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Axon Enterprise（AXON）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是Axon Enterprise的1.3倍（$1.0B vs $796.7M），思佳讯净利率更高（7.6% vs 0.3%，领先7.3%），Axon Enterprise同比增速更快（38.9% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $155.4M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
AXON vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.3倍
$796.7M
营收增速更快
AXON
高出30.3%
8.6%
净利率更高
SWKS
高出7.3%
0.3%
自由现金流更多
SWKS
多$183.6M
$155.4M
两年增速更快
AXON
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.0B |
| 净利润 | $2.7M | $79.2M |
| 毛利率 | 57.9% | 41.3% |
| 营业利润率 | -6.3% | 10.0% |
| 净利率 | 0.3% | 7.6% |
| 营收同比 | 38.9% | 8.6% |
| 净利润同比 | -98.0% | 15.3% |
| 每股收益（稀释后） | $0.02 | $0.53 |
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AXONSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $796.7M | $1.1B | ||
| Q3 25 | $710.6M | — | ||
| Q2 25 | $668.5M | $965.0M | ||
| Q1 25 | $603.6M | $953.2M | ||
| Q4 24 | $573.4M | $1.1B | ||
| Q3 24 | $544.3M | $1.0B | ||
| Q2 24 | $504.1M | $905.5M |
净利润AXONSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $2.7M | $141.4M | ||
| Q3 25 | $-2.2M | — | ||
| Q2 25 | $36.1M | $105.0M | ||
| Q1 25 | $88.0M | $68.7M | ||
| Q4 24 | $136.0M | $162.0M | ||
| Q3 24 | $67.0M | $60.5M | ||
| Q2 24 | $40.8M | $120.9M |
毛利率AXONSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 57.9% | 40.7% | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | 41.6% | ||
| Q1 25 | 60.6% | 41.1% | ||
| Q4 24 | 60.5% | 41.4% | ||
| Q3 24 | 60.8% | 41.9% | ||
| Q2 24 | 60.3% | 40.2% |
营业利润率AXONSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | -6.3% | 10.1% | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | -0.2% | 11.5% | ||
| Q1 25 | -1.5% | 10.2% | ||
| Q4 24 | -2.6% | 16.9% | ||
| Q3 24 | 4.4% | 5.8% | ||
| Q2 24 | 6.5% | 14.4% |
净利率AXONSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.3% | 12.9% | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | 5.4% | 10.9% | ||
| Q1 25 | 14.6% | 7.2% | ||
| Q4 24 | 23.7% | 15.2% | ||
| Q3 24 | 12.3% | 5.9% | ||
| Q2 24 | 8.1% | 13.4% |
每股收益（稀释后）AXONSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.02 | $0.95 | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $0.44 | $0.70 | ||
| Q1 25 | $1.08 | $0.43 | ||
| Q4 24 | $1.68 | $1.00 | ||
| Q3 24 | $0.86 | $0.36 | ||
| Q2 24 | $0.53 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $1.8B | $496.6M |
| 股东权益账面价值 | $3.2B | $5.8B |
| 总资产 | $7.0B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资AXONSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $788.1M | $1.7B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $968.9M | $1.3B |
总债务AXONSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $1.8B | $496.4M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | $496.2M | ||
| Q1 25 | $2.0B | $995.1M | ||
| Q4 24 | $680.3M | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益AXONSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $3.2B | $5.8B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.7B | $5.7B | ||
| Q1 25 | $2.6B | $5.9B | ||
| Q4 24 | $2.3B | $6.4B | ||
| Q3 24 | $2.1B | $6.3B | ||
| Q2 24 | $1.9B | $6.3B |
总资产AXONSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $7.0B | $7.9B | ||
| Q3 25 | $6.7B | — | ||
| Q2 25 | $6.2B | $7.7B | ||
| Q1 25 | $6.1B | $7.9B | ||
| Q4 24 | $4.5B | $8.3B | ||
| Q3 24 | $4.0B | $8.3B | ||
| Q2 24 | $3.7B | $8.2B |
负债/权益比AXONSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.56× | 0.09× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | 0.09× | ||
| Q1 25 | 0.79× | 0.17× | ||
| Q4 24 | 0.29× | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $339.0M |
| 自由现金流率自由现金流/营收 | 19.5% | 32.7% |
| 资本支出强度资本支出/营收 | 7.8% | 5.5% |
| 现金转化率经营现金流/净利润 | 79.14× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $1.1B |
8季度趋势，按日历期对齐
经营现金流AXONSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $217.2M | $200.0M | ||
| Q3 25 | $60.0M | — | ||
| Q2 25 | $-91.7M | $314.2M | ||
| Q1 25 | $25.8M | $409.4M | ||
| Q4 24 | $250.2M | $377.2M | ||
| Q3 24 | $91.3M | $476.1M | ||
| Q2 24 | $82.8M | $273.4M |
自由现金流AXONSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $155.4M | $144.0M | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | $252.7M | ||
| Q1 25 | $932.0K | $370.9M | ||
| Q4 24 | $225.4M | $338.2M | ||
| Q3 24 | $64.8M | $393.3M | ||
| Q2 24 | $71.4M | $249.0M |
自由现金流率AXONSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 19.5% | 13.1% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | 26.2% | ||
| Q1 25 | 0.2% | 38.9% | ||
| Q4 24 | 39.3% | 31.7% | ||
| Q3 24 | 11.9% | 38.4% | ||
| Q2 24 | 14.2% | 27.5% |
资本支出强度AXONSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 7.8% | 5.1% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | 6.4% | ||
| Q1 25 | 4.1% | 4.0% | ||
| Q4 24 | 4.3% | 3.6% | ||
| Q3 24 | 4.9% | 8.1% | ||
| Q2 24 | 2.2% | 2.7% |
现金转化率AXONSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 79.14× | 1.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | 2.99× | ||
| Q1 25 | 0.29× | 5.96× | ||
| Q4 24 | 1.84× | 2.33× | ||
| Q3 24 | 1.36× | 7.87× | ||
| Q2 24 | 2.03× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
