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Axon Enterprise（AXON）与TEREX CORP（TEX）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是Axon Enterprise的1.7倍（$1.3B vs $796.7M）。TEREX CORP净利率更高（4.8% vs 0.3%，领先4.4%）。Axon Enterprise同比增速更快（38.9% vs 6.2%）。TEREX CORP自由现金流更多（$171.0M vs $155.4M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 1.0%）
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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
AXON vs TEX — 直观对比
营收规模更大
TEX
是对方的1.7倍
$796.7M
营收增速更快
AXON
高出32.7%
6.2%
净利率更高
TEX
高出4.4%
0.3%
自由现金流更多
TEX
多$15.6M
$155.4M
两年增速更快
AXON
近两年复合增速
1.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.3B |
| 净利润 | $2.7M | $63.0M |
| 毛利率 | 57.9% | 18.8% |
| 营业利润率 | -6.3% | 10.4% |
| 净利率 | 0.3% | 4.8% |
| 营收同比 | 38.9% | 6.2% |
| 净利润同比 | -98.0% | 2963.6% |
| 每股收益（稀释后） | $0.02 | $0.95 |
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AXONTEX
| Q4 25 | $796.7M | $1.3B | ||
| Q3 25 | $710.6M | $1.4B | ||
| Q2 25 | $668.5M | $1.5B | ||
| Q1 25 | $603.6M | $1.2B | ||
| Q4 24 | $573.4M | $1.2B | ||
| Q3 24 | $544.3M | $1.2B | ||
| Q2 24 | $504.1M | $1.4B | ||
| Q1 24 | $460.7M | $1.3B |
净利润AXONTEX
| Q4 25 | $2.7M | $63.0M | ||
| Q3 25 | $-2.2M | $65.0M | ||
| Q2 25 | $36.1M | $72.0M | ||
| Q1 25 | $88.0M | $21.0M | ||
| Q4 24 | $136.0M | $-2.2M | ||
| Q3 24 | $67.0M | $88.0M | ||
| Q2 24 | $40.8M | $140.7M | ||
| Q1 24 | $133.2M | $108.5M |
毛利率AXONTEX
| Q4 25 | 57.9% | 18.8% | ||
| Q3 25 | 60.1% | 20.3% | ||
| Q2 25 | 60.4% | 19.6% | ||
| Q1 25 | 60.6% | 18.7% | ||
| Q4 24 | 60.5% | 15.9% | ||
| Q3 24 | 60.8% | 20.2% | ||
| Q2 24 | 60.3% | 23.8% | ||
| Q1 24 | 56.4% | 23.0% |
营业利润率AXONTEX
| Q4 25 | -6.3% | 10.4% | ||
| Q3 25 | -0.3% | 10.1% | ||
| Q2 25 | -0.2% | 8.7% | ||
| Q1 25 | -1.5% | 5.6% | ||
| Q4 24 | -2.6% | 4.2% | ||
| Q3 24 | 4.4% | 10.1% | ||
| Q2 24 | 6.5% | 14.0% | ||
| Q1 24 | 3.5% | 12.2% |
净利率AXONTEX
| Q4 25 | 0.3% | 4.8% | ||
| Q3 25 | -0.3% | 4.7% | ||
| Q2 25 | 5.4% | 4.8% | ||
| Q1 25 | 14.6% | 1.7% | ||
| Q4 24 | 23.7% | -0.2% | ||
| Q3 24 | 12.3% | 7.3% | ||
| Q2 24 | 8.1% | 10.2% | ||
| Q1 24 | 28.9% | 8.4% |
每股收益（稀释后）AXONTEX
| Q4 25 | $0.02 | $0.95 | ||
| Q3 25 | $-0.03 | $0.98 | ||
| Q2 25 | $0.44 | $1.09 | ||
| Q1 25 | $1.08 | $0.31 | ||
| Q4 24 | $1.68 | $-0.03 | ||
| Q3 24 | $0.86 | $1.31 | ||
| Q2 24 | $0.53 | $2.08 | ||
| Q1 24 | $1.73 | $1.60 |
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 | $772.0M |
| 总债务越低越好 | $1.8B | $2.6B |
| 股东权益账面价值 | $3.2B | $2.1B |
| 总资产 | $7.0B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资AXONTEX
| Q4 25 | $1.7B | $772.0M | ||
| Q3 25 | $2.4B | $509.0M | ||
| Q2 25 | $2.1B | $374.0M | ||
| Q1 25 | $2.2B | $298.0M | ||
| Q4 24 | $788.1M | $388.0M | ||
| Q3 24 | $1.0B | $352.0M | ||
| Q2 24 | $968.9M | $319.3M | ||
| Q1 24 | $964.1M | $364.9M |
总债务AXONTEX
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONTEX
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.1B | $2.0B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $1.8B | $1.7B |
总资产AXONTEX
| Q4 25 | $7.0B | $6.1B | ||
| Q3 25 | $6.7B | $6.2B | ||
| Q2 25 | $6.2B | $6.2B | ||
| Q1 25 | $6.1B | $5.8B | ||
| Q4 24 | $4.5B | $5.7B | ||
| Q3 24 | $4.0B | $3.8B | ||
| Q2 24 | $3.7B | $3.8B | ||
| Q1 24 | $3.6B | $3.8B |
负债/权益比AXONTEX
| Q4 25 | 0.56× | 1.23× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 1.41× | ||
| 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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $171.0M |
| 自由现金流率自由现金流/营收 | 19.5% | 13.0% |
| 资本支出强度资本支出/营收 | 7.8% | 2.6% |
| 现金转化率经营现金流/净利润 | 79.14× | 3.25× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $322.0M |
8季度趋势，按日历期对齐
经营现金流AXONTEX
| Q4 25 | $217.2M | $205.0M | ||
| Q3 25 | $60.0M | $154.0M | ||
| Q2 25 | $-91.7M | $102.0M | ||
| Q1 25 | $25.8M | $-21.0M | ||
| Q4 24 | $250.2M | $177.0M | ||
| Q3 24 | $91.3M | $116.4M | ||
| Q2 24 | $82.8M | $66.5M | ||
| Q1 24 | $-15.9M | $-33.9M |
自由现金流AXONTEX
| Q4 25 | $155.4M | $171.0M | ||
| Q3 25 | $33.4M | $130.0M | ||
| Q2 25 | $-114.7M | $78.0M | ||
| Q1 25 | $932.0K | $-57.0M | ||
| Q4 24 | $225.4M | $128.0M | ||
| Q3 24 | $64.8M | $87.4M | ||
| Q2 24 | $71.4M | $42.5M | ||
| Q1 24 | $-32.1M | $-68.9M |
自由现金流率AXONTEX
| Q4 25 | 19.5% | 13.0% | ||
| Q3 25 | 4.7% | 9.4% | ||
| Q2 25 | -17.2% | 5.2% | ||
| Q1 25 | 0.2% | -4.6% | ||
| Q4 24 | 39.3% | 10.3% | ||
| Q3 24 | 11.9% | 7.2% | ||
| Q2 24 | 14.2% | 3.1% | ||
| Q1 24 | -7.0% | -5.3% |
资本支出强度AXONTEX
| Q4 25 | 7.8% | 2.6% | ||
| Q3 25 | 3.7% | 1.7% | ||
| Q2 25 | 3.4% | 1.6% | ||
| Q1 25 | 4.1% | 2.9% | ||
| Q4 24 | 4.3% | 3.9% | ||
| Q3 24 | 4.9% | 2.4% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 3.5% | 2.7% |
现金转化率AXONTEX
| Q4 25 | 79.14× | 3.25× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | -2.54× | 1.42× | ||
| Q1 25 | 0.29× | -1.00× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | 1.32× | ||
| Q2 24 | 2.03× | 0.47× | ||
| Q1 24 | -0.12× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
