vs
Side-by-side financial comparison of Axon Enterprise (AXON) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $796.7M, roughly 1.1× Axon Enterprise). Primerica, Inc. runs the higher net margin — 23.1% vs 0.3%, a 22.7% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 11.0%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 7.2%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
AXON vs PRI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $853.7M |
| Net Profit | $2.7M | $197.0M |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | 28.9% |
| Net Margin | 0.3% | 23.1% |
| Revenue YoY | 38.9% | 11.0% |
| Net Profit YoY | -98.0% | 17.9% |
| EPS (diluted) | $0.02 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $710.6M | $839.9M | ||
| Q2 25 | $668.5M | $793.3M | ||
| Q1 25 | $603.6M | $804.8M | ||
| Q4 24 | $573.4M | $768.8M | ||
| Q3 24 | $544.3M | $774.1M | ||
| Q2 24 | $504.1M | $803.4M | ||
| Q1 24 | $460.7M | $742.8M |
| Q4 25 | $2.7M | $197.0M | ||
| Q3 25 | $-2.2M | $206.8M | ||
| Q2 25 | $36.1M | $178.3M | ||
| Q1 25 | $88.0M | $169.1M | ||
| Q4 24 | $136.0M | $167.1M | ||
| Q3 24 | $67.0M | $164.4M | ||
| Q2 24 | $40.8M | $1.2M | ||
| Q1 24 | $133.2M | $137.9M |
| 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% | 98.0% | ||
| Q1 24 | 56.4% | 98.2% |
| Q4 25 | -6.3% | 28.9% | ||
| Q3 25 | -0.3% | 32.3% | ||
| Q2 25 | -0.2% | 29.6% | ||
| Q1 25 | -1.5% | 27.5% | ||
| Q4 24 | -2.6% | 64.7% | ||
| Q3 24 | 4.4% | 32.9% | ||
| Q2 24 | 6.5% | 1.0% | ||
| Q1 24 | 3.5% | 24.1% |
| Q4 25 | 0.3% | 23.1% | ||
| Q3 25 | -0.3% | 24.6% | ||
| Q2 25 | 5.4% | 22.5% | ||
| Q1 25 | 14.6% | 21.0% | ||
| Q4 24 | 23.7% | 21.7% | ||
| Q3 24 | 12.3% | 21.2% | ||
| Q2 24 | 8.1% | 0.1% | ||
| Q1 24 | 28.9% | 18.6% |
| Q4 25 | $0.02 | $6.11 | ||
| Q3 25 | $-0.03 | $6.35 | ||
| Q2 25 | $0.44 | $5.40 | ||
| Q1 25 | $1.08 | $5.05 | ||
| Q4 24 | $1.68 | $4.92 | ||
| Q3 24 | $0.86 | $4.83 | ||
| Q2 24 | $0.53 | $0.03 | ||
| Q1 24 | $1.73 | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.2B | $2.4B |
| Total Assets | $7.0B | $15.0B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $756.2M | ||
| Q3 25 | $2.4B | $644.9M | ||
| Q2 25 | $2.1B | $621.2M | ||
| Q1 25 | $2.2B | $625.1M | ||
| Q4 24 | $788.1M | $687.8M | ||
| Q3 24 | $1.0B | $550.1M | ||
| Q2 24 | $968.9M | $627.3M | ||
| Q1 24 | $964.1M | $593.4M |
| 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 | $2.4B | ||
| Q3 25 | $3.0B | $2.3B | ||
| Q2 25 | $2.7B | $2.3B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $1.9B | $2.1B | ||
| Q1 24 | $1.8B | $2.2B |
| Q4 25 | $7.0B | $15.0B | ||
| Q3 25 | $6.7B | $14.8B | ||
| Q2 25 | $6.2B | $14.8B | ||
| Q1 25 | $6.1B | $14.6B | ||
| Q4 24 | $4.5B | $14.6B | ||
| Q3 24 | $4.0B | $14.8B | ||
| Q2 24 | $3.7B | $14.6B | ||
| Q1 24 | $3.6B | $14.9B |
| 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 | $338.2M |
| Free Cash FlowOCF − Capex | $155.4M | — |
| FCF MarginFCF / Revenue | 19.5% | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 79.14× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $338.2M | ||
| Q3 25 | $60.0M | $202.9M | ||
| Q2 25 | $-91.7M | $162.6M | ||
| Q1 25 | $25.8M | $197.5M | ||
| Q4 24 | $250.2M | $270.6M | ||
| Q3 24 | $91.3M | $207.3M | ||
| Q2 24 | $82.8M | $173.3M | ||
| Q1 24 | $-15.9M | $210.9M |
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | — | ||
| Q2 25 | $-114.7M | — | ||
| Q1 25 | $932.0K | — | ||
| Q4 24 | $225.4M | — | ||
| Q3 24 | $64.8M | — | ||
| Q2 24 | $71.4M | — | ||
| Q1 24 | $-32.1M | — |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | -17.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | -7.0% | — |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | 79.14× | 1.72× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | -2.54× | 0.91× | ||
| Q1 25 | 0.29× | 1.17× | ||
| Q4 24 | 1.84× | 1.62× | ||
| Q3 24 | 1.36× | 1.26× | ||
| Q2 24 | 2.03× | 147.98× | ||
| Q1 24 | -0.12× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
