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

CHART INDUSTRIES INC is the larger business by last-quarter revenue ($1.1B vs $796.7M, roughly 1.4× Axon Enterprise). CHART INDUSTRIES INC runs the higher net margin — 5.0% vs 0.3%, a 4.6% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -2.5%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $66.2M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 6.6%).

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

Oricon Inc. , established in 1999, is the holding company at the head of a Japanese corporate group that supplies statistics and information on music and the music industry in Japan and Western music. It started as Original Confidence Inc. , which was founded by Sōkō Koike in November 1967 and became known for its music charts. Oricon Inc. was originally set up as a subsidiary of Original Confidence and took over the latter's Oricon record charts in April 2002.

AXON vs GTLS — Head-to-Head

Bigger by revenue
GTLS
GTLS
1.4× larger
GTLS
$1.1B
$796.7M
AXON
Growing faster (revenue YoY)
AXON
AXON
+41.4% gap
AXON
38.9%
-2.5%
GTLS
Higher net margin
GTLS
GTLS
4.6% more per $
GTLS
5.0%
0.3%
AXON
More free cash flow
AXON
AXON
$89.2M more FCF
AXON
$155.4M
$66.2M
GTLS
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
31.5%
6.6%
GTLS

Income Statement — Q4 2025 vs Q4 2025

Metric
AXON
AXON
GTLS
GTLS
Revenue
$796.7M
$1.1B
Net Profit
$2.7M
$53.6M
Gross Margin
57.9%
33.3%
Operating Margin
-6.3%
11.6%
Net Margin
0.3%
5.0%
Revenue YoY
38.9%
-2.5%
Net Profit YoY
-98.0%
-32.7%
EPS (diluted)
$0.02
$1.06

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
GTLS
GTLS
Q4 25
$796.7M
$1.1B
Q3 25
$710.6M
$1.1B
Q2 25
$668.5M
$1.1B
Q1 25
$603.6M
$1.0B
Q4 24
$573.4M
$1.1B
Q3 24
$544.3M
$1.1B
Q2 24
$504.1M
$1.0B
Q1 24
$460.7M
$950.7M
Net Profit
AXON
AXON
GTLS
GTLS
Q4 25
$2.7M
$53.6M
Q3 25
$-2.2M
$-138.5M
Q2 25
$36.1M
$76.1M
Q1 25
$88.0M
$49.5M
Q4 24
$136.0M
$79.6M
Q3 24
$67.0M
$69.0M
Q2 24
$40.8M
$58.6M
Q1 24
$133.2M
$11.3M
Gross Margin
AXON
AXON
GTLS
GTLS
Q4 25
57.9%
33.3%
Q3 25
60.1%
34.1%
Q2 25
60.4%
33.6%
Q1 25
60.6%
33.9%
Q4 24
60.5%
33.6%
Q3 24
60.8%
34.1%
Q2 24
60.3%
33.8%
Q1 24
56.4%
31.8%
Operating Margin
AXON
AXON
GTLS
GTLS
Q4 25
-6.3%
11.6%
Q3 25
-0.3%
-8.0%
Q2 25
-0.2%
15.7%
Q1 25
-1.5%
15.2%
Q4 24
-2.6%
17.0%
Q3 24
4.4%
16.8%
Q2 24
6.5%
16.1%
Q1 24
3.5%
11.9%
Net Margin
AXON
AXON
GTLS
GTLS
Q4 25
0.3%
5.0%
Q3 25
-0.3%
-12.6%
Q2 25
5.4%
7.0%
Q1 25
14.6%
4.9%
Q4 24
23.7%
7.2%
Q3 24
12.3%
6.5%
Q2 24
8.1%
5.6%
Q1 24
28.9%
1.2%
EPS (diluted)
AXON
AXON
GTLS
GTLS
Q4 25
$0.02
$1.06
Q3 25
$-0.03
$-3.23
Q2 25
$0.44
$1.53
Q1 25
$1.08
$0.94
Q4 24
$1.68
$1.57
Q3 24
$0.86
$1.33
Q2 24
$0.53
$1.10
Q1 24
$1.73
$0.10

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
GTLS
GTLS
Cash + ST InvestmentsLiquidity on hand
$1.7B
$366.0M
Total DebtLower is stronger
$1.8B
$3.7B
Stockholders' EquityBook value
$3.2B
$3.2B
Total Assets
$7.0B
$9.8B
Debt / EquityLower = less leverage
0.56×
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
GTLS
GTLS
Q4 25
$1.7B
$366.0M
Q3 25
$2.4B
$399.2M
Q2 25
$2.1B
$342.3M
Q1 25
$2.2B
$296.2M
Q4 24
$788.1M
$308.6M
Q3 24
$1.0B
$310.2M
Q2 24
$968.9M
$247.4M
Q1 24
$964.1M
$191.9M
Total Debt
AXON
AXON
GTLS
GTLS
Q4 25
$1.8B
$3.7B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$680.3M
$3.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AXON
AXON
GTLS
GTLS
Q4 25
$3.2B
$3.2B
Q3 25
$3.0B
$3.2B
Q2 25
$2.7B
$3.4B
Q1 25
$2.6B
$3.0B
Q4 24
$2.3B
$2.8B
Q3 24
$2.1B
$3.0B
Q2 24
$1.9B
$2.7B
Q1 24
$1.8B
$2.7B
Total Assets
AXON
AXON
GTLS
GTLS
Q4 25
$7.0B
$9.8B
Q3 25
$6.7B
$9.8B
Q2 25
$6.2B
$9.7B
Q1 25
$6.1B
$9.3B
Q4 24
$4.5B
$9.1B
Q3 24
$4.0B
$9.5B
Q2 24
$3.7B
$9.3B
Q1 24
$3.6B
$9.2B
Debt / Equity
AXON
AXON
GTLS
GTLS
Q4 25
0.56×
1.13×
Q3 25
0.66×
Q2 25
0.73×
Q1 25
0.79×
Q4 24
0.29×
1.33×
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
GTLS
GTLS
Operating Cash FlowLast quarter
$217.2M
$88.8M
Free Cash FlowOCF − Capex
$155.4M
$66.2M
FCF MarginFCF / Revenue
19.5%
6.1%
Capex IntensityCapex / Revenue
7.8%
2.1%
Cash ConversionOCF / Net Profit
79.14×
1.66×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$202.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXON
AXON
GTLS
GTLS
Q4 25
$217.2M
$88.8M
Q3 25
$60.0M
$118.0M
Q2 25
$-91.7M
$145.9M
Q1 25
$25.8M
$-60.0M
Q4 24
$250.2M
$281.4M
Q3 24
$91.3M
$200.6M
Q2 24
$82.8M
$116.1M
Q1 24
$-15.9M
$-95.1M
Free Cash Flow
AXON
AXON
GTLS
GTLS
Q4 25
$155.4M
$66.2M
Q3 25
$33.4M
$94.7M
Q2 25
$-114.7M
$122.0M
Q1 25
$932.0K
$-80.1M
Q4 24
$225.4M
$260.9M
Q3 24
$64.8M
$174.5M
Q2 24
$71.4M
$88.0M
Q1 24
$-32.1M
$-141.2M
FCF Margin
AXON
AXON
GTLS
GTLS
Q4 25
19.5%
6.1%
Q3 25
4.7%
8.6%
Q2 25
-17.2%
11.3%
Q1 25
0.2%
-8.0%
Q4 24
39.3%
23.6%
Q3 24
11.9%
16.4%
Q2 24
14.2%
8.5%
Q1 24
-7.0%
-14.9%
Capex Intensity
AXON
AXON
GTLS
GTLS
Q4 25
7.8%
2.1%
Q3 25
3.7%
2.1%
Q2 25
3.4%
2.2%
Q1 25
4.1%
2.0%
Q4 24
4.3%
1.9%
Q3 24
4.9%
2.5%
Q2 24
2.2%
2.7%
Q1 24
3.5%
4.8%
Cash Conversion
AXON
AXON
GTLS
GTLS
Q4 25
79.14×
1.66×
Q3 25
Q2 25
-2.54×
1.92×
Q1 25
0.29×
-1.21×
Q4 24
1.84×
3.54×
Q3 24
1.36×
2.91×
Q2 24
2.03×
1.98×
Q1 24
-0.12×
-8.42×

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%

GTLS
GTLS

Repair Service And Leasing Segment$330.4M31%
Heat Transfer Systems Segment$325.8M30%
Specialty Products Segment$259.5M24%
Transferred Over Time$94.4M9%
Transferred At Point In Time$69.5M6%

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