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