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Axon Enterprise, Inc. AAXN Return on invested capital

Return on invested capital at other companies

Motorola Solutions, Inc. logo
Motorola Solutions, Inc.MSI
25.9%-9.6pp
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118.2%+55.3pp

Other financials

Income statement

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Revenue$807.3M+33.8%
Gross profit$477.3M+30.5%
Operating income$29.2M+433%
Net income$169.3M+92.4%
EPS (diluted)$2.05+89.8%

Balance sheet

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Cash & equivalents$458.9M-58.0%
Total debt$1.8B-10.7%
Total equity$3.5B+38.3%
Total assets$7.1B+16.2%

Cash flow

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Operating cash flow-$31.5M-222%
CapEx$23.1M-7.0%
Free cash flow-$54.6M-5,963%

Valuation

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Market cap$0-16.4%

Profitability

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Gross margin59.3%-1.3pp
Operating margin-0.8%
Net margin6.9%-8.0pp

Returns & leverage

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Return on equity6.8%-8.4pp
Debt / equity0.5×-0.3×
Current ratio2.3×-0.6×

Where this comes from

Calculated from Axon Enterprise, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Axon Enterprise, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axon Enterprise, Inc.'s return on invested capital?
Axon Enterprise, Inc. (AAXN) reported return on invested capital of -0.6% in Q1 2026.
How has Axon Enterprise, Inc.'s return on invested capital changed year-over-year?
Axon Enterprise, Inc.'s return on invested capital decreased by 110.5% year-over-year, from 5.5% to -0.6%.
What is the long-term trend for Axon Enterprise, Inc.'s return on invested capital?
Over 2 years (2023 to 2025), Axon Enterprise, Inc.'s return on invested capital has grown at a -53.6% compound annual growth rate (CAGR), from 46.7% to 10.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.