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Axon Enterprise（AXON）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Axon Enterprise的季度营收约是六旗的1.2倍（$796.7M vs $650.1M），Axon Enterprise净利率更高（0.3% vs -14.2%，领先14.6%），Axon Enterprise自由现金流更多（$155.4M vs $-109.3M）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
AXON vs FUN — 直观对比
营收规模更大
AXON
是对方的1.2倍
$650.1M
净利率更高
AXON
高出14.6%
-14.2%
自由现金流更多
AXON
多$264.7M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $650.1M |
| 净利润 | $2.7M | $-92.4M |
| 毛利率 | 57.9% | 91.4% |
| 营业利润率 | -6.3% | -3.8% |
| 净利率 | 0.3% | -14.2% |
| 营收同比 | 38.9% | — |
| 净利润同比 | -98.0% | — |
| 每股收益（稀释后） | $0.02 | $-0.93 |
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AXONFUN
| Q4 25 | $796.7M | $650.1M | ||
| Q3 25 | $710.6M | $1.3B | ||
| Q2 25 | $668.5M | $930.4M | ||
| Q1 25 | $603.6M | $202.1M | ||
| Q4 24 | $573.4M | — | ||
| Q3 24 | $544.3M | $1.3B | ||
| Q2 24 | $504.1M | $571.6M | ||
| Q1 24 | $460.7M | — |
净利润AXONFUN
| Q4 25 | $2.7M | $-92.4M | ||
| Q3 25 | $-2.2M | $-1.2B | ||
| Q2 25 | $36.1M | $-99.6M | ||
| Q1 25 | $88.0M | $-219.7M | ||
| Q4 24 | $136.0M | — | ||
| Q3 24 | $67.0M | $111.0M | ||
| Q2 24 | $40.8M | $55.6M | ||
| Q1 24 | $133.2M | — |
毛利率AXONFUN
| Q4 25 | 57.9% | 91.4% | ||
| Q3 25 | 60.1% | 91.6% | ||
| Q2 25 | 60.4% | 91.3% | ||
| Q1 25 | 60.6% | 89.3% | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | 91.9% | ||
| Q2 24 | 60.3% | 90.7% | ||
| Q1 24 | 56.4% | — |
营业利润率AXONFUN
| Q4 25 | -6.3% | -3.8% | ||
| Q3 25 | -0.3% | -83.7% | ||
| Q2 25 | -0.2% | 8.0% | ||
| Q1 25 | -1.5% | -158.9% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 4.4% | 19.5% | ||
| Q2 24 | 6.5% | 21.6% | ||
| Q1 24 | 3.5% | — |
净利率AXONFUN
| Q4 25 | 0.3% | -14.2% | ||
| Q3 25 | -0.3% | -90.1% | ||
| Q2 25 | 5.4% | -10.7% | ||
| Q1 25 | 14.6% | -108.7% | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 12.3% | 8.2% | ||
| Q2 24 | 8.1% | 9.7% | ||
| Q1 24 | 28.9% | — |
每股收益（稀释后）AXONFUN
| Q4 25 | $0.02 | $-0.93 | ||
| Q3 25 | $-0.03 | $-11.77 | ||
| Q2 25 | $0.44 | $-0.99 | ||
| Q1 25 | $1.08 | $-2.20 | ||
| Q4 24 | $1.68 | — | ||
| Q3 24 | $0.86 | $1.10 | ||
| Q2 24 | $0.53 | — | ||
| Q1 24 | $1.73 | — |
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 | $91.1M |
| 总债务越低越好 | $1.8B | $5.2B |
| 股东权益账面价值 | $3.2B | $549.8M |
| 总资产 | $7.0B | $7.8B |
| 负债/权益比越低杠杆越低 | 0.56× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资AXONFUN
| Q4 25 | $1.7B | $91.1M | ||
| Q3 25 | $2.4B | $70.7M | ||
| Q2 25 | $2.1B | $107.4M | ||
| Q1 25 | $2.2B | $61.5M | ||
| Q4 24 | $788.1M | — | ||
| Q3 24 | $1.0B | $89.7M | ||
| Q2 24 | $968.9M | $52.9M | ||
| Q1 24 | $964.1M | — |
总债务AXONFUN
| Q4 25 | $1.8B | $5.2B | ||
| Q3 25 | $2.0B | $5.0B | ||
| Q2 25 | $2.0B | $5.3B | ||
| Q1 25 | $2.0B | $5.0B | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | — |
股东权益AXONFUN
| Q4 25 | $3.2B | $549.8M | ||
| Q3 25 | $3.0B | $614.3M | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.8B | — |
总资产AXONFUN
| Q4 25 | $7.0B | $7.8B | ||
| Q3 25 | $6.7B | $7.9B | ||
| Q2 25 | $6.2B | $9.5B | ||
| Q1 25 | $6.1B | $9.2B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.0B | $9.4B | ||
| Q2 24 | $3.7B | $2.3B | ||
| Q1 24 | $3.6B | — |
负债/权益比AXONFUN
| Q4 25 | 0.56× | 9.40× | ||
| Q3 25 | 0.66× | 8.16× | ||
| Q2 25 | 0.73× | 2.97× | ||
| Q1 25 | 0.79× | 2.75× | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | 1.95× | ||
| 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 | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $-109.3M |
| 自由现金流率自由现金流/营收 | 19.5% | -16.8% |
| 资本支出强度资本支出/营收 | 7.8% | 11.0% |
| 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 | $-152.2M |
8季度趋势，按日历期对齐
经营现金流AXONFUN
| Q4 25 | $217.2M | $-37.7M | ||
| Q3 25 | $60.0M | $356.2M | ||
| Q2 25 | $-91.7M | $187.0M | ||
| Q1 25 | $25.8M | $-178.0M | ||
| Q4 24 | $250.2M | — | ||
| Q3 24 | $91.3M | $337.4M | ||
| Q2 24 | $82.8M | — | ||
| Q1 24 | $-15.9M | — |
自由现金流AXONFUN
| Q4 25 | $155.4M | $-109.3M | ||
| Q3 25 | $33.4M | $256.2M | ||
| Q2 25 | $-114.7M | $18.8M | ||
| Q1 25 | $932.0K | $-318.0M | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | $227.7M | ||
| Q2 24 | $71.4M | — | ||
| Q1 24 | $-32.1M | — |
自由现金流率AXONFUN
| Q4 25 | 19.5% | -16.8% | ||
| Q3 25 | 4.7% | 19.4% | ||
| Q2 25 | -17.2% | 2.0% | ||
| Q1 25 | 0.2% | -157.4% | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | 16.9% | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | — |
资本支出强度AXONFUN
| Q4 25 | 7.8% | 11.0% | ||
| Q3 25 | 3.7% | 7.6% | ||
| Q2 25 | 3.4% | 18.1% | ||
| Q1 25 | 4.1% | 69.3% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | 8.1% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | — |
现金转化率AXONFUN
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | 3.04× | ||
| 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% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
