Axon Enterprise vs Hexcel
Axon Enterprise is the larger business, with $2.78bn of revenue in fiscal 2025 against $1.89bn for Hexcel (1.5 times as much). Axon Enterprise grew faster (33.5% against -0.5%). Hexcel kept more of each dollar of sales as profit: a net margin of 5.8% against 4.5%. Axon Enterprise carries less debt relative to equity (58.3% against 79.4%).
| Latest fiscal year | Axon EnterpriseAXON, 2025 | HexcelHXL, 2025 |
|---|---|---|
| Revenue | $2.78bn | $1.89bn |
| Revenue growth | 33.5% | -0.5% |
| Net income | $125m | $109m |
| Operating margin | -2.2% | 9.1% |
| Net margin | 4.5% | 5.8% |
| Return on equity | 4.5% | 7.9% |
| Free cash flow | $75.1m | $157m |
| Cash | $1.20bn | $71.0m |
| Total debt | $1.89bn | $993m |
| Debt to equity | 58.3% | 79.4% |
| Dividend per share | — | — |
| Dividend yield | — | 0.9% |
| Share buybacks | — | $454m |
| Employees | — | 5,563 |
| Market value | $33.93bn | $6.32bn |
| Price vs our value range | — | Above our value range |
| Moat score | 35 (Weak) | 59 (Moderate) |
| Insider trades, 12 months | 0 buys, 281 sales | 0 buys, 5 sales |