Net Profit Margin
since 2005
Calculation
Axon Enterprise Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 12.37% | = | 100 | × | 147,139) | ÷ | 1,189,935) |
| Dec 31, 2021 | -6.95% | = | 100 | × | (60,018) | ÷ | 863,381) |
| Dec 31, 2020 | -0.25% | = | 100 | × | (1,724) | ÷ | 681,003) |
| Dec 31, 2019 | 0.17% | = | 100 | × | 882) | ÷ | 530,860) |
| Dec 31, 2018 | 6.95% | = | 100 | × | 29,205) | ÷ | 420,068) |
| Dec 31, 2017 | 1.51% | = | 100 | × | 5,207) | ÷ | 343,798) |
| Dec 31, 2016 | 6.45% | = | 100 | × | 17,297) | ÷ | 268,245) |
| Dec 31, 2015 | 10.07% | = | 100 | × | 19,933) | ÷ | 197,892) |
| Dec 31, 2014 | 12.11% | = | 100 | × | 19,918) | ÷ | 164,525) |
| Dec 31, 2013 | 13.24% | = | 100 | × | 18,244) | ÷ | 137,831) |
| Dec 31, 2012 | 12.84% | = | 100 | × | 14,738) | ÷ | 114,753) |
| Dec 31, 2011 | -7.82% | = | 100 | × | (7,040) | ÷ | 90,028) |
| Dec 31, 2010 | -5.04% | = | 100 | × | (4,384) | ÷ | 86,930) |
| Dec 31, 2009 | 0.00% | = | 100 | × | (1) | ÷ | 104,252) |
| Dec 31, 2008 | 3.92% | = | 100 | × | 3,637) | ÷ | 92,845) |
| Dec 31, 2007 | 14.92% | = | 100 | × | 15,026) | ÷ | 100,727) |
| Dec 31, 2006 | -6.04% | = | 100 | × | (4,088) | ÷ | 67,718) |
| Dec 31, 2005 | 2.23% | = | 100 | × | 1,063) | ÷ | 47,694) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The net profit margin exhibits significant volatility over the analyzed period, transitioning through phases of inconsistency, stability, compression, and an eventual sharp recovery. While net sales grew consistently from 47.69 million USD in 2005 to 1.19 billion USD in 2022, the conversion of these sales into net profit has varied substantially, indicating that revenue growth has not consistently translated into proportional bottom-line earnings.
- Early Volatility (2005–2011)
- The initial period was characterized by erratic profit margins, alternating between losses and profitability. A peak of 14.92% in 2007 was followed by a period of instability, with margins falling to 0.00% in 2009 and reaching a low of -7.82% by 2011.
- Operational Stability (2012–2015)
- A phase of sustained profitability was observed between 2012 and 2015. During this window, net profit margins remained in the double digits for four consecutive years, peaking at 13.24% in 2013 before beginning a gradual decline to 10.07% in 2015.
- Margin Erosion and Expansion (2016–2021)
- A prolonged downward trend in net profit margins emerged starting in 2016. Despite rapid scaling of net sales—which grew from 268.25 million USD in 2015 to 863.38 million USD in 2021—the net profit margin steadily declined, entering negative territory in 2020 and reaching -6.95% in 2021. This divergence suggests a period where operating expenses or strategic investments grew faster than revenue.
- Profitability Recovery (2022)
- A sharp reversal occurred in 2022, with the net profit margin surging to 12.37%. This recovery was driven by a substantial increase in net income to 147.14 million USD, returning the company to the profitability levels observed during the 2012–2014 period while operating at a significantly higher sales volume of 1.19 billion USD.
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Comparison to Competitors
Axon Enterprise Inc., net profit margin, long-term trends, comparison to competitors
| Axon Enterprise Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 12.37% | -7.41% | 11.85% | 11.86% | 0.31% | 14.00% | 8.69% | 7.75% |
| Dec 31, 2021 | -6.95% | -6.75% | 13.47% | 10.92% | -9.17% | 16.11% | 9.42% | 6.00% |
| Dec 31, 2020 | -0.25% | -20.42% | 7.68% | 7.90% | 7.81% | 14.64% | 10.45% | -6.22% |
| Dec 31, 2019 | 0.17% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | 6.95% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | 1.51% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 6.45% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | 10.07% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 12.11% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 13.24% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | 12.84% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | -7.82% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | -5.04% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 0.00% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | 3.92% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 14.92% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | -6.04% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 2.23% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Axon Enterprise Inc., net profit margin, long-term trends, comparison to sector (capital goods)
| Axon Enterprise Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 12.37% | 5.27% |
| Dec 31, 2021 | -6.95% | 3.71% |
| Dec 31, 2020 | -0.25% | 1.85% |
| Dec 31, 2019 | 0.17% | 5.03% |
| Dec 31, 2018 | 6.95% | 2.99% |
| Dec 31, 2017 | 1.51% | 3.41% |
| Dec 31, 2016 | 6.45% | 7.61% |
| Dec 31, 2015 | 10.07% | 4.69% |
| Dec 31, 2014 | 12.11% | 9.51% |
| Dec 31, 2013 | 13.24% | 8.78% |
| Dec 31, 2012 | 12.84% | 8.73% |
| Dec 31, 2011 | -7.82% | 9.04% |
| Dec 31, 2010 | -5.04% | 7.93% |
| Dec 31, 2009 | 0.00% | 6.61% |
| Dec 31, 2008 | 3.92% | 9.45% |
| Dec 31, 2007 | 14.92% | 11.53% |
| Dec 31, 2006 | -6.04% | 10.82% |
| Dec 31, 2005 | 2.23% | 9.72% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Axon Enterprise Inc., net profit margin, long-term trends, comparison to industry (industrials)
| Axon Enterprise Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 12.37% | 5.04% |
| Dec 31, 2021 | -6.95% | 5.85% |
| Dec 31, 2020 | -0.25% | 0.09% |
| Dec 31, 2019 | 0.17% | 4.11% |
| Dec 31, 2018 | 6.95% | 4.75% |
| Dec 31, 2017 | 1.51% | 5.79% |
| Dec 31, 2016 | 6.45% | 7.43% |
| Dec 31, 2015 | 10.07% | 6.48% |
| Dec 31, 2014 | 12.11% | 8.76% |
| Dec 31, 2013 | 13.24% | 8.23% |
| Dec 31, 2012 | 12.84% | 7.39% |
| Dec 31, 2011 | -7.82% | 8.26% |
| Dec 31, 2010 | -5.04% | 7.48% |
| Dec 31, 2009 | 0.00% | 5.76% |
| Dec 31, 2008 | 3.92% | 7.27% |
| Dec 31, 2007 | 14.92% | 9.56% |
| Dec 31, 2006 | -6.04% | 14.87% |
| Dec 31, 2005 | 2.23% | 3.55% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).