vs
Axon Enterprise（AXON）与Sylvamo Corp（SLVM）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Sylvamo Corp的1.1倍（$796.7M vs $755.0M），Axon Enterprise净利率更高（0.3% vs -0.4%，领先0.7%），Axon Enterprise同比增速更快（38.9% vs -8.0%），Axon Enterprise自由现金流更多（$155.4M vs $-59.0M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs -10.0%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
AXON vs SLVM — 直观对比
营收规模更大
AXON
是对方的1.1倍
$755.0M
营收增速更快
AXON
高出47.0%
-8.0%
净利率更高
AXON
高出0.7%
-0.4%
自由现金流更多
AXON
多$214.4M
$-59.0M
两年增速更快
AXON
近两年复合增速
-10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $755.0M |
| 净利润 | $2.7M | $-3.0M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | — |
| 净利率 | 0.3% | -0.4% |
| 营收同比 | 38.9% | -8.0% |
| 净利润同比 | -98.0% | — |
| 每股收益（稀释后） | $0.02 | $-0.08 |
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AXONSLVM
| Q1 26 | — | $755.0M | ||
| Q4 25 | $796.7M | $890.0M | ||
| Q3 25 | $710.6M | $846.0M | ||
| Q2 25 | $668.5M | $794.0M | ||
| Q1 25 | $603.6M | $821.0M | ||
| Q4 24 | $573.4M | $970.0M | ||
| Q3 24 | $544.3M | $965.0M | ||
| Q2 24 | $504.1M | $933.0M |
净利润AXONSLVM
| Q1 26 | — | $-3.0M | ||
| Q4 25 | $2.7M | $33.0M | ||
| Q3 25 | $-2.2M | $57.0M | ||
| Q2 25 | $36.1M | $15.0M | ||
| Q1 25 | $88.0M | $27.0M | ||
| Q4 24 | $136.0M | $81.0M | ||
| Q3 24 | $67.0M | $95.0M | ||
| Q2 24 | $40.8M | $83.0M |
毛利率AXONSLVM
| Q1 26 | — | — | ||
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | — | ||
| Q2 24 | 60.3% | — |
营业利润率AXONSLVM
| Q1 26 | — | — | ||
| Q4 25 | -6.3% | 8.9% | ||
| Q3 25 | -0.3% | 11.6% | ||
| Q2 25 | -0.2% | 3.8% | ||
| Q1 25 | -1.5% | 5.4% | ||
| Q4 24 | -2.6% | 11.2% | ||
| Q3 24 | 4.4% | 15.5% | ||
| Q2 24 | 6.5% | 13.1% |
净利率AXONSLVM
| Q1 26 | — | -0.4% | ||
| Q4 25 | 0.3% | 3.7% | ||
| Q3 25 | -0.3% | 6.7% | ||
| Q2 25 | 5.4% | 1.9% | ||
| Q1 25 | 14.6% | 3.3% | ||
| Q4 24 | 23.7% | 8.4% | ||
| Q3 24 | 12.3% | 9.8% | ||
| Q2 24 | 8.1% | 8.9% |
每股收益（稀释后）AXONSLVM
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $0.02 | $0.81 | ||
| Q3 25 | $-0.03 | $1.41 | ||
| Q2 25 | $0.44 | $0.37 | ||
| Q1 25 | $1.08 | $0.65 | ||
| Q4 24 | $1.68 | $1.91 | ||
| Q3 24 | $0.86 | $2.27 | ||
| Q2 24 | $0.53 | $1.98 |
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 | $766.0M |
| 股东权益账面价值 | $3.2B | $979.0M |
| 总资产 | $7.0B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资AXONSLVM
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $198.0M | ||
| Q3 25 | $2.4B | $146.0M | ||
| Q2 25 | $2.1B | $183.0M | ||
| Q1 25 | $2.2B | $220.0M | ||
| Q4 24 | $788.1M | $309.0M | ||
| Q3 24 | $1.0B | $414.0M | ||
| Q2 24 | $968.9M | $213.0M |
总债务AXONSLVM
| Q1 26 | — | $766.0M | ||
| Q4 25 | $1.8B | $763.0M | ||
| Q3 25 | $2.0B | $778.0M | ||
| Q2 25 | $2.0B | $767.0M | ||
| Q1 25 | $2.0B | $794.0M | ||
| Q4 24 | $680.3M | $782.0M | ||
| Q3 24 | — | $883.0M | ||
| Q2 24 | — | $894.0M |
股东权益AXONSLVM
| Q1 26 | — | $979.0M | ||
| Q4 25 | $3.2B | $966.0M | ||
| Q3 25 | $3.0B | $977.0M | ||
| Q2 25 | $2.7B | $959.0M | ||
| Q1 25 | $2.6B | $908.0M | ||
| Q4 24 | $2.3B | $847.0M | ||
| Q3 24 | $2.1B | $937.0M | ||
| Q2 24 | $1.9B | $830.0M |
总资产AXONSLVM
| Q1 26 | — | $2.8B | ||
| Q4 25 | $7.0B | $2.8B | ||
| Q3 25 | $6.7B | $2.7B | ||
| Q2 25 | $6.2B | $2.7B | ||
| Q1 25 | $6.1B | $2.6B | ||
| Q4 24 | $4.5B | $2.6B | ||
| Q3 24 | $4.0B | $2.9B | ||
| Q2 24 | $3.7B | $2.7B |
负债/权益比AXONSLVM
| Q1 26 | — | 0.78× | ||
| Q4 25 | 0.56× | 0.79× | ||
| Q3 25 | 0.66× | 0.80× | ||
| Q2 25 | 0.73× | 0.80× | ||
| Q1 25 | 0.79× | 0.87× | ||
| Q4 24 | 0.29× | 0.92× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.08× |
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 | $-59.0M |
| 自由现金流率自由现金流/营收 | 19.5% | -7.8% |
| 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 | $10.0M |
8季度趋势，按日历期对齐
经营现金流AXONSLVM
| Q1 26 | — | — | ||
| Q4 25 | $217.2M | $94.0M | ||
| Q3 25 | $60.0M | $87.0M | ||
| Q2 25 | $-91.7M | $64.0M | ||
| Q1 25 | $25.8M | $23.0M | ||
| Q4 24 | $250.2M | $164.0M | ||
| Q3 24 | $91.3M | $163.0M | ||
| Q2 24 | $82.8M | $115.0M |
自由现金流AXONSLVM
| Q1 26 | — | $-59.0M | ||
| Q4 25 | $155.4M | $38.0M | ||
| Q3 25 | $33.4M | $33.0M | ||
| Q2 25 | $-114.7M | $-2.0M | ||
| Q1 25 | $932.0K | $-25.0M | ||
| Q4 24 | $225.4M | $100.0M | ||
| Q3 24 | $64.8M | $119.0M | ||
| Q2 24 | $71.4M | $62.0M |
自由现金流率AXONSLVM
| Q1 26 | — | -7.8% | ||
| Q4 25 | 19.5% | 4.3% | ||
| Q3 25 | 4.7% | 3.9% | ||
| Q2 25 | -17.2% | -0.3% | ||
| Q1 25 | 0.2% | -3.0% | ||
| Q4 24 | 39.3% | 10.3% | ||
| Q3 24 | 11.9% | 12.3% | ||
| Q2 24 | 14.2% | 6.6% |
资本支出强度AXONSLVM
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 6.3% | ||
| Q3 25 | 3.7% | 6.4% | ||
| Q2 25 | 3.4% | 8.3% | ||
| Q1 25 | 4.1% | 5.8% | ||
| Q4 24 | 4.3% | 6.6% | ||
| Q3 24 | 4.9% | 4.6% | ||
| Q2 24 | 2.2% | 5.7% |
现金转化率AXONSLVM
| Q1 26 | — | — | ||
| Q4 25 | 79.14× | 2.85× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | -2.54× | 4.27× | ||
| Q1 25 | 0.29× | 0.85× | ||
| Q4 24 | 1.84× | 2.02× | ||
| Q3 24 | 1.36× | 1.72× | ||
| Q2 24 | 2.03× | 1.39× |
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% |
SLVM
| North America | $390.0M | 52% |
| Europe | $190.0M | 25% |
| Latin America | $187.0M | 25% |
