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Axon Enterprise（AXON）与Tyler Technologies（TYL）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Tyler Technologies的1.4倍（$796.7M vs $575.2M），Tyler Technologies净利率更高（11.4% vs 0.3%，领先11.0%），Axon Enterprise同比增速更快（38.9% vs 6.3%），Tyler Technologies自由现金流更多（$239.6M vs $155.4M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 6.0%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
AXON vs TYL — 直观对比
营收规模更大
AXON
是对方的1.4倍
$575.2M
营收增速更快
AXON
高出32.7%
6.3%
净利率更高
TYL
高出11.0%
0.3%
自由现金流更多
TYL
多$84.1M
$155.4M
两年增速更快
AXON
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $575.2M |
| 净利润 | $2.7M | $65.5M |
| 毛利率 | 57.9% | 45.5% |
| 营业利润率 | -6.3% | 13.0% |
| 净利率 | 0.3% | 11.4% |
| 营收同比 | 38.9% | 6.3% |
| 净利润同比 | -98.0% | 0.5% |
| 每股收益（稀释后） | $0.02 | $1.50 |
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AXONTYL
| Q4 25 | $796.7M | $575.2M | ||
| Q3 25 | $710.6M | $595.9M | ||
| Q2 25 | $668.5M | $596.1M | ||
| Q1 25 | $603.6M | $565.2M | ||
| Q4 24 | $573.4M | $541.1M | ||
| Q3 24 | $544.3M | $543.3M | ||
| Q2 24 | $504.1M | $541.0M | ||
| Q1 24 | $460.7M | $512.4M |
净利润AXONTYL
| Q4 25 | $2.7M | $65.5M | ||
| Q3 25 | $-2.2M | $84.4M | ||
| Q2 25 | $36.1M | $84.6M | ||
| Q1 25 | $88.0M | $81.1M | ||
| Q4 24 | $136.0M | $65.2M | ||
| Q3 24 | $67.0M | $75.9M | ||
| Q2 24 | $40.8M | $67.7M | ||
| Q1 24 | $133.2M | $54.2M |
毛利率AXONTYL
| Q4 25 | 57.9% | 45.5% | ||
| Q3 25 | 60.1% | 47.2% | ||
| Q2 25 | 60.4% | 45.8% | ||
| Q1 25 | 60.6% | 47.3% | ||
| Q4 24 | 60.5% | 43.8% | ||
| Q3 24 | 60.8% | 43.7% | ||
| Q2 24 | 60.3% | 44.0% | ||
| Q1 24 | 56.4% | 43.7% |
营业利润率AXONTYL
| Q4 25 | -6.3% | 13.0% | ||
| Q3 25 | -0.3% | 16.4% | ||
| Q2 25 | -0.2% | 16.0% | ||
| Q1 25 | -1.5% | 15.8% | ||
| Q4 24 | -2.6% | 13.2% | ||
| Q3 24 | 4.4% | 15.2% | ||
| Q2 24 | 6.5% | 14.4% | ||
| Q1 24 | 3.5% | 13.1% |
净利率AXONTYL
| Q4 25 | 0.3% | 11.4% | ||
| Q3 25 | -0.3% | 14.2% | ||
| Q2 25 | 5.4% | 14.2% | ||
| Q1 25 | 14.6% | 14.3% | ||
| Q4 24 | 23.7% | 12.1% | ||
| Q3 24 | 12.3% | 14.0% | ||
| Q2 24 | 8.1% | 12.5% | ||
| Q1 24 | 28.9% | 10.6% |
每股收益（稀释后）AXONTYL
| Q4 25 | $0.02 | $1.50 | ||
| Q3 25 | $-0.03 | $1.93 | ||
| Q2 25 | $0.44 | $1.93 | ||
| Q1 25 | $1.08 | $1.84 | ||
| Q4 24 | $1.68 | $1.48 | ||
| Q3 24 | $0.86 | $1.74 | ||
| Q2 24 | $0.53 | $1.57 | ||
| Q1 24 | $1.73 | $1.26 |
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 | $1.1B |
| 总债务越低越好 | $1.8B | $599.7M |
| 股东权益账面价值 | $3.2B | $3.7B |
| 总资产 | $7.0B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资AXONTYL
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $2.4B | $950.8M | ||
| Q2 25 | $2.1B | $892.3M | ||
| Q1 25 | $2.2B | $807.4M | ||
| Q4 24 | $788.1M | $768.0M | ||
| Q3 24 | $1.0B | $544.3M | ||
| Q2 24 | $968.9M | $258.0M | ||
| Q1 24 | $964.1M | $196.9M |
总债务AXONTYL
| Q4 25 | $1.8B | $599.7M | ||
| Q3 25 | $2.0B | $599.2M | ||
| Q2 25 | $2.0B | $598.8M | ||
| Q1 25 | $2.0B | $598.4M | ||
| Q4 24 | $680.3M | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M | ||
| Q1 24 | — | $596.6M |
股东权益AXONTYL
| Q4 25 | $3.2B | $3.7B | ||
| Q3 25 | $3.0B | $3.6B | ||
| Q2 25 | $2.7B | $3.6B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.3B | $3.4B | ||
| Q3 24 | $2.1B | $3.3B | ||
| Q2 24 | $1.9B | $3.1B | ||
| Q1 24 | $1.8B | $3.0B |
总资产AXONTYL
| Q4 25 | $7.0B | $5.6B | ||
| Q3 25 | $6.7B | $5.5B | ||
| Q2 25 | $6.2B | $5.4B | ||
| Q1 25 | $6.1B | $5.2B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.0B | $5.0B | ||
| Q2 24 | $3.7B | $4.8B | ||
| Q1 24 | $3.6B | $4.6B |
负债/权益比AXONTYL
| Q4 25 | 0.56× | 0.16× | ||
| Q3 25 | 0.66× | 0.17× | ||
| Q2 25 | 0.73× | 0.16× | ||
| Q1 25 | 0.79× | 0.17× | ||
| Q4 24 | 0.29× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.20× |
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 | $243.9M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $239.6M |
| 自由现金流率自由现金流/营收 | 19.5% | 41.7% |
| 资本支出强度资本支出/营收 | 7.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 79.14× | 3.72× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $637.5M |
8季度趋势，按日历期对齐
经营现金流AXONTYL
| Q4 25 | $217.2M | $243.9M | ||
| Q3 25 | $60.0M | $255.2M | ||
| Q2 25 | $-91.7M | $98.3M | ||
| Q1 25 | $25.8M | $56.2M | ||
| Q4 24 | $250.2M | $224.8M | ||
| Q3 24 | $91.3M | $263.7M | ||
| Q2 24 | $82.8M | $64.3M | ||
| Q1 24 | $-15.9M | $71.8M |
自由现金流AXONTYL
| Q4 25 | $155.4M | $239.6M | ||
| Q3 25 | $33.4M | $251.3M | ||
| Q2 25 | $-114.7M | $92.8M | ||
| Q1 25 | $932.0K | $53.8M | ||
| Q4 24 | $225.4M | $221.0M | ||
| Q3 24 | $64.8M | $260.8M | ||
| Q2 24 | $71.4M | $57.7M | ||
| Q1 24 | $-32.1M | $64.6M |
自由现金流率AXONTYL
| Q4 25 | 19.5% | 41.7% | ||
| Q3 25 | 4.7% | 42.2% | ||
| Q2 25 | -17.2% | 15.6% | ||
| Q1 25 | 0.2% | 9.5% | ||
| Q4 24 | 39.3% | 40.8% | ||
| Q3 24 | 11.9% | 48.0% | ||
| Q2 24 | 14.2% | 10.7% | ||
| Q1 24 | -7.0% | 12.6% |
资本支出强度AXONTYL
| Q4 25 | 7.8% | 0.8% | ||
| Q3 25 | 3.7% | 0.7% | ||
| Q2 25 | 3.4% | 0.9% | ||
| Q1 25 | 4.1% | 0.4% | ||
| Q4 24 | 4.3% | 0.7% | ||
| Q3 24 | 4.9% | 0.5% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 3.5% | 1.4% |
现金转化率AXONTYL
| Q4 25 | 79.14× | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | -2.54× | 1.16× | ||
| Q1 25 | 0.29× | 0.69× | ||
| Q4 24 | 1.84× | 3.45× | ||
| Q3 24 | 1.36× | 3.47× | ||
| Q2 24 | 2.03× | 0.95× | ||
| Q1 24 | -0.12× | 1.33× |
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% |
TYL
| Saas Arrangements | $186.1M | 32% |
| Platform Technologies Segment | $143.3M | 25% |
| Maintenance | $109.4M | 19% |
| Professional Services | $55.3M | 10% |
| Nonrecurring Revenue | $51.3M | 9% |
| Other | $21.4M | 4% |
| Hardware And Other | $8.4M | 1% |
