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Side-by-side financial comparison of Axon Enterprise (AXON) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $555.6M, roughly 1.4× Mid-America Apartment Communities). Mid-America Apartment Communities runs the higher net margin — 10.4% vs 0.3%, a 10.0% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 1.0%). Mid-America Apartment Communities produced more free cash flow last quarter ($158.6M vs $155.4M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 1.1%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
AXON vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $555.6M |
| Net Profit | $2.7M | $57.6M |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | 10.4% |
| Net Margin | 0.3% | 10.4% |
| Revenue YoY | 38.9% | 1.0% |
| Net Profit YoY | -98.0% | -65.5% |
| EPS (diluted) | $0.02 | $0.48 |
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 | $555.6M | ||
| Q3 25 | $710.6M | $554.4M | ||
| Q2 25 | $668.5M | $549.9M | ||
| Q1 25 | $603.6M | $549.3M | ||
| Q4 24 | $573.4M | $549.8M | ||
| Q3 24 | $544.3M | $551.1M | ||
| Q2 24 | $504.1M | $546.4M | ||
| Q1 24 | $460.7M | $543.6M |
| Q4 25 | $2.7M | $57.6M | ||
| Q3 25 | $-2.2M | $99.5M | ||
| Q2 25 | $36.1M | $108.1M | ||
| Q1 25 | $88.0M | $181.7M | ||
| Q4 24 | $136.0M | $166.6M | ||
| Q3 24 | $67.0M | $115.2M | ||
| Q2 24 | $40.8M | $102.0M | ||
| Q1 24 | $133.2M | $143.7M |
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | — | ||
| Q2 25 | 60.4% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | — | ||
| Q2 24 | 60.3% | — | ||
| Q1 24 | 56.4% | — |
| Q4 25 | -6.3% | 10.4% | ||
| Q3 25 | -0.3% | 18.7% | ||
| Q2 25 | -0.2% | 20.2% | ||
| Q1 25 | -1.5% | 34.0% | ||
| Q4 24 | -2.6% | 31.3% | ||
| Q3 24 | 4.4% | 21.5% | ||
| Q2 24 | 6.5% | 19.3% | ||
| Q1 24 | 3.5% | 27.4% |
| Q4 25 | 0.3% | 10.4% | ||
| Q3 25 | -0.3% | 18.0% | ||
| Q2 25 | 5.4% | 19.7% | ||
| Q1 25 | 14.6% | 33.1% | ||
| Q4 24 | 23.7% | 30.3% | ||
| Q3 24 | 12.3% | 20.9% | ||
| Q2 24 | 8.1% | 18.7% | ||
| Q1 24 | 28.9% | 26.4% |
| Q4 25 | $0.02 | $0.48 | ||
| Q3 25 | $-0.03 | $0.84 | ||
| Q2 25 | $0.44 | $0.92 | ||
| Q1 25 | $1.08 | $1.54 | ||
| Q4 24 | $1.68 | $1.43 | ||
| Q3 24 | $0.86 | $0.98 | ||
| Q2 24 | $0.53 | $0.86 | ||
| Q1 24 | $1.73 | $1.22 |
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 | $60.3M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.2B | $5.7B |
| Total Assets | $7.0B | $12.0B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $60.3M | ||
| Q3 25 | $2.4B | $32.2M | ||
| Q2 25 | $2.1B | $54.5M | ||
| Q1 25 | $2.2B | $55.8M | ||
| Q4 24 | $788.1M | $43.0M | ||
| Q3 24 | $1.0B | $50.2M | ||
| Q2 24 | $968.9M | $62.8M | ||
| Q1 24 | $964.1M | $54.6M |
| 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 | $5.7B | ||
| Q3 25 | $3.0B | $5.8B | ||
| Q2 25 | $2.7B | $5.9B | ||
| Q1 25 | $2.6B | $5.9B | ||
| Q4 24 | $2.3B | $5.9B | ||
| Q3 24 | $2.1B | $5.9B | ||
| Q2 24 | $1.9B | $6.0B | ||
| Q1 24 | $1.8B | $6.1B |
| Q4 25 | $7.0B | $12.0B | ||
| Q3 25 | $6.7B | $11.9B | ||
| Q2 25 | $6.2B | $11.8B | ||
| Q1 25 | $6.1B | $11.8B | ||
| Q4 24 | $4.5B | $11.8B | ||
| Q3 24 | $4.0B | $11.8B | ||
| Q2 24 | $3.7B | $11.6B | ||
| Q1 24 | $3.6B | $11.5B |
| 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 | $261.7M |
| Free Cash FlowOCF − Capex | $155.4M | $158.6M |
| FCF MarginFCF / Revenue | 19.5% | 28.5% |
| Capex IntensityCapex / Revenue | 7.8% | 18.6% |
| Cash ConversionOCF / Net Profit | 79.14× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $717.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $261.7M | ||
| Q3 25 | $60.0M | $266.4M | ||
| Q2 25 | $-91.7M | $353.4M | ||
| Q1 25 | $25.8M | $196.6M | ||
| Q4 24 | $250.2M | $239.1M | ||
| Q3 24 | $91.3M | $309.5M | ||
| Q2 24 | $82.8M | $349.4M | ||
| Q1 24 | $-15.9M | $200.3M |
| Q4 25 | $155.4M | $158.6M | ||
| Q3 25 | $33.4M | $170.8M | ||
| Q2 25 | $-114.7M | $264.5M | ||
| Q1 25 | $932.0K | $124.0M | ||
| Q4 24 | $225.4M | $152.6M | ||
| Q3 24 | $64.8M | $215.5M | ||
| Q2 24 | $71.4M | $259.7M | ||
| Q1 24 | $-32.1M | $148.2M |
| Q4 25 | 19.5% | 28.5% | ||
| Q3 25 | 4.7% | 30.8% | ||
| Q2 25 | -17.2% | 48.1% | ||
| Q1 25 | 0.2% | 22.6% | ||
| Q4 24 | 39.3% | 27.8% | ||
| Q3 24 | 11.9% | 39.1% | ||
| Q2 24 | 14.2% | 47.5% | ||
| Q1 24 | -7.0% | 27.3% |
| Q4 25 | 7.8% | 18.6% | ||
| Q3 25 | 3.7% | 17.2% | ||
| Q2 25 | 3.4% | 16.2% | ||
| Q1 25 | 4.1% | 13.2% | ||
| Q4 24 | 4.3% | 15.7% | ||
| Q3 24 | 4.9% | 17.1% | ||
| Q2 24 | 2.2% | 16.4% | ||
| Q1 24 | 3.5% | 9.6% |
| Q4 25 | 79.14× | 4.55× | ||
| Q3 25 | — | 2.68× | ||
| Q2 25 | -2.54× | 3.27× | ||
| Q1 25 | 0.29× | 1.08× | ||
| Q4 24 | 1.84× | 1.43× | ||
| Q3 24 | 1.36× | 2.69× | ||
| Q2 24 | 2.03× | 3.43× | ||
| Q1 24 | -0.12× | 1.39× |
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% |
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
