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.

390.29 26.90 −6.45%
Market cap
$33.9B
P/E
157×
Fwd P/E
136×
Dividend yield
—
F-score
5/9
Altman Z
8.02
Beneish M
−2.18
Dividend safety
n/a

Axon Enterprise, Inc (AXON) P/S ratio

Alert me on 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

Against its own ten years

Low 3.4× High 28.4×
Ten-year median 9.7×
Current reading's percentile 48

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)

The full definition of P/S ratio →

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