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Axon Enterprise（AXON）与EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的1.4倍（$796.7M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs 0.3%，领先18.2%），Axon Enterprise同比增速更快（38.9% vs -0.4%），Axon Enterprise自由现金流更多（$155.4M vs $60.8M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 8.0%）
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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
AXON vs EXP — 直观对比
营收规模更大
AXON
是对方的1.4倍
$556.0M
营收增速更快
AXON
高出39.3%
-0.4%
净利率更高
EXP
高出18.2%
0.3%
自由现金流更多
AXON
多$94.7M
$60.8M
两年增速更快
AXON
近两年复合增速
8.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $556.0M |
| 净利润 | $2.7M | $102.9M |
| 毛利率 | 57.9% | 28.9% |
| 营业利润率 | -6.3% | — |
| 净利率 | 0.3% | 18.5% |
| 营收同比 | 38.9% | -0.4% |
| 净利润同比 | -98.0% | -13.9% |
| 每股收益（稀释后） | $0.02 | $3.22 |
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AXONEXP
| Q4 25 | $796.7M | $556.0M | ||
| Q3 25 | $710.6M | $638.9M | ||
| Q2 25 | $668.5M | $634.7M | ||
| Q1 25 | $603.6M | $470.2M | ||
| Q4 24 | $573.4M | $558.0M | ||
| Q3 24 | $544.3M | $623.6M | ||
| Q2 24 | $504.1M | $608.7M | ||
| Q1 24 | $460.7M | $476.7M |
净利润AXONEXP
| Q4 25 | $2.7M | $102.9M | ||
| Q3 25 | $-2.2M | $137.4M | ||
| Q2 25 | $36.1M | $123.4M | ||
| Q1 25 | $88.0M | $66.5M | ||
| Q4 24 | $136.0M | $119.6M | ||
| Q3 24 | $67.0M | $143.5M | ||
| Q2 24 | $40.8M | $133.8M | ||
| Q1 24 | $133.2M | $77.1M |
毛利率AXONEXP
| Q4 25 | 57.9% | 28.9% | ||
| Q3 25 | 60.1% | 31.3% | ||
| Q2 25 | 60.4% | 29.2% | ||
| Q1 25 | 60.6% | 22.2% | ||
| Q4 24 | 60.5% | 31.9% | ||
| Q3 24 | 60.8% | 32.7% | ||
| Q2 24 | 60.3% | 30.7% | ||
| Q1 24 | 56.4% | 25.1% |
营业利润率AXONEXP
| Q4 25 | -6.3% | — | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | -2.6% | 32.8% | ||
| Q3 24 | 4.4% | 34.2% | ||
| Q2 24 | 6.5% | 32.0% | ||
| Q1 24 | 3.5% | 26.9% |
净利率AXONEXP
| Q4 25 | 0.3% | 18.5% | ||
| Q3 25 | -0.3% | 21.5% | ||
| Q2 25 | 5.4% | 19.4% | ||
| Q1 25 | 14.6% | 14.1% | ||
| Q4 24 | 23.7% | 21.4% | ||
| Q3 24 | 12.3% | 23.0% | ||
| Q2 24 | 8.1% | 22.0% | ||
| Q1 24 | 28.9% | 16.2% |
每股收益（稀释后）AXONEXP
| Q4 25 | $0.02 | $3.22 | ||
| Q3 25 | $-0.03 | $4.23 | ||
| Q2 25 | $0.44 | $3.76 | ||
| Q1 25 | $1.08 | $2.01 | ||
| Q4 24 | $1.68 | $3.56 | ||
| Q3 24 | $0.86 | $4.26 | ||
| Q2 24 | $0.53 | $3.94 | ||
| Q1 24 | $1.73 | $2.23 |
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 | $419.0M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $1.5B |
| 总资产 | $7.0B | $3.8B |
| 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AXONEXP
| Q4 25 | $1.7B | $419.0M | ||
| Q3 25 | $2.4B | $35.0M | ||
| Q2 25 | $2.1B | $59.7M | ||
| Q1 25 | $2.2B | $20.4M | ||
| Q4 24 | $788.1M | $31.2M | ||
| Q3 24 | $1.0B | $93.9M | ||
| Q2 24 | $968.9M | $46.5M | ||
| Q1 24 | $964.1M | $34.9M |
总债务AXONEXP
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.1B |
股东权益AXONEXP
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $2.7B | $1.5B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $1.9B | $1.4B | ||
| Q1 24 | $1.8B | $1.3B |
总资产AXONEXP
| Q4 25 | $7.0B | $3.8B | ||
| Q3 25 | $6.7B | $3.4B | ||
| Q2 25 | $6.2B | $3.4B | ||
| Q1 25 | $6.1B | $3.3B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.0B | $3.1B | ||
| Q2 24 | $3.7B | $3.0B | ||
| Q1 24 | $3.6B | $2.9B |
负债/权益比AXONEXP
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | 0.86× | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.84× |
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 | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $60.8M |
| 自由现金流率自由现金流/营收 | 19.5% | 10.9% |
| 资本支出强度资本支出/营收 | 7.8% | 19.8% |
| 现金转化率经营现金流/净利润 | 79.14× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $231.8M |
8季度趋势，按日历期对齐
经营现金流AXONEXP
| Q4 25 | $217.2M | $170.8M | ||
| Q3 25 | $60.0M | $204.6M | ||
| Q2 25 | $-91.7M | $136.6M | ||
| Q1 25 | $25.8M | $62.8M | ||
| Q4 24 | $250.2M | $119.9M | ||
| Q3 24 | $91.3M | $233.3M | ||
| Q2 24 | $82.8M | $132.6M | ||
| Q1 24 | $-15.9M | $63.4M |
自由现金流AXONEXP
| Q4 25 | $155.4M | $60.8M | ||
| Q3 25 | $33.4M | $96.1M | ||
| Q2 25 | $-114.7M | $60.5M | ||
| Q1 25 | $932.0K | $14.5M | ||
| Q4 24 | $225.4M | $72.5M | ||
| Q3 24 | $64.8M | $166.8M | ||
| Q2 24 | $71.4M | $99.5M | ||
| Q1 24 | $-32.1M | $30.9M |
自由现金流率AXONEXP
| Q4 25 | 19.5% | 10.9% | ||
| Q3 25 | 4.7% | 15.0% | ||
| Q2 25 | -17.2% | 9.5% | ||
| Q1 25 | 0.2% | 3.1% | ||
| Q4 24 | 39.3% | 13.0% | ||
| Q3 24 | 11.9% | 26.7% | ||
| Q2 24 | 14.2% | 16.3% | ||
| Q1 24 | -7.0% | 6.5% |
资本支出强度AXONEXP
| Q4 25 | 7.8% | 19.8% | ||
| Q3 25 | 3.7% | 17.0% | ||
| Q2 25 | 3.4% | 12.0% | ||
| Q1 25 | 4.1% | 10.3% | ||
| Q4 24 | 4.3% | 8.5% | ||
| Q3 24 | 4.9% | 10.7% | ||
| Q2 24 | 2.2% | 5.4% | ||
| Q1 24 | 3.5% | 6.8% |
现金转化率AXONEXP
| Q4 25 | 79.14× | 1.66× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | -2.54× | 1.11× | ||
| Q1 25 | 0.29× | 0.94× | ||
| Q4 24 | 1.84× | 1.00× | ||
| Q3 24 | 1.36× | 1.63× | ||
| Q2 24 | 2.03× | 0.99× | ||
| Q1 24 | -0.12× | 0.82× |
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% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
