Axon Enterprise Inc. (AXON)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 377,034 | 174,227 | 147,139 | -60,018 | -1,724 |
| Revenue | US$ in thousands | 2,082,530 | 1,563,390 | 1,189,940 | 863,381 | 681,003 |
| Net profit margin | 18.10% | 11.14% | 12.37% | -6.95% | -0.25% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $377,034K ÷ $2,082,530K
= 18.10%
Axon Enterprise Inc.'s net profit margin has displayed fluctuations over the years, indicating changes in the company's profitability. The net profit margin reflects the company's ability to convert revenue into profit after accounting for all expenses. In December 2020, the net profit margin was negative at -0.25%, suggesting that the company had incurred losses. This negative trend continued in December 2021, with a further decline to -6.95%, indicating a significant decrease in profitability.
However, there was a notable improvement in December 2022 when the net profit margin turned positive at 12.37%, showing a strong rebound in profitability. This positive momentum continued into December 2023, with a slight decrease to 11.14% but still indicating a healthy profit margin. By December 2024, the net profit margin further improved to 18.10%, demonstrating a significant increase compared to previous years.
Overall, the fluctuating trend in Axon Enterprise Inc.'s net profit margin indicates the company's ability to adapt to changing market conditions and improve profitability over time. The positive turnaround from negative margins to double-digit percentages suggests effective cost management and revenue generation strategies implemented by the company.
Peer comparison
Dec 31, 2024