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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

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Axon Enterprise, Inc (AXON) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Axon Enterprise, Inc (AXON) trades at a EV/Sales of 9.4×. Over the past ten years it has ranged from 3.2× (November 2017) to 28.2× (August 2025); the current reading is higher than 53% of that period. That is above the Aerospace & Defense industry median of 2.7× and above the Industrials sector median of 1.8×.

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
Sep 2026 10.3× (28.07%)
Jun 2026 14.4× 22.24%
Mar 2026 11.7× (26.39%)
Dec 2025 16.0× (26.55%)
43 more quarters

Against its own ten years

Low 3.2× High 28.2×
Ten-year median 9.1×
Current reading's percentile 52

EV/Sales against peers

Company EV/Sales
LHX L3Harris Technologies Inc compare 2.4×
HONA Honeywell Aerospace inc. compare 3.4×
ESLT Elbit Systems Ltd. compare 3.5×
WWD Woodward, Inc. compare 4.6×
HEI.A Heico Corporation compare 7.0×
HEI Heico Corporation compare 9.3×
AXON Axon Enterprise, Inc 10.0×
ARXS Arxis, Inc. compare 11.2×
RKLB Rocket Lab Corporation compare 35.3×
Aerospace & Defense industry median 2.7×
Industrials sector median 1.8×
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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