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Axon Enterprise（AXON）与CLEAN HARBORS INC（CLH）财务数据对比。点击上方公司名可切换其他公司
CLEAN HARBORS INC的季度营收约是Axon Enterprise的1.9倍（$1.5B vs $796.7M）。CLEAN HARBORS INC净利率更高（5.8% vs 0.3%，领先5.4%）。Axon Enterprise同比增速更快（38.9% vs 4.8%）。CLEAN HARBORS INC自由现金流更多（$233.3M vs $155.4M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 4.4%）
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。
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
AXON vs CLH — 直观对比
营收规模更大
CLH
是对方的1.9倍
$796.7M
营收增速更快
AXON
高出34.2%
4.8%
净利率更高
CLH
高出5.4%
0.3%
自由现金流更多
CLH
多$77.9M
$155.4M
两年增速更快
AXON
近两年复合增速
4.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.5B |
| 净利润 | $2.7M | $86.6M |
| 毛利率 | 57.9% | 30.6% |
| 营业利润率 | -6.3% | 10.6% |
| 净利率 | 0.3% | 5.8% |
| 营收同比 | 38.9% | 4.8% |
| 净利润同比 | -98.0% | 3.1% |
| 每股收益（稀释后） | $0.02 | $1.62 |
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AXONCLH
| Q4 25 | $796.7M | $1.5B | ||
| Q3 25 | $710.6M | $1.5B | ||
| Q2 25 | $668.5M | $1.5B | ||
| Q1 25 | $603.6M | $1.4B | ||
| Q4 24 | $573.4M | $1.4B | ||
| Q3 24 | $544.3M | $1.5B | ||
| Q2 24 | $504.1M | $1.6B | ||
| Q1 24 | $460.7M | $1.4B |
净利润AXONCLH
| Q4 25 | $2.7M | $86.6M | ||
| Q3 25 | $-2.2M | $118.8M | ||
| Q2 25 | $36.1M | $126.9M | ||
| Q1 25 | $88.0M | $58.7M | ||
| Q4 24 | $136.0M | $84.0M | ||
| Q3 24 | $67.0M | $115.2M | ||
| Q2 24 | $40.8M | $133.3M | ||
| Q1 24 | $133.2M | $69.8M |
毛利率AXONCLH
| Q4 25 | 57.9% | 30.6% | ||
| Q3 25 | 60.1% | 32.3% | ||
| Q2 25 | 60.4% | 33.3% | ||
| Q1 25 | 60.6% | 28.6% | ||
| Q4 24 | 60.5% | 29.9% | ||
| Q3 24 | 60.8% | 31.0% | ||
| Q2 24 | 60.3% | 33.3% | ||
| Q1 24 | 56.4% | 29.5% |
营业利润率AXONCLH
| Q4 25 | -6.3% | 10.6% | ||
| Q3 25 | -0.3% | 12.5% | ||
| Q2 25 | -0.2% | 13.6% | ||
| Q1 25 | -1.5% | 7.8% | ||
| Q4 24 | -2.6% | 9.6% | ||
| Q3 24 | 4.4% | 12.6% | ||
| Q2 24 | 6.5% | 13.9% | ||
| Q1 24 | 3.5% | 9.1% |
净利率AXONCLH
| Q4 25 | 0.3% | 5.8% | ||
| Q3 25 | -0.3% | 7.7% | ||
| Q2 25 | 5.4% | 8.2% | ||
| Q1 25 | 14.6% | 4.1% | ||
| Q4 24 | 23.7% | 5.9% | ||
| Q3 24 | 12.3% | 7.5% | ||
| Q2 24 | 8.1% | 8.6% | ||
| Q1 24 | 28.9% | 5.1% |
每股收益（稀释后）AXONCLH
| Q4 25 | $0.02 | $1.62 | ||
| Q3 25 | $-0.03 | $2.21 | ||
| Q2 25 | $0.44 | $2.36 | ||
| Q1 25 | $1.08 | $1.09 | ||
| Q4 24 | $1.68 | $1.55 | ||
| Q3 24 | $0.86 | $2.12 | ||
| Q2 24 | $0.53 | $2.46 | ||
| Q1 24 | $1.73 | $1.29 |
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 | $127.4M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $2.7B |
| 总资产 | $7.0B | $7.6B |
| 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AXONCLH
| Q4 25 | $1.7B | $127.4M | ||
| Q3 25 | $2.4B | $91.2M | ||
| Q2 25 | $2.1B | $98.9M | ||
| Q1 25 | $2.2B | $105.9M | ||
| Q4 24 | $788.1M | $102.6M | ||
| Q3 24 | $1.0B | $82.4M | ||
| Q2 24 | $968.9M | $91.3M | ||
| Q1 24 | $964.1M | $104.8M |
总债务AXONCLH
| 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AXONCLH
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $2.7B | $2.7B | ||
| Q1 25 | $2.6B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.1B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.8B | $2.3B |
总资产AXONCLH
| Q4 25 | $7.0B | $7.6B | ||
| Q3 25 | $6.7B | $7.5B | ||
| Q2 25 | $6.2B | $7.4B | ||
| Q1 25 | $6.1B | $7.2B | ||
| Q4 24 | $4.5B | $7.4B | ||
| Q3 24 | $4.0B | $7.3B | ||
| Q2 24 | $3.7B | $7.1B | ||
| Q1 24 | $3.6B | $6.9B |
负债/权益比AXONCLH
| 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 | $217.2M | $355.1M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $233.3M |
| 自由现金流率自由现金流/营收 | 19.5% | 15.6% |
| 资本支出强度资本支出/营收 | 7.8% | 8.1% |
| 现金转化率经营现金流/净利润 | 79.14× | 4.10× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $441.8M |
8季度趋势，按日历期对齐
经营现金流AXONCLH
| Q4 25 | $217.2M | $355.1M | ||
| Q3 25 | $60.0M | $302.0M | ||
| Q2 25 | $-91.7M | $208.0M | ||
| Q1 25 | $25.8M | $1.6M | ||
| Q4 24 | $250.2M | $303.9M | ||
| Q3 24 | $91.3M | $239.2M | ||
| Q2 24 | $82.8M | $216.0M | ||
| Q1 24 | $-15.9M | $18.5M |
自由现金流AXONCLH
| Q4 25 | $155.4M | $233.3M | ||
| Q3 25 | $33.4M | $207.5M | ||
| Q2 25 | $-114.7M | $118.0M | ||
| Q1 25 | $932.0K | $-117.1M | ||
| Q4 24 | $225.4M | $241.5M | ||
| Q3 24 | $64.8M | $142.4M | ||
| Q2 24 | $71.4M | $80.9M | ||
| Q1 24 | $-32.1M | $-119.4M |
自由现金流率AXONCLH
| Q4 25 | 19.5% | 15.6% | ||
| Q3 25 | 4.7% | 13.4% | ||
| Q2 25 | -17.2% | 7.6% | ||
| Q1 25 | 0.2% | -8.2% | ||
| Q4 24 | 39.3% | 16.9% | ||
| Q3 24 | 11.9% | 9.3% | ||
| Q2 24 | 14.2% | 5.2% | ||
| Q1 24 | -7.0% | -8.7% |
资本支出强度AXONCLH
| Q4 25 | 7.8% | 8.1% | ||
| Q3 25 | 3.7% | 6.1% | ||
| Q2 25 | 3.4% | 5.8% | ||
| Q1 25 | 4.1% | 8.3% | ||
| Q4 24 | 4.3% | 4.4% | ||
| Q3 24 | 4.9% | 6.3% | ||
| Q2 24 | 2.2% | 8.7% | ||
| Q1 24 | 3.5% | 10.0% |
现金转化率AXONCLH
| Q4 25 | 79.14× | 4.10× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | -2.54× | 1.64× | ||
| Q1 25 | 0.29× | 0.03× | ||
| Q4 24 | 1.84× | 3.62× | ||
| Q3 24 | 1.36× | 2.08× | ||
| Q2 24 | 2.03× | 1.62× | ||
| Q1 24 | -0.12× | 0.27× |
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% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
