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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	239.7%-0.3pp	241%+1.2pp	241%-0.4pp	240.5%-2.2pp	240.1%-3.5pp
Net margin	35.1%-29.6pp	43.1%-22.4pp	56.7%-1.9pp	62.1%+8.8pp	64.7%+20.4pp
Returns
Return on equity	35.3%-32.9pp	43.6%-25.6pp	58.3%-4.0pp	64.8%+8.2pp	68.1%+21.4pp
Return on invested capital	4%-28.4pp	10.1%-28.1pp	20.7%-24.2pp	25.5%-23.9pp	32.5%-17.4pp
Efficiency
Asset turnover	1.9×-0.2×	1.9×-0.2×	1.9×-0.1×	2×-0.1×	2.1×-0.1×
Liquidity
Current ratio	10.9×+2.2×	11.4×+4.0×	10.3×+1.1×	8.8×-2.0×	8.7×-2.5×
Leverage
Debt-to-equity	2.6×+1.4×	2.8×+2.5×	2.6×+2.5×	1.9×+1.8×	1.2×+1.1×
Net debt / EBITDA	66.6×+67.7×	51.9×+59.9×	19.3×+31.8×	10.5×+21.1×	-1.1×+9.8×
Per Share
Book value per share	$154.12+36.6%	$142.64+35.8%	$132.90+37.2%	$121.19+34.6%	$112.82+34.0%
Valuation
Market capitalization	$197.43B+42.5%	$204.13B+68.3%	$204.34B+114%	$178.2B+123%	$138.57B+91.9%
Price / earnings	936.3×+516×	893.7×+507×	652×+276×	533.9×+158×	420.1×-26.6×
Price / sales	75.6×+7.6×	82.5×+18.8×	88×+33.7×	81.5×+32.6×	68×+20.8×
Price / book	64.8×+3.5×	71.1×+12.9×	76.7×+25.9×	72.5×+26.3×	61.3×+16.7×
EV / EBITDA	3,441.8×+2,695×	3,148×+2,483×	1,192.5×+640×	999.6×+545×	747.1×+314×

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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.