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Axon Enterprise（AXON）与CoStar Group（CSGP）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是Axon Enterprise的1.1倍（$899.9M vs $796.7M），CoStar Group净利率更高（5.2% vs 0.3%，领先4.8%），Axon Enterprise同比增速更快（38.9% vs 26.9%），Axon Enterprise自由现金流更多（$155.4M vs $101.3M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 17.1%）
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。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
AXON vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.1倍
$796.7M
营收增速更快
AXON
高出12.1%
26.9%
净利率更高
CSGP
高出4.8%
0.3%
自由现金流更多
AXON
多$54.1M
$101.3M
两年增速更快
AXON
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $899.9M |
| 净利润 | $2.7M | $46.5M |
| 毛利率 | 57.9% | 78.6% |
| 营业利润率 | -6.3% | 5.5% |
| 净利率 | 0.3% | 5.2% |
| 营收同比 | 38.9% | 26.9% |
| 净利润同比 | -98.0% | -22.2% |
| 每股收益（稀释后） | $0.02 | $0.12 |
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AXONCSGP
| Q4 25 | $796.7M | $899.9M | ||
| Q3 25 | $710.6M | $833.6M | ||
| Q2 25 | $668.5M | $781.3M | ||
| Q1 25 | $603.6M | $732.2M | ||
| Q4 24 | $573.4M | $709.4M | ||
| Q3 24 | $544.3M | $692.6M | ||
| Q2 24 | $504.1M | $677.8M | ||
| Q1 24 | $460.7M | $656.4M |
净利润AXONCSGP
| Q4 25 | $2.7M | $46.5M | ||
| Q3 25 | $-2.2M | $-30.9M | ||
| Q2 25 | $36.1M | $6.2M | ||
| Q1 25 | $88.0M | $-14.8M | ||
| Q4 24 | $136.0M | $59.8M | ||
| Q3 24 | $67.0M | $53.0M | ||
| Q2 24 | $40.8M | $19.2M | ||
| Q1 24 | $133.2M | $6.7M |
毛利率AXONCSGP
| Q4 25 | 57.9% | 78.6% | ||
| Q3 25 | 60.1% | 79.3% | ||
| Q2 25 | 60.4% | 78.5% | ||
| Q1 25 | 60.6% | 79.1% | ||
| Q4 24 | 60.5% | 80.1% | ||
| Q3 24 | 60.8% | 79.7% | ||
| Q2 24 | 60.3% | 80.0% | ||
| Q1 24 | 56.4% | 78.5% |
营业利润率AXONCSGP
| Q4 25 | -6.3% | 5.5% | ||
| Q3 25 | -0.3% | -6.1% | ||
| Q2 25 | -0.2% | -3.5% | ||
| Q1 25 | -1.5% | -5.8% | ||
| Q4 24 | -2.6% | 5.6% | ||
| Q3 24 | 4.4% | 3.4% | ||
| Q2 24 | 6.5% | -2.4% | ||
| Q1 24 | 3.5% | -6.5% |
净利率AXONCSGP
| Q4 25 | 0.3% | 5.2% | ||
| Q3 25 | -0.3% | -3.7% | ||
| Q2 25 | 5.4% | 0.8% | ||
| Q1 25 | 14.6% | -2.0% | ||
| Q4 24 | 23.7% | 8.4% | ||
| Q3 24 | 12.3% | 7.7% | ||
| Q2 24 | 8.1% | 2.8% | ||
| Q1 24 | 28.9% | 1.0% |
每股收益（稀释后）AXONCSGP
| Q4 25 | $0.02 | $0.12 | ||
| Q3 25 | $-0.03 | $-0.07 | ||
| Q2 25 | $0.44 | $0.01 | ||
| Q1 25 | $1.08 | $-0.04 | ||
| Q4 24 | $1.68 | $0.14 | ||
| Q3 24 | $0.86 | $0.13 | ||
| Q2 24 | $0.53 | $0.05 | ||
| Q1 24 | $1.73 | $0.02 |
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 | $1.6B |
| 总债务越低越好 | $1.8B | $140.0M |
| 股东权益账面价值 | $3.2B | $8.3B |
| 总资产 | $7.0B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资AXONCSGP
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $2.4B | $1.9B | ||
| Q2 25 | $2.1B | $3.6B | ||
| Q1 25 | $2.2B | $3.7B | ||
| Q4 24 | $788.1M | $4.7B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $968.9M | — | ||
| Q1 24 | $964.1M | — |
总债务AXONCSGP
| Q4 25 | $1.8B | $140.0M | ||
| Q3 25 | $2.0B | $1.0B | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $680.3M | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
股东权益AXONCSGP
| Q4 25 | $3.2B | $8.3B | ||
| Q3 25 | $3.0B | $8.6B | ||
| Q2 25 | $2.7B | $8.6B | ||
| Q1 25 | $2.6B | $8.6B | ||
| Q4 24 | $2.3B | $7.6B | ||
| Q3 24 | $2.1B | $7.5B | ||
| Q2 24 | $1.9B | $7.4B | ||
| Q1 24 | $1.8B | $7.3B |
总资产AXONCSGP
| Q4 25 | $7.0B | $10.5B | ||
| Q3 25 | $6.7B | $10.8B | ||
| Q2 25 | $6.2B | $10.5B | ||
| Q1 25 | $6.1B | $10.4B | ||
| Q4 24 | $4.5B | $9.3B | ||
| Q3 24 | $4.0B | $9.1B | ||
| Q2 24 | $3.7B | $9.1B | ||
| Q1 24 | $3.6B | $9.0B |
负债/权益比AXONCSGP
| Q4 25 | 0.56× | 0.02× | ||
| Q3 25 | 0.66× | 0.12× | ||
| Q2 25 | 0.73× | 0.12× | ||
| Q1 25 | 0.79× | 0.12× | ||
| Q4 24 | 0.29× | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 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 | $217.2M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $101.3M |
| 自由现金流率自由现金流/营收 | 19.5% | 11.3% |
| 资本支出强度资本支出/营收 | 7.8% | 6.8% |
| 现金转化率经营现金流/净利润 | 79.14× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $123.0M |
8季度趋势，按日历期对齐
经营现金流AXONCSGP
| Q4 25 | $217.2M | $162.1M | ||
| Q3 25 | $60.0M | $68.2M | ||
| Q2 25 | $-91.7M | $146.5M | ||
| Q1 25 | $25.8M | $53.2M | ||
| Q4 24 | $250.2M | $94.6M | ||
| Q3 24 | $91.3M | $100.3M | ||
| Q2 24 | $82.8M | $58.1M | ||
| Q1 24 | $-15.9M | $139.6M |
自由现金流AXONCSGP
| Q4 25 | $155.4M | $101.3M | ||
| Q3 25 | $33.4M | $-5.5M | ||
| Q2 25 | $-114.7M | $27.7M | ||
| Q1 25 | $932.0K | $-500.0K | ||
| Q4 24 | $225.4M | $25.2M | ||
| Q3 24 | $64.8M | $40.2M | ||
| Q2 24 | $71.4M | $-14.7M | ||
| Q1 24 | $-32.1M | $-237.1M |
自由现金流率AXONCSGP
| Q4 25 | 19.5% | 11.3% | ||
| Q3 25 | 4.7% | -0.7% | ||
| Q2 25 | -17.2% | 3.5% | ||
| Q1 25 | 0.2% | -0.1% | ||
| Q4 24 | 39.3% | 3.6% | ||
| Q3 24 | 11.9% | 5.8% | ||
| Q2 24 | 14.2% | -2.2% | ||
| Q1 24 | -7.0% | -36.1% |
资本支出强度AXONCSGP
| Q4 25 | 7.8% | 6.8% | ||
| Q3 25 | 3.7% | 8.8% | ||
| Q2 25 | 3.4% | 15.2% | ||
| Q1 25 | 4.1% | 7.3% | ||
| Q4 24 | 4.3% | 9.8% | ||
| Q3 24 | 4.9% | 8.7% | ||
| Q2 24 | 2.2% | 10.7% | ||
| Q1 24 | 3.5% | 57.4% |
现金转化率AXONCSGP
| Q4 25 | 79.14× | 3.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | 23.63× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | 1.58× | ||
| Q3 24 | 1.36× | 1.89× | ||
| Q2 24 | 2.03× | 3.03× | ||
| Q1 24 | -0.12× | 20.84× |
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% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
