AXON
Axon Enterprise, Inc.
AXON trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT has the edge over AXON overall, supported by stronger valuation and stronger modeled upside.
AXON Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Weak |
AXON's revenue is currently healthy, and its profitability is stable, but its cash flow and balance sheet are under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
AXON PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 36x | $307 | — |
| Current | 99x | $307 | — |
| Cheap | 104x | $322 | +4.9% |
| Fair | 152x | $472 | +54% |
| Expensive | 201x | $625 | +103% |
Historical ranges are pointers, not guarantees.
AXON's PE is 99x, but its earnings don't support one, so it isn't a reliable read right now.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over AXON in the historical PE scenario, which offers more potential upside but is not a forecast.
AXON Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for AXON, but weaker profitability. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over AXON on the outlook, with more favorable profitability expectations.
AXON Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.54 | +174% |
| Q3 2026 | $3.11 | -1.9% |
| Q2 2026 | $2.40 | -41% |
| Q1 2026 | $2.48 | -40% |
| Q4 2025 | $1.51 | -69% |
| Q3 2025 | $3.17 | -18% |
| Q2 2025 | $4.06 | +6.8% |
| Q1 2025 | $4.15 | +21% |
| Q4 2024 | $4.80 | +108% |
AXON's earnings per share have fallen from their peak: $3.11 over the past year, against $4.80 in late 2024. Its recent earnings include one-off gains.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over AXON on earnings, with more consistent year-over-year improvement.
AXON Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $908.6M | +28% |
| Q2 2026 | $904.4M | +35% |
| Q1 2026 | $807.3M | +34% |
| Q4 2025 | $796.7M | +39% |
| Q3 2025 | $710.6M | +31% |
| Q2 2025 | $668.5M | +33% |
| Q1 2025 | $603.6M | +31% |
| Q4 2024 | $575.1M | +33% |
AXON has the edge over VRT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.6% | +4.9 points |
| Q2 2026 | 5.2% | +5.3 points |
| Q1 2026 | 3.6% | +5.1 points |
| Q4 2025 | -6.3% | -3.5 points |
| Q3 2025 | -0.3% | -4.7 points |
| Q2 2025 | -0.1% | -6.7 points |
| Q1 2025 | -1.5% | -5 points |
| Q4 2024 | -2.7% | -13 points |
AXON's operating margin was 4.6% last quarter, up 4.9 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT's revenue has grown year over year every quarter since late 2020: $4.3B last quarter, up 61% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over AXON on profitability, with a higher operating margin.
AXON Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$18.9M | -157% |
| Q2 2026 | -$972K | +$113.7M |
| Q1 2026 | -$54.6M | -5963% |
| Q4 2025 | $155.4M | -31% |
| Q3 2025 | $33.4M | -49% |
| Q2 2025 | -$114.7M | -260% |
| Q1 2025 | $932K | +$33.1M |
| Q4 2024 | $225.4M | +94% |
AXON usually generates cash, though not every quarter: the latest was −$19M, but it generated $81M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over AXON on cash flow, with more consistent year-over-year improvement.
AXON Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.4% | +1.1M shares |
| 1 year | +6.7% | +5.3M shares |
| 3 years | +10% | +7.7M shares |
| 5 years | +16% | +11.2M shares |
| Available history | +39% | +23.7M shares |
AXON has 84M diluted shares, up 6.7% from a year ago.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over AXON on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
AXON Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.4x | High |
| Q2 2026 | 8.5x | High |
| Q1 2026 | 18.2x | High |
| Q4 2025 | 28.9x | High |
| Q3 2025 | 12.7x | High |
| Q2 2025 | 23.6x | High |
| Q1 2025 | 10.3x | High |
| Q4 2024 | 2.1x | Moderate |
AXON's net debt is about 7.4 years of its operating earnings (EBITDA), down from 13 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over AXON on leverage, with a lower net debt burden relative to earnings.
AXON Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.9 | Neutral |
| Stochastic | 8.2 | Oversold |
AXON's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
AXON PE vs Industrials Sector
| Metric | AXON | Sector median | Relative |
|---|---|---|---|
| PE | 99x | 24x | 310% above |
| PE % | 13 | 58 | 45 pts below |
AXON is trading at 99x earnings, a 310% premium to the Industrials sector's median of 24x, though its earnings don't support one.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over AXON on valuation relative to its sector.
AXON Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $390.6 | 21% below |
| 20 week MA | $484.2 | 37% below |
| 50 week MA | $482.6 | 36% below |
| 100 week MA | $575.2 | 47% below |
| 200 week MA | $429.6 | 29% below |
AXON is in a downtrend: it's below all five of its weekly moving averages, and 29% below its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over AXON on trend strength, trading above more of its moving averages.
AXON Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $72.9 | $130.8 | +79% |
| 2021 | $130.8 | $160.5 | +23% |
| 2022 | $160.5 | $169.0 | +5.3% |
| 2023 | $169.0 | $258.3 | +53% |
| 2024 | $258.3 | $611.0 | +137% |
| 2025 | $611.0 | $583.8 | -4.4% |
| 2026 YTD | $583.8 | $307.1 | -47% |
AXON is down 47% so far in 2026, after finishing higher in five of the previous six years.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over AXON on returns for 2026, with the stronger performance.