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Axon Enterprise（AXON）与MATERION Corp（MTRN）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MATERION Corp的1.6倍（$796.7M vs $489.8M）。MATERION Corp净利率更高（1.3% vs 0.3%，领先1.0%）。Axon Enterprise同比增速更快（38.9% vs 12.1%）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 12.7%）
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。
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
AXON vs MTRN — 直观对比
营收规模更大
AXON
是对方的1.6倍
$489.8M
营收增速更快
AXON
高出26.8%
12.1%
净利率更高
MTRN
高出1.0%
0.3%
两年增速更快
AXON
近两年复合增速
12.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $489.8M |
| 净利润 | $2.7M | $6.6M |
| 毛利率 | 57.9% | 13.0% |
| 营业利润率 | -6.3% | 2.2% |
| 净利率 | 0.3% | 1.3% |
| 营收同比 | 38.9% | 12.1% |
| 净利润同比 | -98.0% | 113.5% |
| 每股收益（稀释后） | $0.02 | $0.30 |
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AXONMTRN
| Q4 25 | $796.7M | $489.8M | ||
| Q3 25 | $710.6M | $444.8M | ||
| Q2 25 | $668.5M | $431.7M | ||
| Q1 25 | $603.6M | $420.3M | ||
| Q4 24 | $573.4M | $436.9M | ||
| Q3 24 | $544.3M | $436.7M | ||
| Q2 24 | $504.1M | $425.9M | ||
| Q1 24 | $460.7M | $385.3M |
净利润AXONMTRN
| Q4 25 | $2.7M | $6.6M | ||
| Q3 25 | $-2.2M | $25.4M | ||
| Q2 25 | $36.1M | $25.1M | ||
| Q1 25 | $88.0M | $17.7M | ||
| Q4 24 | $136.0M | $-48.9M | ||
| Q3 24 | $67.0M | $22.3M | ||
| Q2 24 | $40.8M | $19.0M | ||
| Q1 24 | $133.2M | $13.4M |
毛利率AXONMTRN
| Q4 25 | 57.9% | 13.0% | ||
| Q3 25 | 60.1% | 19.4% | ||
| Q2 25 | 60.4% | 19.1% | ||
| Q1 25 | 60.6% | 18.1% | ||
| Q4 24 | 60.5% | 21.3% | ||
| Q3 24 | 60.8% | 18.5% | ||
| Q2 24 | 60.3% | 19.0% | ||
| Q1 24 | 56.4% | 18.5% |
营业利润率AXONMTRN
| Q4 25 | -6.3% | 2.2% | ||
| Q3 25 | -0.3% | 7.9% | ||
| Q2 25 | -0.2% | 8.5% | ||
| Q1 25 | -1.5% | 6.5% | ||
| Q4 24 | -2.6% | -8.8% | ||
| Q3 24 | 4.4% | 7.2% | ||
| Q2 24 | 6.5% | 7.5% | ||
| Q1 24 | 3.5% | 5.8% |
净利率AXONMTRN
| Q4 25 | 0.3% | 1.3% | ||
| Q3 25 | -0.3% | 5.7% | ||
| Q2 25 | 5.4% | 5.8% | ||
| Q1 25 | 14.6% | 4.2% | ||
| Q4 24 | 23.7% | -11.2% | ||
| Q3 24 | 12.3% | 5.1% | ||
| Q2 24 | 8.1% | 4.5% | ||
| Q1 24 | 28.9% | 3.5% |
每股收益（稀释后）AXONMTRN
| Q4 25 | $0.02 | $0.30 | ||
| Q3 25 | $-0.03 | $1.22 | ||
| Q2 25 | $0.44 | $1.21 | ||
| Q1 25 | $1.08 | $0.85 | ||
| Q4 24 | $1.68 | $-2.34 | ||
| Q3 24 | $0.86 | $1.07 | ||
| Q2 24 | $0.53 | $0.91 | ||
| Q1 24 | $1.73 | $0.64 |
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 | $13.7M |
| 总债务越低越好 | $1.8B | $460.6M |
| 股东权益账面价值 | $3.2B | $943.3M |
| 总资产 | $7.0B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资AXONMTRN
| Q4 25 | $1.7B | $13.7M | ||
| Q3 25 | $2.4B | $16.4M | ||
| Q2 25 | $2.1B | $12.6M | ||
| Q1 25 | $2.2B | $15.6M | ||
| Q4 24 | $788.1M | $16.7M | ||
| Q3 24 | $1.0B | $17.9M | ||
| Q2 24 | $968.9M | $17.1M | ||
| Q1 24 | $964.1M | $13.1M |
总债务AXONMTRN
| Q4 25 | $1.8B | $460.6M | ||
| Q3 25 | $2.0B | $458.9M | ||
| Q2 25 | $2.0B | $427.6M | ||
| Q1 25 | $2.0B | $453.0M | ||
| Q4 24 | $680.3M | $443.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $477.9M |
股东权益AXONMTRN
| Q4 25 | $3.2B | $943.3M | ||
| Q3 25 | $3.0B | $934.6M | ||
| Q2 25 | $2.7B | $910.6M | ||
| Q1 25 | $2.6B | $887.9M | ||
| Q4 24 | $2.3B | $868.9M | ||
| Q3 24 | $2.1B | $931.9M | ||
| Q2 24 | $1.9B | $907.1M | ||
| Q1 24 | $1.8B | $889.9M |
总资产AXONMTRN
| Q4 25 | $7.0B | $1.8B | ||
| Q3 25 | $6.7B | $1.8B | ||
| Q2 25 | $6.2B | $1.7B | ||
| Q1 25 | $6.1B | $1.8B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $3.7B | $1.8B | ||
| Q1 24 | $3.6B | $1.8B |
负债/权益比AXONMTRN
| Q4 25 | 0.56× | 0.49× | ||
| Q3 25 | 0.66× | 0.49× | ||
| Q2 25 | 0.73× | 0.47× | ||
| Q1 25 | 0.79× | 0.51× | ||
| Q4 24 | 0.29× | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.54× |
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 | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | — |
| 自由现金流率自由现金流/营收 | 19.5% | — |
| 资本支出强度资本支出/营收 | 7.8% | — |
| 现金转化率经营现金流/净利润 | 79.14× | 2.97× |
| 过去12个月自由现金流最近4个季度 | $75.1M | — |
8季度趋势，按日历期对齐
经营现金流AXONMTRN
| Q4 25 | $217.2M | $19.5M | ||
| Q3 25 | $60.0M | $18.3M | ||
| Q2 25 | $-91.7M | $49.9M | ||
| Q1 25 | $25.8M | $15.5M | ||
| Q4 24 | $250.2M | $76.3M | ||
| Q3 24 | $91.3M | $5.1M | ||
| Q2 24 | $82.8M | $20.3M | ||
| Q1 24 | $-15.9M | $-13.8M |
自由现金流AXONMTRN
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | $3.2M | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | $-24.3M | ||
| Q2 24 | $71.4M | — | ||
| Q1 24 | $-32.1M | $-35.1M |
自由现金流率AXONMTRN
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | -5.6% | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | -9.1% |
资本支出强度AXONMTRN
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | 2.9% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | 6.7% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | 5.5% |
现金转化率AXONMTRN
| Q4 25 | 79.14× | 2.97× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | -2.54× | 1.99× | ||
| Q1 25 | 0.29× | 0.88× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | 0.23× | ||
| Q2 24 | 2.03× | 1.07× | ||
| Q1 24 | -0.12× | -1.03× |
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% |
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
