ATRO vs. AXON

Last updated Apr 1, 2026

Compare and contrast key facts about Astronics Corporation (ATRO) and Axon Enterprise, Inc. (AXON).

Performance

ATRO vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astronics Corporation (ATRO) and Axon Enterprise, Inc. (AXON). The values are adjusted to include any dividend payments, if applicable.

ATRO vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATRO Astronics Corporation	23.03%	239.85%	-8.38%	69.13%	-14.17%	-9.30%	-52.67%	-8.21%	-13.21%	22.55%
AXON Axon Enterprise, Inc.	-25.22%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%

Fundamentals

Market Cap ATRO : $2.57B AXON : $35.17B
EPS ATRO : $0.80 AXON : $1.54
PE Ratio ATRO : 83.55 AXON : 276.29
PEG Ratio ATRO : 7.32 AXON : 0.08
PS Ratio ATRO : 2.85 AXON : 12.39
PB Ratio ATRO : 18.33 AXON : 10.85
Total Revenue (TTM) ATRO : $862.13M AXON : $2.78B
Gross Profit (TTM) ATRO : $258.16M AXON : $1.66B
EBITDA (TTM) ATRO : $60.27M AXON : $156.73M

Returns By Period

In the year-to-date period, ATRO achieves a 23.03% return, which is significantly higher than AXON's -25.22% return. Over the past 10 years, ATRO has underperformed AXON with an annualized return of 7.53%, while AXON has yielded a comparatively higher 36.40% annualized return.

ATRO

• 1D: 7.08%
• 1M: -17.23%
• YTD: 23.03%
• 6M: 46.31%
• 1Y: 176.09%
• 3Y*: 70.94%
• 5Y*: 29.62%
• 10Y*: 7.53%

AXON

• 1D: 2.32%
• 1M: -21.70%
• YTD: -25.22%
• 6M: -40.82%
• 1Y: -19.25%
• 3Y*: 23.61%
• 5Y*: 24.31%
• 10Y*: 36.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ATRO vs. AXON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATRO

ATRO Risk / Return Rank: 96
ATRO Sharpe Ratio Rank: 97
ATRO Sortino Ratio Rank: 95
ATRO Omega Ratio Rank: 94
ATRO Calmar Ratio Rank: 97
ATRO Martin Ratio Rank: 98

AXON

AXON Risk / Return Rank: 28
AXON Sharpe Ratio Rank: 26
AXON Sortino Ratio Rank: 26
AXON Omega Ratio Rank: 26
AXON Calmar Ratio Rank: 31
AXON Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATRO vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astronics Corporation (ATRO) and Axon Enterprise, Inc. (AXON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ATRO	AXON	Difference
Sharpe ratio Return per unit of total volatility	3.18	-0.36	+3.54
Sortino ratio Return per unit of downside risk	3.58	-0.21	+3.78
Omega ratio Gain probability vs. loss probability	1.48	0.97	+0.51
Calmar ratio Return relative to maximum drawdown	7.29	-0.38	+7.67
Martin ratio Return relative to average drawdown	24.54	-0.79	+25.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATRO vs. AXON - Sharpe Ratio Comparison

The current ATRO Sharpe Ratio is 3.18, which is higher than the AXON Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of ATRO and AXON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ATRO	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	-0.36	+3.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.52	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.75	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.51	-0.30

Correlation

The correlation between ATRO and AXON is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ATRO vs. AXON - Dividend Comparison

Neither ATRO nor AXON has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ATRO vs. AXON - Drawdown Comparison

The maximum ATRO drawdown since its inception was -90.12%, roughly equal to the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for ATRO and AXON.

Drawdown Indicators

	ATRO	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-91.78%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-23.39%	-54.11%	+30.72%
Max Drawdown (5Y) Largest decline over 5 years	-62.90%	-56.40%	-6.50%
Max Drawdown (10Y) Largest decline over 10 years	-85.52%	-58.54%	-26.98%
Current Drawdown Current decline from peak	-17.97%	-51.24%	+33.27%
Average Drawdown Average peak-to-trough decline	-38.24%	-43.52%	+5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.95%	26.11%	-19.16%

Volatility

ATRO vs. AXON - Volatility Comparison

Astronics Corporation (ATRO) has a higher volatility of 20.34% compared to Axon Enterprise, Inc. (AXON) at 14.24%. This indicates that ATRO's price experiences larger fluctuations and is considered to be riskier than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATRO	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.34%	14.24%	+6.10%
Volatility (6M) Calculated over the trailing 6-month period	35.71%	38.56%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	55.80%	53.05%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.63%	46.98%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.55%	48.53%	+8.02%

Financials

ATRO vs. AXON - Profitability Comparison

The chart below illustrates the profitability comparison between Astronics Corporation and Axon Enterprise, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ATRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Astronics Corporation reported a gross profit of 79.97M and revenue of 240.07M. Therefore, the gross margin over that period was 33.3%.

AXON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Axon Enterprise, Inc. reported a gross profit of 461.30M and revenue of 796.72M. Therefore, the gross margin over that period was 57.9%.

ATRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Astronics Corporation reported an operating income of 35.46M and revenue of 240.07M, resulting in an operating margin of 14.8%.

AXON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Axon Enterprise, Inc. reported an operating income of -53.12M and revenue of 796.72M, resulting in an operating margin of -6.7%.

ATRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Astronics Corporation reported a net income of 29.62M and revenue of 240.07M, resulting in a net margin of 12.3%.

AXON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Axon Enterprise, Inc. reported a net income of 2.75M and revenue of 796.72M, resulting in a net margin of 0.3%.