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: −156.6%
Total debt: +0.19%

Quarter to September 2026, against a year earlier

312.81 69.75 −18.23%

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Market cap: $31.1B
P/E: 97.4×
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/S ratio

Alert me on P/S ratio

As of 6 November 2026, Axon Enterprise, Inc (AXON) trades at a P/S ratio of 7.4×. Over the past ten years it has ranged from 3.4× (November 2017) to 28.4× (August 2025); the current reading is higher than 30% of that period. That is above the Aerospace & Defense industry median of 3.0× and above the Industrials sector median of 1.5×.

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

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%

Period	P/S ratio	Change
Sep 2026	10.0×	(28.58%)
Jun 2026	14.0×	22.98%
Mar 2026	11.4×	(28.48%)
Dec 2025	16.0×	(27.48%)
43 more quarters	Free account

Against its own ten years

Low 3.4× High 28.4×

Ten-year median 9.7×

Current reading's percentile 28

Company	P/S ratio
LHX L3Harris Technologies Inc compare	2.1×
HONA Honeywell Aerospace inc. compare	2.7×
ESLT Elbit Systems Ltd. compare	3.7×
WWD Woodward, Inc. compare	4.5×
HEI.A Heico Corporation compare	6.7×
AXON Axon Enterprise, Inc	7.4×
HEI Heico Corporation compare	9.0×
ARXS Arxis, Inc. compare	10.8×
RKLB Rocket Lab Corporation compare	43.2×
Aerospace & Defense industry median	3.0×
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 →

Axon Enterprise, Inc (AXON) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

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P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on AXON

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