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/Sales

Alert me on EV/Sales

As of 16 October 2026, Axon Enterprise, Inc (AXON) trades at a EV/Sales of 10.1×. Over the past ten years it has ranged from 3.2× (November 2017) to 28.2× (August 2025); the current reading is higher than 57% of that period. That is above the Aerospace & Defense industry median of 3.4× and above the Industrials sector median of 1.9×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 16.0× (25.70%)
FY2024 21.5× 85.89%
FY2023 11.6× 17.60%
FY2022 9.8× (14.94%)
FY2021 11.5× 11.90%
FY2020 10.3× 37.16%
FY2019 7.5× 49.10%
FY2018 5.0× 31.62%
FY2017 3.8× (14.70%)
FY2016 4.5× 8.97%

Quarterly newest first

Period EV/Sales Change
Jun 2026 14.4× 22.24%
Mar 2026 11.7× (26.39%)
Dec 2025 16.0× (26.55%)
Sep 2025 21.7× (18.93%)
42 more quarters

Against its own ten years

Low 3.2× High 28.2×
Ten-year median 9.1×
Current reading's percentile 53

EV/Sales against peers

Company EV/Sales
LHX L3Harris Technologies Inc compare 2.4×
ESLT Elbit Systems Ltd. compare 4.1×
WWD Woodward, Inc. compare 4.9×
CW Curtiss-Wright Corporation compare 5.2×
HEI.A Heico Corporation compare 6.7×
HEI Heico Corporation compare 8.8×
TDG Transdigm Group Incorporated compare 9.5×
AXON Axon Enterprise, Inc 10.1×
RKLB Rocket Lab Corporation compare 38.7×
Aerospace & Defense industry median 3.4×
Industrials sector median 1.9×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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