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Axon Enterprise（AXON）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
Woodward, Inc.的季度营收约是Axon Enterprise的1.3倍（$996.5M vs $796.7M），Woodward, Inc.净利率更高（13.4% vs 0.3%，领先13.1%），Axon Enterprise同比增速更快（38.9% vs 29.0%），Axon Enterprise自由现金流更多（$155.4M vs $70.3M），过去两年Axon Enterprise的营收复合增速更高（31.5% vs 9.2%）
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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
AXON vs WWD — 直观对比
营收规模更大
WWD
是对方的1.3倍
$796.7M
营收增速更快
AXON
高出10.0%
29.0%
净利率更高
WWD
高出13.1%
0.3%
自由现金流更多
AXON
多$85.1M
$70.3M
两年增速更快
AXON
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $796.7M | $996.5M |
| 净利润 | $2.7M | $133.7M |
| 毛利率 | 57.9% | 29.3% |
| 营业利润率 | -6.3% | 17.0% |
| 净利率 | 0.3% | 13.4% |
| 营收同比 | 38.9% | 29.0% |
| 净利润同比 | -98.0% | 53.5% |
| 每股收益（稀释后） | $0.02 | $2.17 |
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AXONWWD
| Q4 25 | $796.7M | $996.5M | ||
| Q3 25 | $710.6M | $995.3M | ||
| Q2 25 | $668.5M | $915.4M | ||
| Q1 25 | $603.6M | $883.6M | ||
| Q4 24 | $573.4M | $772.7M | ||
| Q3 24 | $544.3M | $854.5M | ||
| Q2 24 | $504.1M | $847.7M | ||
| Q1 24 | $460.7M | $835.3M |
净利润AXONWWD
| Q4 25 | $2.7M | $133.7M | ||
| Q3 25 | $-2.2M | $137.6M | ||
| Q2 25 | $36.1M | $108.4M | ||
| Q1 25 | $88.0M | $108.9M | ||
| Q4 24 | $136.0M | $87.1M | ||
| Q3 24 | $67.0M | $83.3M | ||
| Q2 24 | $40.8M | $102.1M | ||
| Q1 24 | $133.2M | $97.6M |
毛利率AXONWWD
| Q4 25 | 57.9% | 29.3% | ||
| Q3 25 | 60.1% | 27.9% | ||
| Q2 25 | 60.4% | 27.2% | ||
| Q1 25 | 60.6% | 27.2% | ||
| Q4 24 | 60.5% | 24.5% | ||
| Q3 24 | 60.8% | 24.3% | ||
| Q2 24 | 60.3% | 27.1% | ||
| Q1 24 | 56.4% | 28.1% |
营业利润率AXONWWD
| Q4 25 | -6.3% | 17.0% | ||
| Q3 25 | -0.3% | 16.1% | ||
| Q2 25 | -0.2% | 13.9% | ||
| Q1 25 | -1.5% | 15.0% | ||
| Q4 24 | -2.6% | 13.2% | ||
| Q3 24 | 4.4% | 11.9% | ||
| Q2 24 | 6.5% | 14.4% | ||
| Q1 24 | 3.5% | 14.4% |
净利率AXONWWD
| Q4 25 | 0.3% | 13.4% | ||
| Q3 25 | -0.3% | 13.8% | ||
| Q2 25 | 5.4% | 11.8% | ||
| Q1 25 | 14.6% | 12.3% | ||
| Q4 24 | 23.7% | 11.3% | ||
| Q3 24 | 12.3% | 9.7% | ||
| Q2 24 | 8.1% | 12.0% | ||
| Q1 24 | 28.9% | 11.7% |
每股收益（稀释后）AXONWWD
| Q4 25 | $0.02 | $2.17 | ||
| Q3 25 | $-0.03 | $2.23 | ||
| Q2 25 | $0.44 | $1.76 | ||
| Q1 25 | $1.08 | $1.78 | ||
| Q4 24 | $1.68 | $1.42 | ||
| Q3 24 | $0.86 | $1.36 | ||
| Q2 24 | $0.53 | $1.63 | ||
| Q1 24 | $1.73 | $1.56 |
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 | $454.2M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.2B | $2.6B |
| 总资产 | $7.0B | $4.7B |
| 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AXONWWD
| Q4 25 | $1.7B | $454.2M | ||
| Q3 25 | $2.4B | $327.4M | ||
| Q2 25 | $2.1B | $473.2M | ||
| Q1 25 | $2.2B | $364.1M | ||
| Q4 24 | $788.1M | $283.7M | ||
| Q3 24 | $1.0B | $282.3M | ||
| Q2 24 | $968.9M | $308.3M | ||
| Q1 24 | $964.1M | $316.9M |
总债务AXONWWD
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | $579.9M | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | $655.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXONWWD
| Q4 25 | $3.2B | $2.6B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.3B | $2.2B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $1.8B | $2.3B |
总资产AXONWWD
| Q4 25 | $7.0B | $4.7B | ||
| Q3 25 | $6.7B | $4.6B | ||
| Q2 25 | $6.2B | $4.7B | ||
| Q1 25 | $6.1B | $4.5B | ||
| Q4 24 | $4.5B | $4.3B | ||
| Q3 24 | $4.0B | $4.4B | ||
| Q2 24 | $3.7B | $4.3B | ||
| Q1 24 | $3.6B | $4.4B |
负债/权益比AXONWWD
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | 0.23× | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | 0.30× | ||
| 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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $155.4M | $70.3M |
| 自由现金流率自由现金流/营收 | 19.5% | 7.1% |
| 资本支出强度资本支出/营收 | 7.8% | 4.4% |
| 现金转化率经营现金流/净利润 | 79.14× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $75.1M | $409.7M |
8季度趋势，按日历期对齐
经营现金流AXONWWD
| Q4 25 | $217.2M | $114.4M | ||
| Q3 25 | $60.0M | $233.3M | ||
| Q2 25 | $-91.7M | $125.6M | ||
| Q1 25 | $25.8M | $77.8M | ||
| Q4 24 | $250.2M | $34.5M | ||
| Q3 24 | $91.3M | $141.8M | ||
| Q2 24 | $82.8M | $153.2M | ||
| Q1 24 | $-15.9M | $97.3M |
自由现金流AXONWWD
| Q4 25 | $155.4M | $70.3M | ||
| Q3 25 | $33.4M | $180.9M | ||
| Q2 25 | $-114.7M | $99.1M | ||
| Q1 25 | $932.0K | $59.4M | ||
| Q4 24 | $225.4M | $942.0K | ||
| Q3 24 | $64.8M | $117.7M | ||
| Q2 24 | $71.4M | $137.3M | ||
| Q1 24 | $-32.1M | $82.8M |
自由现金流率AXONWWD
| Q4 25 | 19.5% | 7.1% | ||
| Q3 25 | 4.7% | 18.2% | ||
| Q2 25 | -17.2% | 10.8% | ||
| Q1 25 | 0.2% | 6.7% | ||
| Q4 24 | 39.3% | 0.1% | ||
| Q3 24 | 11.9% | 13.8% | ||
| Q2 24 | 14.2% | 16.2% | ||
| Q1 24 | -7.0% | 9.9% |
资本支出强度AXONWWD
| Q4 25 | 7.8% | 4.4% | ||
| Q3 25 | 3.7% | 5.3% | ||
| Q2 25 | 3.4% | 2.9% | ||
| Q1 25 | 4.1% | 2.1% | ||
| Q4 24 | 4.3% | 4.3% | ||
| Q3 24 | 4.9% | 2.8% | ||
| Q2 24 | 2.2% | 1.9% | ||
| Q1 24 | 3.5% | 1.7% |
现金转化率AXONWWD
| Q4 25 | 79.14× | 0.86× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | -2.54× | 1.16× | ||
| Q1 25 | 0.29× | 0.71× | ||
| Q4 24 | 1.84× | 0.40× | ||
| Q3 24 | 1.36× | 1.70× | ||
| Q2 24 | 2.03× | 1.50× | ||
| Q1 24 | -0.12× | 1.00× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
