How do American Water Works and Axon Enterprise compare by revenue?

American Water Works reported revenue of $1.3B in Q4 FY2025, while Axon Enterprise reported $796.7M in Q4 FY2025. American Water Works is 1.6× larger by last-quarter revenue.

Which is growing revenue faster, American Water Works or Axon Enterprise?

American Water Works's latest revenue grew 5.8% year-over-year, versus 38.9% for Axon Enterprise. Axon Enterprise is growing faster on a YoY basis.

Which has a higher net margin, American Water Works or Axon Enterprise?

American Water Works's net margin is 18.7% vs Axon Enterprise's 0.3%. American Water Works has the higher bottom-line margin.

Which generates more free cash flow, American Water Works or Axon Enterprise?

American Water Works generated $-385.0M of free cash flow last quarter, versus $155.4M for Axon Enterprise. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for American Water Works vs Axon Enterprise?

Over the trailing 8 quarters, American Water Works compounded revenue at roughly 12.6% per year, versus 31.5% for Axon Enterprise. Axon Enterprise has the faster medium-term growth trajectory.

Where does this AWK vs AXON data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of American Water Works (AWK) and Axon Enterprise (AXON). Click either name above to swap in a different company.

American Water Works is the larger business by last-quarter revenue ($1.3B vs $796.7M, roughly 1.6× Axon Enterprise). American Water Works runs the higher net margin — 18.7% vs 0.3%, a 18.4% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 5.8%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $-385.0M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 12.6%).

American Water WorksAWKEarnings & Financial Report

NYSE · Utilities · Regulated Water

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers...

Axon EnterpriseAXONEarnings & Financial Report

Nasdaq · Industrials · Ordnance & Accessories, (No Vehicles/Guided Missiles)

Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.

AWK vs AXON — Head-to-Head

Bigger by revenue

AWK

1.6× larger

$1.3B

$796.7M

Growing faster (revenue YoY)

AXON

+33.1% gap

38.9%

5.8%

Higher net margin

AWK

18.4% more per $

18.7%

0.3%

More free cash flow

AXON

$540.4M more FCF

$155.4M

$-385.0M

Faster 2-yr revenue CAGR

AXON

Annualised

31.5%

12.6%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	AWK	AXON
Revenue	$1.3B	$796.7M
Net Profit	$238.0M	$2.7M
Gross Margin	—	57.9%
Operating Margin	31.9%	-6.3%
Net Margin	18.7%	0.3%
Revenue YoY	5.8%	38.9%
Net Profit YoY	-0.4%	-98.0%
EPS (diluted)	$1.22	$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.

Revenue

AWK

AXON

Q4 25	$1.3B	$796.7M
Q3 25	$1.5B	$710.6M
Q2 25	$1.3B	$668.5M
Q1 25	$1.1B	$603.6M
Q4 24	$1.2B	$573.4M
Q3 24	$1.3B	$544.3M
Q2 24	$1.1B	$504.1M
Q1 24	$1.0B	$460.7M

Net Profit

AWK

AXON

Q4 25	$238.0M	$2.7M
Q3 25	$379.0M	$-2.2M
Q2 25	$289.0M	$36.1M
Q1 25	$205.0M	$88.0M
Q4 24	$239.0M	$136.0M
Q3 24	$350.0M	$67.0M
Q2 24	$277.0M	$40.8M
Q1 24	$185.0M	$133.2M

Gross Margin

AWK

AXON

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 24	—	56.4%

Operating Margin

AWK

AXON

Q4 25	31.9%	-6.3%
Q3 25	42.2%	-0.3%
Q2 25	38.4%	-0.2%
Q1 25	32.7%	-1.5%
Q4 24	33.3%	-2.6%
Q3 24	40.9%	4.4%
Q2 24	39.4%	6.5%
Q1 24	32.5%	3.5%

Net Margin

AWK

AXON

Q4 25	18.7%	0.3%
Q3 25	26.1%	-0.3%
Q2 25	22.7%	5.4%
Q1 25	18.1%	14.6%
Q4 24	19.9%	23.7%
Q3 24	26.4%	12.3%
Q2 24	24.3%	8.1%
Q1 24	18.4%	28.9%

EPS (diluted)

AWK

AXON

Q4 25	$1.22	$0.02
Q3 25	$1.94	$-0.03
Q2 25	$1.48	$0.44
Q1 25	$1.05	$1.08
Q4 24	$1.22	$1.68
Q3 24	$1.80	$0.86
Q2 24	$1.42	$0.53
Q1 24	$0.95	$1.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric	AWK	AXON
Cash + ST InvestmentsLiquidity on hand	$98.0M	$1.7B
Total DebtLower is stronger	$12.8B	$1.8B
Stockholders' EquityBook value	$10.8B	$3.2B
Total Assets	$35.4B	$7.0B
Debt / EquityLower = less leverage	1.18×	0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AWK

AXON

Q4 25	$98.0M	$1.7B
Q3 25	$166.0M	$2.4B
Q2 25	$94.0M	$2.1B
Q1 25	$114.0M	$2.2B
Q4 24	$96.0M	$788.1M
Q3 24	$127.0M	$1.0B
Q2 24	$48.0M	$968.9M
Q1 24	$584.0M	$964.1M

Total Debt

AWK

AXON

Q4 25	$12.8B	$1.8B
Q3 25	$13.0B	$2.0B
Q2 25	$12.3B	$2.0B
Q1 25	$13.3B	$2.0B
Q4 24	$12.5B	$680.3M
Q3 24	$12.6B	—
Q2 24	$12.6B	—
Q1 24	$12.6B	—

Stockholders' Equity

AWK

AXON

Q4 25	$10.8B	$3.2B
Q3 25	$10.9B	$3.0B
Q2 25	$10.7B	$2.7B
Q1 25	$10.5B	$2.6B
Q4 24	$10.3B	$2.3B
Q3 24	$10.4B	$2.1B
Q2 24	$10.2B	$1.9B
Q1 24	$10.0B	$1.8B

Total Assets

AWK

AXON

Q4 25	$35.4B	$7.0B
Q3 25	$34.7B	$6.7B
Q2 25	$33.9B	$6.2B
Q1 25	$33.2B	$6.1B
Q4 24	$32.8B	$4.5B
Q3 24	$31.8B	$4.0B
Q2 24	$31.2B	$3.7B
Q1 24	$31.1B	$3.6B

Debt / Equity

AWK

AXON

Q4 25	1.18×	0.56×
Q3 25	1.19×	0.66×
Q2 25	1.15×	0.73×
Q1 25	1.26×	0.79×
Q4 24	1.21×	0.29×
Q3 24	1.21×	—
Q2 24	1.24×	—
Q1 24	1.26×	—

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	AWK	AXON
Operating Cash FlowLast quarter	$663.0M	$217.2M
Free Cash FlowOCF − Capex	$-385.0M	$155.4M
FCF MarginFCF / Revenue	-30.3%	19.5%
Capex IntensityCapex / Revenue	82.5%	7.8%
Cash ConversionOCF / Net Profit	2.79×	79.14×
TTM Free Cash FlowTrailing 4 quarters	$-1.1B	$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

AWK

AXON

Q4 25	$663.0M	$217.2M
Q3 25	$764.0M	$60.0M
Q2 25	$301.0M	$-91.7M
Q1 25	$331.0M	$25.8M
Q4 24	$639.0M	$250.2M
Q3 24	$679.0M	$91.3M
Q2 24	$345.0M	$82.8M
Q1 24	$382.0M	$-15.9M

Free Cash Flow

AWK

AXON

Q4 25	$-385.0M	$155.4M
Q3 25	$-33.0M	$33.4M
Q2 25	$-432.0M	$-114.7M
Q1 25	$-217.0M	$932.0K
Q4 24	$-255.0M	$225.4M
Q3 24	$-4.0M	$64.8M
Q2 24	$-325.0M	$71.4M
Q1 24	$-227.0M	$-32.1M