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) Gross margin

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Axon Enterprise, Inc's gross margin over the twelve months to 30 June 2026 was 59.4%, down 0.2 percentage points from fiscal 2025 (59.7%). Over the past ten years it has ranged from 57.9% (fiscal 2019) to 65.0% (fiscal 2015); the current reading is higher than 27% of that period. That is above the Aerospace & Defense industry median of 25.5% and above the Industrials sector median of 30.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 59.7% 0.04
FY2024 59.6% (1.61)
FY2023 61.2% 0.06
FY2022 61.2% (1.49)
FY2021 62.7% 1.52
FY2020 61.1% 3.25
FY2019 57.9% (3.68)
FY2018 61.6% 1.32
FY2017 60.2% (3.33)
FY2016 63.6% (1.44)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 60.4% 1.30
Mar 2026 59.1% 1.22
Dec 2025 57.9% (2.24)
Sep 2025 60.1% (0.25)
42 more quarters

Against its own ten years

Low 57.9% High 65.0%
Ten-year median 61.2%
Current reading's percentile 21

Gross margin against peers

Company Gross margin
TDG Transdigm Group Incorporated compare 59.6%
AXON Axon Enterprise, Inc 59.4%
HEI Heico Corporation compare 40.4%
HEI.A Heico Corporation compare 40.4%
CW Curtiss-Wright Corporation compare 37.7%
RKLB Rocket Lab Corporation compare 37.3%
WWD Woodward, Inc. compare 29.5%
LHX L3Harris Technologies Inc compare 25.5%
ESLT Elbit Systems Ltd. compare 25.0%
Aerospace & Defense industry median 25.5%
Industrials sector median 30.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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