vs
Axon Enterprise（AXON）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Axon Enterprise的1.8倍（$1.4B vs $796.7M），ROKU, INC净利率更高（5.8% vs 0.3%，领先5.4%），Axon Enterprise同比增速更快（38.9% vs 16.1%），Axon Enterprise自由现金流更多（$155.4M vs $106.6M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 25.8%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
AXON vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.8倍
$796.7M
营收增速更快
AXON
高出22.8%
16.1%
净利率更高
ROKU
高出5.4%
0.3%
自由现金流更多
AXON
多$48.9M
$106.6M
两年增速更快
AXON
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.4B |
| 净利润 | $2.7M | $80.5M |
| 毛利率 | 57.9% | 43.5% |
| 营业利润率 | -6.3% | 4.7% |
| 净利率 | 0.3% | 5.8% |
| 营收同比 | 38.9% | 16.1% |
| 净利润同比 | -98.0% | 326.4% |
| 每股收益（稀释后） | $0.02 | $0.55 |
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AXONROKU
| Q4 25 | $796.7M | $1.4B | ||
| Q3 25 | $710.6M | $1.2B | ||
| Q2 25 | $668.5M | $1.1B | ||
| Q1 25 | $603.6M | $1.0B | ||
| Q4 24 | $573.4M | $1.2B | ||
| Q3 24 | $544.3M | $1.1B | ||
| Q2 24 | $504.1M | $968.2M | ||
| Q1 24 | $460.7M | $881.5M |
净利润AXONROKU
| Q4 25 | $2.7M | $80.5M | ||
| Q3 25 | $-2.2M | $24.8M | ||
| Q2 25 | $36.1M | $10.5M | ||
| Q1 25 | $88.0M | $-27.4M | ||
| Q4 24 | $136.0M | $-35.5M | ||
| Q3 24 | $67.0M | $-9.0M | ||
| Q2 24 | $40.8M | $-34.0M | ||
| Q1 24 | $133.2M | $-50.9M |
毛利率AXONROKU
| Q4 25 | 57.9% | 43.5% | ||
| Q3 25 | 60.1% | 43.4% | ||
| Q2 25 | 60.4% | 44.8% | ||
| Q1 25 | 60.6% | 43.6% | ||
| Q4 24 | 60.5% | 42.7% | ||
| Q3 24 | 60.8% | 45.2% | ||
| Q2 24 | 60.3% | 43.9% | ||
| Q1 24 | 56.4% | 44.1% |
营业利润率AXONROKU
| Q4 25 | -6.3% | 4.7% | ||
| Q3 25 | -0.3% | 0.8% | ||
| Q2 25 | -0.2% | -2.1% | ||
| Q1 25 | -1.5% | -5.7% | ||
| Q4 24 | -2.6% | -3.3% | ||
| Q3 24 | 4.4% | -3.4% | ||
| Q2 24 | 6.5% | -7.4% | ||
| Q1 24 | 3.5% | -8.2% |
净利率AXONROKU
| Q4 25 | 0.3% | 5.8% | ||
| Q3 25 | -0.3% | 2.0% | ||
| Q2 25 | 5.4% | 0.9% | ||
| Q1 25 | 14.6% | -2.7% | ||
| Q4 24 | 23.7% | -3.0% | ||
| Q3 24 | 12.3% | -0.9% | ||
| Q2 24 | 8.1% | -3.5% | ||
| Q1 24 | 28.9% | -5.8% |
每股收益（稀释后）AXONROKU
| Q4 25 | $0.02 | $0.55 | ||
| Q3 25 | $-0.03 | $0.16 | ||
| Q2 25 | $0.44 | $0.07 | ||
| Q1 25 | $1.08 | $-0.19 | ||
| Q4 24 | $1.68 | $-0.24 | ||
| Q3 24 | $0.86 | $-0.06 | ||
| Q2 24 | $0.53 | $-0.24 | ||
| Q1 24 | $1.73 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $2.7B |
| 总资产 | $7.0B | $4.4B |
| 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AXONROKU
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $2.4B | $2.3B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | $788.1M | $2.2B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $968.9M | $2.1B | ||
| Q1 24 | $964.1M | $2.1B |
总债务AXONROKU
| 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AXONROKU
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $2.7B | $2.6B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.3B | $2.5B | ||
| Q3 24 | $2.1B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.8B | $2.4B |
总资产AXONROKU
| Q4 25 | $7.0B | $4.4B | ||
| Q3 25 | $6.7B | $4.4B | ||
| Q2 25 | $6.2B | $4.3B | ||
| Q1 25 | $6.1B | $4.2B | ||
| Q4 24 | $4.5B | $4.3B | ||
| Q3 24 | $4.0B | $4.3B | ||
| Q2 24 | $3.7B | $4.1B | ||
| Q1 24 | $3.6B | $4.2B |
负债/权益比AXONROKU
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $106.6M |
| 自由现金流率自由现金流/营收 | 19.5% | 7.6% |
| 资本支出强度资本支出/营收 | 7.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 79.14× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $478.4M |
8季度趋势，按日历期对齐
经营现金流AXONROKU
| Q4 25 | $217.2M | $107.7M | ||
| Q3 25 | $60.0M | $127.6M | ||
| Q2 25 | $-91.7M | $109.7M | ||
| Q1 25 | $25.8M | $138.7M | ||
| Q4 24 | $250.2M | $79.3M | ||
| Q3 24 | $91.3M | $68.7M | ||
| Q2 24 | $82.8M | $23.4M | ||
| Q1 24 | $-15.9M | $46.7M |
自由现金流AXONROKU
| Q4 25 | $155.4M | $106.6M | ||
| Q3 25 | $33.4M | $126.5M | ||
| Q2 25 | $-114.7M | $108.6M | ||
| Q1 25 | $932.0K | $136.8M | ||
| Q4 24 | $225.4M | $76.8M | ||
| Q3 24 | $64.8M | $67.6M | ||
| Q2 24 | $71.4M | $22.5M | ||
| Q1 24 | $-32.1M | $46.0M |
自由现金流率AXONROKU
| Q4 25 | 19.5% | 7.6% | ||
| Q3 25 | 4.7% | 10.4% | ||
| Q2 25 | -17.2% | 9.8% | ||
| Q1 25 | 0.2% | 13.4% | ||
| Q4 24 | 39.3% | 6.4% | ||
| Q3 24 | 11.9% | 6.4% | ||
| Q2 24 | 14.2% | 2.3% | ||
| Q1 24 | -7.0% | 5.2% |
资本支出强度AXONROKU
| Q4 25 | 7.8% | 0.1% | ||
| Q3 25 | 3.7% | 0.1% | ||
| Q2 25 | 3.4% | 0.1% | ||
| Q1 25 | 4.1% | 0.2% | ||
| Q4 24 | 4.3% | 0.2% | ||
| Q3 24 | 4.9% | 0.1% | ||
| Q2 24 | 2.2% | 0.1% | ||
| Q1 24 | 3.5% | 0.1% |
现金转化率AXONROKU
| Q4 25 | 79.14× | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | -2.54× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
