Axon Enterprise (AXON) Return on Invested Capital [ROIC] (2015 - 2026)
Axon Enterprise's Return on Invested Capital [ROIC] came in at 0.45% for Q2 2026, up 0.48 percentage points from -0.03% a year earlier and up 0.91 percentage points from the prior quarter.
Powered by 
Analysis
Axon Enterprise (AXON) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, Axon Enterprise's Return on Invested Capital [ROIC] was -1.54%, down 4.04 percentage points from FY2024.
- Going back by year, Return on Invested Capital [ROIC] was 2.50% in FY2024.
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q1 2025.
- Year-over-year, Return on Invested Capital [ROIC] increased in 1 of the last four quarters, with an average year-over-year change of -2.58 percentage points.
- Business Quant data shows AXON's Return on Invested Capital [ROIC] at -0.47% (Q1 2026), -1.23% (Q4 2025) and -0.57% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | -2.11% |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 111.71% |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | - |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | - |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 2.98% |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 0.45% |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | - |
| 10 | Baidu | 28.69 Bn | -44.94 Bn | 1.47 Mn | -1.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.45% |
| Mar 31, 2026 | -0.47% |
| Dec 31, 2025 | -1.23% |
| Sep 30, 2025 | -0.57% |
| Jun 30, 2025 | -0.03% |
| Mar 31, 2025 | 0.88% |
| Dec 31, 2024 | 2.00% |
| Mar 31, 2024 | 7.11% |
| Sep 30, 2016 | 11.81% |
| Jun 30, 2016 | 9.55% |
| Mar 31, 2016 | 10.36% |
| Dec 31, 2015 | 12.99% |
API Access
Axon Enterprise Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=AXON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=AXON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();