Axon Enterprise, Inc.

Industrials
Ordnance And Accessories
investor.axon.com

Earnings Score
Moat Score
Safety Score

Market Cap $48.51B
PE 162
Debt $679.48M
Cash $697.45M
EV $48.50B
FCF $220.19M

Earnings

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Sales & Net Margins

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Earnings	$299.12M
EBIT	$339.96M
ROE	14%
ROA	8%
FCF	$220.19M
Equity	$2.10B
Growth Stability	-635%
PE	162.19
PEG	1.43
PB	23.1
P/FCF	220.33
P/S	25.01
Price/Cash	0.01
Debt/Equity	0.32
Debt/FCF	3.09
Net Margins	16%
Gross Margins	60%
Op. Margins	18%
Earnings CAGR	19%
Sales Growth YoY	31%
Sales Growth QoQ	8%
Sales CAGR	29%
FCF CAGR	19%
Equity CAGR	38%
Earnings Stability	0.3
Earnings Growth YoY	14%
Earnings Growth QoQ	66%

Earnings CAGR 5Y	114%
Sales CAGR 5Y	32%
FCF CAGR 5Y	45%
Equity CAGR 5Y	26%
Earnings CAGR 3Y	35%
Sales CAGR 3Y	35%
FCF CAGR 3Y	70%
Equity CAGR 3Y	27%
Market Cap	$48.51B
Revenue	$1.94B
Assets	$4.01B
Total Debt	$679.48M
Cash	$697.45M
Shares Outstanding	75.54M
EV	48.5B
Earnings Score	19%
Moat Score	92%
Safety Score	60%
Final Score	57%
Working Capital	1.61B
Current Ratio	2.96
Gross Profit	$1.16B
Shares Growth 3y	4%
Equity Growth QoQ	9%
Equity Growth YoY	38%

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-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 19%

Stability 30%

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Axon Enterprise, Inc. Discounted Cash Flow

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

Years

Calculation mode

= $8.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$220M	$263M	$314M	$374M	$447M	$533M	$636M	$759M	$906M	$1.1B	$1.3B	$13B
DCF		$239M	$259M	$281M	$305M	$331M	$359M	$389M	$422M	$458M	$497M	$5B
Value	$8.5B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	12%	10%	6%	2%	7%	0%	-0%	-7%	12%	11%	16%
ROA	-	15%	11%	5%	4%	0%	-0%	-8%	7%	5%	8%
ROE	-	13%	11%	3%	6%	0%	-0%	-6%	12%	11%	14%

Good Net Margins (16.04%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0	-	-	-	-	-	-	3.75	5.22	3.09
Debt over Equity	0	0	-	-	-	-	-	-	0.53	0.42	0.32
Growth Stability	-	-	-	27%	100%	5%	-15%	-635%	-	100%	-635%

Neutral Debt/FCF ratio (3.09)

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 (0.32)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	20%	36%	28%	22%	26%	28%	27%	38%	31%	32%
Earnings YoY growth	-	0%	-13%	-70%	461%	-97%	-295%	3K%	-345%	18%	114%
Equity YoY growth	-	22%	-4%	11%	179%	16%	80%	7%	21%	27%	26%
FCF YoY growth	-	23%	-68%	-38%	553%	-6%	-169%	-318%	141%	-28%	45%