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Axon Enterprise vs Sturm Ruger: revenue, profit, margins and growth compared

Axon Enterprise brought in $2.8B of revenue in fiscal 2025, Sturm Ruger $546.1M in fiscal 2025. Revenue changed by +33.5% at Axon Enterprise and +1.9% at Sturm Ruger on the year before, so Axon Enterprise grew faster. Axon Enterprise kept 4.5% of its revenue as net profit, Sturm Ruger -0.8%. Free cash flow was $75.1M at Axon Enterprise and $38.5M at Sturm Ruger.

Side by side, latest fiscal year

AXONRGR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.8B$546.1M
Revenue growth+33.5%+1.9%
Net income$124.7M-$4.4M
Net margin4.5%-0.8%
Free cash flow$75.1M$38.5M
Free cash flow margin2.7%7.0%
Earnings per share (diluted)$1.51-$0.27
Cash$1.2B$18.5M
Debt$1.8Bn/a
Price to earnings284.8n/a
Market value$34.9B$684M
Dividend yieldn/a1.45%
Rank by revenue in sector#190 of 451 · Industrials#311 of 451 · Industrials

Over the years

Revenue
AXON FY2018: $420.1MAXON FY2019: $530.9MAXON FY2020: $681MAXON FY2021: $863.4MAXON FY2022: $1.2BAXON FY2023: $1.6BAXON FY2024: $2.1BAXON FY2025: $2.8BRGR FY2018: $495.6MRGR FY2019: $410.5MRGR FY2020: $568.9MRGR FY2021: $730.7MRGR FY2022: $595.8MRGR FY2023: $543.8MRGR FY2024: $535.6MRGR FY2025: $546.1MFY18FY19FY20FY21FY22FY23FY24FY25
AXON $2.8BRGR $546.1M
Net income
AXON FY2018: $29.2MAXON FY2019: $882KAXON FY2020: -$1.7MAXON FY2021: -$60MAXON FY2022: $146.9MAXON FY2023: $175.8MAXON FY2024: $377MAXON FY2025: $124.7MRGR FY2018: $50.9MRGR FY2019: $32.3MRGR FY2020: $90.4MRGR FY2021: $155.9MRGR FY2022: $88.3MRGR FY2023: $48.2MRGR FY2024: $30.6MRGR FY2025: -$4.4MFY18FY19FY20FY21FY22FY23FY24FY25
AXON $124.7MRGR -$4.4M
Net margin
AXON FY2018: 7.0%AXON FY2019: 0.2%AXON FY2020: -0.3%AXON FY2021: -7.0%AXON FY2022: 12.4%AXON FY2023: 11.3%AXON FY2024: 18.1%AXON FY2025: 4.5%RGR FY2018: 10.3%RGR FY2019: 7.9%RGR FY2020: 15.9%RGR FY2021: 21.3%RGR FY2022: 14.8%RGR FY2023: 8.9%RGR FY2024: 5.7%RGR FY2025: -0.8%FY18FY19FY20FY21FY22FY23FY24FY25
AXON 4.5%RGR -0.8%
Revenue growth
AXON FY2019: +26.4%AXON FY2020: +28.3%AXON FY2021: +26.8%AXON FY2022: +37.5%AXON FY2023: +31.5%AXON FY2024: +33.4%AXON FY2025: +33.5%RGR FY2019: -17.2%RGR FY2020: +38.6%RGR FY2021: +28.5%RGR FY2022: -18.5%RGR FY2023: -8.7%RGR FY2024: -1.5%RGR FY2025: +1.9%FY19FY20FY21FY22FY23FY24FY25
AXON +33.5%RGR +1.9%
Free cash flow
AXON FY2018: $52.7MAXON FY2019: $49.7MAXON FY2020: -$34.1MAXON FY2021: $74.6MAXON FY2022: $179.6MAXON FY2023: $129.6MAXON FY2024: $329.5MAXON FY2025: $75.1MRGR FY2018: $109.3MRGR FY2019: $29.3MRGR FY2020: $119.6MRGR FY2021: $143.6MRGR FY2022: $49.5MRGR FY2023: $18.1MRGR FY2024: $34.7MRGR FY2025: $38.5MFY18FY19FY20FY21FY22FY23FY24FY25
AXON $75.1MRGR $38.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Axon Enterprise and Sturm Ruger

Which is bigger by revenue, Axon Enterprise or Sturm Ruger?

Axon Enterprise is bigger by revenue: $2.8B in fiscal 2025, against $546.1M for Sturm Ruger in fiscal 2025.

Which keeps more of its revenue as profit, Axon Enterprise or Sturm Ruger?

Axon Enterprise had a net margin of 4.5% in fiscal 2025; Sturm Ruger had -0.8% in fiscal 2025.

Which grew revenue faster, Axon Enterprise or Sturm Ruger?

In their latest fiscal years revenue changed by +33.5% at Axon Enterprise and +1.9% at Sturm Ruger.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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