Axon Enterprise Inc. (AXON)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 58,540 | 154,789 | 93,253 | -168,123 | -14,150 |
| Revenue | US$ in thousands | 2,082,530 | 1,563,390 | 1,189,940 | 863,381 | 681,003 |
| Operating profit margin | 2.81% | 9.90% | 7.84% | -19.47% | -2.08% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $58,540K ÷ $2,082,530K
= 2.81%
Based on the provided data, Axon Enterprise Inc.'s operating profit margin has shown significant fluctuations over the years.
In December 2020, the operating profit margin was negative at -2.08%, indicating that the company was experiencing operational inefficiencies or facing challenges in generating profits from its core business activities.
By December 2021, the situation had worsened with a steep decline in the operating profit margin to -19.47%, suggesting a significant decrease in profitability and potential financial difficulties.
However, there was a notable turnaround by December 2022, with the operating profit margin improving to 7.84%. This could signify improved cost management, increased sales, or other operational enhancements contributing to better profitability.
The positive trend continued into December 2023, where the operating profit margin further increased to 9.90%, indicating sustained improvements in the company's operational performance and profitability.
By December 2024, although the operating profit margin slightly declined to 2.81%, the company still maintained a positive margin, showing a reasonable level of profitability.
Overall, the fluctuations in Axon Enterprise Inc.'s operating profit margin over the years underscore the importance of closely monitoring and managing operational efficiency and profitability to ensure long-term financial sustainability and success.
Peer comparison
Dec 31, 2024