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Friday 6 November 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.

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

Quarter to September 2026, against a year earlier

315.50 67.06 −17.53%
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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Axon Enterprise, Inc (AXON) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Axon Enterprise, Inc (AXON) trades at a EV/EBITDA of 169×. Over the past ten years it has ranged from 0.0× (June 2022) to 7,204× (February 2021); the current reading is higher than 70% of that period. That is above the Aerospace & Defense industry median of 16.9× and above the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 2,103× 403.08%
FY2024 418× 308.51%
FY2023 102× 1.88%
FY2022 100× —
FY2021 0.0× —
FY2020 4,208× 461.37%
FY2019 750× 1,153.92%
FY2018 59.8× (4.46%)
FY2017 62.6× 90.86%
FY2016 32.8× 61.78%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 185× (46.77%)
Jun 2026 347× (30.63%)
Mar 2026 500× (76.21%)
Dec 2025 2,103× 74.81%
43 more quarters

Against its own ten years

Low 0.0× High 7,204×
Ten-year median 100×
Current reading's percentile 70

EV/EBITDA against peers

Company EV/EBITDA
RKLB Rocket Lab Corporation compare n/m
LHX L3Harris Technologies Inc compare 14.8×
HONA Honeywell Aerospace inc. compare 15.6×
WWD Woodward, Inc. compare 24.7×
HEI.A Heico Corporation compare 24.8×
ESLT Elbit Systems Ltd. compare 30.9×
HEI Heico Corporation compare 32.8×
ARXS Arxis, Inc. compare 39.5×
AXON Axon Enterprise, Inc 241×
Aerospace & Defense industry median 16.9×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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