Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
AXON · Nasdaq · Industrial
Fundamental quality
58
out of 100
Axon Enterprise, Inc.'s profile is defined by leverage: it carries high debt (8.52× EBITDA) on thin margins (6.2%), which makes it more sensitive to rates and the cycle. On fundamental quality it scores 58 out of 100, profiling it as a company of reasonable quality. Its weakest area is its financial strength (net debt 8.52× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Axon Enterprise is the company behind Taser weapons and police body cameras: the less-lethal weapon, the camera that records and the cloud (Evidence.com) where all police video lives. It turned public safety into a software subscription business.
EPS growth: 4.9% · Revenue growth: 32.7%
Net margin: 6.2% · ROE: 5.4% · ROIC: 0.5%
Net debt/EBITDA: 8.52x · FCF: 4.1%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.
Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 681 | -2 | -34 | -155 |
| 2021 | 863 | -60 | 75 | -356 |
| 2022 | 1,187 | 147 | 180 | -354 |
| 2023 | 1,561 | 176 | 130 | -599 |
| 2024 | 2,083 | 377 | 330 | 225 |
| 2025 | 2,780 | 125 | 75 | 610 |
Between 2020 and 2025, revenue went from $681M to $2,780M (+308%) and net income went from -$2M to $125M (+7331%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
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Is Axon Enterprise, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Axon Enterprise, Inc. a good company to invest in?
In terms of business quality, Axon Enterprise, Inc. scores 58 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Axon Enterprise, Inc. a profitable company?
Axon Enterprise, Inc. is profitable, with a net margin of 6.2%, though a thin one.
Does Axon Enterprise, Inc. have a lot of debt?
Yes, its leverage is high: net debt is 8.52 times its EBITDA, and it has been rising.
Is Axon Enterprise, Inc. growing?
Its revenue has grown 32.7% annualized in recent years and its earnings per share 4.9%, and without interruption since 2020.
Does Axon Enterprise, Inc. generate cash?
Yes. It converts about 4.1% of its revenue into free cash flow.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Axon Enterprise, Inc.'s filings on EDGAR
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