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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%
Market cap
$33.9B
P/E
157×
Fwd P/E
136×
Dividend yield
—
F-score
5/9
Altman Z
8.02
Beneish M
−2.18
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Axon Enterprise, Inc (AXON) Debt to equity

Alert me on Debt to equity

Axon Enterprise, Inc's debt to equity at the end of the quarter to 30 June 2026 was 0.5×, down 0.1× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.0× (fiscal 2018) to 0.5× (fiscal 2025) — the current reading is the highest in ten years. That is above the Aerospace & Defense industry median of 0.2× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× 82.55%
FY2024 0.3× (30.26%)
FY2023 0.4× (21.12%)
FY2022 0.5× 2,681.68%
FY2021 0.0× (2.05%)
FY2020 0.0× 51.16%
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.5× (3.78%)
Mar 2026 0.5× (8.21%)
Dec 2025 0.5× (6.58%)
Sep 2025 0.6× (9.71%)
42 more quarters

Against its own ten years

Low 0.0× High 0.5×
Ten-year median 0.0×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
TDG Transdigm Group Incorporated compare −3.3×
RKLB Rocket Lab Corporation compare 0.0×
ESLT Elbit Systems Ltd. compare 0.1×
CW Curtiss-Wright Corporation compare 0.3×
AXON Axon Enterprise, Inc 0.5×
HEI.A Heico Corporation compare 0.5×
HEI Heico Corporation compare 0.5×
WWD Woodward, Inc. compare 0.5×
LHX L3Harris Technologies Inc compare 0.6×
Aerospace & Defense industry median 0.2×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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