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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.

422.89 5.58 +1.34%
Market cap
$33.9B
P/E
171×
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/FCF

Alert me on EV/FCF

As of 9 October 2026, Axon Enterprise, Inc (AXON) trades at a EV/FCF of 266×. Over the past ten years it has ranged from −631× (June 2017) to 2,280× (June 2026); the current reading is higher than 87% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 599× 339.91%
FY2024 136× (3.04%)
FY2023 140× 115.80%
FY2022 65.0× (51.55%)
FY2021 134× —
FY2020 −205× —
FY2019 81.0× 99.30%
FY2018 40.6× (78.27%)
FY2017 187× 97.27%
FY2016 94.7× 364.09%

Quarterly newest first

Period EV/FCF Change
Jun 2026 350× (81.56%)
Mar 2026 1,896× 216.61%
Dec 2025 599× 55.18%
Sep 2025 386× 5.66%
42 more quarters

Against its own ten years

Low −631× High 2,280×
Ten-year median 108×
Current reading's percentile 83

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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