AXON ENTERPRISE, INC. (AXON) closed fiscal year 2025 with a gross margin of 59.7 % and a net margin of 4.5 %.
AXON ENTERPRISE, INC. (AXON) closed fiscal year 2025 with a gross margin of 59.7 % and a net margin of 4.5 %. The same year shows an EBITDA margin of 0.8 % and an EBIT margin of -2.2 %. The free cash flow margin was 2.7 %. Against the previous year the gross margin moved +0.0 pp and the net margin −13.6 pp. Across the period the gross margin ranges between 49.5 % in 2011 and 65.0 % in 2015. The series covers 17 fiscal years, from 2009 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 60.82 % | 52.19 % | 49.46 % | 59.01 % | 62.28 % | 61.72 % | 65.01 % | 63.57 % | 60.24 % | 61.56 % | 57.88 % | 61.13 % | 62.65 % | 61.16 % | 61.22 % | 59.61 % | 59.65 % |
| EBITDA margin (%) | 3.41 % | 2.47 % | -3.13 % | 25.31 % | 24.00 % | 22.38 % | 19.52 % | 13.24 % | 6.13 % | 8.44 % | 0.94 % | -0.25 % | -17.31 % | 9.78 % | 11.29 % | 5.14 % | 0.76 % |
| EBIT margin (%) | -0.08 % | -5.91 % | -12.13 % | 19.63 % | 20.28 % | 19.76 % | 17.86 % | 11.87 % | 3.79 % | 5.91 % | -1.20 % | -2.08 % | -19.47 % | 7.83 % | 10.05 % | 2.81 % | -2.23 % |
| Net margin (%) | -0.00 % | -5.04 % | -7.82 % | 12.84 % | 13.24 % | 12.11 % | 10.07 % | 6.45 % | 1.51 % | 6.95 % | 0.17 % | -0.25 % | -6.95 % | 12.38 % | 11.26 % | 18.10 % | 4.48 % |
| FCF margin (%) | -3.44 % | -3.79 % | 17.12 % | 21.95 % | 22.23 % | 20.01 % | 20.44 % | 6.03 % | 2.34 % | 12.55 % | 9.37 % | -5.01 % | 8.64 % | 15.13 % | 8.31 % | 15.82 % | 2.70 % |
