Axon Enterprise Inc. (AXON)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 380,444 | 351,681 | 341,535 | 278,836 | 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 |
| Revenue (ttm) | US$ in thousands | 2,084,254 | 1,941,251 | 1,810,578 | 1,681,084 | 1,563,391 | 1,467,391 | 1,365,544 | 1,276,552 | 1,189,935 | 1,071,371 | 991,606 | 924,788 | 863,381 | 871,943 | 806,396 | 728,860 | 681,003 | 626,714 | 591,109 | 562,212 |
| Pretax margin | 18.25% | 18.12% | 18.86% | 16.59% | 9.91% | 9.13% | 6.25% | 13.00% | 16.52% | 11.63% | 10.19% | -2.08% | -16.37% | -10.91% | -11.89% | -7.70% | -0.92% | -4.35% | -2.60% | -0.49% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $380,444K ÷ $2,084,254K
= 18.25%
Axon Enterprise Inc.'s pretax margin experienced fluctuations over the analyzed periods. The trend in the pretax margin shows a downward trajectory from March 31, 2020, to December 31, 2021, with negative percentages recorded throughout this period. Notably, the pretax margin hit its lowest point at -16.37% on December 31, 2021.
From March 31, 2022, there was a significant positive shift in the pretax margin, which continued to improve consistently quarter over quarter until December 31, 2024, reaching a high of 18.25%. This indicates a remarkable turnaround and enhancement in the company's ability to generate profit before taxes.
The rising trend in pretax margin from 2022 to 2024 suggests that Axon Enterprise Inc. effectively managed its costs and operational efficiency, resulting in increased profitability. The company was able to amplify its earnings relative to its revenue during this period.
Overall, the improvement in pretax margin from negative values to positive double-digit percentages demonstrates Axon Enterprise Inc.'s operational effectiveness and strategic decision-making in driving profitability during the later analyzed periods.
Peer comparison
Dec 31, 2024