Axon Enterprise, Inc (AXON) vs Heico Corporation (HEI)

Axon Enterprise, Inc and Heico Corporation are both Aerospace & Defense companies. Axon Enterprise, Inc and Heico Corporation are of similar size ($36.7B and $33.9B). Heico Corporation trades at the lower P/E: 51.0× against 157×. Axon Enterprise, Inc grew revenue faster over the last twelve months: 34.6% against 20.7%. Heico Corporation has the higher net margin (16.4% vs 6.19%) and the higher return on invested capital (10.6% vs 0.32%). Across the 22 metrics below, Heico Corporation leads on 16 and Axon Enterprise, Inc on 6.

Valuation

Metric AXON HEI Aerospace & Defense median
P/E 157.38 50.97 31.81
P/S 9.77 8.36 3.55
P/B 8.56 8.61 2.59
Price to free cash flow 237.94 42.02 31.99
EV/EBITDA 243.98 31.18 18.08
EV/Sales 10.09 8.81 3.37
Earnings yield 0.64% 1.96% 1.38%
Free cash flow yield 0.42% 2.38% 0.21%

Profitability

Metric AXON HEI Aerospace & Defense median
Gross margin 59.41% 40.40% 25.48%
Operating margin 0.74% 24.04% 4.54%
Net margin 6.19% 16.38% 2.22%
Free cash flow margin 4.14% 19.90% 1.43%
Return on equity 6.22% 18.35% 6.43%
Return on assets 2.91% 9.18% 2.70%
Return on invested capital 0.32% 10.62% 1.56%

Growth

Metric AXON HEI Aerospace & Defense median
Revenue growth (TTM) 34.60% 20.69% 18.43%
EPS growth (last fiscal year) (68.54%) 33.51% 24.27%
Revenue growth, 5-year CAGR 32.48% 20.21% 9.73%
Net income growth, 5-year CAGR 0.00% 17.07% 0.00%

Health

Metric AXON HEI Aerospace & Defense median
Debt to equity 0.47 0.51 0.24
Current ratio 2.15 2.72 2.72
Net debt to EBITDA (0.17) 1.61 1.12

Dividend

Metric AXON HEI Aerospace & Defense median
Dividend yield — 0.08% 0.90%
Payout ratio — 0.04 0.32

Size

Metric AXON HEI Aerospace & Defense median
Market cap 33.89b 36.66b 2.19b

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