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Side-by-side financial comparison of Axon Enterprise (AXON) and NEWMARK GROUP, INC. (NMRK). Click either name above to swap in a different company.

NEWMARK GROUP, INC. is the larger business by last-quarter revenue ($846.5M vs $807.3M, roughly 1.0× Axon Enterprise). Axon Enterprise runs the higher net margin — 21.0% vs 0.3%, a 20.7% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (33.7% vs 27.2%). Over the past eight quarters, NEWMARK GROUP, INC.'s revenue compounded faster (26.7% CAGR vs 26.6%).

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

Newmark Group Inc. is a global commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".

AXON vs NMRK — Head-to-Head

Bigger by revenue
NMRK
NMRK
1.0× larger
NMRK
$846.5M
$807.3M
AXON
Growing faster (revenue YoY)
AXON
AXON
+6.5% gap
AXON
33.7%
27.2%
NMRK
Higher net margin
AXON
AXON
20.7% more per $
AXON
21.0%
0.3%
NMRK
Faster 2-yr revenue CAGR
NMRK
NMRK
Annualised
NMRK
26.7%
26.6%
AXON

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXON
AXON
NMRK
NMRK
Revenue
$807.3M
$846.5M
Net Profit
$169.3M
$2.2M
Gross Margin
59.1%
Operating Margin
44.5%
3.1%
Net Margin
21.0%
0.3%
Revenue YoY
33.7%
27.2%
Net Profit YoY
130.6%
EPS (diluted)
$2.05
$0.08

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
NMRK
NMRK
Q1 26
$807.3M
$846.5M
Q4 25
$796.7M
$859.5M
Q3 25
$710.6M
$715.0M
Q2 25
$668.5M
$639.6M
Q1 25
$603.6M
$556.2M
Q4 24
$573.4M
$727.5M
Q3 24
$544.3M
$568.0M
Q2 24
$504.1M
$527.3M
Net Profit
AXON
AXON
NMRK
NMRK
Q1 26
$169.3M
$2.2M
Q4 25
$2.7M
$68.0M
Q3 25
$-2.2M
$46.2M
Q2 25
$36.1M
$20.8M
Q1 25
$88.0M
$-8.8M
Q4 24
$136.0M
$45.4M
Q3 24
$67.0M
$17.8M
Q2 24
$40.8M
$14.3M
Gross Margin
AXON
AXON
NMRK
NMRK
Q1 26
59.1%
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%
Operating Margin
AXON
AXON
NMRK
NMRK
Q1 26
44.5%
3.1%
Q4 25
-6.3%
14.4%
Q3 25
-0.3%
11.9%
Q2 25
-0.2%
6.7%
Q1 25
-1.5%
-3.1%
Q4 24
-2.6%
14.3%
Q3 24
4.4%
7.2%
Q2 24
6.5%
7.7%
Net Margin
AXON
AXON
NMRK
NMRK
Q1 26
21.0%
0.3%
Q4 25
0.3%
7.9%
Q3 25
-0.3%
6.5%
Q2 25
5.4%
3.3%
Q1 25
14.6%
-1.6%
Q4 24
23.7%
6.2%
Q3 24
12.3%
3.1%
Q2 24
8.1%
2.7%
EPS (diluted)
AXON
AXON
NMRK
NMRK
Q1 26
$2.05
$0.08
Q4 25
$0.02
$0.37
Q3 25
$-0.03
$0.25
Q2 25
$0.44
$0.11
Q1 25
$1.08
$-0.05
Q4 24
$1.68
$0.25
Q3 24
$0.86
$0.10
Q2 24
$0.53
$0.08

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
NMRK
NMRK
Cash + ST InvestmentsLiquidity on hand
$718.9M
$212.1M
Total DebtLower is stronger
$832.0M
Stockholders' EquityBook value
$3.5B
Total Assets
$7.1B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
NMRK
NMRK
Q1 26
$718.9M
$212.1M
Q4 25
$1.7B
$229.1M
Q3 25
$2.4B
$224.1M
Q2 25
$2.1B
$195.8M
Q1 25
$2.2B
$157.1M
Q4 24
$788.1M
$197.7M
Q3 24
$1.0B
$178.6M
Q2 24
$968.9M
$176.4M
Total Debt
AXON
AXON
NMRK
NMRK
Q1 26
$832.0M
Q4 25
$1.8B
$671.7M
Q3 25
$2.0B
$746.5M
Q2 25
$2.0B
$871.2M
Q1 25
$2.0B
$770.9M
Q4 24
$680.3M
$670.7M
Q3 24
$770.4M
Q2 24
$745.2M
Stockholders' Equity
AXON
AXON
NMRK
NMRK
Q1 26
$3.5B
Q4 25
$3.2B
$1.5B
Q3 25
$3.0B
$1.4B
Q2 25
$2.7B
$1.3B
Q1 25
$2.6B
$1.3B
Q4 24
$2.3B
$1.2B
Q3 24
$2.1B
$1.2B
Q2 24
$1.9B
$1.2B
Total Assets
AXON
AXON
NMRK
NMRK
Q1 26
$7.1B
$5.3B
Q4 25
$7.0B
$5.0B
Q3 25
$6.7B
$5.5B
Q2 25
$6.2B
$5.4B
Q1 25
$6.1B
$4.8B
Q4 24
$4.5B
$4.7B
Q3 24
$4.0B
$5.0B
Q2 24
$3.7B
$4.8B
Debt / Equity
AXON
AXON
NMRK
NMRK
Q1 26
Q4 25
0.56×
0.46×
Q3 25
0.66×
0.55×
Q2 25
0.73×
0.68×
Q1 25
0.79×
0.58×
Q4 24
0.29×
0.56×
Q3 24
0.66×
Q2 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXON
AXON
NMRK
NMRK
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-257.8M
FCF MarginFCF / Revenue
-30.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXON
AXON
NMRK
NMRK
Q1 26
Q4 25
$217.2M
$618.5M
Q3 25
$60.0M
$112.6M
Q2 25
$-91.7M
$-379.7M
Q1 25
$25.8M
$-179.4M
Q4 24
$250.2M
$402.6M
Q3 24
$91.3M
$-85.2M
Q2 24
$82.8M
$-258.5M
Free Cash Flow
AXON
AXON
NMRK
NMRK
Q1 26
$-257.8M
Q4 25
$155.4M
$608.8M
Q3 25
$33.4M
$104.9M
Q2 25
$-114.7M
$-386.2M
Q1 25
$932.0K
$-184.8M
Q4 24
$225.4M
$396.6M
Q3 24
$64.8M
$-94.4M
Q2 24
$71.4M
$-267.8M
FCF Margin
AXON
AXON
NMRK
NMRK
Q1 26
-30.5%
Q4 25
19.5%
70.8%
Q3 25
4.7%
14.7%
Q2 25
-17.2%
-60.4%
Q1 25
0.2%
-33.2%
Q4 24
39.3%
54.5%
Q3 24
11.9%
-16.6%
Q2 24
14.2%
-50.8%
Capex Intensity
AXON
AXON
NMRK
NMRK
Q1 26
Q4 25
7.8%
1.1%
Q3 25
3.7%
1.1%
Q2 25
3.4%
1.0%
Q1 25
4.1%
1.0%
Q4 24
4.3%
0.8%
Q3 24
4.9%
1.6%
Q2 24
2.2%
1.8%
Cash Conversion
AXON
AXON
NMRK
NMRK
Q1 26
Q4 25
79.14×
9.10×
Q3 25
2.44×
Q2 25
-2.54×
-18.24×
Q1 25
0.29×
Q4 24
1.84×
8.86×
Q3 24
1.36×
-4.79×
Q2 24
2.03×
-18.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXON
AXON

Segment breakdown not available.

NMRK
NMRK

Management Services, Servicing Fees and Other$344.0M41%
Capital Markets$252.5M30%
Leasing and Other Commissions$250.0M30%

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