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%-0.3pp	59.7%-0.7pp	60.3%-0.2pp	60.5%-0.1pp	60.6%+1.0pp
Operating margin	-0.8%+1.4pp	-2.2%—	——	——	——
Net margin	6.9%+2.4pp	4.5%-5.6pp	10.1%-3.6pp	13.6%-1.3pp	14.9%-3.2pp
Returns
Return on equity	6.8%+2.3pp	4.5%-5.6pp	10%-4.0pp	14%-1.2pp	15.2%-4.0pp
Return on invested capital	-0.6%+1.3pp	-1.9%-4.8pp	2.9%-0.7pp	3.6%-1.9pp	5.5%-3.3pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×-0.1×
Liquidity
Current ratio	2.3×-0.3×	2.5×-0.6×	3.1×+0.2×	3×+0.1×	2.8×+1.5×
Leverage
Debt-to-equity	0.5×-0.1×	0.6×-0.1×	0.7×-0.1×	0.8×0.0×	0.8×+0.5×
Net debt / EBITDA	19.6×-14.4×	33.9×+29.4×	4.6×-4.0×	8.6×+3.7×	4.9×+3.5×
Per Share
Book value per share	$42.85+8.8%	$39.37+2.0%	$38.61+16.0%	$33.30+6.2%	$31.37+5.9%
Valuation
Market capitalization	$34.14B-24.3%	$45.11B-19.9%	$56.34B-8.9%	$61.83B+51.4%	$40.85B-9.9%
Price / earnings	165.8×-196×	361.9×+143×	219.1×+29.6×	189.5×+66.3×	123.2×+3.0×
Price / sales	11.4×-4.8×	16.2×-5.8×	22×-3.8×	25.9×+7.5×	18.3×-3.4×
Price / book	9.7×-4.3×	13.9×-4.7×	18.6×-4.0×	22.6×+6.6×	16×-3.5×
EV / EBITDA	507.1×-1,666×	2,173.6×+1,789×	384.4×+7.6×	376.7×+163×	213.3×-4.7×

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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.