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Axon Enterprise（AXON）与UiPath, Inc.（PATH）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UiPath, Inc.的1.9倍（$796.7M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 0.3%，领先48.0%），Axon Enterprise同比增速更快（38.9% vs 15.9%），Axon Enterprise自由现金流更多（$155.4M vs $25.1M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 0.7%）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
AXON vs PATH — 直观对比
营收规模更大
AXON
是对方的1.9倍
$411.1M
营收增速更快
AXON
高出23.0%
15.9%
净利率更高
PATH
高出48.0%
0.3%
自由现金流更多
AXON
多$130.3M
$25.1M
两年增速更快
AXON
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $411.1M |
| 净利润 | $2.7M | $198.8M |
| 毛利率 | 57.9% | 83.3% |
| 营业利润率 | -6.3% | 3.2% |
| 净利率 | 0.3% | 48.4% |
| 营收同比 | 38.9% | 15.9% |
| 净利润同比 | -98.0% | 1966.2% |
| 每股收益（稀释后） | $0.02 | $0.37 |
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AXONPATH
| Q4 25 | $796.7M | $411.1M | ||
| Q3 25 | $710.6M | $361.7M | ||
| Q2 25 | $668.5M | $356.6M | ||
| Q1 25 | $603.6M | $423.6M | ||
| Q4 24 | $573.4M | $354.7M | ||
| Q3 24 | $544.3M | $316.3M | ||
| Q2 24 | $504.1M | $335.1M | ||
| Q1 24 | $460.7M | $405.3M |
净利润AXONPATH
| Q4 25 | $2.7M | $198.8M | ||
| Q3 25 | $-2.2M | $1.6M | ||
| Q2 25 | $36.1M | $-22.6M | ||
| Q1 25 | $88.0M | $51.8M | ||
| Q4 24 | $136.0M | $-10.7M | ||
| Q3 24 | $67.0M | $-86.1M | ||
| Q2 24 | $40.8M | $-28.7M | ||
| Q1 24 | $133.2M | $33.9M |
毛利率AXONPATH
| Q4 25 | 57.9% | 83.3% | ||
| Q3 25 | 60.1% | 82.2% | ||
| Q2 25 | 60.4% | 82.1% | ||
| Q1 25 | 60.6% | 84.8% | ||
| Q4 24 | 60.5% | 82.0% | ||
| Q3 24 | 60.8% | 80.0% | ||
| Q2 24 | 60.3% | 83.5% | ||
| Q1 24 | 56.4% | 86.8% |
营业利润率AXONPATH
| Q4 25 | -6.3% | 3.2% | ||
| Q3 25 | -0.3% | -5.6% | ||
| Q2 25 | -0.2% | -4.6% | ||
| Q1 25 | -1.5% | 7.9% | ||
| Q4 24 | -2.6% | -12.2% | ||
| Q3 24 | 4.4% | -32.7% | ||
| Q2 24 | 6.5% | -14.8% | ||
| Q1 24 | 3.5% | 3.7% |
净利率AXONPATH
| Q4 25 | 0.3% | 48.4% | ||
| Q3 25 | -0.3% | 0.4% | ||
| Q2 25 | 5.4% | -6.3% | ||
| Q1 25 | 14.6% | 12.2% | ||
| Q4 24 | 23.7% | -3.0% | ||
| Q3 24 | 12.3% | -27.2% | ||
| Q2 24 | 8.1% | -8.6% | ||
| Q1 24 | 28.9% | 8.4% |
每股收益（稀释后）AXONPATH
| Q4 25 | $0.02 | $0.37 | ||
| Q3 25 | $-0.03 | $0.00 | ||
| Q2 25 | $0.44 | $-0.04 | ||
| Q1 25 | $1.08 | $0.09 | ||
| Q4 24 | $1.68 | $-0.02 | ||
| Q3 24 | $0.86 | $-0.15 | ||
| Q2 24 | $0.53 | $-0.05 | ||
| Q1 24 | $1.73 | $0.07 |
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 | $1.9B |
| 总资产 | $7.0B | $2.9B |
| 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AXONPATH
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $788.1M | $1.6B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $968.9M | $1.9B | ||
| Q1 24 | $964.1M | $1.9B |
总债务AXONPATH
| 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AXONPATH
| Q4 25 | $3.2B | $1.9B | ||
| Q3 25 | $3.0B | $1.7B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $1.9B | $2.0B | ||
| Q1 24 | $1.8B | $2.0B |
总资产AXONPATH
| Q4 25 | $7.0B | $2.9B | ||
| Q3 25 | $6.7B | $2.6B | ||
| Q2 25 | $6.2B | $2.6B | ||
| Q1 25 | $6.1B | $2.9B | ||
| Q4 24 | $4.5B | $2.7B | ||
| Q3 24 | $4.0B | $2.7B | ||
| Q2 24 | $3.7B | $2.8B | ||
| Q1 24 | $3.6B | $3.0B |
负债/权益比AXONPATH
| 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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $25.1M |
| 自由现金流率自由现金流/营收 | 19.5% | 6.1% |
| 资本支出强度资本支出/营收 | 7.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 79.14× | 0.14× |
| 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AXONPATH
| Q4 25 | $217.2M | $28.3M | ||
| Q3 25 | $60.0M | $41.6M | ||
| Q2 25 | $-91.7M | $119.0M | ||
| Q1 25 | $25.8M | $146.1M | ||
| Q4 24 | $250.2M | $28.1M | ||
| Q3 24 | $91.3M | $46.4M | ||
| Q2 24 | $82.8M | $100.0M | ||
| Q1 24 | $-15.9M | $145.6M |
自由现金流AXONPATH
| Q4 25 | $155.4M | $25.1M | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | $106.2M | ||
| Q1 25 | $932.0K | $138.7M | ||
| Q4 24 | $225.4M | $23.2M | ||
| Q3 24 | $64.8M | $45.0M | ||
| Q2 24 | $71.4M | $98.8M | ||
| Q1 24 | $-32.1M | $141.8M |
自由现金流率AXONPATH
| Q4 25 | 19.5% | 6.1% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | 29.8% | ||
| Q1 25 | 0.2% | 32.7% | ||
| Q4 24 | 39.3% | 6.5% | ||
| Q3 24 | 11.9% | 14.2% | ||
| Q2 24 | 14.2% | 29.5% | ||
| Q1 24 | -7.0% | 35.0% |
资本支出强度AXONPATH
| Q4 25 | 7.8% | 0.8% | ||
| Q3 25 | 3.7% | 0.0% | ||
| Q2 25 | 3.4% | 3.6% | ||
| Q1 25 | 4.1% | 1.7% | ||
| Q4 24 | 4.3% | 1.4% | ||
| Q3 24 | 4.9% | 0.4% | ||
| Q2 24 | 2.2% | 0.4% | ||
| Q1 24 | 3.5% | 0.9% |
现金转化率AXONPATH
| Q4 25 | 79.14× | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | 2.82× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | 4.29× |
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
