vs
Axon Enterprise（AXON）与TRINITY INDUSTRIES INC（TRN）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TRINITY INDUSTRIES INC的1.3倍（$796.7M vs $611.2M）。TRINITY INDUSTRIES INC净利率更高（31.8% vs 0.3%，领先31.4%）。Axon Enterprise同比增速更快（38.9% vs -2.9%）。TRINITY INDUSTRIES INC自由现金流更多（$158.6M vs $155.4M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs -13.1%）
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。
特里尼蒂工业公司是一家美国工业企业，旗下布局多元业务线，为工业、能源、交通、建筑等核心领域提供适配的产品及相关服务，在多个下游行业拥有稳定的客户基础与业务覆盖。
AXON vs TRN — 直观对比
营收规模更大
AXON
是对方的1.3倍
$611.2M
营收增速更快
AXON
高出41.8%
-2.9%
净利率更高
TRN
高出31.4%
0.3%
自由现金流更多
TRN
多$3.2M
$155.4M
两年增速更快
AXON
近两年复合增速
-13.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $611.2M |
| 净利润 | $2.7M | $194.2M |
| 毛利率 | 57.9% | 25.5% |
| 营业利润率 | -6.3% | 54.9% |
| 净利率 | 0.3% | 31.8% |
| 营收同比 | 38.9% | -2.9% |
| 净利润同比 | -98.0% | 413.8% |
| 每股收益（稀释后） | $0.02 | $2.25 |
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AXONTRN
| Q4 25 | $796.7M | $611.2M | ||
| Q3 25 | $710.6M | $454.1M | ||
| Q2 25 | $668.5M | $506.2M | ||
| Q1 25 | $603.6M | $585.4M | ||
| Q4 24 | $573.4M | $629.4M | ||
| Q3 24 | $544.3M | $798.8M | ||
| Q2 24 | $504.1M | $841.4M | ||
| Q1 24 | $460.7M | $809.6M |
净利润AXONTRN
| Q4 25 | $2.7M | $194.2M | ||
| Q3 25 | $-2.2M | $30.3M | ||
| Q2 25 | $36.1M | $14.1M | ||
| Q1 25 | $88.0M | $22.1M | ||
| Q4 24 | $136.0M | $37.8M | ||
| Q3 24 | $67.0M | $31.4M | ||
| Q2 24 | $40.8M | $54.4M | ||
| Q1 24 | $133.2M | $23.7M |
毛利率AXONTRN
| Q4 25 | 57.9% | 25.5% | ||
| Q3 25 | 60.1% | 31.1% | ||
| Q2 25 | 60.4% | 26.4% | ||
| Q1 25 | 60.6% | 24.3% | ||
| Q4 24 | 60.5% | 24.6% | ||
| Q3 24 | 60.8% | 21.2% | ||
| Q2 24 | 60.3% | 21.3% | ||
| Q1 24 | 56.4% | 20.3% |
营业利润率AXONTRN
| Q4 25 | -6.3% | 54.9% | ||
| Q3 25 | -0.3% | 26.1% | ||
| Q2 25 | -0.2% | 18.8% | ||
| Q1 25 | -1.5% | 17.0% | ||
| Q4 24 | -2.6% | 17.8% | ||
| Q3 24 | 4.4% | 15.3% | ||
| Q2 24 | 6.5% | 16.9% | ||
| Q1 24 | 3.5% | 14.2% |
净利率AXONTRN
| Q4 25 | 0.3% | 31.8% | ||
| Q3 25 | -0.3% | 6.7% | ||
| Q2 25 | 5.4% | 2.8% | ||
| Q1 25 | 14.6% | 3.8% | ||
| Q4 24 | 23.7% | 6.0% | ||
| Q3 24 | 12.3% | 3.9% | ||
| Q2 24 | 8.1% | 6.5% | ||
| Q1 24 | 28.9% | 2.9% |
每股收益（稀释后）AXONTRN
| Q4 25 | $0.02 | $2.25 | ||
| Q3 25 | $-0.03 | $0.37 | ||
| Q2 25 | $0.44 | $0.17 | ||
| Q1 25 | $1.08 | $0.26 | ||
| Q4 24 | $1.68 | $0.34 | ||
| Q3 24 | $0.86 | $0.37 | ||
| Q2 24 | $0.53 | $0.65 | ||
| Q1 24 | $1.73 | $0.28 |
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 | $201.3M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $1.1B |
| 总资产 | $7.0B | $8.4B |
| 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AXONTRN
| Q4 25 | $1.7B | $201.3M | ||
| Q3 25 | $2.4B | $66.3M | ||
| Q2 25 | $2.1B | $147.7M | ||
| Q1 25 | $2.2B | $94.9M | ||
| Q4 24 | $788.1M | $228.2M | ||
| Q3 24 | $1.0B | $222.4M | ||
| Q2 24 | $968.9M | $257.1M | ||
| Q1 24 | $964.1M | $118.8M |
总债务AXONTRN
| 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AXONTRN
| Q4 25 | $3.2B | $1.1B | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $2.7B | $1.0B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.8B | $1.0B |
总资产AXONTRN
| Q4 25 | $7.0B | $8.4B | ||
| Q3 25 | $6.7B | $8.9B | ||
| Q2 25 | $6.2B | $8.8B | ||
| Q1 25 | $6.1B | $8.7B | ||
| Q4 24 | $4.5B | $8.8B | ||
| Q3 24 | $4.0B | $8.8B | ||
| Q2 24 | $3.7B | $9.0B | ||
| Q1 24 | $3.6B | $9.1B |
负债/权益比AXONTRN
| 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 | $177.4M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $158.6M |
| 自由现金流率自由现金流/营收 | 19.5% | 25.9% |
| 资本支出强度资本支出/营收 | 7.8% | 3.1% |
| 现金转化率经营现金流/净利润 | 79.14× | 0.91× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $314.1M |
8季度趋势，按日历期对齐
经营现金流AXONTRN
| Q4 25 | $217.2M | $177.4M | ||
| Q3 25 | $60.0M | $44.2M | ||
| Q2 25 | $-91.7M | $61.6M | ||
| Q1 25 | $25.8M | $76.5M | ||
| Q4 24 | $250.2M | $201.6M | ||
| Q3 24 | $91.3M | $78.5M | ||
| Q2 24 | $82.8M | $241.5M | ||
| Q1 24 | $-15.9M | $52.2M |
自由现金流AXONTRN
| Q4 25 | $155.4M | $158.6M | ||
| Q3 25 | $33.4M | $35.3M | ||
| Q2 25 | $-114.7M | $52.9M | ||
| Q1 25 | $932.0K | $67.3M | ||
| Q4 24 | $225.4M | $180.1M | ||
| Q3 24 | $64.8M | $62.1M | ||
| Q2 24 | $71.4M | $230.2M | ||
| Q1 24 | $-32.1M | $47.6M |
自由现金流率AXONTRN
| Q4 25 | 19.5% | 25.9% | ||
| Q3 25 | 4.7% | 7.8% | ||
| Q2 25 | -17.2% | 10.5% | ||
| Q1 25 | 0.2% | 11.5% | ||
| Q4 24 | 39.3% | 28.6% | ||
| Q3 24 | 11.9% | 7.8% | ||
| Q2 24 | 14.2% | 27.4% | ||
| Q1 24 | -7.0% | 5.9% |
资本支出强度AXONTRN
| Q4 25 | 7.8% | 3.1% | ||
| Q3 25 | 3.7% | 2.0% | ||
| Q2 25 | 3.4% | 1.7% | ||
| Q1 25 | 4.1% | 1.6% | ||
| Q4 24 | 4.3% | 3.4% | ||
| Q3 24 | 4.9% | 2.1% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 3.5% | 0.6% |
现金转化率AXONTRN
| Q4 25 | 79.14× | 0.91× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | -2.54× | 4.37× | ||
| Q1 25 | 0.29× | 3.46× | ||
| Q4 24 | 1.84× | 5.33× | ||
| Q3 24 | 1.36× | 2.50× | ||
| Q2 24 | 2.03× | 4.44× | ||
| Q1 24 | -0.12× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
