Stock Analysis on Net
Stock Analysis on Net

Axon Enterprise Inc. (NASDAQ:AXON)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Axon Enterprise Inc., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Income (loss) from operations1 ÷ Net sales1
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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

Income (loss) from operations
The income from operations exhibits significant volatility over the period analyzed. Initial years demonstrate fluctuating results, transitioning from a positive value of 1.551 million USD in 2005 to negative figures in 2006 and again in 2009 and 2010. Notably, there were pronounced positive peaks in 2007, 2012-2015, and 2017-2018, with the highest operational income reaching above 35 million USD in 2015. However, recent years show considerable instability; a sharp operational loss occurred in 2021 amounting to approximately -168 million USD, followed by a recovery to a positive 93 million USD in 2022. This suggests periods of both strong operational performance and distress, with a marked recovery in the latest year observed.
Net sales
Net sales reveal a steady and substantial growth trend throughout the entire period. Starting from a base of approximately 47.7 million USD in 2005, sales increased almost every year, culminating in 1.19 billion USD by the end of 2022. The growth rate accelerates particularly from 2013 onward, indicating successful expansion or increased market penetration. The overall sales progression implies consistent revenue generation capacity with strong upward momentum.
Operating profit margin
The operating profit margin demonstrates considerable fluctuation reflecting the inconsistencies in operational income relative to sales. Early years show variability, including a peak margin of over 20% in 2007 and again in 2013-2014. However, several years register negative operating margins, notably in 2006, 2009, 2010, 2011, 2019, 2020, and 2021, indicating periods where operating expenses exceeded gross profits. The margin dropped to a low of approximately -19.5% in 2021, reflecting the considerable operational losses reported that year. The margin improved significantly to 7.84% in 2022, mirroring the recovery in operating income. These margin variations suggest fluctuating cost control efficiency, pricing power, or external business challenges impacting profitability despite increasing sales.
Overall insights
The data reflects a company with strong sales growth underpinned by volatile operational earnings and fluctuating profitability margins. While revenue has consistently grown, operational results have experienced both gains and setbacks, with notable operational losses in certain years. The recent large negative operating income in 2021 followed by a rebound in 2022 implies exposure to episodic factors affecting earnings but also capacity for recovery. Attention to operational efficiency and cost management appears critical for sustaining profitability alongside revenue growth.

Comparison to Competitors

Axon Enterprise Inc., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Axon Enterprise Inc. Boeing Co. Caterpillar Inc. Lockheed Martin Corp. RTX Corp.
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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).