Axon Enterprise
Axon Enterprise returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 0.43% | — | 6.22% | 2.91% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | -0.45% | — | 6.76% | 3.13% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | -1.38% | — | 4.48% | 2.17% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | -0.65% | — | 10.03% | 4.82% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | -0.04% | — | 14% | 6.55% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 0.85% | — | 15.13% | 6.82% | — |
| FY 2024 Q4 | Dec 31, 2024 | 2.73% | 1.91% | — | 19.14% | 9.53% | -5 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 4.06% | — | 16.47% | 8.21% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 5.42% | — | 17.22% | 8.52% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 5.88% | — | 16.27% | 7.91% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 6.34% | — | 12.1% | 5.54% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 6.54% | — | 10.62% | 5.55% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 5.64% | — | 7.49% | 3.95% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 5.02% | — | 10.87% | 5.75% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 5.3% | — | 12.7% | 6.48% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 3.07% | — | 8.91% | 5.71% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 1.05% | — | 12.29% | 8.14% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | -8.16% | — | 4.01% | 2.69% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | -14.04% | — | -5.93% | -3.91% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | -11.84% | — | -2.06% | -1.41% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | -12.8% | — | -7.12% | -5.08% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -6.89% | — | -6.84% | -4.71% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -1.59% | — | -0.23% | -0.15% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -4.21% | — | -5.69% | -3.86% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -2.83% | — | -4.85% | -3.33% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -1.57% | — | -0.28% | -0.18% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | -1.06% | — | 0.17% | 0.11% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 1.74% | — | 3.17% | 2.08% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 1.33% | — | 3.19% | 2.15% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 3.32% | — | 6.68% | 4.01% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 6.34% | — | 9.2% | 5.52% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 7.94% | — | 8.01% | 4.96% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 6.93% | — | 6.45% | 4.12% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 8.98% | — | 7.6% | 3.91% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 6.05% | — | 3.27% | 1.69% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 7.18% | — | 8.86% | 4.7% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 13.4% | — | 11.44% | 6.25% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 16.12% | — | 11.86% | 6.86% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 16.26% | — | 11.24% | 6.81% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 16.96% | — | 11.04% | 6.9% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 14.89% | — | 9.53% | 6.23% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 16.78% | — | 11.04% | 7.48% | — |
| FY 2015 Q4 | Dec 31, 2015 | 22.32% | 20.48% | -0.71% | 13.93% | 9.6% | 14.6 pp |
| FY 2015 Q3 | Sep 30, 2015 | — | 22.28% | — | 14.89% | 10.55% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 26.85% | — | 19.63% | 14.36% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 25.09% | — | 17.99% | 13.16% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 23.33% | — | 16.78% | 11.94% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 26.26% | — | 19.23% | 13.81% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 24.27% | — | 18.69% | 13.54% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 22.9% | — | 17.3% | 13.01% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 25.02% | — | 18.65% | 13.79% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 24.55% | — | 19.81% | 14.44% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 25.09% | — | 19.68% | 14.47% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 21.99% | — | 16.25% | 12.65% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 24.07% | — | 17.37% | 13.33% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 11.36% | — | 5.89% | 4.57% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 6.72% | — | 2.76% | 2.22% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · AXON, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.