Axon Enterprise Inc. (AXON)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,241,380 | 955,382 | 728,638 | 540,910 | 416,331 |
| Revenue | US$ in thousands | 2,082,530 | 1,563,390 | 1,189,940 | 863,381 | 681,003 |
| Gross profit margin | 59.61% | 61.11% | 61.23% | 62.65% | 61.13% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,241,380K ÷ $2,082,530K
= 59.61%
Over the past five years, Axon Enterprise Inc.'s gross profit margin has demonstrated a strong trend, increasing from 61.13% in 2020 to a peak of 62.65% in 2021. However, in the following years, the margin experienced a slight decline, with the figure standing at 59.61% by December 31, 2024. Despite the recent decrease, the company has generally maintained a healthy gross profit margin above 60% throughout the period under consideration. This indicates that Axon has been effectively managing its production costs and generating sufficient revenue to cover the direct costs associated with its products and services. It is important for the company to monitor this trend closely to ensure that it remains competitive and profitable in the long run.
Peer comparison
Dec 31, 2024