IESC vs. AXON

Last updated Jun 9, 2026

IESC (IES Holdings, Inc.) and AXON (Axon Enterprise, Inc.) are both stocks. Both are in the Industrials sector — IESC in Engineering & Construction, AXON in Aerospace & Defense. Over the past 10 years, IESC returned 48.95%/yr vs 35.39%/yr for AXON. At a 0.22 correlation, their price movements are largely independent.

Performance

IESC vs. AXON - Performance Comparison

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

Returns By Period

In the year-to-date period, IESC achieves a 88.91% return, which is significantly higher than AXON's -17.06% return. Over the past 10 years, IESC has outperformed AXON with an annualized return of 48.95%, while AXON has yielded a comparatively lower 35.39% annualized return.

IESC

• 1D: 1.97%
• 1M: 10.23%
• YTD: 88.91%
• 6M: 66.06%
• 1Y: 162.49%
• 3Y*: 140.27%
• 5Y*: 69.06%
• 10Y*: 48.95%

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%

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

IESC vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IESC IES Holdings, Inc.	88.91%	93.58%	153.67%	122.72%	-29.76%	9.99%	79.42%	65.02%	-9.86%	-9.92%
AXON Axon Enterprise, Inc.	-17.06%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%

Correlation

The correlation between IESC and AXON is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001	0.22

The correlation between IESC and AXON shifts across timeframes, from 0.22 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap IESC : $14.83B AXON : $38.85B
EPS IESC : $18.85 AXON : $2.41
PE Ratio IESC : 38.98 AXON : 195.83
PEG Ratio IESC : 0.47 AXON : 0.06
PS Ratio IESC : 4.08 AXON : 13.54
PB Ratio IESC : 13.83 AXON : 10.99
Total Revenue (TTM) IESC : $3.63B AXON : $2.98B
Gross Profit (TTM) IESC : $931.31M AXON : $1.77B
EBITDA (TTM) IESC : $487.14M AXON : $156.24M

Return for Risk

IESC vs. AXON — Risk / Return Rank

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

IESC

IESC Risk / Return Rank: 92
IESC Sharpe Ratio Rank: 94
IESC Sortino Ratio Rank: 88
IESC Omega Ratio Rank: 88
IESC Calmar Ratio Rank: 96
IESC Martin Ratio Rank: 96

AXON

AXON Risk / Return Rank: 14
AXON Sharpe Ratio Rank: 11
AXON Sortino Ratio Rank: 13
AXON Omega Ratio Rank: 13
AXON Calmar Ratio Rank: 17
AXON Martin Ratio Rank: 16

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.

IESC vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IES Holdings, Inc. (IESC) 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.

	IESC	AXON	Difference
Sharpe ratio: Return per unit of total volatility	2.64	-0.73	+3.37
Sortino ratio: Return per unit of downside risk	2.84	-0.93	+3.77
Omega ratio: Gain probability vs. loss probability	1.39	0.88	+0.50
Calmar ratio: Return relative to maximum drawdown	7.50	-0.67	+8.17
Martin ratio: Return relative to average drawdown	21.33	-1.17	+22.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IESC vs. AXON - Sharpe Ratio Comparison

The current IESC Sharpe Ratio is 2.64, which is higher than the AXON Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of IESC and AXON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IESC	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	-0.73	+3.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.29	0.55	+0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.02	0.72	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.51	-0.46

Drawdowns

IESC vs. AXON - Drawdown Comparison

The maximum IESC drawdown since its inception was -98.32%, which is greater than AXON's maximum drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for IESC and AXON.

Drawdown Indicators

	IESC	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-98.32%	-91.78%	-6.54%
Max Drawdown (1Y) Largest decline over 1 year	-21.80%	-60.28%	+38.48%
Max Drawdown (3Y) Largest decline over 3 years	-49.23%	-60.28%	+11.05%
Max Drawdown (5Y) Largest decline over 5 years	-54.22%	-60.28%	+6.06%
Max Drawdown (10Y) Largest decline over 10 years	-54.28%	-60.28%	+6.00%
Current Drawdown Current decline from peak	-0.97%	-45.92%	+44.95%
Average Drawdown Average peak-to-trough decline	-55.01%	-43.59%	-11.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.66%	34.81%	-27.15%

Volatility

IESC vs. AXON - Volatility Comparison

The current volatility for IES Holdings, Inc. (IESC) is 11.77%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.02%. This indicates that IESC experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IESC	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.77%	19.02%	-7.25%
Volatility (6M) Calculated over the trailing 6-month period	49.79%	44.22%	+5.57%
Volatility (1Y) Calculated over the trailing 1-year period	62.06%	55.73%	+6.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.94%	47.97%	+5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.10%	49.19%	-1.09%

Dividends

IESC vs. AXON - Dividend Comparison

Neither IESC nor AXON has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

IESC vs. AXON - Profitability Comparison

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

IESC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported a gross profit of 238.70M and revenue of 974.20M. Therefore, the gross margin over that period was 24.5%.

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%.

IESC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported an operating income of 112.30M and revenue of 974.20M, resulting in an operating margin of 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%.

IESC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported a net income of 110.00M and revenue of 974.20M, resulting in a net margin of 11.3%.

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%.

Frequently Asked Questions

Can I hold both IESC and AXON in my portfolio?

IESC and AXON have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IESC or AXON?

AXON has higher volatility (19.02%) compared to IESC (11.77%). In terms of maximum drawdown, IESC dropped -98.32% vs AXON's -91.78%.

Which has better risk-adjusted returns?

IESC currently has the higher Sharpe Ratio (2.64 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.