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Side-by-side financial comparison of Axon Enterprise (AXON) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $439.3M, roughly 1.8× B&G Foods, Inc.). Axon Enterprise runs the higher net margin — 0.3% vs -4.4%, a 4.7% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -4.7%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $-70.7M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs -12.8%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
AXON vs BGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $439.3M |
| Net Profit | $2.7M | $-19.1M |
| Gross Margin | 57.9% | 22.5% |
| Operating Margin | -6.3% | 2.5% |
| Net Margin | 0.3% | -4.4% |
| Revenue YoY | 38.9% | -4.7% |
| Net Profit YoY | -98.0% | -356.5% |
| EPS (diluted) | $0.02 | $-0.24 |
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.
| Q4 25 | $796.7M | — | ||
| Q3 25 | $710.6M | $439.3M | ||
| Q2 25 | $668.5M | $424.4M | ||
| Q1 25 | $603.6M | $425.4M | ||
| Q4 24 | $573.4M | $551.6M | ||
| Q3 24 | $544.3M | $461.1M | ||
| Q2 24 | $504.1M | $444.6M | ||
| Q1 24 | $460.7M | $475.2M |
| Q4 25 | $2.7M | — | ||
| Q3 25 | $-2.2M | $-19.1M | ||
| Q2 25 | $36.1M | $-9.8M | ||
| Q1 25 | $88.0M | $835.0K | ||
| Q4 24 | $136.0M | $-222.4M | ||
| Q3 24 | $67.0M | $7.5M | ||
| Q2 24 | $40.8M | $3.9M | ||
| Q1 24 | $133.2M | $-40.2M |
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | 22.5% | ||
| Q2 25 | 60.4% | 20.5% | ||
| Q1 25 | 60.6% | 21.2% | ||
| Q4 24 | 60.5% | 21.5% | ||
| Q3 24 | 60.8% | 22.2% | ||
| Q2 24 | 60.3% | 20.7% | ||
| Q1 24 | 56.4% | 22.9% |
| Q4 25 | -6.3% | — | ||
| Q3 25 | -0.3% | 2.5% | ||
| Q2 25 | -0.2% | 5.2% | ||
| Q1 25 | -1.5% | 8.4% | ||
| Q4 24 | -2.6% | -46.6% | ||
| Q3 24 | 4.4% | 11.1% | ||
| Q2 24 | 6.5% | 9.9% | ||
| Q1 24 | 3.5% | -3.3% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | -0.3% | -4.4% | ||
| Q2 25 | 5.4% | -2.3% | ||
| Q1 25 | 14.6% | 0.2% | ||
| Q4 24 | 23.7% | -40.3% | ||
| Q3 24 | 12.3% | 1.6% | ||
| Q2 24 | 8.1% | 0.9% | ||
| Q1 24 | 28.9% | -8.5% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $-0.03 | $-0.24 | ||
| Q2 25 | $0.44 | $-0.12 | ||
| Q1 25 | $1.08 | $0.01 | ||
| Q4 24 | $1.68 | $-2.81 | ||
| Q3 24 | $0.86 | $0.09 | ||
| Q2 24 | $0.53 | $0.05 | ||
| Q1 24 | $1.73 | $-0.51 |
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 | $60.9M |
| Total DebtLower is stronger | $1.8B | $2.0B |
| Stockholders' EquityBook value | $3.2B | $470.7M |
| Total Assets | $7.0B | $2.9B |
| Debt / EquityLower = less leverage | 0.56× | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | $60.9M | ||
| Q2 25 | $2.1B | $54.1M | ||
| Q1 25 | $2.2B | $61.2M | ||
| Q4 24 | $788.1M | $50.6M | ||
| Q3 24 | $1.0B | $54.7M | ||
| Q2 24 | $968.9M | $40.3M | ||
| Q1 24 | $964.1M | $42.5M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $680.3M | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $470.7M | ||
| Q2 25 | $2.7B | $501.4M | ||
| Q1 25 | $2.6B | $513.1M | ||
| Q4 24 | $2.3B | $524.8M | ||
| Q3 24 | $2.1B | $755.3M | ||
| Q2 24 | $1.9B | $765.0M | ||
| Q1 24 | $1.8B | $781.2M |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.7B | $2.9B | ||
| Q2 25 | $6.2B | $2.9B | ||
| Q1 25 | $6.1B | $3.0B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.0B | $3.4B | ||
| Q2 24 | $3.7B | $3.4B | ||
| Q1 24 | $3.6B | $3.4B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | 4.30× | ||
| Q2 25 | 0.73× | 3.97× | ||
| Q1 25 | 0.79× | 3.91× | ||
| Q4 24 | 0.29× | 3.85× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | — | 2.67× | ||
| Q1 24 | — | 2.61× |
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 | $-64.6M |
| Free Cash FlowOCF − Capex | $155.4M | $-70.7M |
| FCF MarginFCF / Revenue | 19.5% | -16.1% |
| Capex IntensityCapex / Revenue | 7.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 79.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | — | ||
| Q3 25 | $60.0M | $-64.6M | ||
| Q2 25 | $-91.7M | $17.8M | ||
| Q1 25 | $25.8M | $52.7M | ||
| Q4 24 | $250.2M | $80.3M | ||
| Q3 24 | $91.3M | $4.2M | ||
| Q2 24 | $82.8M | $11.3M | ||
| Q1 24 | $-15.9M | $35.1M |
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | $-70.7M | ||
| Q2 25 | $-114.7M | $11.5M | ||
| Q1 25 | $932.0K | $42.4M | ||
| Q4 24 | $225.4M | $71.7M | ||
| Q3 24 | $64.8M | $-679.0K | ||
| Q2 24 | $71.4M | $5.2M | ||
| Q1 24 | $-32.1M | $27.5M |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | -16.1% | ||
| Q2 25 | -17.2% | 2.7% | ||
| Q1 25 | 0.2% | 10.0% | ||
| Q4 24 | 39.3% | 13.0% | ||
| Q3 24 | 11.9% | -0.1% | ||
| Q2 24 | 14.2% | 1.2% | ||
| Q1 24 | -7.0% | 5.8% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | 1.4% | ||
| Q2 25 | 3.4% | 1.5% | ||
| Q1 25 | 4.1% | 2.4% | ||
| Q4 24 | 4.3% | 1.6% | ||
| Q3 24 | 4.9% | 1.0% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 3.5% | 1.6% |
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | 63.17× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | 0.56× | ||
| Q2 24 | 2.03× | 2.87× | ||
| Q1 24 | -0.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXON
| Software And Sensors Segment | $342.5M | 43% |
| TASER Devices Professional | $264.2M | 33% |
| Personal Sensors | $109.1M | 14% |
| Platform Solutions | $80.9M | 10% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
