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Axon Enterprise（AXON）与通用动力（GD）财务数据对比。点击上方公司名可切换其他公司
通用动力的季度营收约是Axon Enterprise的18.0倍（$14.4B vs $796.7M），通用动力净利率更高（7.9% vs 0.3%，领先7.6%），Axon Enterprise同比增速更快（38.9% vs 7.8%），通用动力自由现金流更多（$952.0M vs $155.4M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 15.8%）
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。
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
AXON vs GD — 直观对比
营收规模更大
GD
是对方的18.0倍
$796.7M
营收增速更快
AXON
高出31.1%
7.8%
净利率更高
GD
高出7.6%
0.3%
自由现金流更多
GD
多$796.6M
$155.4M
两年增速更快
AXON
近两年复合增速
15.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $14.4B |
| 净利润 | $2.7M | $1.1B |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | 10.1% |
| 净利率 | 0.3% | 7.9% |
| 营收同比 | 38.9% | 7.8% |
| 净利润同比 | -98.0% | -0.4% |
| 每股收益（稀释后） | $0.02 | — |
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AXONGD
| Q4 25 | $796.7M | $14.4B | ||
| Q3 25 | $710.6M | $12.9B | ||
| Q2 25 | $668.5M | $13.0B | ||
| Q1 25 | $603.6M | $12.2B | ||
| Q4 24 | $573.4M | $13.3B | ||
| Q3 24 | $544.3M | $11.7B | ||
| Q2 24 | $504.1M | $12.0B | ||
| Q1 24 | $460.7M | $10.7B |
净利润AXONGD
| Q4 25 | $2.7M | $1.1B | ||
| Q3 25 | $-2.2M | $1.1B | ||
| Q2 25 | $36.1M | $1.0B | ||
| Q1 25 | $88.0M | $994.0M | ||
| Q4 24 | $136.0M | $1.1B | ||
| Q3 24 | $67.0M | $930.0M | ||
| Q2 24 | $40.8M | $905.0M | ||
| Q1 24 | $133.2M | $799.0M |
毛利率AXONGD
| 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AXONGD
| Q4 25 | -6.3% | 10.1% | ||
| Q3 25 | -0.3% | 10.3% | ||
| Q2 25 | -0.2% | 10.0% | ||
| Q1 25 | -1.5% | 10.4% | ||
| Q4 24 | -2.6% | 10.7% | ||
| Q3 24 | 4.4% | 10.1% | ||
| Q2 24 | 6.5% | 9.7% | ||
| Q1 24 | 3.5% | 9.7% |
净利率AXONGD
| Q4 25 | 0.3% | 7.9% | ||
| Q3 25 | -0.3% | 8.2% | ||
| Q2 25 | 5.4% | 7.8% | ||
| Q1 25 | 14.6% | 8.1% | ||
| Q4 24 | 23.7% | 8.6% | ||
| Q3 24 | 12.3% | 8.0% | ||
| Q2 24 | 8.1% | 7.6% | ||
| Q1 24 | 28.9% | 7.4% |
每股收益（稀释后）AXONGD
| Q4 25 | $0.02 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $1.08 | — | ||
| Q4 24 | $1.68 | — | ||
| Q3 24 | $0.86 | — | ||
| 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 | $2.3B |
| 总债务越低越好 | $1.8B | $8.1B |
| 股东权益账面价值 | $3.2B | $25.6B |
| 总资产 | $7.0B | $57.2B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资AXONGD
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $2.4B | $2.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $788.1M | $1.7B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $968.9M | $1.4B | ||
| Q1 24 | $964.1M | $1.0B |
总债务AXONGD
| Q4 25 | $1.8B | $8.1B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $8.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONGD
| Q4 25 | $3.2B | $25.6B | ||
| Q3 25 | $3.0B | $24.4B | ||
| Q2 25 | $2.7B | $23.6B | ||
| Q1 25 | $2.6B | $22.2B | ||
| Q4 24 | $2.3B | $22.1B | ||
| Q3 24 | $2.1B | $23.0B | ||
| Q2 24 | $1.9B | $22.0B | ||
| Q1 24 | $1.8B | $21.4B |
总资产AXONGD
| Q4 25 | $7.0B | $57.2B | ||
| Q3 25 | $6.7B | $57.6B | ||
| Q2 25 | $6.2B | $56.9B | ||
| Q1 25 | $6.1B | $56.6B | ||
| Q4 24 | $4.5B | $55.9B | ||
| Q3 24 | $4.0B | $57.3B | ||
| Q2 24 | $3.7B | $55.4B | ||
| Q1 24 | $3.6B | $55.2B |
负债/权益比AXONGD
| Q4 25 | 0.56× | 0.32× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 0.40× | ||
| 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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $952.0M |
| 自由现金流率自由现金流/营收 | 19.5% | 6.6% |
| 资本支出强度资本支出/营收 | 7.8% | 4.2% |
| 现金转化率经营现金流/净利润 | 79.14× | 1.37× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $4.0B |
8季度趋势，按日历期对齐
经营现金流AXONGD
| Q4 25 | $217.2M | $1.6B | ||
| Q3 25 | $60.0M | $2.1B | ||
| Q2 25 | $-91.7M | $1.6B | ||
| Q1 25 | $25.8M | $-148.0M | ||
| Q4 24 | $250.2M | $2.2B | ||
| Q3 24 | $91.3M | $1.4B | ||
| Q2 24 | $82.8M | $814.0M | ||
| Q1 24 | $-15.9M | $-278.0M |
自由现金流AXONGD
| Q4 25 | $155.4M | $952.0M | ||
| Q3 25 | $33.4M | $1.9B | ||
| Q2 25 | $-114.7M | $1.4B | ||
| Q1 25 | $932.0K | $-290.0M | ||
| Q4 24 | $225.4M | $1.8B | ||
| Q3 24 | $64.8M | $1.2B | ||
| Q2 24 | $71.4M | $613.0M | ||
| Q1 24 | $-32.1M | $-437.0M |
自由现金流率AXONGD
| Q4 25 | 19.5% | 6.6% | ||
| Q3 25 | 4.7% | 14.7% | ||
| Q2 25 | -17.2% | 10.7% | ||
| Q1 25 | 0.2% | -2.4% | ||
| Q4 24 | 39.3% | 13.5% | ||
| Q3 24 | 11.9% | 10.4% | ||
| Q2 24 | 14.2% | 5.1% | ||
| Q1 24 | -7.0% | -4.1% |
资本支出强度AXONGD
| Q4 25 | 7.8% | 4.2% | ||
| Q3 25 | 3.7% | 1.6% | ||
| Q2 25 | 3.4% | 1.5% | ||
| Q1 25 | 4.1% | 1.2% | ||
| Q4 24 | 4.3% | 2.7% | ||
| Q3 24 | 4.9% | 1.7% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 3.5% | 1.5% |
现金转化率AXONGD
| Q4 25 | 79.14× | 1.37× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | -2.54× | 1.58× | ||
| Q1 25 | 0.29× | -0.15× | ||
| Q4 24 | 1.84× | 1.88× | ||
| Q3 24 | 1.36× | 1.52× | ||
| Q2 24 | 2.03× | 0.90× | ||
| Q1 24 | -0.12× | -0.35× |
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% |
GD
| Aerospace | $3.8B | 26% |
| Cost Reimbursement | $2.5B | 17% |
| Information Technology Services | $2.1B | 15% |
| Militaryvehicles | $1.2B | 9% |
| C5ISR Solutions | $1.1B | 8% |
| Aircraft Services | $965.0M | 7% |
| Weapons Systemsand Munitions | $935.0M | 7% |
| Surfaceships | $920.0M | 6% |
| Engineeringand Other Services | $360.0M | 3% |
| Repairand Other Services | $344.0M | 2% |
| Contracts Accounted For Under Percentage Of Completion | $88.0M | 1% |
