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Axon Enterprise（AXON）与MUELLER INDUSTRIES INC（MLI）财务数据对比。点击上方公司名可切换其他公司
MUELLER INDUSTRIES INC的季度营收约是Axon Enterprise的1.2倍（$962.4M vs $796.7M），MUELLER INDUSTRIES INC净利率更高（16.0% vs 0.3%，领先15.6%），Axon Enterprise同比增速更快（38.9% vs 4.2%），Axon Enterprise自由现金流更多（$155.4M vs $121.4M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 6.4%）
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。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
AXON vs MLI — 直观对比
营收规模更大
MLI
是对方的1.2倍
$796.7M
营收增速更快
AXON
高出34.7%
4.2%
净利率更高
MLI
高出15.6%
0.3%
自由现金流更多
AXON
多$34.0M
$121.4M
两年增速更快
AXON
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $962.4M |
| 净利润 | $2.7M | $153.7M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | 17.9% |
| 净利率 | 0.3% | 16.0% |
| 营收同比 | 38.9% | 4.2% |
| 净利润同比 | -98.0% | 11.7% |
| 每股收益（稀释后） | $0.02 | $1.37 |
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AXONMLI
| Q4 25 | $796.7M | $962.4M | ||
| Q3 25 | $710.6M | $1.1B | ||
| Q2 25 | $668.5M | $1.1B | ||
| Q1 25 | $603.6M | $1.0B | ||
| Q4 24 | $573.4M | $923.5M | ||
| Q3 24 | $544.3M | $997.8M | ||
| Q2 24 | $504.1M | $997.7M | ||
| Q1 24 | $460.7M | $849.7M |
净利润AXONMLI
| Q4 25 | $2.7M | $153.7M | ||
| Q3 25 | $-2.2M | $208.1M | ||
| Q2 25 | $36.1M | $245.9M | ||
| Q1 25 | $88.0M | $157.4M | ||
| Q4 24 | $136.0M | $137.7M | ||
| Q3 24 | $67.0M | $168.7M | ||
| Q2 24 | $40.8M | $160.2M | ||
| Q1 24 | $133.2M | $138.4M |
毛利率AXONMLI
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | 27.6% | ||
| Q2 24 | 60.3% | 27.3% | ||
| Q1 24 | 56.4% | 28.4% |
营业利润率AXONMLI
| Q4 25 | -6.3% | 17.9% | ||
| Q3 25 | -0.3% | 25.6% | ||
| Q2 25 | -0.2% | 26.7% | ||
| Q1 25 | -1.5% | 20.6% | ||
| Q4 24 | -2.6% | 18.4% | ||
| Q3 24 | 4.4% | 20.7% | ||
| Q2 24 | 6.5% | 21.0% | ||
| Q1 24 | 3.5% | 21.6% |
净利率AXONMLI
| Q4 25 | 0.3% | 16.0% | ||
| Q3 25 | -0.3% | 19.3% | ||
| Q2 25 | 5.4% | 21.6% | ||
| Q1 25 | 14.6% | 15.7% | ||
| Q4 24 | 23.7% | 14.9% | ||
| Q3 24 | 12.3% | 16.9% | ||
| Q2 24 | 8.1% | 16.1% | ||
| Q1 24 | 28.9% | 16.3% |
每股收益（稀释后）AXONMLI
| Q4 25 | $0.02 | $1.37 | ||
| Q3 25 | $-0.03 | $1.88 | ||
| Q2 25 | $0.44 | $2.22 | ||
| Q1 25 | $1.08 | $1.39 | ||
| Q4 24 | $1.68 | $1.21 | ||
| Q3 24 | $0.86 | $1.48 | ||
| Q2 24 | $0.53 | $1.41 | ||
| Q1 24 | $1.73 | $1.21 |
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 | $1.4B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $3.2B |
| 总资产 | $7.0B | $3.7B |
| 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AXONMLI
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.2B | $873.6M | ||
| Q4 24 | $788.1M | $1.1B | ||
| Q3 24 | $1.0B | $969.6M | ||
| Q2 24 | $968.9M | $825.7M | ||
| Q1 24 | $964.1M | $1.4B |
总债务AXONMLI
| 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AXONMLI
| Q4 25 | $3.2B | $3.2B | ||
| Q3 25 | $3.0B | $3.1B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.3B | $2.8B | ||
| Q3 24 | $2.1B | $2.7B | ||
| Q2 24 | $1.9B | $2.5B | ||
| Q1 24 | $1.8B | $2.4B |
总资产AXONMLI
| Q4 25 | $7.0B | $3.7B | ||
| Q3 25 | $6.7B | $3.7B | ||
| Q2 25 | $6.2B | $3.5B | ||
| Q1 25 | $6.1B | $3.2B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $4.0B | $3.2B | ||
| Q2 24 | $3.7B | $3.1B | ||
| Q1 24 | $3.6B | $2.9B |
负债/权益比AXONMLI
| 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 | $141.2M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $121.4M |
| 自由现金流率自由现金流/营收 | 19.5% | 12.6% |
| 资本支出强度资本支出/营收 | 7.8% | 2.1% |
| 现金转化率经营现金流/净利润 | 79.14× | 0.92× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $686.6M |
8季度趋势，按日历期对齐
经营现金流AXONMLI
| Q4 25 | $217.2M | $141.2M | ||
| Q3 25 | $60.0M | $310.1M | ||
| Q2 25 | $-91.7M | $190.6M | ||
| Q1 25 | $25.8M | $113.6M | ||
| Q4 24 | $250.2M | $140.1M | ||
| Q3 24 | $91.3M | $231.4M | ||
| Q2 24 | $82.8M | $100.8M | ||
| Q1 24 | $-15.9M | $173.6M |
自由现金流AXONMLI
| Q4 25 | $155.4M | $121.4M | ||
| Q3 25 | $33.4M | $291.8M | ||
| Q2 25 | $-114.7M | $176.5M | ||
| Q1 25 | $932.0K | $97.0M | ||
| Q4 24 | $225.4M | $111.2M | ||
| Q3 24 | $64.8M | $205.7M | ||
| Q2 24 | $71.4M | $91.6M | ||
| Q1 24 | $-32.1M | $157.2M |
自由现金流率AXONMLI
| Q4 25 | 19.5% | 12.6% | ||
| Q3 25 | 4.7% | 27.1% | ||
| Q2 25 | -17.2% | 15.5% | ||
| Q1 25 | 0.2% | 9.7% | ||
| Q4 24 | 39.3% | 12.0% | ||
| Q3 24 | 11.9% | 20.6% | ||
| Q2 24 | 14.2% | 9.2% | ||
| Q1 24 | -7.0% | 18.5% |
资本支出强度AXONMLI
| Q4 25 | 7.8% | 2.1% | ||
| Q3 25 | 3.7% | 1.7% | ||
| Q2 25 | 3.4% | 1.2% | ||
| Q1 25 | 4.1% | 1.7% | ||
| Q4 24 | 4.3% | 3.1% | ||
| Q3 24 | 4.9% | 2.6% | ||
| Q2 24 | 2.2% | 0.9% | ||
| Q1 24 | 3.5% | 1.9% |
现金转化率AXONMLI
| Q4 25 | 79.14× | 0.92× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | -2.54× | 0.78× | ||
| Q1 25 | 0.29× | 0.72× | ||
| Q4 24 | 1.84× | 1.02× | ||
| Q3 24 | 1.36× | 1.37× | ||
| Q2 24 | 2.03× | 0.63× | ||
| Q1 24 | -0.12× | 1.25× |
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% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
