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Held by 1,003 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $453.50 today, the market must believe free cash flow compounds 40.6%/yr for a decade (off $178M normalized FCF).
The market's 40.6% is more optimistic than its 9-yr track record.
2-stage DCF · 0.08B shares · net debt $610M
mean 65.0% · volatility σ 225% · implied rate exceeded in 3/8 yrs
Central path = implied 40.6%/yr growth; shaded band = ±1σ (225%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.78B 100.0% | $2.08B 100.0% | $1.56B 100.0% | $1.19B 100.0% | $865.6M 100.0% | $681.0M 100.0% | $530.9M 100.0% | $420.1M 100.0% | $343.8M 100.0% | $268.2M 100.0% |
| Cost of Revenue | $1.12B 40.3% | $841.1M 40.4% | $605.2M 38.8% | $461.0M 38.8% | $319.9M 37.0% | $264.7M 38.9% | $223.6M 42.1% | $161.5M 38.4% | $136.7M 39.8% | $97.7M 36.4% |
| Cost of Products | — | — | — | — | — | — | — | — | $118.0M 34.3% | $91.5M 34.1% |
| Cost of Services | — | — | — | — | — | — | — | — | $18.7M 5.4% | $6.2M 2.3% |
| Gross Profit | $1.66B 59.7% | $1.24B 59.6% | $955.5M 61.2% | $726.1M 61.2% | $545.7M 63.0% | $416.3M 61.1% | $307.3M 57.9% | $258.6M 61.6% | $207.1M 60.2% | $170.5M 63.6% |
| Research & Development | $684.3M 24.6% | $441.6M 21.2% | $303.7M 19.5% | $233.8M 19.7% | $194.0M 22.4% | $123.2M 18.1% | $100.7M 19.0% | $76.9M 18.3% | $55.4M 16.1% | $30.6M 11.4% |
| Selling, General & Admin | $1.04B 37.3% | $741.2M 35.6% | $494.9M 31.7% | $399.3M 33.6% | $514.8M 59.5% | $307.3M 45.1% | $213.0M 40.1% | $156.9M 37.3% | $138.7M 40.3% | $108.1M 40.3% |
| Total Operating Expenses | $1.72B 61.9% | $1.18B 56.8% | $798.6M 51.2% | $633.1M 53.3% | $708.9M 81.9% | $430.5M 63.2% | $313.7M 59.1% | $233.7M 55.6% | $194.1M 56.4% | $138.7M 51.7% |
| Operating Income | -$62.1M -2.2% | $58.5M 2.8% | $156.8M 10.0% | $93.0M 7.8% | -$163.1M -18.8% | -$14.2M -2.1% | -$6.4M -1.2% | $24.8M 5.9% | $13.0M 3.8% | $31.9M 11.9% |
| Interest Expense | $94.2M 3.4% | $7.1M 0.3% | $7.0M 0.4% | — | — | — | — | — | — | — |
| Interest & Investment Income | $75.4M 2.7% | $43.7M 2.1% | $49.1M 3.1% | — | — | — | — | — | — | — |
| Other Income (Expense), net | $99.9M 3.6% | $286.4M 13.8% | -$41.9M -2.7% | $99.0M 8.3% | $25.3M 2.9% | — | — | — | — | — |
| Pretax Income | $19.0M 0.7% | $381.5M 18.3% | $157.1M 10.1% | $196.2M 16.5% | -$136.4M -15.8% | -$6.3M -0.9% | $2.1M 0.4% | $28.1M 6.7% | $15.8M 4.6% | $31.5M 11.7% |
| Income Tax Expense | -$105.7M -3.8% | $4.5M 0.2% | -$18.7M -1.2% | $49.3M 4.2% | -$80.1M -9.2% | -$4.6M -0.7% | $1.2M 0.2% | -$1.1M -0.3% | $10.6M 3.1% | $14.2M 5.3% |
| Net Income | $124.7M 4.5% | $377.0M 18.1% | $175.8M 11.3% | $146.9M 12.4% | -$56.3M -6.5% | -$1.7M -0.3% | $882K 0.2% | $29.2M 7.0% | $5.2M 1.5% | $17.3M 6.4% |
| Per Share | ||||||||||
| EPS (Basic) | $1.60 | $4.98 | $2.37 | $2.07 | $-0.85 | $-0.03 | $0.01 | $0.52 | $0.10 | $0.33 |
| EPS (Diluted) | $1.51 | $4.80 | $2.33 | $2.03 | $-0.91 | $-0.03 | $0.01 | $0.50 | $0.10 | $0.32 |
| Weighted Avg Shares (Basic) | 78.1M | 75.7M | 74.2M | 71.1M | 66.2M | 61.8M | 59.2M | 56.4M | 52.7M | 52.7M |
| Weighted Avg Shares (Diluted) | 82.4M | 78.6M | 75.5M | 72.5M | 66.2M | 61.8M | 60.0M | 57.9M | 53.9M | 53.5M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $75M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 2%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $1.2B covers the $0 due within a year 1201147000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-09-30 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~5.2% on $1.8B of debt.
Cash of $1.2B fully covers short-term debt of $81M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 85th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 38.4 | 42.1 | 38.9 | 37.0 | 38.8 | 38.8 | 40.4 | 40.3 |
| Gross Profit | 61.6 | 57.9 | 61.1 | 63.0 | 61.2 | 61.2 | 59.6 | 59.7 |
| R&D | 18.3 | 19.0 | 18.1 | 22.4 | 19.7 | 19.5 | 21.2 | 24.6 |
| SG&A | 37.3 | 40.1 | 45.1 | 59.5 | 33.6 | 31.7 | 35.6 | 37.3 |
| Operating Income | 5.9 | -1.2 | -2.1 | -18.8 | 7.8 | 10.0 | 2.8 | -2.2 |
| Income Tax | -0.3 | 0.2 | -0.7 | -9.2 | 4.2 | -1.2 | 0.2 | -3.8 |
| Net Income | 7.0 | 0.2 | -0.3 | -6.5 | 12.4 | 11.3 | 18.1 | 4.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AXON: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.49T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $371.6B | 42.5× | 29.7× | 5.5× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.8B | 38.5× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $259.8B | 39.0× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $199.4B | 79.4× | 40.2× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.4B | 37.1× | — | 4.1× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.4B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $167.6B | 23.6× | 16.1× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $158.8B | 39.2× | — | 5.8× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.2B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $118.7B | 34.1× | 26.8× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.3B | 24.9× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.4B | 32.6× | 23.3× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $92.4B | 70.8× | 43.8× | 9.0× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $92.2B | 90.7× | 45.8× | 3.2× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $91.9B | 28.0× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $90.7B | 60.9× | 39.9× | 11.0× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.3B | 27.4× | 16.8× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.0B | 31.8× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $85.0B | 15.3× | 9.5× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $83.0B | 36.5× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $79.8B | 45.0× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| AXON | $36.4B | 300.3× | 1754.1× | 13.1× | 33.5% | 59.7% | 4.5% | 3.8% | 2.5% | 85.9× | 1,003 |
Peers = companies sharing AXON's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.