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.
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Axon Enterprise, Inc (AXON) Free cash flow
Axon Enterprise, Inc's free cash flow for fiscal 2025 was $75.1M, down 77.2% from $329.5M in fiscal 2024. Over the twelve months to 30 June 2026 it was $133.2M. Over the past ten years it has ranged from −$34.3M (fiscal 2020) to $329.5M (fiscal 2024); the current reading is higher than 73% of that period. Axon Enterprise, Inc ranks 25th of 82 Aerospace & Defense companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $75.1M | (77.22%) |
| FY2024 | $329.5M | 155.46% |
| FY2023 | $129.0M | (28.04%) |
| FY2022 | $179.3M | 141.39% |
| FY2021 | $74.3M | — |
| FY2020 | −$34.3M | — |
| FY2019 | $49.3M | (5.46%) |
| FY2018 | $52.2M | 639.90% |
| FY2017 | $7.1M | (44.58%) |
| FY2016 | $12.7M | (68.17%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | −$972.0K | — |
| Mar 2026 | −$54.6M | — |
| Dec 2025 | $155.4M | 365.64% |
| Sep 2025 | $33.4M | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LHX L3Harris Technologies Inc compare | $2.8B |
| TDG Transdigm Group Incorporated compare | $1.9B |
| HEI Heico Corporation compare | $1.0B |
| HEI.A Heico Corporation compare | $1.0B |
| ESLT Elbit Systems Ltd. compare | $683.5M |
| CW Curtiss-Wright Corporation compare | $635.2M |
| WWD Woodward, Inc. compare | $376.5M |
| AXON Axon Enterprise, Inc | $133.2M |
| RKLB Rocket Lab Corporation compare | −$370.2M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- Price to free cash flow
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