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Axon Enterprise（AXON）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
Axon Enterprise的季度营收约是朗美通的1.2倍（$796.7M vs $665.5M），朗美通净利率更高（11.8% vs 0.3%，领先11.4%），朗美通同比增速更快（65.5% vs 38.9%），Axon Enterprise自由现金流更多（$155.4M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% 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。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
AXON vs LITE — 直观对比
营收规模更大
AXON
是对方的1.2倍
$665.5M
营收增速更快
LITE
高出26.5%
38.9%
净利率更高
LITE
高出11.4%
0.3%
自由现金流更多
AXON
多$112.3M
$43.1M
两年增速更快
LITE
近两年复合增速
31.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $665.5M |
| 净利润 | $2.7M | $78.2M |
| 毛利率 | 57.9% | 36.1% |
| 营业利润率 | -6.3% | 9.7% |
| 净利率 | 0.3% | 11.8% |
| 营收同比 | 38.9% | 65.5% |
| 净利润同比 | -98.0% | 228.4% |
| 每股收益（稀释后） | $0.02 | $0.89 |
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AXONLITE
| Q4 25 | $796.7M | $665.5M | ||
| Q3 25 | $710.6M | $533.8M | ||
| Q2 25 | $668.5M | $480.7M | ||
| Q1 25 | $603.6M | $425.2M | ||
| Q4 24 | $573.4M | $402.2M | ||
| Q3 24 | $544.3M | $336.9M | ||
| Q2 24 | $504.1M | $308.3M | ||
| Q1 24 | $460.7M | $366.5M |
净利润AXONLITE
| Q4 25 | $2.7M | $78.2M | ||
| Q3 25 | $-2.2M | $4.2M | ||
| Q2 25 | $36.1M | $213.3M | ||
| Q1 25 | $88.0M | $-44.1M | ||
| Q4 24 | $136.0M | $-60.9M | ||
| Q3 24 | $67.0M | $-82.4M | ||
| Q2 24 | $40.8M | $-252.5M | ||
| Q1 24 | $133.2M | $-127.0M |
毛利率AXONLITE
| Q4 25 | 57.9% | 36.1% | ||
| Q3 25 | 60.1% | 34.0% | ||
| Q2 25 | 60.4% | 33.3% | ||
| Q1 25 | 60.6% | 28.8% | ||
| Q4 24 | 60.5% | 24.8% | ||
| Q3 24 | 60.8% | 23.1% | ||
| Q2 24 | 60.3% | 16.6% | ||
| Q1 24 | 56.4% | 16.2% |
营业利润率AXONLITE
| Q4 25 | -6.3% | 9.7% | ||
| Q3 25 | -0.3% | 1.3% | ||
| Q2 25 | -0.2% | -1.7% | ||
| Q1 25 | -1.5% | -8.9% | ||
| Q4 24 | -2.6% | -12.8% | ||
| Q3 24 | 4.4% | -24.5% | ||
| Q2 24 | 6.5% | -43.3% | ||
| Q1 24 | 3.5% | -31.3% |
净利率AXONLITE
| Q4 25 | 0.3% | 11.8% | ||
| Q3 25 | -0.3% | 0.8% | ||
| Q2 25 | 5.4% | 44.4% | ||
| Q1 25 | 14.6% | -10.4% | ||
| Q4 24 | 23.7% | -15.1% | ||
| Q3 24 | 12.3% | -24.5% | ||
| Q2 24 | 8.1% | -81.9% | ||
| Q1 24 | 28.9% | -34.7% |
每股收益（稀释后）AXONLITE
| Q4 25 | $0.02 | $0.89 | ||
| Q3 25 | $-0.03 | $0.05 | ||
| Q2 25 | $0.44 | $3.10 | ||
| Q1 25 | $1.08 | $-0.64 | ||
| Q4 24 | $1.68 | $-0.88 | ||
| Q3 24 | $0.86 | $-1.21 | ||
| Q2 24 | $0.53 | $-3.75 | ||
| Q1 24 | $1.73 | $-1.88 |
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 | $1.2B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $846.6M |
| 总资产 | $7.0B | $4.8B |
| 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AXONLITE
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.1B | $877.1M | ||
| Q1 25 | $2.2B | $866.7M | ||
| Q4 24 | $788.1M | $896.7M | ||
| Q3 24 | $1.0B | $916.1M | ||
| Q2 24 | $968.9M | $887.0M | ||
| Q1 24 | $964.1M | $870.9M |
总债务AXONLITE
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONLITE
| Q4 25 | $3.2B | $846.6M | ||
| Q3 25 | $3.0B | $780.8M | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.6B | $879.5M | ||
| Q4 24 | $2.3B | $872.3M | ||
| Q3 24 | $2.1B | $895.9M | ||
| Q2 24 | $1.9B | $957.3M | ||
| Q1 24 | $1.8B | $1.2B |
总资产AXONLITE
| Q4 25 | $7.0B | $4.8B | ||
| Q3 25 | $6.7B | $4.6B | ||
| Q2 25 | $6.2B | $4.2B | ||
| Q1 25 | $6.1B | $4.0B | ||
| Q4 24 | $4.5B | $4.0B | ||
| Q3 24 | $4.0B | $4.0B | ||
| Q2 24 | $3.7B | $3.9B | ||
| Q1 24 | $3.6B | $4.2B |
负债/权益比AXONLITE
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | — | ||
| 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 | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $43.1M |
| 自由现金流率自由现金流/营收 | 19.5% | 6.5% |
| 资本支出强度资本支出/营收 | 7.8% | 12.6% |
| 现金转化率经营现金流/净利润 | 79.14× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流AXONLITE
| Q4 25 | $217.2M | $126.7M | ||
| Q3 25 | $60.0M | $57.9M | ||
| Q2 25 | $-91.7M | $64.0M | ||
| Q1 25 | $25.8M | $-1.6M | ||
| Q4 24 | $250.2M | $24.3M | ||
| Q3 24 | $91.3M | $39.6M | ||
| Q2 24 | $82.8M | $35.5M | ||
| Q1 24 | $-15.9M | $-7.0M |
自由现金流AXONLITE
| Q4 25 | $155.4M | $43.1M | ||
| Q3 25 | $33.4M | $-18.3M | ||
| Q2 25 | $-114.7M | $10.1M | ||
| Q1 25 | $932.0K | $-64.4M | ||
| Q4 24 | $225.4M | $-15.9M | ||
| Q3 24 | $64.8M | $-34.5M | ||
| Q2 24 | $71.4M | $10.9M | ||
| Q1 24 | $-32.1M | $-26.6M |
自由现金流率AXONLITE
| Q4 25 | 19.5% | 6.5% | ||
| Q3 25 | 4.7% | -3.4% | ||
| Q2 25 | -17.2% | 2.1% | ||
| Q1 25 | 0.2% | -15.1% | ||
| Q4 24 | 39.3% | -4.0% | ||
| Q3 24 | 11.9% | -10.2% | ||
| Q2 24 | 14.2% | 3.5% | ||
| Q1 24 | -7.0% | -7.3% |
资本支出强度AXONLITE
| Q4 25 | 7.8% | 12.6% | ||
| Q3 25 | 3.7% | 14.3% | ||
| Q2 25 | 3.4% | 11.2% | ||
| Q1 25 | 4.1% | 14.8% | ||
| Q4 24 | 4.3% | 10.0% | ||
| Q3 24 | 4.9% | 22.0% | ||
| Q2 24 | 2.2% | 8.0% | ||
| Q1 24 | 3.5% | 5.3% |
现金转化率AXONLITE
| Q4 25 | 79.14× | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | -2.54× | 0.30× | ||
| 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% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
