Axon Enterprise Inc. (AXON)

Operating 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
Operating income (ttm) US$ in thousands 154,789 134,521 111,515 92,667 93,253 43,646 14,429 -100,667 -168,123 -135,282 -143,621 -63,612 -14,150 -34,311 -22,246 -9,865 -6,394 9,985 7,335 13,929
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
Operating profit margin 9.86% 9.16% 8.16% 7.26% 7.85% 4.08% 1.46% -10.90% -19.49% -15.52% -17.82% -8.73% -2.08% -5.48% -3.77% -1.76% -1.20% 2.11% 1.64% 3.21%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $154,789K ÷ $1,569,959K
= 9.86%

Axon Enterprise Inc's operating profit margin has shown a generally upward trend over the past eight quarters, indicating improvements in the company's operational efficiency and profitability. The operating profit margin increased from -10.89% in Q1 2022 to 9.90% in Q4 2023. This positive trend suggests that the company has been able to control its operating expenses better and generate higher profits from its core business activities. It is worth noting that the operating profit margin fluctuated throughout the period, with some quarters showing significant improvements compared to the previous quarter, such as Q2 2023 and Q4 2022, while other quarters saw more moderate changes. Overall, the consistent improvement in the operating profit margin reflects positively on Axon Enterprise Inc's financial performance and ability to generate profits from its operations.


Peer comparison

Dec 31, 2023

Company name
Symbol
Operating profit margin
Axon Enterprise Inc.
AXON
9.86%
National Presto Industries Inc
NPK
10.28%
Sturm Ruger & Company Inc
RGR
9.58%
Vista Outdoor Inc
VSTO
1.83%

See also:

Axon Enterprise Inc. Operating Profit Margin (Quarterly Data)