Axon Enterprise Inc. (AXON)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	174,227	146,131	98,865	137,407	147,139	104,456	140,849	42,770	-60,018	-20,676	-70,073	-53,715	-1,724	-39,937	-32,960	-1,463	882	15,344	14,951	22,698
Revenue (ttm)	US$ in thousands	1,569,959	1,468,095	1,366,248	1,277,256	1,187,386	1,070,477	990,712	923,894	862,707	871,660	806,113	728,577	680,248	626,197	590,674	561,872	530,795	473,735	447,652	434,421
Net profit margin		11.10%	9.95%	7.24%	10.76%	12.39%	9.76%	14.22%	4.63%	-6.96%	-2.37%	-8.69%	-7.37%	-0.25%	-6.38%	-5.58%	-0.26%	0.17%	3.24%	3.34%	5.22%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $174,227K ÷ $1,569,959K
= 11.10%

Axon Enterprise Inc's net profit margin has exhibited fluctuations over the past eight quarters. The trend shows some variations in performance, ranging from a low of 4.62% in Q1 2022 to a high of 14.20% in Q2 2022. In the most recent quarter, Q4 2023, the net profit margin increased to 11.14% compared to the previous quarter, indicating improved profitability. However, it is important to note that the net profit margin was higher in Q4 2022 at 12.37%, suggesting a relative decrease in profitability year-over-year. Overall, further analysis of the company's financial performance and factors impacting its profitability would be necessary to provide a more precise evaluation.