Obermatt

Axon Enterprise

NSQ:AXON · US05464C1018
Aerospace & DefenseLarge

360

3
EV / EBIT7
Price / Owner Earnings7
Owner Earnings Yield14
Dividend Yield1
Price/Sales9
EV / Gross Profit30
Price/Book19
Return on Capital7
Cash Return on Capital22
Return on Equity14
EBIT Margin7
Gross Profitability91
Cash Conversion19
Accruals17
Owner Earnings Margin40
Sales growth77
Profit Growth77
Long-Term EPS Growth84
Owner Earnings Growth11
Reinvestment47
Price momentum15
Debt load50
Refinancing35
Debt Payback24
Liquidity24
Analyst ratings57
Opinion Changes50
Price Target Upside91
Market mood90
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Axon Enterprise clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryAerospace & Defense
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded1993
Employees4,377
Websiteaxon.com
ISINUS05464C1018
Last UpdateApr 2, 2026
Themes
Drone TechnologyHomeland SecurityDefenseTechPhysical SecurityGovTechDetectors, Sensors and MemsSecurity ManagementElectronicsHardwareSoftware

Description

Axon Enterprise, Inc. is a market-leading provider of public safety technology solutions. The company is a diversified technology organization with employees distributed across multiple geographies. Alongside its primary corporate headquarters in Sc…

Analysis

Story stock

Axon Enterprise, Inc. trades at an expensive price on a weak set of business metrics, a combination we flag as a story stock.

On valuation, the picture is expensive. The owner-earnings multiple stands at 216.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 39% a year, against analyst forecasts of 29%. The gap between price and consensus is worth watching: demanding expectations.

Growth is moderate; the safety picture is stretched. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
14
2023202420252026

All-time high

88

Jan 2025

All-time low

14

Jun 2026

Average rank

56

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
9
3
1
3
Price/Earnings
11
1
3
1
Price/Book
19
3
4
8
Dividend Yield
1
1
1
1
Value (overall)
1
1
1
1

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →