AXON vs. CNH: Axon Enterprise vs. CNH Industrial Stock Comparison

November 11, 2026

How do Axon Enterprise (AXON) and CNH Industrial (CNH) 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

Axon Enterprise (AXON) and CNH Industrial (CNH) both fall under the Capital Goods industry group, but AXON is classified in Aerospace & Defense while CNH is classified in Machinery.

Company profile comparison for Axon Enterprise (AXON) and CNH Industrial (CNH)
Profile Item	AXON	CNH
Name	Axon Enterprise, Inc.	CNH Industrial N.V.
Country/Region	United States	United Kingdom
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Machinery
GICS Sub-Industry	Aerospace & Defense	Agricultural & Farm Machinery
Market Capitalization	25.49 billion USD	18.59 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 19, 2001	September 30, 2013
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AXON

CNH

GSPC

Axon Enterprise (AXON) vs. CNH Industrial (CNH), 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 Axon Enterprise (AXON) and CNH Industrial (CNH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
Total Return (1Y)	-48.97%	38.02%
Total Return (3Y, Annualized)	12.54%	11.70%
Total Return (5Y, Annualized)	11.75%	-0.45%

Risk Profile

Drawdown History

AXON

CNH

GSPC

Axon Enterprise (AXON) vs. CNH Industrial (CNH), 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 Axon Enterprise (AXON) and CNH Industrial (CNH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
Volatility (1Y, Annualized)	64.30%	45.52%
Beta (5Y)	1.55	1.19
Max Drawdown (5Y)	-64.70%	-43.80%
Avg. Volume (3M)	1.06M	18.71M

Risk-Adjusted Performance

Risk-Return Positioning

AXON and CNH 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 Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
Sharpe Ratio (1Y)	-0.83	0.74
Sortino Ratio (1Y)	-1.14	1.25

Profitability

ROE (TTM)

Axon Enterprise (AXON) at 7.61% is around its peer norm for ROE, while CNH Industrial (CNH) at 3.91% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.

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%

CNH

Capital Goods industry group

3.91%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
CNH: 3.91%
Min: -17.12%

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

Net Margin (TTM)

Both Axon Enterprise (AXON) at 7.57% and CNH Industrial (CNH) at 1.71% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

CNH

Capital Goods industry group

1.71%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
CNH: 1.71%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

CNH Industrial (CNH) at 5.54% runs core operations around its industry’s norm, while Axon Enterprise (AXON) at 4.63% operates in the bottom quartile.

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%

CNH

Capital Goods industry group

5.54%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
CNH: 5.54%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
ROE (TTM)	7.61%	3.91%
ROA (TTM)	0.81%	0.87%
Net Margin (TTM)	7.57%	1.71%
Operating Margin (TTM)	4.63%	5.54%
Gross Margin (TTM)	58.64%	17.76%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while CNH Industrial (CNH) at -8.78% is in the bottom quartile, showing a clear gap in revenue momentum.

Axon Enterprise (AXON) vs. CNH Industrial (CNH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Axon Enterprise (AXON) at -68.54% and CNH Industrial (CNH) at -58.59% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

Axon Enterprise (AXON) vs. CNH Industrial (CNH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
Revenue Growth (YoY)	33.47%	-8.78%
Revenue Growth (3Y CAGR)	32.79%	-8.41%
EPS Growth (YoY)	-68.54%	-58.59%
EPS Growth (3Y CAGR)	-9.39%	-34.96%

Financial Strength

Current Ratio (MRQ)

Both Axon Enterprise (AXON) at 3.00 and CNH Industrial (CNH) at 4.88 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

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

CNH

Capital Goods industry group

4.88

Max: 5.22
CNH: 4.88
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Axon Enterprise (AXON) at 0.79 is near its industry mid-range for debt-to-equity ratio, while CNH Industrial (CNH) at 3.35 sits above its benchmark range, pointing to a heavier debt load relative to equity.

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

CNH

Capital Goods industry group

3.35

CNH: 3.35
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
Current Ratio (MRQ)	3.00	4.88
Debt / Equity (MRQ)	0.79	3.35
Net Debt / EBITDA	5.98	23.62

Dividends

Dividend Yield (TTM)

Axon Enterprise (AXON) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile CNH Industrial (CNH) reports a yield of 0.89%, ranking against industry peers normally.

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%

CNH

Capital Goods industry group

0.89%

Max: 2.66%
Q3: 1.14%
CNH: 0.89%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Axon Enterprise (AXON) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile CNH Industrial (CNH) reports a payout of 40.00%, ranking against industry peers normally.

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%

CNH

Capital Goods industry group

40.00%

Max: 67.39%
CNH: 40.00%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
Dividend Yield (TTM)	0.00%	0.89%
Dividend Payout Ratio (TTM)	0.00%	40.00%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: CNH Industrial (CNH) at 46.24 sits in the richer P/E ratio quartile, and Axon Enterprise (AXON) at 100.64 is richer still, above its industry range.

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

CNH

Capital Goods industry group

46.24

Max: 59.38
CNH: 46.24
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Axon Enterprise (AXON) vs. CNH Industrial (CNH): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

CNH Industrial (CNH) at 1.02 looks cheap on sales in the lower P/S ratio quartile, while Axon Enterprise (AXON) at 7.46 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

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

CNH

Capital Goods industry group

1.02

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
CNH: 1.02
Min: 0.03

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

P/B Ratio (MRQ)

CNH Industrial (CNH) at 1.84 is valued about in line with its industry on P/B ratio, while Axon Enterprise (AXON) at 6.74 carries an above-peer premium to book — AXON is pricier on assets.

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

CNH

Capital Goods industry group

1.84

Max: 9.66
Q3: 5.00
Median: 3.12
CNH: 1.84
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and CNH Industrial (CNH)
Metric	AXON	CNH
P/E Ratio (TTM)	100.64	46.24
P/S Ratio (TTM)	7.46	1.02
P/B Ratio (MRQ)	6.74	1.84
Free Cash Flow Yield (TTM)	0.38%	3.03%