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.
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Axon Enterprise, Inc (AXON) P/S ratio
As of 16 October 2026, Axon Enterprise, Inc (AXON) trades at a P/S ratio of 9.8×. Over the past ten years it has ranged from 3.4× (November 2017) to 28.4× (August 2025); the current reading is higher than 51% of that period. That is above the Aerospace & Defense industry median of 3.6× and above the Industrials sector median of 1.5×.
P/S ratio, daily
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Annual newest first
| Period | P/S ratio | Change |
|---|---|---|
| FY2025 | 16.0× | (26.20%) |
| FY2024 | 21.6× | 80.71% |
| FY2023 | 12.0× | 18.73% |
| FY2022 | 10.1× | (16.29%) |
| FY2021 | 12.0× | 8.28% |
| FY2020 | 11.1× | 36.05% |
| FY2019 | 8.2× | 39.12% |
| FY2018 | 5.9× | 44.24% |
| FY2017 | 4.1× | (15.63%) |
| FY2016 | 4.8× | 3.15% |
Quarterly newest first
| Period | P/S ratio | Change |
|---|---|---|
| Jun 2026 | 14.0× | 22.98% |
| Mar 2026 | 11.4× | (28.48%) |
| Dec 2025 | 16.0× | (27.48%) |
| Sep 2025 | 22.0× | (18.53%) |
| 42 more quarters | Free account |
Against its own ten years
P/S ratio against peers
| Company | P/S ratio |
|---|---|
| LHX L3Harris Technologies Inc compare | 2.0× |
| ESLT Elbit Systems Ltd. compare | 4.1× |
| WWD Woodward, Inc. compare | 4.7× |
| CW Curtiss-Wright Corporation compare | 5.1× |
| HEI.A Heico Corporation compare | 6.3× |
| TDG Transdigm Group Incorporated compare | 6.5× |
| HEI Heico Corporation compare | 8.4× |
| AXON Axon Enterprise, Inc | 9.8× |
| RKLB Rocket Lab Corporation compare | 41.6× |
| Aerospace & Defense industry median | 3.6× |
| Industrials sector median | 1.5× |
| Market median | 1.9× |
What P/S ratio is
Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.
(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)
More on AXON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement