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Side-by-side financial comparison of Axon Enterprise (AXON) and Janus International Group, Inc. (JBI). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $219.3M, roughly 3.6× Janus International Group, Inc.). Janus International Group, Inc. runs the higher net margin — 6.9% vs 0.3%, a 6.6% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -4.7%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $8.3M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs -8.8%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
AXON vs JBI — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $219.3M |
| Net Profit | $2.7M | $15.2M |
| Gross Margin | 57.9% | 39.1% |
| Operating Margin | -6.3% | 13.4% |
| Net Margin | 0.3% | 6.9% |
| Revenue YoY | 38.9% | -4.7% |
| Net Profit YoY | -98.0% | 28.8% |
| EPS (diluted) | $0.02 | $0.11 |
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 | — | ||
| Q3 25 | $710.6M | $219.3M | ||
| Q2 25 | $668.5M | $228.1M | ||
| Q1 25 | $603.6M | $210.5M | ||
| Q4 24 | $573.4M | $230.8M | ||
| Q3 24 | $544.3M | $230.1M | ||
| Q2 24 | $504.1M | $248.4M | ||
| Q1 24 | $460.7M | $254.5M |
| Q4 25 | $2.7M | — | ||
| Q3 25 | $-2.2M | $15.2M | ||
| Q2 25 | $36.1M | $20.7M | ||
| Q1 25 | $88.0M | $10.8M | ||
| Q4 24 | $136.0M | $300.0K | ||
| Q3 24 | $67.0M | $11.8M | ||
| Q2 24 | $40.8M | $27.6M | ||
| Q1 24 | $133.2M | $30.7M |
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | 39.1% | ||
| Q2 25 | 60.4% | 40.9% | ||
| Q1 25 | 60.6% | 38.9% | ||
| Q4 24 | 60.5% | 37.8% | ||
| Q3 24 | 60.8% | 39.6% | ||
| Q2 24 | 60.3% | 43.9% | ||
| Q1 24 | 56.4% | 43.4% |
| Q4 25 | -6.3% | — | ||
| Q3 25 | -0.3% | 13.4% | ||
| Q2 25 | -0.2% | 15.8% | ||
| Q1 25 | -1.5% | 12.0% | ||
| Q4 24 | -2.6% | 5.5% | ||
| Q3 24 | 4.4% | 11.6% | ||
| Q2 24 | 6.5% | 20.8% | ||
| Q1 24 | 3.5% | 21.8% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | -0.3% | 6.9% | ||
| Q2 25 | 5.4% | 9.1% | ||
| Q1 25 | 14.6% | 5.1% | ||
| Q4 24 | 23.7% | 0.1% | ||
| Q3 24 | 12.3% | 5.1% | ||
| Q2 24 | 8.1% | 11.1% | ||
| Q1 24 | 28.9% | 12.1% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $-0.03 | $0.11 | ||
| Q2 25 | $0.44 | $0.15 | ||
| Q1 25 | $1.08 | $0.08 | ||
| Q4 24 | $1.68 | $0.01 | ||
| Q3 24 | $0.86 | $0.08 | ||
| Q2 24 | $0.53 | $0.19 | ||
| Q1 24 | $1.73 | $0.21 |
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 | — |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.2B | $560.8M |
| Total Assets | $7.0B | $1.3B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $788.1M | — | ||
| Q3 24 | $1.0B | $102.1M | ||
| Q2 24 | $968.9M | $110.1M | ||
| Q1 24 | $964.1M | — |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $560.8M | ||
| Q2 25 | $2.7B | $543.8M | ||
| Q1 25 | $2.6B | $526.8M | ||
| Q4 24 | $2.3B | $518.8M | ||
| Q3 24 | $2.1B | $526.6M | ||
| Q2 24 | $1.9B | $556.3M | ||
| Q1 24 | $1.8B | $535.4M |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.7B | $1.3B | ||
| Q2 25 | $6.2B | $1.3B | ||
| Q1 25 | $6.1B | $1.3B | ||
| Q4 24 | $4.5B | $1.3B | ||
| Q3 24 | $4.0B | $1.3B | ||
| Q2 24 | $3.7B | $1.3B | ||
| Q1 24 | $3.6B | $1.4B |
| 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 | $15.0M |
| Free Cash FlowOCF − Capex | $155.4M | $8.3M |
| FCF MarginFCF / Revenue | 19.5% | 3.8% |
| Capex IntensityCapex / Revenue | 7.8% | 3.1% |
| Cash ConversionOCF / Net Profit | 79.14× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | — | ||
| Q3 25 | $60.0M | $15.0M | ||
| Q2 25 | $-91.7M | $51.4M | ||
| Q1 25 | $25.8M | $48.3M | ||
| Q4 24 | $250.2M | $51.4M | ||
| Q3 24 | $91.3M | $43.0M | ||
| Q2 24 | $82.8M | $31.0M | ||
| Q1 24 | $-15.9M | $28.6M |
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | $8.3M | ||
| Q2 25 | $-114.7M | $44.6M | ||
| Q1 25 | $932.0K | $41.9M | ||
| Q4 24 | $225.4M | $45.3M | ||
| Q3 24 | $64.8M | $39.3M | ||
| Q2 24 | $71.4M | $25.3M | ||
| Q1 24 | $-32.1M | $24.0M |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | 3.8% | ||
| Q2 25 | -17.2% | 19.6% | ||
| Q1 25 | 0.2% | 19.9% | ||
| Q4 24 | 39.3% | 19.6% | ||
| Q3 24 | 11.9% | 17.1% | ||
| Q2 24 | 14.2% | 10.2% | ||
| Q1 24 | -7.0% | 9.4% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | 3.1% | ||
| Q2 25 | 3.4% | 3.0% | ||
| Q1 25 | 4.1% | 3.0% | ||
| Q4 24 | 4.3% | 2.6% | ||
| Q3 24 | 4.9% | 1.6% | ||
| Q2 24 | 2.2% | 2.3% | ||
| Q1 24 | 3.5% | 1.8% |
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | -2.54× | 2.48× | ||
| Q1 25 | 0.29× | 4.47× | ||
| Q4 24 | 1.84× | 171.33× | ||
| Q3 24 | 1.36× | 3.64× | ||
| Q2 24 | 2.03× | 1.12× | ||
| Q1 24 | -0.12× | 0.93× |
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% |
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
