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Axon Enterprise（AXON）与FTAI Aviation Ltd.（FTAI）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 Aviation Ltd.的1.2倍（$796.7M vs $662.0M）。FTAI Aviation Ltd.净利率更高（17.5% vs 0.3%，领先17.1%）。Axon Enterprise同比增速更快（38.9% vs 32.7%）。Axon Enterprise自由现金流更多（$155.4M vs $-189.3M）。过去两年FTAI Aviation Ltd.的营收复合增速更高（42.4% 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航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
AXON vs FTAI — 直观对比
营收规模更大
AXON
是对方的1.2倍
$662.0M
营收增速更快
AXON
高出6.2%
32.7%
净利率更高
FTAI
高出17.1%
0.3%
自由现金流更多
AXON
多$344.7M
$-189.3M
两年增速更快
FTAI
近两年复合增速
31.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $662.0M |
| 净利润 | $2.7M | $115.6M |
| 毛利率 | 57.9% | 44.3% |
| 营业利润率 | -6.3% | 20.3% |
| 净利率 | 0.3% | 17.5% |
| 营收同比 | 38.9% | 32.7% |
| 净利润同比 | -98.0% | 12.8% |
| 每股收益（稀释后） | $0.02 | $1.06 |
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AXONFTAI
| Q4 25 | $796.7M | $662.0M | ||
| Q3 25 | $710.6M | $667.1M | ||
| Q2 25 | $668.5M | $676.2M | ||
| Q1 25 | $603.6M | $502.1M | ||
| Q4 24 | $573.4M | $498.8M | ||
| Q3 24 | $544.3M | $465.8M | ||
| Q2 24 | $504.1M | $443.6M | ||
| Q1 24 | $460.7M | $326.7M |
净利润AXONFTAI
| Q4 25 | $2.7M | $115.6M | ||
| Q3 25 | $-2.2M | $117.7M | ||
| Q2 25 | $36.1M | $165.4M | ||
| Q1 25 | $88.0M | $102.4M | ||
| Q4 24 | $136.0M | $102.4M | ||
| Q3 24 | $67.0M | $86.5M | ||
| Q2 24 | $40.8M | $-219.9M | ||
| Q1 24 | $133.2M | $39.6M |
毛利率AXONFTAI
| Q4 25 | 57.9% | 44.3% | ||
| Q3 25 | 60.1% | 45.6% | ||
| Q2 25 | 60.4% | 45.4% | ||
| Q1 25 | 60.6% | 50.5% | ||
| Q4 24 | 60.5% | 48.3% | ||
| Q3 24 | 60.8% | 52.9% | ||
| Q2 24 | 60.3% | 53.6% | ||
| Q1 24 | 56.4% | 56.3% |
营业利润率AXONFTAI
| Q4 25 | -6.3% | 20.3% | ||
| Q3 25 | -0.3% | 21.6% | ||
| Q2 25 | -0.2% | 30.1% | ||
| Q1 25 | -1.5% | 24.9% | ||
| Q4 24 | -2.6% | 21.7% | ||
| Q3 24 | 4.4% | 20.1% | ||
| Q2 24 | 6.5% | -52.5% | ||
| Q1 24 | 3.5% | 13.8% |
净利率AXONFTAI
| Q4 25 | 0.3% | 17.5% | ||
| Q3 25 | -0.3% | 17.6% | ||
| Q2 25 | 5.4% | 24.5% | ||
| Q1 25 | 14.6% | 20.4% | ||
| Q4 24 | 23.7% | 20.5% | ||
| Q3 24 | 12.3% | 18.6% | ||
| Q2 24 | 8.1% | -49.6% | ||
| Q1 24 | 28.9% | 12.1% |
每股收益（稀释后）AXONFTAI
| Q4 25 | $0.02 | $1.06 | ||
| Q3 25 | $-0.03 | $1.10 | ||
| Q2 25 | $0.44 | $1.57 | ||
| Q1 25 | $1.08 | $0.87 | ||
| Q4 24 | $1.68 | $0.87 | ||
| Q3 24 | $0.86 | $0.76 | ||
| Q2 24 | $0.53 | $-2.26 | ||
| Q1 24 | $1.73 | $0.31 |
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 | $300.5M |
| 总债务越低越好 | $1.8B | $3.4B |
| 股东权益账面价值 | $3.2B | $334.2M |
| 总资产 | $7.0B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.56× | 10.32× |
8季度趋势，按日历期对齐
现金及短期投资AXONFTAI
| Q4 25 | $1.7B | $300.5M | ||
| Q3 25 | $2.4B | $509.9M | ||
| Q2 25 | $2.1B | $301.9M | ||
| Q1 25 | $2.2B | $112.1M | ||
| Q4 24 | $788.1M | $115.1M | ||
| Q3 24 | $1.0B | $111.9M | ||
| Q2 24 | $968.9M | $169.5M | ||
| Q1 24 | $964.1M | $65.2M |
总债务AXONFTAI
| Q4 25 | $1.8B | $3.4B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $2.0B | $3.4B | ||
| Q1 25 | $2.0B | $3.6B | ||
| Q4 24 | $680.3M | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $2.7B |
股东权益AXONFTAI
| Q4 25 | $3.2B | $334.2M | ||
| Q3 25 | $3.0B | $252.5M | ||
| Q2 25 | $2.7B | $164.9M | ||
| Q1 25 | $2.6B | $28.3M | ||
| Q4 24 | $2.3B | $81.4M | ||
| Q3 24 | $2.1B | $118.5M | ||
| Q2 24 | $1.9B | $69.6M | ||
| Q1 24 | $1.8B | $177.1M |
总资产AXONFTAI
| Q4 25 | $7.0B | $4.4B | ||
| Q3 25 | $6.7B | $4.2B | ||
| Q2 25 | $6.2B | $4.1B | ||
| Q1 25 | $6.1B | $4.3B | ||
| Q4 24 | $4.5B | $4.0B | ||
| Q3 24 | $4.0B | $3.7B | ||
| Q2 24 | $3.7B | $3.4B | ||
| Q1 24 | $3.6B | $3.2B |
负债/权益比AXONFTAI
| Q4 25 | 0.56× | 10.32× | ||
| Q3 25 | 0.66× | 13.65× | ||
| Q2 25 | 0.73× | 20.88× | ||
| Q1 25 | 0.79× | 128.56× | ||
| Q4 24 | 0.29× | 42.28× | ||
| Q3 24 | — | 27.15× | ||
| Q2 24 | — | 44.24× | ||
| Q1 24 | — | 15.21× |
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 | $-179.1M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $-189.3M |
| 自由现金流率自由现金流/营收 | 19.5% | -28.6% |
| 资本支出强度资本支出/营收 | 7.8% | 1.5% |
| 现金转化率经营现金流/净利润 | 79.14× | -1.55× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $-338.5M |
8季度趋势，按日历期对齐
经营现金流AXONFTAI
| Q4 25 | $217.2M | $-179.1M | ||
| Q3 25 | $60.0M | $4.6M | ||
| Q2 25 | $-91.7M | $-110.3M | ||
| Q1 25 | $25.8M | $-26.0M | ||
| Q4 24 | $250.2M | $-41.8M | ||
| Q3 24 | $91.3M | $41.5M | ||
| Q2 24 | $82.8M | $-187.3M | ||
| Q1 24 | $-15.9M | $-345.0K |
自由现金流AXONFTAI
| Q4 25 | $155.4M | $-189.3M | ||
| Q3 25 | $33.4M | $-1.8M | ||
| Q2 25 | $-114.7M | $-117.2M | ||
| Q1 25 | $932.0K | $-30.1M | ||
| Q4 24 | $225.4M | $-48.1M | ||
| Q3 24 | $64.8M | $41.0M | ||
| Q2 24 | $71.4M | $-188.4M | ||
| Q1 24 | $-32.1M | $-1.7M |
自由现金流率AXONFTAI
| Q4 25 | 19.5% | -28.6% | ||
| Q3 25 | 4.7% | -0.3% | ||
| Q2 25 | -17.2% | -17.3% | ||
| Q1 25 | 0.2% | -6.0% | ||
| Q4 24 | 39.3% | -9.6% | ||
| Q3 24 | 11.9% | 8.8% | ||
| Q2 24 | 14.2% | -42.5% | ||
| Q1 24 | -7.0% | -0.5% |
资本支出强度AXONFTAI
| Q4 25 | 7.8% | 1.5% | ||
| Q3 25 | 3.7% | 1.0% | ||
| Q2 25 | 3.4% | 1.0% | ||
| Q1 25 | 4.1% | 0.8% | ||
| Q4 24 | 4.3% | 1.3% | ||
| Q3 24 | 4.9% | 0.1% | ||
| Q2 24 | 2.2% | 0.3% | ||
| Q1 24 | 3.5% | 0.4% |
现金转化率AXONFTAI
| Q4 25 | 79.14× | -1.55× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | -2.54× | -0.67× | ||
| Q1 25 | 0.29× | -0.25× | ||
| Q4 24 | 1.84× | -0.41× | ||
| Q3 24 | 1.36× | 0.48× | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | -0.01× |
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% |
FTAI
| Aerospace Products | $355.5M | 54% |
| Other | $212.3M | 32% |
| Equipment Leasing Revenues | $49.2M | 7% |
| Maintenance | $43.4M | 7% |
| Manufactured Product Other | $1.6M | 0% |
