Axon Enterprise (AXON) Return on Capital Employed [ROCE] (2011 - 2026)
Axon Enterprise (AXON) recorded Return on Capital Employed [ROCE] of 0.40% in Q2 2026, up 0.44 percentage points from -0.03% a year earlier and up 0.82 percentage points from the prior quarter.
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Analysis
Axon Enterprise (AXON) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Axon Enterprise reported Return on Capital Employed [ROCE] of -1.45%, down 4.04 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +0.20 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 2.59% in FY2024 (-4.04 pp), 6.62% in FY2023 (+1.05 pp), 5.58% in FY2022 (+20.19 pp) and -14.62% in FY2021 (-12.97 pp).
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in 1 of the last eight quarters, with an average year-over-year change of -3.25 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 18.15 percentage points in Q4 2022, against a drop of 11.75 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -0.41% (Q1 2026), -1.16% (Q4 2025) and -0.54% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | -1.66% |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 44.16% |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | -25.24% |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 0.30% |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 3.21% |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 0.40% |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | -0.47% |
| 10 | Baidu | 28.69 Bn | -44.94 Bn | 1.47 Mn | -1.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.40% |
| Mar 31, 2026 | -0.41% |
| Dec 31, 2025 | -1.16% |
| Sep 30, 2025 | -0.54% |
| Jun 30, 2025 | -0.03% |
| Mar 31, 2025 | 0.84% |
| Dec 31, 2024 | 2.28% |
| Sep 30, 2024 | 4.94% |
| Jun 30, 2024 | 5.19% |
| Mar 31, 2024 | 7.41% |
| Dec 31, 2023 | 6.10% |
| Sep 30, 2023 | 5.57% |
| Jun 30, 2023 | 4.59% |
| Mar 31, 2023 | 4.04% |
| Dec 31, 2022 | 5.08% |
| Sep 30, 2022 | 3.16% |
| Jun 30, 2022 | 1.37% |
| Mar 31, 2022 | -7.60% |
| Dec 31, 2021 | -13.07% |
| Sep 30, 2021 | -11.22% |
API Access
Axon Enterprise Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=AXON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "AXON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=AXON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();