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 $31.1B against $18.1B — 1.7× the size. Woodward, Inc. trades at the lower P/E: 33.2× against 155×. 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 155.46 33.22 28.48
P/S 9.65 4.36 2.95
P/B 8.45 7.38 2.68
Price to free cash flow 235.05 48.51 31.70
EV/EBITDA 241.11 24.66 16.85
EV/Sales 9.97 4.56 2.74
Earnings yield 0.64% 3.01% 0.89%
Free cash flow yield 0.43% 2.06% 0.00%

Profitability

Metric AXON WWD Aerospace & Defense median
Gross margin 59.41% 29.47% 26.41%
Operating margin 0.74% 15.64% 3.69%
Net margin 6.19% 13.17% 2.74%
Free cash flow margin 4.14% 8.98% 0.00%
Return on equity 6.22% 22.34% 4.44%
Return on assets 2.91% 11.14% 1.90%
Return on invested capital 0.32% 12.27% 0.26%

Growth

Metric AXON WWD Aerospace & Defense median
Revenue growth (TTM) 34.60% 22.35% 18.03%
EPS growth (last fiscal year) (68.54%) 19.63% 24.80%
Revenue growth, 5-year CAGR 32.48% 7.41% 9.73%
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 0.20
Current ratio 2.15 1.65 2.85
Net debt to EBITDA (0.17) 0.63 1.29

Dividend

Metric AXON WWD Aerospace & Defense median
Dividend yield — 0.40% 0.91%
Payout ratio — 0.14 0.30

Size

Metric AXON WWD Aerospace & Defense median
Market cap 31.08b 18.12b 1.78b

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