Axon Enterprise Inc. (AXON)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,240,377 | 1,158,415 | 1,082,940 | 1,011,326 | 955,382 | 897,174 | 835,159 | 777,001 | 728,638 | 658,020 | 609,330 | 573,296 | 540,910 | 547,155 | 500,828 | 451,076 | 416,331 | 367,665 | 349,594 | 326,977 |
| Revenue (ttm) | US$ in thousands | 2,084,254 | 1,941,251 | 1,810,578 | 1,681,084 | 1,563,391 | 1,467,391 | 1,365,544 | 1,276,552 | 1,189,935 | 1,071,371 | 991,606 | 924,788 | 863,381 | 871,943 | 806,396 | 728,860 | 681,003 | 626,714 | 591,109 | 562,212 |
| Gross profit margin | 59.51% | 59.67% | 59.81% | 60.16% | 61.11% | 61.14% | 61.16% | 60.87% | 61.23% | 61.42% | 61.45% | 61.99% | 62.65% | 62.75% | 62.11% | 61.89% | 61.13% | 58.67% | 59.14% | 58.16% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,240,377K ÷ $2,084,254K
= 59.51%
The gross profit margin of Axon Enterprise Inc. has shown a relatively stable trend over the past few years. Starting at 58.16% in March 2020, the margin gradually increased to reach its peak at 62.75% in September 2021. However, after that point, the margin experienced some fluctuations but overall maintained levels above 60%. By December 31, 2024, the gross profit margin had decreased slightly to 59.51%.
Overall, Axon Enterprise Inc. has demonstrated consistent operational efficiency in generating gross profit relative to its revenue, with the margin staying relatively healthy throughout the period analyzed. The company's ability to control production and distribution costs while maximizing sales revenue has played a key role in sustaining its gross profit margin at favorable levels.
Peer comparison
Dec 31, 2024