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Side-by-side financial comparison of Axon Enterprise (AXON) and Evercore Inc. (EVR). Click either name above to swap in a different company.

Evercore Inc. is the larger business by last-quarter revenue ($1.3B vs $796.7M, roughly 1.6× Axon Enterprise). Evercore Inc. runs the higher net margin — 15.7% vs 0.3%, a 15.4% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 32.4%). Evercore Inc. produced more free cash flow last quarter ($798.6M vs $155.4M). Over the past eight quarters, Evercore Inc.'s revenue compounded faster (48.9% 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.

Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.

AXON vs EVR — Head-to-Head

Bigger by revenue
EVR
EVR
1.6× larger
EVR
$1.3B
$796.7M
AXON
Growing faster (revenue YoY)
AXON
AXON
+6.5% gap
AXON
38.9%
32.4%
EVR
Higher net margin
EVR
EVR
15.4% more per $
EVR
15.7%
0.3%
AXON
More free cash flow
EVR
EVR
$643.2M more FCF
EVR
$798.6M
$155.4M
AXON
Faster 2-yr revenue CAGR
EVR
EVR
Annualised
EVR
48.9%
31.5%
AXON

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXON
AXON
EVR
EVR
Revenue
$796.7M
$1.3B
Net Profit
$2.7M
$204.0M
Gross Margin
57.9%
Operating Margin
-6.3%
24.2%
Net Margin
0.3%
15.7%
Revenue YoY
38.9%
32.4%
Net Profit YoY
-98.0%
45.2%
EPS (diluted)
$0.02
$4.80

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
EVR
EVR
Q4 25
$796.7M
$1.3B
Q3 25
$710.6M
$1.0B
Q2 25
$668.5M
$838.0M
Q1 25
$603.6M
$699.0M
Q4 24
$573.4M
$979.5M
Q3 24
$544.3M
$738.4M
Q2 24
$504.1M
$693.4M
Q1 24
$460.7M
$585.0M
Net Profit
AXON
AXON
EVR
EVR
Q4 25
$2.7M
$204.0M
Q3 25
$-2.2M
$144.6M
Q2 25
$36.1M
$97.2M
Q1 25
$88.0M
$146.2M
Q4 24
$136.0M
$140.4M
Q3 24
$67.0M
$78.4M
Q2 24
$40.8M
$73.8M
Q1 24
$133.2M
$85.7M
Gross Margin
AXON
AXON
EVR
EVR
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
EVR
EVR
Q4 25
-6.3%
24.2%
Q3 25
-0.3%
20.8%
Q2 25
-0.2%
18.0%
Q1 25
-1.5%
16.0%
Q4 24
-2.6%
21.8%
Q3 24
4.4%
16.7%
Q2 24
6.5%
15.9%
Q1 24
3.5%
14.8%
Net Margin
AXON
AXON
EVR
EVR
Q4 25
0.3%
15.7%
Q3 25
-0.3%
13.8%
Q2 25
5.4%
11.6%
Q1 25
14.6%
20.9%
Q4 24
23.7%
14.3%
Q3 24
12.3%
10.6%
Q2 24
8.1%
10.6%
Q1 24
28.9%
14.6%
EPS (diluted)
AXON
AXON
EVR
EVR
Q4 25
$0.02
$4.80
Q3 25
$-0.03
$3.41
Q2 25
$0.44
$2.36
Q1 25
$1.08
$3.48
Q4 24
$1.68
$3.32
Q3 24
$0.86
$1.86
Q2 24
$0.53
$1.81
Q1 24
$1.73
$2.09

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
EVR
EVR
Cash + ST InvestmentsLiquidity on hand
$1.7B
$3.0B
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$3.2B
$2.0B
Total Assets
$7.0B
$5.4B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
EVR
EVR
Q4 25
$1.7B
$3.0B
Q3 25
$2.4B
$2.4B
Q2 25
$2.1B
$1.7B
Q1 25
$2.2B
$1.4B
Q4 24
$788.1M
$2.4B
Q3 24
$1.0B
$1.8B
Q2 24
$968.9M
$1.7B
Q1 24
$964.1M
$1.4B
Total Debt
AXON
AXON
EVR
EVR
Q4 25
$1.8B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$680.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AXON
AXON
EVR
EVR
Q4 25
$3.2B
$2.0B
Q3 25
$3.0B
$1.8B
Q2 25
$2.7B
$1.7B
Q1 25
$2.6B
$1.5B
Q4 24
$2.3B
$1.7B
Q3 24
$2.1B
$1.6B
Q2 24
$1.9B
$1.5B
Q1 24
$1.8B
$1.4B
Total Assets
AXON
AXON
EVR
EVR
Q4 25
$7.0B
$5.4B
Q3 25
$6.7B
$4.4B
Q2 25
$6.2B
$3.7B
Q1 25
$6.1B
$3.3B
Q4 24
$4.5B
$4.2B
Q3 24
$4.0B
$3.6B
Q2 24
$3.7B
$3.3B
Q1 24
$3.6B
$3.0B
Debt / Equity
AXON
AXON
EVR
EVR
Q4 25
0.56×
Q3 25
0.66×
Q2 25
0.73×
Q1 25
0.79×
Q4 24
0.29×
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
AXON
AXON
EVR
EVR
Operating Cash FlowLast quarter
$217.2M
$807.5M
Free Cash FlowOCF − Capex
$155.4M
$798.6M
FCF MarginFCF / Revenue
19.5%
61.6%
Capex IntensityCapex / Revenue
7.8%
0.7%
Cash ConversionOCF / Net Profit
79.14×
3.96×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXON
AXON
EVR
EVR
Q4 25
$217.2M
$807.5M
Q3 25
$60.0M
$560.9M
Q2 25
$-91.7M
$437.7M
Q1 25
$25.8M
$-549.7M
Q4 24
$250.2M
$686.4M
Q3 24
$91.3M
$234.5M
Q2 24
$82.8M
$348.5M
Q1 24
$-15.9M
$-281.2M
Free Cash Flow
AXON
AXON
EVR
EVR
Q4 25
$155.4M
$798.6M
Q3 25
$33.4M
$541.5M
Q2 25
$-114.7M
$411.7M
Q1 25
$932.0K
$-569.3M
Q4 24
$225.4M
$673.1M
Q3 24
$64.8M
$226.6M
Q2 24
$71.4M
$340.7M
Q1 24
$-32.1M
$-282.3M
FCF Margin
AXON
AXON
EVR
EVR
Q4 25
19.5%
61.6%
Q3 25
4.7%
51.8%
Q2 25
-17.2%
49.1%
Q1 25
0.2%
-81.4%
Q4 24
39.3%
68.7%
Q3 24
11.9%
30.7%
Q2 24
14.2%
49.1%
Q1 24
-7.0%
-48.3%
Capex Intensity
AXON
AXON
EVR
EVR
Q4 25
7.8%
0.7%
Q3 25
3.7%
1.9%
Q2 25
3.4%
3.1%
Q1 25
4.1%
2.8%
Q4 24
4.3%
1.4%
Q3 24
4.9%
1.1%
Q2 24
2.2%
1.1%
Q1 24
3.5%
0.2%
Cash Conversion
AXON
AXON
EVR
EVR
Q4 25
79.14×
3.96×
Q3 25
3.88×
Q2 25
-2.54×
4.50×
Q1 25
0.29×
-3.76×
Q4 24
1.84×
4.89×
Q3 24
1.36×
2.99×
Q2 24
2.03×
4.72×
Q1 24
-0.12×
-3.28×

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%

EVR
EVR

Advisory Fees$1.1B87%
Commissions And Related Revenue$66.5M5%
Underwriting Fees$49.5M4%
Other$29.6M2%
Investment Management$23.2M2%

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