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.

Revenue
+27.9%
EPS
+2,433.3%
Free cash flow
+99.2%
Total debt
+0.19%

Quarter to September 2026, against a year earlier

385.55 38.63 −9.11%
Market cap
$31.1B
P/E
120×
Fwd P/E
123×
Dividend yield
—
F-score
5/9
Altman Z
8.02
Beneish M
−2.18
Dividend safety
n/a

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 September 2026 was 0.0×, down 0.5× 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
Sep 2026 0.0× —
Jun 2026 0.5× (3.78%)
Mar 2026 0.5× (8.21%)
Dec 2025 0.5× (6.58%)
43 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
HONA Honeywell Aerospace inc. compare −6.4×
RKLB Rocket Lab Corporation compare 0.0×
ESLT Elbit Systems Ltd. compare 0.1×
ARXS Arxis, Inc. 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 0.5×
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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