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Axos Financial, Inc.（AX）与IPG PHOTONICS CORP（IPGP）财务数据对比。点击上方公司名可切换其他公司
Axos Financial, Inc.的季度营收约是IPG PHOTONICS CORP的1.4倍（$392.2M vs $274.5M），Axos Financial, Inc.净利率更高（31.8% vs 4.8%，领先27.0%），过去两年Axos Financial, Inc.的营收复合增速更高（16.1% vs 4.4%）
Axos Financial是总部位于美国内华达州拉斯维加斯的银行控股公司，旗下拥有直销银行Axos Bank，同时提供注册投资顾问服务及电子交易平台，深耕数字化金融赛道，可为用户提供多元便捷的金融服务解决方案。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
AX vs IPGP — 直观对比
营收规模更大
AX
是对方的1.4倍
$274.5M
净利率更高
AX
高出27.0%
4.8%
两年增速更快
AX
近两年复合增速
4.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $392.2M | $274.5M |
| 净利润 | $124.7M | $13.3M |
| 毛利率 | — | 36.1% |
| 营业利润率 | — | 1.2% |
| 净利率 | 31.8% | 4.8% |
| 营收同比 | — | 17.1% |
| 净利润同比 | 18.5% | 69.8% |
| 每股收益（稀释后） | $2.15 | $0.30 |
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AXIPGP
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | $274.5M | ||
| Q3 25 | $323.4M | $250.8M | ||
| Q2 25 | $321.4M | $250.7M | ||
| Q1 25 | $308.8M | $227.8M | ||
| Q4 24 | $307.9M | $234.3M | ||
| Q3 24 | $320.7M | $233.1M | ||
| Q2 24 | $290.9M | $257.6M |
净利润AXIPGP
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $13.3M | ||
| Q3 25 | $112.4M | $7.5M | ||
| Q2 25 | $110.7M | $6.6M | ||
| Q1 25 | $105.2M | $3.8M | ||
| Q4 24 | $104.7M | $7.8M | ||
| Q3 24 | $112.3M | $-233.6M | ||
| Q2 24 | $104.9M | $20.2M |
毛利率AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% |
营业利润率AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 1.2% | ||
| Q3 25 | 46.3% | 3.1% | ||
| Q2 25 | 48.5% | 0.0% | ||
| Q1 25 | 47.9% | 0.8% | ||
| Q4 24 | 48.8% | 6.0% | ||
| Q3 24 | 49.6% | -108.7% | ||
| Q2 24 | 49.6% | 4.7% |
净利率AXIPGP
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 4.8% | ||
| Q3 25 | 34.7% | 3.0% | ||
| Q2 25 | 34.4% | 2.6% | ||
| Q1 25 | 34.1% | 1.6% | ||
| Q4 24 | 34.0% | 3.3% | ||
| Q3 24 | 35.0% | -100.2% | ||
| Q2 24 | 36.0% | 7.8% |
每股收益（稀释后）AXIPGP
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $0.30 | ||
| Q3 25 | $1.94 | $0.18 | ||
| Q2 25 | $1.89 | $0.16 | ||
| Q1 25 | $1.81 | $0.09 | ||
| Q4 24 | $1.80 | $0.27 | ||
| Q3 24 | $1.93 | $-5.33 | ||
| Q2 24 | $1.75 | $0.45 |
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 | — | $839.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.1B | $2.1B |
| 总资产 | $29.2B | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $839.3M | ||
| Q3 25 | $2.6B | $870.4M | ||
| Q2 25 | $1.9B | $899.6M | ||
| Q1 25 | $2.0B | $926.9M | ||
| Q4 24 | $2.4B | $930.2M | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $2.0B | $1.1B |
总债务AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
股东权益AXIPGP
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | $2.8B | $2.1B | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $2.3B | $2.3B |
总资产AXIPGP
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $2.4B | ||
| Q3 25 | $27.4B | $2.4B | ||
| Q2 25 | $24.8B | $2.4B | ||
| Q1 25 | $24.0B | $2.3B | ||
| Q4 24 | $23.7B | $2.3B | ||
| Q3 24 | $23.6B | $2.4B | ||
| Q2 24 | $22.9B | $2.5B |
负债/权益比AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
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 | — | $28.8M |
| 自由现金流经营现金流 - 资本支出 | — | $10.9M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | — | 6.5% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $-3.5M |
8季度趋势，按日历期对齐
经营现金流AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $28.8M | ||
| Q3 25 | $118.4M | $35.3M | ||
| Q2 25 | $490.3M | $-2.2M | ||
| Q1 25 | $73.7M | $13.4M | ||
| Q4 24 | $162.5M | $73.8M | ||
| Q3 24 | $70.8M | $66.1M | ||
| Q2 24 | $305.5M | $53.5M |
自由现金流AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $10.9M | ||
| Q3 25 | $109.3M | $14.6M | ||
| Q2 25 | $436.1M | $-17.6M | ||
| Q1 25 | $65.1M | $-11.4M | ||
| Q4 24 | $156.4M | $50.6M | ||
| Q3 24 | $53.0M | $43.0M | ||
| Q2 24 | $269.5M | $29.2M |
自由现金流率AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 4.0% | ||
| Q3 25 | 33.8% | 5.8% | ||
| Q2 25 | 135.7% | -7.0% | ||
| Q1 25 | 21.1% | -5.0% | ||
| Q4 24 | 50.8% | 21.6% | ||
| Q3 24 | 16.5% | 18.4% | ||
| Q2 24 | 92.6% | 11.3% |
资本支出强度AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 6.5% | ||
| Q3 25 | 2.8% | 8.3% | ||
| Q2 25 | 16.9% | 6.1% | ||
| Q1 25 | 2.8% | 10.9% | ||
| Q4 24 | 2.0% | 9.9% | ||
| Q3 24 | 5.5% | 9.9% | ||
| Q2 24 | 12.4% | 9.4% |
现金转化率AXIPGP
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 2.17× | ||
| Q3 25 | 1.05× | 4.73× | ||
| Q2 25 | 4.43× | -0.34× | ||
| Q1 25 | 0.70× | 3.58× | ||
| Q4 24 | 1.55× | 9.44× | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | 2.65× |
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
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
