vs
Axon Enterprise（AXON）与RAYONIER ADVANCED MATERIALS INC.（RYAM）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RAYONIER ADVANCED MATERIALS INC.的1.9倍（$796.7M vs $417.5M），Axon Enterprise净利率更高（0.3% vs -5.0%，领先5.4%），Axon Enterprise同比增速更快（38.9% vs -1.2%），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 3.8%）
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。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
AXON vs RYAM — 直观对比
营收规模更大
AXON
是对方的1.9倍
$417.5M
营收增速更快
AXON
高出40.1%
-1.2%
净利率更高
AXON
高出5.4%
-5.0%
两年增速更快
AXON
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $417.5M |
| 净利润 | $2.7M | $-21.1M |
| 毛利率 | 57.9% | 8.9% |
| 营业利润率 | -6.3% | 2.6% |
| 净利率 | 0.3% | -5.0% |
| 营收同比 | 38.9% | -1.2% |
| 净利润同比 | -98.0% | -31.9% |
| 每股收益（稀释后） | $0.02 | $-0.33 |
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AXONRYAM
| Q4 25 | $796.7M | $417.5M | ||
| Q3 25 | $710.6M | $352.8M | ||
| Q2 25 | $668.5M | $340.0M | ||
| Q1 25 | $603.6M | $356.0M | ||
| Q4 24 | $573.4M | $422.5M | ||
| Q3 24 | $544.3M | $401.1M | ||
| Q2 24 | $504.1M | $419.0M | ||
| Q1 24 | $460.7M | $387.7M |
净利润AXONRYAM
| Q4 25 | $2.7M | $-21.1M | ||
| Q3 25 | $-2.2M | $-4.5M | ||
| Q2 25 | $36.1M | $-363.2M | ||
| Q1 25 | $88.0M | $-32.0M | ||
| Q4 24 | $136.0M | $-16.0M | ||
| Q3 24 | $67.0M | $-32.6M | ||
| Q2 24 | $40.8M | $11.4M | ||
| Q1 24 | $133.2M | $-1.6M |
毛利率AXONRYAM
| Q4 25 | 57.9% | 8.9% | ||
| Q3 25 | 60.1% | 9.7% | ||
| Q2 25 | 60.4% | 7.0% | ||
| Q1 25 | 60.6% | 6.8% | ||
| Q4 24 | 60.5% | 8.7% | ||
| Q3 24 | 60.8% | 10.9% | ||
| Q2 24 | 60.3% | 11.5% | ||
| Q1 24 | 56.4% | 9.5% |
营业利润率AXONRYAM
| Q4 25 | -6.3% | 2.6% | ||
| Q3 25 | -0.3% | 2.8% | ||
| Q2 25 | -0.2% | -0.4% | ||
| Q1 25 | -1.5% | -4.2% | ||
| Q4 24 | -2.6% | 2.6% | ||
| Q3 24 | 4.4% | -4.2% | ||
| Q2 24 | 6.5% | 6.7% | ||
| Q1 24 | 3.5% | 4.4% |
净利率AXONRYAM
| Q4 25 | 0.3% | -5.0% | ||
| Q3 25 | -0.3% | -1.3% | ||
| Q2 25 | 5.4% | -106.8% | ||
| Q1 25 | 14.6% | -9.0% | ||
| Q4 24 | 23.7% | -3.8% | ||
| Q3 24 | 12.3% | -8.1% | ||
| Q2 24 | 8.1% | 2.7% | ||
| Q1 24 | 28.9% | -0.4% |
每股收益（稀释后）AXONRYAM
| Q4 25 | $0.02 | $-0.33 | ||
| Q3 25 | $-0.03 | $-0.07 | ||
| Q2 25 | $0.44 | $-5.44 | ||
| Q1 25 | $1.08 | $-0.49 | ||
| Q4 24 | $1.68 | $-0.25 | ||
| Q3 24 | $0.86 | $-0.49 | ||
| Q2 24 | $0.53 | $0.17 | ||
| Q1 24 | $1.73 | $-0.02 |
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 | $75.4M |
| 总债务越低越好 | $1.8B | $758.1M |
| 股东权益账面价值 | $3.2B | $316.6M |
| 总资产 | $7.0B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.56× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资AXONRYAM
| Q4 25 | $1.7B | $75.4M | ||
| Q3 25 | $2.4B | $77.0M | ||
| Q2 25 | $2.1B | $70.7M | ||
| Q1 25 | $2.2B | $129.9M | ||
| Q4 24 | $788.1M | $125.2M | ||
| Q3 24 | $1.0B | $136.1M | ||
| Q2 24 | $968.9M | $114.1M | ||
| Q1 24 | $964.1M | $54.6M |
总债务AXONRYAM
| Q4 25 | $1.8B | $758.1M | ||
| Q3 25 | $2.0B | $763.5M | ||
| Q2 25 | $2.0B | $720.4M | ||
| Q1 25 | $2.0B | $707.0M | ||
| Q4 24 | $680.3M | $706.4M | ||
| Q3 24 | — | $747.7M | ||
| Q2 24 | — | $752.8M | ||
| Q1 24 | — | $755.6M |
股东权益AXONRYAM
| Q4 25 | $3.2B | $316.6M | ||
| Q3 25 | $3.0B | $338.2M | ||
| Q2 25 | $2.7B | $342.3M | ||
| Q1 25 | $2.6B | $688.1M | ||
| Q4 24 | $2.3B | $713.9M | ||
| Q3 24 | $2.1B | $732.7M | ||
| Q2 24 | $1.9B | $755.1M | ||
| Q1 24 | $1.8B | $741.8M |
总资产AXONRYAM
| Q4 25 | $7.0B | $1.8B | ||
| Q3 25 | $6.7B | $1.8B | ||
| Q2 25 | $6.2B | $1.8B | ||
| Q1 25 | $6.1B | $2.1B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $3.7B | $2.2B | ||
| Q1 24 | $3.6B | $2.1B |
负债/权益比AXONRYAM
| Q4 25 | 0.56× | 2.39× | ||
| Q3 25 | 0.66× | 2.26× | ||
| Q2 25 | 0.73× | 2.10× | ||
| Q1 25 | 0.79× | 1.03× | ||
| Q4 24 | 0.29× | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.02× |
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 | $32.3M |
| 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AXONRYAM
| Q4 25 | $217.2M | $32.3M | ||
| Q3 25 | $60.0M | $-17.8M | ||
| Q2 25 | $-91.7M | $-30.2M | ||
| Q1 25 | $25.8M | $39.6M | ||
| Q4 24 | $250.2M | $54.9M | ||
| Q3 24 | $91.3M | $49.8M | ||
| Q2 24 | $82.8M | $87.6M | ||
| Q1 24 | $-15.9M | $11.3M |
自由现金流AXONRYAM
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | — | ||
| Q2 24 | $71.4M | — | ||
| Q1 24 | $-32.1M | — |
自由现金流率AXONRYAM
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | — |
资本支出强度AXONRYAM
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | — |
现金转化率AXONRYAM
| 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× | 7.69× | ||
| 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% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
