AXON vs. HEI

Last updated Apr 2, 2026

Compare and contrast key facts about Axon Enterprise, Inc. (AXON) and HEICO Corporation (HEI).

Performance

AXON vs. HEI - Performance Comparison

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

AXON vs. HEI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AXON Axon Enterprise, Inc.	-25.42%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%
HEI HEICO Corporation	-14.84%	36.22%	33.05%	16.56%	6.67%	9.06%	16.16%	47.54%	28.51%	53.04%

Fundamentals

Market Cap AXON : $35.08B HEI : $38.85B
EPS AXON : $1.54 HEI : $5.06
PE Ratio AXON : 275.57 HEI : 54.47
PEG Ratio AXON : 0.08 HEI : 2.45
PS Ratio AXON : 12.36 HEI : 8.38
PB Ratio AXON : 10.82 HEI : 7.70
Total Revenue (TTM) AXON : $2.78B HEI : $4.63B
Gross Profit (TTM) AXON : $1.66B HEI : $1.41B
EBITDA (TTM) AXON : $156.73M HEI : $1.21B

Returns By Period

In the year-to-date period, AXON achieves a -25.42% return, which is significantly lower than HEI's -14.84% return. Over the past 10 years, AXON has outperformed HEI with an annualized return of 36.37%, while HEI has yielded a comparatively lower 24.76% annualized return.

AXON

• 1D: -0.26%
• 1M: -25.95%
• YTD: -25.42%
• 6M: -40.45%
• 1Y: -21.74%
• 3Y*: 23.50%
• 5Y*: 24.25%
• 10Y*: 36.37%

HEI

• 1D: 0.47%
• 1M: -16.33%
• YTD: -14.84%
• 6M: -13.83%
• 1Y: 2.02%
• 3Y*: 17.33%
• 5Y*: 16.70%
• 10Y*: 24.76%

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

Return for Risk

AXON vs. HEI — Risk / Return Rank

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

AXON

AXON Risk / Return Rank: 25
AXON Sharpe Ratio Rank: 22
AXON Sortino Ratio Rank: 22
AXON Omega Ratio Rank: 23
AXON Calmar Ratio Rank: 29
AXON Martin Ratio Rank: 28

HEI

HEI Risk / Return Rank: 41
HEI Sharpe Ratio Rank: 43
HEI Sortino Ratio Rank: 36
HEI Omega Ratio Rank: 36
HEI Calmar Ratio Rank: 44
HEI Martin Ratio Rank: 45

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.

AXON vs. HEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and HEICO Corporation (HEI). 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.

	AXON	HEI	Difference
Sharpe ratio Return per unit of total volatility	-0.41	0.07	-0.48
Sortino ratio Return per unit of downside risk	-0.30	0.30	-0.60
Omega ratio Gain probability vs. loss probability	0.96	1.04	-0.08
Calmar ratio Return relative to maximum drawdown	-0.36	0.12	-0.48
Martin ratio Return relative to average drawdown	-0.74	0.39	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXON vs. HEI - Sharpe Ratio Comparison

The current AXON Sharpe Ratio is -0.41, which is lower than the HEI Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of AXON and HEI, 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

	AXON	HEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	0.07	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.63	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.83	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.50	+0.01

Correlation

The correlation between AXON and HEI is 0.32, 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

AXON vs. HEI - Dividend Comparison

AXON has not paid dividends to shareholders, while HEI's dividend yield for the trailing twelve months is around 0.09%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXON Axon Enterprise, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HEI HEICO Corporation	0.09%	0.07%	0.09%	0.11%	0.12%	0.12%	0.12%	0.12%	0.14%	0.08%	0.22%	0.28%

Drawdowns

AXON vs. HEI - Drawdown Comparison

The maximum AXON drawdown since its inception was -91.78%, which is greater than HEI's maximum drawdown of -75.50%. Use the drawdown chart below to compare losses from any high point for AXON and HEI.

Drawdown Indicators

	AXON	HEI	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	-75.50%	-16.28%
Max Drawdown (1Y) Largest decline over 1 year	-54.11%	-25.98%	-28.13%
Max Drawdown (5Y) Largest decline over 5 years	-56.40%	-25.98%	-30.42%
Max Drawdown (10Y) Largest decline over 10 years	-58.54%	-57.73%	-0.81%
Current Drawdown Current decline from peak	-51.37%	-23.06%	-28.31%
Average Drawdown Average peak-to-trough decline	-43.52%	-19.97%	-23.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.31%	8.07%	+18.24%

Volatility

AXON vs. HEI - Volatility Comparison

Axon Enterprise, Inc. (AXON) has a higher volatility of 14.02% compared to HEICO Corporation (HEI) at 10.02%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than HEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXON	HEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.02%	10.02%	+4.00%
Volatility (6M) Calculated over the trailing 6-month period	38.55%	21.09%	+17.46%
Volatility (1Y) Calculated over the trailing 1-year period	53.03%	30.34%	+22.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.98%	26.56%	+20.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.52%	30.09%	+18.43%

Financials

AXON vs. HEI - Profitability Comparison

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

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%.

HEI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, HEICO Corporation reported a gross profit of 0.00 and revenue of 1.18B. Therefore, the gross margin over that period was 0.0%.

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%.

HEI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, HEICO Corporation reported an operating income of 259.90M and revenue of 1.18B, resulting in an operating margin of 22.1%.

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%.

HEI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, HEICO Corporation reported a net income of 190.19M and revenue of 1.18B, resulting in a net margin of 16.1%.