APG vs. AXON: APi Group vs. Axon Enterprise Stock Comparison

November 11, 2026

How do APi Group (APG) and Axon Enterprise (AXON) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

APi Group (APG) and Axon Enterprise (AXON) both fall under the Capital Goods industry group, but APG is classified in Construction & Engineering while AXON is classified in Aerospace & Defense.

Axon Enterprise (AXON) has more than two decades of public-market history since June 19, 2001, whereas APi Group (APG) listed on April 29, 2020 and has a much shorter record to draw on.

Company profile comparison for APi Group (APG) and Axon Enterprise (AXON)
Profile Item	APG	AXON
Name	APi Group Corporation Common Stock	Axon Enterprise, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Construction & Engineering	Aerospace & Defense
GICS Sub-Industry	Construction & Engineering	Aerospace & Defense
Market Capitalization	17.38 billion USD	25.49 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	April 29, 2020	June 19, 2001
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

APG

AXON

GSPC

APi Group (APG) vs. Axon Enterprise (AXON), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for APi Group (APG) and Axon Enterprise (AXON). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for APi Group (APG) and Axon Enterprise (AXON). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
Total Return (1Y)	17.89%	-48.97%
Total Return (3Y, Annualized)	33.17%	12.54%
Total Return (5Y, Annualized)	23.35%	11.75%

Risk Profile

Drawdown History

APG

AXON

GSPC

APi Group (APG) vs. Axon Enterprise (AXON), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for APi Group (APG) and Axon Enterprise (AXON). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
Volatility (1Y, Annualized)	32.45%	64.30%
Beta (5Y)	1.59	1.55
Max Drawdown (5Y)	-49.62%	-64.70%
Avg. Volume (3M)	3.19M	1.06M

Risk-Adjusted Performance

Risk-Return Positioning

APG and AXON are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
Sharpe Ratio (1Y)	0.42	-0.83
Sortino Ratio (1Y)	0.61	-1.14

Profitability

ROE (TTM)

Both APi Group (APG) at 10.85% and Axon Enterprise (AXON) at 7.61% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

APG

Capital Goods industry group

10.85%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
APG: 10.85%
Q1: 4.08%
Min: -17.12%

AXON

Capital Goods industry group

7.61%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
AXON: 7.61%
Q1: 4.08%
Min: -17.12%

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both APi Group (APG) at 4.12% and Axon Enterprise (AXON) at 7.57% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

APG

Capital Goods industry group

4.12%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
APG: 4.12%
Q1: 1.40%
Min: -12.89%

AXON

Capital Goods industry group

7.57%

Max: 27.47%
Q3: 12.10%
AXON: 7.57%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

APi Group (APG) at 9.28% runs core operations around its industry’s norm, while Axon Enterprise (AXON) at 4.63% operates in the bottom quartile.

APG

Capital Goods industry group

9.28%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
APG: 9.28%
Q1: 5.14%
Min: -12.63%

AXON

Capital Goods industry group

4.63%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
AXON: 4.63%
Min: -12.63%

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
ROE (TTM)	10.85%	7.61%
ROA (TTM)	5.20%	0.81%
Net Margin (TTM)	4.12%	7.57%
Operating Margin (TTM)	9.28%	4.63%
Gross Margin (TTM)	31.11%	58.64%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while APi Group (APG) at 12.72% is closer to the peer norm — faster top-line expansion for AXON.

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Axon Enterprise (AXON) reports EPS growth of -68.54%, ranked against its industry; APi Group (APG) has no EPS growth figure this period.

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
Revenue Growth (YoY)	12.72%	33.47%
Revenue Growth (3Y CAGR)	6.45%	32.79%
EPS Growth (YoY)	--	-68.54%
EPS Growth (3Y CAGR)	--	-9.39%

Financial Strength

Current Ratio (MRQ)

Axon Enterprise (AXON) at 3.00 carries current ratio above its industry’s typical mid-range, while APi Group (APG) at 1.18 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

APG

Capital Goods industry group

1.18

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
APG: 1.18
Min: 0.36

AXON

Capital Goods industry group

3.00

Max: 5.22
AXON: 3.00
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both APi Group (APG) at 1.12 and Axon Enterprise (AXON) at 0.79 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

APG

Capital Goods industry group

1.12

Max: 2.33
Q3: 1.12
APG: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

AXON

Capital Goods industry group

0.79

Max: 2.33
Q3: 1.12
AXON: 0.79
Median: 0.60
Q1: 0.29
Min: 0.00

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
Current Ratio (MRQ)	1.18	3.00
Debt / Equity (MRQ)	1.12	0.79
Net Debt / EBITDA	3.05	5.98

Dividends

Dividend Yield (TTM)

Neither APi Group (APG) nor Axon Enterprise (AXON) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

APG

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

AXON

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
AXON: 0.00%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Neither APi Group (APG) nor Axon Enterprise (AXON) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

APG

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

AXON

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
AXON: 0.00%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Axon Enterprise (AXON) trades at 100.64 times trailing earnings, ranked against its peers, while APi Group (APG) has no P/E ratio this period.

APG

Capital Goods industry group

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03
APG: --

AXON

Capital Goods industry group

100.64

AXON: 100.64
Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

APi Group (APG) vs. Axon Enterprise (AXON): APG does not report P/E ratio, so it has no value marker; AXON is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

APi Group (APG) at 1.95 is priced about in line with its industry on P/S ratio, while Axon Enterprise (AXON) at 7.46 sits in the pricier quartile — AXON costs more per dollar of sales.

APG

Capital Goods industry group

1.95

Max: 7.54
Q3: 3.76
Median: 2.15
APG: 1.95
Q1: 1.03
Min: 0.03

AXON

Capital Goods industry group

7.46

Max: 7.54
AXON: 7.46
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both APi Group (APG) at 5.01 and Axon Enterprise (AXON) at 6.74 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

APG

Capital Goods industry group

5.01

Max: 9.66
APG: 5.01
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

AXON

Capital Goods industry group

6.74

Max: 9.66
AXON: 6.74
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

APi Group (APG) vs. Axon Enterprise (AXON): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for APi Group (APG) and Axon Enterprise (AXON)
Metric	APG	AXON
P/E Ratio (TTM)	--	100.64
P/S Ratio (TTM)	1.95	7.46
P/B Ratio (MRQ)	5.01	6.74
Free Cash Flow Yield (TTM)	3.54%	0.38%