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Side-by-side financial comparison of Allstate (ALL) and Axon Enterprise (AXON). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($922.0M vs $796.7M, roughly 1.2× Axon Enterprise). Allstate runs the higher net margin — 266.6% vs 0.3%, a 266.2% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 7.2%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
ALL vs AXON — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $796.7M |
| Net Profit | $2.5B | $2.7M |
| Gross Margin | — | 57.9% |
| Operating Margin | -1400.3% | -6.3% |
| Net Margin | 266.6% | 0.3% |
| Revenue YoY | 7.2% | 38.9% |
| Net Profit YoY | — | -98.0% |
| EPS (diluted) | $9.25 | $0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $922.0M | — | ||
| Q4 25 | $17.3B | $796.7M | ||
| Q3 25 | $17.3B | $710.6M | ||
| Q2 25 | $16.6B | $668.5M | ||
| Q1 25 | $16.5B | $603.6M | ||
| Q4 24 | $16.5B | $573.4M | ||
| Q3 24 | $16.6B | $544.3M | ||
| Q2 24 | $15.7B | $504.1M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $3.8B | $2.7M | ||
| Q3 25 | $3.7B | $-2.2M | ||
| Q2 25 | $2.1B | $36.1M | ||
| Q1 25 | $595.0M | $88.0M | ||
| Q4 24 | $1.9B | $136.0M | ||
| Q3 24 | $1.2B | $67.0M | ||
| Q2 24 | $331.0M | $40.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 57.9% | ||
| Q3 25 | — | 60.1% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 60.5% | ||
| Q3 24 | — | 60.8% | ||
| Q2 24 | — | 60.3% |
| Q1 26 | -1400.3% | — | ||
| Q4 25 | — | -6.3% | ||
| Q3 25 | — | -0.3% | ||
| Q2 25 | — | -0.2% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | -2.6% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | 266.6% | — | ||
| Q4 25 | 22.1% | 0.3% | ||
| Q3 25 | 21.7% | -0.3% | ||
| Q2 25 | 12.7% | 5.4% | ||
| Q1 25 | 3.6% | 14.6% | ||
| Q4 24 | 11.7% | 23.7% | ||
| Q3 24 | 7.2% | 12.3% | ||
| Q2 24 | 2.1% | 8.1% |
| Q1 26 | $9.25 | — | ||
| Q4 25 | $14.24 | $0.02 | ||
| Q3 25 | $13.95 | $-0.03 | ||
| Q2 25 | $7.76 | $0.44 | ||
| Q1 25 | $2.11 | $1.08 | ||
| Q4 24 | $7.07 | $1.68 | ||
| Q3 24 | $4.33 | $0.86 | ||
| Q2 24 | $1.13 | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.7B |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $31.6B | $3.2B |
| Total Assets | $124.0B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $1.7B | ||
| Q3 25 | $8.7B | $2.4B | ||
| Q2 25 | $9.6B | $2.1B | ||
| Q1 25 | $6.5B | $2.2B | ||
| Q4 24 | $4.5B | $788.1M | ||
| Q3 24 | $7.0B | $1.0B | ||
| Q2 24 | $5.3B | $968.9M |
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $1.8B | ||
| Q3 25 | $8.1B | $2.0B | ||
| Q2 25 | $8.1B | $2.0B | ||
| Q1 25 | $8.1B | $2.0B | ||
| Q4 24 | $8.1B | $680.3M | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — |
| Q1 26 | $31.6B | — | ||
| Q4 25 | $30.6B | $3.2B | ||
| Q3 25 | $27.5B | $3.0B | ||
| Q2 25 | $24.0B | $2.7B | ||
| Q1 25 | $22.1B | $2.6B | ||
| Q4 24 | $21.4B | $2.3B | ||
| Q3 24 | $20.9B | $2.1B | ||
| Q2 24 | $18.6B | $1.9B |
| Q1 26 | $124.0B | — | ||
| Q4 25 | $119.8B | $7.0B | ||
| Q3 25 | $120.4B | $6.7B | ||
| Q2 25 | $115.9B | $6.2B | ||
| Q1 25 | $115.2B | $6.1B | ||
| Q4 24 | $111.6B | $4.5B | ||
| Q3 24 | $113.7B | $4.0B | ||
| Q2 24 | $108.4B | $3.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | 0.56× | ||
| Q3 25 | 0.29× | 0.66× | ||
| Q2 25 | 0.34× | 0.73× | ||
| Q1 25 | 0.37× | 0.79× | ||
| Q4 24 | 0.38× | 0.29× | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $217.2M |
| Free Cash FlowOCF − Capex | — | $155.4M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 7.8% |
| Cash ConversionOCF / Net Profit | — | 79.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $217.2M | ||
| Q3 25 | $3.3B | $60.0M | ||
| Q2 25 | $1.9B | $-91.7M | ||
| Q1 25 | $2.0B | $25.8M | ||
| Q4 24 | $1.7B | $250.2M | ||
| Q3 24 | $3.2B | $91.3M | ||
| Q2 24 | $2.4B | $82.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $155.4M | ||
| Q3 25 | $3.2B | $33.4M | ||
| Q2 25 | $1.9B | $-114.7M | ||
| Q1 25 | $1.9B | $932.0K | ||
| Q4 24 | $1.7B | $225.4M | ||
| Q3 24 | $3.1B | $64.8M | ||
| Q2 24 | $2.3B | $71.4M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 19.5% | ||
| Q3 25 | 18.8% | 4.7% | ||
| Q2 25 | 11.3% | -17.2% | ||
| Q1 25 | 11.4% | 0.2% | ||
| Q4 24 | 10.0% | 39.3% | ||
| Q3 24 | 18.9% | 11.9% | ||
| Q2 24 | 14.7% | 14.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 7.8% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.0% | 3.4% | ||
| Q1 25 | 0.6% | 4.1% | ||
| Q4 24 | 0.3% | 4.3% | ||
| Q3 24 | 0.4% | 4.9% | ||
| Q2 24 | 0.4% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.78× | 79.14× | ||
| Q3 25 | 0.88× | — | ||
| Q2 25 | 0.89× | -2.54× | ||
| Q1 25 | 3.30× | 0.29× | ||
| Q4 24 | 0.88× | 1.84× | ||
| Q3 24 | 2.69× | 1.36× | ||
| Q2 24 | 7.13× | 2.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
AXON
| Software And Sensors Segment | $342.5M | 43% |
| TASER Devices Professional | $264.2M | 33% |
| Personal Sensors | $109.1M | 14% |
| Platform Solutions | $80.9M | 10% |
