Axon Enterprise Inc. (AXON)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 155,000 133,928 85,363 165,909 196,518 124,574 101,076 -19,205 -141,375 -95,121 -95,890 -56,109 -6,291 -27,231 -15,386 -2,773 2,070 16,984 13,788 18,242
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
Pretax margin 9.87% 9.12% 6.25% 12.99% 16.55% 11.64% 10.20% -2.08% -16.39% -10.91% -11.90% -7.70% -0.92% -4.35% -2.60% -0.49% 0.39% 3.59% 3.08% 4.20%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $155,000K ÷ $1,569,959K
= 9.87%

Axon Enterprise Inc's pretax margin has shown variability over the past eight quarters. In Q4 2023, the pretax margin stood at 9.91%, a slight increase from the previous quarter's 9.13%. However, compared to Q2 2023, where the pretax margin was 6.25%, the current quarter reflects an improvement. Notably, in Q1 2023, the company reported a relatively high pretax margin of 13.00%.

Looking back further, Q4 2022 also exhibited a higher pretax margin of 16.51%, indicating a decrease in profitability over the last two quarters. The upward trend seen in Q2 2022 and Q3 2022, with pretax margins of 10.19% and 11.63%, respectively, then dipped in Q1 2022, where the pretax margin was at -2.08%.

Overall, the pretax margin of Axon Enterprise Inc has shown volatility, with fluctuations between positive and negative margins. It is essential for the company to focus on maintaining consistency and improving profitability to ensure sustainable financial performance in the future.


Peer comparison

Dec 31, 2023