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Side-by-side financial comparison of Axon Enterprise (AXON) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $151.1M, roughly 5.3× STURM RUGER & CO INC). On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 3.6%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $12.3M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 5.1%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
AXON vs RGR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $151.1M |
| Net Profit | $2.7M | — |
| Gross Margin | 57.9% | 17.8% |
| Operating Margin | -6.3% | 2.3% |
| Net Margin | 0.3% | — |
| Revenue YoY | 38.9% | 3.6% |
| Net Profit YoY | -98.0% | — |
| EPS (diluted) | $0.02 | $0.22 |
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 | $151.1M | ||
| Q3 25 | $710.6M | $126.8M | ||
| Q2 25 | $668.5M | $132.5M | ||
| Q1 25 | $603.6M | $135.7M | ||
| Q4 24 | $573.4M | $145.8M | ||
| Q3 24 | $544.3M | $122.3M | ||
| Q2 24 | $504.1M | $130.8M | ||
| Q1 24 | $460.7M | $136.8M |
| Q4 25 | $2.7M | — | ||
| Q3 25 | $-2.2M | $1.6M | ||
| Q2 25 | $36.1M | $-17.2M | ||
| Q1 25 | $88.0M | $7.8M | ||
| Q4 24 | $136.0M | — | ||
| Q3 24 | $67.0M | $4.7M | ||
| Q2 24 | $40.8M | $8.3M | ||
| Q1 24 | $133.2M | $7.1M |
| Q4 25 | 57.9% | 17.8% | ||
| Q3 25 | 60.1% | 15.1% | ||
| Q2 25 | 60.4% | 3.9% | ||
| Q1 25 | 60.6% | 22.0% | ||
| Q4 24 | 60.5% | 22.8% | ||
| Q3 24 | 60.8% | 18.5% | ||
| Q2 24 | 60.3% | 22.3% | ||
| Q1 24 | 56.4% | 21.5% |
| Q4 25 | -6.3% | 2.3% | ||
| Q3 25 | -0.3% | -2.7% | ||
| Q2 25 | -0.2% | -15.6% | ||
| Q1 25 | -1.5% | 6.2% | ||
| Q4 24 | -2.6% | 7.8% | ||
| Q3 24 | 4.4% | 3.1% | ||
| Q2 24 | 6.5% | 6.9% | ||
| Q1 24 | 3.5% | 5.5% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | -0.3% | 1.2% | ||
| Q2 25 | 5.4% | -13.0% | ||
| Q1 25 | 14.6% | 5.7% | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 12.3% | 3.9% | ||
| Q2 24 | 8.1% | 6.3% | ||
| Q1 24 | 28.9% | 5.2% |
| Q4 25 | $0.02 | $0.22 | ||
| Q3 25 | $-0.03 | $0.10 | ||
| Q2 25 | $0.44 | $-1.05 | ||
| Q1 25 | $1.08 | $0.46 | ||
| Q4 24 | $1.68 | $0.62 | ||
| Q3 24 | $0.86 | $0.28 | ||
| Q2 24 | $0.53 | $0.47 | ||
| Q1 24 | $1.73 | $0.40 |
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 | $92.5M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.2B | $283.8M |
| Total Assets | $7.0B | $342.0M |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $92.5M | ||
| Q3 25 | $2.4B | $80.8M | ||
| Q2 25 | $2.1B | $101.4M | ||
| Q1 25 | $2.2B | $108.3M | ||
| Q4 24 | $788.1M | $105.5M | ||
| Q3 24 | $1.0B | $96.0M | ||
| Q2 24 | $968.9M | $105.6M | ||
| Q1 24 | $964.1M | $115.3M |
| 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 | $283.8M | ||
| Q3 25 | $3.0B | $279.6M | ||
| Q2 25 | $2.7B | $289.3M | ||
| Q1 25 | $2.6B | $321.5M | ||
| Q4 24 | $2.3B | $319.6M | ||
| Q3 24 | $2.1B | $314.9M | ||
| Q2 24 | $1.9B | $321.5M | ||
| Q1 24 | $1.8B | $332.0M |
| Q4 25 | $7.0B | $342.0M | ||
| Q3 25 | $6.7B | $342.3M | ||
| Q2 25 | $6.2B | $349.5M | ||
| Q1 25 | $6.1B | $379.0M | ||
| Q4 24 | $4.5B | $384.0M | ||
| Q3 24 | $4.0B | $373.5M | ||
| Q2 24 | $3.7B | $376.7M | ||
| Q1 24 | $3.6B | $385.0M |
| 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 | $15.5M |
| Free Cash FlowOCF − Capex | $155.4M | $12.3M |
| FCF MarginFCF / Revenue | 19.5% | 8.2% |
| Capex IntensityCapex / Revenue | 7.8% | 2.1% |
| Cash ConversionOCF / Net Profit | 79.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $15.5M | ||
| Q3 25 | $60.0M | $12.9M | ||
| Q2 25 | $-91.7M | $14.7M | ||
| Q1 25 | $25.8M | $11.1M | ||
| Q4 24 | $250.2M | $20.0M | ||
| Q3 24 | $91.3M | $9.4M | ||
| Q2 24 | $82.8M | $18.7M | ||
| Q1 24 | $-15.9M | $7.3M |
| Q4 25 | $155.4M | $12.3M | ||
| Q3 25 | $33.4M | $7.0M | ||
| Q2 25 | $-114.7M | $9.1M | ||
| Q1 25 | $932.0K | $10.0M | ||
| Q4 24 | $225.4M | $16.4M | ||
| Q3 24 | $64.8M | $2.6M | ||
| Q2 24 | $71.4M | $10.1M | ||
| Q1 24 | $-32.1M | $5.6M |
| Q4 25 | 19.5% | 8.2% | ||
| Q3 25 | 4.7% | 5.5% | ||
| Q2 25 | -17.2% | 6.9% | ||
| Q1 25 | 0.2% | 7.4% | ||
| Q4 24 | 39.3% | 11.2% | ||
| Q3 24 | 11.9% | 2.1% | ||
| Q2 24 | 14.2% | 7.7% | ||
| Q1 24 | -7.0% | 4.1% |
| Q4 25 | 7.8% | 2.1% | ||
| Q3 25 | 3.7% | 4.6% | ||
| Q2 25 | 3.4% | 4.2% | ||
| Q1 25 | 4.1% | 0.8% | ||
| Q4 24 | 4.3% | 2.5% | ||
| Q3 24 | 4.9% | 5.5% | ||
| Q2 24 | 2.2% | 6.6% | ||
| Q1 24 | 3.5% | 1.3% |
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | -2.54× | — | ||
| Q1 25 | 0.29× | 1.43× | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.36× | 1.98× | ||
| Q2 24 | 2.03× | 2.27× | ||
| Q1 24 | -0.12× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
