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Axon Enterprise（AXON）与Fabrinet（FN）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是Axon Enterprise的1.4倍（$1.1B vs $796.7M），Fabrinet净利率更高（9.9% vs 0.3%，领先9.6%），Axon Enterprise同比增速更快（38.9% vs 35.9%），Axon Enterprise自由现金流更多（$155.4M vs $-5.3M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 24.4%）
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。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
AXON vs FN — 直观对比
营收规模更大
FN
是对方的1.4倍
$796.7M
营收增速更快
AXON
高出3.0%
35.9%
净利率更高
FN
高出9.6%
0.3%
自由现金流更多
AXON
多$160.8M
$-5.3M
两年增速更快
AXON
近两年复合增速
24.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.1B |
| 净利润 | $2.7M | $112.6M |
| 毛利率 | 57.9% | 12.2% |
| 营业利润率 | -6.3% | 10.1% |
| 净利率 | 0.3% | 9.9% |
| 营收同比 | 38.9% | 35.9% |
| 净利润同比 | -98.0% | 30.0% |
| 每股收益（稀释后） | $0.02 | $3.11 |
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AXONFN
| Q4 25 | $796.7M | $1.1B | ||
| Q3 25 | $710.6M | $978.1M | ||
| Q2 25 | $668.5M | $909.7M | ||
| Q1 25 | $603.6M | $871.8M | ||
| Q4 24 | $573.4M | $833.6M | ||
| Q3 24 | $544.3M | $804.2M | ||
| Q2 24 | $504.1M | $753.3M | ||
| Q1 24 | $460.7M | $731.5M |
净利润AXONFN
| Q4 25 | $2.7M | $112.6M | ||
| Q3 25 | $-2.2M | $95.9M | ||
| Q2 25 | $36.1M | $87.2M | ||
| Q1 25 | $88.0M | $81.3M | ||
| Q4 24 | $136.0M | $86.6M | ||
| Q3 24 | $67.0M | $77.4M | ||
| Q2 24 | $40.8M | $81.1M | ||
| Q1 24 | $133.2M | $80.9M |
毛利率AXONFN
| Q4 25 | 57.9% | 12.2% | ||
| Q3 25 | 60.1% | 11.9% | ||
| Q2 25 | 60.4% | 12.2% | ||
| Q1 25 | 60.6% | 11.7% | ||
| Q4 24 | 60.5% | 12.1% | ||
| Q3 24 | 60.8% | 12.3% | ||
| Q2 24 | 60.3% | 12.3% | ||
| Q1 24 | 56.4% | 12.4% |
营业利润率AXONFN
| Q4 25 | -6.3% | 10.1% | ||
| Q3 25 | -0.3% | 9.6% | ||
| Q2 25 | -0.2% | 9.8% | ||
| Q1 25 | -1.5% | 9.0% | ||
| Q4 24 | -2.6% | 9.5% | ||
| Q3 24 | 4.4% | 9.6% | ||
| Q2 24 | 6.5% | 9.7% | ||
| Q1 24 | 3.5% | 9.7% |
净利率AXONFN
| Q4 25 | 0.3% | 9.9% | ||
| Q3 25 | -0.3% | 9.8% | ||
| Q2 25 | 5.4% | 9.6% | ||
| Q1 25 | 14.6% | 9.3% | ||
| Q4 24 | 23.7% | 10.4% | ||
| Q3 24 | 12.3% | 9.6% | ||
| Q2 24 | 8.1% | 10.8% | ||
| Q1 24 | 28.9% | 11.1% |
每股收益（稀释后）AXONFN
| Q4 25 | $0.02 | $3.11 | ||
| Q3 25 | $-0.03 | $2.66 | ||
| Q2 25 | $0.44 | $2.41 | ||
| Q1 25 | $1.08 | $2.25 | ||
| Q4 24 | $1.68 | $2.38 | ||
| Q3 24 | $0.86 | $2.13 | ||
| Q2 24 | $0.53 | $2.22 | ||
| Q1 24 | $1.73 | $2.21 |
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 | $960.8M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $2.2B |
| 总资产 | $7.0B | $3.3B |
| 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AXONFN
| Q4 25 | $1.7B | $960.8M | ||
| Q3 25 | $2.4B | $968.8M | ||
| Q2 25 | $2.1B | $934.2M | ||
| Q1 25 | $2.2B | $950.7M | ||
| Q4 24 | $788.1M | $934.6M | ||
| Q3 24 | $1.0B | $908.9M | ||
| Q2 24 | $968.9M | $858.6M | ||
| Q1 24 | $964.1M | $794.0M |
总债务AXONFN
| 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AXONFN
| Q4 25 | $3.2B | $2.2B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $1.9B | $1.7B | ||
| Q1 24 | $1.8B | $1.7B |
总资产AXONFN
| Q4 25 | $7.0B | $3.3B | ||
| Q3 25 | $6.7B | $3.0B | ||
| Q2 25 | $6.2B | $2.8B | ||
| Q1 25 | $6.1B | $2.6B | ||
| Q4 24 | $4.5B | $2.5B | ||
| Q3 24 | $4.0B | $2.4B | ||
| Q2 24 | $3.7B | $2.3B | ||
| Q1 24 | $3.6B | $2.2B |
负债/权益比AXONFN
| 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 | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $-5.3M |
| 自由现金流率自由现金流/营收 | 19.5% | -0.5% |
| 资本支出强度资本支出/营收 | 7.8% | 4.6% |
| 现金转化率经营现金流/净利润 | 79.14× | 0.41× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $102.3M |
8季度趋势，按日历期对齐
经营现金流AXONFN
| Q4 25 | $217.2M | $46.3M | ||
| Q3 25 | $60.0M | $102.6M | ||
| Q2 25 | $-91.7M | $55.1M | ||
| Q1 25 | $25.8M | $74.2M | ||
| Q4 24 | $250.2M | $115.9M | ||
| Q3 24 | $91.3M | $83.2M | ||
| Q2 24 | $82.8M | $83.1M | ||
| Q1 24 | $-15.9M | $100.9M |
自由现金流AXONFN
| Q4 25 | $155.4M | $-5.3M | ||
| Q3 25 | $33.4M | $57.3M | ||
| Q2 25 | $-114.7M | $4.7M | ||
| Q1 25 | $932.0K | $45.7M | ||
| Q4 24 | $225.4M | $94.0M | ||
| Q3 24 | $64.8M | $62.9M | ||
| Q2 24 | $71.4M | $70.4M | ||
| Q1 24 | $-32.1M | $87.3M |
自由现金流率AXONFN
| Q4 25 | 19.5% | -0.5% | ||
| Q3 25 | 4.7% | 5.9% | ||
| Q2 25 | -17.2% | 0.5% | ||
| Q1 25 | 0.2% | 5.2% | ||
| Q4 24 | 39.3% | 11.3% | ||
| Q3 24 | 11.9% | 7.8% | ||
| Q2 24 | 14.2% | 9.3% | ||
| Q1 24 | -7.0% | 11.9% |
资本支出强度AXONFN
| Q4 25 | 7.8% | 4.6% | ||
| Q3 25 | 3.7% | 4.6% | ||
| Q2 25 | 3.4% | 5.5% | ||
| Q1 25 | 4.1% | 3.3% | ||
| Q4 24 | 4.3% | 2.6% | ||
| Q3 24 | 4.9% | 2.5% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 3.5% | 1.9% |
现金转化率AXONFN
| Q4 25 | 79.14× | 0.41× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | -2.54× | 0.63× | ||
| Q1 25 | 0.29× | 0.91× | ||
| Q4 24 | 1.84× | 1.34× | ||
| Q3 24 | 1.36× | 1.07× | ||
| Q2 24 | 2.03× | 1.02× | ||
| Q1 24 | -0.12× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
