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Side-by-side financial comparison of Axon Enterprise (AXON) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
Axon Enterprise runs the higher net margin — 0.3% vs -58.4%, a 58.7% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -111.6%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $36.8M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (NaN% CAGR vs NaN%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
AXON vs TRS — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $-140.0M |
| Net Profit | $2.7M | $81.7M |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | — |
| Net Margin | 0.3% | -58.4% |
| Revenue YoY | 38.9% | -111.6% |
| Net Profit YoY | -98.0% | 1348.6% |
| EPS (diluted) | $0.02 | $2.01 |
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 | $-140.0M | ||
| Q3 25 | $710.6M | $269.3M | ||
| Q2 25 | $668.5M | $274.8M | ||
| Q1 25 | $603.6M | $241.7M | ||
| Q4 24 | $573.4M | $-66.2M | ||
| Q3 24 | $544.3M | $229.4M | ||
| Q2 24 | $504.1M | $240.5M | ||
| Q1 24 | $460.7M | $227.1M |
| Q4 25 | $2.7M | $81.7M | ||
| Q3 25 | $-2.2M | $9.3M | ||
| Q2 25 | $36.1M | $16.7M | ||
| Q1 25 | $88.0M | $12.4M | ||
| Q4 24 | $136.0M | $5.6M | ||
| Q3 24 | $67.0M | $2.5M | ||
| Q2 24 | $40.8M | $10.9M | ||
| Q1 24 | $133.2M | $5.1M |
| Q4 25 | 57.9% | — | ||
| Q3 25 | 60.1% | 12.8% | ||
| Q2 25 | 60.4% | 13.8% | ||
| Q1 25 | 60.6% | 13.6% | ||
| Q4 24 | 60.5% | — | ||
| Q3 24 | 60.8% | 15.4% | ||
| Q2 24 | 60.3% | 14.4% | ||
| Q1 24 | 56.4% | 16.4% |
| Q4 25 | -6.3% | — | ||
| Q3 25 | -0.3% | 6.2% | ||
| Q2 25 | -0.2% | 9.9% | ||
| Q1 25 | -1.5% | 9.0% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 4.4% | 3.6% | ||
| Q2 24 | 6.5% | 7.4% | ||
| Q1 24 | 3.5% | 5.5% |
| Q4 25 | 0.3% | -58.4% | ||
| Q3 25 | -0.3% | 3.5% | ||
| Q2 25 | 5.4% | 6.1% | ||
| Q1 25 | 14.6% | 5.1% | ||
| Q4 24 | 23.7% | -8.5% | ||
| Q3 24 | 12.3% | 1.1% | ||
| Q2 24 | 8.1% | 4.5% | ||
| Q1 24 | 28.9% | 2.3% |
| Q4 25 | $0.02 | $2.01 | ||
| Q3 25 | $-0.03 | $0.23 | ||
| Q2 25 | $0.44 | $0.41 | ||
| Q1 25 | $1.08 | $0.30 | ||
| Q4 24 | $1.68 | $0.14 | ||
| Q3 24 | $0.86 | $0.06 | ||
| Q2 24 | $0.53 | $0.27 | ||
| Q1 24 | $1.73 | $0.13 |
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 | $30.0M |
| Total DebtLower is stronger | $1.8B | $469.2M |
| Stockholders' EquityBook value | $3.2B | $705.6M |
| Total Assets | $7.0B | $1.5B |
| Debt / EquityLower = less leverage | 0.56× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $30.0M | ||
| Q3 25 | $2.4B | $33.6M | ||
| Q2 25 | $2.1B | $30.3M | ||
| Q1 25 | $2.2B | $32.7M | ||
| Q4 24 | $788.1M | $23.1M | ||
| Q3 24 | $1.0B | $26.9M | ||
| Q2 24 | $968.9M | $35.0M | ||
| Q1 24 | $964.1M | $30.5M |
| Q4 25 | $1.8B | $469.2M | ||
| Q3 25 | $2.0B | $407.1M | ||
| Q2 25 | $2.0B | $424.5M | ||
| Q1 25 | $2.0B | $434.2M | ||
| Q4 24 | $680.3M | $398.1M | ||
| Q3 24 | — | $409.9M | ||
| Q2 24 | — | $427.4M | ||
| Q1 24 | — | $424.9M |
| Q4 25 | $3.2B | $705.6M | ||
| Q3 25 | $3.0B | $725.0M | ||
| Q2 25 | $2.7B | $715.3M | ||
| Q1 25 | $2.6B | $686.6M | ||
| Q4 24 | $2.3B | $667.3M | ||
| Q3 24 | $2.1B | $682.8M | ||
| Q2 24 | $1.9B | $675.9M | ||
| Q1 24 | $1.8B | $673.2M |
| Q4 25 | $7.0B | $1.5B | ||
| Q3 25 | $6.7B | $1.4B | ||
| Q2 25 | $6.2B | $1.4B | ||
| Q1 25 | $6.1B | $1.4B | ||
| Q4 24 | $4.5B | $1.3B | ||
| Q3 24 | $4.0B | $1.4B | ||
| Q2 24 | $3.7B | $1.4B | ||
| Q1 24 | $3.6B | $1.4B |
| Q4 25 | 0.56× | 0.66× | ||
| Q3 25 | 0.66× | 0.56× | ||
| Q2 25 | 0.73× | 0.59× | ||
| Q1 25 | 0.79× | 0.63× | ||
| Q4 24 | 0.29× | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.63× |
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 | $41.5M |
| Free Cash FlowOCF − Capex | $155.4M | $36.8M |
| FCF MarginFCF / Revenue | 19.5% | -26.3% |
| Capex IntensityCapex / Revenue | 7.8% | -3.4% |
| Cash ConversionOCF / Net Profit | 79.14× | 0.51× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $69.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $41.5M | ||
| Q3 25 | $60.0M | $36.5M | ||
| Q2 25 | $-91.7M | $30.3M | ||
| Q1 25 | $25.8M | $9.2M | ||
| Q4 24 | $250.2M | $27.1M | ||
| Q3 24 | $91.3M | $22.0M | ||
| Q2 24 | $82.8M | $18.4M | ||
| Q1 24 | $-15.9M | $-3.7M |
| Q4 25 | $155.4M | $36.8M | ||
| Q3 25 | $33.4M | $22.8M | ||
| Q2 25 | $-114.7M | $13.2M | ||
| Q1 25 | $932.0K | $-3.8M | ||
| Q4 24 | $225.4M | $12.1M | ||
| Q3 24 | $64.8M | $10.2M | ||
| Q2 24 | $71.4M | $7.5M | ||
| Q1 24 | $-32.1M | $-16.9M |
| Q4 25 | 19.5% | -26.3% | ||
| Q3 25 | 4.7% | 8.5% | ||
| Q2 25 | -17.2% | 4.8% | ||
| Q1 25 | 0.2% | -1.6% | ||
| Q4 24 | 39.3% | -18.3% | ||
| Q3 24 | 11.9% | 4.4% | ||
| Q2 24 | 14.2% | 3.1% | ||
| Q1 24 | -7.0% | -7.5% |
| Q4 25 | 7.8% | -3.4% | ||
| Q3 25 | 3.7% | 5.1% | ||
| Q2 25 | 3.4% | 6.2% | ||
| Q1 25 | 4.1% | 5.4% | ||
| Q4 24 | 4.3% | -22.6% | ||
| Q3 24 | 4.9% | 5.2% | ||
| Q2 24 | 2.2% | 4.5% | ||
| Q1 24 | 3.5% | 5.8% |
| Q4 25 | 79.14× | 0.51× | ||
| Q3 25 | — | 3.92× | ||
| Q2 25 | -2.54× | 1.81× | ||
| Q1 25 | 0.29× | 0.74× | ||
| Q4 24 | 1.84× | 4.80× | ||
| Q3 24 | 1.36× | 8.71× | ||
| Q2 24 | 2.03× | 1.68× | ||
| Q1 24 | -0.12× | -0.72× |
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% |
TRS
Segment breakdown not available.
