vs
Axon Enterprise（AXON）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是Axon Enterprise的1.9倍（$1.5B vs $796.7M）。TUTOR PERINI CORP净利率更高（1.9% vs 0.3%，领先1.6%）。TUTOR PERINI CORP同比增速更快（41.2% vs 38.9%）。Axon Enterprise自由现金流更多（$155.4M vs $98.7M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 19.9%）
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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
AXON vs TPC — 直观对比
营收规模更大
TPC
是对方的1.9倍
$796.7M
营收增速更快
TPC
高出2.2%
38.9%
净利率更高
TPC
高出1.6%
0.3%
自由现金流更多
AXON
多$56.7M
$98.7M
两年增速更快
AXON
近两年复合增速
19.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.5B |
| 净利润 | $2.7M | $28.8M |
| 毛利率 | 57.9% | 9.8% |
| 营业利润率 | -6.3% | 3.3% |
| 净利率 | 0.3% | 1.9% |
| 营收同比 | 38.9% | 41.2% |
| 净利润同比 | -98.0% | 136.3% |
| 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AXONTPC
| Q4 25 | $796.7M | $1.5B | ||
| Q3 25 | $710.6M | $1.4B | ||
| Q2 25 | $668.5M | $1.4B | ||
| Q1 25 | $603.6M | $1.2B | ||
| Q4 24 | $573.4M | $1.1B | ||
| Q3 24 | $544.3M | $1.1B | ||
| Q2 24 | $504.1M | $1.1B | ||
| Q1 24 | $460.7M | $1.0B |
净利润AXONTPC
| Q4 25 | $2.7M | $28.8M | ||
| Q3 25 | $-2.2M | $3.6M | ||
| Q2 25 | $36.1M | $20.0M | ||
| Q1 25 | $88.0M | $28.0M | ||
| Q4 24 | $136.0M | $-79.4M | ||
| Q3 24 | $67.0M | $-100.9M | ||
| Q2 24 | $40.8M | $812.0K | ||
| Q1 24 | $133.2M | $15.8M |
毛利率AXONTPC
| Q4 25 | 57.9% | 9.8% | ||
| Q3 25 | 60.1% | 12.0% | ||
| Q2 25 | 60.4% | 14.3% | ||
| Q1 25 | 60.6% | 10.8% | ||
| Q4 24 | 60.5% | -0.9% | ||
| Q3 24 | 60.8% | -2.4% | ||
| Q2 24 | 60.3% | 10.4% | ||
| Q1 24 | 56.4% | 11.0% |
营业利润率AXONTPC
| Q4 25 | -6.3% | 3.3% | ||
| Q3 25 | -0.3% | 2.8% | ||
| Q2 25 | -0.2% | 5.6% | ||
| Q1 25 | -1.5% | 5.2% | ||
| Q4 24 | -2.6% | -8.1% | ||
| Q3 24 | 4.4% | -9.9% | ||
| Q2 24 | 6.5% | 3.6% | ||
| Q1 24 | 3.5% | 4.7% |
净利率AXONTPC
| Q4 25 | 0.3% | 1.9% | ||
| Q3 25 | -0.3% | 0.3% | ||
| Q2 25 | 5.4% | 1.5% | ||
| Q1 25 | 14.6% | 2.2% | ||
| Q4 24 | 23.7% | -7.4% | ||
| Q3 24 | 12.3% | -9.3% | ||
| Q2 24 | 8.1% | 0.1% | ||
| Q1 24 | 28.9% | 1.5% |
每股收益（稀释后）AXONTPC
| Q4 25 | $0.02 | $0.53 | ||
| Q3 25 | $-0.03 | $0.07 | ||
| Q2 25 | $0.44 | $0.38 | ||
| Q1 25 | $1.08 | $0.53 | ||
| Q4 24 | $1.68 | $-1.53 | ||
| Q3 24 | $0.86 | $-1.92 | ||
| Q2 24 | $0.53 | $0.02 | ||
| Q1 24 | $1.73 | $0.30 |
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 | $734.6M |
| 总债务越低越好 | $1.8B | $407.4M |
| 股东权益账面价值 | $3.2B | $1.2B |
| 总资产 | $7.0B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资AXONTPC
| Q4 25 | $1.7B | $734.6M | ||
| Q3 25 | $2.4B | $695.7M | ||
| Q2 25 | $2.1B | $526.1M | ||
| Q1 25 | $2.2B | $276.5M | ||
| Q4 24 | $788.1M | $455.1M | ||
| Q3 24 | $1.0B | $287.4M | ||
| Q2 24 | $968.9M | $267.1M | ||
| Q1 24 | $964.1M | $358.3M |
总债务AXONTPC
| Q4 25 | $1.8B | $407.4M | ||
| Q3 25 | $2.0B | $413.1M | ||
| Q2 25 | $2.0B | $419.4M | ||
| Q1 25 | $2.0B | $405.6M | ||
| Q4 24 | $680.3M | $534.1M | ||
| Q3 24 | — | $681.4M | ||
| Q2 24 | — | $676.4M | ||
| Q1 24 | — | $801.2M |
股东权益AXONTPC
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
总资产AXONTPC
| Q4 25 | $7.0B | $5.2B | ||
| Q3 25 | $6.7B | $5.2B | ||
| Q2 25 | $6.2B | $4.9B | ||
| Q1 25 | $6.1B | $4.5B | ||
| Q4 24 | $4.5B | $4.2B | ||
| Q3 24 | $4.0B | $4.4B | ||
| Q2 24 | $3.7B | $4.3B | ||
| Q1 24 | $3.6B | $4.4B |
负债/权益比AXONTPC
| Q4 25 | 0.56× | 0.33× | ||
| Q3 25 | 0.66× | 0.35× | ||
| Q2 25 | 0.73× | 0.35× | ||
| Q1 25 | 0.79× | 0.35× | ||
| Q4 24 | 0.29× | 0.47× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.61× |
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 | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $98.7M |
| 自由现金流率自由现金流/营收 | 19.5% | 6.5% |
| 资本支出强度资本支出/营收 | 7.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 79.14× | 6.02× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $567.2M |
8季度趋势，按日历期对齐
经营现金流AXONTPC
| Q4 25 | $217.2M | $173.7M | ||
| Q3 25 | $60.0M | $289.1M | ||
| Q2 25 | $-91.7M | $262.4M | ||
| Q1 25 | $25.8M | $22.9M | ||
| Q4 24 | $250.2M | $329.6M | ||
| Q3 24 | $91.3M | $22.6M | ||
| Q2 24 | $82.8M | $53.1M | ||
| Q1 24 | $-15.9M | $98.3M |
自由现金流AXONTPC
| Q4 25 | $155.4M | $98.7M | ||
| Q3 25 | $33.4M | $240.2M | ||
| Q2 25 | $-114.7M | $235.6M | ||
| Q1 25 | $932.0K | $-7.2M | ||
| Q4 24 | $225.4M | $320.4M | ||
| Q3 24 | $64.8M | $15.6M | ||
| Q2 24 | $71.4M | $42.2M | ||
| Q1 24 | $-32.1M | $87.8M |
自由现金流率AXONTPC
| Q4 25 | 19.5% | 6.5% | ||
| Q3 25 | 4.7% | 17.0% | ||
| Q2 25 | -17.2% | 17.1% | ||
| Q1 25 | 0.2% | -0.6% | ||
| Q4 24 | 39.3% | 30.0% | ||
| Q3 24 | 11.9% | 1.4% | ||
| Q2 24 | 14.2% | 3.7% | ||
| Q1 24 | -7.0% | 8.4% |
资本支出强度AXONTPC
| Q4 25 | 7.8% | 5.0% | ||
| Q3 25 | 3.7% | 3.5% | ||
| Q2 25 | 3.4% | 2.0% | ||
| Q1 25 | 4.1% | 2.4% | ||
| Q4 24 | 4.3% | 0.9% | ||
| Q3 24 | 4.9% | 0.6% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 3.5% | 1.0% |
现金转化率AXONTPC
| Q4 25 | 79.14× | 6.02× | ||
| Q3 25 | — | 79.63× | ||
| Q2 25 | -2.54× | 13.14× | ||
| Q1 25 | 0.29× | 0.82× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | 65.44× | ||
| Q1 24 | -0.12× | 6.24× |
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% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
