Saturday 17 October 2026
Export AXON’s income statement to Excel — free account
Axon Enterprise, Inc
AXON Industrials Aerospace & Defense
Axon Enterprise, Inc’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 33.5% from fiscal 2024. In the quarter to June 2026, revenue grew 35.3%, EPS fell 19.6%, free cash flow grew 99.2% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years.
390.29
26.90
−6.45%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
354.96 | 119.58 | 107.53 | 81.28 | 0.00 | 0.00 | 7,328.00 | 82.55 | 270.92 | 76.81 |
Piotroski F-Score |
5 | 6 | 6 | 5 | 4 | 4 | 3 | 7 | 5 | 6 |
P/S ratio |
15.95 | 21.62 | 11.96 | 10.08 | 12.04 | 11.12 | 8.17 | 5.87 | 4.07 | 4.83 |
Altman Z-Score |
8.02 | 13.51 | 7.78 | 5.63 | 10.50 | 12.48 | 10.09 | 7.55 | 6.91 | 8.38 |
P/FCF ratio |
598.81 | 137.04 | 145.39 | 66.73 | 139.94 | 0.00 | 87.93 | 47.28 | 198.51 | 101.73 |
Altman Z″-Score (non-manufacturers) |
3.38 | 2.73 | 4.81 | 4.12 | 3.95 | 6.31 | 5.71 | 6.53 | 4.36 | 5.74 |
Beneish M-Score |
(2.18) | (2.04) | (2.35) | (2.51) | (2.75) | (2.11) | (2.56) | (1.76) | (2.31) | (2.26) |
P/Operating CF |
204.13 | 179.95 | 133.32 | 91.22 | 803.71 | 220.59 | 94.69 | 78.98 | 57.56 | (1,571.06) |
P/B ratio |
13.68 | 19.34 | 11.55 | 9.43 | 9.92 | 7.75 | 7.98 | 5.28 | 8.36 | 8.58 |
Price to Tangible BV |
26.47 | 32.26 | 12.14 | 9.87 | 10.51 | 8.04 | 8.58 | 5.79 | 10.47 | 10.34 |
EV/Sales |
15.95 | 21.47 | 11.55 | 9.82 | 11.55 | 10.32 | 7.52 | 5.05 | 3.83 | 4.49 |
EV/EBITDA |
2,102.94 | 418.01 | 102.33 | 100.44 | 0.00 | 4,207.89 | 749.57 | 59.78 | 62.57 | 32.78 |
EV/Operating CF |
209.81 | 109.51 | 95.24 | 49.54 | 80.08 | 182.61 | 60.81 | 33.18 | 71.35 | 57.04 |
EV/FCF |
598.76 | 136.11 | 140.38 | 65.05 | 134.25 | (204.91) | 80.96 | 40.62 | 186.89 | 94.74 |
Quick Ratio |
1.71 | 0.91 | 2.28 | 2.21 | 1.83 | 3.09 | 2.54 | 2.89 | 1.28 | 1.65 |
Current Ratio |
2.53 | 1.37 | 3.14 | 3.00 | 2.65 | 3.83 | 3.12 | 3.36 | 1.90 | 2.27 |
Net Debt/EBITDA |
(0.17) | (2.86) | (3.65) | (2.59) | 2.93 | (325.13) | (64.52) | (9.86) | (3.89) | (2.42) |
Debt/Assets |
24.72% | 15.20% | 19.86% | 23.63% | 1.18% | 1.38% | 0.83% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.53 | 0.29 | 0.42 | 0.53 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.48 | 0.53 | 0.50 | 0.52 | 0.56 | 0.61 | 0.68 | 0.79 | 1.12 | 1.06 |
Operating CF/Net income |
1.70 | 1.08 | 1.08 | 1.60 | (2.07) | (22.32) | 74.46 | 2.19 | 3.55 | 1.22 |
Capex/Depreciation |
(1.64) | (1.63) | (3.12) | (2.43) | (2.10) | (4.60) | (1.39) | (1.10) | (1.42) | (1.71) |
Interest Coverage |
(0.66) | 8.25 | 22.42 | 18.59 | (5.42) | (2.83) | (0.80) | 6.21 | 8.14 | 45.50 |
| 4.48% | 19.12% | 12.19% | 12.69% | (5.93%) | (0.23%) | 0.17% | 9.20% | 3.27% | 11.24% | |
| 2.17% | 9.56% | 5.62% | 6.47% | (3.91%) | (0.15%) | 0.11% | 5.52% | 1.69% | 6.81% | |
ROIC |
(1.20%) | 1.81% | 10.08% | 6.00% | (16.82%) | (2.04%) | (2.00%) | 13.17% | 9.52% | 32.20% |
Return on Tangible Assets |
4.84% | 43.49% | 9.59% | 10.71% | (7.24%) | (0.21%) | 0.19% | 6.79% | 4.05% | 14.04% |
Average Days of Receivables |
102.10 | 95.97 | 96.58 | 110.13 | 135.63 | 122.85 | 100.99 | 113.46 | 59.52 | 53.70 |
Research and Development Expense of Revenue |
24.62% | 21.20% | 19.46% | 19.70% | 22.47% | 18.09% | 18.97% | 18.30% | 16.11% | 11.41% |
Selling, General and Administrative Expense of Revenue |
37.27% | 35.59% | 31.71% | 33.64% | 59.65% | 45.12% | 40.12% | 37.35% | 40.34% | 40.29% |
Intangible Assets out of Total Assets |
0.22 | 0.21 | 0.02 | 0.02 | 0.04 | 0.03 | 0.04 | 0.06 | 0.10 | 0.09 |
Share Based Compensation of Revenue |
22.82% | 18.37% | 8.42% | 8.94% | 35.13% | 19.61% | 14.79% | 5.21% | 4.54% | 3.49% |
Graham Net Nets |
0.00 | 0.00 | 0.03 | 0.02 | 0.05 | 0.08 | 0.07 | 0.12 | 0.02 | 0.04 |
Graham Number |
38.67 | 58.62 | 33.86 | 28.83 | 0.00 | 0.00 | 1.44 | 9.94 | 2.65 | 4.54 |
Earnings Yield |
0.28% | 0.84% | 0.93% | 1.23% | (0.59%) | (0.04%) | 0.01% | 1.21% | 0.37% | 1.30% |
Free Cash Flow Yield |
0.17% | 0.73% | 0.69% | 1.50% | 0.71% | (0.45%) | 1.14% | 2.11% | 0.50% | 0.98% |
Revenue per Share |
35.60 | 27.49 | 21.04 | 16.70 | 13.04 | 11.02 | 8.97 | 7.45 | 6.52 | 5.09 |
Operating CF per Share |
2.71 | 5.39 | 2.55 | 3.31 | 1.88 | 0.62 | 1.11 | 1.13 | 0.35 | 0.40 |
Capex per Share |
(1.75) | (1.04) | (0.81) | (0.79) | (0.76) | (1.18) | (0.28) | (0.21) | (0.22) | (0.16) |
Free Cash Flow per Share |
0.96 | 4.35 | 1.74 | 2.52 | 1.12 | (0.56) | 0.83 | 0.93 | 0.13 | 0.24 |
Cash per Share |
22.20 | 13.02 | 17.80 | 13.71 | 6.69 | 9.10 | 5.93 | 6.20 | 1.55 | 1.69 |
Shareholders Equity per Share |
41.53 | 30.73 | 21.78 | 17.84 | 15.83 | 15.80 | 9.18 | 8.29 | 3.18 | 2.86 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
41.53 | 30.73 | 21.78 | 17.84 | 15.83 | 15.80 | 9.18 | 8.29 | 3.18 | 2.86 |
Free Cash Flow |
75.08 | 329.53 | 128.99 | 179.25 | 74.26 | (34.29) | 49.33 | 52.18 | 7.05 | 12.73 |
Working Capital |
2,242.91 | 619.61 | 1,632.10 | 1,202.63 | 690.97 | 725.62 | 413.91 | 392.14 | 97.24 | 99.19 |
Capital Expenditures |
(136.26) | (78.78) | (60.27) | (56.11) | (50.23) | (72.77) | (16.34) | (11.70) | (11.42) | (8.41) |
Net Current Asset Value |
(44.60) | 150.56 | 600.23 | 221.88 | 469.13 | 577.18 | 307.33 | 305.94 | 34.52 | 49.96 |
EV/EBIT |
0.00 | 763.80 | 114.93 | 125.41 | 0.00 | 0.00 | 0.00 | 85.32 | 101.20 | 37.85 |
Capex to Sales |
0.05 | 0.04 | 0.04 | 0.05 | 0.06 | 0.11 | 0.03 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
0.00 | 769.02 | 119.03 | 128.65 | 0.00 | 0.00 | 0.00 | 99.32 | 107.49 | 40.64 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.25 | 0.20 | 0.10 | 0.14 | 0.17 | 0.15 | 0.27 | 0.28 | 0.26 | 0.21 |
Cash ROIC |
1.12% | 8.25% | 3.57% | 6.14% | 4.91% | (2.20%) | 5.47% | 6.39% | 2.83% | 5.30% |
Accounts Receivable Turnover |
4.20 | 4.34 | 4.05 | 3.50 | 3.14 | 3.62 | 3.83 | 4.50 | 7.20 | 7.99 |
Accounts Payable Turnover |
10.63 | 12.21 | 9.62 | 10.01 | 11.44 | 10.58 | 10.90 | 13.60 | 14.15 | 10.82 |
Inventory Turnover |
3.69 | 3.14 | 2.56 | 2.96 | 3.25 | 4.11 | 6.16 | 4.08 | 3.40 | 3.86 |
Average Days of Payables |
45.27 | 31.22 | 39.71 | 47.44 | 36.47 | 33.29 | 42.24 | 34.27 | 22.94 | 40.11 |
Days of Inventory on Hand |
111.25 | 115.13 | 162.74 | 160.30 | 123.02 | 124.06 | 63.42 | 76.31 | 121.39 | 130.15 |
Average Receivables |
662.53 | 480.27 | 385.58 | 339.50 | 275.01 | 188.04 | 138.73 | 93.32 | 47.77 | 33.58 |
Average Payables |
105.52 | 68.90 | 62.89 | 46.07 | 28.18 | 25.01 | 20.52 | 11.88 | 9.66 | 9.03 |
Average Inventory |
303.56 | 267.59 | 236.16 | 155.58 | 99.32 | 64.40 | 36.30 | 39.61 | 40.15 | 25.30 |
Average Assets |
5,737.45 | 3,941.88 | 3,130.53 | 2,270.05 | 1,534.62 | 1,113.33 | 782.59 | 528.83 | 308.14 | 254.02 |
Average Common Equity |
2,785.16 | 1,971.72 | 1,442.13 | 1,158.17 | 1,012.05 | 759.87 | 505.41 | 317.38 | 159.17 | 153.95 |
Columns are period end dates