Axon Enterprise, Inc.
$39.98B- Market cap
- $39.29B
- Debt
- +$1.89B
- Cash
- −$1.20B
Capital structure 95% equity / 5% debt · EV / Revenue 14.38x · EV proxy / EBITDA proxy 1895.97x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $39.29B · View financials
Snapshot Sep 11, 2026, 11:43 AM ET
Decision snapshot: AXON stock price vs ADI: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ADI's multiple
Needs ADI P/E.
Implied fair value · at AXON's multiple
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Lower is better
Not comparable
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
Ten 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 14.38x · EV proxy / EBITDA proxy 1895.97x
Complete market value, debt and cash evidence is required for enterprise value.
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
Analog Devices, Inc. · implied price per share
Bear
$90.56
Base
$108.26
Bull
$131.32
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.
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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 rapidly expand operating margins and sustain 30%+ revenue growth, then a premium can be justified; otherwise, the data favors trimming or avoiding the stock because AXON’s valuation is far above the P/E implied value while profitability and ROIC remain materially weaker than ADI’s.
AXON’s current price of $575.88 sits above the top of ADI-implied range ($551.60) and below the historical band high ($633.47), but far above ADI-implied midpoint relative to ADI. The headline P/E gap is extreme: AXON at 381.4x versus ADI at 79.4x, while P/S and EV/Revenue are nearly the same, implying the valuation disagreement is really about profitability and earnings quality rather than revenue scale.
Supporting Metrics