AXON vs. DE: Axon Enterprise vs. Deere Stock Comparison

November 11, 2026

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

Company profile comparison for Axon Enterprise (AXON) and Deere (DE)
Profile Item	AXON	DE
Name	Axon Enterprise, Inc.	Deere & Company
Country/Region	United States	United States
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	181.09 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 19, 2001	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AXON

GSPC

Axon Enterprise (AXON) vs. Deere (DE), 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 Deere (DE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and Deere (DE)
Metric	AXON	DE
Total Return (1Y)	-48.97%	49.27%
Total Return (3Y, Annualized)	12.54%	24.81%
Total Return (5Y, Annualized)	11.75%	15.67%

Risk Profile

Drawdown History

AXON

GSPC

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

Risk Metrics

Risk profile metrics for Axon Enterprise (AXON) and Deere (DE)
Metric	AXON	DE
Volatility (1Y, Annualized)	64.30%	33.18%
Beta (5Y)	1.55	0.88
Max Drawdown (5Y)	-64.70%	-33.81%
Avg. Volume (3M)	1.06M	1.23M

Risk-Adjusted Performance

Risk-Return Positioning

AXON and DE 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 Deere (DE)
Metric	AXON	DE
Sharpe Ratio (1Y)	-0.83	1.36
Sortino Ratio (1Y)	-1.14	2.26

Profitability

ROE (TTM)

Both Axon Enterprise (AXON) at 7.61% and Deere (DE) at 18.24% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

DE

Capital Goods industry group

18.24%

Max: 40.55%
Q3: 19.29%
DE: 18.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Axon Enterprise (AXON) at 7.57% and Deere (DE) at 10.17% 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%

DE

Capital Goods industry group

10.17%

Max: 27.47%
Q3: 12.10%
DE: 10.17%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Deere (DE) at 13.37% 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%

DE

Capital Goods industry group

13.37%

Max: 36.60%
Q3: 18.33%
DE: 13.37%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and Deere (DE)
Metric	AXON	DE
ROE (TTM)	7.61%	18.24%
ROA (TTM)	0.81%	3.76%
Net Margin (TTM)	7.57%	10.17%
Operating Margin (TTM)	4.63%	13.37%
Gross Margin (TTM)	58.64%	25.18%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while Deere (DE) at -11.59% is in the bottom quartile, showing a clear gap in revenue momentum.

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

EPS Growth

Both Axon Enterprise (AXON) at -68.54% and Deere (DE) at -27.79% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and Deere (DE)
Metric	AXON	DE
Revenue Growth (YoY)	33.47%	-11.59%
Revenue Growth (3Y CAGR)	32.79%	-4.50%
EPS Growth (YoY)	-68.54%	-27.79%
EPS Growth (3Y CAGR)	-9.39%	-7.37%

Financial Strength

Current Ratio (MRQ)

Deere (DE) at 2.13 keeps current ratio within its industry’s typical mid-range, while Axon Enterprise (AXON) at 3.00 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

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

DE

Capital Goods industry group

2.13

Max: 5.22
Q3: 2.95
DE: 2.13
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Axon Enterprise (AXON) at 0.79 carries an industry-typical debt-to-equity mix, while Deere (DE) at 2.30 uses more debt funding than most peers.

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

DE

Capital Goods industry group

2.30

Max: 2.33
DE: 2.30
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Axon Enterprise (AXON) vs. Deere (DE): 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 Deere (DE)
Metric	AXON	DE
Current Ratio (MRQ)	3.00	2.13
Debt / Equity (MRQ)	0.79	2.30
Net Debt / EBITDA	5.98	6.70

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 Deere (DE) reports a yield of 0.98%, 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%

DE

Capital Goods industry group

0.98%

Max: 2.66%
Q3: 1.14%
DE: 0.98%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Axon Enterprise (AXON) vs. Deere (DE): 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 Deere (DE) reports a payout of 36.02%, 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%

DE

Capital Goods industry group

36.02%

Max: 67.39%
DE: 36.02%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Axon Enterprise (AXON) and Deere (DE)
Metric	AXON	DE
Dividend Yield (TTM)	0.00%	0.98%
Dividend Payout Ratio (TTM)	0.00%	36.02%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Deere (DE) at 37.33 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

DE

Capital Goods industry group

37.33

Max: 59.38
DE: 37.33
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

Both Axon Enterprise (AXON) at 7.46 and Deere (DE) at 3.78 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

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

DE

Capital Goods industry group

3.78

Max: 7.54
DE: 3.78
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Both Axon Enterprise (AXON) at 6.74 and Deere (DE) at 6.47 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

DE

Capital Goods industry group

6.47

Max: 9.66
DE: 6.47
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and Deere (DE)
Metric	AXON	DE
P/E Ratio (TTM)	100.64	37.33
P/S Ratio (TTM)	7.46	3.78
P/B Ratio (MRQ)	6.74	6.47
Free Cash Flow Yield (TTM)	0.38%	2.49%