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Axon Enterprise（AXON）与亨廷顿·英格尔斯工业（HII）财务数据对比。点击上方公司名可切换其他公司
亨廷顿·英格尔斯工业的季度营收约是Axon Enterprise的4.4倍（$3.5B vs $796.7M），亨廷顿·英格尔斯工业净利率更高（4.6% vs 0.3%，领先4.2%），Axon Enterprise同比增速更快（38.9% vs 15.7%），亨廷顿·英格尔斯工业自由现金流更多（$516.0M vs $155.4M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 11.3%）
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。
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
AXON vs HII — 直观对比
营收规模更大
HII
是对方的4.4倍
$796.7M
营收增速更快
AXON
高出23.2%
15.7%
净利率更高
HII
高出4.2%
0.3%
自由现金流更多
HII
多$360.6M
$155.4M
两年增速更快
AXON
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $3.5B |
| 净利润 | $2.7M | $159.0M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | 4.9% |
| 净利率 | 0.3% | 4.6% |
| 营收同比 | 38.9% | 15.7% |
| 净利润同比 | -98.0% | 29.3% |
| 每股收益（稀释后） | $0.02 | $4.06 |
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AXONHII
| Q4 25 | $796.7M | $3.5B | ||
| Q3 25 | $710.6M | $3.2B | ||
| Q2 25 | $668.5M | $3.1B | ||
| Q1 25 | $603.6M | $2.7B | ||
| Q4 24 | $573.4M | $3.0B | ||
| Q3 24 | $544.3M | $2.7B | ||
| Q2 24 | $504.1M | $3.0B | ||
| Q1 24 | $460.7M | $2.8B |
净利润AXONHII
| Q4 25 | $2.7M | $159.0M | ||
| Q3 25 | $-2.2M | $145.0M | ||
| Q2 25 | $36.1M | $152.0M | ||
| Q1 25 | $88.0M | $149.0M | ||
| Q4 24 | $136.0M | $123.0M | ||
| Q3 24 | $67.0M | $101.0M | ||
| Q2 24 | $40.8M | $173.0M | ||
| Q1 24 | $133.2M | $153.0M |
毛利率AXONHII
| 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AXONHII
| Q4 25 | -6.3% | 4.9% | ||
| Q3 25 | -0.3% | 5.0% | ||
| Q2 25 | -0.2% | 5.3% | ||
| Q1 25 | -1.5% | 5.9% | ||
| Q4 24 | -2.6% | 3.7% | ||
| Q3 24 | 4.4% | 3.0% | ||
| Q2 24 | 6.5% | 6.3% | ||
| Q1 24 | 3.5% | 5.5% |
净利率AXONHII
| Q4 25 | 0.3% | 4.6% | ||
| Q3 25 | -0.3% | 4.5% | ||
| Q2 25 | 5.4% | 4.9% | ||
| Q1 25 | 14.6% | 5.4% | ||
| Q4 24 | 23.7% | 4.1% | ||
| Q3 24 | 12.3% | 3.7% | ||
| Q2 24 | 8.1% | 5.8% | ||
| Q1 24 | 28.9% | 5.5% |
每股收益（稀释后）AXONHII
| Q4 25 | $0.02 | $4.06 | ||
| Q3 25 | $-0.03 | $3.68 | ||
| Q2 25 | $0.44 | $3.86 | ||
| Q1 25 | $1.08 | $3.79 | ||
| Q4 24 | $1.68 | $3.15 | ||
| Q3 24 | $0.86 | $2.56 | ||
| Q2 24 | $0.53 | $4.38 | ||
| Q1 24 | $1.73 | $3.87 |
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 | — |
| 总债务越低越好 | $1.8B | $2.7B |
| 股东权益账面价值 | $3.2B | $5.1B |
| 总资产 | $7.0B | $12.7B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资AXONHII
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $788.1M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $968.9M | — | ||
| Q1 24 | $964.1M | $10.0M |
总债务AXONHII
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONHII
| Q4 25 | $3.2B | $5.1B | ||
| Q3 25 | $3.0B | $5.0B | ||
| Q2 25 | $2.7B | $4.9B | ||
| Q1 25 | $2.6B | $4.8B | ||
| Q4 24 | $2.3B | $4.7B | ||
| Q3 24 | $2.1B | $4.2B | ||
| Q2 24 | $1.9B | $4.2B | ||
| Q1 24 | $1.8B | $4.1B |
总资产AXONHII
| Q4 25 | $7.0B | $12.7B | ||
| Q3 25 | $6.7B | $12.3B | ||
| Q2 25 | $6.2B | $12.1B | ||
| Q1 25 | $6.1B | $12.1B | ||
| Q4 24 | $4.5B | $12.1B | ||
| Q3 24 | $4.0B | $11.1B | ||
| Q2 24 | $3.7B | $11.3B | ||
| Q1 24 | $3.6B | $11.2B |
负债/权益比AXONHII
| Q4 25 | 0.56× | 0.53× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 0.58× | ||
| 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 | $650.0M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $516.0M |
| 自由现金流率自由现金流/营收 | 19.5% | 14.8% |
| 资本支出强度资本支出/营收 | 7.8% | 3.9% |
| 现金转化率经营现金流/净利润 | 79.14× | 4.09× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $794.0M |
8季度趋势，按日历期对齐
经营现金流AXONHII
| Q4 25 | $217.2M | $650.0M | ||
| Q3 25 | $60.0M | $118.0M | ||
| Q2 25 | $-91.7M | $823.0M | ||
| Q1 25 | $25.8M | $-395.0M | ||
| Q4 24 | $250.2M | $391.0M | ||
| Q3 24 | $91.3M | $213.0M | ||
| Q2 24 | $82.8M | $-9.0M | ||
| Q1 24 | $-15.9M | $-202.0M |
自由现金流AXONHII
| Q4 25 | $155.4M | $516.0M | ||
| Q3 25 | $33.4M | $13.0M | ||
| Q2 25 | $-114.7M | $727.0M | ||
| Q1 25 | $932.0K | $-462.0M | ||
| Q4 24 | $225.4M | $277.0M | ||
| Q3 24 | $64.8M | $125.0M | ||
| Q2 24 | $71.4M | $-99.0M | ||
| Q1 24 | $-32.1M | $-277.0M |
自由现金流率AXONHII
| Q4 25 | 19.5% | 14.8% | ||
| Q3 25 | 4.7% | 0.4% | ||
| Q2 25 | -17.2% | 23.6% | ||
| Q1 25 | 0.2% | -16.9% | ||
| Q4 24 | 39.3% | 9.2% | ||
| Q3 24 | 11.9% | 4.5% | ||
| Q2 24 | 14.2% | -3.3% | ||
| Q1 24 | -7.0% | -9.9% |
资本支出强度AXONHII
| Q4 25 | 7.8% | 3.9% | ||
| Q3 25 | 3.7% | 3.3% | ||
| Q2 25 | 3.4% | 3.1% | ||
| Q1 25 | 4.1% | 2.5% | ||
| Q4 24 | 4.3% | 3.8% | ||
| Q3 24 | 4.9% | 3.2% | ||
| Q2 24 | 2.2% | 3.0% | ||
| Q1 24 | 3.5% | 2.7% |
现金转化率AXONHII
| Q4 25 | 79.14× | 4.09× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | -2.54× | 5.41× | ||
| Q1 25 | 0.29× | -2.65× | ||
| Q4 24 | 1.84× | 3.18× | ||
| Q3 24 | 1.36× | 2.11× | ||
| Q2 24 | 2.03× | -0.05× | ||
| Q1 24 | -0.12× | -1.32× |
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% |
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
