Table of Contents Axon Enterprise, Inc. (“Axon,” the “Company,” “we” or “us”) is a technology company that provides integrated hardware and software solutions. Founder-led since 1993, Axon began with a mission to protect life and has grown into a global technology company serving a range of customers. Our products and services allow customers across the public and private sector to capture and use critical data to support fully-connected operational workflows. Our trusted network seamlessly integrates software and hardware with a range of connected devices, including TASER energy devices, cameras and sensors, drones and robotics, cloud-based evidence management, records management, real-time operations software, critical incident and emergency response systems, immersive training, and productivity tools – all enhanced by artificial intelligence (“AI”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.8B | 2.8B | 2.1B | 1.6B | 1.2B | 863M |
| Net Income | 125M | 125M | 377M | 176M | 147M | -60M |
| EPS | $1.51 | $1.51 | $4.80 | $2.33 | $2.03 | $-0.91 |
| Free Cash Flow | 75M | 75M | 330M | 130M | 180M | 75M |
| ROIC | -10.1% | 3.4% | 16.2% | 14.5% | 6.7% | -5.7% |
| Gross Margin | 59.7% | 59.7% | 59.6% | 61.2% | 61.2% | 62.7% |
| Debt/Equity | 0.61 | 0.61 | 0.60 | 0.44 | 0.56 | 0.02 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -62M | -62M | 59M | 157M | 93M | -168M |
| Operating Margin | -2.2% | -2.2% | 2.8% | 10.0% | 7.8% | -19.5% |
| ROE | 3.8% | 4.5% | 16.2% | 10.9% | 11.6% | -5.7% |
| Shares Outstanding | 83M | 83M | 79M | 75M | 72M | 66M |
AXON ENTERPRISE, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
AXON ENTERPRISE, INC. trades at 238.2x trailing earnings, compared to its 15-year median P/E of 81.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 395.4x vs a median of 57.2x. The company's 5-year average ROIC is 7.0% with a gross margin of 60.9%. At current prices, the estimated annualized return to fair value is +38.4%.
AXON ENTERPRISE, INC. (AXON) has a current P/E ratio of 238.2, compared to its historical median P/E of 81.3. The stock is currently considered Expensive based on its historical valuation range.
AXON ENTERPRISE, INC. (AXON) has a 5-year average return on invested capital (ROIC) of 7.0%. This is below average and may indicate limited pricing power.
AXON ENTERPRISE, INC. (AXON) has a market capitalization of $29.7B. It is classified as a large-cap stock.
AXON ENTERPRISE, INC. (AXON) does not currently pay a regular dividend.
Based on historical P/E analysis, AXON ENTERPRISE, INC. (AXON) appears expensive. The current P/E of 238.2 is 193% above its historical median of 81.3. The estimated fair value CAGR (P/E method) is 84.2%.
AXON ENTERPRISE, INC. (AXON) operates in the Ordnance & Accessories, (No Vehicles/Guided Missiles) industry, within the Industrials sector.
AXON ENTERPRISE, INC. (AXON) reported annual revenue of $2.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
AXON ENTERPRISE, INC. (AXON) has a net profit margin of 4.5%. This is a modest margin.
AXON ENTERPRISE, INC. (AXON) generated $75 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AXON ENTERPRISE, INC. (AXON) has a debt-to-equity ratio of 0.61. This indicates moderate leverage.
AXON ENTERPRISE, INC. (AXON) reported earnings per share (EPS) of $1.51 in its most recent fiscal year.
AXON ENTERPRISE, INC. (AXON) has a return on equity (ROE) of 4.5%. This indicates moderate shareholder returns.
AXON ENTERPRISE, INC. (AXON) has a 5-year average gross margin of 60.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for AXON ENTERPRISE, INC. (AXON), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AXON ENTERPRISE, INC. (AXON) has a book value per share of $39.28, based on its most recent annual SEC filing.