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Axon Enterprise price to free cash flow AXON

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026
256×
10-year median
135×
Against its 10-year history
90th
percentile: 0 is its lowest day, 100 its highest
10-year range
29.0× to 460×
Peer median
29.6×

Axon Enterprise's price to free cash flow is 256× as of Oct 23, 2026.

That is above its ten-year median of 135×, higher than on 90% of days in the last ten years.

Over that time it ranged from 29.0× in Nov 2016 to 460× in Mar 2026.

The median for 10 aerospace and defense stocks of a similar size is 29.6×.

Price to free cash flow over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far256×225×460×
2025318×168×328×
2024200×130×225×
2023145×85.5×237×
2022198×85.6×285×
2021105×94.2×246×
2020138×55.1×152×
2019125×52.3×263×
201851.6×50.1×293×
2017101×36.6×101×
201638.9×20.2×45.7×
201523.9×23.3×52.2×
201448.2×20.1×48.2×
201333.5×15.1×36.7×
201218.2×14.2×21.6×

Against its peers

Companies in Aerospace & Defense nearest Axon Enterprise's size, closest first, today.

CompanyPrice to free cash flow
AXONAxon Enterprise256×
HEIHEICO40.3×
LHXL3Harris Technologies16.8×
HONAHoneywell Aerospacen/m
TDGTransDigm31.7×
WWDWoodward47.6×
CWCurtiss-Wright27.5×
FTAIFTAI Aviationn/m
HWMHowmet Aerospace41.4×
NOCNorthrop Grumman21.5×
TXTTextron17.4×
Peer median29.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Axon Enterprise

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.