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Side-by-side financial comparison of Axon Enterprise (AXON) and Core Natural Resources, Inc. (CNR). Click either name above to swap in a different company.

Core Natural Resources, Inc. is the larger business by last-quarter revenue ($1.0B vs $796.7M, roughly 1.3× Axon Enterprise). Axon Enterprise runs the higher net margin — 0.3% vs -7.6%, a 7.9% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 38.9%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs 31.5%).

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

Arch Resources, previously known as Arch Coal, was an American coal mining and processing company. The company mined, processed, and marketed bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources was the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand came mainly from generators of electricity.

AXON vs CNR — Head-to-Head

Bigger by revenue
CNR
CNR
1.3× larger
CNR
$1.0B
$796.7M
AXON
Growing faster (revenue YoY)
CNR
CNR
+42.8% gap
CNR
81.8%
38.9%
AXON
Higher net margin
AXON
AXON
7.9% more per $
AXON
0.3%
-7.6%
CNR
More free cash flow
AXON
AXON
$129.4M more FCF
AXON
$155.4M
$26.0M
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
31.5%
AXON

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXON
AXON
CNR
CNR
Revenue
$796.7M
$1.0B
Net Profit
$2.7M
$-79.0M
Gross Margin
57.9%
Operating Margin
-6.3%
-9.3%
Net Margin
0.3%
-7.6%
Revenue YoY
38.9%
81.8%
Net Profit YoY
-98.0%
-356.3%
EPS (diluted)
$0.02
$-1.51

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
AXON
AXON
CNR
CNR
Q4 25
$796.7M
$1.0B
Q3 25
$710.6M
$1.0B
Q2 25
$668.5M
$1.1B
Q1 25
$603.6M
$1.0B
Q4 24
$573.4M
$573.6M
Q3 24
$544.3M
$553.4M
Q2 24
$504.1M
$490.7M
Q1 24
$460.7M
$546.7M
Net Profit
AXON
AXON
CNR
CNR
Q4 25
$2.7M
$-79.0M
Q3 25
$-2.2M
$31.6M
Q2 25
$36.1M
$-36.6M
Q1 25
$88.0M
$-69.3M
Q4 24
$136.0M
$30.8M
Q3 24
$67.0M
$95.6M
Q2 24
$40.8M
$58.1M
Q1 24
$133.2M
$101.9M
Gross Margin
AXON
AXON
CNR
CNR
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
AXON
AXON
CNR
CNR
Q4 25
-6.3%
-9.3%
Q3 25
-0.3%
-1.2%
Q2 25
-0.2%
-1.7%
Q1 25
-1.5%
-5.3%
Q4 24
-2.6%
6.6%
Q3 24
4.4%
21.2%
Q2 24
6.5%
14.6%
Q1 24
3.5%
22.7%
Net Margin
AXON
AXON
CNR
CNR
Q4 25
0.3%
-7.6%
Q3 25
-0.3%
3.2%
Q2 25
5.4%
-3.3%
Q1 25
14.6%
-6.8%
Q4 24
23.7%
5.4%
Q3 24
12.3%
17.3%
Q2 24
8.1%
11.8%
Q1 24
28.9%
18.6%
EPS (diluted)
AXON
AXON
CNR
CNR
Q4 25
$0.02
$-1.51
Q3 25
$-0.03
$0.61
Q2 25
$0.44
$-0.70
Q1 25
$1.08
$-1.38
Q4 24
$1.68
$1.04
Q3 24
$0.86
$3.22
Q2 24
$0.53
$1.96
Q1 24
$1.73
$3.39

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
CNR
CNR
Cash + ST InvestmentsLiquidity on hand
$1.7B
$432.2M
Total DebtLower is stronger
$1.8B
$354.2M
Stockholders' EquityBook value
$3.2B
$3.7B
Total Assets
$7.0B
$6.1B
Debt / EquityLower = less leverage
0.56×
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
CNR
CNR
Q4 25
$1.7B
$432.2M
Q3 25
$2.4B
$444.7M
Q2 25
$2.1B
$413.2M
Q1 25
$2.2B
$388.5M
Q4 24
$788.1M
$460.2M
Q3 24
$1.0B
$331.7M
Q2 24
$968.9M
$216.1M
Q1 24
$964.1M
$172.6M
Total Debt
AXON
AXON
CNR
CNR
Q4 25
$1.8B
$354.2M
Q3 25
$2.0B
$334.5M
Q2 25
$2.0B
$334.0M
Q1 25
$2.0B
$329.8M
Q4 24
$680.3M
$94.8M
Q3 24
$83.7M
Q2 24
$184.9M
Q1 24
$185.5M
Stockholders' Equity
AXON
AXON
CNR
CNR
Q4 25
$3.2B
$3.7B
Q3 25
$3.0B
$3.8B
Q2 25
$2.7B
$3.8B
Q1 25
$2.6B
$3.9B
Q4 24
$2.3B
$1.6B
Q3 24
$2.1B
$1.5B
Q2 24
$1.9B
$1.4B
Q1 24
$1.8B
$1.4B
Total Assets
AXON
AXON
CNR
CNR
Q4 25
$7.0B
$6.1B
Q3 25
$6.7B
$6.2B
Q2 25
$6.2B
$6.2B
Q1 25
$6.1B
$6.3B
Q4 24
$4.5B
$2.9B
Q3 24
$4.0B
$2.8B
Q2 24
$3.7B
$2.7B
Q1 24
$3.6B
$2.7B
Debt / Equity
AXON
AXON
CNR
CNR
Q4 25
0.56×
0.10×
Q3 25
0.66×
0.09×
Q2 25
0.73×
0.09×
Q1 25
0.79×
0.08×
Q4 24
0.29×
0.06×
Q3 24
0.05×
Q2 24
0.13×
Q1 24
0.13×

Cash Flow & Capital Efficiency

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

Metric
AXON
AXON
CNR
CNR
Operating Cash FlowLast quarter
$217.2M
$107.3M
Free Cash FlowOCF − Capex
$155.4M
$26.0M
FCF MarginFCF / Revenue
19.5%
2.5%
Capex IntensityCapex / Revenue
7.8%
7.8%
Cash ConversionOCF / Net Profit
79.14×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXON
AXON
CNR
CNR
Q4 25
$217.2M
$107.3M
Q3 25
$60.0M
$87.9M
Q2 25
$-91.7M
$220.2M
Q1 25
$25.8M
$-109.6M
Q4 24
$250.2M
$121.3M
Q3 24
$91.3M
$161.3M
Q2 24
$82.8M
$116.3M
Q1 24
$-15.9M
$77.5M
Free Cash Flow
AXON
AXON
CNR
CNR
Q4 25
$155.4M
$26.0M
Q3 25
$33.4M
$38.6M
Q2 25
$-114.7M
$131.0M
Q1 25
$932.0K
$-174.5M
Q4 24
$225.4M
$80.5M
Q3 24
$64.8M
$121.9M
Q2 24
$71.4M
$60.9M
Q1 24
$-32.1M
$35.1M
FCF Margin
AXON
AXON
CNR
CNR
Q4 25
19.5%
2.5%
Q3 25
4.7%
3.9%
Q2 25
-17.2%
11.9%
Q1 25
0.2%
-17.1%
Q4 24
39.3%
14.0%
Q3 24
11.9%
22.0%
Q2 24
14.2%
12.4%
Q1 24
-7.0%
6.4%
Capex Intensity
AXON
AXON
CNR
CNR
Q4 25
7.8%
7.8%
Q3 25
3.7%
4.9%
Q2 25
3.4%
8.1%
Q1 25
4.1%
6.4%
Q4 24
4.3%
7.1%
Q3 24
4.9%
7.1%
Q2 24
2.2%
11.3%
Q1 24
3.5%
7.7%
Cash Conversion
AXON
AXON
CNR
CNR
Q4 25
79.14×
Q3 25
2.78×
Q2 25
-2.54×
Q1 25
0.29×
Q4 24
1.84×
3.94×
Q3 24
1.36×
1.69×
Q2 24
2.03×
2.00×
Q1 24
-0.12×
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXON
AXON

Software And Sensors Segment$342.5M43%
TASER Devices Professional$264.2M33%
Personal Sensors$109.1M14%
Platform Solutions$80.9M10%

CNR
CNR

Other$397.4M38%
Power Generation$376.5M36%
PRB$183.0M18%
Metallurgical$42.0M4%
Industrial$34.1M3%
Terminal Revenue$6.4M1%
Other Revenue$3.0M0%

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