AXON vs. LMT
AXON (Axon Enterprise, Inc.) and LMT (Lockheed Martin Corporation) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, AXON returned 35.39%/yr vs 10.91%/yr for LMT. At a 0.22 correlation, their price movements are largely independent.
Performance
AXON vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, AXON achieves a -17.06% return, which is significantly lower than LMT's 8.80% return. Over the past 10 years, AXON has outperformed LMT with an annualized return of 35.39%, while LMT has yielded a comparatively lower 10.91% annualized return.
AXON
- 1D
- -3.10%
- 1M
- 16.73%
- YTD
- -17.06%
- 6M
- -14.84%
- 1Y
- -40.51%
- 3Y*
- 34.22%
- 5Y*
- 26.05%
- 10Y*
- 35.39%
LMT
- 1D
- -0.70%
- 1M
- 3.35%
- YTD
- 8.80%
- 6M
- 13.08%
- 1Y
- 10.88%
- 3Y*
- 6.80%
- 5Y*
- 9.00%
- 10Y*
- 10.91%
AXON vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
LMT Lockheed Martin Corporation | 8.80% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between AXON and LMT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2001 | 0.22 |
The correlation between AXON and LMT shifts across timeframes, from 0.10 (5 years) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$38.85B
LMT:
$120.19B
AXON:
$2.41
LMT:
$20.61
AXON:
195.83
LMT:
25.23
AXON:
13.54
LMT:
1.61
AXON:
10.99
LMT:
16.05
AXON:
$2.98B
LMT:
$75.12B
AXON:
$1.77B
LMT:
$7.37B
AXON:
$156.24M
LMT:
$8.09B
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Return for Risk
AXON vs. LMT — Risk / Return Rank
AXON
LMT
AXON vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.10 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.43 | -1.11 |
| Martin ratioReturn relative to average drawdown | -1.17 | 1.04 | -2.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AXON | LMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | 0.41 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.40 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.46 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.38 | +0.14 |
Drawdowns
AXON vs. LMT - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for AXON and LMT.
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Drawdown Indicators
| AXON | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -79.29% | -12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -25.15% | -35.13% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -31.79% | -28.49% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -31.79% | -28.49% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -36.67% | -23.61% |
Current DrawdownCurrent decline from peak | -45.92% | -22.64% | -23.28% |
Average DrawdownAverage peak-to-trough decline | -43.59% | -26.84% | -16.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.81% | 10.51% | +24.30% |
Volatility
AXON vs. LMT - Volatility Comparison
Axon Enterprise, Inc. (AXON) has a higher volatility of 19.02% compared to Lockheed Martin Corporation (LMT) at 5.31%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.02% | 5.31% | +13.71% |
Volatility (6M)Calculated over the trailing 6-month period | 44.22% | 19.60% | +24.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.73% | 26.62% | +29.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.97% | 22.88% | +25.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.19% | 23.72% | +25.47% |
Dividends
AXON vs. LMT - Dividend Comparison
AXON has not paid dividends to shareholders, while LMT's dividend yield for the trailing twelve months is around 2.62%.
| Position | 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% |
LMT Lockheed Martin Corporation | 2.62% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
AXON vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Lockheed Martin Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AXON vs. LMT - Profitability Comparison
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
AXON and LMT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (19.02%) compared to LMT (5.31%). In terms of maximum drawdown, AXON dropped -91.78% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.41 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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