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Side-by-side financial comparison of Axon Enterprise (AXON) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $796.7M, roughly 1.6× Axon Enterprise). Evergy runs the higher net margin — 6.5% vs 0.3%, a 6.2% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 5.3%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $-530.5M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 0.4%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
AXON vs EVRG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $1.3B |
| Net Profit | $2.7M | $84.3M |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | 18.5% |
| Net Margin | 0.3% | 6.5% |
| Revenue YoY | 38.9% | 5.3% |
| Net Profit YoY | -98.0% | 7.8% |
| EPS (diluted) | $0.02 | $0.35 |
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 | $1.3B | ||
| Q3 25 | $710.6M | $1.8B | ||
| Q2 25 | $668.5M | $1.4B | ||
| Q1 25 | $603.6M | $1.3B | ||
| Q4 24 | $573.4M | $1.2B | ||
| Q3 24 | $544.3M | $1.8B | ||
| Q2 24 | $504.1M | $1.4B | ||
| Q1 24 | $460.7M | $1.3B |
| Q4 25 | $2.7M | $84.3M | ||
| Q3 25 | $-2.2M | $475.0M | ||
| Q2 25 | $36.1M | $171.3M | ||
| Q1 25 | $88.0M | $125.0M | ||
| Q4 24 | $136.0M | $78.2M | ||
| Q3 24 | $67.0M | $465.6M | ||
| Q2 24 | $40.8M | $207.0M | ||
| Q1 24 | $133.2M | $122.7M |
| 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% | 18.5% | ||
| Q3 25 | -0.3% | 37.3% | ||
| Q2 25 | -0.2% | 25.4% | ||
| Q1 25 | -1.5% | 22.5% | ||
| Q4 24 | -2.6% | 18.1% | ||
| Q3 24 | 4.4% | 35.1% | ||
| Q2 24 | 6.5% | 25.4% | ||
| Q1 24 | 3.5% | 20.3% |
| Q4 25 | 0.3% | 6.5% | ||
| Q3 25 | -0.3% | 26.9% | ||
| Q2 25 | 5.4% | 12.6% | ||
| Q1 25 | 14.6% | 9.7% | ||
| Q4 24 | 23.7% | 6.4% | ||
| Q3 24 | 12.3% | 26.0% | ||
| Q2 24 | 8.1% | 14.7% | ||
| Q1 24 | 28.9% | 9.6% |
| Q4 25 | $0.02 | $0.35 | ||
| Q3 25 | $-0.03 | $2.03 | ||
| Q2 25 | $0.44 | $0.74 | ||
| Q1 25 | $1.08 | $0.54 | ||
| Q4 24 | $1.68 | $0.34 | ||
| Q3 24 | $0.86 | $2.02 | ||
| Q2 24 | $0.53 | $0.90 | ||
| Q1 24 | $1.73 | $0.53 |
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 | $19.8M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.2B | $10.2B |
| Total Assets | $7.0B | $33.9B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $19.8M | ||
| Q3 25 | $2.4B | $27.5M | ||
| Q2 25 | $2.1B | $27.8M | ||
| Q1 25 | $2.2B | $35.3M | ||
| Q4 24 | $788.1M | $22.0M | ||
| Q3 24 | $1.0B | $34.6M | ||
| Q2 24 | $968.9M | $26.1M | ||
| Q1 24 | $964.1M | $63.7M |
| 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 | — | — |
| Q4 25 | $3.2B | $10.2B | ||
| Q3 25 | $3.0B | $10.3B | ||
| Q2 25 | $2.7B | $10.0B | ||
| Q1 25 | $2.6B | $9.9B | ||
| Q4 24 | $2.3B | $10.0B | ||
| Q3 24 | $2.1B | $10.0B | ||
| Q2 24 | $1.9B | $9.7B | ||
| Q1 24 | $1.8B | $9.6B |
| Q4 25 | $7.0B | $33.9B | ||
| Q3 25 | $6.7B | $33.4B | ||
| Q2 25 | $6.2B | $32.9B | ||
| Q1 25 | $6.1B | $32.5B | ||
| Q4 24 | $4.5B | $32.3B | ||
| Q3 24 | $4.0B | $32.1B | ||
| Q2 24 | $3.7B | $31.8B | ||
| Q1 24 | $3.6B | $31.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $217.2M | $334.0M |
| Free Cash FlowOCF − Capex | $155.4M | $-530.5M |
| FCF MarginFCF / Revenue | 19.5% | -41.1% |
| Capex IntensityCapex / Revenue | 7.8% | 66.9% |
| Cash ConversionOCF / Net Profit | 79.14× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $334.0M | ||
| Q3 25 | $60.0M | $937.7M | ||
| Q2 25 | $-91.7M | $323.9M | ||
| Q1 25 | $25.8M | $449.6M | ||
| Q4 24 | $250.2M | $395.6M | ||
| Q3 24 | $91.3M | $953.3M | ||
| Q2 24 | $82.8M | $317.5M | ||
| Q1 24 | $-15.9M | $317.3M |
| Q4 25 | $155.4M | $-530.5M | ||
| Q3 25 | $33.4M | $225.4M | ||
| Q2 25 | $-114.7M | $-303.4M | ||
| Q1 25 | $932.0K | $-143.2M | ||
| Q4 24 | $225.4M | $-118.6M | ||
| Q3 24 | $64.8M | $427.0M | ||
| Q2 24 | $71.4M | $-360.0M | ||
| Q1 24 | $-32.1M | $-301.3M |
| Q4 25 | 19.5% | -41.1% | ||
| Q3 25 | 4.7% | 12.8% | ||
| Q2 25 | -17.2% | -22.4% | ||
| Q1 25 | 0.2% | -11.1% | ||
| Q4 24 | 39.3% | -9.7% | ||
| Q3 24 | 11.9% | 23.9% | ||
| Q2 24 | 14.2% | -25.6% | ||
| Q1 24 | -7.0% | -23.5% |
| Q4 25 | 7.8% | 66.9% | ||
| Q3 25 | 3.7% | 40.4% | ||
| Q2 25 | 3.4% | 46.3% | ||
| Q1 25 | 4.1% | 45.8% | ||
| Q4 24 | 4.3% | 41.9% | ||
| Q3 24 | 4.9% | 29.4% | ||
| Q2 24 | 2.2% | 48.1% | ||
| Q1 24 | 3.5% | 48.3% |
| Q4 25 | 79.14× | 3.96× | ||
| Q3 25 | — | 1.97× | ||
| Q2 25 | -2.54× | 1.89× | ||
| Q1 25 | 0.29× | 3.60× | ||
| Q4 24 | 1.84× | 5.06× | ||
| Q3 24 | 1.36× | 2.05× | ||
| Q2 24 | 2.03× | 1.53× | ||
| Q1 24 | -0.12× | 2.59× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
