vs
Axon Enterprise（AXON）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是Axon Enterprise的1.8倍（$1.4B vs $796.7M），Axon Enterprise净利率更高（0.3% vs -22.3%，领先22.7%），罗布乐思同比增速更快（43.2% vs 38.9%），罗布乐思自由现金流更多（$308.6M vs $155.4M），过去两年罗布乐思的营收复合增速更高（32.9% 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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
AXON vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.8倍
$796.7M
营收增速更快
RBLX
高出4.3%
38.9%
净利率更高
AXON
高出22.7%
-22.3%
自由现金流更多
RBLX
多$153.2M
$155.4M
两年增速更快
RBLX
近两年复合增速
31.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.4B |
| 净利润 | $2.7M | $-316.0M |
| 毛利率 | 57.9% | 77.7% |
| 营业利润率 | -6.3% | -25.3% |
| 净利率 | 0.3% | -22.3% |
| 营收同比 | 38.9% | 43.2% |
| 净利润同比 | -98.0% | -43.9% |
| 每股收益（稀释后） | $0.02 | $-0.44 |
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AXONRBLX
| Q4 25 | $796.7M | $1.4B | ||
| Q3 25 | $710.6M | $1.4B | ||
| Q2 25 | $668.5M | $1.1B | ||
| Q1 25 | $603.6M | $1.0B | ||
| Q4 24 | $573.4M | $988.2M | ||
| Q3 24 | $544.3M | $919.0M | ||
| Q2 24 | $504.1M | $893.5M | ||
| Q1 24 | $460.7M | $801.3M |
净利润AXONRBLX
| Q4 25 | $2.7M | $-316.0M | ||
| Q3 25 | $-2.2M | $-255.6M | ||
| Q2 25 | $36.1M | $-278.4M | ||
| Q1 25 | $88.0M | $-215.1M | ||
| Q4 24 | $136.0M | $-219.6M | ||
| Q3 24 | $67.0M | $-239.3M | ||
| Q2 24 | $40.8M | $-205.9M | ||
| Q1 24 | $133.2M | $-270.6M |
毛利率AXONRBLX
| Q4 25 | 57.9% | 77.7% | ||
| Q3 25 | 60.1% | 78.2% | ||
| Q2 25 | 60.4% | 78.2% | ||
| Q1 25 | 60.6% | 78.3% | ||
| Q4 24 | 60.5% | 77.9% | ||
| Q3 24 | 60.8% | 77.7% | ||
| Q2 24 | 60.3% | 77.8% | ||
| Q1 24 | 56.4% | 77.7% |
营业利润率AXONRBLX
| Q4 25 | -6.3% | -25.3% | ||
| Q3 25 | -0.3% | -21.8% | ||
| Q2 25 | -0.2% | -29.8% | ||
| Q1 25 | -1.5% | -24.6% | ||
| Q4 24 | -2.6% | -24.7% | ||
| Q3 24 | 4.4% | -30.4% | ||
| Q2 24 | 6.5% | -26.6% | ||
| Q1 24 | 3.5% | -37.7% |
净利率AXONRBLX
| Q4 25 | 0.3% | -22.3% | ||
| Q3 25 | -0.3% | -18.8% | ||
| Q2 25 | 5.4% | -25.8% | ||
| Q1 25 | 14.6% | -20.8% | ||
| Q4 24 | 23.7% | -22.2% | ||
| Q3 24 | 12.3% | -26.0% | ||
| Q2 24 | 8.1% | -23.0% | ||
| Q1 24 | 28.9% | -33.8% |
每股收益（稀释后）AXONRBLX
| Q4 25 | $0.02 | $-0.44 | ||
| Q3 25 | $-0.03 | $-0.37 | ||
| Q2 25 | $0.44 | $-0.41 | ||
| Q1 25 | $1.08 | $-0.32 | ||
| Q4 24 | $1.68 | $-0.32 | ||
| Q3 24 | $0.86 | $-0.37 | ||
| Q2 24 | $0.53 | $-0.32 | ||
| Q1 24 | $1.73 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | $1.8B | $1.2B |
| 股东权益账面价值 | $3.2B | $394.5M |
| 总资产 | $7.0B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.56× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资AXONRBLX
| Q4 25 | $1.7B | $3.1B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.2B | $2.7B | ||
| Q4 24 | $788.1M | $2.4B | ||
| Q3 24 | $1.0B | $2.3B | ||
| Q2 24 | $968.9M | $2.4B | ||
| Q1 24 | $964.1M | $2.4B |
总债务AXONRBLX
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONRBLX
| Q4 25 | $3.2B | $394.5M | ||
| Q3 25 | $3.0B | $407.6M | ||
| Q2 25 | $2.7B | $353.2M | ||
| Q1 25 | $2.6B | $310.7M | ||
| Q4 24 | $2.3B | $221.4M | ||
| Q3 24 | $2.1B | $189.9M | ||
| Q2 24 | $1.9B | $121.5M | ||
| Q1 24 | $1.8B | $71.6M |
总资产AXONRBLX
| Q4 25 | $7.0B | $9.6B | ||
| Q3 25 | $6.7B | $8.6B | ||
| Q2 25 | $6.2B | $7.8B | ||
| Q1 25 | $6.1B | $7.5B | ||
| Q4 24 | $4.5B | $7.2B | ||
| Q3 24 | $4.0B | $6.7B | ||
| Q2 24 | $3.7B | $6.5B | ||
| Q1 24 | $3.6B | $6.3B |
负债/权益比AXONRBLX
| Q4 25 | 0.56× | 2.98× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 5.48× | ||
| 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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $308.6M |
| 自由现金流率自由现金流/营收 | 19.5% | 21.8% |
| 资本支出强度资本支出/营收 | 7.8% | 21.1% |
| 现金转化率经营现金流/净利润 | 79.14× | — |
| 过去12个月自由现金流最近4个季度 | $75.1M | $1.4B |
8季度趋势，按日历期对齐
经营现金流AXONRBLX
| Q4 25 | $217.2M | $607.0M | ||
| Q3 25 | $60.0M | $546.2M | ||
| Q2 25 | $-91.7M | $199.3M | ||
| Q1 25 | $25.8M | $443.9M | ||
| Q4 24 | $250.2M | $184.5M | ||
| Q3 24 | $91.3M | $247.4M | ||
| Q2 24 | $82.8M | $151.4M | ||
| Q1 24 | $-15.9M | $238.9M |
自由现金流AXONRBLX
| Q4 25 | $155.4M | $308.6M | ||
| Q3 25 | $33.4M | $443.6M | ||
| Q2 25 | $-114.7M | $176.7M | ||
| Q1 25 | $932.0K | $426.5M | ||
| Q4 24 | $225.4M | $120.6M | ||
| Q3 24 | $64.8M | $218.0M | ||
| Q2 24 | $71.4M | $111.7M | ||
| Q1 24 | $-32.1M | $192.3M |
自由现金流率AXONRBLX
| Q4 25 | 19.5% | 21.8% | ||
| Q3 25 | 4.7% | 32.6% | ||
| Q2 25 | -17.2% | 16.3% | ||
| Q1 25 | 0.2% | 41.2% | ||
| Q4 24 | 39.3% | 12.2% | ||
| Q3 24 | 11.9% | 23.7% | ||
| Q2 24 | 14.2% | 12.5% | ||
| Q1 24 | -7.0% | 24.0% |
资本支出强度AXONRBLX
| Q4 25 | 7.8% | 21.1% | ||
| Q3 25 | 3.7% | 7.5% | ||
| Q2 25 | 3.4% | 2.1% | ||
| Q1 25 | 4.1% | 1.7% | ||
| Q4 24 | 4.3% | 6.5% | ||
| Q3 24 | 4.9% | 3.2% | ||
| Q2 24 | 2.2% | 4.4% | ||
| Q1 24 | 3.5% | 5.8% |
现金转化率AXONRBLX
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — | ||
| 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% |
RBLX
暂无分部数据
