AXON

Axon Enterprise
D

AXON

Arincen51/100B

If you had invested in Axon Enterprise ago, it would be worth $11,299 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

51/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Axon Enterprise key facts

Style
Growth stock · 9.5/10Growth 9.5 · Value 2.7
Day range
301.17 – 307.58
52-week range
301.17 – 665.07
Market capitalization
24.78B USD
P/E
94.78
PEG ratio
0.92
EPS
3.21
EPS growth forecast (FY2026)
+5.0%
Volume
9,554
Beta
1.44
ESG score
66.3/100Environment 66 · Social 63 · Governance 70
Sector
Industrials
Industry
Aerospace & Defense
CEO
Patrick W. Smith
Employees
5K
Website
axon.com
IPO date
7 Jun 2001

Axon Enterprise earnings

Next earnings · Q4 FY2026
EPS estimate
1.98 USD
Revenue estimate
1.00B USD
Last quarter · Q3 FY2026
EPS1.72Missed -9.0%Revenue908.55MMissed -2.8%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20272.43——+41.10%1.16B——+27.64%
Q2 FY20272.20——+17.12%1.13B——+25.31%
Q1 FY20271.93——+19.96%1.02B——+26.10%
Q4 FY20261.98——-7.91%1.00B——+26.14%
Q3 FY20261.891.72-8.99%+47.01%934.33M908.55M-2.76%+27.85%
Q2 FY20261.841.88+2.17%-11.32%876.42M904.39M+3.19%+35.28%
Q1 FY20261.601.61+0.63%+14.18%780.66M807.35M+3.42%+33.75%
Q4 FY20251.602.15+34.37%+3.37%755.56M796.72M+5.45%+38.53%
Q3 FY20251.521.17-23.03%-19.31%704.84M710.64M+0.82%+30.57%
Q2 FY20251.452.12+46.21%+76.67%641.02M668.54M+4.29%+32.62%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Axon Enterprise analyst forecast

12-month price target
612.56 USD
+101.33%

Analysts' 1-year price targets range from 500.00 to 715.00, with an average of 612.56.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
11 ratings
Buy
10
Hold
1
Sell
0

12-month price target

Highest target715.00
Average target612.56
Lowest target500.00
Current price304.25

Axon Enterprise valuation

Price to earnings ratio (TTM)
94.78
Forward P/E (FY2026)
42.32
Price to sales (TTM)
7.25
Price to book
6.58
EV / EBITDA (TTM)
57.30

Capital structure

Market capitalization
24.78B USD
+
Total debt
2.97B USD
−
Cash and short-term investments
1.66B USD
=
Enterprise value
26.09B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)24.08————
FY2027 (est.)32.2324.08———
FY2026 (est.)42.3232.23———
Now (TTM)94.7833.277.256.5857.30
FY2025354.9679.0216.4314.08236.13
FY2024119.3450.3021.6219.34105.18
FY2023109.0050.3012.2811.89105.14
FY202280.1643.019.919.3055.02
FY2021-172.5378.5312.049.92-81.97

Axon Enterprise against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Rocket Lab USA, HEICO, Honeywell Aerospace, L3Harris Technologies, Woodward, and FTAI Aviation, the US Aerospace & Defense companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median94.8
    54.8359.4
  • Gross marginBelow its median59.7%
    59.6%61.5%
    Against its peers: 1 of 7Peers' median 32.8%
  • Operating marginBelow its median-2.2%
    -18.9%10.0%
    Against its peers: 6 of 7Peers' median 16.5%
  • Net marginBelow its median4.5%
    -7.0%18.1%
    Against its peers: 6 of 7Peers' median 11.3%
  • Return on equityBelow its median3.9%
    -5.7%16.2%
    Against its peers: 6 of 7Peers' median 16.6%
  • Free cash flow marginLowest in 5 years2.7%
    2.7%15.8%
    Against its peers: 5 of 7Peers' median 10.9%
  • Revenue growthAbove its median33.5%
    26.8%37.8%
    Against its peers: 3 of 7Peers' median 14.5%
  • EPS growthLowest in 5 years-68.5%
    -68.5%106.0%
    Against its peers: 5 of 5Peers' median 14.0%
  • Debt to EBITDAHighest in 5 years9.72×
    3.21×9.72×
    Against its peers: 6 of 6Peers' median 1.80×
  • Current ratioBelow its median2.53
    1.373.14
    Against its peers: 4 of 7Peers' median 2.45

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Axon Enterprise growth and profitability

Revenue (TTM)
3.42B USD
Net income (TTM)
258.49M USD
Gross margin
58.53%
Operating margin
1.99%
Net margin
7.56%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20252.78B+33.47%124.91M-66.87%59.65%-2.23%4.49%196.37M-55.07%
FY20242.08B+33.44%377.03M+114.49%59.61%2.81%18.10%437.03M+138.33%
FY20231.56B+31.16%175.78M+19.47%61.22%10.05%11.26%183.37M-16.99%
FY20221.19B+37.82%147.14M—61.23%7.84%12.37%220.90M—
FY2021863.38M+26.78%-60.02M—61.51%-18.90%-6.95%-122.68M-2,052.28%

Axon Enterprise revenue breakdown

By product

FY2025
Software And Sensors: 43.3%TASER X2: 32.9%Axon Body: 14.3%Platform Solutions: 9.6%43.3%Software And Sensors32.9%TASER X214.3%Axon Body9.6%Platform Solutions
SegmentRevenueShare of revenueChange on the year
Software And Sensors1.20B43.3%+26.5%
TASER X2913.88M32.9%—
Axon Body397.04M14.3%—
Platform Solutions265.95M9.6%—

By region

FY2025
United States: 82.9%Non-US: 17.1%82.9%United States17.1%Non-US
RegionRevenueShare of revenueChange on the year
United States2.31B82.9%+29.8%
Non-US474.52M17.1%+54.4%

Axon Enterprise financial health

Cash and short-term investments
1.66B USD
Total debt
2.97B USD
Net cash
-1.31B USD
Free cash flow (TTM)
80.91M USD
Current ratio
3.00
Debt to equity
0.79
Piotroski score
4 / 9
Altman Z-score
4.78

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.71B1.91B75.08M
FY2024986.35M1.40B329.53M
FY20231.32B710.66M129.63M
FY2022974.69M711.11M179.25M
FY2021443.02M20.44M74.22M

Axon Enterprise ownership

Institutions
91.06%
Institutional holders
1,192 (+83)
Free float
93.93%

Who owns the shares

Institutions 91.1% Others 8.9%
As of 30 Jun 2026

Shares free to trade

Free float 76.49M shares ·93.9% Closely held 4.94M shares ·6.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026000.005.85K
Q3 20260121405.24K90.17K
Q2 20260344.94K54.84K
Q1 20260700.0077.05K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY202580.40M82.37M+4.85%
FY202475.75M78.56M+4.11%
FY202374.20M75.46M+4.03%
FY202271.09M72.53M+9.58%
FY202166.19M66.19M+7.14%

Source: Financial Modeling Prep

Related Instruments

Title: Axon Enterprise

Sector: Industrials
Industry: Aerospace & Defense
Axon was founded in 1993, but its roots trace back to the invention of the Taser in 1974 by Jack Cover. Over the decades, Axon has expanded its product suite to include police body-worn cameras, a cloud-based evidence repository, AI-drivenreport-drafting software, drones and counter-drone sensors, and 911 dispatching software. The firm sells its products to end markets such as local and federal law enforcement, enterprise, corrections, and healthcare. It derives around four-fifths of its revenue from the US, with the remainder from international countries.

Common questions about Axon Enterprise stock