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Axon Enterprise（AXON）与StandardAero, Inc.（SARO）财务数据对比。点击上方公司名可切换其他公司
StandardAero, Inc.的季度营收约是Axon Enterprise的2.0倍（$1.6B vs $796.7M）。StandardAero, Inc.净利率更高（4.9% vs 0.3%，领先4.6%）。Axon Enterprise同比增速更快（38.9% vs 13.5%）。StandardAero, Inc.自由现金流更多（$307.3M vs $155.4M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 13.8%）
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。
StandardAero Inc.是总部位于美国亚利桑那州斯科茨代尔的专业维护、维修及大修（MRO）服务提供商，深耕相关领域多年，服务覆盖航空等多个行业，可为客户提供高效可靠的定制化运维解决方案。
AXON vs SARO — 直观对比
营收规模更大
SARO
是对方的2.0倍
$796.7M
营收增速更快
AXON
高出25.4%
13.5%
净利率更高
SARO
高出4.6%
0.3%
自由现金流更多
SARO
多$151.9M
$155.4M
两年增速更快
AXON
近两年复合增速
13.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.6B |
| 净利润 | $2.7M | $78.6M |
| 毛利率 | 57.9% | 13.8% |
| 营业利润率 | -6.3% | 9.3% |
| 净利率 | 0.3% | 4.9% |
| 营收同比 | 38.9% | 13.5% |
| 净利润同比 | -98.0% | 659.6% |
| 每股收益（稀释后） | $0.02 | $0.24 |
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AXONSARO
| Q4 25 | $796.7M | $1.6B | ||
| Q3 25 | $710.6M | $1.5B | ||
| Q2 25 | $668.5M | $1.5B | ||
| Q1 25 | $603.6M | $1.4B | ||
| Q4 24 | $573.4M | $1.4B | ||
| Q3 24 | $544.3M | $1.2B | ||
| Q2 24 | $504.1M | $1.3B | ||
| Q1 24 | $460.7M | $1.2B |
净利润AXONSARO
| Q4 25 | $2.7M | $78.6M | ||
| Q3 25 | $-2.2M | $68.1M | ||
| Q2 25 | $36.1M | $67.7M | ||
| Q1 25 | $88.0M | $62.9M | ||
| Q4 24 | $136.0M | $-14.1M | ||
| Q3 24 | $67.0M | $16.4M | ||
| Q2 24 | $40.8M | $5.4M | ||
| Q1 24 | $133.2M | $3.2M |
毛利率AXONSARO
| Q4 25 | 57.9% | 13.8% | ||
| Q3 25 | 60.1% | 14.9% | ||
| Q2 25 | 60.4% | 15.4% | ||
| Q1 25 | 60.6% | 15.2% | ||
| Q4 24 | 60.5% | 14.3% | ||
| Q3 24 | 60.8% | 15.0% | ||
| Q2 24 | 60.3% | 13.7% | ||
| Q1 24 | 56.4% | 14.7% |
营业利润率AXONSARO
| Q4 25 | -6.3% | 9.3% | ||
| Q3 25 | -0.3% | 9.2% | ||
| Q2 25 | -0.2% | 8.9% | ||
| Q1 25 | -1.5% | 9.0% | ||
| Q4 24 | -2.6% | 6.7% | ||
| Q3 24 | 4.4% | 7.9% | ||
| Q2 24 | 6.5% | 7.8% | ||
| Q1 24 | 3.5% | 8.5% |
净利率AXONSARO
| Q4 25 | 0.3% | 4.9% | ||
| Q3 25 | -0.3% | 4.5% | ||
| Q2 25 | 5.4% | 4.4% | ||
| Q1 25 | 14.6% | 4.4% | ||
| Q4 24 | 23.7% | -1.0% | ||
| Q3 24 | 12.3% | 1.3% | ||
| Q2 24 | 8.1% | 0.4% | ||
| Q1 24 | 28.9% | 0.3% |
每股收益（稀释后）AXONSARO
| Q4 25 | $0.02 | $0.24 | ||
| Q3 25 | $-0.03 | $0.20 | ||
| Q2 25 | $0.44 | $0.20 | ||
| Q1 25 | $1.08 | $0.19 | ||
| Q4 24 | $1.68 | $-0.05 | ||
| Q3 24 | $0.86 | $0.06 | ||
| Q2 24 | $0.53 | $0.02 | ||
| Q1 24 | $1.73 | $0.01 |
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 | $2.2B |
| 股东权益账面价值 | $3.2B | $2.7B |
| 总资产 | $7.0B | $6.6B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资AXONSARO
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $788.1M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $968.9M | — | ||
| Q1 24 | $964.1M | — |
总债务AXONSARO
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $680.3M | $2.2B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONSARO
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
总资产AXONSARO
| Q4 25 | $7.0B | $6.6B | ||
| Q3 25 | $6.7B | $6.6B | ||
| Q2 25 | $6.2B | $6.5B | ||
| Q1 25 | $6.1B | $6.5B | ||
| Q4 24 | $4.5B | $6.2B | ||
| Q3 24 | $4.0B | $6.1B | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.6B | — |
负债/权益比AXONSARO
| Q4 25 | 0.56× | 0.83× | ||
| Q3 25 | 0.66× | 0.90× | ||
| Q2 25 | 0.73× | 0.92× | ||
| Q1 25 | 0.79× | 0.96× | ||
| Q4 24 | 0.29× | 0.94× | ||
| Q3 24 | — | 2.94× | ||
| 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 | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $307.3M |
| 自由现金流率自由现金流/营收 | 19.5% | 19.2% |
| 资本支出强度资本支出/营收 | 7.8% | 1.0% |
| 现金转化率经营现金流/净利润 | 79.14× | 4.11× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $234.3M |
8季度趋势，按日历期对齐
经营现金流AXONSARO
| Q4 25 | $217.2M | $323.0M | ||
| Q3 25 | $60.0M | $14.8M | ||
| Q2 25 | $-91.7M | $2.9M | ||
| Q1 25 | $25.8M | $-24.0M | ||
| Q4 24 | $250.2M | — | ||
| Q3 24 | $91.3M | $-13.9M | ||
| Q2 24 | $82.8M | — | ||
| Q1 24 | $-15.9M | $-83.6M |
自由现金流AXONSARO
| Q4 25 | $155.4M | $307.3M | ||
| Q3 25 | $33.4M | $-4.7M | ||
| Q2 25 | $-114.7M | $-19.0M | ||
| Q1 25 | $932.0K | $-49.3M | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | $-39.2M | ||
| Q2 24 | $71.4M | — | ||
| Q1 24 | $-32.1M | $-102.0M |
自由现金流率AXONSARO
| Q4 25 | 19.5% | 19.2% | ||
| Q3 25 | 4.7% | -0.3% | ||
| Q2 25 | -17.2% | -1.2% | ||
| Q1 25 | 0.2% | -3.4% | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | -3.1% | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | -8.3% |
资本支出强度AXONSARO
| Q4 25 | 7.8% | 1.0% | ||
| Q3 25 | 3.7% | 1.3% | ||
| Q2 25 | 3.4% | 1.4% | ||
| Q1 25 | 4.1% | 1.8% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | 2.0% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | 1.5% |
现金转化率AXONSARO
| Q4 25 | 79.14× | 4.11× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | -2.54× | 0.04× | ||
| Q1 25 | 0.29× | -0.38× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | -0.84× | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | -26.22× |
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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
