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Side-by-side financial comparison of Axon Enterprise (AXON) and ENCORE CAPITAL GROUP INC (ECPG). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $473.6M, roughly 1.7× ENCORE CAPITAL GROUP INC). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs 0.3%, a 15.8% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 38.9%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $126.9M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 20.1%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Encore Capital Group, Inc. is a publicly traded debt buyer based in the United States. The company is headquartered in San Diego, and operates throughout the United States. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
AXON vs ECPG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $473.6M |
| Net Profit | $2.7M | $76.7M |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | 36.6% |
| Net Margin | 0.3% | 16.2% |
| Revenue YoY | 38.9% | 78.3% |
| Net Profit YoY | -98.0% | — |
| EPS (diluted) | $0.02 | $3.32 |
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 | $473.6M | ||
| Q3 25 | $710.6M | $460.4M | ||
| Q2 25 | $668.5M | $442.1M | ||
| Q1 25 | $603.6M | $392.8M | ||
| Q4 24 | $573.4M | $265.6M | ||
| Q3 24 | $544.3M | $367.1M | ||
| Q2 24 | $504.1M | $355.3M | ||
| Q1 24 | $460.7M | $328.4M |
| Q4 25 | $2.7M | $76.7M | ||
| Q3 25 | $-2.2M | $74.7M | ||
| Q2 25 | $36.1M | $58.7M | ||
| Q1 25 | $88.0M | $46.8M | ||
| Q4 24 | $136.0M | — | ||
| Q3 24 | $67.0M | $30.6M | ||
| Q2 24 | $40.8M | $32.2M | ||
| Q1 24 | $133.2M | $23.2M |
| 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% | 36.6% | ||
| Q3 25 | -0.3% | 37.6% | ||
| Q2 25 | -0.2% | 34.1% | ||
| Q1 25 | -1.5% | 32.9% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 4.4% | 28.9% | ||
| Q2 24 | 6.5% | 28.7% | ||
| Q1 24 | 3.5% | 25.5% |
| Q4 25 | 0.3% | 16.2% | ||
| Q3 25 | -0.3% | 16.2% | ||
| Q2 25 | 5.4% | 13.3% | ||
| Q1 25 | 14.6% | 11.9% | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 12.3% | 8.3% | ||
| Q2 24 | 8.1% | 9.1% | ||
| Q1 24 | 28.9% | 7.1% |
| Q4 25 | $0.02 | $3.32 | ||
| Q3 25 | $-0.03 | $3.17 | ||
| Q2 25 | $0.44 | $2.49 | ||
| Q1 25 | $1.08 | $1.93 | ||
| Q4 24 | $1.68 | — | ||
| Q3 24 | $0.86 | $1.26 | ||
| Q2 24 | $0.53 | $1.34 | ||
| Q1 24 | $1.73 | $0.95 |
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 | $156.8M |
| Total DebtLower is stronger | $1.8B | $4.0B |
| Stockholders' EquityBook value | $3.2B | $976.8M |
| Total Assets | $7.0B | $5.3B |
| Debt / EquityLower = less leverage | 0.56× | 4.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $156.8M | ||
| Q3 25 | $2.4B | $172.5M | ||
| Q2 25 | $2.1B | $172.9M | ||
| Q1 25 | $2.2B | $187.1M | ||
| Q4 24 | $788.1M | $199.9M | ||
| Q3 24 | $1.0B | $247.4M | ||
| Q2 24 | $968.9M | $250.6M | ||
| Q1 24 | $964.1M | $173.0M |
| Q4 25 | $1.8B | $4.0B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $3.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | $976.8M | ||
| Q3 25 | $3.0B | $952.9M | ||
| Q2 25 | $2.7B | $896.0M | ||
| Q1 25 | $2.6B | $819.1M | ||
| Q4 24 | $2.3B | $767.3M | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $1.9B | $988.1M | ||
| Q1 24 | $1.8B | $953.9M |
| Q4 25 | $7.0B | $5.3B | ||
| Q3 25 | $6.7B | $5.3B | ||
| Q2 25 | $6.2B | $5.2B | ||
| Q1 25 | $6.1B | $5.0B | ||
| Q4 24 | $4.5B | $4.8B | ||
| Q3 24 | $4.0B | $5.0B | ||
| Q2 24 | $3.7B | $4.8B | ||
| Q1 24 | $3.6B | $4.7B |
| Q4 25 | 0.56× | 4.13× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.29× | 4.83× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $153.2M |
| Free Cash FlowOCF − Capex | $155.4M | $126.9M |
| FCF MarginFCF / Revenue | 19.5% | 26.8% |
| Capex IntensityCapex / Revenue | 7.8% | 5.5% |
| Cash ConversionOCF / Net Profit | 79.14× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $244.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $153.2M | ||
| Q3 25 | $60.0M | $81.6M | ||
| Q2 25 | $-91.7M | $9.5M | ||
| Q1 25 | $25.8M | $45.3M | ||
| Q4 24 | $250.2M | $156.2M | ||
| Q3 24 | $91.3M | $45.9M | ||
| Q2 24 | $82.8M | $35.7M | ||
| Q1 24 | $-15.9M | $51.0M |
| Q4 25 | $155.4M | $126.9M | ||
| Q3 25 | $33.4M | $75.6M | ||
| Q2 25 | $-114.7M | $3.2M | ||
| Q1 25 | $932.0K | $38.3M | ||
| Q4 24 | $225.4M | $127.2M | ||
| Q3 24 | $64.8M | $39.7M | ||
| Q2 24 | $71.4M | $28.3M | ||
| Q1 24 | $-32.1M | $44.1M |
| Q4 25 | 19.5% | 26.8% | ||
| Q3 25 | 4.7% | 16.4% | ||
| Q2 25 | -17.2% | 0.7% | ||
| Q1 25 | 0.2% | 9.7% | ||
| Q4 24 | 39.3% | 47.9% | ||
| Q3 24 | 11.9% | 10.8% | ||
| Q2 24 | 14.2% | 8.0% | ||
| Q1 24 | -7.0% | 13.4% |
| Q4 25 | 7.8% | 5.5% | ||
| Q3 25 | 3.7% | 1.3% | ||
| Q2 25 | 3.4% | 1.4% | ||
| Q1 25 | 4.1% | 1.8% | ||
| Q4 24 | 4.3% | 10.9% | ||
| Q3 24 | 4.9% | 1.7% | ||
| Q2 24 | 2.2% | 2.1% | ||
| Q1 24 | 3.5% | 2.1% |
| Q4 25 | 79.14× | 2.00× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | -2.54× | 0.16× | ||
| Q1 25 | 0.29× | 0.97× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | 1.50× | ||
| Q2 24 | 2.03× | 1.11× | ||
| Q1 24 | -0.12× | 2.19× |
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% |
ECPG
Segment breakdown not available.
