Axon Enterprise, Inc (AXON) vs Elbit Systems Ltd. (ESLT)

Axon Enterprise, Inc and Elbit Systems Ltd. are both Aerospace & Defense companies. Axon Enterprise, Inc and Elbit Systems Ltd. are of similar size ($36.2B and $32.9B). Elbit Systems Ltd. trades at the lower P/E: 53.7× against 173×. Axon Enterprise, Inc grew revenue faster over the last twelve months: 34.6% against 13.7%. Elbit Systems Ltd. has the higher net margin (7.44% vs 6.19%) and the higher return on invested capital (13.3% vs 0.32%). Across the 22 metrics below, Elbit Systems Ltd. leads on 17 and Axon Enterprise, Inc on 5.

Valuation

Metric AXON ESLT Aerospace & Defense median
P/E 173.43 53.73 33.00
P/S 10.77 4.02 3.63
P/B 9.43 8.07 3.24
Price to free cash flow 262.21 50.29 34.01
EV/EBITDA 268.08 34.80 18.69
EV/Sales 11.09 3.94 3.94
Earnings yield 0.58% 1.86% 1.31%
Free cash flow yield 0.38% 1.99% 0.00%

Profitability

Metric AXON ESLT Aerospace & Defense median
Gross margin 59.41% 25.03% 25.48%
Operating margin 0.74% 9.22% 4.54%
Net margin 6.19% 7.44% 2.22%
Free cash flow margin 4.14% 8.00% 0.00%
Return on equity 6.22% 0.00% 6.43%
Return on assets 2.91% 4.90% 2.70%
Return on invested capital 0.32% 13.26% 1.56%

Growth

Metric AXON ESLT Aerospace & Defense median
Revenue growth (TTM) 34.60% 13.70% 18.43%
EPS growth (last fiscal year) (68.54%) 58.64% —
Revenue growth, 5-year CAGR 32.48% 11.23% 9.62%
Net income growth, 5-year CAGR 0.00% 17.59% 0.00%

Health

Metric AXON ESLT Aerospace & Defense median
Debt to equity 0.47 0.06 0.24
Current ratio 2.15 1.39 2.72
Net debt to EBITDA (0.17) (0.57) 1.12

Dividend

Metric AXON ESLT Aerospace & Defense median
Dividend yield — 0.98% 1.04%
Payout ratio 0.00 0.34 0.00

Size

Metric AXON ESLT Aerospace & Defense median
Market cap 36.23b 32.94b 2.52b

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