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Axon Enterprise（AXON）与KADANT INC（KAI）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KADANT INC的2.9倍（$796.7M vs $271.6M）。KADANT INC净利率更高（10.2% vs 0.3%，领先9.9%）。Axon Enterprise同比增速更快（38.9% vs -0.0%）。Axon Enterprise自由现金流更多（$155.4M vs $44.1M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 6.7%）
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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
AXON vs KAI — 直观对比
营收规模更大
AXON
是对方的2.9倍
$271.6M
营收增速更快
AXON
高出39.0%
-0.0%
净利率更高
KAI
高出9.9%
0.3%
自由现金流更多
AXON
多$111.4M
$44.1M
两年增速更快
AXON
近两年复合增速
6.7%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $271.6M |
| 净利润 | $2.7M | $27.7M |
| 毛利率 | 57.9% | 45.2% |
| 营业利润率 | -6.3% | 15.7% |
| 净利率 | 0.3% | 10.2% |
| 营收同比 | 38.9% | -0.0% |
| 净利润同比 | -98.0% | -12.2% |
| 每股收益（稀释后） | $0.02 | $2.35 |
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AXONKAI
| Q4 25 | $796.7M | — | ||
| Q3 25 | $710.6M | $271.6M | ||
| Q2 25 | $668.5M | $255.3M | ||
| Q1 25 | $603.6M | $239.2M | ||
| Q4 24 | $573.4M | $258.0M | ||
| Q3 24 | $544.3M | $271.6M | ||
| Q2 24 | $504.1M | $274.8M | ||
| Q1 24 | $460.7M | $249.0M |
净利润AXONKAI
| Q4 25 | $2.7M | — | ||
| Q3 25 | $-2.2M | $27.7M | ||
| Q2 25 | $36.1M | $26.2M | ||
| Q1 25 | $88.0M | $24.1M | ||
| Q4 24 | $136.0M | $24.0M | ||
| Q3 24 | $67.0M | $31.6M | ||
| Q2 24 | $40.8M | $31.3M | ||
| Q1 24 | $133.2M | $24.7M |
毛利率AXONKAI
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | 45.2% | ||
| Q2 25 | 60.4% | 45.9% | ||
| Q1 25 | 60.6% | 46.1% | ||
| Q4 24 | 60.5% | 43.4% | ||
| Q3 24 | 60.8% | 44.7% | ||
| Q2 24 | 60.3% | 44.4% | ||
| Q1 24 | 56.4% | 44.6% |
营业利润率AXONKAI
| Q4 25 | -6.3% | — | ||
| Q3 25 | -0.3% | 15.7% | ||
| Q2 25 | -0.2% | 15.4% | ||
| Q1 25 | -1.5% | 14.9% | ||
| Q4 24 | -2.6% | 14.3% | ||
| Q3 24 | 4.4% | 18.0% | ||
| Q2 24 | 6.5% | 17.6% | ||
| Q1 24 | 3.5% | 14.8% |
净利率AXONKAI
| Q4 25 | 0.3% | — | ||
| Q3 25 | -0.3% | 10.2% | ||
| Q2 25 | 5.4% | 10.2% | ||
| Q1 25 | 14.6% | 10.1% | ||
| Q4 24 | 23.7% | 9.3% | ||
| Q3 24 | 12.3% | 11.6% | ||
| Q2 24 | 8.1% | 11.4% | ||
| Q1 24 | 28.9% | 9.9% |
每股收益（稀释后）AXONKAI
| Q4 25 | $0.02 | — | ||
| Q3 25 | $-0.03 | $2.35 | ||
| Q2 25 | $0.44 | $2.22 | ||
| Q1 25 | $1.08 | $2.04 | ||
| Q4 24 | $1.68 | $2.04 | ||
| Q3 24 | $0.86 | $2.68 | ||
| Q2 24 | $0.53 | $2.66 | ||
| Q1 24 | $1.73 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | $1.8B | $254.6M |
| 股东权益账面价值 | $3.2B | $949.8M |
| 总资产 | $7.0B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资AXONKAI
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | $124.5M | ||
| Q2 25 | $2.1B | $95.3M | ||
| Q1 25 | $2.2B | $91.7M | ||
| Q4 24 | $788.1M | $94.7M | ||
| Q3 24 | $1.0B | $88.4M | ||
| Q2 24 | $968.9M | $73.8M | ||
| Q1 24 | $964.1M | $81.4M |
总债务AXONKAI
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | $254.6M | ||
| Q2 25 | $2.0B | $245.7M | ||
| Q1 25 | $2.0B | $273.5M | ||
| Q4 24 | $680.3M | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M | ||
| Q1 24 | — | $306.8M |
股东权益AXONKAI
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $949.8M | ||
| Q2 25 | $2.7B | $926.0M | ||
| Q1 25 | $2.6B | $876.0M | ||
| Q4 24 | $2.3B | $847.1M | ||
| Q3 24 | $2.1B | $851.7M | ||
| Q2 24 | $1.9B | $807.7M | ||
| Q1 24 | $1.8B | $782.7M |
总资产AXONKAI
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.7B | $1.5B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $6.1B | $1.4B | ||
| Q4 24 | $4.5B | $1.4B | ||
| Q3 24 | $4.0B | $1.5B | ||
| Q2 24 | $3.7B | $1.5B | ||
| Q1 24 | $3.6B | $1.4B |
负债/权益比AXONKAI
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | 0.27× | ||
| Q2 25 | 0.73× | 0.27× | ||
| Q1 25 | 0.79× | 0.31× | ||
| Q4 24 | 0.29× | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× | ||
| Q1 24 | — | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $44.1M |
| 自由现金流率自由现金流/营收 | 19.5% | 16.2% |
| 资本支出强度资本支出/营收 | 7.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 79.14× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $145.9M |
8季度趋势，按日历期对齐
经营现金流AXONKAI
| Q4 25 | $217.2M | — | ||
| Q3 25 | $60.0M | $47.3M | ||
| Q2 25 | $-91.7M | $40.5M | ||
| Q1 25 | $25.8M | $22.8M | ||
| Q4 24 | $250.2M | $51.9M | ||
| Q3 24 | $91.3M | $52.5M | ||
| Q2 24 | $82.8M | $28.1M | ||
| Q1 24 | $-15.9M | $22.8M |
自由现金流AXONKAI
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | $44.1M | ||
| Q2 25 | $-114.7M | $36.5M | ||
| Q1 25 | $932.0K | $19.0M | ||
| Q4 24 | $225.4M | $46.3M | ||
| Q3 24 | $64.8M | $48.3M | ||
| Q2 24 | $71.4M | $23.1M | ||
| Q1 24 | $-32.1M | $16.6M |
自由现金流率AXONKAI
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | 16.2% | ||
| Q2 25 | -17.2% | 14.3% | ||
| Q1 25 | 0.2% | 7.9% | ||
| Q4 24 | 39.3% | 17.9% | ||
| Q3 24 | 11.9% | 17.8% | ||
| Q2 24 | 14.2% | 8.4% | ||
| Q1 24 | -7.0% | 6.7% |
资本支出强度AXONKAI
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | 1.2% | ||
| Q2 25 | 3.4% | 1.6% | ||
| Q1 25 | 4.1% | 1.6% | ||
| Q4 24 | 4.3% | 2.2% | ||
| Q3 24 | 4.9% | 1.5% | ||
| Q2 24 | 2.2% | 1.8% | ||
| Q1 24 | 3.5% | 2.5% |
现金转化率AXONKAI
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | -2.54× | 1.55× | ||
| Q1 25 | 0.29× | 0.95× | ||
| Q4 24 | 1.84× | 2.16× | ||
| Q3 24 | 1.36× | 1.66× | ||
| Q2 24 | 2.03× | 0.90× | ||
| Q1 24 | -0.12× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
