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Side-by-side financial comparison of Axon Enterprise (AXON) and FLOWERS FOODS INC (FLO). Click either name above to swap in a different company.

FLOWERS FOODS 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 11.0%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs -11.6%).

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

Flowers Foods, headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, rolls, snack cakes, pastries, and tortillas. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."

AXON vs FLO — Head-to-Head

Bigger by revenue
FLO
FLO
1.5× larger
FLO
$1.2B
$796.7M
AXON
Growing faster (revenue YoY)
AXON
AXON
+28.0% gap
AXON
38.9%
11.0%
FLO
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
31.5%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXON
AXON
FLO
FLO
Revenue
$796.7M
$1.2B
Net Profit
$2.7M
Gross Margin
57.9%
Operating Margin
-6.3%
Net Margin
0.3%
Revenue YoY
38.9%
11.0%
Net Profit YoY
-98.0%
EPS (diluted)
$0.02

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
FLO
FLO
Q4 25
$796.7M
$1.2B
Q3 25
$710.6M
$1.2B
Q2 25
$668.5M
$1.6B
Q1 25
$603.6M
Q4 24
$573.4M
$1.2B
Q3 24
$544.3M
$1.2B
Q2 24
$504.1M
$1.6B
Q1 24
$460.7M
Net Profit
AXON
AXON
FLO
FLO
Q4 25
$2.7M
$39.5M
Q3 25
$-2.2M
$58.4M
Q2 25
$36.1M
$53.0M
Q1 25
$88.0M
Q4 24
$136.0M
$65.0M
Q3 24
$67.0M
$67.0M
Q2 24
$40.8M
$73.0M
Q1 24
$133.2M
Gross Margin
AXON
AXON
FLO
FLO
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
FLO
FLO
Q4 25
-6.3%
5.4%
Q3 25
-0.3%
7.5%
Q2 25
-0.2%
5.5%
Q1 25
-1.5%
Q4 24
-2.6%
7.6%
Q3 24
4.4%
7.8%
Q2 24
6.5%
6.4%
Q1 24
3.5%
Net Margin
AXON
AXON
FLO
FLO
Q4 25
0.3%
3.2%
Q3 25
-0.3%
4.7%
Q2 25
5.4%
3.4%
Q1 25
14.6%
Q4 24
23.7%
5.5%
Q3 24
12.3%
5.5%
Q2 24
8.1%
4.6%
Q1 24
28.9%
EPS (diluted)
AXON
AXON
FLO
FLO
Q4 25
$0.02
$0.19
Q3 25
$-0.03
$0.28
Q2 25
$0.44
$0.25
Q1 25
$1.08
Q4 24
$1.68
$0.31
Q3 24
$0.86
$0.32
Q2 24
$0.53
$0.34
Q1 24
$1.73

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
FLO
FLO
Cash + ST InvestmentsLiquidity on hand
$1.7B
$12.1M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$3.2B
Total Assets
$7.0B
$4.2B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
FLO
FLO
Q4 25
$1.7B
$16.7M
Q3 25
$2.4B
$11.0M
Q2 25
$2.1B
$7.3M
Q1 25
$2.2B
Q4 24
$788.1M
$15.0M
Q3 24
$1.0B
$6.9M
Q2 24
$968.9M
$15.8M
Q1 24
$964.1M
Total Debt
AXON
AXON
FLO
FLO
Q4 25
$1.8B
$1.8B
Q3 25
$2.0B
$1.7B
Q2 25
$2.0B
$1.8B
Q1 25
$2.0B
Q4 24
$680.3M
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
Stockholders' Equity
AXON
AXON
FLO
FLO
Q4 25
$3.2B
$1.4B
Q3 25
$3.0B
$1.4B
Q2 25
$2.7B
$1.4B
Q1 25
$2.6B
Q4 24
$2.3B
$1.4B
Q3 24
$2.1B
$1.4B
Q2 24
$1.9B
$1.4B
Q1 24
$1.8B
Total Assets
AXON
AXON
FLO
FLO
Q4 25
$7.0B
$4.3B
Q3 25
$6.7B
$4.3B
Q2 25
$6.2B
$4.3B
Q1 25
$6.1B
Q4 24
$4.5B
$3.4B
Q3 24
$4.0B
$3.4B
Q2 24
$3.7B
$3.4B
Q1 24
$3.6B
Debt / Equity
AXON
AXON
FLO
FLO
Q4 25
0.56×
1.25×
Q3 25
0.66×
1.23×
Q2 25
0.73×
1.26×
Q1 25
0.79×
Q4 24
0.29×
0.75×
Q3 24
0.77×
Q2 24
0.76×
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
FLO
FLO
Operating Cash FlowLast quarter
$217.2M
$125.4M
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.

Operating Cash Flow
AXON
AXON
FLO
FLO
Q4 25
$217.2M
$54.4M
Q3 25
$60.0M
$130.8M
Q2 25
$-91.7M
$135.6M
Q1 25
$25.8M
Q4 24
$250.2M
$113.9M
Q3 24
$91.3M
$63.3M
Q2 24
$82.8M
$105.1M
Q1 24
$-15.9M
Free Cash Flow
AXON
AXON
FLO
FLO
Q4 25
$155.4M
$30.4M
Q3 25
$33.4M
$100.0M
Q2 25
$-114.7M
$110.1M
Q1 25
$932.0K
Q4 24
$225.4M
$88.6M
Q3 24
$64.8M
$35.4M
Q2 24
$71.4M
$71.8M
Q1 24
$-32.1M
FCF Margin
AXON
AXON
FLO
FLO
Q4 25
19.5%
2.5%
Q3 25
4.7%
8.0%
Q2 25
-17.2%
7.1%
Q1 25
0.2%
Q4 24
39.3%
7.4%
Q3 24
11.9%
2.9%
Q2 24
14.2%
4.6%
Q1 24
-7.0%
Capex Intensity
AXON
AXON
FLO
FLO
Q4 25
7.8%
2.0%
Q3 25
3.7%
2.5%
Q2 25
3.4%
1.6%
Q1 25
4.1%
Q4 24
4.3%
2.1%
Q3 24
4.9%
2.3%
Q2 24
2.2%
2.1%
Q1 24
3.5%
Cash Conversion
AXON
AXON
FLO
FLO
Q4 25
79.14×
1.38×
Q3 25
2.24×
Q2 25
-2.54×
2.56×
Q1 25
0.29×
Q4 24
1.84×
1.75×
Q3 24
1.36×
0.94×
Q2 24
2.03×
1.44×
Q1 24
-0.12×

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%

FLO
FLO

Segment breakdown not available.

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