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Side-by-side financial comparison of Axon Enterprise (AXON) and UNISYS CORP (UIS). Click either name above to swap in a different company.

Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $574.5M, roughly 1.4× UNISYS CORP). UNISYS CORP runs the higher net margin — 3.3% vs 0.3%, a 2.9% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 5.3%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $97.3M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 8.5%).

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

Unisys Corporation is a technology company founded in 1986 and headquartered in Blue Bell, Pennsylvania. The company provides cloud, AI, digital workplace, logistics, and enterprise computing services.

AXON vs UIS — Head-to-Head

Bigger by revenue
AXON
AXON
1.4× larger
AXON
$796.7M
$574.5M
UIS
Growing faster (revenue YoY)
AXON
AXON
+33.6% gap
AXON
38.9%
5.3%
UIS
Higher net margin
UIS
UIS
2.9% more per $
UIS
3.3%
0.3%
AXON
More free cash flow
AXON
AXON
$58.1M more FCF
AXON
$155.4M
$97.3M
UIS
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
31.5%
8.5%
UIS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXON
AXON
UIS
UIS
Revenue
$796.7M
$574.5M
Net Profit
$2.7M
$18.7M
Gross Margin
57.9%
33.9%
Operating Margin
-6.3%
13.3%
Net Margin
0.3%
3.3%
Revenue YoY
38.9%
5.3%
Net Profit YoY
-98.0%
-37.7%
EPS (diluted)
$0.02
$0.24

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
UIS
UIS
Q4 25
$796.7M
$574.5M
Q3 25
$710.6M
$460.2M
Q2 25
$668.5M
$483.3M
Q1 25
$603.6M
$432.1M
Q4 24
$573.4M
$545.4M
Q3 24
$544.3M
$497.0M
Q2 24
$504.1M
$478.2M
Q1 24
$460.7M
$487.8M
Net Profit
AXON
AXON
UIS
UIS
Q4 25
$2.7M
$18.7M
Q3 25
$-2.2M
$-308.9M
Q2 25
$36.1M
$-20.1M
Q1 25
$88.0M
$-29.5M
Q4 24
$136.0M
$30.0M
Q3 24
$67.0M
$-61.9M
Q2 24
$40.8M
$-12.0M
Q1 24
$133.2M
$-149.5M
Gross Margin
AXON
AXON
UIS
UIS
Q4 25
57.9%
33.9%
Q3 25
60.1%
25.5%
Q2 25
60.4%
26.9%
Q1 25
60.6%
24.9%
Q4 24
60.5%
32.1%
Q3 24
60.8%
29.2%
Q2 24
60.3%
27.2%
Q1 24
56.4%
27.9%
Operating Margin
AXON
AXON
UIS
UIS
Q4 25
-6.3%
13.3%
Q3 25
-0.3%
-7.3%
Q2 25
-0.2%
6.3%
Q1 25
-1.5%
1.2%
Q4 24
-2.6%
8.9%
Q3 24
4.4%
1.5%
Q2 24
6.5%
4.9%
Q1 24
3.5%
3.6%
Net Margin
AXON
AXON
UIS
UIS
Q4 25
0.3%
3.3%
Q3 25
-0.3%
-67.1%
Q2 25
5.4%
-4.2%
Q1 25
14.6%
-6.8%
Q4 24
23.7%
5.5%
Q3 24
12.3%
-12.5%
Q2 24
8.1%
-2.5%
Q1 24
28.9%
-30.6%
EPS (diluted)
AXON
AXON
UIS
UIS
Q4 25
$0.02
$0.24
Q3 25
$-0.03
$-4.33
Q2 25
$0.44
$-0.28
Q1 25
$1.08
$-0.42
Q4 24
$1.68
$0.45
Q3 24
$0.86
$-0.89
Q2 24
$0.53
$-0.17
Q1 24
$1.73
$-2.18

Balance Sheet & Financial Strength

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

Metric
AXON
AXON
UIS
UIS
Cash + ST InvestmentsLiquidity on hand
$1.7B
$413.9M
Total DebtLower is stronger
$1.8B
$729.0M
Stockholders' EquityBook value
$3.2B
$-282.6M
Total Assets
$7.0B
$1.8B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
UIS
UIS
Q4 25
$1.7B
$413.9M
Q3 25
$2.4B
$321.9M
Q2 25
$2.1B
$300.8M
Q1 25
$2.2B
$393.1M
Q4 24
$788.1M
$376.5M
Q3 24
$1.0B
$373.7M
Q2 24
$968.9M
$344.9M
Q1 24
$964.1M
$382.8M
Total Debt
AXON
AXON
UIS
UIS
Q4 25
$1.8B
$729.0M
Q3 25
$2.0B
$723.2M
Q2 25
$2.0B
$692.7M
Q1 25
$2.0B
$488.3M
Q4 24
$680.3M
$488.2M
Q3 24
$488.5M
Q2 24
$489.2M
Q1 24
$488.4M
Stockholders' Equity
AXON
AXON
UIS
UIS
Q4 25
$3.2B
$-282.6M
Q3 25
$3.0B
$-300.2M
Q2 25
$2.7B
$-221.5M
Q1 25
$2.6B
$-267.8M
Q4 24
$2.3B
$-283.4M
Q3 24
$2.1B
$-202.2M
Q2 24
$1.9B
$-174.1M
Q1 24
$1.8B
$-158.6M
Total Assets
AXON
AXON
UIS
UIS
Q4 25
$7.0B
$1.8B
Q3 25
$6.7B
$1.7B
Q2 25
$6.2B
$1.8B
Q1 25
$6.1B
$1.8B
Q4 24
$4.5B
$1.9B
Q3 24
$4.0B
$1.9B
Q2 24
$3.7B
$1.9B
Q1 24
$3.6B
$1.9B
Debt / Equity
AXON
AXON
UIS
UIS
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
AXON
AXON
UIS
UIS
Operating Cash FlowLast quarter
$217.2M
$104.9M
Free Cash FlowOCF − Capex
$155.4M
$97.3M
FCF MarginFCF / Revenue
19.5%
16.9%
Capex IntensityCapex / Revenue
7.8%
1.3%
Cash ConversionOCF / Net Profit
79.14×
5.61×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$-170.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXON
AXON
UIS
UIS
Q4 25
$217.2M
$104.9M
Q3 25
$60.0M
$38.0M
Q2 25
$-91.7M
$-316.2M
Q1 25
$25.8M
$33.3M
Q4 24
$250.2M
$76.6M
Q3 24
$91.3M
$32.0M
Q2 24
$82.8M
$2.7M
Q1 24
$-15.9M
$23.8M
Free Cash Flow
AXON
AXON
UIS
UIS
Q4 25
$155.4M
$97.3M
Q3 25
$33.4M
$32.4M
Q2 25
$-114.7M
$-324.1M
Q1 25
$932.0K
$24.4M
Q4 24
$225.4M
$66.5M
Q3 24
$64.8M
$25.2M
Q2 24
$71.4M
$-6.0M
Q1 24
$-32.1M
$17.1M
FCF Margin
AXON
AXON
UIS
UIS
Q4 25
19.5%
16.9%
Q3 25
4.7%
7.0%
Q2 25
-17.2%
-67.1%
Q1 25
0.2%
5.6%
Q4 24
39.3%
12.2%
Q3 24
11.9%
5.1%
Q2 24
14.2%
-1.3%
Q1 24
-7.0%
3.5%
Capex Intensity
AXON
AXON
UIS
UIS
Q4 25
7.8%
1.3%
Q3 25
3.7%
1.2%
Q2 25
3.4%
1.6%
Q1 25
4.1%
2.1%
Q4 24
4.3%
1.9%
Q3 24
4.9%
1.4%
Q2 24
2.2%
1.8%
Q1 24
3.5%
1.4%
Cash Conversion
AXON
AXON
UIS
UIS
Q4 25
79.14×
5.61×
Q3 25
Q2 25
-2.54×
Q1 25
0.29×
Q4 24
1.84×
2.55×
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
AXON

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

UIS
UIS

Segment breakdown not available.

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