vs
Axon Enterprise（AXON）与AZZ INC（AZZ）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AZZ INC的2.1倍（$796.7M vs $385.1M）。AZZ INC净利率更高（4.1% vs 0.3%，领先3.8%）。Axon Enterprise同比增速更快（38.9% vs -75.6%）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs -3.5%）
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。
AZZ公司是全球领先的金属防护解决方案供应商，主营热浸镀锌、表面涂层处理服务及特种电气、工业零部件，主要服务于北美及其他核心国际市场的建筑、能源、基建、制造等下游领域。
AXON vs AZZ — 直观对比
营收规模更大
AXON
是对方的2.1倍
$385.1M
营收增速更快
AXON
高出114.5%
-75.6%
净利率更高
AZZ
高出3.8%
0.3%
两年增速更快
AXON
近两年复合增速
-3.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $385.1M |
| 净利润 | $2.7M | $15.9M |
| 毛利率 | 57.9% | 22.7% |
| 营业利润率 | -6.3% | 14.8% |
| 净利率 | 0.3% | 4.1% |
| 营收同比 | 38.9% | -75.6% |
| 净利润同比 | -98.0% | -21.2% |
| 每股收益（稀释后） | $0.02 | $0.53 |
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AXONAZZ
| Q4 26 | — | $385.1M | ||
| Q4 25 | $796.7M | $425.7M | ||
| Q3 25 | $710.6M | $417.3M | ||
| Q2 25 | $668.5M | $422.0M | ||
| Q1 25 | $603.6M | $351.9M | ||
| Q4 24 | $573.4M | $403.7M | ||
| Q3 24 | $544.3M | $409.0M | ||
| Q2 24 | $504.1M | $413.2M |
净利润AXONAZZ
| Q4 26 | — | $15.9M | ||
| Q4 25 | $2.7M | $41.1M | ||
| Q3 25 | $-2.2M | $89.3M | ||
| Q2 25 | $36.1M | $170.9M | ||
| Q1 25 | $88.0M | $20.2M | ||
| Q4 24 | $136.0M | $33.6M | ||
| Q3 24 | $67.0M | $35.4M | ||
| Q2 24 | $40.8M | $39.6M |
毛利率AXONAZZ
| Q4 26 | — | 22.7% | ||
| Q4 25 | 57.9% | 23.9% | ||
| Q3 25 | 60.1% | 24.3% | ||
| Q2 25 | 60.4% | 24.7% | ||
| Q1 25 | 60.6% | 22.4% | ||
| Q4 24 | 60.5% | 24.2% | ||
| Q3 24 | 60.8% | 25.3% | ||
| Q2 24 | 60.3% | 24.8% |
营业利润率AXONAZZ
| Q4 26 | — | 14.8% | ||
| Q4 25 | -6.3% | 16.3% | ||
| Q3 25 | -0.3% | 16.4% | ||
| Q2 25 | -0.2% | 16.5% | ||
| Q1 25 | -1.5% | 11.5% | ||
| Q4 24 | -2.6% | 14.5% | ||
| Q3 24 | 4.4% | 16.5% | ||
| Q2 24 | 6.5% | 16.9% |
净利率AXONAZZ
| Q4 26 | — | 4.1% | ||
| Q4 25 | 0.3% | 9.6% | ||
| Q3 25 | -0.3% | 21.4% | ||
| Q2 25 | 5.4% | 40.5% | ||
| Q1 25 | 14.6% | 5.7% | ||
| Q4 24 | 23.7% | 8.3% | ||
| Q3 24 | 12.3% | 8.7% | ||
| Q2 24 | 8.1% | 9.6% |
每股收益（稀释后）AXONAZZ
| Q4 26 | — | $0.53 | ||
| Q4 25 | $0.02 | $1.36 | ||
| Q3 25 | $-0.03 | $2.95 | ||
| Q2 25 | $0.44 | $5.66 | ||
| Q1 25 | $1.08 | $0.87 | ||
| Q4 24 | $1.68 | $1.12 | ||
| Q3 24 | $0.86 | $1.18 | ||
| Q2 24 | $0.53 | $-1.38 |
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 | $1.7B | — |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $1.3B |
| 总资产 | $7.0B | $2.2B |
| 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AXONAZZ
| Q4 26 | — | — | ||
| Q4 25 | $1.7B | $623.0K | ||
| Q3 25 | $2.4B | $897.0K | ||
| Q2 25 | $2.1B | $3.0M | ||
| Q1 25 | $2.2B | $1.5M | ||
| Q4 24 | $788.1M | $1.5M | ||
| Q3 24 | $1.0B | $2.2M | ||
| Q2 24 | $968.9M | $10.5M |
总债务AXONAZZ
| Q4 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AXONAZZ
| Q4 26 | — | $1.3B | ||
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.1B | $999.8M | ||
| Q2 24 | $1.9B | $967.2M |
总资产AXONAZZ
| Q4 26 | — | $2.2B | ||
| Q4 25 | $7.0B | $2.2B | ||
| Q3 25 | $6.7B | $2.2B | ||
| Q2 25 | $6.2B | $2.2B | ||
| Q1 25 | $6.1B | $2.2B | ||
| Q4 24 | $4.5B | $2.2B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $3.7B | $2.2B |
负债/权益比AXONAZZ
| Q4 26 | — | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $217.2M | $525.4M |
| 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 | 79.14× | 32.98× |
| 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AXONAZZ
| Q4 26 | — | $525.4M | ||
| Q4 25 | $217.2M | $79.7M | ||
| Q3 25 | $60.0M | $58.4M | ||
| Q2 25 | $-91.7M | $314.8M | ||
| Q1 25 | $25.8M | — | ||
| Q4 24 | $250.2M | $66.2M | ||
| Q3 24 | $91.3M | $47.5M | ||
| Q2 24 | $82.8M | $71.9M |
自由现金流AXONAZZ
| Q4 26 | — | — | ||
| Q4 25 | $155.4M | $61.2M | ||
| Q3 25 | $33.4M | $39.1M | ||
| Q2 25 | $-114.7M | $293.9M | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | $39.7M | ||
| Q3 24 | $64.8M | $15.4M | ||
| Q2 24 | $71.4M | $44.5M |
自由现金流率AXONAZZ
| Q4 26 | — | — | ||
| Q4 25 | 19.5% | 14.4% | ||
| Q3 25 | 4.7% | 9.4% | ||
| Q2 25 | -17.2% | 69.6% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | 9.8% | ||
| Q3 24 | 11.9% | 3.8% | ||
| Q2 24 | 14.2% | 10.8% |
资本支出强度AXONAZZ
| Q4 26 | — | — | ||
| Q4 25 | 7.8% | 4.4% | ||
| Q3 25 | 3.7% | 4.6% | ||
| Q2 25 | 3.4% | 5.0% | ||
| Q1 25 | 4.1% | 8.5% | ||
| Q4 24 | 4.3% | 6.6% | ||
| Q3 24 | 4.9% | 7.8% | ||
| Q2 24 | 2.2% | 6.6% |
现金转化率AXONAZZ
| Q4 26 | — | 32.98× | ||
| Q4 25 | 79.14× | 1.94× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | -2.54× | 1.84× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | 1.97× | ||
| Q3 24 | 1.36× | 1.34× | ||
| Q2 24 | 2.03× | 1.82× |
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
AXON
| Software And Sensors Segment | $342.5M | 43% |
| TASER Devices Professional | $264.2M | 33% |
| Personal Sensors | $109.1M | 14% |
| Platform Solutions | $80.9M | 10% |
AZZ
| Precoat Metals | $203.5M | 53% |
| Metal Coatings | $186.5M | 48% |
