Axon Enterprise Inc. (AXON)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 59.51% | 59.67% | 59.81% | 60.16% | 61.11% | 61.14% | 61.16% | 60.87% | 61.23% | 61.42% | 61.45% | 61.99% | 62.65% | 62.75% | 62.11% | 61.89% | 61.13% | 58.67% | 59.14% | 58.16% |
| Operating profit margin | 2.80% | 6.02% | 8.17% | 9.19% | 9.90% | 9.17% | 8.17% | 7.26% | 7.84% | 4.07% | 1.46% | -10.89% | -19.47% | -15.52% | -17.81% | -8.73% | -2.08% | -5.47% | -3.76% | -1.75% |
| 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% |
| Net profit margin | 18.05% | 15.37% | 16.05% | 15.60% | 11.14% | 9.96% | 7.24% | 10.76% | 12.37% | 9.75% | 14.20% | 4.62% | -6.95% | -2.37% | -8.69% | -7.37% | -0.25% | -6.37% | -5.58% | -0.26% |
Axon Enterprise Inc.'s profitability ratios show a positive trend over the years, indicating improvements in the company's ability to generate profits.
1. Gross profit margin has been relatively stable, ranging from 58.16% to 62.75% over the period. This suggests the company has been able to maintain a healthy level of profitability after accounting for the cost of goods sold.
2. Operating profit margin started in negative territory in early 2020 but gradually improved and turned positive by mid-2022, reaching a peak of 9.90% by the end of 2023. This indicates that the company has been successful in controlling its operating expenses and improving operational efficiency.
3. Pretax margin reflects a similar pattern to the operating profit margin, with the company making significant progress from negative margins to positive margins, reaching 18.25% by the end of 2024. This indicates that Axon Enterprise has been able to generate profits before accounting for taxes, showing a strong financial performance.
4. Net profit margin also improved consistently over the years, starting from negative margins in 2020 to positive margins exceeding 18% at the end of 2024. This indicates that the company has been able to manage its expenses effectively and improve its bottom line profitability.
In conclusion, Axon Enterprise Inc.'s profitability ratios show a positive trajectory, reflecting improvements in its operational efficiency and overall financial performance.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.30% | 2.92% | 3.95% | 4.27% | 4.50% | 4.13% | 3.62% | 3.08% | 3.27% | 2.17% | 0.75% | -5.68% | -9.96% | -8.22% | -9.41% | -4.53% | -1.02% | -2.68% | -1.80% | -1.12% |
| Return on assets (ROA) | 8.41% | 7.45% | 7.77% | 7.25% | 5.07% | 4.49% | 3.21% | 4.57% | 5.16% | 5.20% | 7.29% | 2.41% | -3.56% | -1.26% | -4.59% | -3.82% | -0.12% | -3.12% | -2.67% | -0.17% |
| Return on total capital | 9.35% | 8.48% | 7.88% | 5.84% | 8.18% | 6.96% | 5.19% | 7.60% | 6.33% | 2.51% | 0.81% | -9.22% | -16.19% | -12.14% | -13.08% | -6.29% | -1.45% | -3.87% | -2.59% | -1.82% |
| Return on equity (ROE) | 16.16% | 14.21% | 15.07% | 14.43% | 10.81% | 9.61% | 6.84% | 9.79% | 11.60% | 8.48% | 11.80% | 3.80% | -5.73% | -1.86% | -6.38% | -5.31% | -0.18% | -4.46% | -3.79% | -0.26% |
The profitability ratios of Axon Enterprise Inc. have shown varying trends over the quarters analyzed. The Operating Return on Assets (Operating ROA) has fluctuated significantly, starting from negative values in 2020 and gradually improving to positive figures by the end of 2024. This indicates that the company's operating efficiency in generating profits from its assets has increased over time.
Similarly, the Return on Assets (ROA) also began with negative values in the earlier periods but saw a consistent improvement towards positive figures in 2022 and beyond. This suggests that the overall profitability in relation to the total assets has enhanced, reflecting a better utilization of the company's assets to generate earnings.
The Return on Total Capital initially showed negative numbers, signaling a lower return compared to the invested capital. However, the ratios gradually increased over the quarters, indicating an improvement in the company's ability to generate returns for both equity and debt holders.
Lastly, the Return on Equity (ROE) started in the negative territory, but displayed a steady growth trend, reaching double-digit percentages in the later periods. This shows that the company has been successful in leveraging shareholder equity to generate higher returns, indicating increased profitability and efficiency in utilizing shareholder investments.
Overall, the improving trend in these profitability ratios reflects a positive trajectory for Axon Enterprise Inc., suggesting better management of assets and capital, leading to enhanced profitability and shareholder value over the quarters analyzed.