Axon Enterprise, Inc. (AXON)
Industrials · Aerospace & Defense · US stock · S&P 500 component
$390.29
▼ -26.90 (6.45%)
Fair valueData under review
$79
$40fair band $48–$111$119
Day's range
$388.56 – $422.81
52-week range
$339.01 – $764.02
About Axon Enterprise, Inc.
Law enforcement and public safety are the focus of Axon Enterprise, which makes technology and weapons for them. Its products include TASER conducted energy devices, body-worn and in-car cameras, drones and a cloud platform for storing and managing digital evidence and records. Customers are police departments, other public safety agencies, military and corrections bodies, and some consumers and businesses. The company pairs hardware with software subscriptions that it supplies to agencies.
Revenue comes from devices such as TASER weapons and cameras, and from recurring subscriptions to its cloud and software services. Revenue was $3.2 billion over the last twelve months and has grown at 32.8% a year across the last three years. The operating margin is 0.7%, the business earns 0% on the capital invested in it, and net debt is 7.9 times EBITDA. No dividend is paid. On the site's X-Ray Score it receives 25 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $339.01 – $764.02Volume 1,421,200Daily, split-adjusted
Vitals
Market cap$32.2B
52-week range$339.01 – $764.02
Volume (last day)1,421,200
P/E (TTM)159.5
EBIT / EV yield0.1%
Free-cash-flow yield0.4%
Dividend yieldNo dividend
Revenue (TTM)$3.2B
Net income (TTM)$199M
Operating margin0.7%
Return on capital0.5%
Debt incl. leases$1.7B
Cash & securities$673M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$79model spread $79 – $79
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $390
Undervalued < $48Fair $48 – $111Overvalued > $111
10-year DCF (market-scaled)
$-11
Peer multiples
$54
Earnings power floor (not blended)
$-13
Fundamentals-adjusted multiple
$104
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Weak
3/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield0.1%
Free-cash-flow yield0.4%
Fair value vs price0.2×
Growth
Fair
59/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)32.8%
EPS growth (3y)-9.4%
Growth consistency100%
Profitability
Weak
14/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital0.5%
Operating margin0.7%
Gross profitability25.6%
Financial health
Weak
31/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA7.9×
Interest cover0.2×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+31.3%
Mar '25
+32.8%
Jun '25
+30.6%
Sep '25
+38.5%
Dec '25
+33.7%
Mar '26
+35.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $904M, diluted EPS $0.36.
Compare with peers
GD General Dynamics Corp69 TXT Textron Inc65 LHX L3harris Technologies,...59 LMT Lockheed Martin Corp57Other Aerospace & Defense companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 3 Average · ● 10 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 25/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $866M | $1.2B | $1.6B | $2.1B | $2.8B |
| Operating income | −$163M | $93M | $157M | $59M | −$62M |
| Net income | −$56M | $147M | $176M | $377M | $125M |
| Operating cash flow | $124M | $235M | $189M | $408M | $211M |
| Operating margin | -18.8% | 7.8% | 10.0% | 2.8% | -2.2% |
| Free cash flow | $75M | $180M | $130M | $330M | $75M |
| Diluted EPS | $-0.91 | $2.03 | $2.33 | $4.80 | $1.51 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
1 bullish · 1 neutral · 6 bearish
Moving averages (daily)
| SMA 10 | 412.0 | Bearish |
| EMA 10 | 412.6 | Bearish |
| SMA 20 | 423.0 | Bearish |
| EMA 20 | 428.6 | Bearish |
| SMA 50 | 502.7 | Bearish |
| EMA 50 | 468.7 | Bearish |
| SMA 100 | 505.1 | Bearish |
| EMA 100 | 487.3 | Bearish |
| SMA 200 | 488.7 | Bearish |
| EMA 200 | 508.1 | Bearish |
Oscillators (daily)
| RSI (14) | 32.12 | Neutral |
| MACD (12, 26) | -24.00 | Bearish |
| Momentum (12) | -7.63 | Bearish |
| Stochastic %K (14) | 3.92 | Bullish |
| Williams %R (14) | -96.08 | Bullish |
| CCI (20) | -126.0 | Bullish |
Pivot points (classic, last session)
S3 344.0 | S2 366.3 | S1 378.3 | Pivot 400.6 | R1 412.5 | R2 434.8 | R3 446.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
AXON SEC filings
21 Sep 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
17 Sep 2026
424B5SEC EDGAR
424B5
15 Sep 2026
424B5SEC EDGAR
424B5
15 Sep 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
6 Aug 2026
10-QSEC EDGAR
Quarterly report
5 Aug 2026
8-KSEC EDGAR
Results of operations
10 Jul 2026
8-KSEC EDGAR
Director or officer change
1 Jun 2026
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.