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

Axon Enterprise, Inc. (AXON) 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. AXON 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%-1.3pp	241%0.0pp	241%+0.5pp	240.5%+0.4pp	240.1%+0.3pp
Net margin	35.1%-8.0pp	43.1%-13.6pp	56.7%-5.4pp	62.1%-2.6pp	64.7%-0.8pp
Returns
Return on equity	35.3%-8.4pp	43.6%-14.6pp	58.3%-6.5pp	64.8%-3.4pp	68.1%-1.2pp
Return on invested capital	4%-6.0pp	10.1%-10.7pp	20.7%-4.7pp	25.5%-7.0pp	32.5%-5.7pp
Efficiency
Asset turnover	1.9×0.0×	1.9×0.0×	1.9×-0.1×	2×0.0×	2.1×0.0×
Liquidity
Current ratio	10.9×-0.6×	11.4×+1.2×	10.3×+1.5×	8.8×+0.1×	8.7×+1.3×
Leverage
Debt-to-equity	2.6×-0.3×	2.8×+0.3×	2.6×+0.7×	1.9×+0.7×	1.2×+0.8×
Net debt / EBITDA	66.6×+14.7×	51.9×+32.6×	19.3×+8.8×	10.5×+11.6×	-1.1×+7.0×
Per Share
Book value per share	$154.12+8.1%	$142.64+7.3%	$132.90+9.7%	$121.19+7.4%	$112.82+7.4%
Valuation
Market capitalization	$197.43B-3.3%	$204.13B-0.1%	$204.34B+14.7%	$178.2B+28.6%	$138.57B+14.3%
Price / earnings	936.3×+42.6×	893.7×+242×	652×+118×	533.9×+114×	420.1×+33.7×
Price / sales	75.6×-6.9×	82.5×-5.5×	88×+6.4×	81.5×+13.6×	68×+4.3×
Price / book	64.8×-6.3×	71.1×-5.6×	76.7×+4.2×	72.5×+11.1×	61.3×+3.0×
EV / EBITDA	3,441.8×+294×	3,148×+1,956×	1,192.5×+193×	999.6×+253×	747.1×+82.3×

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Questions, answered.

What are Axon Enterprise, Inc.'s profit margins?: Axon Enterprise, Inc. (AXON) 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.