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Axon Enterprise（AXON）与海斯特耶鲁（HY）财务数据对比。点击上方公司名可切换其他公司
海斯特耶鲁的季度营收约是Axon Enterprise的1.2倍（$923.2M vs $796.7M）。Axon Enterprise净利率更高（0.3% vs -5.7%，领先6.0%）。Axon Enterprise同比增速更快（38.9% vs -13.5%）。Axon Enterprise自由现金流更多（$155.4M vs $32.9M）
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。
海斯特-耶鲁物料搬运公司通过其全资运营子公司海斯特-耶鲁集团，主要以海斯特与耶鲁品牌在全球范围设计研发、生产销售全系列叉车，并提供售后配件与相关服务。该公司2002年起就在NACCO工业集团内独立运营，最终于2012年从NACCO分拆独立。
AXON vs HY — 直观对比
营收规模更大
HY
是对方的1.2倍
$796.7M
营收增速更快
AXON
高出52.5%
-13.5%
净利率更高
AXON
高出6.0%
-5.7%
自由现金流更多
AXON
多$122.5M
$32.9M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $923.2M |
| 净利润 | $2.7M | $-52.5M |
| 毛利率 | 57.9% | 14.2% |
| 营业利润率 | -6.3% | -4.0% |
| 净利率 | 0.3% | -5.7% |
| 营收同比 | 38.9% | -13.5% |
| 净利润同比 | -98.0% | -609.7% |
| 每股收益（稀释后） | $0.02 | $-2.96 |
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AXONHY
| Q4 25 | $796.7M | $923.2M | ||
| Q3 25 | $710.6M | $0 | ||
| Q2 25 | $668.5M | $0 | ||
| Q1 25 | $603.6M | $0 | ||
| Q4 24 | $573.4M | $1.1B | ||
| Q3 24 | $544.3M | $0 | ||
| Q2 24 | $504.1M | $0 | ||
| Q1 24 | $460.7M | $0 |
净利润AXONHY
| Q4 25 | $2.7M | $-52.5M | ||
| Q3 25 | $-2.2M | $-2.3M | ||
| Q2 25 | $36.1M | $-13.9M | ||
| Q1 25 | $88.0M | $8.6M | ||
| Q4 24 | $136.0M | $10.3M | ||
| Q3 24 | $67.0M | $17.2M | ||
| Q2 24 | $40.8M | $63.3M | ||
| Q1 24 | $133.2M | $51.5M |
毛利率AXONHY
| Q4 25 | 57.9% | 14.2% | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | 19.4% | ||
| Q3 24 | 60.8% | — | ||
| Q2 24 | 60.3% | — | ||
| Q1 24 | 56.4% | — |
营业利润率AXONHY
| Q4 25 | -6.3% | -4.0% | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | -2.6% | 3.0% | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 3.5% | — |
净利率AXONHY
| Q4 25 | 0.3% | -5.7% | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 23.7% | 1.0% | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | 28.9% | — |
每股收益（稀释后）AXONHY
| Q4 25 | $0.02 | $-2.96 | ||
| Q3 25 | $-0.03 | $-0.13 | ||
| Q2 25 | $0.44 | $-0.79 | ||
| Q1 25 | $1.08 | $0.48 | ||
| Q4 24 | $1.68 | $0.56 | ||
| Q3 24 | $0.86 | $0.97 | ||
| Q2 24 | $0.53 | $3.58 | ||
| Q1 24 | $1.73 | $2.93 |
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 | $251.9M |
| 股东权益账面价值 | $3.2B | $472.0M |
| 总资产 | $7.0B | $2.0B |
| 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AXONHY
| 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 | — |
总债务AXONHY
| Q4 25 | $1.8B | $251.9M | ||
| Q3 25 | $2.0B | $252.2M | ||
| Q2 25 | $2.0B | $245.2M | ||
| Q1 25 | $2.0B | $242.6M | ||
| Q4 24 | $680.3M | $241.9M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | — | $248.5M | ||
| Q1 24 | — | $239.7M |
股东权益AXONHY
| Q4 25 | $3.2B | $472.0M | ||
| Q3 25 | $3.0B | $536.0M | ||
| Q2 25 | $2.7B | $544.7M | ||
| Q1 25 | $2.6B | $510.0M | ||
| Q4 24 | $2.3B | $475.1M | ||
| Q3 24 | $2.1B | $529.9M | ||
| Q2 24 | $1.9B | $465.7M | ||
| Q1 24 | $1.8B | $412.1M |
总资产AXONHY
| Q4 25 | $7.0B | $2.0B | ||
| Q3 25 | $6.7B | $2.1B | ||
| Q2 25 | $6.2B | $2.1B | ||
| Q1 25 | $6.1B | $2.1B | ||
| Q4 24 | $4.5B | $2.0B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $3.7B | $2.1B | ||
| Q1 24 | $3.6B | $2.1B |
负债/权益比AXONHY
| Q4 25 | 0.56× | 0.53× | ||
| Q3 25 | 0.66× | 0.47× | ||
| Q2 25 | 0.73× | 0.45× | ||
| Q1 25 | 0.79× | 0.48× | ||
| Q4 24 | 0.29× | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.58× |
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 | $56.5M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $32.9M |
| 自由现金流率自由现金流/营收 | 19.5% | 3.6% |
| 资本支出强度资本支出/营收 | 7.8% | 2.6% |
| 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 | $23.6M |
8季度趋势，按日历期对齐
经营现金流AXONHY
| Q4 25 | $217.2M | $56.5M | ||
| Q3 25 | $60.0M | $37.1M | ||
| Q2 25 | $-91.7M | $28.9M | ||
| Q1 25 | $25.8M | $-36.4M | ||
| Q4 24 | $250.2M | $80.7M | ||
| Q3 24 | $91.3M | $70.1M | ||
| Q2 24 | $82.8M | $-2.5M | ||
| Q1 24 | $-15.9M | $22.4M |
自由现金流AXONHY
| Q4 25 | $155.4M | $32.9M | ||
| Q3 25 | $33.4M | $22.6M | ||
| Q2 25 | $-114.7M | $15.1M | ||
| Q1 25 | $932.0K | $-47.0M | ||
| Q4 24 | $225.4M | $62.8M | ||
| Q3 24 | $64.8M | $59.9M | ||
| Q2 24 | $71.4M | $-14.7M | ||
| Q1 24 | $-32.1M | $14.9M |
自由现金流率AXONHY
| Q4 25 | 19.5% | 3.6% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | 5.9% | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | — |
资本支出强度AXONHY
| Q4 25 | 7.8% | 2.6% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | 1.7% | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | — |
现金转化率AXONHY
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | -4.23× | ||
| Q4 24 | 1.84× | 7.83× | ||
| Q3 24 | 1.36× | 4.08× | ||
| Q2 24 | 2.03× | -0.04× | ||
| Q1 24 | -0.12× | 0.43× |
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% |
HY
| Sales Channel Through Intermediary | $281.7M | 31% |
| Aftermarketsales | $179.1M | 19% |
| Sales Channel Directly To Consumer | $173.6M | 19% |
| EMEAHY | $153.3M | 17% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $89.0M | 10% |
| Otherrevenue | $42.4M | 5% |
