Axon Enterprise, Inc.

Industrials
Ordnance And Accessories
investor.axon.com

Earnings Score
Moat Score
Safety Score

Market Cap $45.82B
PE 122
Debt $680.29M
Cash $466.76M
EV $46.04B
FCF $329.53M

Earnings

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Sales & Net Margins

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Earnings	$377.03M
EBIT	$381.50M
ROE	16%
ROA	9%
FCF	$329.53M
Equity	$2.33B
Growth Stability	-635%
PE	121.53
PEG	2.82
PB	19.69
P/FCF	139.06
P/S	22
Price/Cash	0.01
Debt/Equity	0.29
Debt/FCF	2.06
Net Margins	18%
Gross Margins	60%
Op. Margins	18%
Earnings CAGR	23%
Sales Growth YoY	33%
Sales Growth QoQ	6%
Sales CAGR	29%
FCF CAGR	25%
Equity CAGR	39%
Earnings Stability	0.34
Earnings Growth YoY	136%
Earnings Growth QoQ	99%

Earnings CAGR 5Y	43%
Sales CAGR 5Y	32%
FCF CAGR 5Y	56%
Equity CAGR 5Y	25%
Earnings CAGR 3Y	34%
Sales CAGR 3Y	34%
FCF CAGR 3Y	90%
Equity CAGR 3Y	30%
Market Cap	$45.82B
Revenue	$2.08B
Assets	$4.47B
Total Debt	$680.29M
Cash	$466.76M
Shares Outstanding	75.71M
EV	46.04B
Earnings Score	27%
Moat Score	92%
Safety Score	62%
Final Score	61%
Working Capital	1.3B
Current Ratio	2.3
Gross Profit	$1.24B
Shares Growth 3y	3%
Equity Growth QoQ	11%
Equity Growth YoY	44%

Assets & ROA

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Stockholders Equity & ROE

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Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and gets most of its revenue from the United States.

SEC Filings

Direct access to Axon Enterprise, Inc. (AXON) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Axon Enterprise, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Axon Enterprise, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 23%

Stability 34%

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Axon Enterprise, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Axon Enterprise, Inc..

Years

Calculation mode

= $19B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$330M	$413M	$517M	$648M	$811M	$1B	$1.3B	$1.6B	$2B	$2.5B	$3.1B	$31B
DCF		$375M	$427M	$487M	$554M	$631M	$719M	$818M	$932M	$1.1B	$1.2B	$12B
Value	$19B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	10%	6%	2%	7%	0%	-0%	-7%	12%	11%	18%	18%
ROA	-	11%	5%	4%	0%	-0%	-8%	7%	5%	9%	9%
ROE	-	11%	3%	6%	0%	-0%	-6%	12%	11%	16%	16%

Good Net Margins (18.1%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	3.75	5.22	2.06	2.06
Debt over Equity	0	-	-	-	-	-	-	0.53	0.42	0.29	0.29
Growth Stability	-	-	-	100%	5%	-15%	-635%	-	100%	100%	-635%

Neutral Debt/FCF ratio (2.06)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.29)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-635%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	36%	28%	22%	26%	28%	27%	38%	31%	33%	32%
Earnings YoY growth	-	-13%	-70%	461%	-97%	-295%	3K%	-345%	18%	116%	43%
Equity YoY growth	-	-4%	11%	179%	16%	80%	7%	21%	27%	44%	25%
FCF YoY growth	-	-68%	-38%	553%	-6%	-169%	-318%	141%	-28%	154%	56%