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Side-by-side financial comparison of Axon Enterprise (AXON) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $796.7M, roughly 1.5× Axon Enterprise). Axon Enterprise runs the higher net margin — 0.3% vs -24.2%, a 24.6% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 28.7%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $113.6M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 25.1%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
AXON vs SNOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $1.2B |
| Net Profit | $2.7M | $-294.0M |
| Gross Margin | 57.9% | 67.8% |
| Operating Margin | -6.3% | -27.2% |
| Net Margin | 0.3% | -24.2% |
| Revenue YoY | 38.9% | 28.7% |
| Net Profit YoY | -98.0% | 9.4% |
| EPS (diluted) | $0.02 | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $710.6M | $1.1B | ||
| Q2 25 | $668.5M | $1.0B | ||
| Q1 25 | $603.6M | $986.8M | ||
| Q4 24 | $573.4M | $942.1M | ||
| Q3 24 | $544.3M | $868.8M | ||
| Q2 24 | $504.1M | $828.7M | ||
| Q1 24 | $460.7M | $774.7M |
| Q4 25 | $2.7M | $-294.0M | ||
| Q3 25 | $-2.2M | $-298.0M | ||
| Q2 25 | $36.1M | $-430.1M | ||
| Q1 25 | $88.0M | $-327.5M | ||
| Q4 24 | $136.0M | $-324.3M | ||
| Q3 24 | $67.0M | $-316.9M | ||
| Q2 24 | $40.8M | $-317.0M | ||
| Q1 24 | $133.2M | $-169.4M |
| Q4 25 | 57.9% | 67.8% | ||
| Q3 25 | 60.1% | 67.5% | ||
| Q2 25 | 60.4% | 66.5% | ||
| Q1 25 | 60.6% | 66.2% | ||
| Q4 24 | 60.5% | 65.9% | ||
| Q3 24 | 60.8% | 66.8% | ||
| Q2 24 | 60.3% | 67.1% | ||
| Q1 24 | 56.4% | 68.8% |
| Q4 25 | -6.3% | -27.2% | ||
| Q3 25 | -0.3% | -29.7% | ||
| Q2 25 | -0.2% | -42.9% | ||
| Q1 25 | -1.5% | -39.2% | ||
| Q4 24 | -2.6% | -38.8% | ||
| Q3 24 | 4.4% | -40.9% | ||
| Q2 24 | 6.5% | -42.1% | ||
| Q1 24 | 3.5% | -35.6% |
| Q4 25 | 0.3% | -24.2% | ||
| Q3 25 | -0.3% | -26.0% | ||
| Q2 25 | 5.4% | -41.3% | ||
| Q1 25 | 14.6% | -33.2% | ||
| Q4 24 | 23.7% | -34.4% | ||
| Q3 24 | 12.3% | -36.5% | ||
| Q2 24 | 8.1% | -38.3% | ||
| Q1 24 | 28.9% | -21.9% |
| Q4 25 | $0.02 | $-0.87 | ||
| Q3 25 | $-0.03 | $-0.89 | ||
| Q2 25 | $0.44 | $-1.29 | ||
| Q1 25 | $1.08 | $-0.98 | ||
| Q4 24 | $1.68 | $-0.98 | ||
| Q3 24 | $0.86 | $-0.95 | ||
| Q2 24 | $0.53 | $-0.95 | ||
| Q1 24 | $1.73 | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.2B | $2.1B |
| Total Assets | $7.0B | $8.2B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $2.4B | $1.9B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.2B | $2.6B | ||
| Q4 24 | $788.1M | $2.1B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $968.9M | $1.3B | ||
| Q1 24 | $964.1M | $1.8B |
| 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 | $2.1B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $2.7B | $2.4B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $2.1B | $4.1B | ||
| Q2 24 | $1.9B | $4.6B | ||
| Q1 24 | $1.8B | $5.2B |
| Q4 25 | $7.0B | $8.2B | ||
| Q3 25 | $6.7B | $8.2B | ||
| Q2 25 | $6.2B | $8.2B | ||
| Q1 25 | $6.1B | $9.0B | ||
| Q4 24 | $4.5B | $8.2B | ||
| Q3 24 | $4.0B | $6.9B | ||
| Q2 24 | $3.7B | $7.3B | ||
| Q1 24 | $3.6B | $8.2B |
| 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 | $137.5M |
| Free Cash FlowOCF − Capex | $155.4M | $113.6M |
| FCF MarginFCF / Revenue | 19.5% | 9.4% |
| Capex IntensityCapex / Revenue | 7.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 79.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $137.5M | ||
| Q3 25 | $60.0M | $74.9M | ||
| Q2 25 | $-91.7M | $228.4M | ||
| Q1 25 | $25.8M | $432.7M | ||
| Q4 24 | $250.2M | $101.7M | ||
| Q3 24 | $91.3M | $69.9M | ||
| Q2 24 | $82.8M | $355.5M | ||
| Q1 24 | $-15.9M | $344.6M |
| Q4 25 | $155.4M | $113.6M | ||
| Q3 25 | $33.4M | $58.2M | ||
| Q2 25 | $-114.7M | $183.4M | ||
| Q1 25 | $932.0K | $421.4M | ||
| Q4 24 | $225.4M | $88.3M | ||
| Q3 24 | $64.8M | $64.8M | ||
| Q2 24 | $71.4M | $338.9M | ||
| Q1 24 | $-32.1M | $331.5M |
| Q4 25 | 19.5% | 9.4% | ||
| Q3 25 | 4.7% | 5.1% | ||
| Q2 25 | -17.2% | 17.6% | ||
| Q1 25 | 0.2% | 42.7% | ||
| Q4 24 | 39.3% | 9.4% | ||
| Q3 24 | 11.9% | 7.5% | ||
| Q2 24 | 14.2% | 40.9% | ||
| Q1 24 | -7.0% | 42.8% |
| Q4 25 | 7.8% | 2.0% | ||
| Q3 25 | 3.7% | 1.5% | ||
| Q2 25 | 3.4% | 4.3% | ||
| Q1 25 | 4.1% | 1.1% | ||
| Q4 24 | 4.3% | 1.4% | ||
| Q3 24 | 4.9% | 0.6% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 3.5% | 1.7% |
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
