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

Axon Enterprise is the larger business by last-quarter revenue ($807.3M vs $669.7M, roughly 1.2× NEWMARKET CORP). Axon Enterprise runs the higher net margin — 21.0% vs 17.6%, a 3.3% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (33.7% vs -4.5%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (26.6% CAGR vs -2.9%).

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

NewMarket Corporation, is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.

AXON vs NEU — Head-to-Head

Bigger by revenue
AXON
AXON
1.2× larger
AXON
$807.3M
$669.7M
NEU
Growing faster (revenue YoY)
AXON
AXON
+38.2% gap
AXON
33.7%
-4.5%
NEU
Higher net margin
AXON
AXON
3.3% more per $
AXON
21.0%
17.6%
NEU
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
26.6%
-2.9%
NEU

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXON
AXON
NEU
NEU
Revenue
$807.3M
$669.7M
Net Profit
$169.3M
$118.1M
Gross Margin
59.1%
33.0%
Operating Margin
44.5%
21.4%
Net Margin
21.0%
17.6%
Revenue YoY
33.7%
-4.5%
Net Profit YoY
-6.3%
EPS (diluted)
$2.05
$12.62

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
NEU
NEU
Q1 26
$807.3M
$669.7M
Q4 25
$796.7M
$635.4M
Q3 25
$710.6M
$690.3M
Q2 25
$668.5M
$698.5M
Q1 25
$603.6M
$700.9M
Q4 24
$573.4M
$654.6M
Q3 24
$544.3M
$724.9M
Q2 24
$504.1M
$710.2M
Net Profit
AXON
AXON
NEU
NEU
Q1 26
$169.3M
$118.1M
Q4 25
$2.7M
$81.3M
Q3 25
$-2.2M
$100.3M
Q2 25
$36.1M
$111.2M
Q1 25
$88.0M
$125.9M
Q4 24
$136.0M
$110.7M
Q3 24
$67.0M
$132.3M
Q2 24
$40.8M
$111.6M
Gross Margin
AXON
AXON
NEU
NEU
Q1 26
59.1%
33.0%
Q4 25
57.9%
30.0%
Q3 25
60.1%
30.4%
Q2 25
60.4%
31.6%
Q1 25
60.6%
33.7%
Q4 24
60.5%
31.7%
Q3 24
60.8%
33.6%
Q2 24
60.3%
30.8%
Operating Margin
AXON
AXON
NEU
NEU
Q1 26
44.5%
21.4%
Q4 25
-6.3%
17.3%
Q3 25
-0.3%
18.9%
Q2 25
-0.2%
20.5%
Q1 25
-1.5%
22.8%
Q4 24
-2.6%
20.3%
Q3 24
4.4%
23.4%
Q2 24
6.5%
20.7%
Net Margin
AXON
AXON
NEU
NEU
Q1 26
21.0%
17.6%
Q4 25
0.3%
12.8%
Q3 25
-0.3%
14.5%
Q2 25
5.4%
15.9%
Q1 25
14.6%
18.0%
Q4 24
23.7%
16.9%
Q3 24
12.3%
18.3%
Q2 24
8.1%
15.7%
EPS (diluted)
AXON
AXON
NEU
NEU
Q1 26
$2.05
$12.62
Q4 25
$0.02
$8.67
Q3 25
$-0.03
$10.67
Q2 25
$0.44
$11.84
Q1 25
$1.08
$13.26
Q4 24
$1.68
$11.57
Q3 24
$0.86
$13.79
Q2 24
$0.53
$11.63

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
NEU
NEU
Cash + ST InvestmentsLiquidity on hand
$718.9M
$73.2M
Total DebtLower is stronger
$939.6M
Stockholders' EquityBook value
$3.5B
$1.7B
Total Assets
$7.1B
$3.5B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
NEU
NEU
Q1 26
$718.9M
$73.2M
Q4 25
$1.7B
$77.6M
Q3 25
$2.4B
$102.5M
Q2 25
$2.1B
$70.3M
Q1 25
$2.2B
$118.3M
Q4 24
$788.1M
$77.5M
Q3 24
$1.0B
$80.3M
Q2 24
$968.9M
$87.6M
Total Debt
AXON
AXON
NEU
NEU
Q1 26
$939.6M
Q4 25
$1.8B
$883.4M
Q3 25
$2.0B
$783.1M
Q2 25
$2.0B
$841.8M
Q1 25
$2.0B
$990.6M
Q4 24
$680.3M
$971.3M
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
AXON
AXON
NEU
NEU
Q1 26
$3.5B
$1.7B
Q4 25
$3.2B
$1.8B
Q3 25
$3.0B
$1.7B
Q2 25
$2.7B
$1.6B
Q1 25
$2.6B
$1.5B
Q4 24
$2.3B
$1.5B
Q3 24
$2.1B
$1.4B
Q2 24
$1.9B
$1.2B
Total Assets
AXON
AXON
NEU
NEU
Q1 26
$7.1B
$3.5B
Q4 25
$7.0B
$3.5B
Q3 25
$6.7B
$3.2B
Q2 25
$6.2B
$3.2B
Q1 25
$6.1B
$3.2B
Q4 24
$4.5B
$3.1B
Q3 24
$4.0B
$3.2B
Q2 24
$3.7B
$3.2B
Debt / Equity
AXON
AXON
NEU
NEU
Q1 26
0.54×
Q4 25
0.56×
0.50×
Q3 25
0.66×
0.46×
Q2 25
0.73×
0.52×
Q1 25
0.79×
0.65×
Q4 24
0.29×
0.66×
Q3 24
0.80×
Q2 24
0.95×

Financial Flow Comparison

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

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