Axon Enterprise Inc. (AXON)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 155,000 | 196,518 | -141,375 | -6,291 | 2,070 |
| Revenue | US$ in thousands | 1,576,710 | 1,185,750 | 858,072 | 679,336 | 528,619 |
| Pretax margin | 9.83% | 16.57% | -16.48% | -0.93% | 0.39% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $155,000K ÷ $1,576,710K
= 9.83%
The pretax margin of Axon Enterprise Inc has exhibited significant fluctuations over the past five years. In 2023, the pretax margin stood at 9.91%, showing a decrease from the previous year's level of 16.51%. This decline suggests that the company's profitability before taxes decreased in 2023 compared to 2022.
Looking further back, in 2021, Axon Enterprise Inc experienced a negative pretax margin of -16.37%, indicating that the company was incurring losses before taxes. This downturn followed a year of marginal profitability in 2020, where the pretax margin was -0.92%.
However, in 2019, Axon Enterprise Inc managed to achieve a positive pretax margin of 0.39%, showing a slight profitability before taxes for that year.
Overall, the pretax margin trend for Axon Enterprise Inc has been volatile in recent years, with a mix of profitability and losses recorded. It is essential for the company to focus on improving cost management and revenue generation to ensure sustainable profitability and long-term financial health.
Peer comparison
Dec 31, 2023