Axon Enterprise Inc. (AXON)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 154,789 | 93,253 | -168,123 | -14,150 | -6,394 |
| Revenue | US$ in thousands | 1,576,710 | 1,185,750 | 858,072 | 679,336 | 528,619 |
| Operating profit margin | 9.82% | 7.86% | -19.59% | -2.08% | -1.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $154,789K ÷ $1,576,710K
= 9.82%
The operating profit margin of Axon Enterprise Inc has shown a positive trend over the last five years, albeit with fluctuations. In 2023, the operating profit margin improved significantly to 9.90% from 7.84% in 2022. This indicates that the company was able to generate a higher proportion of operating profit relative to its revenue. However, it's noteworthy that in 2021, the operating profit margin was negative at -19.47%, which suggests that the company's operating expenses exceeded its operating income significantly. The negative margins in 2020 and 2019 also raise concerns about the company's operational efficiency during those periods. Overall, the recent improvement in the operating profit margin is a positive sign, but it's essential for the company to sustain and further enhance its profitability in the future.
Peer comparison
Dec 31, 2023