Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Axon Enterprise, Inc.

AXON · Nasdaq · Ordnance & Accessories, (No Vehicles/Guided Missiles)

Fundamental quality

REASONABLE

57

out of 100

Breakdown by area

I.GrowthEPS growth: 6.4% · Revenue growth: 32.8%
83
II.ProfitabilityNet margin: 6.9% · ROE: 5.8%
63
III.Financial healthNet debt/EBITDA: 18.16x · FCF: 0.7%
24

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Strengths

  • High gross margin (59.3%), pointing to pricing power.
  • Growing revenue (32.8% annualized).

Risks and weaknesses

  • High leverage (net debt of 18.16× EBITDA).
  • Low return on equity (ROE of 5.8%).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$863M-$60M$75M-$356M
2022$1,187M$147M$180M-$354M
2023$1,561M$176M$130M-$599M
2024$2,083M$377M$330M$225M
2025$2,780M$125M$75M$610M

Between 2021 and 2025, revenue went from $863M to $2,780M (+222%) and net income went from -$60M to $125M (+308%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Axon Enterprise, Inc. a profitable company?

Axon Enterprise, Inc. is profitable, with a net margin of 6.9%, though a thin one.

Does Axon Enterprise, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 18.16 times its EBITDA.

Is Axon Enterprise, Inc. growing?

Its revenue has grown 32.8% annualized in recent years and its earnings per share 6.4%.

Does Axon Enterprise, Inc. generate cash?

Yes. It converts about 0.7% 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.

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).

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