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Side-by-side financial comparison of Axon Enterprise (AXON) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $458.6M, roughly 1.7× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 0.3%, a 15.4% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 38.9%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 7.5%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
AXON vs HCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $458.6M |
| Net Profit | $2.7M | $72.3M |
| Gross Margin | 57.9% | 36.7% |
| Operating Margin | -6.3% | 17.3% |
| Net Margin | 0.3% | 15.8% |
| Revenue YoY | 38.9% | 52.1% |
| Net Profit YoY | -98.0% | — |
| EPS (diluted) | $0.02 | $1.37 |
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.
| Q1 26 | — | $458.6M | ||
| Q4 25 | $796.7M | $384.0M | ||
| Q3 25 | $710.6M | $328.6M | ||
| Q2 25 | $668.5M | $297.5M | ||
| Q1 25 | $603.6M | $299.9M | ||
| Q4 24 | $573.4M | $297.5M | ||
| Q3 24 | $544.3M | $327.7M | ||
| Q2 24 | $504.1M | $396.5M |
| Q1 26 | — | $72.3M | ||
| Q4 25 | $2.7M | $23.0M | ||
| Q3 25 | $-2.2M | $36.6M | ||
| Q2 25 | $36.1M | $5.6M | ||
| Q1 25 | $88.0M | $-8.2M | ||
| Q4 24 | $136.0M | $1.1M | ||
| Q3 24 | $67.0M | $41.8M | ||
| Q2 24 | $40.8M | $70.7M |
| Q1 26 | — | 36.7% | ||
| Q4 25 | 57.9% | 29.5% | ||
| Q3 25 | 60.1% | 27.1% | ||
| Q2 25 | 60.4% | 23.9% | ||
| Q1 25 | 60.6% | 18.1% | ||
| Q4 24 | 60.5% | 23.1% | ||
| Q3 24 | 60.8% | 29.3% | ||
| Q2 24 | 60.3% | 34.1% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | -6.3% | 9.0% | ||
| Q3 25 | -0.3% | 6.3% | ||
| Q2 25 | -0.2% | 2.6% | ||
| Q1 25 | -1.5% | -5.8% | ||
| Q4 24 | -2.6% | -1.4% | ||
| Q3 24 | 4.4% | 11.9% | ||
| Q2 24 | 6.5% | 17.9% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | 0.3% | 6.0% | ||
| Q3 25 | -0.3% | 11.1% | ||
| Q2 25 | 5.4% | 1.9% | ||
| Q1 25 | 14.6% | -2.7% | ||
| Q4 24 | 23.7% | 0.4% | ||
| Q3 24 | 12.3% | 12.7% | ||
| Q2 24 | 8.1% | 17.8% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | $0.02 | $0.43 | ||
| Q3 25 | $-0.03 | $0.70 | ||
| Q2 25 | $0.44 | $0.11 | ||
| Q1 25 | $1.08 | $-0.16 | ||
| Q4 24 | $1.68 | $0.02 | ||
| Q3 24 | $0.86 | $0.80 | ||
| Q2 24 | $0.53 | $1.35 |
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 | $233.2M |
| Total DebtLower is stronger | $1.8B | $154.4M |
| Stockholders' EquityBook value | $3.2B | — |
| Total Assets | $7.0B | $2.8B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $233.2M | ||
| Q4 25 | $1.7B | $300.0M | ||
| Q3 25 | $2.4B | $336.3M | ||
| Q2 25 | $2.1B | $383.3M | ||
| Q1 25 | $2.2B | $454.9M | ||
| Q4 24 | $788.1M | $491.5M | ||
| Q3 24 | $1.0B | $583.2M | ||
| Q2 24 | $968.9M | $709.0M |
| Q1 26 | — | $154.4M | ||
| Q4 25 | $1.8B | $154.3M | ||
| Q3 25 | $2.0B | $154.1M | ||
| Q2 25 | $2.0B | $153.9M | ||
| Q1 25 | $2.0B | $153.8M | ||
| Q4 24 | $680.3M | $153.6M | ||
| Q3 24 | — | $153.5M | ||
| Q2 24 | — | $153.3M |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $1.9B | $2.0B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $7.0B | $2.8B | ||
| Q3 25 | $6.7B | $2.7B | ||
| Q2 25 | $6.2B | $2.6B | ||
| Q1 25 | $6.1B | $2.6B | ||
| Q4 24 | $4.5B | $2.6B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $3.7B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | 0.07× | ||
| Q3 25 | 0.66× | 0.07× | ||
| Q2 25 | 0.73× | 0.07× | ||
| Q1 25 | 0.79× | 0.07× | ||
| Q4 24 | 0.29× | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $217.2M | $76.1M | ||
| Q3 25 | $60.0M | $104.7M | ||
| Q2 25 | $-91.7M | $37.5M | ||
| Q1 25 | $25.8M | $10.9M | ||
| Q4 24 | $250.2M | $54.2M | ||
| Q3 24 | $91.3M | $62.2M | ||
| Q2 24 | $82.8M | $147.0M |
| Q1 26 | — | — | ||
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | — | ||
| Q2 24 | $71.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 14.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 79.14× | 3.31× | ||
| Q3 25 | — | 2.86× | ||
| Q2 25 | -2.54× | 6.70× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | 47.68× | ||
| Q3 24 | 1.36× | 1.49× | ||
| Q2 24 | 2.03× | 2.08× |
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% |
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
