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Side-by-side financial comparison of Axon Enterprise (AXON) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $50.3M, roughly 15.8× READING INTERNATIONAL INC). Axon Enterprise runs the higher net margin — 0.3% vs -5.1%, a 5.4% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -14.2%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $4.1M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 5.6%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
AXON vs RDI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $50.3M |
| Net Profit | $2.7M | $-2.6M |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | -1.9% |
| Net Margin | 0.3% | -5.1% |
| Revenue YoY | 38.9% | -14.2% |
| Net Profit YoY | -98.0% | -14.5% |
| EPS (diluted) | $0.02 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $710.6M | $52.2M | ||
| Q2 25 | $668.5M | $60.4M | ||
| Q1 25 | $603.6M | $40.2M | ||
| Q4 24 | $573.4M | $58.6M | ||
| Q3 24 | $544.3M | $60.1M | ||
| Q2 24 | $504.1M | $46.8M | ||
| Q1 24 | $460.7M | $45.1M |
| Q4 25 | $2.7M | $-2.6M | ||
| Q3 25 | $-2.2M | $-4.2M | ||
| Q2 25 | $36.1M | $-2.7M | ||
| Q1 25 | $88.0M | $-4.8M | ||
| Q4 24 | $136.0M | $-2.2M | ||
| Q3 24 | $67.0M | $-7.0M | ||
| Q2 24 | $40.8M | $-12.8M | ||
| Q1 24 | $133.2M | $-13.2M |
| 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% | -1.9% | ||
| Q3 25 | -0.3% | -0.6% | ||
| Q2 25 | -0.2% | 4.8% | ||
| Q1 25 | -1.5% | -17.2% | ||
| Q4 24 | -2.6% | 2.6% | ||
| Q3 24 | 4.4% | -0.6% | ||
| Q2 24 | 6.5% | -16.4% | ||
| Q1 24 | 3.5% | -16.7% |
| Q4 25 | 0.3% | -5.1% | ||
| Q3 25 | -0.3% | -8.0% | ||
| Q2 25 | 5.4% | -4.4% | ||
| Q1 25 | 14.6% | -11.8% | ||
| Q4 24 | 23.7% | -3.8% | ||
| Q3 24 | 12.3% | -11.7% | ||
| Q2 24 | 8.1% | -27.4% | ||
| Q1 24 | 28.9% | -29.4% |
| Q4 25 | $0.02 | $-0.11 | ||
| Q3 25 | $-0.03 | $-0.18 | ||
| Q2 25 | $0.44 | $-0.12 | ||
| Q1 25 | $1.08 | $-0.21 | ||
| Q4 24 | $1.68 | $-0.11 | ||
| Q3 24 | $0.86 | $-0.31 | ||
| Q2 24 | $0.53 | $-0.57 | ||
| Q1 24 | $1.73 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $1.8B | $185.1M |
| Stockholders' EquityBook value | $3.2B | $-18.2M |
| Total Assets | $7.0B | $434.9M |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $10.5M | ||
| Q3 25 | $2.4B | $8.1M | ||
| Q2 25 | $2.1B | $9.1M | ||
| Q1 25 | $2.2B | $5.9M | ||
| Q4 24 | $788.1M | $12.4M | ||
| Q3 24 | $1.0B | $10.1M | ||
| Q2 24 | $968.9M | $9.3M | ||
| Q1 24 | $964.1M | $7.5M |
| Q4 25 | $1.8B | $185.1M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $680.3M | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | $-18.2M | ||
| Q3 25 | $3.0B | $-12.1M | ||
| Q2 25 | $2.7B | $-7.7M | ||
| Q1 25 | $2.6B | $-8.1M | ||
| Q4 24 | $2.3B | $-4.4M | ||
| Q3 24 | $2.1B | $1.6M | ||
| Q2 24 | $1.9B | $6.5M | ||
| Q1 24 | $1.8B | $18.0M |
| Q4 25 | $7.0B | $434.9M | ||
| Q3 25 | $6.7B | $435.2M | ||
| Q2 25 | $6.2B | $438.1M | ||
| Q1 25 | $6.1B | $441.0M | ||
| Q4 24 | $4.5B | $471.0M | ||
| Q3 24 | $4.0B | $495.7M | ||
| Q2 24 | $3.7B | $494.9M | ||
| Q1 24 | $3.6B | $494.9M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | $155.4M | $4.1M |
| FCF MarginFCF / Revenue | 19.5% | 8.2% |
| Capex IntensityCapex / Revenue | 7.8% | 0.3% |
| Cash ConversionOCF / Net Profit | 79.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $4.3M | ||
| Q3 25 | $60.0M | $295.0K | ||
| Q2 25 | $-91.7M | $1.6M | ||
| Q1 25 | $25.8M | $-7.7M | ||
| Q4 24 | $250.2M | $8.0M | ||
| Q3 24 | $91.3M | $1.3M | ||
| Q2 24 | $82.8M | $-10.4M | ||
| Q1 24 | $-15.9M | $-2.8M |
| Q4 25 | $155.4M | $4.1M | ||
| Q3 25 | $33.4M | $-246.0K | ||
| Q2 25 | $-114.7M | $1.2M | ||
| Q1 25 | $932.0K | $-8.0M | ||
| Q4 24 | $225.4M | $7.0M | ||
| Q3 24 | $64.8M | $-1.1M | ||
| Q2 24 | $71.4M | $-10.6M | ||
| Q1 24 | $-32.1M | $-4.7M |
| Q4 25 | 19.5% | 8.2% | ||
| Q3 25 | 4.7% | -0.5% | ||
| Q2 25 | -17.2% | 1.9% | ||
| Q1 25 | 0.2% | -19.8% | ||
| Q4 24 | 39.3% | 12.0% | ||
| Q3 24 | 11.9% | -1.8% | ||
| Q2 24 | 14.2% | -22.7% | ||
| Q1 24 | -7.0% | -10.4% |
| Q4 25 | 7.8% | 0.3% | ||
| Q3 25 | 3.7% | 1.0% | ||
| Q2 25 | 3.4% | 0.6% | ||
| Q1 25 | 4.1% | 0.6% | ||
| Q4 24 | 4.3% | 1.7% | ||
| Q3 24 | 4.9% | 4.0% | ||
| Q2 24 | 2.2% | 0.5% | ||
| Q1 24 | 3.5% | 4.3% |
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | — |
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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
