Axon Enterprise Valuation Multiples

Axon Enterprise Overview

About Axon Enterprise

Axon Enterprise Inc is building a public safety operating system by integrating a suite of hardware devices and cloud software solutions. The company's suite includes cloud-hosted digital evidence management solutions, TASER energy devices, drones and robotic security, and training solutions. Its operation comprises of two operating segments, Software and Services, and Connected Devices. The company generates the majority of its revenue from the Connected Devices segment, which is engaged in developing, manufacturing, and selling fully integrated hardware solutions such as conducted energy devices sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.

Founded

1993

HQ

Employees

6.3K

Website

axon.com

Sectors

Defense SystemsDefenseTechIndustry 4.0

Financials (LTM)

Revenue: $3B

EBITDA: $751M

EV

$46B

Valuation Multiples

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Axon Enterprise Financials

Axon Enterprise reported last 12-month revenue of $3B and EBITDA of $751M.

In the same LTM period, Axon Enterprise generated $2B in gross profit, $751M in EBITDA, and $128M in net income.

Axon Enterprise P&L

In the most recent fiscal year, Axon Enterprise reported revenue of $3B and EBITDA of $710M.

Axon Enterprise expects next 12-month revenue of XXX and NTM EBITDA of XXX

Axon Enterprise Stock Performance

Axon Enterprise has current market cap of $46B, and enterprise value of $46B.

Axon Enterprise's stock price is $572.02.

Axon Enterprise Valuation Multiples

Axon Enterprise trades at 15.7x EV/Revenue multiple, and 61.5x EV/EBITDA.

Axon Enterprise Financial Valuation Multiples

As of March 15, 2026, Axon Enterprise has market cap of $46B and EV of $46B.

Equity research analysts estimate Axon Enterprise's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Axon Enterprise has a P/E ratio of 360.3x.

Axon Enterprise Margins & Growth Rates

Axon Enterprise's revenue in the last 12 month grew by 29%.

Axon Enterprise's revenue per employee in the last FY averaged $0.5M.

Axon Enterprise's rule of 40 is 55% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Axon Enterprise's rule of X is 99% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Axon Enterprise Public Comps

See public comps and valuation multiples for other Defense Systems comps.

Axon Enterprise M&A Activity

Axon Enterprise acquired XXX companies to date.

Last acquisition by Axon Enterprise was on XXXXXXXX, XXXXX. Axon Enterprise acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Axon Enterprise Investment Activity

Axon Enterprise invested in XXX companies to date.

Axon Enterprise made its latest investment on XXXXXXXX, XXXXX. Axon Enterprise invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).