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.
Follow AXON
Axon Enterprise, Inc (AXON) Free cash flow margin
Axon Enterprise, Inc's free cash flow margin over the twelve months to 30 June 2026 was 4.14%, up 1.4 percentage points from fiscal 2025 (2.70%). Over the past ten years it has ranged from −5.04% (fiscal 2020) to 20.2% (fiscal 2015); the current reading is higher than 27% of that period. That is above the Aerospace & Defense industry median of 1.43% and above the Industrials sector median of 2.43%.
Free cash flow margin, annual
Embed this chart
Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 2.70% | (13.12) |
| FY2024 | 15.8% | 7.55 |
| FY2023 | 8.27% | (6.83) |
| FY2022 | 15.1% | 6.50 |
| FY2021 | 8.60% | 13.64 |
| FY2020 | −5.04% | (14.33) |
| FY2019 | 9.29% | (3.13) |
| FY2018 | 12.4% | 10.37 |
| FY2017 | 2.05% | (2.69) |
| FY2016 | 4.74% | (15.46) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| HEI Heico Corporation compare | 19.9% |
| HEI.A Heico Corporation compare | 19.9% |
| TDG Transdigm Group Incorporated compare | 19.3% |
| CW Curtiss-Wright Corporation compare | 17.4% |
| LHX L3Harris Technologies Inc compare | 12.2% |
| WWD Woodward, Inc. compare | 8.98% |
| ESLT Elbit Systems Ltd. compare | 8.00% |
| AXON Axon Enterprise, Inc | 4.14% |
| RKLB Rocket Lab Corporation compare | −48.1% |
| Aerospace & Defense industry median | 1.43% |
| Industrials sector median | 2.43% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on AXON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement