Axon Enterprise vs CAE
CAE is the larger business, with $3.56bn of revenue in fiscal 2026 against $2.78bn for Axon Enterprise (1.3 times as much). Axon Enterprise grew faster (33.5% against 5.0%). CAE kept more of each dollar of sales as profit: a net margin of 6.4% against 4.5%. Axon Enterprise carries less debt relative to equity (58.3% against 61.0%).
| Latest fiscal year | Axon EnterpriseAXON, 2025 | CAECAE, 2026 |
|---|---|---|
| Revenue | $2.78bn | $3.56bn |
| Revenue growth | 33.5% | 5.0% |
| Net income | $125m | $227m |
| Operating margin | -2.2% | 12.5% |
| Net margin | 4.5% | 6.4% |
| Return on equity | 4.5% | 6.3% |
| Free cash flow | $75.1m | $365m |
| Cash | $1.20bn | $396m |
| Total debt | $1.89bn | $2.32bn |
| Debt to equity | 58.3% | 61.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $5.1m |
| Employees | — | — |
| Market value | $33.93bn | $8.62bn |
| Price vs our value range | — | Within our value range |
| Moat score | 35 (Weak) | — |
| Insider trades, 12 months | 0 buys, 281 sales | 0 buys, 0 sales |