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%

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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) Price to free cash flow

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As of 5 November 2026, Axon Enterprise, Inc (AXON) trades at a price to free cash flow of 391×. Over the past ten years it has ranged from 0.0× (March 2021) to 2,297× (June 2021); the current reading is higher than 93% of that period. That is above the Aerospace & Defense industry median of 31.7× and above the Industrials sector median of 19.6×.

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

Period	Price to free cash flow	Change
FY2025	599×	336.95%
FY2024	137×	(5.74%)
FY2023	145×	117.89%
FY2022	66.7×	(52.32%)
FY2021	140×	—
FY2020	0.0×	—
FY2019	87.9×	85.96%
FY2018	47.3×	(76.18%)
FY2017	199×	95.13%
FY2016	102×	339.32%

Period	Price to free cash flow	Change
Sep 2026	429×	25.42%
Jun 2026	342×	(81.45%)
Mar 2026	1,842×	207.60%
Dec 2025	599×	53.22%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 2,297×

Ten-year median 115×

Current reading's percentile 93

Company	Price to free cash flow
HONA Honeywell Aerospace inc. compare	n/m
RKLB Rocket Lab Corporation compare	n/m
LHX L3Harris Technologies Inc compare	13.2×
HEI.A Heico Corporation compare	33.0×
HEI Heico Corporation compare	44.3×
ESLT Elbit Systems Ltd. compare	44.8×
WWD Woodward, Inc. compare	48.5×
ARXS Arxis, Inc. compare	51.2×
AXON Axon Enterprise, Inc	235×
Aerospace & Defense industry median	31.7×
Industrials sector median	19.6×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Axon Enterprise, Inc (AXON) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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