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Axon Enterprise（AXON）与环联（TRU）财务数据对比。点击上方公司名可切换其他公司
环联的季度营收约是Axon Enterprise的1.5倍（$1.2B vs $796.7M）。环联净利率更高（8.6% vs 0.3%，领先8.3%）。Axon Enterprise同比增速更快（38.9% vs 13.0%）。环联自由现金流更多（$222.8M vs $155.4M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs 7.1%）
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。
环联是美国知名消费者信用报告机构，与益博睿、艾奎法克斯并列美国三大征信机构，总部位于伊利诺伊州芝加哥。目前其业务覆盖30余个国家，累计收集超10亿消费者的信用信息，持有美国几乎所有有信用记录消费者的超2亿份档案，服务超6.5万家企业客户，2014年营收达13亿美元。
AXON vs TRU — 直观对比
营收规模更大
TRU
是对方的1.5倍
$796.7M
营收增速更快
AXON
高出26.0%
13.0%
净利率更高
TRU
高出8.3%
0.3%
自由现金流更多
TRU
多$67.4M
$155.4M
两年增速更快
AXON
近两年复合增速
7.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $1.2B |
| 净利润 | $2.7M | $101.1M |
| 毛利率 | 57.9% | — |
| 营业利润率 | -6.3% | 17.4% |
| 净利率 | 0.3% | 8.6% |
| 营收同比 | 38.9% | 13.0% |
| 净利润同比 | -98.0% | 52.5% |
| 每股收益（稀释后） | $0.02 | $0.52 |
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AXONTRU
| Q4 25 | $796.7M | $1.2B | ||
| Q3 25 | $710.6M | $1.2B | ||
| Q2 25 | $668.5M | $1.1B | ||
| Q1 25 | $603.6M | $1.1B | ||
| Q4 24 | $573.4M | $1.0B | ||
| Q3 24 | $544.3M | $1.1B | ||
| Q2 24 | $504.1M | $1.0B | ||
| Q1 24 | $460.7M | $1.0B |
净利润AXONTRU
| Q4 25 | $2.7M | $101.1M | ||
| Q3 25 | $-2.2M | $96.6M | ||
| Q2 25 | $36.1M | $109.6M | ||
| Q1 25 | $88.0M | $148.1M | ||
| Q4 24 | $136.0M | $66.3M | ||
| Q3 24 | $67.0M | $68.0M | ||
| Q2 24 | $40.8M | $85.0M | ||
| Q1 24 | $133.2M | $65.1M |
毛利率AXONTRU
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | — | ||
| Q2 24 | 60.3% | — | ||
| Q1 24 | 56.4% | — |
营业利润率AXONTRU
| Q4 25 | -6.3% | 17.4% | ||
| Q3 25 | -0.3% | 17.8% | ||
| Q2 25 | -0.2% | 16.9% | ||
| Q1 25 | -1.5% | 23.2% | ||
| Q4 24 | -2.6% | 16.5% | ||
| Q3 24 | 4.4% | 14.4% | ||
| Q2 24 | 6.5% | 17.5% | ||
| Q1 24 | 3.5% | 15.4% |
净利率AXONTRU
| Q4 25 | 0.3% | 8.6% | ||
| Q3 25 | -0.3% | 8.3% | ||
| Q2 25 | 5.4% | 9.6% | ||
| Q1 25 | 14.6% | 13.5% | ||
| Q4 24 | 23.7% | 6.4% | ||
| Q3 24 | 12.3% | 6.3% | ||
| Q2 24 | 8.1% | 8.2% | ||
| Q1 24 | 28.9% | 6.4% |
每股收益（稀释后）AXONTRU
| Q4 25 | $0.02 | $0.52 | ||
| Q3 25 | $-0.03 | $0.49 | ||
| Q2 25 | $0.44 | $0.56 | ||
| Q1 25 | $1.08 | $0.75 | ||
| Q4 24 | $1.68 | $0.33 | ||
| Q3 24 | $0.86 | $0.35 | ||
| Q2 24 | $0.53 | $0.44 | ||
| Q1 24 | $1.73 | $0.33 |
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 | $856.3M |
| 总债务越低越好 | $1.8B | $4.9B |
| 股东权益账面价值 | $3.2B | $4.4B |
| 总资产 | $7.0B | $11.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资AXONTRU
| Q4 25 | $1.7B | $856.3M | ||
| Q3 25 | $2.4B | $752.5M | ||
| Q2 25 | $2.1B | $690.0M | ||
| Q1 25 | $2.2B | $612.5M | ||
| Q4 24 | $788.1M | $682.0M | ||
| Q3 24 | $1.0B | $646.0M | ||
| Q2 24 | $968.9M | $545.8M | ||
| Q1 24 | $964.1M | $436.2M |
总债务AXONTRU
| Q4 25 | $1.8B | $4.9B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONTRU
| Q4 25 | $3.2B | $4.4B | ||
| Q3 25 | $3.0B | $4.5B | ||
| Q2 25 | $2.7B | $4.5B | ||
| Q1 25 | $2.6B | $4.4B | ||
| Q4 24 | $2.3B | $4.2B | ||
| Q3 24 | $2.1B | $4.2B | ||
| Q2 24 | $1.9B | $4.1B | ||
| Q1 24 | $1.8B | $4.1B |
总资产AXONTRU
| Q4 25 | $7.0B | $11.1B | ||
| Q3 25 | $6.7B | $11.1B | ||
| Q2 25 | $6.2B | $11.1B | ||
| Q1 25 | $6.1B | $10.9B | ||
| Q4 24 | $4.5B | $11.0B | ||
| Q3 24 | $4.0B | $11.1B | ||
| Q2 24 | $3.7B | $11.0B | ||
| Q1 24 | $3.6B | $11.0B |
负债/权益比AXONTRU
| Q4 25 | 0.56× | 1.11× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 1.20× | ||
| 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 | $319.5M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $222.8M |
| 自由现金流率自由现金流/营收 | 19.5% | 19.0% |
| 资本支出强度资本支出/营收 | 7.8% | 8.3% |
| 现金转化率经营现金流/净利润 | 79.14× | 3.16× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $661.6M |
8季度趋势，按日历期对齐
经营现金流AXONTRU
| Q4 25 | $217.2M | $319.5M | ||
| Q3 25 | $60.0M | $324.3M | ||
| Q2 25 | $-91.7M | $291.3M | ||
| Q1 25 | $25.8M | $52.5M | ||
| Q4 24 | $250.2M | $254.0M | ||
| Q3 24 | $91.3M | $229.3M | ||
| Q2 24 | $82.8M | $295.2M | ||
| Q1 24 | $-15.9M | $54.0M |
自由现金流AXONTRU
| Q4 25 | $155.4M | $222.8M | ||
| Q3 25 | $33.4M | $240.4M | ||
| Q2 25 | $-114.7M | $214.3M | ||
| Q1 25 | $932.0K | $-15.9M | ||
| Q4 24 | $225.4M | $136.9M | ||
| Q3 24 | $64.8M | $161.3M | ||
| Q2 24 | $71.4M | $226.9M | ||
| Q1 24 | $-32.1M | $-8.4M |
自由现金流率AXONTRU
| Q4 25 | 19.5% | 19.0% | ||
| Q3 25 | 4.7% | 20.6% | ||
| Q2 25 | -17.2% | 18.8% | ||
| Q1 25 | 0.2% | -1.5% | ||
| Q4 24 | 39.3% | 13.2% | ||
| Q3 24 | 11.9% | 14.9% | ||
| Q2 24 | 14.2% | 21.8% | ||
| Q1 24 | -7.0% | -0.8% |
资本支出强度AXONTRU
| Q4 25 | 7.8% | 8.3% | ||
| Q3 25 | 3.7% | 7.2% | ||
| Q2 25 | 3.4% | 6.8% | ||
| Q1 25 | 4.1% | 6.2% | ||
| Q4 24 | 4.3% | 11.3% | ||
| Q3 24 | 4.9% | 6.3% | ||
| Q2 24 | 2.2% | 6.6% | ||
| Q1 24 | 3.5% | 6.1% |
现金转化率AXONTRU
| Q4 25 | 79.14× | 3.16× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | -2.54× | 2.66× | ||
| Q1 25 | 0.29× | 0.35× | ||
| Q4 24 | 1.84× | 3.83× | ||
| Q3 24 | 1.36× | 3.37× | ||
| Q2 24 | 2.03× | 3.47× | ||
| Q1 24 | -0.12× | 0.83× |
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% |
TRU
暂无分部数据
