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Axon Enterprise（AXON）与RBC Bearings INC（RBC）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RBC Bearings INC的1.7倍（$796.7M vs $461.6M）。RBC Bearings INC净利率更高（14.6% vs 0.3%，领先14.3%）。Axon Enterprise同比增速更快（38.9% vs 17.0%）。Axon Enterprise自由现金流更多（$155.4M vs $99.1M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
AXON vs RBC — 直观对比
营收规模更大
AXON
是对方的1.7倍
$461.6M
营收增速更快
AXON
高出21.9%
17.0%
净利率更高
RBC
高出14.3%
0.3%
自由现金流更多
AXON
多$56.3M
$99.1M
两年增速更快
AXON
近两年复合增速
5.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $461.6M |
| 净利润 | $2.7M | $67.4M |
| 毛利率 | 57.9% | 44.3% |
| 营业利润率 | -6.3% | 22.3% |
| 净利率 | 0.3% | 14.6% |
| 营收同比 | 38.9% | 17.0% |
| 净利润同比 | -98.0% | 16.4% |
| 每股收益（稀释后） | $0.02 | $2.13 |
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AXONRBC
| Q4 25 | $796.7M | $461.6M | ||
| Q3 25 | $710.6M | $455.3M | ||
| Q2 25 | $668.5M | $436.0M | ||
| Q1 25 | $603.6M | $437.7M | ||
| Q4 24 | $573.4M | $394.4M | ||
| Q3 24 | $544.3M | $397.9M | ||
| Q2 24 | $504.1M | $406.3M | ||
| Q1 24 | $460.7M | $413.7M |
净利润AXONRBC
| Q4 25 | $2.7M | $67.4M | ||
| Q3 25 | $-2.2M | $60.0M | ||
| Q2 25 | $36.1M | $68.5M | ||
| Q1 25 | $88.0M | $72.7M | ||
| Q4 24 | $136.0M | $57.9M | ||
| Q3 24 | $67.0M | $54.2M | ||
| Q2 24 | $40.8M | $61.4M | ||
| Q1 24 | $133.2M | — |
毛利率AXONRBC
| Q4 25 | 57.9% | 44.3% | ||
| Q3 25 | 60.1% | 44.1% | ||
| Q2 25 | 60.4% | 44.8% | ||
| Q1 25 | 60.6% | 44.2% | ||
| Q4 24 | 60.5% | 44.3% | ||
| Q3 24 | 60.8% | 43.7% | ||
| Q2 24 | 60.3% | 45.3% | ||
| Q1 24 | 56.4% | 43.1% |
营业利润率AXONRBC
| Q4 25 | -6.3% | 22.3% | ||
| Q3 25 | -0.3% | 21.5% | ||
| Q2 25 | -0.2% | 23.2% | ||
| Q1 25 | -1.5% | 23.0% | ||
| Q4 24 | -2.6% | 21.7% | ||
| Q3 24 | 4.4% | 21.6% | ||
| Q2 24 | 6.5% | 24.0% | ||
| Q1 24 | 3.5% | 22.8% |
净利率AXONRBC
| Q4 25 | 0.3% | 14.6% | ||
| Q3 25 | -0.3% | 13.2% | ||
| Q2 25 | 5.4% | 15.7% | ||
| Q1 25 | 14.6% | 16.6% | ||
| Q4 24 | 23.7% | 14.7% | ||
| Q3 24 | 12.3% | 13.6% | ||
| Q2 24 | 8.1% | 15.1% | ||
| Q1 24 | 28.9% | — |
每股收益（稀释后）AXONRBC
| Q4 25 | $0.02 | $2.13 | ||
| Q3 25 | $-0.03 | $1.90 | ||
| Q2 25 | $0.44 | $2.17 | ||
| Q1 25 | $1.08 | $2.33 | ||
| Q4 24 | $1.68 | $1.82 | ||
| Q3 24 | $0.86 | $1.65 | ||
| Q2 24 | $0.53 | $1.90 | ||
| Q1 24 | $1.73 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $1.8B | $990.2M |
| 股东权益账面价值 | $3.2B | $3.3B |
| 总资产 | $7.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资AXONRBC
| Q4 25 | $1.7B | $107.6M | ||
| Q3 25 | $2.4B | $91.2M | ||
| Q2 25 | $2.1B | $132.9M | ||
| Q1 25 | $2.2B | $36.8M | ||
| Q4 24 | $788.1M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $968.9M | $76.8M | ||
| Q1 24 | $964.1M | $63.5M |
总债务AXONRBC
| Q4 25 | $1.8B | $990.2M | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $915.6M | ||
| Q1 25 | $2.0B | $920.1M | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益AXONRBC
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.7B | $3.1B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $2.1B | $2.9B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.8B | $2.8B |
总资产AXONRBC
| Q4 25 | $7.0B | $5.1B | ||
| Q3 25 | $6.7B | $5.1B | ||
| Q2 25 | $6.2B | $4.8B | ||
| Q1 25 | $6.1B | $4.7B | ||
| Q4 24 | $4.5B | $4.7B | ||
| Q3 24 | $4.0B | $4.7B | ||
| Q2 24 | $3.7B | $4.7B | ||
| Q1 24 | $3.6B | $4.7B |
负债/权益比AXONRBC
| Q4 25 | 0.56× | 0.30× | ||
| Q3 25 | 0.66× | 0.34× | ||
| Q2 25 | 0.73× | 0.29× | ||
| Q1 25 | 0.79× | 0.30× | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $99.1M |
| 自由现金流率自由现金流/营收 | 19.5% | 21.5% |
| 资本支出强度资本支出/营收 | 7.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 79.14× | 1.81× |
| 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AXONRBC
| Q4 25 | $217.2M | $122.1M | ||
| Q3 25 | $60.0M | $88.4M | ||
| Q2 25 | $-91.7M | $120.0M | ||
| Q1 25 | $25.8M | — | ||
| Q4 24 | $250.2M | $84.0M | ||
| Q3 24 | $91.3M | — | ||
| Q2 24 | $82.8M | $97.4M | ||
| Q1 24 | $-15.9M | — |
自由现金流AXONRBC
| Q4 25 | $155.4M | $99.1M | ||
| Q3 25 | $33.4M | $71.7M | ||
| Q2 25 | $-114.7M | $104.3M | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | $73.6M | ||
| Q3 24 | $64.8M | — | ||
| Q2 24 | $71.4M | $88.4M | ||
| Q1 24 | $-32.1M | — |
自由现金流率AXONRBC
| Q4 25 | 19.5% | 21.5% | ||
| Q3 25 | 4.7% | 15.7% | ||
| Q2 25 | -17.2% | 23.9% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | 18.7% | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 14.2% | 21.8% | ||
| Q1 24 | -7.0% | — |
资本支出强度AXONRBC
| Q4 25 | 7.8% | 5.0% | ||
| Q3 25 | 3.7% | 3.7% | ||
| Q2 25 | 3.4% | 3.6% | ||
| Q1 25 | 4.1% | 3.2% | ||
| Q4 24 | 4.3% | 2.6% | ||
| Q3 24 | 4.9% | 4.1% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 3.5% | — |
现金转化率AXONRBC
| Q4 25 | 79.14× | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | -2.54× | 1.75× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | 1.45× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | 1.59× | ||
| Q1 24 | -0.12× | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
