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Side-by-side financial comparison of Axon Enterprise (AXON) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $745.1M, roughly 1.1× Life Time Group Holdings, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs 0.3%, a 16.2% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 12.3%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $-64.6M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 11.7%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.
AXON vs LTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $745.1M |
| Net Profit | $2.7M | $123.0M |
| Gross Margin | 57.9% | 49.1% |
| Operating Margin | -6.3% | 17.4% |
| Net Margin | 0.3% | 16.5% |
| Revenue YoY | 38.9% | 12.3% |
| Net Profit YoY | -98.0% | 231.0% |
| EPS (diluted) | $0.02 | $0.55 |
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 | $745.1M | ||
| Q3 25 | $710.6M | $782.6M | ||
| Q2 25 | $668.5M | $761.5M | ||
| Q1 25 | $603.6M | $706.0M | ||
| Q4 24 | $573.4M | $663.3M | ||
| Q3 24 | $544.3M | $693.2M | ||
| Q2 24 | $504.1M | $667.8M | ||
| Q1 24 | $460.7M | $596.7M |
| Q4 25 | $2.7M | $123.0M | ||
| Q3 25 | $-2.2M | $102.4M | ||
| Q2 25 | $36.1M | $72.1M | ||
| Q1 25 | $88.0M | $76.1M | ||
| Q4 24 | $136.0M | $37.2M | ||
| Q3 24 | $67.0M | $41.4M | ||
| Q2 24 | $40.8M | $52.8M | ||
| Q1 24 | $133.2M | $24.9M |
| Q4 25 | 57.9% | 49.1% | ||
| Q3 25 | 60.1% | 47.1% | ||
| Q2 25 | 60.4% | 47.0% | ||
| Q1 25 | 60.6% | 47.5% | ||
| Q4 24 | 60.5% | 48.2% | ||
| Q3 24 | 60.8% | 46.5% | ||
| Q2 24 | 60.3% | 46.8% | ||
| Q1 24 | 56.4% | 46.1% |
| Q4 25 | -6.3% | 17.4% | ||
| Q3 25 | -0.3% | 17.3% | ||
| Q2 25 | -0.2% | 14.2% | ||
| Q1 25 | -1.5% | 15.2% | ||
| Q4 24 | -2.6% | 13.1% | ||
| Q3 24 | 4.4% | 13.5% | ||
| Q2 24 | 6.5% | 15.7% | ||
| Q1 24 | 3.5% | 12.1% |
| Q4 25 | 0.3% | 16.5% | ||
| Q3 25 | -0.3% | 13.1% | ||
| Q2 25 | 5.4% | 9.5% | ||
| Q1 25 | 14.6% | 10.8% | ||
| Q4 24 | 23.7% | 5.6% | ||
| Q3 24 | 12.3% | 6.0% | ||
| Q2 24 | 8.1% | 7.9% | ||
| Q1 24 | 28.9% | 4.2% |
| Q4 25 | $0.02 | $0.55 | ||
| Q3 25 | $-0.03 | $0.45 | ||
| Q2 25 | $0.44 | $0.32 | ||
| Q1 25 | $1.08 | $0.34 | ||
| Q4 24 | $1.68 | $0.17 | ||
| Q3 24 | $0.86 | $0.19 | ||
| Q2 24 | $0.53 | $0.26 | ||
| Q1 24 | $1.73 | $0.12 |
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 | $204.8M |
| Total DebtLower is stronger | $1.8B | $1.5B |
| Stockholders' EquityBook value | $3.2B | $3.1B |
| Total Assets | $7.0B | $8.0B |
| Debt / EquityLower = less leverage | 0.56× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $204.8M | ||
| Q3 25 | $2.4B | $218.9M | ||
| Q2 25 | $2.1B | $175.5M | ||
| Q1 25 | $2.2B | $59.0M | ||
| Q4 24 | $788.1M | $10.9M | ||
| Q3 24 | $1.0B | $120.9M | ||
| Q2 24 | $968.9M | $34.5M | ||
| Q1 24 | $964.1M | $18.6M |
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $680.3M | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $3.0B | $3.0B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.1B | $2.6B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.8B | $2.3B |
| Q4 25 | $7.0B | $8.0B | ||
| Q3 25 | $6.7B | $7.8B | ||
| Q2 25 | $6.2B | $7.6B | ||
| Q1 25 | $6.1B | $7.3B | ||
| Q4 24 | $4.5B | $7.2B | ||
| Q3 24 | $4.0B | $7.2B | ||
| Q2 24 | $3.7B | $7.1B | ||
| Q1 24 | $3.6B | $7.1B |
| Q4 25 | 0.56× | 0.48× | ||
| Q3 25 | 0.66× | 0.51× | ||
| Q2 25 | 0.73× | 0.53× | ||
| Q1 25 | 0.79× | 0.56× | ||
| Q4 24 | 0.29× | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.87× |
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 | $239.9M |
| Free Cash FlowOCF − Capex | $155.4M | $-64.6M |
| FCF MarginFCF / Revenue | 19.5% | -8.7% |
| Capex IntensityCapex / Revenue | 7.8% | 40.9% |
| Cash ConversionOCF / Net Profit | 79.14× | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $239.9M | ||
| Q3 25 | $60.0M | $251.1M | ||
| Q2 25 | $-91.7M | $195.7M | ||
| Q1 25 | $25.8M | $183.9M | ||
| Q4 24 | $250.2M | $163.1M | ||
| Q3 24 | $91.3M | $151.1M | ||
| Q2 24 | $82.8M | $170.4M | ||
| Q1 24 | $-15.9M | $90.4M |
| Q4 25 | $155.4M | $-64.6M | ||
| Q3 25 | $33.4M | $28.6M | ||
| Q2 25 | $-114.7M | $-26.3M | ||
| Q1 25 | $932.0K | $41.4M | ||
| Q4 24 | $225.4M | $26.8M | ||
| Q3 24 | $64.8M | $64.0M | ||
| Q2 24 | $71.4M | $26.1M | ||
| Q1 24 | $-32.1M | $-66.4M |
| Q4 25 | 19.5% | -8.7% | ||
| Q3 25 | 4.7% | 3.7% | ||
| Q2 25 | -17.2% | -3.5% | ||
| Q1 25 | 0.2% | 5.9% | ||
| Q4 24 | 39.3% | 4.0% | ||
| Q3 24 | 11.9% | 9.2% | ||
| Q2 24 | 14.2% | 3.9% | ||
| Q1 24 | -7.0% | -11.1% |
| Q4 25 | 7.8% | 40.9% | ||
| Q3 25 | 3.7% | 28.4% | ||
| Q2 25 | 3.4% | 29.2% | ||
| Q1 25 | 4.1% | 20.2% | ||
| Q4 24 | 4.3% | 20.6% | ||
| Q3 24 | 4.9% | 12.6% | ||
| Q2 24 | 2.2% | 21.6% | ||
| Q1 24 | 3.5% | 26.3% |
| Q4 25 | 79.14× | 1.95× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | -2.54× | 2.71× | ||
| Q1 25 | 0.29× | 2.41× | ||
| Q4 24 | 1.84× | 4.39× | ||
| Q3 24 | 1.36× | 3.65× | ||
| Q2 24 | 2.03× | 3.23× | ||
| Q1 24 | -0.12× | 3.63× |
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% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
