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Axon Enterprise（AXON）与PIPER SANDLER COMPANIES（PIPR）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PIPER SANDLER COMPANIES的1.2倍（$796.7M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 0.3%，领先16.7%），Axon Enterprise同比增速更快（38.9% vs 37.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% 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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
AXON vs PIPR — 直观对比
营收规模更大
AXON
是对方的1.2倍
$667.0M
营收增速更快
AXON
高出1.5%
37.4%
净利率更高
PIPR
高出16.7%
0.3%
两年增速更快
PIPR
近两年复合增速
31.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $667.0M |
| 净利润 | $2.7M | $114.0M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | 28.3% |
| 净利率 | 0.3% | 17.1% |
| 营收同比 | 38.9% | 37.4% |
| 净利润同比 | -98.0% | 65.0% |
| 每股收益（稀释后） | $0.02 | $6.41 |
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AXONPIPR
| Q4 25 | $796.7M | $667.0M | ||
| Q3 25 | $710.6M | $480.1M | ||
| Q2 25 | $668.5M | $398.6M | ||
| Q1 25 | $603.6M | $358.6M | ||
| Q4 24 | $573.4M | $485.4M | ||
| Q3 24 | $544.3M | $360.9M | ||
| Q2 24 | $504.1M | $340.8M | ||
| Q1 24 | $460.7M | $344.4M |
净利润AXONPIPR
| Q4 25 | $2.7M | $114.0M | ||
| Q3 25 | $-2.2M | $60.3M | ||
| Q2 25 | $36.1M | $42.2M | ||
| Q1 25 | $88.0M | $64.9M | ||
| Q4 24 | $136.0M | $69.1M | ||
| Q3 24 | $67.0M | $34.8M | ||
| Q2 24 | $40.8M | $34.8M | ||
| Q1 24 | $133.2M | $42.5M |
毛利率AXONPIPR
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | — | ||
| Q2 24 | 60.3% | — | ||
| Q1 24 | 56.4% | — |
营业利润率AXONPIPR
| Q4 25 | -6.3% | 28.3% | ||
| Q3 25 | -0.3% | 22.4% | ||
| Q2 25 | -0.2% | 12.3% | ||
| Q1 25 | -1.5% | 8.2% | ||
| Q4 24 | -2.6% | 16.9% | ||
| Q3 24 | 4.4% | 15.4% | ||
| Q2 24 | 6.5% | 8.3% | ||
| Q1 24 | 3.5% | 15.2% |
净利率AXONPIPR
| Q4 25 | 0.3% | 17.1% | ||
| Q3 25 | -0.3% | 12.6% | ||
| Q2 25 | 5.4% | 10.6% | ||
| Q1 25 | 14.6% | 18.1% | ||
| Q4 24 | 23.7% | 14.2% | ||
| Q3 24 | 12.3% | 9.6% | ||
| Q2 24 | 8.1% | 10.2% | ||
| Q1 24 | 28.9% | 12.3% |
每股收益（稀释后）AXONPIPR
| Q4 25 | $0.02 | $6.41 | ||
| Q3 25 | $-0.03 | $3.38 | ||
| Q2 25 | $0.44 | $2.38 | ||
| Q1 25 | $1.08 | $3.65 | ||
| Q4 24 | $1.68 | $3.88 | ||
| Q3 24 | $0.86 | $1.96 | ||
| Q2 24 | $0.53 | $1.97 | ||
| Q1 24 | $1.73 | $2.43 |
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 | — |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $1.4B |
| 总资产 | $7.0B | $2.6B |
| 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AXONPIPR
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $788.1M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $968.9M | — | ||
| Q1 24 | $964.1M | — |
总债务AXONPIPR
| 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AXONPIPR
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.8B | $1.1B |
总资产AXONPIPR
| Q4 25 | $7.0B | $2.6B | ||
| Q3 25 | $6.7B | $2.2B | ||
| Q2 25 | $6.2B | $2.0B | ||
| Q1 25 | $6.1B | $1.8B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.0B | $2.0B | ||
| Q2 24 | $3.7B | $1.9B | ||
| Q1 24 | $3.6B | $1.8B |
负债/权益比AXONPIPR
| 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 | $729.8M |
| 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× | 6.40× |
| 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AXONPIPR
| Q4 25 | $217.2M | $729.8M | ||
| Q3 25 | $60.0M | $31.9M | ||
| Q2 25 | $-91.7M | $32.1M | ||
| Q1 25 | $25.8M | $-207.2M | ||
| Q4 24 | $250.2M | $163.8M | ||
| Q3 24 | $91.3M | $80.1M | ||
| Q2 24 | $82.8M | $266.5M | ||
| Q1 24 | $-15.9M | $-197.2M |
自由现金流AXONPIPR
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | — | ||
| Q2 24 | $71.4M | — | ||
| Q1 24 | $-32.1M | — |
自由现金流率AXONPIPR
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | — |
资本支出强度AXONPIPR
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | — |
现金转化率AXONPIPR
| Q4 25 | 79.14× | 6.40× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | -2.54× | 0.76× | ||
| Q1 25 | 0.29× | -3.19× | ||
| Q4 24 | 1.84× | 2.37× | ||
| Q3 24 | 1.36× | 2.30× | ||
| Q2 24 | 2.03× | 7.66× | ||
| Q1 24 | -0.12× | -4.64× |
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% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
