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Side-by-side financial comparison of Axon Enterprise (AXON) and Barnes & Noble Education, Inc. (BNED). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $598.2M, roughly 1.3× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs 0.3%, a 3.8% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 6.9%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $61.9M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 20.0%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
AXON vs BNED — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $598.2M |
| Net Profit | $2.7M | $25.0M |
| Gross Margin | 57.9% | 21.7% |
| Operating Margin | -6.3% | 6.8% |
| Net Margin | 0.3% | 4.2% |
| Revenue YoY | 38.9% | 6.9% |
| Net Profit YoY | -98.0% | -49.7% |
| EPS (diluted) | $0.02 | $0.72 |
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 | $598.2M | ||
| Q3 25 | $710.6M | $274.2M | ||
| Q2 25 | $668.5M | $233.0M | ||
| Q1 25 | $603.6M | $419.7M | ||
| Q4 24 | $573.4M | $559.7M | ||
| Q3 24 | $544.3M | $250.9M | ||
| Q2 24 | $504.1M | $192.7M | ||
| Q1 24 | $460.7M | $415.4M |
| Q4 25 | $2.7M | $25.0M | ||
| Q3 25 | $-2.2M | $-18.3M | ||
| Q2 25 | $36.1M | $-23.0M | ||
| Q1 25 | $88.0M | $17.9M | ||
| Q4 24 | $136.0M | $43.2M | ||
| Q3 24 | $67.0M | $-103.9M | ||
| Q2 24 | $40.8M | $-41.9M | ||
| Q1 24 | $133.2M | $-9.3M |
| Q4 25 | 57.9% | 21.7% | ||
| Q3 25 | 60.1% | 20.2% | ||
| Q2 25 | 60.4% | 30.3% | ||
| Q1 25 | 60.6% | 22.3% | ||
| Q4 24 | 60.5% | 23.0% | ||
| Q3 24 | 60.8% | 17.9% | ||
| Q2 24 | 60.3% | 28.7% | ||
| Q1 24 | 56.4% | 24.2% |
| Q4 25 | -6.3% | 6.8% | ||
| Q3 25 | -0.3% | -8.4% | ||
| Q2 25 | -0.2% | -4.9% | ||
| Q1 25 | -1.5% | 4.5% | ||
| Q4 24 | -2.6% | 8.4% | ||
| Q3 24 | 4.4% | -15.4% | ||
| Q2 24 | 6.5% | -16.3% | ||
| Q1 24 | 3.5% | 0.4% |
| Q4 25 | 0.3% | 4.2% | ||
| Q3 25 | -0.3% | -6.7% | ||
| Q2 25 | 5.4% | -9.9% | ||
| Q1 25 | 14.6% | 4.3% | ||
| Q4 24 | 23.7% | 7.7% | ||
| Q3 24 | 12.3% | -41.4% | ||
| Q2 24 | 8.1% | -21.7% | ||
| Q1 24 | 28.9% | -2.2% |
| Q4 25 | $0.02 | $0.72 | ||
| Q3 25 | $-0.03 | $-0.54 | ||
| Q2 25 | $0.44 | $2.97 | ||
| Q1 25 | $1.08 | $0.59 | ||
| Q4 24 | $1.68 | $1.63 | ||
| Q3 24 | $0.86 | $-7.69 | ||
| Q2 24 | $0.53 | $-15.68 | ||
| Q1 24 | $1.73 | $-3.49 |
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 | $11.7M |
| Total DebtLower is stronger | $1.8B | $122.5M |
| Stockholders' EquityBook value | $3.2B | $283.2M |
| Total Assets | $7.0B | $1.1B |
| Debt / EquityLower = less leverage | 0.56× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $11.7M | ||
| Q3 25 | $2.4B | $7.3M | ||
| Q2 25 | $2.1B | $9.1M | ||
| Q1 25 | $2.2B | $9.2M | ||
| Q4 24 | $788.1M | $11.6M | ||
| Q3 24 | $1.0B | $8.2M | ||
| Q2 24 | $968.9M | $10.5M | ||
| Q1 24 | $964.1M | $8.1M |
| Q4 25 | $1.8B | $122.5M | ||
| Q3 25 | $2.0B | $170.0M | ||
| Q2 25 | $2.0B | $103.1M | ||
| Q1 25 | $2.0B | $141.2M | ||
| Q4 24 | $680.3M | $177.6M | ||
| Q3 24 | — | $221.9M | ||
| Q2 24 | — | $196.3M | ||
| Q1 24 | — | $30.2M |
| Q4 25 | $3.2B | $283.2M | ||
| Q3 25 | $3.0B | $256.5M | ||
| Q2 25 | $2.7B | $272.2M | ||
| Q1 25 | $2.6B | $292.9M | ||
| Q4 24 | $2.3B | $211.4M | ||
| Q3 24 | $2.1B | $149.8M | ||
| Q2 24 | $1.9B | $80.4M | ||
| Q1 24 | $1.8B | $121.5M |
| Q4 25 | $7.0B | $1.1B | ||
| Q3 25 | $6.7B | $950.8M | ||
| Q2 25 | $6.2B | $790.3M | ||
| Q1 25 | $6.1B | $1.1B | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.0B | $973.2M | ||
| Q2 24 | $3.7B | $909.9M | ||
| Q1 24 | $3.6B | $1.2B |
| Q4 25 | 0.56× | 0.43× | ||
| Q3 25 | 0.66× | 0.66× | ||
| Q2 25 | 0.73× | 0.38× | ||
| Q1 25 | 0.79× | 0.48× | ||
| Q4 24 | 0.29× | 0.84× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 2.44× | ||
| Q1 24 | — | 0.25× |
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 | $66.2M |
| Free Cash FlowOCF − Capex | $155.4M | $61.9M |
| FCF MarginFCF / Revenue | 19.5% | 10.4% |
| Capex IntensityCapex / Revenue | 7.8% | 0.7% |
| Cash ConversionOCF / Net Profit | 79.14× | 2.65× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $-4.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $66.2M | ||
| Q3 25 | $60.0M | $-67.6M | ||
| Q2 25 | $-91.7M | $52.6M | ||
| Q1 25 | $25.8M | $-41.9M | ||
| Q4 24 | $250.2M | $47.4M | ||
| Q3 24 | $91.3M | $-143.5M | ||
| Q2 24 | $82.8M | $81.7M | ||
| Q1 24 | $-15.9M | $-35.8M |
| Q4 25 | $155.4M | $61.9M | ||
| Q3 25 | $33.4M | $-71.3M | ||
| Q2 25 | $-114.7M | $49.5M | ||
| Q1 25 | $932.0K | $-44.7M | ||
| Q4 24 | $225.4M | $44.4M | ||
| Q3 24 | $64.8M | $-147.5M | ||
| Q2 24 | $71.4M | $79.1M | ||
| Q1 24 | $-32.1M | $-39.0M |
| Q4 25 | 19.5% | 10.4% | ||
| Q3 25 | 4.7% | -26.0% | ||
| Q2 25 | -17.2% | 21.3% | ||
| Q1 25 | 0.2% | -10.7% | ||
| Q4 24 | 39.3% | 7.9% | ||
| Q3 24 | 11.9% | -58.8% | ||
| Q2 24 | 14.2% | 41.1% | ||
| Q1 24 | -7.0% | -9.4% |
| Q4 25 | 7.8% | 0.7% | ||
| Q3 25 | 3.7% | 1.4% | ||
| Q2 25 | 3.4% | 1.3% | ||
| Q1 25 | 4.1% | 0.7% | ||
| Q4 24 | 4.3% | 0.5% | ||
| Q3 24 | 4.9% | 1.6% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 3.5% | 0.8% |
| Q4 25 | 79.14× | 2.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | -2.34× | ||
| Q4 24 | 1.84× | 1.10× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — | ||
| 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% |
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
