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Axon Enterprise（AXON）与FTAI Infrastructure Inc.（FIP）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FTAI Infrastructure Inc.的5.6倍（$796.7M vs $143.5M）。Axon Enterprise净利率更高（0.3% vs -68.1%，领先68.4%）。FTAI Infrastructure Inc.同比增速更快（77.7% vs 38.9%）。Axon Enterprise自由现金流更多（$155.4M vs $-68.6M）。过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 31.5%）
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。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
AXON vs FIP — 直观对比
营收规模更大
AXON
是对方的5.6倍
$143.5M
营收增速更快
FIP
高出38.8%
38.9%
净利率更高
AXON
高出68.4%
-68.1%
自由现金流更多
AXON
多$224.1M
$-68.6M
两年增速更快
FIP
近两年复合增速
31.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $143.5M |
| 净利润 | $2.7M | $-97.7M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | -45.7% |
| 净利率 | 0.3% | -68.1% |
| 营收同比 | 38.9% | 77.7% |
| 净利润同比 | -98.0% | 21.6% |
| 每股收益（稀释后） | $0.02 | $-1.04 |
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AXONFIP
| Q4 25 | $796.7M | $143.5M | ||
| Q3 25 | $710.6M | $140.6M | ||
| Q2 25 | $668.5M | $122.3M | ||
| Q1 25 | $603.6M | $96.2M | ||
| Q4 24 | $573.4M | $80.8M | ||
| Q3 24 | $544.3M | $83.3M | ||
| Q2 24 | $504.1M | $84.9M | ||
| Q1 24 | $460.7M | $82.5M |
净利润AXONFIP
| Q4 25 | $2.7M | $-97.7M | ||
| Q3 25 | $-2.2M | $-104.5M | ||
| Q2 25 | $36.1M | $-70.0M | ||
| Q1 25 | $88.0M | $120.2M | ||
| Q4 24 | $136.0M | $-124.7M | ||
| Q3 24 | $67.0M | $-43.0M | ||
| Q2 24 | $40.8M | $-48.1M | ||
| Q1 24 | $133.2M | $-50.3M |
毛利率AXONFIP
| 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AXONFIP
| Q4 25 | -6.3% | -45.7% | ||
| Q3 25 | -0.3% | -70.8% | ||
| Q2 25 | -0.2% | -56.4% | ||
| Q1 25 | -1.5% | 81.8% | ||
| Q4 24 | -2.6% | -152.7% | ||
| Q3 24 | 4.4% | -51.7% | ||
| Q2 24 | 6.5% | -56.4% | ||
| Q1 24 | 3.5% | -58.8% |
净利率AXONFIP
| Q4 25 | 0.3% | -68.1% | ||
| Q3 25 | -0.3% | -74.4% | ||
| Q2 25 | 5.4% | -57.2% | ||
| Q1 25 | 14.6% | 125.0% | ||
| Q4 24 | 23.7% | -154.4% | ||
| Q3 24 | 12.3% | -51.6% | ||
| Q2 24 | 8.1% | -56.7% | ||
| Q1 24 | 28.9% | -60.9% |
每股收益（稀释后）AXONFIP
| Q4 25 | $0.02 | $-1.04 | ||
| Q3 25 | $-0.03 | $-1.38 | ||
| Q2 25 | $0.44 | $-0.73 | ||
| Q1 25 | $1.08 | $0.89 | ||
| Q4 24 | $1.68 | $-1.21 | ||
| Q3 24 | $0.86 | $-0.45 | ||
| Q2 24 | $0.53 | $-0.52 | ||
| Q1 24 | $1.73 | $-0.54 |
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 | $57.4M |
| 总债务越低越好 | $1.8B | $3.8B |
| 股东权益账面价值 | $3.2B | $21.3M |
| 总资产 | $7.0B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.56× | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资AXONFIP
| Q4 25 | $1.7B | $57.4M | ||
| Q3 25 | $2.4B | $34.7M | ||
| Q2 25 | $2.1B | $33.6M | ||
| Q1 25 | $2.2B | $26.3M | ||
| Q4 24 | $788.1M | $27.8M | ||
| Q3 24 | $1.0B | $20.3M | ||
| Q2 24 | $968.9M | $33.1M | ||
| Q1 24 | $964.1M | $23.0M |
总债务AXONFIP
| Q4 25 | $1.8B | $3.8B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $680.3M | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
股东权益AXONFIP
| Q4 25 | $3.2B | $21.3M | ||
| Q3 25 | $3.0B | $181.1M | ||
| Q2 25 | $2.7B | $375.5M | ||
| Q1 25 | $2.6B | $476.2M | ||
| Q4 24 | $2.3B | $202.7M | ||
| Q3 24 | $2.1B | $370.8M | ||
| Q2 24 | $1.9B | $394.8M | ||
| Q1 24 | $1.8B | $402.5M |
总资产AXONFIP
| Q4 25 | $7.0B | $5.7B | ||
| Q3 25 | $6.7B | $5.5B | ||
| Q2 25 | $6.2B | $4.4B | ||
| Q1 25 | $6.1B | $4.1B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.0B | $2.4B | ||
| Q2 24 | $3.7B | $2.5B | ||
| Q1 24 | $3.6B | $2.3B |
负债/权益比AXONFIP
| Q4 25 | 0.56× | 176.99× | ||
| Q3 25 | 0.66× | 20.59× | ||
| Q2 25 | 0.73× | 8.21× | ||
| Q1 25 | 0.79× | 5.79× | ||
| Q4 24 | 0.29× | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | — | 3.34× |
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 | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $-68.6M |
| 自由现金流率自由现金流/营收 | 19.5% | -47.8% |
| 资本支出强度资本支出/营收 | 7.8% | 45.9% |
| 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 | $-398.5M |
8季度趋势，按日历期对齐
经营现金流AXONFIP
| Q4 25 | $217.2M | $-2.8M | ||
| Q3 25 | $60.0M | $-24.4M | ||
| Q2 25 | $-91.7M | $-5.2M | ||
| Q1 25 | $25.8M | $-85.7M | ||
| Q4 24 | $250.2M | $-8.1M | ||
| Q3 24 | $91.3M | $14.2M | ||
| Q2 24 | $82.8M | $-17.6M | ||
| Q1 24 | $-15.9M | $-3.9M |
自由现金流AXONFIP
| Q4 25 | $155.4M | $-68.6M | ||
| Q3 25 | $33.4M | $-90.7M | ||
| Q2 25 | $-114.7M | $-87.5M | ||
| Q1 25 | $932.0K | $-151.7M | ||
| Q4 24 | $225.4M | $-34.3M | ||
| Q3 24 | $64.8M | $-11.7M | ||
| Q2 24 | $71.4M | $-32.1M | ||
| Q1 24 | $-32.1M | $-16.7M |
自由现金流率AXONFIP
| Q4 25 | 19.5% | -47.8% | ||
| Q3 25 | 4.7% | -64.5% | ||
| Q2 25 | -17.2% | -71.6% | ||
| Q1 25 | 0.2% | -157.7% | ||
| Q4 24 | 39.3% | -42.4% | ||
| Q3 24 | 11.9% | -14.0% | ||
| Q2 24 | 14.2% | -37.9% | ||
| Q1 24 | -7.0% | -20.3% |
资本支出强度AXONFIP
| Q4 25 | 7.8% | 45.9% | ||
| Q3 25 | 3.7% | 47.2% | ||
| Q2 25 | 3.4% | 67.3% | ||
| Q1 25 | 4.1% | 68.6% | ||
| Q4 24 | 4.3% | 32.5% | ||
| Q3 24 | 4.9% | 31.1% | ||
| Q2 24 | 2.2% | 17.2% | ||
| Q1 24 | 3.5% | 15.6% |
现金转化率AXONFIP
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | -0.71× | ||
| 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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
