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Axon Enterprise（AXON）与Ryman Hospitality Properties, Inc.（RHP）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Ryman Hospitality Properties, Inc.的1.2倍（$796.7M vs $664.6M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs 0.3%，领先10.1%），Axon Enterprise同比增速更快（38.9% vs 13.2%），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 4.1%）
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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
AXON vs RHP — 直观对比
营收规模更大
AXON
是对方的1.2倍
$664.6M
营收增速更快
AXON
高出25.8%
13.2%
净利率更高
RHP
高出10.1%
0.3%
两年增速更快
AXON
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $664.6M |
| 净利润 | $2.7M | $69.4M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | 20.7% |
| 净利率 | 0.3% | 10.4% |
| 营收同比 | 38.9% | 13.2% |
| 净利润同比 | -98.0% | 10.1% |
| 每股收益（稀释后） | $0.02 | $1.03 |
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AXONRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $796.7M | $737.8M | ||
| Q3 25 | $710.6M | $592.5M | ||
| Q2 25 | $668.5M | $659.5M | ||
| Q1 25 | $603.6M | $587.3M | ||
| Q4 24 | $573.4M | $647.6M | ||
| Q3 24 | $544.3M | $550.0M | ||
| Q2 24 | $504.1M | $613.3M |
净利润AXONRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $2.7M | $74.5M | ||
| Q3 25 | $-2.2M | $34.9M | ||
| Q2 25 | $36.1M | $71.8M | ||
| Q1 25 | $88.0M | $63.0M | ||
| Q4 24 | $136.0M | $72.3M | ||
| Q3 24 | $67.0M | $59.0M | ||
| Q2 24 | $40.8M | $100.8M |
毛利率AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | 57.9% | 41.4% | ||
| Q3 25 | 60.1% | 40.9% | ||
| Q2 25 | 60.4% | 49.7% | ||
| Q1 25 | 60.6% | 44.4% | ||
| Q4 24 | 60.5% | 40.4% | ||
| Q3 24 | 60.8% | 43.1% | ||
| Q2 24 | 60.3% | 48.4% |
营业利润率AXONRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | -6.3% | 19.4% | ||
| Q3 25 | -0.3% | 15.0% | ||
| Q2 25 | -0.2% | 21.1% | ||
| Q1 25 | -1.5% | 19.8% | ||
| Q4 24 | -2.6% | 18.6% | ||
| Q3 24 | 4.4% | 19.3% | ||
| Q2 24 | 6.5% | 27.4% |
净利率AXONRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 0.3% | 10.1% | ||
| Q3 25 | -0.3% | 5.9% | ||
| Q2 25 | 5.4% | 10.9% | ||
| Q1 25 | 14.6% | 10.7% | ||
| Q4 24 | 23.7% | 11.2% | ||
| Q3 24 | 12.3% | 10.7% | ||
| Q2 24 | 8.1% | 16.4% |
每股收益（稀释后）AXONRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $0.02 | $1.12 | ||
| Q3 25 | $-0.03 | $0.53 | ||
| Q2 25 | $0.44 | $1.12 | ||
| Q1 25 | $1.08 | $1.00 | ||
| Q4 24 | $1.68 | $1.12 | ||
| Q3 24 | $0.86 | $0.94 | ||
| Q2 24 | $0.53 | $1.65 |
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 | $770.8M |
| 总资产 | $7.0B | $6.2B |
| 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AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $471.4M | ||
| Q3 25 | $2.4B | $483.3M | ||
| Q2 25 | $2.1B | $420.6M | ||
| Q1 25 | $2.2B | $413.9M | ||
| Q4 24 | $788.1M | $477.7M | ||
| Q3 24 | $1.0B | $534.9M | ||
| Q2 24 | $968.9M | $498.4M |
总债务AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AXONRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $3.2B | $750.2M | ||
| Q3 25 | $3.0B | $758.5M | ||
| Q2 25 | $2.7B | $800.4M | ||
| Q1 25 | $2.6B | $531.5M | ||
| Q4 24 | $2.3B | $549.0M | ||
| Q3 24 | $2.1B | $551.9M | ||
| Q2 24 | $1.9B | $562.6M |
总资产AXONRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $7.0B | $6.2B | ||
| Q3 25 | $6.7B | $6.2B | ||
| Q2 25 | $6.2B | $6.1B | ||
| Q1 25 | $6.1B | $5.2B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.0B | $5.2B | ||
| Q2 24 | $3.7B | $5.1B |
负债/权益比AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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× | — |
| 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AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | $217.2M | $164.7M | ||
| Q3 25 | $60.0M | $205.2M | ||
| Q2 25 | $-91.7M | $122.5M | ||
| Q1 25 | $25.8M | $98.2M | ||
| Q4 24 | $250.2M | $166.6M | ||
| Q3 24 | $91.3M | $218.1M | ||
| Q2 24 | $82.8M | $184.3M |
自由现金流AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | $155.4M | $58.5M | ||
| Q3 25 | $33.4M | $135.4M | ||
| Q2 25 | $-114.7M | $53.0M | ||
| Q1 25 | $932.0K | $-14.5M | ||
| Q4 24 | $225.4M | $76.0M | ||
| Q3 24 | $64.8M | $85.7M | ||
| Q2 24 | $71.4M | $78.8M |
自由现金流率AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | 19.5% | 7.9% | ||
| Q3 25 | 4.7% | 22.9% | ||
| Q2 25 | -17.2% | 8.0% | ||
| Q1 25 | 0.2% | -2.5% | ||
| Q4 24 | 39.3% | 11.7% | ||
| Q3 24 | 11.9% | 15.6% | ||
| Q2 24 | 14.2% | 12.9% |
资本支出强度AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 14.4% | ||
| Q3 25 | 3.7% | 11.8% | ||
| Q2 25 | 3.4% | 10.5% | ||
| Q1 25 | 4.1% | 19.2% | ||
| Q4 24 | 4.3% | 14.0% | ||
| Q3 24 | 4.9% | 24.1% | ||
| Q2 24 | 2.2% | 17.2% |
现金转化率AXONRHP
| Q1 26 | — | — | ||
| Q4 25 | 79.14× | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | -2.54× | 1.71× | ||
| Q1 25 | 0.29× | 1.56× | ||
| Q4 24 | 1.84× | 2.30× | ||
| Q3 24 | 1.36× | 3.70× | ||
| Q2 24 | 2.03× | 1.83× |
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% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
