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Side-by-side financial comparison of Axon Enterprise (AXON) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $796.7M, roughly 1.1× Axon Enterprise). RH runs the higher net margin — 4.1% vs 0.3%, a 3.8% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 8.9%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $83.0M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 9.4%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
AXON vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $883.8M |
| Net Profit | $2.7M | $36.3M |
| Gross Margin | 57.9% | 44.1% |
| Operating Margin | -6.3% | 12.0% |
| Net Margin | 0.3% | 4.1% |
| Revenue YoY | 38.9% | 8.9% |
| Net Profit YoY | -98.0% | 9.3% |
| EPS (diluted) | $0.02 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $710.6M | $899.2M | ||
| Q2 25 | $668.5M | $814.0M | ||
| Q1 25 | $603.6M | $812.4M | ||
| Q4 24 | $573.4M | $811.7M | ||
| Q3 24 | $544.3M | $829.7M | ||
| Q2 24 | $504.1M | $727.0M | ||
| Q1 24 | $460.7M | $738.3M |
| Q4 25 | $2.7M | $36.3M | ||
| Q3 25 | $-2.2M | $51.7M | ||
| Q2 25 | $36.1M | $8.0M | ||
| Q1 25 | $88.0M | $13.9M | ||
| Q4 24 | $136.0M | $33.2M | ||
| Q3 24 | $67.0M | $29.0M | ||
| Q2 24 | $40.8M | $-3.6M | ||
| Q1 24 | $133.2M | $11.4M |
| Q4 25 | 57.9% | 44.1% | ||
| Q3 25 | 60.1% | 45.5% | ||
| Q2 25 | 60.4% | 43.7% | ||
| Q1 25 | 60.6% | 44.7% | ||
| Q4 24 | 60.5% | 44.5% | ||
| Q3 24 | 60.8% | 45.2% | ||
| Q2 24 | 60.3% | 43.5% | ||
| Q1 24 | 56.4% | 43.5% |
| Q4 25 | -6.3% | 12.0% | ||
| Q3 25 | -0.3% | 14.3% | ||
| Q2 25 | -0.2% | 6.9% | ||
| Q1 25 | -1.5% | 8.7% | ||
| Q4 24 | -2.6% | 12.5% | ||
| Q3 24 | 4.4% | 11.6% | ||
| Q2 24 | 6.5% | 7.5% | ||
| Q1 24 | 3.5% | 8.7% |
| Q4 25 | 0.3% | 4.1% | ||
| Q3 25 | -0.3% | 5.8% | ||
| Q2 25 | 5.4% | 1.0% | ||
| Q1 25 | 14.6% | 1.7% | ||
| Q4 24 | 23.7% | 4.1% | ||
| Q3 24 | 12.3% | 3.5% | ||
| Q2 24 | 8.1% | -0.5% | ||
| Q1 24 | 28.9% | 1.5% |
| Q4 25 | $0.02 | $1.83 | ||
| Q3 25 | $-0.03 | $2.62 | ||
| Q2 25 | $0.44 | $0.40 | ||
| Q1 25 | $1.08 | $0.71 | ||
| Q4 24 | $1.68 | $1.66 | ||
| Q3 24 | $0.86 | $1.45 | ||
| Q2 24 | $0.53 | $-0.20 | ||
| Q1 24 | $1.73 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.2B | $3.3M |
| Total Assets | $7.0B | $4.8B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $43.1M | ||
| Q3 25 | $2.4B | $34.6M | ||
| Q2 25 | $2.1B | $46.1M | ||
| Q1 25 | $2.2B | $30.4M | ||
| Q4 24 | $788.1M | $87.0M | ||
| Q3 24 | $1.0B | $78.3M | ||
| Q2 24 | $968.9M | $101.8M | ||
| Q1 24 | $964.1M | $123.7M |
| 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 | $3.3M | ||
| Q3 25 | $3.0B | $-40.9M | ||
| Q2 25 | $2.7B | $-110.8M | ||
| Q1 25 | $2.6B | $-163.6M | ||
| Q4 24 | $2.3B | $-183.0M | ||
| Q3 24 | $2.1B | $-234.7M | ||
| Q2 24 | $1.9B | $-289.9M | ||
| Q1 24 | $1.8B | $-297.4M |
| Q4 25 | $7.0B | $4.8B | ||
| Q3 25 | $6.7B | $4.7B | ||
| Q2 25 | $6.2B | $4.7B | ||
| Q1 25 | $6.1B | $4.6B | ||
| Q4 24 | $4.5B | $4.5B | ||
| Q3 24 | $4.0B | $4.4B | ||
| Q2 24 | $3.7B | $4.2B | ||
| Q1 24 | $3.6B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | $155.4M | $83.0M |
| FCF MarginFCF / Revenue | 19.5% | 9.4% |
| Capex IntensityCapex / Revenue | 7.8% | 5.5% |
| Cash ConversionOCF / Net Profit | 79.14× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $131.9M | ||
| Q3 25 | $60.0M | $137.7M | ||
| Q2 25 | $-91.7M | $86.6M | ||
| Q1 25 | $25.8M | $-18.8M | ||
| Q4 24 | $250.2M | $-31.4M | ||
| Q3 24 | $91.3M | $11.2M | ||
| Q2 24 | $82.8M | $56.1M | ||
| Q1 24 | $-15.9M | $-114.0M |
| Q4 25 | $155.4M | $83.0M | ||
| Q3 25 | $33.4M | $80.7M | ||
| Q2 25 | $-114.7M | $34.1M | ||
| Q1 25 | $932.0K | $-69.7M | ||
| Q4 24 | $225.4M | $-96.0M | ||
| Q3 24 | $64.8M | $-37.9M | ||
| Q2 24 | $71.4M | $-10.1M | ||
| Q1 24 | $-32.1M | $-251.5M |
| Q4 25 | 19.5% | 9.4% | ||
| Q3 25 | 4.7% | 9.0% | ||
| Q2 25 | -17.2% | 4.2% | ||
| Q1 25 | 0.2% | -8.6% | ||
| Q4 24 | 39.3% | -11.8% | ||
| Q3 24 | 11.9% | -4.6% | ||
| Q2 24 | 14.2% | -1.4% | ||
| Q1 24 | -7.0% | -34.1% |
| Q4 25 | 7.8% | 5.5% | ||
| Q3 25 | 3.7% | 6.3% | ||
| Q2 25 | 3.4% | 6.5% | ||
| Q1 25 | 4.1% | 6.3% | ||
| Q4 24 | 4.3% | 8.0% | ||
| Q3 24 | 4.9% | 5.9% | ||
| Q2 24 | 2.2% | 9.1% | ||
| Q1 24 | 3.5% | 18.6% |
| Q4 25 | 79.14× | 3.64× | ||
| Q3 25 | — | 2.66× | ||
| Q2 25 | -2.54× | 10.78× | ||
| Q1 25 | 0.29× | -1.35× | ||
| Q4 24 | 1.84× | -0.95× | ||
| Q3 24 | 1.36× | 0.39× | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | -0.12× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
