What are Axon Enterprise, Inc.'s profit margins?

Axon Enterprise, Inc. (AAXN) runs a 59.3% gross margin and a -0.8% operating margin, with a 6.9% net margin.

Where do Axon Enterprise, Inc.'s ratios come from?

Every ratio is computed from Axon Enterprise, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Axon Enterprise, Inc. AAXN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	59.3%-1.3pp	59.7%0.0pp	60.3%+0.5pp	60.5%+0.4pp	60.6%+0.3pp
Operating margin	-0.8%—	-2.2%—	——	——	——
Net margin	6.9%-8.0pp	4.5%-13.6pp	10.1%-5.4pp	13.6%-2.6pp	14.9%-0.8pp
Returns
Return on equity	6.8%-8.4pp	4.5%-14.6pp	10%-6.5pp	14%-3.4pp	15.2%-1.2pp
Return on invested capital	-0.6%-6.0pp	-1.9%-10.7pp	2.9%-4.7pp	3.6%-7.0pp	5.5%-5.7pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×-0.1×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	2.3×-0.6×	2.5×+1.2×	3.1×+1.5×	3×+0.1×	2.8×+1.3×
Leverage
Debt-to-equity	0.5×-0.3×	0.6×+0.3×	0.7×+0.7×	0.8×+0.7×	0.8×+0.8×
Net debt / EBITDA	19.6×+14.7×	33.9×+32.6×	4.6×+8.8×	8.6×+11.6×	4.9×+7.0×
Per Share
Book value per share	$42.85+36.6%	$39.37+32.9%	$38.61+43.6%	$33.30+33.6%	$31.37+32.8%
Valuation
Market capitalization	$34.14B-16.4%	$45.11B-0.5%	$56.34B+86.6%	$61.83B+178%	$40.85B+73.4%
Price / earnings	165.8×+42.6×	361.9×+242×	219.1×+118×	189.5×+114×	123.2×+33.7×
Price / sales	11.4×-6.9×	16.2×-5.5×	22×+6.4×	25.9×+13.6×	18.3×+4.3×
Price / book	9.7×-6.3×	13.9×-5.6×	18.6×+4.2×	22.6×+11.1×	16×+3.0×
EV / EBITDA	507.1×+294×	2,173.6×+1,956×	384.4×+193×	376.7×+253×	213.3×+82.3×

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Questions, answered.

What are Axon Enterprise, Inc.'s profit margins?: Axon Enterprise, Inc. (AAXN) runs a 59.3% gross margin and a -0.8% operating margin, with a 6.9% net margin.
Where do Axon Enterprise, Inc.'s ratios come from?: Every ratio is computed from Axon Enterprise, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.