAXON
| Q4 25 | $5.0B | $7.0B | ||
| Q3 25 | $5.1B | $6.7B | ||
| Q2 25 | $5.0B | $6.2B | ||
| Q1 25 | $4.9B | $6.1B | ||
| Q4 24 | $4.9B | $4.5B | ||
| Q3 24 | $4.4B | $4.0B | ||
| Q2 24 | $3.8B | $3.7B | ||
| Q1 24 | $3.7B | $3.6B |
负债/权益比ACAAXON
| Q4 25 | 0.57× | 0.56× | ||
| Q3 25 | 0.61× | 0.66× | ||
| Q2 25 | 0.67× | 0.73× | ||
| Q1 25 | 0.68× | 0.79× | ||
| Q4 24 | 0.69× | 0.29× | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
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 | $120.0M | $217.2M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $155.4M |
| 自由现金流率自由现金流/营收 | 7.8% | 19.5% |
| 资本支出强度资本支出/营收 | 9.0% | 7.8% |
| 现金转化率经营现金流/净利润 | 2.30× | 79.14× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $75.1M |
8季度趋势，按日历期对齐
经营现金流ACAAXON
| Q4 25 | $120.0M | $217.2M | ||
| Q3 25 | $160.6M | $60.0M | ||
| Q2 25 | $61.2M | $-91.7M | ||
| Q1 25 | $-700.0K | $25.8M | ||
| Q4 24 | $248.2M | $250.2M | ||
| Q3 24 | $135.0M | $91.3M | ||
| Q2 24 | $38.3M | $82.8M | ||
| Q1 24 | $80.5M | $-15.9M |
自由现金流ACAAXON
| Q4 25 | $55.8M | $155.4M | ||
| Q3 25 | $121.0M | $33.4M | ||
| Q2 25 | $33.4M | $-114.7M | ||
| Q1 25 | $-34.7M | $932.0K | ||
| Q4 24 | $194.9M | $225.4M | ||
| Q3 24 | $100.6M | $64.8M | ||
| Q2 24 | $-9.3M | $71.4M | ||
| Q1 24 | $26.1M | $-32.1M |
自由现金流率ACAAXON
| Q4 25 | 7.8% | 19.5% | ||
| Q3 25 | 15.2% | 4.7% | ||
| Q2 25 | 4.5% | -17.2% | ||
| Q1 25 | -5.5% | 0.2% | ||
| Q4 24 | 29.3% | 39.3% | ||
| Q3 24 | 15.7% | 11.9% | ||
| Q2 24 | -1.4% | 14.2% | ||
| Q1 24 | 4.4% | -7.0% |
资本支出强度ACAAXON
| Q4 25 | 9.0% | 7.8% | ||
| Q3 25 | 5.0% | 3.7% | ||
| Q2 25 | 3.8% | 3.4% | ||
| Q1 25 | 5.4% | 4.1% | ||
| Q4 24 | 8.0% | 4.3% | ||
| Q3 24 | 5.4% | 4.9% | ||
| Q2 24 | 7.2% | 2.2% | ||
| Q1 24 | 9.1% | 3.5% |
现金转化率ACAAXON
| Q4 25 | 2.30× | 79.14× | ||
| Q3 25 | 2.20× | — | ||
| Q2 25 | 1.03× | -2.54× | ||
| Q1 25 | -0.03× | 0.29× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | 8.13× | 1.36× | ||
| Q2 24 | 0.84× | 2.03× | ||
| Q1 24 | 2.05× | -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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
AXON
| Software And Sensors Segment | $342.5M | 43% |
| TASER Devices Professional | $264.2M | 33% |
| Personal Sensors | $109.1M | 14% |
| Platform Solutions | $80.9M | 10% |
