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Axon Enterprise（AXON）与Pure Storage, Inc.（PSTG）财务数据对比。点击上方公司名可切换其他公司
Pure Storage, Inc.的季度营收约是Axon Enterprise的1.2倍（$964.5M vs $796.7M）。Pure Storage, Inc.净利率更高（5.7% vs 0.3%，领先5.3%）。Axon Enterprise同比增速更快（38.9% vs 16.0%）。Axon Enterprise自由现金流更多（$155.4M vs $52.6M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 10.5%）
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。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
AXON vs PSTG — 直观对比
营收规模更大
PSTG
是对方的1.2倍
$796.7M
营收增速更快
AXON
高出22.9%
16.0%
净利率更高
PSTG
高出5.3%
0.3%
自由现金流更多
AXON
多$102.9M
$52.6M
两年增速更快
AXON
近两年复合增速
10.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $964.5M |
| 净利润 | $2.7M | $54.8M |
| 毛利率 | 57.9% | 72.3% |
| 营业利润率 | -6.3% | 5.6% |
| 净利率 | 0.3% | 5.7% |
| 营收同比 | 38.9% | 16.0% |
| 净利润同比 | -98.0% | -13.9% |
| 每股收益（稀释后） | $0.02 | $0.16 |
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AXONPSTG
| Q4 25 | $796.7M | $964.5M | ||
| Q3 25 | $710.6M | $861.0M | ||
| Q2 25 | $668.5M | $778.5M | ||
| Q1 25 | $603.6M | $879.8M | ||
| Q4 24 | $573.4M | $831.1M | ||
| Q3 24 | $544.3M | $763.8M | ||
| Q2 24 | $504.1M | $693.5M | ||
| Q1 24 | $460.7M | $789.8M |
净利润AXONPSTG
| Q4 25 | $2.7M | $54.8M | ||
| Q3 25 | $-2.2M | $47.1M | ||
| Q2 25 | $36.1M | $-14.0M | ||
| Q1 25 | $88.0M | $42.4M | ||
| Q4 24 | $136.0M | $63.6M | ||
| Q3 24 | $67.0M | $35.7M | ||
| Q2 24 | $40.8M | $-35.0M | ||
| Q1 24 | $133.2M | $65.4M |
毛利率AXONPSTG
| Q4 25 | 57.9% | 72.3% | ||
| Q3 25 | 60.1% | 70.2% | ||
| Q2 25 | 60.4% | 68.9% | ||
| Q1 25 | 60.6% | 67.5% | ||
| Q4 24 | 60.5% | 70.1% | ||
| Q3 24 | 60.8% | 70.7% | ||
| Q2 24 | 60.3% | 71.5% | ||
| Q1 24 | 56.4% | 72.0% |
营业利润率AXONPSTG
| Q4 25 | -6.3% | 5.6% | ||
| Q3 25 | -0.3% | 0.6% | ||
| Q2 25 | -0.2% | -4.0% | ||
| Q1 25 | -1.5% | 4.8% | ||
| Q4 24 | -2.6% | 7.2% | ||
| Q3 24 | 4.4% | 3.3% | ||
| Q2 24 | 6.5% | -6.0% | ||
| Q1 24 | 3.5% | 7.3% |
净利率AXONPSTG
| Q4 25 | 0.3% | 5.7% | ||
| Q3 25 | -0.3% | 5.5% | ||
| Q2 25 | 5.4% | -1.8% | ||
| Q1 25 | 14.6% | 4.8% | ||
| Q4 24 | 23.7% | 7.7% | ||
| Q3 24 | 12.3% | 4.7% | ||
| Q2 24 | 8.1% | -5.0% | ||
| Q1 24 | 28.9% | 8.3% |
每股收益（稀释后）AXONPSTG
| Q4 25 | $0.02 | $0.16 | ||
| Q3 25 | $-0.03 | $0.14 | ||
| Q2 25 | $0.44 | $-0.04 | ||
| Q1 25 | $1.08 | $0.13 | ||
| Q4 24 | $1.68 | $0.19 | ||
| Q3 24 | $0.86 | $0.10 | ||
| Q2 24 | $0.53 | $-0.11 | ||
| Q1 24 | $1.73 | $0.22 |
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 | $852.8M |
| 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 | $4.2B |
| 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AXONPSTG
| Q4 25 | $1.7B | $852.8M | ||
| Q3 25 | $2.4B | $887.8M | ||
| Q2 25 | $2.1B | $739.3M | ||
| Q1 25 | $2.2B | $723.6M | ||
| Q4 24 | $788.1M | $894.6M | ||
| Q3 24 | $1.0B | $965.0M | ||
| Q2 24 | $968.9M | $900.6M | ||
| Q1 24 | $964.1M | $702.5M |
总债务AXONPSTG
| 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AXONPSTG
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.3B | $1.4B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $1.9B | $1.4B | ||
| Q1 24 | $1.8B | $1.3B |
总资产AXONPSTG
| Q4 25 | $7.0B | $4.2B | ||
| Q3 25 | $6.7B | $4.0B | ||
| Q2 25 | $6.2B | $3.8B | ||
| Q1 25 | $6.1B | $4.0B | ||
| Q4 24 | $4.5B | $3.9B | ||
| Q3 24 | $4.0B | $3.8B | ||
| Q2 24 | $3.7B | $3.6B | ||
| Q1 24 | $3.6B | $3.7B |
负债/权益比AXONPSTG
| 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 | $116.0M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $52.6M |
| 自由现金流率自由现金流/营收 | 19.5% | 5.5% |
| 资本支出强度资本支出/营收 | 7.8% | 6.6% |
| 现金转化率经营现金流/净利润 | 79.14× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $566.7M |
8季度趋势，按日历期对齐
经营现金流AXONPSTG
| Q4 25 | $217.2M | $116.0M | ||
| Q3 25 | $60.0M | $212.2M | ||
| Q2 25 | $-91.7M | $283.9M | ||
| Q1 25 | $25.8M | $208.5M | ||
| Q4 24 | $250.2M | $97.0M | ||
| Q3 24 | $91.3M | $226.6M | ||
| Q2 24 | $82.8M | $221.5M | ||
| Q1 24 | $-15.9M | $244.4M |
自由现金流AXONPSTG
| Q4 25 | $155.4M | $52.6M | ||
| Q3 25 | $33.4M | $150.1M | ||
| Q2 25 | $-114.7M | $211.6M | ||
| Q1 25 | $932.0K | $152.4M | ||
| Q4 24 | $225.4M | $35.2M | ||
| Q3 24 | $64.8M | $166.6M | ||
| Q2 24 | $71.4M | $172.7M | ||
| Q1 24 | $-32.1M | $200.9M |
自由现金流率AXONPSTG
| Q4 25 | 19.5% | 5.5% | ||
| Q3 25 | 4.7% | 17.4% | ||
| Q2 25 | -17.2% | 27.2% | ||
| Q1 25 | 0.2% | 17.3% | ||
| Q4 24 | 39.3% | 4.2% | ||
| Q3 24 | 11.9% | 21.8% | ||
| Q2 24 | 14.2% | 24.9% | ||
| Q1 24 | -7.0% | 25.4% |
资本支出强度AXONPSTG
| Q4 25 | 7.8% | 6.6% | ||
| Q3 25 | 3.7% | 7.2% | ||
| Q2 25 | 3.4% | 9.3% | ||
| Q1 25 | 4.1% | 6.4% | ||
| Q4 24 | 4.3% | 7.4% | ||
| Q3 24 | 4.9% | 7.9% | ||
| Q2 24 | 2.2% | 7.0% | ||
| Q1 24 | 3.5% | 5.5% |
现金转化率AXONPSTG
| Q4 25 | 79.14× | 2.12× | ||
| Q3 25 | — | 4.50× | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | 4.91× | ||
| Q4 24 | 1.84× | 1.52× | ||
| Q3 24 | 1.36× | 6.35× | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | 3.74× |
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% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
