Last 48 quarters of trend data · Industrials · Aerospace & Defense
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Axon Enterprise, Inc.'s quarterly P/E stands at 51.8x, down 57.5% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 67.2% YoY to 311.2x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 282.71 | 51.79 | 4732.75 | — | 470.42 | 121.75 | 88.97 | 116.16 | 138.79 | 45.21 | 86.11 | 63.78 | 304.88 |
| — | -57.5% | +5219.5% | — | +238.9% | +169.3% | +3.3% | +82.1% | -54.5% | -50.9% | -17.0% | -62.5% | +829.3% | |
| P/S Ratio | 12.37 | 10.85 | 17.82 | 19.80 | 25.41 | 17.75 | 20.95 | 14.33 | 11.34 | 13.12 | 11.43 | 9.14 | 9.87 |
| — | -38.9% | -14.9% | +38.1% | +124.1% | +35.3% | +83.3% | +56.8% | +14.9% | +8.4% | +26.9% | +35.8% | +67.4% | |
| P/B Ratio | 13.16 | 9.91 | 17.51 | 18.59 | 24.87 | 16.77 | 20.70 | 14.86 | 11.83 | 13.27 | 12.18 | 9.94 | 10.23 |
| — | -40.9% | -15.4% | +25.1% | +110.2% | +26.3% | +70.0% | +49.5% | +15.6% | +12.1% | +27.6% | +45.7% | +81.4% | |
| P/FCF | 458.11 | — | 91.35 | 421.48 | — | 11495.84 | 53.46 | 120.28 | 79.85 | — | 42.42 | 77.86 | 125.49 |
| — | — | +70.9% | +250.4% | — | — | +26.0% | +54.5% | -36.4% | — | +67.4% | -1.9% | -51.1% | |
| EV / EBITDA | 1664.88 | 311.16 | 449.23 | 814.68 | 951.90 | 947.45 | 6066.80 | 255.43 | 130.10 | 256.59 | 100.53 | 58.55 | 76.14 |
| — | -67.2% | -92.6% | +218.9% | +631.7% | +269.2% | +5934.9% | +336.3% | +70.9% | +48.6% | -1.7% | +13.5% | +36.7% | |
| EV / EBIT | — | — | 425.07 | 319.13 | — | 94.25 | 142.21 | 96.12 | 107.66 | 36.44 | 86.03 | 52.45 | — |
| — | — | +198.9% | +232.0% | — | +158.6% | +65.3% | +83.3% | — | -64.2% | -4.1% | -47.0% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Axon Enterprise, Inc.'s operating margin was 3.6% in Q1 2026, up 2.4 pp QoQ and up 4.9 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 1.2% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.7% | 59.1% | 57.9% | 60.1% | 60.4% | 60.6% | 60.1% | 60.8% | 60.8% | 56.2% | 61.3% | 62.1% | 62.0% |
| — | -2.4% | -3.7% | -1.0% | -0.7% | +7.7% | -2.0% | -2.1% | -1.8% | -5.5% | +0.2% | +0.2% | +1.7% | |
| Operating Margin | -2.2% | 3.6% | 1.3% | -0.3% | 0.2% | -1.3% | -2.7% | 4.5% | 6.7% | 3.6% | 9.9% | 13.9% | 10.7% |
| — | +377.0% | +146.1% | -106.7% | -97.6% | -136.5% | -127.4% | -67.8% | -37.6% | -26.1% | +48.1% | +34.9% | +43.4% | |
| Net Margin | 4.5% | 21.0% | 0.4% | -0.3% | 5.4% | 14.6% | 23.5% | 12.3% | 8.2% | 29.0% | 13.3% | 14.8% | 3.3% |
| — | +43.9% | -98.4% | -102.5% | -34.4% | -49.7% | +77.3% | -17.0% | +148.6% | +120.4% | +52.8% | +281.2% | -81.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.5% | 5.0% | 0.1% | -0.1% | 1.4% | 3.6% | 6.1% | 3.3% | 2.2% | 7.8% | 3.6% | 4.1% | 0.9% |
| — | +38.7% | -98.4% | -102.3% | -38.3% | -53.6% | +67.9% | -19.5% | +153.8% | +129.8% | +55.9% | +313.2% | -80.2% | |
| ROA | 2.2% | 2.4% | 0.0% | -0.0% | 0.6% | 1.7% | 3.2% | 1.7% | 1.1% | 3.8% | 1.7% | 1.9% | 0.4% |
| — | +44.4% | -98.6% | -102.0% | -47.9% | -56.1% | +86.2% | -10.7% | +176.1% | +146.4% | +42.7% | +214.7% | -85.2% | |
| ROIC | -1.3% | 0.5% | 0.2% | -0.0% | 0.0% | -0.2% | -0.4% | 0.9% | 1.2% | 0.6% | 1.8% | 2.5% | 1.7% |
| — | +383.9% | +145.1% | -104.7% | -98.3% | -127.2% | -124.1% | -64.6% | -29.7% | -10.6% | +45.4% | +7.0% | -6.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Axon Enterprise, Inc.'s Debt/EBITDA ratio is 62.5x, up from 59.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 19.6% YoY to 2.27x, tightening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.59 | 0.52 | 0.59 | 0.69 | 0.75 | 0.80 | 0.60 | 0.34 | 0.37 | 0.39 | 0.44 | 0.47 | 0.49 |
| — | -35.4% | -2.2% | +102.3% | +101.0% | +104.9% | +36.9% | -26.6% | -23.9% | -22.8% | -21.5% | +3431.7% | +3118.5% | |
| Debt / EBITDA | 90.57 | 62.52 | 59.68 | 120.27 | 112.59 | 177.05 | 692.33 | 23.58 | 16.32 | 29.84 | 14.44 | 10.81 | 14.39 |
| — | -64.7% | -91.4% | +410.0% | +589.9% | +493.4% | +4694.8% | +118.2% | +13.4% | +3.8% | -38.1% | +2552.8% | +2218.1% | |
| Current Ratio | 2.53 | 2.27 | 2.53 | 3.12 | 2.95 | 2.83 | 1.37 | 2.96 | 2.88 | 2.91 | 3.14 | 3.15 | 3.38 |
| — | -19.6% | +84.4% | +5.7% | +2.5% | -2.8% | -56.4% | -6.0% | -14.8% | -12.8% | +4.9% | +12.6% | +25.1% | |
| Quick Ratio | 2.29 | 1.93 | 2.29 | 2.89 | 2.71 | 2.62 | 1.21 | 2.63 | 2.52 | 2.55 | 2.79 | 2.78 | 2.98 |
| — | -26.1% | +89.3% | +10.0% | +7.8% | +2.7% | -56.6% | -5.7% | -15.5% | -14.3% | +4.9% | +16.3% | +27.0% | |
| Interest Coverage | 1.20 | 1.02 | 1.17 | 1.54 | -0.36 | 14.86 | 47.34 | 49.34 | 28.51 | 95.47 | 32.46 | 41.71 | -2.46 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Axon Enterprise, Inc.'s current P/E is 282.7x. The average P/E over the last 3 quarters is 1751.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Axon Enterprise, Inc.'s current operating margin is -2.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Axon Enterprise, Inc.'s business trajectory between earnings reports.