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Axon Enterprise（AXON）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是Axon Enterprise的1.3倍（$1.0B vs $796.7M），越洋钻探净利率更高（2.4% vs 0.3%，领先2.1%），Axon Enterprise同比增速更快（38.9% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $155.4M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 16.9%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
AXON vs RIG — 直观对比
营收规模更大
RIG
是对方的1.3倍
$796.7M
营收增速更快
AXON
高出29.4%
9.6%
净利率更高
RIG
高出2.1%
0.3%
自由现金流更多
RIG
多$165.6M
$155.4M
两年增速更快
AXON
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.0B |
| 净利润 | $2.7M | $25.0M |
| 毛利率 | 57.9% | 42.0% |
| 营业利润率 | -6.3% | 23.0% |
| 净利率 | 0.3% | 2.4% |
| 营收同比 | 38.9% | 9.6% |
| 净利润同比 | -98.0% | 257.1% |
| 每股收益（稀释后） | $0.02 | $0.13 |
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AXONRIG
| Q4 25 | $796.7M | $1.0B | ||
| Q3 25 | $710.6M | $1.0B | ||
| Q2 25 | $668.5M | $988.0M | ||
| Q1 25 | $603.6M | $906.0M | ||
| Q4 24 | $573.4M | $952.0M | ||
| Q3 24 | $544.3M | $948.0M | ||
| Q2 24 | $504.1M | $861.0M | ||
| Q1 24 | $460.7M | $763.0M |
净利润AXONRIG
| Q4 25 | $2.7M | $25.0M | ||
| Q3 25 | $-2.2M | $-1.9B | ||
| Q2 25 | $36.1M | $-938.0M | ||
| Q1 25 | $88.0M | $-79.0M | ||
| Q4 24 | $136.0M | $7.0M | ||
| Q3 24 | $67.0M | $-494.0M | ||
| Q2 24 | $40.8M | $-123.0M | ||
| Q1 24 | $133.2M | $98.0M |
毛利率AXONRIG
| Q4 25 | 57.9% | 42.0% | ||
| Q3 25 | 60.1% | 43.2% | ||
| Q2 25 | 60.4% | 39.4% | ||
| Q1 25 | 60.6% | 31.8% | ||
| Q4 24 | 60.5% | 39.2% | ||
| Q3 24 | 60.8% | 40.6% | ||
| Q2 24 | 60.3% | 38.0% | ||
| Q1 24 | 56.4% | 31.5% |
营业利润率AXONRIG
| Q4 25 | -6.3% | 23.0% | ||
| Q3 25 | -0.3% | -163.1% | ||
| Q2 25 | -0.2% | -97.6% | ||
| Q1 25 | -1.5% | 7.1% | ||
| Q4 24 | -2.6% | 13.7% | ||
| Q3 24 | 4.4% | -51.2% | ||
| Q2 24 | 6.5% | -6.9% | ||
| Q1 24 | 3.5% | -0.4% |
净利率AXONRIG
| Q4 25 | 0.3% | 2.4% | ||
| Q3 25 | -0.3% | -187.1% | ||
| Q2 25 | 5.4% | -94.9% | ||
| Q1 25 | 14.6% | -8.7% | ||
| Q4 24 | 23.7% | 0.7% | ||
| Q3 24 | 12.3% | -52.1% | ||
| Q2 24 | 8.1% | -14.3% | ||
| Q1 24 | 28.9% | 12.8% |
每股收益（稀释后）AXONRIG
| Q4 25 | $0.02 | $0.13 | ||
| Q3 25 | $-0.03 | $-2.00 | ||
| Q2 25 | $0.44 | $-1.06 | ||
| Q1 25 | $1.08 | $-0.11 | ||
| Q4 24 | $1.68 | $-0.14 | ||
| Q3 24 | $0.86 | $-0.58 | ||
| Q2 24 | $0.53 | $-0.15 | ||
| Q1 24 | $1.73 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $1.8B | $5.2B |
| 股东权益账面价值 | $3.2B | $8.1B |
| 总资产 | $7.0B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资AXONRIG
| Q4 25 | $1.7B | $620.0M | ||
| Q3 25 | $2.4B | $833.0M | ||
| Q2 25 | $2.1B | $377.0M | ||
| Q1 25 | $2.2B | $263.0M | ||
| Q4 24 | $788.1M | $560.0M | ||
| Q3 24 | $1.0B | $435.0M | ||
| Q2 24 | $968.9M | $475.0M | ||
| Q1 24 | $964.1M | $446.0M |
总债务AXONRIG
| Q4 25 | $1.8B | $5.2B | ||
| Q3 25 | $2.0B | $4.8B | ||
| Q2 25 | $2.0B | $5.9B | ||
| Q1 25 | $2.0B | $5.9B | ||
| Q4 24 | $680.3M | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益AXONRIG
| Q4 25 | $3.2B | $8.1B | ||
| Q3 25 | $3.0B | $8.1B | ||
| Q2 25 | $2.7B | $9.4B | ||
| Q1 25 | $2.6B | $10.2B | ||
| Q4 24 | $2.3B | $10.3B | ||
| Q3 24 | $2.1B | $10.2B | ||
| Q2 24 | $1.9B | $10.7B | ||
| Q1 24 | $1.8B | $10.5B |
总资产AXONRIG
| Q4 25 | $7.0B | $15.6B | ||
| Q3 25 | $6.7B | $16.2B | ||
| Q2 25 | $6.2B | $17.8B | ||
| Q1 25 | $6.1B | $19.0B | ||
| Q4 24 | $4.5B | $19.4B | ||
| Q3 24 | $4.0B | $19.5B | ||
| Q2 24 | $3.7B | $20.3B | ||
| Q1 24 | $3.6B | $19.9B |
负债/权益比AXONRIG
| Q4 25 | 0.56× | 0.64× | ||
| Q3 25 | 0.66× | 0.60× | ||
| Q2 25 | 0.73× | 0.63× | ||
| Q1 25 | 0.79× | 0.58× | ||
| Q4 24 | 0.29× | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $321.0M |
| 自由现金流率自由现金流/营收 | 19.5% | 30.8% |
| 资本支出强度资本支出/营收 | 7.8% | 2.7% |
| 现金转化率经营现金流/净利润 | 79.14× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $626.0M |
8季度趋势，按日历期对齐
经营现金流AXONRIG
| Q4 25 | $217.2M | $349.0M | ||
| Q3 25 | $60.0M | $246.0M | ||
| Q2 25 | $-91.7M | $128.0M | ||
| Q1 25 | $25.8M | $26.0M | ||
| Q4 24 | $250.2M | $206.0M | ||
| Q3 24 | $91.3M | $194.0M | ||
| Q2 24 | $82.8M | $133.0M | ||
| Q1 24 | $-15.9M | $-86.0M |
自由现金流AXONRIG
| Q4 25 | $155.4M | $321.0M | ||
| Q3 25 | $33.4M | $235.0M | ||
| Q2 25 | $-114.7M | $104.0M | ||
| Q1 25 | $932.0K | $-34.0M | ||
| Q4 24 | $225.4M | $177.0M | ||
| Q3 24 | $64.8M | $136.0M | ||
| Q2 24 | $71.4M | $49.0M | ||
| Q1 24 | $-32.1M | $-169.0M |
自由现金流率AXONRIG
| Q4 25 | 19.5% | 30.8% | ||
| Q3 25 | 4.7% | 22.9% | ||
| Q2 25 | -17.2% | 10.5% | ||
| Q1 25 | 0.2% | -3.8% | ||
| Q4 24 | 39.3% | 18.6% | ||
| Q3 24 | 11.9% | 14.3% | ||
| Q2 24 | 14.2% | 5.7% | ||
| Q1 24 | -7.0% | -22.1% |
资本支出强度AXONRIG
| Q4 25 | 7.8% | 2.7% | ||
| Q3 25 | 3.7% | 1.1% | ||
| Q2 25 | 3.4% | 2.4% | ||
| Q1 25 | 4.1% | 6.6% | ||
| Q4 24 | 4.3% | 3.0% | ||
| Q3 24 | 4.9% | 6.1% | ||
| Q2 24 | 2.2% | 9.8% | ||
| Q1 24 | 3.5% | 10.9% |
现金转化率AXONRIG
| Q4 25 | 79.14× | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | 29.43× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
