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Axon Enterprise（AXON）与科睿唯安（CLVT）财务数据对比。点击上方公司名可切换其他公司
Axon Enterprise的季度营收约是科睿唯安的1.4倍（$796.7M vs $585.5M），Axon Enterprise净利率更高（0.3% vs -6.9%，领先7.2%），Axon Enterprise同比增速更快（38.9% vs -1.4%），Axon Enterprise自由现金流更多（$155.4M vs $78.9M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs -5.1%）
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。
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
AXON vs CLVT — 直观对比
营收规模更大
AXON
是对方的1.4倍
$585.5M
营收增速更快
AXON
高出40.3%
-1.4%
净利率更高
AXON
高出7.2%
-6.9%
自由现金流更多
AXON
多$76.5M
$78.9M
两年增速更快
AXON
近两年复合增速
-5.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $585.5M |
| 净利润 | $2.7M | $-40.2M |
| 毛利率 | 57.9% | 67.2% |
| 营业利润率 | -6.3% | 5.2% |
| 净利率 | 0.3% | -6.9% |
| 营收同比 | 38.9% | -1.4% |
| 净利润同比 | -98.0% | 61.3% |
| 每股收益（稀释后） | $0.02 | $-0.06 |
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AXONCLVT
| Q1 26 | — | $585.5M | ||
| Q4 25 | $796.7M | $617.0M | ||
| Q3 25 | $710.6M | $623.1M | ||
| Q2 25 | $668.5M | $621.4M | ||
| Q1 25 | $603.6M | $593.7M | ||
| Q4 24 | $573.4M | $663.0M | ||
| Q3 24 | $544.3M | $622.2M | ||
| Q2 24 | $504.1M | $650.3M |
净利润AXONCLVT
| Q1 26 | — | $-40.2M | ||
| Q4 25 | $2.7M | $3.1M | ||
| Q3 25 | $-2.2M | $-28.3M | ||
| Q2 25 | $36.1M | $-72.0M | ||
| Q1 25 | $88.0M | $-103.9M | ||
| Q4 24 | $136.0M | $-191.8M | ||
| Q3 24 | $67.0M | $-65.6M | ||
| Q2 24 | $40.8M | $-304.3M |
毛利率AXONCLVT
| Q1 26 | — | 67.2% | ||
| Q4 25 | 57.9% | 66.8% | ||
| Q3 25 | 60.1% | 65.0% | ||
| Q2 25 | 60.4% | 67.2% | ||
| Q1 25 | 60.6% | 65.1% | ||
| Q4 24 | 60.5% | 65.7% | ||
| Q3 24 | 60.8% | 66.2% | ||
| Q2 24 | 60.3% | 67.2% |
营业利润率AXONCLVT
| Q1 26 | — | 5.2% | ||
| Q4 25 | -6.3% | 6.7% | ||
| Q3 25 | -0.3% | 7.1% | ||
| Q2 25 | -0.2% | 1.1% | ||
| Q1 25 | -1.5% | -3.5% | ||
| Q4 24 | -2.6% | -9.4% | ||
| Q3 24 | 4.4% | 3.5% | ||
| Q2 24 | 6.5% | -36.9% |
净利率AXONCLVT
| Q1 26 | — | -6.9% | ||
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | -0.3% | -4.5% | ||
| Q2 25 | 5.4% | -11.6% | ||
| Q1 25 | 14.6% | -17.5% | ||
| Q4 24 | 23.7% | -28.9% | ||
| Q3 24 | 12.3% | -10.5% | ||
| Q2 24 | 8.1% | -46.8% |
每股收益（稀释后）AXONCLVT
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $0.02 | $0.00 | ||
| Q3 25 | $-0.03 | $-0.04 | ||
| Q2 25 | $0.44 | $-0.11 | ||
| Q1 25 | $1.08 | $-0.15 | ||
| Q4 24 | $1.68 | $-0.27 | ||
| Q3 24 | $0.86 | $-0.09 | ||
| Q2 24 | $0.53 | $-0.46 |
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 | $4.3B |
| 股东权益账面价值 | $3.2B | $4.8B |
| 总资产 | $7.0B | $10.9B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.89× |
8季度趋势，按日历期对齐
现金及短期投资AXONCLVT
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $329.2M | ||
| Q3 25 | $2.4B | $318.7M | ||
| Q2 25 | $2.1B | $362.6M | ||
| Q1 25 | $2.2B | $354.0M | ||
| Q4 24 | $788.1M | $295.2M | ||
| Q3 24 | $1.0B | $388.5M | ||
| Q2 24 | $968.9M | $376.4M |
总债务AXONCLVT
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $2.0B | $4.4B | ||
| Q2 25 | $2.0B | $4.5B | ||
| Q1 25 | $2.0B | $4.5B | ||
| Q4 24 | $680.3M | $4.5B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.6B |
股东权益AXONCLVT
| Q1 26 | — | $4.8B | ||
| Q4 25 | $3.2B | $4.8B | ||
| Q3 25 | $3.0B | $4.9B | ||
| Q2 25 | $2.7B | $5.0B | ||
| Q1 25 | $2.6B | $5.0B | ||
| Q4 24 | $2.3B | $5.1B | ||
| Q3 24 | $2.1B | $5.5B | ||
| Q2 24 | $1.9B | $5.6B |
总资产AXONCLVT
| Q1 26 | — | $10.9B | ||
| Q4 25 | $7.0B | $11.1B | ||
| Q3 25 | $6.7B | $11.2B | ||
| Q2 25 | $6.2B | $11.4B | ||
| Q1 25 | $6.1B | $11.5B | ||
| Q4 24 | $4.5B | $11.5B | ||
| Q3 24 | $4.0B | $12.0B | ||
| Q2 24 | $3.7B | $12.1B |
负债/权益比AXONCLVT
| Q1 26 | — | 0.89× | ||
| Q4 25 | 0.56× | 0.89× | ||
| Q3 25 | 0.66× | 0.90× | ||
| Q2 25 | 0.73× | 0.90× | ||
| Q1 25 | 0.79× | 0.90× | ||
| Q4 24 | 0.29× | 0.88× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.83× |
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 | $134.7M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $78.9M |
| 自由现金流率自由现金流/营收 | 19.5% | 13.5% |
| 资本支出强度资本支出/营收 | 7.8% | 9.5% |
| 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 | $333.9M |
8季度趋势，按日历期对齐
经营现金流AXONCLVT
| Q1 26 | — | $134.7M | ||
| Q4 25 | $217.2M | $159.9M | ||
| Q3 25 | $60.0M | $181.1M | ||
| Q2 25 | $-91.7M | $116.3M | ||
| Q1 25 | $25.8M | $171.2M | ||
| Q4 24 | $250.2M | $141.3M | ||
| Q3 24 | $91.3M | $202.9M | ||
| Q2 24 | $82.8M | $126.2M |
自由现金流AXONCLVT
| Q1 26 | — | $78.9M | ||
| Q4 25 | $155.4M | $89.2M | ||
| Q3 25 | $33.4M | $115.5M | ||
| Q2 25 | $-114.7M | $50.3M | ||
| Q1 25 | $932.0K | $110.3M | ||
| Q4 24 | $225.4M | $59.1M | ||
| Q3 24 | $64.8M | $126.3M | ||
| Q2 24 | $71.4M | $60.3M |
自由现金流率AXONCLVT
| Q1 26 | — | 13.5% | ||
| Q4 25 | 19.5% | 14.5% | ||
| Q3 25 | 4.7% | 18.5% | ||
| Q2 25 | -17.2% | 8.1% | ||
| Q1 25 | 0.2% | 18.6% | ||
| Q4 24 | 39.3% | 8.9% | ||
| Q3 24 | 11.9% | 20.3% | ||
| Q2 24 | 14.2% | 9.3% |
资本支出强度AXONCLVT
| Q1 26 | — | 9.5% | ||
| Q4 25 | 7.8% | 11.5% | ||
| Q3 25 | 3.7% | 10.5% | ||
| Q2 25 | 3.4% | 10.6% | ||
| Q1 25 | 4.1% | 10.3% | ||
| Q4 24 | 4.3% | 12.4% | ||
| Q3 24 | 4.9% | 12.3% | ||
| Q2 24 | 2.2% | 10.1% |
现金转化率AXONCLVT
| Q1 26 | — | — | ||
| Q4 25 | 79.14× | 51.58× | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — |
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% |
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
