Axon Enterprise vs Hexcel
Axon Enterprise reported revenue of $2.8 billion in fiscal 2025, 1.5 times Hexcel's $1.9 billion in fiscal 2025. Axon Enterprise's revenue grew 33.5% in its latest year, and Hexcel's fell 0.5%. Axon Enterprise had an operating margin of -2.2%, against 9.1% at Hexcel. Free cash flow was $75 million at Axon Enterprise and $157 million at Hexcel.
Side by side
| Axon Enterprise | Hexcel | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.8B | $1.9B |
| Revenue growth | 33.5% | −0.5% |
| Revenue growth a year, last 5 years | 32.5% | 4.7% |
| Gross margin | 59.6% | 23.0% |
| Operating margin | −2.2% | 9.1% |
| Net margin | 4.5% | 5.8% |
| Free cash flow | $75M | $157M |
| Free cash flow margin | 2.7% | 8.3% |
| Return on capital | −2.2% | 6.5% |
| Net debt to EBITDA | 4.9x | 3.1x |
| Dividends and buybacks | $0M | $508M |
| Change in diluted share count | 4.8% | −3.6% |
| Last close | $424.77 | $79.74 |
| P/E at the last close | 176.3× | 35.9× |
| Insider trades, last 12 months | sold $129.6 million | sold $2.8 million |
| Piotroski F-score | 6 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Axon EnterpriseHexcel
Operating margin
Percent of revenue
Axon EnterpriseHexcel
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Axon EnterpriseHexcel
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Axon Enterprise and Hexcel pages.