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Axon Enterprise（AXON）与Bally's Corp（BALY）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Bally's Corp的1.1倍（$796.7M vs $746.2M），Axon Enterprise净利率更高（0.3% vs -47.3%，领先47.7%），Axon Enterprise同比增速更快（38.9% vs 28.6%），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 9.8%）
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。
巴利公司是总部位于美国罗德岛州普罗维登斯的博彩、体育投注与互动娱乐企业。目前该公司在美国11个州运营19家赌场，在科罗拉多州拥有一座赛马场，在纽约州拥有一座高尔夫球场，同时在全美14个州开展线上体育投注业务，还通过子公司在澳大利亚两个州运营两处产业。
AXON vs BALY — 直观对比
营收规模更大
AXON
是对方的1.1倍
$746.2M
营收增速更快
AXON
高出10.4%
28.6%
净利率更高
AXON
高出47.7%
-47.3%
两年增速更快
AXON
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $746.2M |
| 净利润 | $2.7M | $-353.2M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | -36.8% |
| 净利率 | 0.3% | -47.3% |
| 营收同比 | 38.9% | 28.6% |
| 净利润同比 | -98.0% | -311.8% |
| 每股收益（稀释后） | $0.02 | $-5.84 |
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AXONBALY
| Q4 25 | $796.7M | $746.2M | ||
| Q3 25 | $710.6M | $663.7M | ||
| Q2 25 | $668.5M | $657.5M | ||
| Q1 25 | $603.6M | $368.7M | ||
| Q4 24 | $573.4M | $580.4M | ||
| Q3 24 | $544.3M | $630.0M | ||
| Q2 24 | $504.1M | $621.7M | ||
| Q1 24 | $460.7M | $618.5M |
净利润AXONBALY
| Q4 25 | $2.7M | $-353.2M | ||
| Q3 25 | $-2.2M | $-102.9M | ||
| Q2 25 | $36.1M | $-228.4M | ||
| Q1 25 | $88.0M | $34.5M | ||
| Q4 24 | $136.0M | $-85.8M | ||
| Q3 24 | $67.0M | $-247.9M | ||
| Q2 24 | $40.8M | $-60.2M | ||
| Q1 24 | $133.2M | $-173.9M |
毛利率AXONBALY
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | — | ||
| Q2 24 | 60.3% | — | ||
| Q1 24 | 56.4% | — |
营业利润率AXONBALY
| Q4 25 | -6.3% | -36.8% | ||
| Q3 25 | -0.3% | 0.1% | ||
| Q2 25 | -0.2% | -0.4% | ||
| Q1 25 | -1.5% | -0.5% | ||
| Q4 24 | -2.6% | -5.6% | ||
| Q3 24 | 4.4% | -25.0% | ||
| Q2 24 | 6.5% | 0.9% | ||
| Q1 24 | 3.5% | -12.0% |
净利率AXONBALY
| Q4 25 | 0.3% | -47.3% | ||
| Q3 25 | -0.3% | -15.5% | ||
| Q2 25 | 5.4% | -34.7% | ||
| Q1 25 | 14.6% | 9.4% | ||
| Q4 24 | 23.7% | -14.8% | ||
| Q3 24 | 12.3% | -39.3% | ||
| Q2 24 | 8.1% | -9.7% | ||
| Q1 24 | 28.9% | -28.1% |
每股收益（稀释后）AXONBALY
| Q4 25 | $0.02 | $-5.84 | ||
| Q3 25 | $-0.03 | $-1.70 | ||
| Q2 25 | $0.44 | $-3.76 | ||
| Q1 25 | $1.08 | $0.57 | ||
| Q4 24 | $1.68 | $-1.76 | ||
| Q3 24 | $0.86 | $-5.10 | ||
| Q2 24 | $0.53 | $-1.24 | ||
| Q1 24 | $1.73 | $-3.61 |
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 | $798.4M |
| 总债务越低越好 | $1.8B | $4.5B |
| 股东权益账面价值 | $3.2B | $994.7M |
| 总资产 | $7.0B | $11.2B |
| 负债/权益比越低杠杆越低 | 0.56× | 4.52× |
8季度趋势，按日历期对齐
现金及短期投资AXONBALY
| Q4 25 | $1.7B | $798.4M | ||
| Q3 25 | $2.4B | $160.7M | ||
| Q2 25 | $2.1B | $174.6M | ||
| Q1 25 | $2.2B | $209.7M | ||
| Q4 24 | $788.1M | $171.2M | ||
| Q3 24 | $1.0B | $191.0M | ||
| Q2 24 | $968.9M | $154.7M | ||
| Q1 24 | $964.1M | $169.4M |
总债务AXONBALY
| Q4 25 | $1.8B | $4.5B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $2.0B | $3.6B | ||
| Q1 25 | $2.0B | $3.5B | ||
| Q4 24 | $680.3M | $3.3B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.7B |
股东权益AXONBALY
| Q4 25 | $3.2B | $994.7M | ||
| Q3 25 | $3.0B | $521.5M | ||
| Q2 25 | $2.7B | $630.1M | ||
| Q1 25 | $2.6B | $796.5M | ||
| Q4 24 | $2.3B | $30.9M | ||
| Q3 24 | $2.1B | $233.4M | ||
| Q2 24 | $1.9B | $393.1M | ||
| Q1 24 | $1.8B | $449.4M |
总资产AXONBALY
| Q4 25 | $7.0B | $11.2B | ||
| Q3 25 | $6.7B | $7.6B | ||
| Q2 25 | $6.2B | $7.8B | ||
| Q1 25 | $6.1B | $7.5B | ||
| Q4 24 | $4.5B | $5.9B | ||
| Q3 24 | $4.0B | $6.4B | ||
| Q2 24 | $3.7B | $6.6B | ||
| Q1 24 | $3.6B | $6.6B |
负债/权益比AXONBALY
| Q4 25 | 0.56× | 4.52× | ||
| Q3 25 | 0.66× | 7.17× | ||
| Q2 25 | 0.73× | 5.68× | ||
| Q1 25 | 0.79× | 4.33× | ||
| Q4 24 | 0.29× | 107.40× | ||
| Q3 24 | — | 15.73× | ||
| Q2 24 | — | 9.34× | ||
| Q1 24 | — | 8.19× |
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 | — |
| 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% | 5.1% |
| 现金转化率经营现金流/净利润 | 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AXONBALY
| Q4 25 | $217.2M | — | ||
| Q3 25 | $60.0M | $-88.6M | ||
| Q2 25 | $-91.7M | — | ||
| Q1 25 | $25.8M | $42.0M | ||
| Q4 24 | $250.2M | $37.8M | ||
| Q3 24 | $91.3M | $36.5M | ||
| Q2 24 | $82.8M | $47.6M | ||
| Q1 24 | $-15.9M | $-7.9M |
自由现金流AXONBALY
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | $-139.3M | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | $11.5M | ||
| Q4 24 | $225.4M | $-5.9M | ||
| Q3 24 | $64.8M | $-55.8M | ||
| Q2 24 | $71.4M | $11.8M | ||
| Q1 24 | $-32.1M | $-35.9M |
自由现金流率AXONBALY
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | -21.0% | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | 3.1% | ||
| Q4 24 | 39.3% | -1.0% | ||
| Q3 24 | 11.9% | -8.9% | ||
| Q2 24 | 14.2% | 1.9% | ||
| Q1 24 | -7.0% | -5.8% |
资本支出强度AXONBALY
| Q4 25 | 7.8% | 5.1% | ||
| Q3 25 | 3.7% | 7.6% | ||
| Q2 25 | 3.4% | 7.4% | ||
| Q1 25 | 4.1% | 8.3% | ||
| Q4 24 | 4.3% | 7.5% | ||
| Q3 24 | 4.9% | 14.7% | ||
| Q2 24 | 2.2% | 5.7% | ||
| Q1 24 | 3.5% | 4.5% |
现金转化率AXONBALY
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | 1.22× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -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
AXON
| Software And Sensors Segment | $342.5M | 43% |
| TASER Devices Professional | $264.2M | 33% |
| Personal Sensors | $109.1M | 14% |
| Platform Solutions | $80.9M | 10% |
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
