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Axon EnterpriseAXON

Aerospace & Defense · Scottsdale, Arizona · In the S&P 500
Solid businessPricier than peers
$427.77−2.35%After hours: $427.48 (−0.07%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 43.7% over 1 year
Axon Enterprise over 1 yearDaily close, $, to 30 Oct 2026
$600Nov2026MarMayJulSep$427.77$600NovMarJul$427.77
Source: Nasdaq daily closes
Market value$34.75B
Price to earnings177.2x
Forward P/E48.1x
Dividend yield–
Year to date−24.7%
One year−43.7%
Next earningsThu 5 Nov, after the close
SectorIndustrials
52-week range (closes)
$345.94$738.88

Quality and valuation

How Axon Enterprise compares with other industrials stocks. A description, not a recommendation.

Axon Enterprise and 7 aerospace & defense peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among industrials companies, priced above most of them.

Axon Enterprise trades at 48.1 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +34.6% vs +8.2%
  • Keeps more of each sale (gross margin): 59.4% vs 38.1%
  • Less profitable (operating margin): 0.7% vs 17.5%
  • Turns less of its sales into cash: 4.1% vs 13.1%
AXON trades at 48.1x forward earnings, above the sector medianForward p/e, Aerospace & Defense peers
NOC19.3xLMT20.6xGD21.3xRTX26.8xHWM33.6xGE35.7xAXON48.1xSector median 21.4xNOC19.3xLMT20.6xGD21.3xRTX26.8xHWM33.6xGE35.7xAXON48.1xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 177.5x earnings, AXON is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
100x300xAverage 176.6x20252026177.5xAverage 176.6x20252026177.5x
Source: Nasdaq prices; SEC filings

Financials

From Axon Enterprise's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 35.3% from a year earlierQuarterly revenue, $m, latest Q2 ’26
$0m$250m$500m$750mQ3 ’24Q1 ’25Q3 ’25$904mQ2 ’26$0m$500mQ3 ’24Q1 ’25Q3 ’25$904mQ2 ’26
Source: SEC filings
Growth sped up to +35.3% last quarterRevenue growth, year on year, %
0%10%20%30%Q3 ’24Q1 ’25Q3 ’2535.3%Q2 ’260%20%Q3 ’24Q1 ’25Q3 ’2535.3%Q2 ’26
Source: SEC filings
Operating margin was 5.2% last quarterOperating income as a share of revenue, %
−5%0%5%Q3 ’24Q1 ’25Q3 ’255.2%Q2 ’26−5%0%5%Q3 ’24Q1 ’25Q3 ’255.2%Q2 ’26
Source: SEC filings
Free cash flow was $133 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
−$100m$0m$100m$200mQ3 ’24Q1 ’25Q3 ’25−$1mQ2 ’26$0m$200mQ3 ’24Q1 ’25Q3 ’25−$1mQ2 ’26
Source: SEC filings
Last 12 monthsAXONSector median
Revenue growth+34.6%+8.2%
Gross margin59.4%38.1%
Operating margin0.7%17.5%
Free cash flow margin4.1%13.1%
Price to earnings177.2x25.8x

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Similar companies

Aerospace & Defense, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
RTXRTX$199.80+0.20%+8.9%$270B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
BABoeing$171.55−0.64%−21.0%$136B
GDGeneral Dynamics$372.59+0.48%+10.7%$101B
HWMHowmet Aerospace$199.22−3.26%−2.8%$79.45B
NOCNorthrop Grumman$557.54−0.86%−2.2%$79.21B
TDGTransDigm Group$1,146.81−2.47%−13.8%$63.39B