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Side-by-side financial comparison of Axon Enterprise (AXON) and SunCoke Energy, Inc. (SXC). Click either name above to swap in a different company.

Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $480.2M, roughly 1.7× SunCoke Energy, Inc.). Axon Enterprise runs the higher net margin — 0.3% vs -17.8%, a 18.2% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -1.2%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $32.8M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs -0.8%).

Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.

Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...

AXON vs SXC — Head-to-Head

Bigger by revenue
AXON
AXON
1.7× larger
AXON
$796.7M
$480.2M
SXC
Growing faster (revenue YoY)
AXON
AXON
+40.1% gap
AXON
38.9%
-1.2%
SXC
Higher net margin
AXON
AXON
18.2% more per $
AXON
0.3%
-17.8%
SXC
More free cash flow
AXON
AXON
$122.6M more FCF
AXON
$155.4M
$32.8M
SXC
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
31.5%
-0.8%
SXC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXON
AXON
SXC
SXC
Revenue
$796.7M
$480.2M
Net Profit
$2.7M
$-85.6M
Gross Margin
57.9%
Operating Margin
-6.3%
-20.4%
Net Margin
0.3%
-17.8%
Revenue YoY
38.9%
-1.2%
Net Profit YoY
-98.0%
-461.2%
EPS (diluted)
$0.02
$-1.00

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.

Revenue
AXON
AXON
SXC
SXC
Q4 25
$796.7M
$480.2M
Q3 25
$710.6M
$487.0M
Q2 25
$668.5M
$434.1M
Q1 25
$603.6M
$436.0M
Q4 24
$573.4M
$486.0M
Q3 24
$544.3M
$490.1M
Q2 24
$504.1M
$470.9M
Q1 24
$460.7M
$488.4M
Net Profit
AXON
AXON
SXC
SXC
Q4 25
$2.7M
$-85.6M
Q3 25
$-2.2M
$22.2M
Q2 25
$36.1M
$1.9M
Q1 25
$88.0M
$17.3M
Q4 24
$136.0M
$23.7M
Q3 24
$67.0M
$30.7M
Q2 24
$40.8M
$21.5M
Q1 24
$133.2M
$20.0M
Gross Margin
AXON
AXON
SXC
SXC
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%
Operating Margin
AXON
AXON
SXC
SXC
Q4 25
-6.3%
-20.4%
Q3 25
-0.3%
2.8%
Q2 25
-0.2%
2.3%
Q1 25
-1.5%
6.9%
Q4 24
-2.6%
7.3%
Q3 24
4.4%
9.6%
Q2 24
6.5%
7.4%
Q1 24
3.5%
7.1%
Net Margin
AXON
AXON
SXC
SXC
Q4 25
0.3%
-17.8%
Q3 25
-0.3%
4.6%
Q2 25
5.4%
0.4%
Q1 25
14.6%
4.0%
Q4 24
23.7%
4.9%
Q3 24
12.3%
6.3%
Q2 24
8.1%
4.6%
Q1 24
28.9%
4.1%
EPS (diluted)
AXON
AXON
SXC
SXC
Q4 25
$0.02
$-1.00
Q3 25
$-0.03
$0.26
Q2 25
$0.44
$0.02
Q1 25
$1.08
$0.20
Q4 24
$1.68
$0.28
Q3 24
$0.86
$0.36
Q2 24
$0.53
$0.25
Q1 24
$1.73
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXON
AXON
SXC
SXC
Cash + ST InvestmentsLiquidity on hand
$1.7B
$88.7M
Total DebtLower is stronger
$1.8B
$685.5M
Stockholders' EquityBook value
$3.2B
$597.3M
Total Assets
$7.0B
$1.8B
Debt / EquityLower = less leverage
0.56×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
SXC
SXC
Q4 25
$1.7B
$88.7M
Q3 25
$2.4B
$80.4M
Q2 25
$2.1B
$186.2M
Q1 25
$2.2B
$193.7M
Q4 24
$788.1M
$189.6M
Q3 24
$1.0B
$164.7M
Q2 24
$968.9M
$81.9M
Q1 24
$964.1M
$120.1M
Total Debt
AXON
AXON
SXC
SXC
Q4 25
$1.8B
$685.5M
Q3 25
$2.0B
$691.1M
Q2 25
$2.0B
$493.4M
Q1 25
$2.0B
$492.9M
Q4 24
$680.3M
$492.3M
Q3 24
$491.8M
Q2 24
$491.3M
Q1 24
$490.8M
Stockholders' Equity
AXON
AXON
SXC
SXC
Q4 25
$3.2B
$597.3M
Q3 25
$3.0B
$695.9M
Q2 25
$2.7B
$677.7M
Q1 25
$2.6B
$684.6M
Q4 24
$2.3B
$680.2M
Q3 24
$2.1B
$658.6M
Q2 24
$1.9B
$636.9M
Q1 24
$1.8B
$623.0M
Total Assets
AXON
AXON
SXC
SXC
Q4 25
$7.0B
$1.8B
Q3 25
$6.7B
$1.9B
Q2 25
$6.2B
$1.6B
Q1 25
$6.1B
$1.7B
Q4 24
$4.5B
$1.7B
Q3 24
$4.0B
$1.7B
Q2 24
$3.7B
$1.7B
Q1 24
$3.6B
$1.7B
Debt / Equity
AXON
AXON
SXC
SXC
Q4 25
0.56×
1.15×
Q3 25
0.66×
0.99×
Q2 25
0.73×
0.73×
Q1 25
0.79×
0.72×
Q4 24
0.29×
0.72×
Q3 24
0.75×
Q2 24
0.77×
Q1 24
0.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXON
AXON
SXC
SXC
Operating Cash FlowLast quarter
$217.2M
$56.6M
Free Cash FlowOCF − Capex
$155.4M
$32.8M
FCF MarginFCF / Revenue
19.5%
6.8%
Capex IntensityCapex / Revenue
7.8%
5.0%
Cash ConversionOCF / Net Profit
79.14×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXON
AXON
SXC
SXC
Q4 25
$217.2M
$56.6M
Q3 25
$60.0M
$9.2M
Q2 25
$-91.7M
$17.5M
Q1 25
$25.8M
$25.8M
Q4 24
$250.2M
$60.9M
Q3 24
$91.3M
$107.2M
Q2 24
$82.8M
$-9.3M
Q1 24
$-15.9M
$10.0M
Free Cash Flow
AXON
AXON
SXC
SXC
Q4 25
$155.4M
$32.8M
Q3 25
$33.4M
$-16.3M
Q2 25
$-114.7M
$4.9M
Q1 25
$932.0K
$20.9M
Q4 24
$225.4M
$36.1M
Q3 24
$64.8M
$92.1M
Q2 24
$71.4M
$-26.8M
Q1 24
$-32.1M
$-5.5M
FCF Margin
AXON
AXON
SXC
SXC
Q4 25
19.5%
6.8%
Q3 25
4.7%
-3.3%
Q2 25
-17.2%
1.1%
Q1 25
0.2%
4.8%
Q4 24
39.3%
7.4%
Q3 24
11.9%
18.8%
Q2 24
14.2%
-5.7%
Q1 24
-7.0%
-1.1%
Capex Intensity
AXON
AXON
SXC
SXC
Q4 25
7.8%
5.0%
Q3 25
3.7%
5.2%
Q2 25
3.4%
2.9%
Q1 25
4.1%
1.1%
Q4 24
4.3%
5.1%
Q3 24
4.9%
3.1%
Q2 24
2.2%
3.7%
Q1 24
3.5%
3.2%
Cash Conversion
AXON
AXON
SXC
SXC
Q4 25
79.14×
Q3 25
0.41×
Q2 25
-2.54×
9.21×
Q1 25
0.29×
1.49×
Q4 24
1.84×
2.57×
Q3 24
1.36×
3.49×
Q2 24
2.03×
-0.43×
Q1 24
-0.12×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXON
AXON

Software And Sensors Segment$342.5M43%
TASER Devices Professional$264.2M33%
Personal Sensors$109.1M14%
Platform Solutions$80.9M10%

SXC
SXC

Segment breakdown not available.

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