AXON vs. ITRI

Last updated Apr 1, 2026

Compare and contrast key facts about Axon Enterprise, Inc. (AXON) and Itron, Inc. (ITRI).

Performance

AXON vs. ITRI - Performance Comparison

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

AXON vs. ITRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AXON Axon Enterprise, Inc.	-25.22%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%
ITRI Itron, Inc.	-3.48%	-14.48%	43.80%	49.08%	-26.08%	-28.55%	14.23%	77.52%	-30.66%	8.51%

Fundamentals

Market Cap AXON : $35.17B ITRI : $4.13B
EPS AXON : $1.54 ITRI : $6.50
PE Ratio AXON : 276.29 ITRI : 13.79
PEG Ratio AXON : 0.08 ITRI : 0.24
PS Ratio AXON : 12.39 ITRI : 1.75
PB Ratio AXON : 10.85 ITRI : 2.41
Total Revenue (TTM) AXON : $2.78B ITRI : $2.37B
Gross Profit (TTM) AXON : $1.66B ITRI : $892.12M
EBITDA (TTM) AXON : $156.73M ITRI : $363.46M

Returns By Period

In the year-to-date period, AXON achieves a -25.22% return, which is significantly lower than ITRI's -3.48% return. Over the past 10 years, AXON has outperformed ITRI with an annualized return of 36.40%, while ITRI has yielded a comparatively lower 7.91% annualized return.

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%

ITRI

• 1D: 6.86%
• 1M: -4.60%
• YTD: -3.48%
• 6M: -28.04%
• 1Y: -14.44%
• 3Y*: 17.36%
• 5Y*: -0.20%
• 10Y*: 7.91%

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

Return for Risk

AXON vs. ITRI — Risk / Return Rank

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

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

ITRI

ITRI Risk / Return Rank: 27
ITRI Sharpe Ratio Rank: 26
ITRI Sortino Ratio Rank: 25
ITRI Omega Ratio Rank: 24
ITRI Calmar Ratio Rank: 31
ITRI Martin Ratio Rank: 31

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. ITRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Itron, Inc. (ITRI). 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	ITRI	Difference
Sharpe ratio Return per unit of total volatility	-0.36	-0.36	-0.01
Sortino ratio Return per unit of downside risk	-0.21	-0.22	+0.01
Omega ratio Gain probability vs. loss probability	0.97	0.97	+0.01
Calmar ratio Return relative to maximum drawdown	-0.38	-0.35	-0.03
Martin ratio Return relative to average drawdown	-0.79	-0.68	-0.11
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. ITRI - Sharpe Ratio Comparison

The current AXON Sharpe Ratio is -0.36, which is comparable to the ITRI Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of AXON and ITRI, 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	ITRI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	-0.36	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	-0.00	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.18	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.11	+0.40

Correlation

The correlation between AXON and ITRI is 0.28, 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. ITRI - Dividend Comparison

Neither AXON nor ITRI has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

AXON vs. ITRI - Drawdown Comparison

The maximum AXON drawdown since its inception was -91.78%, roughly equal to the maximum ITRI drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for AXON and ITRI.

Drawdown Indicators

	AXON	ITRI	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	-94.36%	+2.58%
Max Drawdown (1Y) Largest decline over 1 year	-54.11%	-39.40%	-14.71%
Max Drawdown (5Y) Largest decline over 5 years	-56.40%	-58.57%	+2.17%
Max Drawdown (10Y) Largest decline over 10 years	-58.54%	-65.26%	+6.72%
Current Drawdown Current decline from peak	-51.24%	-35.25%	-15.99%
Average Drawdown Average peak-to-trough decline	-43.52%	-46.63%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.11%	20.05%	+6.06%

Volatility

AXON vs. ITRI - Volatility Comparison

Axon Enterprise, Inc. (AXON) has a higher volatility of 14.24% compared to Itron, Inc. (ITRI) at 12.61%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than ITRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXON	ITRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.24%	12.61%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	38.56%	35.82%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	53.05%	40.58%	+12.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.98%	42.70%	+4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.53%	43.12%	+5.41%

Financials

AXON vs. ITRI - Profitability Comparison

The chart below illustrates the profitability comparison between Axon Enterprise, Inc. and Itron, Inc. 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%.

ITRI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Itron, Inc. reported a gross profit of 231.74M and revenue of 571.66M. Therefore, the gross margin over that period was 40.5%.

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%.

ITRI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Itron, Inc. reported an operating income of 78.66M and revenue of 571.66M, resulting in an operating margin of 13.8%.

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%.

ITRI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Itron, Inc. reported a net income of 101.63M and revenue of 571.66M, resulting in a net margin of 17.8%.