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.

428.32 9.73 −2.22%
Market cap
$35.6B
P/E
173×
Fwd P/E
121×
Dividend yield
—
F-score
5/9
Altman Z
8.02
Beneish M
−2.18
Dividend safety
n/a

Axon Enterprise, Inc (AXON) Operating margin

Alert me on Operating margin

Axon Enterprise, Inc's operating margin over the twelve months to 30 June 2026 was 0.74%, up 3.0 percentage points from fiscal 2025 (−2.23%). Over the past ten years it has ranged from −19.5% (fiscal 2021) to 17.9% (fiscal 2015); the current reading is higher than 18% of that period. That is below the Aerospace & Defense industry median of 2.45% and below the Industrials sector median of 5.16%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −2.23% (5.04)
FY2024 2.81% (7.24)
FY2023 10.1% 2.22
FY2022 7.83% 27.30
FY2021 −19.5% (17.39)
FY2020 −2.08% (0.88)
FY2019 −1.20% (7.11)
FY2018 5.91% 2.12
FY2017 3.79% (8.08)
FY2016 11.9% (5.99)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 5.17% 1.55
Mar 2026 3.62% 9.91
Dec 2025 −6.29% (5.99)
Sep 2025 −0.30% (0.15)
42 more quarters

Against its own ten years

Low −19.5% High 17.9%
Ten-year median 3.79%
Current reading's percentile 36

Operating margin against peers

Company Operating margin
HEI.A Heico Corporation compare 24.0%
HEI Heico Corporation compare 24.0%
FTAI FTAI Aviation Ltd. compare 23.9%
ARXS Arxis, Inc. compare 16.5%
LHX L3Harris Technologies Inc compare 10.5%
ESLT Elbit Systems Ltd. compare 9.22%
AXON Axon Enterprise, Inc 0.74%
RKLB Rocket Lab Corporation compare −29.1%
HONA Honeywell Aerospace inc. compare —
Aerospace & Defense industry median 2.45%
Industrials sector median 5.16%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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