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Side-by-side financial comparison of Axon Enterprise (AXON) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $490.7M, roughly 1.6× OLYMPIC STEEL INC). OLYMPIC STEEL INC runs the higher net margin — 0.4% vs 0.3%, a 0.1% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs 4.4%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $-12.9M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs 0.1%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
AXON vs ZEUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $490.7M |
| Net Profit | $2.7M | $2.2M |
| Gross Margin | 57.9% | — |
| Operating Margin | -6.3% | 1.5% |
| Net Margin | 0.3% | 0.4% |
| Revenue YoY | 38.9% | 4.4% |
| Net Profit YoY | -98.0% | -21.2% |
| EPS (diluted) | $0.02 | $0.18 |
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 | — | ||
| Q3 25 | $710.6M | $490.7M | ||
| Q2 25 | $668.5M | $496.5M | ||
| Q1 25 | $603.6M | $492.9M | ||
| Q4 24 | $573.4M | $418.8M | ||
| Q3 24 | $544.3M | $470.0M | ||
| Q2 24 | $504.1M | $526.3M | ||
| Q1 24 | $460.7M | $526.6M |
| Q4 25 | $2.7M | — | ||
| Q3 25 | $-2.2M | $2.2M | ||
| Q2 25 | $36.1M | $5.2M | ||
| Q1 25 | $88.0M | $2.5M | ||
| Q4 24 | $136.0M | $3.9M | ||
| Q3 24 | $67.0M | $2.7M | ||
| Q2 24 | $40.8M | $7.7M | ||
| Q1 24 | $133.2M | $8.7M |
| 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% | — |
| Q4 25 | -6.3% | — | ||
| Q3 25 | -0.3% | 1.5% | ||
| Q2 25 | -0.2% | 2.3% | ||
| Q1 25 | -1.5% | 1.6% | ||
| Q4 24 | -2.6% | 2.1% | ||
| Q3 24 | 4.4% | 1.7% | ||
| Q2 24 | 6.5% | 2.9% | ||
| Q1 24 | 3.5% | 3.0% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | -0.3% | 0.4% | ||
| Q2 25 | 5.4% | 1.1% | ||
| Q1 25 | 14.6% | 0.5% | ||
| Q4 24 | 23.7% | 0.9% | ||
| Q3 24 | 12.3% | 0.6% | ||
| Q2 24 | 8.1% | 1.5% | ||
| Q1 24 | 28.9% | 1.7% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $-0.03 | $0.18 | ||
| Q2 25 | $0.44 | $0.45 | ||
| Q1 25 | $1.08 | $0.21 | ||
| Q4 24 | $1.68 | $0.33 | ||
| Q3 24 | $0.86 | $0.23 | ||
| Q2 24 | $0.53 | $0.66 | ||
| Q1 24 | $1.73 | $0.75 |
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 | $7.5M |
| Total DebtLower is stronger | $1.8B | $240.9M |
| Stockholders' EquityBook value | $3.2B | $579.1M |
| Total Assets | $7.0B | $1.1B |
| Debt / EquityLower = less leverage | 0.56× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $2.4B | $7.5M | ||
| Q2 25 | $2.1B | $14.8M | ||
| Q1 25 | $2.2B | $13.3M | ||
| Q4 24 | $788.1M | $11.9M | ||
| Q3 24 | $1.0B | $11.1M | ||
| Q2 24 | $968.9M | $9.4M | ||
| Q1 24 | $964.1M | $10.3M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | $240.9M | ||
| Q2 25 | $2.0B | $233.2M | ||
| Q1 25 | $2.0B | $235.4M | ||
| Q4 24 | $680.3M | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M | ||
| Q1 24 | — | $196.8M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $579.1M | ||
| Q2 25 | $2.7B | $578.2M | ||
| Q1 25 | $2.6B | $574.2M | ||
| Q4 24 | $2.3B | $573.9M | ||
| Q3 24 | $2.1B | $570.6M | ||
| Q2 24 | $1.9B | $569.5M | ||
| Q1 24 | $1.8B | $563.0M |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.7B | $1.1B | ||
| Q2 25 | $6.2B | $1.1B | ||
| Q1 25 | $6.1B | $1.1B | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $3.7B | $1.0B | ||
| Q1 24 | $3.6B | $1.0B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.66× | 0.42× | ||
| Q2 25 | 0.73× | 0.40× | ||
| Q1 25 | 0.79× | 0.41× | ||
| Q4 24 | 0.29× | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $155.4M | $-12.9M |
| FCF MarginFCF / Revenue | 19.5% | -2.6% |
| Capex IntensityCapex / Revenue | 7.8% | 1.5% |
| Cash ConversionOCF / Net Profit | 79.14× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | — | ||
| Q3 25 | $60.0M | $-5.4M | ||
| Q2 25 | $-91.7M | $15.5M | ||
| Q1 25 | $25.8M | $49.4M | ||
| Q4 24 | $250.2M | $14.6M | ||
| Q3 24 | $91.3M | $24.6M | ||
| Q2 24 | $82.8M | $-2.9M | ||
| Q1 24 | $-15.9M | $-2.6M |
| Q4 25 | $155.4M | — | ||
| Q3 25 | $33.4M | $-12.9M | ||
| Q2 25 | $-114.7M | $6.8M | ||
| Q1 25 | $932.0K | $40.6M | ||
| Q4 24 | $225.4M | $7.4M | ||
| Q3 24 | $64.8M | $15.6M | ||
| Q2 24 | $71.4M | $-11.3M | ||
| Q1 24 | $-32.1M | $-7.4M |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 4.7% | -2.6% | ||
| Q2 25 | -17.2% | 1.4% | ||
| Q1 25 | 0.2% | 8.2% | ||
| Q4 24 | 39.3% | 1.8% | ||
| Q3 24 | 11.9% | 3.3% | ||
| Q2 24 | 14.2% | -2.2% | ||
| Q1 24 | -7.0% | -1.4% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.7% | 1.5% | ||
| Q2 25 | 3.4% | 1.7% | ||
| Q1 25 | 4.1% | 1.8% | ||
| Q4 24 | 4.3% | 1.7% | ||
| Q3 24 | 4.9% | 1.9% | ||
| Q2 24 | 2.2% | 1.6% | ||
| Q1 24 | 3.5% | 0.9% |
| Q4 25 | 79.14× | — | ||
| Q3 25 | — | -2.50× | ||
| Q2 25 | -2.54× | 2.96× | ||
| Q1 25 | 0.29× | 19.70× | ||
| Q4 24 | 1.84× | 3.75× | ||
| Q3 24 | 1.36× | 9.01× | ||
| Q2 24 | 2.03× | -0.38× | ||
| Q1 24 | -0.12× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
