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

Axon Enterprise, Inc (AXON) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Axon Enterprise, Inc (AXON) trades at a EV/EBITDA of 244×. Over the past ten years it has ranged from 0.0× (June 2022) to 7,204× (February 2021); the current reading is higher than 77% of that period. That is above the Aerospace & Defense industry median of 18.1× and above the Industrials sector median of 12.6×.

EV/EBITDA, daily

Embed this chart

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
Jun 2026 347× (30.63%)
Mar 2026 500× (76.21%)
Dec 2025 2,103× 74.81%
Sep 2025 1,203× 23.52%
42 more quarters

Against its own ten years

Low 0.0× High 7,204×
Ten-year median 99.6×
Current reading's percentile 77

EV/EBITDA against peers

Company EV/EBITDA
RKLB Rocket Lab Corporation compare n/m
LHX L3Harris Technologies Inc compare 15.1×
TDG Transdigm Group Incorporated compare 19.0×
CW Curtiss-Wright Corporation compare 23.6×
HEI.A Heico Corporation compare 23.8×
WWD Woodward, Inc. compare 26.3×
HEI Heico Corporation compare 31.2×
ESLT Elbit Systems Ltd. compare 35.8×
AXON Axon Enterprise, Inc 244×
Aerospace & Defense industry median 18.1×
Industrials sector median 12.6×
Market median 11.0×

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 →

More on AXON