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

315.50 67.06 −17.53%
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

Axon Enterprise, Inc (AXON) Gross margin

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Axon Enterprise, Inc's gross margin over the twelve months to 30 September 2026 was 58.5%, down 1.1 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 26.4% and above the Industrials sector median of 30.6%.

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)
Sep 2026 56.7% (3.74)
Jun 2026 60.4% 1.30
Mar 2026 59.1% 1.22
Dec 2025 57.9% (2.24)
43 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
AXON Axon Enterprise, Inc 59.4%
ARXS Arxis, Inc. compare 51.8%
HEI Heico Corporation compare 40.4%
HEI.A Heico Corporation compare 40.4%
RKLB Rocket Lab Corporation compare 37.3%
HONA Honeywell Aerospace inc. compare 36.2%
WWD Woodward, Inc. compare 29.5%
LHX L3Harris Technologies Inc compare 25.6%
ESLT Elbit Systems Ltd. compare 25.0%
Aerospace & Defense industry median 26.4%
Industrials sector median 30.6%
Market median 45.1%

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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