How Does Axon Enterprise Stock Compare With Peers?
Axon‘s stock fell 14% over the past year, yet it operates in a public safety tech market seeing robust growth driven by AI and IoT adoption. While its 32% LTM revenue growth is strong, indicating significant expansion as a holistic tech partner, Axon faces challenges with a negative LTM operating margin of -1.08% and a very high 167.71 PE ratio. This points to a premium valuation for a growth-focused company, with profitability lagging in the short term.
- AXON’s -1.1% operating margin trails MSI (25.1%), reflecting heavy investment for market leadership in public safety tech solutions.
- AXON’s 32.0% revenue growth, outpacing peers, shows robust demand for its integrated public safety tech, but trails BYRN’s less-lethal market.
- AXON’s 13.8% stock drop and 167.7 PE suggest market skepticism on its high valuation despite growth, as peers MSI, CDRE, WRAP outperformed.
Here’s how Axon Enterprise stacks up across size, valuation, and profitability versus key peers.
| AXON | MSI | TYL | CDRE | BYRN | WRAP | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 43.1 | 67.6 | 18.1 | 1.6 | 0.3 | 0.1 |
| Revenue ($ Bil) | 2.6 | 11.1 | 2.3 | 0.6 | 0.1 | 0.0 |
| PE Ratio | 167.7 | 31.9 | 57.3 | 36.1 | 20.7 | -9.1 |
| LTM Revenue Growth | 32.0% | 6.4% | 10.6% | 19.9% | 51.0% | -2.3% |
| LTM Operating Margin | -1.1% | 25.1% | 15.4% | 13.7% | 10.8% | -342.9% |
| LTM FCF Margin | 5.7% | 21.5% | 26.1% | 9.9% | -10.0% | -220.4% |
| 12M Market Return | -13.8% | -12.0% | -32.4% | 3.6% | -52.7% | 19.8% |
For more details on Axon Enterprise, read Buy or Sell AXON Stock. Below we compare AXON’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| AXON | 32.0% | 33.4% | 31.5% | 37.5% |
| MSI | 6.4% | 8.4% | 9.5% | 11.5% |
| TYL | 10.6% | 9.5% | 5.5% | 16.2% |
| CDRE | 19.9% | 17.6% | 5.4% | 7.1% |
| BYRN | 51.0% | 101.1% | -11.2% | 13.9% |
| WRAP | -2.3% | -26.5% | -23.8% | 4.1% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| AXON | -1.1% | 2.8% | 10.0% | 7.8% |
| MSI | 25.1% | 24.9% | 23.6% | 19.1% |
| TYL | 15.4% | 14.0% | 11.2% | 11.6% |
| CDRE | 13.7% | 12.8% | 12.2% | 4.6% |
| BYRN | 10.8% | 7.8% | -18.3% | -16.1% |
| WRAP | -342.9% | -345.4% | -305.3% | -220.3% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| AXON | 167.7 | 114.1 | 250.9 | 125.0 |
| MSI | 31.9 | 40.5 | 45.2 | 38.5 |
| TYL | 57.3 | 73.5 | 146.1 | 105.8 |
| CDRE | 36.1 | 45.1 | 31.4 | 204.1 |
| BYRN | 20.7 | 29.5 | -77.1 | -18.1 |
| WRAP | -9.1 | -18.5 | -3.0 | -7.2 |
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