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 2026 · View financials
Decision snapshot: AXON stock price vs ZS: 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 ZS's multiple
Needs ZS P/E.
Implied fair value · at AXON's multiple
Needs Annual EPS is negative.
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
Nine 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
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
Zscaler Inc · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
TYLER TECHNOLOGIES INC
AXON vs TYL
TELEDYNE TECHNOLOGIES INC
AXON vs TDY
LOCKHEED MARTIN CORP
AXON vs LMT
GENERAL DYNAMICS CORP
AXON vs GD
HUNTINGTON INGALLS INDUSTRIES, INC.
AXON vs HII
Howmet Aerospace Inc.
AXON vs HWM
Palo Alto Networks Inc
AXON vs PANW
CrowdStrike Holdings, Inc.
AXON vs CRWD
Okta, Inc.
AXON vs OKTA
Cloudflare, Inc.
AXON vs NET
Fortinet, Inc.
AXON vs FTNT
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 converting more of that growth into durable margins, then hold or accumulate selectively despite the rich multiple because AXON’s profitability and growth are stronger than ZS’s in the provided data.
On the provided P/S basis, AXON trades at 16.7x versus ZS at 10.1x, which suggests AXON carries a valuation premium despite the implied price model pointing to downside of -38.8%. AXON is also above its historical band midpoint, sitting near the upper end of the $513.91-$628.11 range, while the DCF range is far below the current price, signaling the market is embedding aggressive expectations.
Supporting Metrics