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Axon Enterprise（AXON）与伯克希尔·哈撒韦（HEI）财务数据对比。点击上方公司名可切换其他公司
伯克希尔·哈撒韦的季度营收约是Axon Enterprise的1.5倍（$1.2B vs $796.7M）。伯克希尔·哈撒韦净利率更高（15.6% vs 0.3%，领先15.2%）。Axon Enterprise同比增速更快（38.9% vs 19.3%）。伯克希尔·哈撒韦自由现金流更多（$268.5M vs $155.4M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 16.2%）
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。
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
AXON vs HEI — 直观对比
营收规模更大
HEI
是对方的1.5倍
$796.7M
营收增速更快
AXON
高出19.6%
19.3%
净利率更高
HEI
高出15.2%
0.3%
自由现金流更多
HEI
多$113.1M
$155.4M
两年增速更快
AXON
近两年复合增速
16.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.2B |
| 净利润 | $2.7M | $188.3M |
| 毛利率 | 57.9% | 40.2% |
| 营业利润率 | -6.3% | 23.1% |
| 净利率 | 0.3% | 15.6% |
| 营收同比 | 38.9% | 19.3% |
| 净利润同比 | -98.0% | 34.8% |
| 每股收益（稀释后） | $0.02 | $1.32 |
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AXONHEI
| Q4 25 | $796.7M | $1.2B | ||
| Q3 25 | $710.6M | $1.1B | ||
| Q2 25 | $668.5M | $1.1B | ||
| Q1 25 | $603.6M | $1.0B | ||
| Q4 24 | $573.4M | $1.0B | ||
| Q3 24 | $544.3M | $992.2M | ||
| Q2 24 | $504.1M | $955.4M | ||
| Q1 24 | $460.7M | $896.4M |
净利润AXONHEI
| Q4 25 | $2.7M | $188.3M | ||
| Q3 25 | $-2.2M | $177.3M | ||
| Q2 25 | $36.1M | $156.8M | ||
| Q1 25 | $88.0M | $168.0M | ||
| Q4 24 | $136.0M | $139.7M | ||
| Q3 24 | $67.0M | $136.6M | ||
| Q2 24 | $40.8M | $123.1M | ||
| Q1 24 | $133.2M | $114.7M |
毛利率AXONHEI
| Q4 25 | 57.9% | 40.2% | ||
| Q3 25 | 60.1% | 39.8% | ||
| Q2 25 | 60.4% | 39.9% | ||
| Q1 25 | 60.6% | 39.4% | ||
| Q4 24 | 60.5% | 38.9% | ||
| Q3 24 | 60.8% | 39.2% | ||
| Q2 24 | 60.3% | 38.9% | ||
| Q1 24 | 56.4% | 38.7% |
营业利润率AXONHEI
| Q4 25 | -6.3% | 23.1% | ||
| Q3 25 | -0.3% | 23.1% | ||
| Q2 25 | -0.2% | 22.6% | ||
| Q1 25 | -1.5% | 22.0% | ||
| Q4 24 | -2.6% | 21.6% | ||
| Q3 24 | 4.4% | 21.8% | ||
| Q2 24 | 6.5% | 21.9% | ||
| Q1 24 | 3.5% | 20.1% |
净利率AXONHEI
| Q4 25 | 0.3% | 15.6% | ||
| Q3 25 | -0.3% | 15.5% | ||
| Q2 25 | 5.4% | 14.3% | ||
| Q1 25 | 14.6% | 16.3% | ||
| Q4 24 | 23.7% | 13.8% | ||
| Q3 24 | 12.3% | 13.8% | ||
| Q2 24 | 8.1% | 12.9% | ||
| Q1 24 | 28.9% | 12.8% |
每股收益（稀释后）AXONHEI
| Q4 25 | $0.02 | $1.32 | ||
| Q3 25 | $-0.03 | $1.26 | ||
| Q2 25 | $0.44 | $1.12 | ||
| Q1 25 | $1.08 | $1.20 | ||
| Q4 24 | $1.68 | $1.00 | ||
| Q3 24 | $0.86 | $0.97 | ||
| Q2 24 | $0.53 | $0.88 | ||
| Q1 24 | $1.73 | $0.82 |
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 | $217.8M |
| 总债务越低越好 | $1.8B | $2.2B |
| 股东权益账面价值 | $3.2B | $4.3B |
| 总资产 | $7.0B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资AXONHEI
| Q4 25 | $1.7B | $217.8M | ||
| Q3 25 | $2.4B | $261.9M | ||
| Q2 25 | $2.1B | $242.3M | ||
| Q1 25 | $2.2B | $165.5M | ||
| Q4 24 | $788.1M | $162.1M | ||
| Q3 24 | $1.0B | $202.9M | ||
| Q2 24 | $968.9M | $204.2M | ||
| Q1 24 | $964.1M | $196.3M |
总债务AXONHEI
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $680.3M | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.5B |
股东权益AXONHEI
| Q4 25 | $3.2B | $4.3B | ||
| Q3 25 | $3.0B | $4.1B | ||
| Q2 25 | $2.7B | $4.0B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.3B | $3.6B | ||
| Q3 24 | $2.1B | $3.5B | ||
| Q2 24 | $1.9B | $3.4B | ||
| Q1 24 | $1.8B | $3.3B |
总资产AXONHEI
| Q4 25 | $7.0B | $8.5B | ||
| Q3 25 | $6.7B | $8.5B | ||
| Q2 25 | $6.2B | $8.1B | ||
| Q1 25 | $6.1B | $7.9B | ||
| Q4 24 | $4.5B | $7.6B | ||
| Q3 24 | $4.0B | $7.4B | ||
| Q2 24 | $3.7B | $7.4B | ||
| Q1 24 | $3.6B | $7.3B |
负债/权益比AXONHEI
| Q4 25 | 0.56× | 0.50× | ||
| Q3 25 | 0.66× | 0.59× | ||
| Q2 25 | 0.73× | 0.57× | ||
| Q1 25 | 0.79× | 0.63× | ||
| Q4 24 | 0.29× | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.76× |
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 | $295.3M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $268.5M |
| 自由现金流率自由现金流/营收 | 19.5% | 22.2% |
| 资本支出强度资本支出/营收 | 7.8% | 2.2% |
| 现金转化率经营现金流/净利润 | 79.14× | 1.57× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $861.4M |
8季度趋势，按日历期对齐
经营现金流AXONHEI
| Q4 25 | $217.2M | $295.3M | ||
| Q3 25 | $60.0M | $231.2M | ||
| Q2 25 | $-91.7M | $204.7M | ||
| Q1 25 | $25.8M | $203.0M | ||
| Q4 24 | $250.2M | $205.6M | ||
| Q3 24 | $91.3M | $214.0M | ||
| Q2 24 | $82.8M | $141.1M | ||
| Q1 24 | $-15.9M | $111.7M |
自由现金流AXONHEI
| Q4 25 | $155.4M | $268.5M | ||
| Q3 25 | $33.4M | $218.5M | ||
| Q2 25 | $-114.7M | $188.7M | ||
| Q1 25 | $932.0K | $185.7M | ||
| Q4 24 | $225.4M | $189.5M | ||
| Q3 24 | $64.8M | $198.1M | ||
| Q2 24 | $71.4M | $128.2M | ||
| Q1 24 | $-32.1M | $98.3M |
自由现金流率AXONHEI
| Q4 25 | 19.5% | 22.2% | ||
| Q3 25 | 4.7% | 19.0% | ||
| Q2 25 | -17.2% | 17.2% | ||
| Q1 25 | 0.2% | 18.0% | ||
| Q4 24 | 39.3% | 18.7% | ||
| Q3 24 | 11.9% | 20.0% | ||
| Q2 24 | 14.2% | 13.4% | ||
| Q1 24 | -7.0% | 11.0% |
资本支出强度AXONHEI
| Q4 25 | 7.8% | 2.2% | ||
| Q3 25 | 3.7% | 1.1% | ||
| Q2 25 | 3.4% | 1.5% | ||
| Q1 25 | 4.1% | 1.7% | ||
| Q4 24 | 4.3% | 1.6% | ||
| Q3 24 | 4.9% | 1.6% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 3.5% | 1.5% |
现金转化率AXONHEI
| Q4 25 | 79.14× | 1.57× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | -2.54× | 1.31× | ||
| Q1 25 | 0.29× | 1.21× | ||
| Q4 24 | 1.84× | 1.47× | ||
| Q3 24 | 1.36× | 1.57× | ||
| Q2 24 | 2.03× | 1.15× | ||
| Q1 24 | -0.12× | 0.97× |
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% |
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
