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

Axon Enterprise, Inc and Heico Corporation are both Aerospace & Defense companies. Heico Corporation is the larger, with a market value of $38.5B against $31.1B — 1.2× the size. Heico Corporation trades at the lower P/E: 53.7× against 155×. 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 155.46 53.72 28.48
P/S 9.65 8.81 2.95
P/B 8.45 9.08 2.68
Price to free cash flow 235.05 44.29 31.70
EV/EBITDA 241.11 32.78 16.85
EV/Sales 9.97 9.26 2.74
Earnings yield 0.64% 1.86% 0.89%
Free cash flow yield 0.43% 2.26% 0.00%

Profitability

Metric AXON HEI Aerospace & Defense median
Gross margin 59.41% 40.40% 26.41%
Operating margin 0.74% 24.04% 3.69%
Net margin 6.19% 16.38% 2.74%
Free cash flow margin 4.14% 19.90% 0.00%
Return on equity 6.22% 18.35% 4.44%
Return on assets 2.91% 9.18% 1.90%
Return on invested capital 0.32% 10.62% 0.26%

Growth

Metric AXON HEI Aerospace & Defense median
Revenue growth (TTM) 34.60% 20.69% 18.03%
EPS growth (last fiscal year) (68.54%) 33.51% 24.80%
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 0.20
Current ratio 2.15 2.72 2.85
Net debt to EBITDA (0.17) 1.61 1.29

Dividend

Metric AXON HEI Aerospace & Defense median
Dividend yield — 0.08% 0.91%
Payout ratio — 0.04 0.30

Size

Metric AXON HEI Aerospace & Defense median
Market cap 31.08b 38.54b 1.78b

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