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Axon Enterprise（AXON）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
Axon Enterprise的季度营收约是弗雷斯特研究公司的7.9倍（$796.7M vs $101.1M）。Axon Enterprise净利率更高（0.3% vs -33.5%，领先33.9%）。Axon Enterprise同比增速更快（38.9% vs -6.5%）。Axon Enterprise自由现金流更多（$155.4M vs $-4.3M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 0.5%）
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。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
AXON vs FORR — 直观对比
营收规模更大
AXON
是对方的7.9倍
$101.1M
营收增速更快
AXON
高出45.4%
-6.5%
净利率更高
AXON
高出33.9%
-33.5%
自由现金流更多
AXON
多$159.7M
$-4.3M
两年增速更快
AXON
近两年复合增速
0.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $101.1M |
| 净利润 | $2.7M | $-33.9M |
| 毛利率 | 57.9% | 56.7% |
| 营业利润率 | -6.3% | -36.6% |
| 净利率 | 0.3% | -33.5% |
| 营收同比 | 38.9% | -6.5% |
| 净利润同比 | -98.0% | -7941.4% |
| 每股收益（稀释后） | $0.02 | $-1.75 |
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AXONFORR
| Q4 25 | $796.7M | $101.1M | ||
| Q3 25 | $710.6M | $94.3M | ||
| Q2 25 | $668.5M | $111.7M | ||
| Q1 25 | $603.6M | $89.9M | ||
| Q4 24 | $573.4M | $108.0M | ||
| Q3 24 | $544.3M | $102.5M | ||
| Q2 24 | $504.1M | $121.8M | ||
| Q1 24 | $460.7M | $100.1M |
净利润AXONFORR
| Q4 25 | $2.7M | $-33.9M | ||
| Q3 25 | $-2.2M | $-2.1M | ||
| Q2 25 | $36.1M | $3.9M | ||
| Q1 25 | $88.0M | $-87.3M | ||
| Q4 24 | $136.0M | $432.0K | ||
| Q3 24 | $67.0M | $-5.8M | ||
| Q2 24 | $40.8M | $6.3M | ||
| Q1 24 | $133.2M | $-6.7M |
毛利率AXONFORR
| Q4 25 | 57.9% | 56.7% | ||
| Q3 25 | 60.1% | 60.0% | ||
| Q2 25 | 60.4% | 55.5% | ||
| Q1 25 | 60.6% | 55.9% | ||
| Q4 24 | 60.5% | 58.8% | ||
| Q3 24 | 60.8% | 60.5% | ||
| Q2 24 | 60.3% | 57.3% | ||
| Q1 24 | 56.4% | 54.9% |
营业利润率AXONFORR
| Q4 25 | -6.3% | -36.6% | ||
| Q3 25 | -0.3% | 4.7% | ||
| Q2 25 | -0.2% | 6.2% | ||
| Q1 25 | -1.5% | -97.5% | ||
| Q4 24 | -2.6% | -0.5% | ||
| Q3 24 | 4.4% | -0.7% | ||
| Q2 24 | 6.5% | 9.3% | ||
| Q1 24 | 3.5% | -9.3% |
净利率AXONFORR
| Q4 25 | 0.3% | -33.5% | ||
| Q3 25 | -0.3% | -2.3% | ||
| Q2 25 | 5.4% | 3.5% | ||
| Q1 25 | 14.6% | -97.1% | ||
| Q4 24 | 23.7% | 0.4% | ||
| Q3 24 | 12.3% | -5.7% | ||
| Q2 24 | 8.1% | 5.2% | ||
| Q1 24 | 28.9% | -6.7% |
每股收益（稀释后）AXONFORR
| Q4 25 | $0.02 | $-1.75 | ||
| Q3 25 | $-0.03 | $-0.11 | ||
| Q2 25 | $0.44 | $0.20 | ||
| Q1 25 | $1.08 | $-4.62 | ||
| Q4 24 | $1.68 | $0.02 | ||
| Q3 24 | $0.86 | $-0.30 | ||
| Q2 24 | $0.53 | $0.33 | ||
| Q1 24 | $1.73 | $-0.35 |
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 | $63.3M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $126.5M |
| 总资产 | $7.0B | $404.0M |
| 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AXONFORR
| Q4 25 | $1.7B | $63.3M | ||
| Q3 25 | $2.4B | $65.1M | ||
| Q2 25 | $2.1B | $67.8M | ||
| Q1 25 | $2.2B | $75.6M | ||
| Q4 24 | $788.1M | $56.1M | ||
| Q3 24 | $1.0B | $62.8M | ||
| Q2 24 | $968.9M | $58.9M | ||
| Q1 24 | $964.1M | $61.4M |
总债务AXONFORR
| 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AXONFORR
| Q4 25 | $3.2B | $126.5M | ||
| Q3 25 | $3.0B | $157.7M | ||
| Q2 25 | $2.7B | $159.5M | ||
| Q1 25 | $2.6B | $147.4M | ||
| Q4 24 | $2.3B | $229.5M | ||
| Q3 24 | $2.1B | $234.3M | ||
| Q2 24 | $1.9B | $237.1M | ||
| Q1 24 | $1.8B | $230.9M |
总资产AXONFORR
| Q4 25 | $7.0B | $404.0M | ||
| Q3 25 | $6.7B | $414.2M | ||
| Q2 25 | $6.2B | $436.0M | ||
| Q1 25 | $6.1B | $439.8M | ||
| Q4 24 | $4.5B | $503.9M | ||
| Q3 24 | $4.0B | $505.3M | ||
| Q2 24 | $3.7B | $524.2M | ||
| Q1 24 | $3.6B | $555.7M |
负债/权益比AXONFORR
| 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 | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $-4.3M |
| 自由现金流率自由现金流/营收 | 19.5% | -4.2% |
| 资本支出强度资本支出/营收 | 7.8% | 1.1% |
| 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 | $18.1M |
8季度趋势，按日历期对齐
经营现金流AXONFORR
| Q4 25 | $217.2M | $-3.2M | ||
| Q3 25 | $60.0M | $1.2M | ||
| Q2 25 | $-91.7M | $-3.6M | ||
| Q1 25 | $25.8M | $26.7M | ||
| Q4 24 | $250.2M | $-1.8M | ||
| Q3 24 | $91.3M | $264.0K | ||
| Q2 24 | $82.8M | $-2.9M | ||
| Q1 24 | $-15.9M | $611.0K |
自由现金流AXONFORR
| Q4 25 | $155.4M | $-4.3M | ||
| Q3 25 | $33.4M | $524.0K | ||
| Q2 25 | $-114.7M | $-4.2M | ||
| Q1 25 | $932.0K | $26.1M | ||
| Q4 24 | $225.4M | $-2.5M | ||
| Q3 24 | $64.8M | $-223.0K | ||
| Q2 24 | $71.4M | $-3.7M | ||
| Q1 24 | $-32.1M | $-815.0K |
自由现金流率AXONFORR
| Q4 25 | 19.5% | -4.2% | ||
| Q3 25 | 4.7% | 0.6% | ||
| Q2 25 | -17.2% | -3.8% | ||
| Q1 25 | 0.2% | 29.0% | ||
| Q4 24 | 39.3% | -2.3% | ||
| Q3 24 | 11.9% | -0.2% | ||
| Q2 24 | 14.2% | -3.1% | ||
| Q1 24 | -7.0% | -0.8% |
资本支出强度AXONFORR
| Q4 25 | 7.8% | 1.1% | ||
| Q3 25 | 3.7% | 0.7% | ||
| Q2 25 | 3.4% | 0.5% | ||
| Q1 25 | 4.1% | 0.7% | ||
| Q4 24 | 4.3% | 0.6% | ||
| Q3 24 | 4.9% | 0.5% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 3.5% | 1.4% |
现金转化率AXONFORR
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | -0.93× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | -4.24× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | -0.46× | ||
| 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% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
