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Side-by-side financial comparison of Axon Enterprise (AXON) and CIVITAS RESOURCES, INC. (CIVI). Click either name above to swap in a different company.
CIVITAS RESOURCES, INC. is the larger business by last-quarter revenue ($1.2B vs $796.7M, roughly 1.5× Axon Enterprise). On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -8.2%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 1.8%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.
AXON vs CIVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $1.2B |
| Net Profit | $2.7M | — |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | 20.0% |
| Net Margin | 0.3% | — |
| Revenue YoY | 38.9% | -8.2% |
| Net Profit YoY | -98.0% | — |
| EPS (diluted) | $0.02 | $1.99 |
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 | $1.2B | ||
| Q2 25 | $668.5M | $1.1B | ||
| Q1 25 | $603.6M | $1.2B | ||
| Q4 24 | $573.4M | $1.3B | ||
| Q3 24 | $544.3M | $1.3B | ||
| Q2 24 | $504.1M | $1.3B | ||
| Q1 24 | $460.7M | $1.3B |
| Q4 25 | $2.7M | — | ||
| Q3 25 | $-2.2M | — | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $88.0M | — | ||
| Q4 24 | $136.0M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $40.8M | — | ||
| Q1 24 | $133.2M | — |
| 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% | — |
| Q4 25 | -6.3% | — | ||
| Q3 25 | -0.3% | 20.0% | ||
| Q2 25 | -0.2% | 15.3% | ||
| Q1 25 | -1.5% | 20.7% | ||
| Q4 24 | -2.6% | 15.4% | ||
| Q3 24 | 4.4% | 30.6% | ||
| Q2 24 | 6.5% | 21.6% | ||
| Q1 24 | 3.5% | 15.9% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | 28.9% | — |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $-0.03 | $1.99 | ||
| Q2 25 | $0.44 | $1.34 | ||
| Q1 25 | $1.08 | $1.99 | ||
| Q4 24 | $1.68 | $1.56 | ||
| Q3 24 | $0.86 | $3.01 | ||
| Q2 24 | $0.53 | $2.15 | ||
| Q1 24 | $1.73 | $1.74 |
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 | $56.0M |
| Total DebtLower is stronger | $1.8B | $5.1B |
| Stockholders' EquityBook value | $3.2B | $6.7B |
| Total Assets | $7.0B | $15.1B |
| Debt / EquityLower = less leverage | 0.56× | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | $56.0M | ||
| Q2 25 | $2.1B | $69.0M | ||
| Q1 25 | $2.2B | $20.0M | ||
| Q4 24 | $788.1M | $76.0M | ||
| Q3 24 | $1.0B | $47.1M | ||
| Q2 24 | $968.9M | $91.9M | ||
| Q1 24 | $964.1M | $52.1M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | $5.1B | ||
| Q2 25 | $2.0B | $5.4B | ||
| Q1 25 | $2.0B | $5.1B | ||
| Q4 24 | $680.3M | $4.5B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $6.7B | ||
| Q2 25 | $2.7B | $6.8B | ||
| Q1 25 | $2.6B | $6.7B | ||
| Q4 24 | $2.3B | $6.6B | ||
| Q3 24 | $2.1B | $6.7B | ||
| Q2 24 | $1.9B | $6.6B | ||
| Q1 24 | $1.8B | $6.6B |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.7B | $15.1B | ||
| Q2 25 | $6.2B | $15.4B | ||
| Q1 25 | $6.1B | $15.3B | ||
| Q4 24 | $4.5B | $14.9B | ||
| Q3 24 | $4.0B | $15.0B | ||
| Q2 24 | $3.7B | $15.0B | ||
| Q1 24 | $3.6B | $15.1B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | 0.77× | ||
| Q2 25 | 0.73× | 0.79× | ||
| Q1 25 | 0.79× | 0.76× | ||
| Q4 24 | 0.29× | 0.68× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.67× |
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 | $860.0M |
| 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.
| Q4 25 | $217.2M | — | ||
| Q3 25 | $60.0M | $860.0M | ||
| Q2 25 | $-91.7M | $298.0M | ||
| Q1 25 | $25.8M | $719.0M | ||
| Q4 24 | $250.2M | $858.2M | ||
| Q3 24 | $91.3M | $835.0M | ||
| Q2 24 | $82.8M | $359.0M | ||
| Q1 24 | $-15.9M | $813.0M |
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | — | ||
| Q2 24 | $71.4M | — | ||
| Q1 24 | $-32.1M | — |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | — |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | — | ||
| 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% |
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
