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Axon Enterprise（AXON）与WINNEBAGO INDUSTRIES INC（WGO）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WINNEBAGO INDUSTRIES INC的1.1倍（$796.7M vs $702.7M）。WINNEBAGO INDUSTRIES INC净利率更高（0.8% vs 0.3%，领先0.4%）。Axon Enterprise同比增速更快（38.9% vs 12.3%）。Axon Enterprise自由现金流更多（$155.4M vs $19.8M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs -4.0%）
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。
温尼贝戈工业是美国知名的房车制造商，主营 recreational vehicle（ recreational vehicle 即休闲旅居车）生产制造，2018年收购克里斯-克拉夫特公司后进军摩托艇制造领域，企业也曾产出中轻型多用途车等相关产品，公司名称源自其原总部所在地爱荷华州的温纳贝戈县。
AXON vs WGO — 直观对比
营收规模更大
AXON
是对方的1.1倍
$702.7M
营收增速更快
AXON
高出26.6%
12.3%
净利率更高
WGO
高出0.4%
0.3%
自由现金流更多
AXON
多$135.6M
$19.8M
两年增速更快
AXON
近两年复合增速
-4.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $702.7M |
| 净利润 | $2.7M | $5.5M |
| 毛利率 | 57.9% | 12.7% |
| 营业利润率 | -6.3% | 2.0% |
| 净利率 | 0.3% | 0.8% |
| 营收同比 | 38.9% | 12.3% |
| 净利润同比 | -98.0% | 205.8% |
| 每股收益（稀释后） | $0.02 | $0.19 |
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AXONWGO
| Q4 25 | $796.7M | $702.7M | ||
| Q3 25 | $710.6M | — | ||
| Q2 25 | $668.5M | $775.1M | ||
| Q1 25 | $603.6M | — | ||
| Q4 24 | $573.4M | $625.6M | ||
| Q3 24 | $544.3M | $720.9M | ||
| Q2 24 | $504.1M | $786.0M | ||
| Q1 24 | $460.7M | $703.6M |
净利润AXONWGO
| Q4 25 | $2.7M | $5.5M | ||
| Q3 25 | $-2.2M | — | ||
| Q2 25 | $36.1M | $17.6M | ||
| Q1 25 | $88.0M | — | ||
| Q4 24 | $136.0M | $-5.2M | ||
| Q3 24 | $67.0M | $-29.1M | ||
| Q2 24 | $40.8M | $29.0M | ||
| Q1 24 | $133.2M | $-12.7M |
毛利率AXONWGO
| Q4 25 | 57.9% | 12.7% | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | 13.7% | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | 12.3% | ||
| Q3 24 | 60.8% | 13.1% | ||
| Q2 24 | 60.3% | 15.0% | ||
| Q1 24 | 56.4% | 15.0% |
营业利润率AXONWGO
| Q4 25 | -6.3% | 2.0% | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | -0.2% | 3.9% | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | -2.6% | -0.1% | ||
| Q3 24 | 4.4% | -2.5% | ||
| Q2 24 | 6.5% | 5.5% | ||
| Q1 24 | 3.5% | 5.0% |
净利率AXONWGO
| Q4 25 | 0.3% | 0.8% | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | 5.4% | 2.3% | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 23.7% | -0.8% | ||
| Q3 24 | 12.3% | -4.0% | ||
| Q2 24 | 8.1% | 3.7% | ||
| Q1 24 | 28.9% | -1.8% |
每股收益（稀释后）AXONWGO
| Q4 25 | $0.02 | $0.19 | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $0.44 | $0.62 | ||
| Q1 25 | $1.08 | — | ||
| Q4 24 | $1.68 | $-0.18 | ||
| Q3 24 | $0.86 | $-0.87 | ||
| Q2 24 | $0.53 | $0.96 | ||
| Q1 24 | $1.73 | $-0.43 |
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 | $181.7M |
| 总债务越低越好 | $1.8B | $541.0M |
| 股东权益账面价值 | $3.2B | $1.2B |
| 总资产 | $7.0B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资AXONWGO
| Q4 25 | $1.7B | $181.7M | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | $10.5M | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $788.1M | $262.5M | ||
| Q3 24 | $1.0B | $330.9M | ||
| Q2 24 | $968.9M | $318.1M | ||
| Q1 24 | $964.1M | $265.7M |
总债务AXONWGO
| Q4 25 | $1.8B | $541.0M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | $539.9M | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $637.7M | ||
| Q3 24 | — | $637.1M | ||
| Q2 24 | — | $636.4M | ||
| Q1 24 | — | $694.8M |
股东权益AXONWGO
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
总资产AXONWGO
| Q4 25 | $7.0B | $2.1B | ||
| Q3 25 | $6.7B | — | ||
| Q2 25 | $6.2B | $2.1B | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.0B | $2.4B | ||
| Q2 24 | $3.7B | $2.4B | ||
| Q1 24 | $3.6B | $2.4B |
负债/权益比AXONWGO
| Q4 25 | 0.56× | 0.44× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | 0.44× | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 0.51× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 0.48× | ||
| Q1 24 | — | 0.52× |
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 | $25.4M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $19.8M |
| 自由现金流率自由现金流/营收 | 19.5% | 2.8% |
| 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× | 4.62× |
| 过去12个月自由现金流最近4个季度 | $75.1M | — |
8季度趋势，按日历期对齐
经营现金流AXONWGO
| Q4 25 | $217.2M | $25.4M | ||
| Q3 25 | $60.0M | — | ||
| Q2 25 | $-91.7M | — | ||
| Q1 25 | $25.8M | — | ||
| Q4 24 | $250.2M | $-16.7M | ||
| Q3 24 | $91.3M | $40.7M | ||
| Q2 24 | $82.8M | $99.4M | ||
| Q1 24 | $-15.9M | $25.2M |
自由现金流AXONWGO
| Q4 25 | $155.4M | $19.8M | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | $-26.7M | ||
| Q3 24 | $64.8M | $29.5M | ||
| Q2 24 | $71.4M | $88.4M | ||
| Q1 24 | $-32.1M | $14.2M |
自由现金流率AXONWGO
| Q4 25 | 19.5% | 2.8% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | -4.3% | ||
| Q3 24 | 11.9% | 4.1% | ||
| Q2 24 | 14.2% | 11.2% | ||
| Q1 24 | -7.0% | 2.0% |
资本支出强度AXONWGO
| Q4 25 | 7.8% | 0.8% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | 1.6% | ||
| Q3 24 | 4.9% | 1.6% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 3.5% | 1.6% |
现金转化率AXONWGO
| Q4 25 | 79.14× | 4.62× | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | 3.43× | ||
| 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% |
WGO
| Travel Trailer | $139.2M | 20% |
| Class C And Other | $131.0M | 19% |
| Fifth Wheel | $116.0M | 17% |
| Class A | $97.4M | 14% |
| Marine Segment | $79.2M | 11% |
| Class B | $76.3M | 11% |
| Other | $56.4M | 8% |
