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Axon Enterprise（AXON）与TECOGEN INC.（TGEN）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TECOGEN INC.的149.8倍（$796.7M vs $5.3M）。Axon Enterprise净利率更高（0.3% vs -75.1%，领先75.4%）。Axon Enterprise同比增速更快（38.9% vs -12.5%）。Axon Enterprise自由现金流更多（$155.4M vs $-2.6M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs -7.3%）
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。
AXON vs TGEN — 直观对比
营收规模更大
AXON
是对方的149.8倍
$5.3M
营收增速更快
AXON
高出51.4%
-12.5%
净利率更高
AXON
高出75.4%
-75.1%
自由现金流更多
AXON
多$158.0M
$-2.6M
两年增速更快
AXON
近两年复合增速
-7.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $5.3M |
| 净利润 | $2.7M | $-4.0M |
| 毛利率 | 57.9% | 36.8% |
| 营业利润率 | -6.3% | -77.8% |
| 净利率 | 0.3% | -75.1% |
| 营收同比 | 38.9% | -12.5% |
| 净利润同比 | -98.0% | -236.7% |
| 每股收益（稀释后） | $0.02 | $-0.14 |
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AXONTGEN
| Q4 25 | $796.7M | $5.3M | ||
| Q3 25 | $710.6M | $7.2M | ||
| Q2 25 | $668.5M | $7.3M | ||
| Q1 25 | $603.6M | $7.3M | ||
| Q4 24 | $573.4M | $6.1M | ||
| Q3 24 | $544.3M | $5.6M | ||
| Q2 24 | $504.1M | $4.7M | ||
| Q1 24 | $460.7M | $6.2M |
净利润AXONTGEN
| Q4 25 | $2.7M | $-4.0M | ||
| Q3 25 | $-2.2M | $-2.1M | ||
| Q2 25 | $36.1M | $-1.5M | ||
| Q1 25 | $88.0M | $-659.9K | ||
| Q4 24 | $136.0M | $-1.2M | ||
| Q3 24 | $67.0M | $-930.4K | ||
| Q2 24 | $40.8M | $-1.5M | ||
| Q1 24 | $133.2M | $-1.1M |
毛利率AXONTGEN
| Q4 25 | 57.9% | 36.8% | ||
| Q3 25 | 60.1% | 30.4% | ||
| Q2 25 | 60.4% | 33.8% | ||
| Q1 25 | 60.6% | 44.3% | ||
| Q4 24 | 60.5% | 45.0% | ||
| Q3 24 | 60.8% | 44.1% | ||
| Q2 24 | 60.3% | 44.0% | ||
| Q1 24 | 56.4% | 41.6% |
营业利润率AXONTGEN
| Q4 25 | -6.3% | -77.8% | ||
| Q3 25 | -0.3% | -29.2% | ||
| Q2 25 | -0.2% | -19.4% | ||
| Q1 25 | -1.5% | -8.2% | ||
| Q4 24 | -2.6% | -18.7% | ||
| Q3 24 | 4.4% | -15.5% | ||
| Q2 24 | 6.5% | -31.2% | ||
| Q1 24 | 3.5% | -17.0% |
净利率AXONTGEN
| Q4 25 | 0.3% | -75.1% | ||
| Q3 25 | -0.3% | -29.7% | ||
| Q2 25 | 5.4% | -20.1% | ||
| Q1 25 | 14.6% | -9.1% | ||
| Q4 24 | 23.7% | -19.5% | ||
| Q3 24 | 12.3% | -16.5% | ||
| Q2 24 | 8.1% | -32.5% | ||
| Q1 24 | 28.9% | -17.9% |
每股收益（稀释后）AXONTGEN
| Q4 25 | $0.02 | $-0.14 | ||
| Q3 25 | $-0.03 | $-0.07 | ||
| Q2 25 | $0.44 | $-0.06 | ||
| Q1 25 | $1.08 | $-0.03 | ||
| Q4 24 | $1.68 | $-0.05 | ||
| Q3 24 | $0.86 | $-0.04 | ||
| Q2 24 | $0.53 | $-0.06 | ||
| Q1 24 | $1.73 | $-0.04 |
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 | $12.4M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $21.6M |
| 总资产 | $7.0B | $37.0M |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资AXONTGEN
| Q4 25 | $1.7B | $12.4M | ||
| Q3 25 | $2.4B | $15.3M | ||
| Q2 25 | $2.1B | $1.6M | ||
| Q1 25 | $2.2B | $4.1M | ||
| Q4 24 | $788.1M | $5.4M | ||
| Q3 24 | $1.0B | $1.3M | ||
| Q2 24 | $968.9M | $841.9K | ||
| Q1 24 | $964.1M | $1.5M |
总债务AXONTGEN
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONTGEN
| Q4 25 | $3.2B | $21.6M | ||
| Q3 25 | $3.0B | $25.5M | ||
| Q2 25 | $2.7B | $9.1M | ||
| Q1 25 | $2.6B | $9.6M | ||
| Q4 24 | $2.3B | $10.2M | ||
| Q3 24 | $2.1B | $11.3M | ||
| Q2 24 | $1.9B | $12.2M | ||
| Q1 24 | $1.8B | $13.7M |
总资产AXONTGEN
| Q4 25 | $7.0B | $37.0M | ||
| Q3 25 | $6.7B | $41.5M | ||
| Q2 25 | $6.2B | $28.4M | ||
| Q1 25 | $6.1B | $29.7M | ||
| Q4 24 | $4.5B | $31.1M | ||
| Q3 24 | $4.0B | $27.5M | ||
| Q2 24 | $3.7B | $27.2M | ||
| Q1 24 | $3.6B | $28.5M |
负债/权益比AXONTGEN
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | — | ||
| 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 | $-2.6M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $-2.6M |
| 自由现金流率自由现金流/营收 | 19.5% | -49.3% |
| 资本支出强度资本支出/营收 | 7.8% | 0.9% |
| 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 | $-10.3M |
8季度趋势，按日历期对齐
经营现金流AXONTGEN
| Q4 25 | $217.2M | $-2.6M | ||
| Q3 25 | $60.0M | $-3.6M | ||
| Q2 25 | $-91.7M | $-2.6M | ||
| Q1 25 | $25.8M | $-1.2M | ||
| Q4 24 | $250.2M | $4.2M | ||
| Q3 24 | $91.3M | $-207.3K | ||
| Q2 24 | $82.8M | $-157.9K | ||
| Q1 24 | $-15.9M | $248.2K |
自由现金流AXONTGEN
| Q4 25 | $155.4M | $-2.6M | ||
| Q3 25 | $33.4M | $-3.6M | ||
| Q2 25 | $-114.7M | $-2.7M | ||
| Q1 25 | $932.0K | $-1.3M | ||
| Q4 24 | $225.4M | $4.0M | ||
| Q3 24 | $64.8M | $-489.6K | ||
| Q2 24 | $71.4M | $-609.6K | ||
| Q1 24 | $-32.1M | $143.3K |
自由现金流率AXONTGEN
| Q4 25 | 19.5% | -49.3% | ||
| Q3 25 | 4.7% | -50.6% | ||
| Q2 25 | -17.2% | -37.7% | ||
| Q1 25 | 0.2% | -17.9% | ||
| Q4 24 | 39.3% | 66.6% | ||
| Q3 24 | 11.9% | -8.7% | ||
| Q2 24 | 14.2% | -12.9% | ||
| Q1 24 | -7.0% | 2.3% |
资本支出强度AXONTGEN
| Q4 25 | 7.8% | 0.9% | ||
| Q3 25 | 3.7% | 1.0% | ||
| Q2 25 | 3.4% | 2.0% | ||
| Q1 25 | 4.1% | 1.8% | ||
| Q4 24 | 4.3% | 2.1% | ||
| Q3 24 | 4.9% | 5.0% | ||
| Q2 24 | 2.2% | 9.6% | ||
| Q1 24 | 3.5% | 1.7% |
现金转化率AXONTGEN
| 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× | — | ||
| 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% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
