ITRI vs. AXON

Last updated Apr 1, 2026

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

Performance

ITRI vs. AXON - Performance Comparison

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

ITRI vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITRI Itron, Inc.	-3.48%	-14.48%	43.80%	49.08%	-26.08%	-28.55%	14.23%	77.52%	-30.66%	8.51%
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 ITRI : $4.13B AXON : $35.17B
EPS ITRI : $6.50 AXON : $1.54
PE Ratio ITRI : 13.79 AXON : 276.29
PEG Ratio ITRI : 0.24 AXON : 0.08
PS Ratio ITRI : 1.75 AXON : 12.39
PB Ratio ITRI : 2.41 AXON : 10.85
Total Revenue (TTM) ITRI : $2.37B AXON : $2.78B
Gross Profit (TTM) ITRI : $892.12M AXON : $1.66B
EBITDA (TTM) ITRI : $363.46M AXON : $156.73M

Returns By Period

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

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%

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

ITRI vs. AXON — Risk / Return Rank

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

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

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.

ITRI vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Itron, Inc. (ITRI) 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.

	ITRI	AXON	Difference
Sharpe ratio Return per unit of total volatility	-0.36	-0.36	+0.01
Sortino ratio Return per unit of downside risk	-0.22	-0.21	-0.01
Omega ratio Gain probability vs. loss probability	0.97	0.97	-0.01
Calmar ratio Return relative to maximum drawdown	-0.35	-0.38	+0.03
Martin ratio Return relative to average drawdown	-0.68	-0.79	+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.

ITRI vs. AXON - Sharpe Ratio Comparison

The current ITRI Sharpe Ratio is -0.36, which is comparable to the AXON Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of ITRI 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

	ITRI	AXON	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	-0.00	0.52	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.75	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.51	-0.40

Correlation

The correlation between ITRI and AXON 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

ITRI vs. AXON - Dividend Comparison

Neither ITRI nor AXON has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ITRI vs. AXON - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

ITRI vs. AXON - Volatility Comparison

The current volatility for Itron, Inc. (ITRI) is 12.61%, while Axon Enterprise, Inc. (AXON) has a volatility of 14.24%. This indicates that ITRI 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

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

Financials

ITRI vs. AXON - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.