Friday 6 November 2026 Export AXON’s income statement to Excel — free account

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

385.55 38.63 −9.11%

Follow AXON

Alert me

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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Axon Enterprise, Inc (AXON) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Axon Enterprise, Inc (AXON) trades at a P/B ratio of 8.3×. Over the past ten years it has ranged from 4.9× (January 2016) to 24.9× (December 2024); the current reading is higher than 34% of that period. That is above the Aerospace & Defense industry median of 2.7× and above the Industrials sector median of 2.2×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/AXON/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Axon Enterprise, Inc P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/AXON/metrics/pb-ratio">Axon Enterprise, Inc (AXON) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	13.7×	(29.29%)
FY2024	19.3×	67.38%
FY2023	11.6×	22.54%
FY2022	9.4×	(4.92%)
FY2021	9.9×	27.90%
FY2020	7.8×	(2.84%)
FY2019	8.0×	51.17%
FY2018	5.3×	(36.85%)
FY2017	8.4×	(2.56%)
FY2016	8.6×	45.49%

Period	P/B ratio	Change
Sep 2026	9.1×	(25.97%)
Jun 2026	12.3×	27.63%
Mar 2026	9.6×	(29.57%)
Dec 2025	13.7×	(26.42%)
43 more quarters	Free account

Against its own ten years

Low 4.9× High 24.9×

Ten-year median 9.2×

Current reading's percentile 38

Company	P/B ratio
HONA Honeywell Aerospace inc. compare	n/m
LHX L3Harris Technologies Inc compare	2.4×
ARXS Arxis, Inc. compare	3.8×
HEI.A Heico Corporation compare	6.8×
ESLT Elbit Systems Ltd. compare	7.2×
WWD Woodward, Inc. compare	7.4×
RKLB Rocket Lab Corporation compare	8.4×
AXON Axon Enterprise, Inc	8.5×
HEI Heico Corporation compare	9.1×
Aerospace & Defense industry median	2.7×
Industrials sector median	2.2×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Axon Enterprise, Inc (AXON) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on AXON

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on AXON

Stockrow Weekly