Axon Enterprise, Inc.
$39.59B- Market cap
- $38.90B
- Debt
- +$1.89B
- Cash
- −$1.20B
Capital structure 95% equity / 5% debt · EV / Revenue 14.24x · EV proxy / EBITDA proxy 1877.67x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: AXON stock price at premium vs AAPL $478.85 current versus $55.03 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at AAPL's multiple
Implied fair value · at AXON's multiple
Close Dec 31, 2025
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Multiple premium
Higher P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 95% equity / 5% debt · EV / Revenue 14.24x · EV proxy / EBITDA proxy 1877.67x
Capital structure 98% equity / 2% debt · EV / Revenue 9.68x · EV proxy / EBITDA proxy 27.84x
AAPL carries the larger enterprise value at $4.03T against $39.59B; AAPL trades on the lower EV / Revenue multiple (9.68x vs 14.24x); AAPL on the lower EV / EBITDA (27.84x vs 1877.67x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Axon Enterprise, Inc. · implied price per share
Bear
$23.07
Base
$28.02
Bull
$34.69
Apple Inc. · implied price per share
Bear
$102.98
Base
$125.76
Bull
$143.55
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe AXON can sustain 30%+ revenue growth while rapidly converting that growth into positive operating margins and much higher ROIC, then hold or selectively add only with strict risk controls because the current price implies a far stronger earnings path than the present data supports.
AXON’s current price of $529.41 sits well above AAPL-implied range of $60.76 to $374.85 and far above the DCF range of $2.66 to $3.60, indicating a very large valuation disconnect. The gap is driven by AXON’s much richer multiples than AAPL, especially on P/E and EV/EBITDA, while revenue growth is faster but not enough to justify the premium.
Supporting Metrics