vs
Axon Enterprise（AXON）与Martin Marietta Materials（MLM）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是Axon Enterprise的1.4倍（$1.1B vs $796.7M），Martin Marietta Materials净利率更高（24.5% vs 0.3%，领先24.1%），Axon Enterprise同比增速更快（38.9% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $155.4M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
AXON vs MLM — 直观对比
营收规模更大
MLM
是对方的1.4倍
$796.7M
营收增速更快
AXON
高出69.1%
-30.1%
净利率更高
MLM
高出24.1%
0.3%
自由现金流更多
MLM
多$268.6M
$155.4M
两年增速更快
AXON
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.1B |
| 净利润 | $2.7M | $279.0M |
| 毛利率 | 57.9% | 35.0% |
| 营业利润率 | -6.3% | 24.6% |
| 净利率 | 0.3% | 24.5% |
| 营收同比 | 38.9% | -30.1% |
| 净利润同比 | -98.0% | -4.8% |
| 每股收益（稀释后） | $0.02 | $4.59 |
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AXONMLM
| Q4 25 | $796.7M | $1.1B | ||
| Q3 25 | $710.6M | $1.8B | ||
| Q2 25 | $668.5M | $1.8B | ||
| Q1 25 | $603.6M | $1.4B | ||
| Q4 24 | $573.4M | $1.6B | ||
| Q3 24 | $544.3M | $1.9B | ||
| Q2 24 | $504.1M | $1.8B | ||
| Q1 24 | $460.7M | $1.3B |
净利润AXONMLM
| Q4 25 | $2.7M | $279.0M | ||
| Q3 25 | $-2.2M | $414.0M | ||
| Q2 25 | $36.1M | $328.0M | ||
| Q1 25 | $88.0M | $116.0M | ||
| Q4 24 | $136.0M | $293.0M | ||
| Q3 24 | $67.0M | $363.0M | ||
| Q2 24 | $40.8M | $294.0M | ||
| Q1 24 | $133.2M | $1.0B |
毛利率AXONMLM
| Q4 25 | 57.9% | 35.0% | ||
| Q3 25 | 60.1% | 33.1% | ||
| Q2 25 | 60.4% | 30.0% | ||
| Q1 25 | 60.6% | 24.8% | ||
| Q4 24 | 60.5% | 30.0% | ||
| Q3 24 | 60.8% | 31.7% | ||
| Q2 24 | 60.3% | 29.3% | ||
| Q1 24 | 56.4% | 21.7% |
营业利润率AXONMLM
| Q4 25 | -6.3% | 24.6% | ||
| Q3 25 | -0.3% | 27.4% | ||
| Q2 25 | -0.2% | 25.3% | ||
| Q1 25 | -1.5% | 14.3% | ||
| Q4 24 | -2.6% | 24.4% | ||
| Q3 24 | 4.4% | 25.9% | ||
| Q2 24 | 6.5% | 22.6% | ||
| Q1 24 | 3.5% | — |
净利率AXONMLM
| Q4 25 | 0.3% | 24.5% | ||
| Q3 25 | -0.3% | 22.4% | ||
| Q2 25 | 5.4% | 18.1% | ||
| Q1 25 | 14.6% | 8.6% | ||
| Q4 24 | 23.7% | 18.0% | ||
| Q3 24 | 12.3% | 19.2% | ||
| Q2 24 | 8.1% | 16.7% | ||
| Q1 24 | 28.9% | 83.5% |
每股收益（稀释后）AXONMLM
| Q4 25 | $0.02 | $4.59 | ||
| Q3 25 | $-0.03 | $6.85 | ||
| Q2 25 | $0.44 | $5.43 | ||
| Q1 25 | $1.08 | $1.90 | ||
| Q4 24 | $1.68 | $4.87 | ||
| Q3 24 | $0.86 | $5.91 | ||
| Q2 24 | $0.53 | $4.76 | ||
| Q1 24 | $1.73 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | $1.8B | $5.3B |
| 股东权益账面价值 | $3.2B | $10.0B |
| 总资产 | $7.0B | $18.7B |
| 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AXONMLM
| Q4 25 | $1.7B | $67.0M | ||
| Q3 25 | $2.4B | $57.0M | ||
| Q2 25 | $2.1B | $225.0M | ||
| Q1 25 | $2.2B | $101.0M | ||
| Q4 24 | $788.1M | $670.0M | ||
| Q3 24 | $1.0B | $52.0M | ||
| Q2 24 | $968.9M | $109.0M | ||
| Q1 24 | $964.1M | $2.6B |
总债务AXONMLM
| Q4 25 | $1.8B | $5.3B | ||
| Q3 25 | $2.0B | $5.5B | ||
| Q2 25 | $2.0B | $5.4B | ||
| Q1 25 | $2.0B | $5.4B | ||
| Q4 24 | $680.3M | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益AXONMLM
| Q4 25 | $3.2B | $10.0B | ||
| Q3 25 | $3.0B | $9.7B | ||
| Q2 25 | $2.7B | $9.4B | ||
| Q1 25 | $2.6B | $9.1B | ||
| Q4 24 | $2.3B | $9.5B | ||
| Q3 24 | $2.1B | $9.2B | ||
| Q2 24 | $1.9B | $8.8B | ||
| Q1 24 | $1.8B | $8.9B |
总资产AXONMLM
| Q4 25 | $7.0B | $18.7B | ||
| Q3 25 | $6.7B | $18.7B | ||
| Q2 25 | $6.2B | $18.1B | ||
| Q1 25 | $6.1B | $17.7B | ||
| Q4 24 | $4.5B | $18.2B | ||
| Q3 24 | $4.0B | $16.5B | ||
| Q2 24 | $3.7B | $16.3B | ||
| Q1 24 | $3.6B | $16.2B |
负债/权益比AXONMLM
| Q4 25 | 0.56× | 0.53× | ||
| Q3 25 | 0.66× | 0.57× | ||
| Q2 25 | 0.73× | 0.58× | ||
| Q1 25 | 0.79× | 0.60× | ||
| Q4 24 | 0.29× | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $424.0M |
| 自由现金流率自由现金流/营收 | 19.5% | 37.2% |
| 资本支出强度资本支出/营收 | 7.8% | 18.0% |
| 现金转化率经营现金流/净利润 | 79.14× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $978.0M |
8季度趋势，按日历期对齐
经营现金流AXONMLM
| Q4 25 | $217.2M | $629.0M | ||
| Q3 25 | $60.0M | $551.0M | ||
| Q2 25 | $-91.7M | $387.0M | ||
| Q1 25 | $25.8M | $218.0M | ||
| Q4 24 | $250.2M | $686.0M | ||
| Q3 24 | $91.3M | $600.0M | ||
| Q2 24 | $82.8M | $1.0M | ||
| Q1 24 | $-15.9M | $172.0M |
自由现金流AXONMLM
| Q4 25 | $155.4M | $424.0M | ||
| Q3 25 | $33.4M | $361.0M | ||
| Q2 25 | $-114.7M | $208.0M | ||
| Q1 25 | $932.0K | $-15.0M | ||
| Q4 24 | $225.4M | $453.0M | ||
| Q3 24 | $64.8M | $317.0M | ||
| Q2 24 | $71.4M | $-138.0M | ||
| Q1 24 | $-32.1M | $-28.0M |
自由现金流率AXONMLM
| Q4 25 | 19.5% | 37.2% | ||
| Q3 25 | 4.7% | 19.6% | ||
| Q2 25 | -17.2% | 11.5% | ||
| Q1 25 | 0.2% | -1.1% | ||
| Q4 24 | 39.3% | 27.8% | ||
| Q3 24 | 11.9% | 16.8% | ||
| Q2 24 | 14.2% | -7.8% | ||
| Q1 24 | -7.0% | -2.2% |
资本支出强度AXONMLM
| Q4 25 | 7.8% | 18.0% | ||
| Q3 25 | 3.7% | 10.3% | ||
| Q2 25 | 3.4% | 9.9% | ||
| Q1 25 | 4.1% | 17.2% | ||
| Q4 24 | 4.3% | 14.3% | ||
| Q3 24 | 4.9% | 15.0% | ||
| Q2 24 | 2.2% | 7.9% | ||
| Q1 24 | 3.5% | 16.0% |
现金转化率AXONMLM
| Q4 25 | 79.14× | 2.25× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | -2.54× | 1.18× | ||
| Q1 25 | 0.29× | 1.88× | ||
| Q4 24 | 1.84× | 2.34× | ||
| Q3 24 | 1.36× | 1.65× | ||
| Q2 24 | 2.03× | 0.00× | ||
| Q1 24 | -0.12× | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
