Axon Enterprise vs BWX Technologies
BWX Technologies is the larger business, with $3.20bn of revenue in fiscal 2025 against $2.78bn for Axon Enterprise (1.2 times as much). Axon Enterprise grew faster (33.5% against 18.3%). BWX Technologies kept more of each dollar of sales as profit: a net margin of 10.3% against 4.5%. Axon Enterprise carries less debt relative to equity (58.3% against 163.6%).
| Latest fiscal year | Axon EnterpriseAXON, 2025 | BWX TechnologiesBWXT, 2025 |
|---|---|---|
| Revenue | $2.78bn | $3.20bn |
| Revenue growth | 33.5% | 18.3% |
| Net income | $125m | $329m |
| Operating margin | -2.2% | 12.6% |
| Net margin | 4.5% | 10.3% |
| Return on equity | 4.5% | 28.4% |
| Free cash flow | $75.1m | $295m |
| Cash | $1.20bn | $500m |
| Total debt | $1.89bn | $2.02bn |
| Debt to equity | 58.3% | 163.6% |
| Dividend per share | — | $0.96 |
| Dividend yield | — | 0.8% |
| Share buybacks | — | $30.0m |
| Employees | — | — |
| Market value | $33.93bn | $12.20bn |
| Price vs our value range | — | Within our value range |
| Moat score | 35 (Weak) | 71 (Strong) |
| Insider trades, 12 months | 0 buys, 281 sales | 0 buys, 22 sales |