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

Axon Enterprise is the larger business by last-quarter revenue ($807.3M vs $501.5M, roughly 1.6× HEXCEL CORP). Axon Enterprise runs the higher net margin — 21.0% vs 7.4%, a 13.6% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (33.7% vs 9.9%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (26.6% CAGR vs 0.1%).

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

Hexcel Corporation is an American public industrial materials company, based in Stamford, Connecticut. The company develops and manufactures structural materials. Hexcel was formed from the combination of California Reinforced Plastics, Ciba Composites and Hercules Composites Products Division. The company sells its products in commercial, military and recreational markets for use in commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, sports equipment ...

AXON vs HXL — Head-to-Head

Bigger by revenue
AXON
AXON
1.6× larger
AXON
$807.3M
$501.5M
HXL
Growing faster (revenue YoY)
AXON
AXON
+23.9% gap
AXON
33.7%
9.9%
HXL
Higher net margin
AXON
AXON
13.6% more per $
AXON
21.0%
7.4%
HXL
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
26.6%
0.1%
HXL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXON
AXON
HXL
HXL
Revenue
$807.3M
$501.5M
Net Profit
$169.3M
$37.2M
Gross Margin
59.1%
26.9%
Operating Margin
44.5%
11.5%
Net Margin
21.0%
7.4%
Revenue YoY
33.7%
9.9%
Net Profit YoY
28.7%
EPS (diluted)
$2.05
$0.49

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
HXL
HXL
Q1 26
$807.3M
$501.5M
Q4 25
$796.7M
$491.3M
Q3 25
$710.6M
$456.2M
Q2 25
$668.5M
$489.9M
Q1 25
$603.6M
$456.5M
Q4 24
$573.4M
$473.8M
Q3 24
$544.3M
$456.5M
Q2 24
$504.1M
$500.4M
Net Profit
AXON
AXON
HXL
HXL
Q1 26
$169.3M
$37.2M
Q4 25
$2.7M
$46.4M
Q3 25
$-2.2M
$20.6M
Q2 25
$36.1M
$13.5M
Q1 25
$88.0M
$28.9M
Q4 24
$136.0M
$5.8M
Q3 24
$67.0M
$39.8M
Q2 24
$40.8M
$50.0M
Gross Margin
AXON
AXON
HXL
HXL
Q1 26
59.1%
26.9%
Q4 25
57.9%
24.6%
Q3 25
60.1%
21.9%
Q2 25
60.4%
22.8%
Q1 25
60.6%
22.4%
Q4 24
60.5%
25.0%
Q3 24
60.8%
23.3%
Q2 24
60.3%
25.3%
Operating Margin
AXON
AXON
HXL
HXL
Q1 26
44.5%
11.5%
Q4 25
-6.3%
12.5%
Q3 25
-0.3%
7.9%
Q2 25
-0.2%
6.1%
Q1 25
-1.5%
9.7%
Q4 24
-2.6%
1.9%
Q3 24
4.4%
11.5%
Q2 24
6.5%
14.3%
Net Margin
AXON
AXON
HXL
HXL
Q1 26
21.0%
7.4%
Q4 25
0.3%
9.4%
Q3 25
-0.3%
4.5%
Q2 25
5.4%
2.8%
Q1 25
14.6%
6.3%
Q4 24
23.7%
1.2%
Q3 24
12.3%
8.7%
Q2 24
8.1%
10.0%
EPS (diluted)
AXON
AXON
HXL
HXL
Q1 26
$2.05
$0.49
Q4 25
$0.02
Q3 25
$-0.03
Q2 25
$0.44
Q1 25
$1.08
Q4 24
$1.68
Q3 24
$0.86
Q2 24
$0.53

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
HXL
HXL
Cash + ST InvestmentsLiquidity on hand
$718.9M
$54.1M
Total DebtLower is stronger
$998.1M
Stockholders' EquityBook value
$3.5B
$1.3B
Total Assets
$7.1B
$2.7B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
HXL
HXL
Q1 26
$718.9M
$54.1M
Q4 25
$1.7B
$71.0M
Q3 25
$2.4B
$90.5M
Q2 25
$2.1B
$77.2M
Q1 25
$2.2B
$89.2M
Q4 24
$788.1M
$125.4M
Q3 24
$1.0B
$98.2M
Q2 24
$968.9M
$75.4M
Total Debt
AXON
AXON
HXL
HXL
Q1 26
$998.1M
Q4 25
$1.8B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$680.3M
Q3 24
Q2 24
Stockholders' Equity
AXON
AXON
HXL
HXL
Q1 26
$3.5B
$1.3B
Q4 25
$3.2B
$1.3B
Q3 25
$3.0B
$1.6B
Q2 25
$2.7B
$1.6B
Q1 25
$2.6B
$1.5B
Q4 24
$2.3B
$1.5B
Q3 24
$2.1B
$1.6B
Q2 24
$1.9B
$1.6B
Total Assets
AXON
AXON
HXL
HXL
Q1 26
$7.1B
$2.7B
Q4 25
$7.0B
$2.7B
Q3 25
$6.7B
$2.8B
Q2 25
$6.2B
$2.8B
Q1 25
$6.1B
$2.8B
Q4 24
$4.5B
$2.7B
Q3 24
$4.0B
$2.9B
Q2 24
$3.7B
$2.8B
Debt / Equity
AXON
AXON
HXL
HXL
Q1 26
0.79×
Q4 25
0.56×
Q3 25
0.66×
Q2 25
0.73×
Q1 25
0.79×
Q4 24
0.29×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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