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Axon Enterprise（AXON）与HERC HOLDINGS INC（HRI）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HERC HOLDINGS INC的26.5倍（$796.7M vs $30.1M）。Axon Enterprise净利率更高（0.3% vs -331.7%，领先332.0%）。HERC HOLDINGS INC同比增速更快（629.3% vs 38.9%）。Axon Enterprise自由现金流更多（$155.4M vs $-14.3M）。过去两年HERC HOLDINGS INC的营收复合增速更高（594.1% 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。
Herc Holdings Inc.是北美领先的设备租赁服务供应商，主营工程重型机械、电动工具、临时供电及温控系统租赁业务，服务覆盖建筑、工业、商业活动、基建及政府等领域，业务遍布美国与加拿大。
AXON vs HRI — 直观对比
营收规模更大
AXON
是对方的26.5倍
$30.1M
营收增速更快
HRI
高出590.3%
38.9%
净利率更高
AXON
高出332.0%
-331.7%
自由现金流更多
AXON
多$169.8M
$-14.3M
两年增速更快
HRI
近两年复合增速
31.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $30.1M |
| 净利润 | $2.7M | $-99.9M |
| 毛利率 | 57.9% | 42.3% |
| 营业利润率 | -6.3% | -77.4% |
| 净利率 | 0.3% | -331.7% |
| 营收同比 | 38.9% | 629.3% |
| 净利润同比 | -98.0% | -866.2% |
| 每股收益（稀释后） | $0.02 | $-0.36 |
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AXONHRI
| Q4 25 | $796.7M | $30.1M | ||
| Q3 25 | $710.6M | $10.1M | ||
| Q2 25 | $668.5M | $6.3M | ||
| Q1 25 | $603.6M | $4.2M | ||
| Q4 24 | $573.4M | $4.1M | ||
| Q3 24 | $544.3M | $1.5M | ||
| Q2 24 | $504.1M | $957.9K | ||
| Q1 24 | $460.7M | $625.0K |
净利润AXONHRI
| Q4 25 | $2.7M | $-99.9M | ||
| Q3 25 | $-2.2M | $-7.5M | ||
| Q2 25 | $36.1M | $-10.8M | ||
| Q1 25 | $88.0M | $-14.1M | ||
| Q4 24 | $136.0M | $-10.3M | ||
| Q3 24 | $67.0M | $-9.5M | ||
| Q2 24 | $40.8M | $-8.3M | ||
| Q1 24 | $133.2M | $-9.9M |
毛利率AXONHRI
| Q4 25 | 57.9% | 42.3% | ||
| Q3 25 | 60.1% | 25.8% | ||
| Q2 25 | 60.4% | 53.1% | ||
| Q1 25 | 60.6% | 35.0% | ||
| Q4 24 | 60.5% | 21.4% | ||
| Q3 24 | 60.8% | 3.2% | ||
| Q2 24 | 60.3% | -19.9% | ||
| Q1 24 | 56.4% | -63.2% |
营业利润率AXONHRI
| Q4 25 | -6.3% | -77.4% | ||
| Q3 25 | -0.3% | -153.5% | ||
| Q2 25 | -0.2% | -147.4% | ||
| Q1 25 | -1.5% | -242.7% | ||
| Q4 24 | -2.6% | -206.3% | ||
| Q3 24 | 4.4% | -584.9% | ||
| Q2 24 | 6.5% | -866.9% | ||
| Q1 24 | 3.5% | -1460.3% |
净利率AXONHRI
| Q4 25 | 0.3% | -331.7% | ||
| Q3 25 | -0.3% | -74.1% | ||
| Q2 25 | 5.4% | -171.4% | ||
| Q1 25 | 14.6% | -332.8% | ||
| Q4 24 | 23.7% | -250.3% | ||
| Q3 24 | 12.3% | -643.3% | ||
| Q2 24 | 8.1% | -863.4% | ||
| Q1 24 | 28.9% | -1580.2% |
每股收益（稀释后）AXONHRI
| Q4 25 | $0.02 | $-0.36 | ||
| Q3 25 | $-0.03 | $-0.03 | ||
| Q2 25 | $0.44 | $-0.08 | ||
| Q1 25 | $1.08 | $-0.15 | ||
| Q4 24 | $1.68 | $-0.15 | ||
| Q3 24 | $0.86 | $-0.15 | ||
| Q2 24 | $0.53 | $-0.14 | ||
| Q1 24 | $1.73 | $-0.17 |
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 | $550.7M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $437.8M |
| 总资产 | $7.0B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资AXONHRI
| Q4 25 | $1.7B | $550.7M | ||
| Q3 25 | $2.4B | $432.8M | ||
| Q2 25 | $2.1B | $67.6M | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $788.1M | $30.0M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $968.9M | — | ||
| Q1 24 | $964.1M | — |
总债务AXONHRI
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $300.0K | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONHRI
| Q4 25 | $3.2B | $437.8M | ||
| Q3 25 | $3.0B | $486.1M | ||
| Q2 25 | $2.7B | $90.8M | ||
| Q1 25 | $2.6B | $26.1M | ||
| Q4 24 | $2.3B | $16.6M | ||
| Q3 24 | $2.1B | $14.9M | ||
| Q2 24 | $1.9B | $19.4M | ||
| Q1 24 | $1.8B | $27.8M |
总资产AXONHRI
| Q4 25 | $7.0B | $1.1B | ||
| Q3 25 | $6.7B | $550.2M | ||
| Q2 25 | $6.2B | $152.0M | ||
| Q1 25 | $6.1B | $104.6M | ||
| Q4 24 | $4.5B | $109.6M | ||
| Q3 24 | $4.0B | $80.2M | ||
| Q2 24 | $3.7B | $82.5M | ||
| Q1 24 | $3.6B | $91.6M |
负债/权益比AXONHRI
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 0.02× | ||
| 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 | $-12.7M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $-14.3M |
| 自由现金流率自由现金流/营收 | 19.5% | -47.6% |
| 资本支出强度资本支出/营收 | 7.8% | 5.3% |
| 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 | $-40.8M |
8季度趋势，按日历期对齐
经营现金流AXONHRI
| Q4 25 | $217.2M | $-12.7M | ||
| Q3 25 | $60.0M | $-11.0M | ||
| Q2 25 | $-91.7M | $-8.4M | ||
| Q1 25 | $25.8M | $-6.7M | ||
| Q4 24 | $250.2M | $-8.1M | ||
| Q3 24 | $91.3M | $-9.1M | ||
| Q2 24 | $82.8M | $-8.8M | ||
| Q1 24 | $-15.9M | $-7.5M |
自由现金流AXONHRI
| Q4 25 | $155.4M | $-14.3M | ||
| Q3 25 | $33.4M | $-11.1M | ||
| Q2 25 | $-114.7M | $-8.5M | ||
| Q1 25 | $932.0K | $-6.8M | ||
| Q4 24 | $225.4M | $-8.1M | ||
| Q3 24 | $64.8M | $-9.8M | ||
| Q2 24 | $71.4M | $-9.9M | ||
| Q1 24 | $-32.1M | $-8.6M |
自由现金流率AXONHRI
| Q4 25 | 19.5% | -47.6% | ||
| Q3 25 | 4.7% | -110.2% | ||
| Q2 25 | -17.2% | -135.5% | ||
| Q1 25 | 0.2% | -160.8% | ||
| Q4 24 | 39.3% | -197.1% | ||
| Q3 24 | 11.9% | -659.2% | ||
| Q2 24 | 14.2% | -1035.0% | ||
| Q1 24 | -7.0% | -1383.0% |
资本支出强度AXONHRI
| Q4 25 | 7.8% | 5.3% | ||
| Q3 25 | 3.7% | 1.7% | ||
| Q2 25 | 3.4% | 1.5% | ||
| Q1 25 | 4.1% | 4.0% | ||
| Q4 24 | 4.3% | 0.7% | ||
| Q3 24 | 4.9% | 45.6% | ||
| Q2 24 | 2.2% | 114.2% | ||
| Q1 24 | 3.5% | 190.1% |
现金转化率AXONHRI
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| 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% |
HRI
| Sales Of New Equipment | $9.0M | 30% |
| Sales Of Parts And Supplies | $8.0M | 27% |
| Other | $7.1M | 24% |
| Serviceand Other Revenue | $6.0M | 20% |
