Axon Enterprise, Inc (AXON) vs Woodward, Inc. (WWD)

Axon Enterprise, Inc and Woodward, Inc. are both Aerospace & Defense companies. Axon Enterprise, Inc is the larger, with a market value of $36.2B against $19.2B — 1.9× the size. Woodward, Inc. trades at the lower P/E: 35.7× against 173×. Axon Enterprise, Inc grew revenue faster over the last twelve months: 34.6% against 22.4%. Woodward, Inc. has the higher net margin (13.2% vs 6.19%) and the higher return on invested capital (12.3% vs 0.32%). Across the 22 metrics below, Woodward, Inc. leads on 16 and Axon Enterprise, Inc on 6.

Valuation

Metric AXON WWD Aerospace & Defense median
P/E 173.43 35.71 33.00
P/S 10.77 4.68 3.63
P/B 9.43 7.94 3.24
Price to free cash flow 262.21 52.15 34.01
EV/EBITDA 268.08 26.42 18.69
EV/Sales 11.09 4.89 3.94
Earnings yield 0.58% 2.80% 1.31%
Free cash flow yield 0.38% 1.92% 0.00%

Profitability

Metric AXON WWD Aerospace & Defense median
Gross margin 59.41% 29.47% 25.48%
Operating margin 0.74% 15.64% 4.54%
Net margin 6.19% 13.17% 2.22%
Free cash flow margin 4.14% 8.98% 0.00%
Return on equity 6.22% 22.34% 6.43%
Return on assets 2.91% 11.14% 2.70%
Return on invested capital 0.32% 12.27% 1.56%

Growth

Metric AXON WWD Aerospace & Defense median
Revenue growth (TTM) 34.60% 22.35% 18.43%
EPS growth (last fiscal year) (68.54%) 19.63% —
Revenue growth, 5-year CAGR 32.48% 7.41% 9.62%
Net income growth, 5-year CAGR 0.00% 12.96% 0.00%

Health

Metric AXON WWD Aerospace & Defense median
Debt to equity 0.47 0.54 0.24
Current ratio 2.15 1.65 2.72
Net debt to EBITDA (0.17) 0.63 1.12

Dividend

Metric AXON WWD Aerospace & Defense median
Dividend yield — 0.69% 1.04%
Payout ratio 0.00 0.25 0.00

Size

Metric AXON WWD Aerospace & Defense median
Market cap 36.23b 19.24b 2.52b

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