(AXON) Axon Enterprise - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US05464C1018

Taser, Body Cameras, Evidence Software, Cloud Platform

AXON EPS (Earnings per Share)

EPS (Earnings per Share) of AXON over the last years for every Quarter: "2020-09": 0.4, "2020-12": 1, "2021-03": 0.31, "2021-06": 0.38, "2021-09": 1.17, "2021-12": 0.46, "2022-03": 0.45, "2022-06": 0.44, "2022-09": 0.6, "2022-12": 0.7, "2023-03": 0.88, "2023-06": 1.11, "2023-09": 1.02, "2023-12": 1.12, "2024-03": 1.15, "2024-06": 1.2, "2024-09": 1.45, "2024-12": 2.08, "2025-03": 1.41, "2025-06": 2.12, "2025-09": 1.17,

AXON Revenue

Revenue of AXON over the last years for every Quarter: 2020-09: 166.442, 2020-12: 226.14, 2021-03: 195.019, 2021-06: 218.795, 2021-09: 231.989, 2021-12: 217.578, 2022-03: 256.426, 2022-06: 285.613, 2022-09: 311.754, 2022-12: 336.142, 2023-03: 343.043, 2023-06: 374.605, 2023-09: 413.278, 2023-12: 430.376, 2024-03: 459.871, 2024-06: 503.236, 2024-09: 544.274, 2024-12: 575.145, 2025-03: 603.633, 2025-06: 668.538, 2025-09: 710.641,
Risk via 10d forecast
Volatility 78.9%
Value at Risk 5%th 92.2%
Reward
Sharpe Ratio 0.09
Alpha 1.62
Character
Hurst Exponent 0.548
Beta 1.369
Drawdowns 3y
Max DD 34.31%
Mean DD 8.08%

Description: AXON Axon Enterprise September 26, 2025

Axon Enterprise, Inc. (NASDAQ: AXON) designs, manufactures, and sells conducted-energy devices (CEDs) under the TASER brand, alongside a suite of hardware and cloud-based software solutions that enable law-enforcement agencies to capture, store, manage, share, and analyze digital evidence.

The business is organized into two primary segments: (1) TASER, which generates revenue from the sale of CEDs and related accessories (e.g., cartridges, batteries, and extended warranties); and (2) Software & Sensors, which includes body-worn cameras, in-car video systems, and a portfolio of subscription-based evidence-management platforms such as Axon Records, Evidence, and Command.

Axon reaches customers through a mixed-channel model that combines direct sales teams, a network of distribution partners, an online storefront, and third-party resellers; a strategic partnership with Fusus, Inc. expands its capability to aggregate live video, data, and sensor feeds across multiple devices.

The company serves a broad public-safety ecosystem that includes municipal police, federal agencies, corrections, fire and EMS, campus security, private-security firms, and individual consumers seeking personal-safety products.

According to Axon’s FY 2023 earnings release, total revenue reached approximately $1.44 billion, with software-as-a-service (SaaS) subscriptions accounting for roughly 70 % of recurring revenue and growing at a compound annual rate of ~30 % over the prior three years. Gross margins improved to ~71 % driven by the higher-margin SaaS mix, while operating cash flow turned positive in Q4 2023.

Key macro drivers for Axon include municipal budget cycles (which can constrain capital-expenditure on new equipment), the ongoing shift toward digital evidence workflows in law-enforcement agencies, and broader public-policy debates around the use of conducted-energy weapons that can affect adoption rates.

For a deeper, data-driven assessment of Axon’s valuation assumptions and scenario analysis, you may find the research tools on ValueRay worth exploring.

AXON Stock Overview

Market Cap in USD 47,544m
Sub-Industry Aerospace & Defense
IPO / Inception 2001-06-07
Return 12m vs S&P 500 -19.6%
Analyst Rating 4.24 of 5

AXON Dividends

Currently no dividends paid

AXON Growth Ratios

CAGR 45.43%
CAGR/Max DD Calmar Ratio 1.32
CAGR/Mean DD Pain Ratio 5.62
Current Volume 1240k
Average Volume 576.2k

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (257.1m TTM) > 0 and > 6% of Revenue (6% = 153.5m TTM)
FCFTA 0.02 (>2.0%) and ΔFCFTA -3.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 112.1% (prev 83.11%; Δ 28.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.04 (>3.0%) and CFO 244.3m <= Net Income 257.1m (YES >=105%, WARN >=100%)
Net Debt (678.2m) to EBITDA (310.9m) ratio: 2.18 <= 3.0 (WARN <= 3.5)
Current Ratio 3.12 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (78.4m) change vs 12m ago 0.43% (target <= -2.0% for YES)
Gross Margin 60.31% (prev 59.84%; Δ 0.47pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 47.98% (prev 48.38%; Δ -0.40pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 3.52 (EBITDA TTM 310.9m / Interest Expense TTM 67.2m) >= 6 (WARN >= 3)

Altman Z'' 3.85

(A) 0.43 = (Total Current Assets 4.22b - Total Current Liabilities 1.35b) / Total Assets 6.66b
(B) 0.14 = Retained Earnings (Balance) 933.9m / Total Assets 6.66b
(C) 0.04 = EBIT TTM 237.0m / Avg Total Assets 5.33b
(D) 0.25 = Book Value of Equity 921.4m / Total Liabilities 3.63b
Total Rating: 3.85 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.03

1. Piotroski 3.50pt = -1.50
2. FCF Yield 0.31% = 0.15
3. FCF Margin 5.67% = 1.42
4. Debt/Equity 0.69 = 2.27
5. Debt/Ebitda 2.18 = -0.35
6. ROIC - WACC (= -2.50)% = -3.13
7. RoE 9.66% = 0.81
8. Rev. Trend 99.80% = 7.48
9. EPS Trend 77.87% = 3.89

What is the price of AXON shares?

As of November 12, 2025, the stock is trading at USD 572.18 with a total of 1,239,975 shares traded.
Over the past week, the price has changed by -18.97%, over one month by -19.41%, over three months by -30.11% and over the past year by -7.13%.

Is Axon Enterprise a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Axon Enterprise is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 61.03 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of AXON is around 611.68 USD . This means that AXON is currently overvalued and has a potential downside of 6.9%.

Is AXON a buy, sell or hold?

Axon Enterprise has received a consensus analysts rating of 4.24. Therefore, it is recommended to buy AXON.
  • Strong Buy: 7
  • Buy: 7
  • Hold: 3
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the AXON price?

Issuer Target Up/Down from current
Wallstreet Target Price 823.7 44%
Analysts Target Price 823.7 44%
ValueRay Target Price 694.8 21.4%

AXON Fundamental Data Overview November 11, 2025

Market Cap USD = 47.54b (47.54b USD * 1.0 USD.USD)
P/E Trailing = 192.4952
P/E Forward = 84.7458
P/S = 18.5868
P/B = 20.7015
P/EG = 2.86
Beta = 1.369
Revenue TTM = 2.56b USD
EBIT TTM = 237.0m USD
EBITDA TTM = 310.9m USD
Long Term Debt = 680.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 279.6m USD (from shortTermDebt, last quarter)
Debt = 2.10b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 678.2m USD (from netDebt column, last quarter)
Enterprise Value = 47.27b USD (47.54b + Debt 2.10b - CCE 2.38b)
Interest Coverage Ratio = 3.52 (Ebit TTM 237.0m / Interest Expense TTM 67.2m)
FCF Yield = 0.31% (FCF TTM 145.0m / Enterprise Value 47.27b)
FCF Margin = 5.67% (FCF TTM 145.0m / Revenue TTM 2.56b)
Net Margin = 10.05% (Net Income TTM 257.1m / Revenue TTM 2.56b)
Gross Margin = 60.31% ((Revenue TTM 2.56b - Cost of Revenue TTM 1.02b) / Revenue TTM)
Gross Margin QoQ = 60.14% (prev 60.39%)
Tobins Q-Ratio = 7.10 (Enterprise Value 47.27b / Total Assets 6.66b)
Interest Expense / Debt = 1.38% (Interest Expense 28.9m / Debt 2.10b)
Taxrate = 113.9% (out of range, set to none) (17.9m / 15.7m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 3.12 (Total Current Assets 4.22b / Total Current Liabilities 1.35b)
Debt / Equity = 0.69 (Debt 2.10b / totalStockholderEquity, last quarter 3.03b)
Debt / EBITDA = 2.18 (Net Debt 678.2m / EBITDA 310.9m)
Debt / FCF = 4.68 (Net Debt 678.2m / FCF TTM 145.0m)
Total Stockholder Equity = 2.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.86% (Net Income 257.1m / Total Assets 6.66b)
RoE = 9.66% (Net Income TTM 257.1m / Total Stockholder Equity 2.66b)
RoCE = 7.09% (EBIT 237.0m / Capital Employed (Equity 2.66b + L.T.Debt 680.3m))
RoIC = 8.09% (EBIT 237.0m / (Assets 6.66b - Curr.Liab 1.35b - Cash 2.38b))
WACC = 10.59% (E(47.54b)/V(49.65b) * Re(11.06%) + (debt cost/tax rate unavailable))
Discount Rate = 11.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.46%
[DCF Debug] Terminal Value 72.27% ; FCFE base≈175.1m ; Y1≈216.0m ; Y5≈368.5m
Fair Price DCF = 48.87 (DCF Value 3.86b / Shares Outstanding 78.9m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 77.87 | EPS CAGR: 20.54% | SUE: -1.68 | # QB: 0
Revenue Correlation: 99.80 | Revenue CAGR: 31.29% | SUE: 0.83 | # QB: 0

Additional Sources for AXON Stock

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