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Axon Enterprise（AXON）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的1.4倍（$796.7M vs $566.0M）。Axon Enterprise净利率更高（0.3% vs -33.1%，领先33.4%）。Axon Enterprise同比增速更快（38.9% vs -6.1%）。Axon Enterprise自由现金流更多（$155.4M vs $149.7M）。过去两年Axon Enterprise的营收复合增速更高（31.5% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
AXON vs WSC — 直观对比
营收规模更大
AXON
是对方的1.4倍
$566.0M
营收增速更快
AXON
高出45.0%
-6.1%
净利率更高
AXON
高出33.4%
-33.1%
自由现金流更多
AXON
多$5.7M
$149.7M
两年增速更快
AXON
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $566.0M |
| 净利润 | $2.7M | $-187.3M |
| 毛利率 | 57.9% | 50.4% |
| 营业利润率 | -6.3% | -32.5% |
| 净利率 | 0.3% | -33.1% |
| 营收同比 | 38.9% | -6.1% |
| 净利润同比 | -98.0% | -310.0% |
| 每股收益（稀释后） | $0.02 | $-1.02 |
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AXONWSC
| Q4 25 | $796.7M | $566.0M | ||
| Q3 25 | $710.6M | $566.8M | ||
| Q2 25 | $668.5M | $589.1M | ||
| Q1 25 | $603.6M | $559.6M | ||
| Q4 24 | $573.4M | $602.5M | ||
| Q3 24 | $544.3M | $601.4M | ||
| Q2 24 | $504.1M | $604.6M | ||
| Q1 24 | $460.7M | $587.2M |
净利润AXONWSC
| Q4 25 | $2.7M | $-187.3M | ||
| Q3 25 | $-2.2M | $43.3M | ||
| Q2 25 | $36.1M | $47.9M | ||
| Q1 25 | $88.0M | $43.1M | ||
| Q4 24 | $136.0M | $89.2M | ||
| Q3 24 | $67.0M | $-70.5M | ||
| Q2 24 | $40.8M | $-46.9M | ||
| Q1 24 | $133.2M | $56.2M |
毛利率AXONWSC
| Q4 25 | 57.9% | 50.4% | ||
| Q3 25 | 60.1% | 49.7% | ||
| Q2 25 | 60.4% | 50.3% | ||
| Q1 25 | 60.6% | 53.7% | ||
| Q4 24 | 60.5% | 55.8% | ||
| Q3 24 | 60.8% | 53.5% | ||
| Q2 24 | 60.3% | 54.1% | ||
| Q1 24 | 56.4% | 54.0% |
营业利润率AXONWSC
| Q4 25 | -6.3% | -32.5% | ||
| Q3 25 | -0.3% | 21.0% | ||
| Q2 25 | -0.2% | 21.5% | ||
| Q1 25 | -1.5% | 21.3% | ||
| Q4 24 | -2.6% | 28.9% | ||
| Q3 24 | 4.4% | -5.9% | ||
| Q2 24 | 6.5% | -0.9% | ||
| Q1 24 | 3.5% | 22.1% |
净利率AXONWSC
| Q4 25 | 0.3% | -33.1% | ||
| Q3 25 | -0.3% | 7.6% | ||
| Q2 25 | 5.4% | 8.1% | ||
| Q1 25 | 14.6% | 7.7% | ||
| Q4 24 | 23.7% | 14.8% | ||
| Q3 24 | 12.3% | -11.7% | ||
| Q2 24 | 8.1% | -7.7% | ||
| Q1 24 | 28.9% | 9.6% |
每股收益（稀释后）AXONWSC
| Q4 25 | $0.02 | $-1.02 | ||
| Q3 25 | $-0.03 | $0.24 | ||
| Q2 25 | $0.44 | $0.26 | ||
| Q1 25 | $1.08 | $0.23 | ||
| Q4 24 | $1.68 | $0.48 | ||
| Q3 24 | $0.86 | $-0.37 | ||
| Q2 24 | $0.53 | $-0.25 | ||
| Q1 24 | $1.73 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $1.8B | $3.6B |
| 股东权益账面价值 | $3.2B | $856.3M |
| 总资产 | $7.0B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.56× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资AXONWSC
| Q4 25 | $1.7B | $14.6M | ||
| Q3 25 | $2.4B | $14.8M | ||
| Q2 25 | $2.1B | $12.8M | ||
| Q1 25 | $2.2B | $10.7M | ||
| Q4 24 | $788.1M | $9.0M | ||
| Q3 24 | $1.0B | $11.0M | ||
| Q2 24 | $968.9M | $5.9M | ||
| Q1 24 | $964.1M | $13.1M |
总债务AXONWSC
| Q4 25 | $1.8B | $3.6B | ||
| Q3 25 | $2.0B | $3.6B | ||
| Q2 25 | $2.0B | $3.7B | ||
| Q1 25 | $2.0B | $3.6B | ||
| Q4 24 | $680.3M | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
股东权益AXONWSC
| Q4 25 | $3.2B | $856.3M | ||
| Q3 25 | $3.0B | $1.1B | ||
| Q2 25 | $2.7B | $1.0B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.8B | $1.3B |
总资产AXONWSC
| Q4 25 | $7.0B | $5.8B | ||
| Q3 25 | $6.7B | $6.1B | ||
| Q2 25 | $6.2B | $6.1B | ||
| Q1 25 | $6.1B | $6.0B | ||
| Q4 24 | $4.5B | $6.0B | ||
| Q3 24 | $4.0B | $6.0B | ||
| Q2 24 | $3.7B | $6.0B | ||
| Q1 24 | $3.6B | $6.2B |
负债/权益比AXONWSC
| Q4 25 | 0.56× | 4.15× | ||
| Q3 25 | 0.66× | 3.39× | ||
| Q2 25 | 0.73× | 3.55× | ||
| Q1 25 | 0.79× | 3.56× | ||
| Q4 24 | 0.29× | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $149.7M |
| 自由现金流率自由现金流/营收 | 19.5% | 26.5% |
| 资本支出强度资本支出/营收 | 7.8% | 1.6% |
| 现金转化率经营现金流/净利润 | 79.14× | — |
| 过去12个月自由现金流最近4个季度 | $75.1M | $737.7M |
8季度趋势，按日历期对齐
经营现金流AXONWSC
| Q4 25 | $217.2M | $158.9M | ||
| Q3 25 | $60.0M | $191.2M | ||
| Q2 25 | $-91.7M | $205.3M | ||
| Q1 25 | $25.8M | $206.6M | ||
| Q4 24 | $250.2M | $178.9M | ||
| Q3 24 | $91.3M | $-1.6M | ||
| Q2 24 | $82.8M | $175.6M | ||
| Q1 24 | $-15.9M | $208.7M |
自由现金流AXONWSC
| Q4 25 | $155.4M | $149.7M | ||
| Q3 25 | $33.4M | $186.9M | ||
| Q2 25 | $-114.7M | $199.0M | ||
| Q1 25 | $932.0K | $202.0M | ||
| Q4 24 | $225.4M | $176.6M | ||
| Q3 24 | $64.8M | $-4.9M | ||
| Q2 24 | $71.4M | $169.4M | ||
| Q1 24 | $-32.1M | $202.1M |
自由现金流率AXONWSC
| Q4 25 | 19.5% | 26.5% | ||
| Q3 25 | 4.7% | 33.0% | ||
| Q2 25 | -17.2% | 33.8% | ||
| Q1 25 | 0.2% | 36.1% | ||
| Q4 24 | 39.3% | 29.3% | ||
| Q3 24 | 11.9% | -0.8% | ||
| Q2 24 | 14.2% | 28.0% | ||
| Q1 24 | -7.0% | 34.4% |
资本支出强度AXONWSC
| Q4 25 | 7.8% | 1.6% | ||
| Q3 25 | 3.7% | 0.7% | ||
| Q2 25 | 3.4% | 1.1% | ||
| Q1 25 | 4.1% | 0.8% | ||
| Q4 24 | 4.3% | 0.4% | ||
| Q3 24 | 4.9% | 0.6% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 3.5% | 1.1% |
现金转化率AXONWSC
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | -2.54× | 4.28× | ||
| Q1 25 | 0.29× | 4.80× | ||
| Q4 24 | 1.84× | 2.01× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
