Axon Enterprise Inc. (AXON)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 955,382 | 728,638 | 540,910 | 416,331 | 307,286 |
| Revenue | US$ in thousands | 1,576,710 | 1,185,750 | 858,072 | 679,336 | 528,619 |
| Gross profit margin | 60.59% | 61.45% | 63.04% | 61.28% | 58.13% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $955,382K ÷ $1,576,710K
= 60.59%
From the data provided, Axon Enterprise Inc has maintained a relatively stable gross profit margin over the past five years, ranging from 57.88% in 2019 to 62.65% in 2021. The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold, indicating the company's ability to generate profit from its core operations.
Axon's gross profit margin has shown consistency and strength, remaining above 60% in recent years. This suggests that the company has effectively managed its production costs and pricing strategies to preserve a healthy margin on its products. A high gross profit margin is generally favorable as it allows the company to cover operating expenses and potentially reinvest in growth initiatives.
Overall, the trend in Axon's gross profit margin indicates a solid financial performance in terms of managing costs and generating profits from its core business activities.
Peer comparison
Dec 31, 2023