AXON vs. ESLT: Axon Enterprise vs. Elbit Systems Stock Comparison

November 11, 2026

How do Axon Enterprise (AXON) and Elbit Systems (ESLT) 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 Elbit Systems (ESLT) are both classified in the Aerospace & Defense sub-industry within the broader Aerospace & Defense industry, placing them in the closest GICS peer bucket.

Company profile comparison for Axon Enterprise (AXON) and Elbit Systems (ESLT)
Profile Item	AXON	ESLT
Name	Axon Enterprise, Inc.	Elbit Systems Ltd.
Country/Region	United States	Israel
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense	Aerospace & Defense
Market Capitalization	25.49 billion USD	32.00 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 19, 2001	November 27, 1996
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AXON

ESLT

GSPC

Axon Enterprise (AXON) vs. Elbit Systems (ESLT), 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 Elbit Systems (ESLT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and Elbit Systems (ESLT)
Metric	AXON	ESLT
Total Return (1Y)	-48.97%	55.34%
Total Return (3Y, Annualized)	12.54%	57.29%
Total Return (5Y, Annualized)	11.75%	37.24%

Risk Profile

Drawdown History

AXON

ESLT

GSPC

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

Risk Metrics

Axon Enterprise (AXON) has an aggressive beta of 1.55, indicating higher sensitivity to broad-market moves, while Elbit Systems (ESLT) is defensive at 0.10 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Axon Enterprise (AXON) trades around 1.06M shares per day on average, while Elbit Systems (ESLT) sees only 88.09K — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for Axon Enterprise (AXON) and Elbit Systems (ESLT)
Metric	AXON	ESLT
Volatility (1Y, Annualized)	64.30%	47.34%
Beta (5Y)	1.55	0.10
Max Drawdown (5Y)	-64.70%	-35.54%
Avg. Volume (3M)	1.06M	88.09K

Risk-Adjusted Performance

Risk-Return Positioning

AXON and ESLT 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 Elbit Systems (ESLT)
Metric	AXON	ESLT
Sharpe Ratio (1Y)	-0.83	1.08
Sortino Ratio (1Y)	-1.14	1.76

Profitability

ROE (TTM)

Both Axon Enterprise (AXON) at 7.61% and Elbit Systems (ESLT) at 15.24% 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%

ESLT

Capital Goods industry group

15.24%

Max: 40.55%
Q3: 19.29%
ESLT: 15.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Axon Enterprise (AXON) at 7.57% and Elbit Systems (ESLT) at 7.44% 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%

ESLT

Capital Goods industry group

7.44%

Max: 27.47%
Q3: 12.10%
ESLT: 7.44%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Elbit Systems (ESLT) at 9.57% 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%

ESLT

Capital Goods industry group

9.57%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
ESLT: 9.57%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and Elbit Systems (ESLT)
Metric	AXON	ESLT
ROE (TTM)	7.61%	15.24%
ROA (TTM)	0.81%	3.87%
Net Margin (TTM)	7.57%	7.44%
Operating Margin (TTM)	4.63%	9.57%
Gross Margin (TTM)	58.64%	25.03%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while Elbit Systems (ESLT) at 16.27% is closer to the peer norm — faster top-line expansion for AXON.

Axon Enterprise (AXON) vs. Elbit Systems (ESLT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Elbit Systems (ESLT) at 58.64% sits in the top EPS growth quartile, while Axon Enterprise (AXON) at -68.54% is in the bottom quartile, showing a clear gap in earnings momentum.

Axon Enterprise (AXON) vs. Elbit Systems (ESLT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and Elbit Systems (ESLT)
Metric	AXON	ESLT
Revenue Growth (YoY)	33.47%	16.27%
Revenue Growth (3Y CAGR)	32.79%	12.93%
EPS Growth (YoY)	-68.54%	58.64%
EPS Growth (3Y CAGR)	-9.39%	22.61%

Financial Strength

Current Ratio (MRQ)

Axon Enterprise (AXON) at 3.00 carries current ratio above its industry’s typical mid-range, while Elbit Systems (ESLT) at 1.40 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

ESLT

Capital Goods industry group

1.40

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ESLT: 1.40
Min: 0.36

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

Debt / Equity (MRQ)

Elbit Systems (ESLT) at 0.19 keeps leverage in the lower industry quartile, while Axon Enterprise (AXON) at 0.79 runs a more typical debt-to-equity mix.

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

ESLT

Capital Goods industry group

0.19

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
ESLT: 0.19
Min: 0.00

Axon Enterprise (AXON) vs. Elbit Systems (ESLT): 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 Elbit Systems (ESLT)
Metric	AXON	ESLT
Current Ratio (MRQ)	3.00	1.40
Debt / Equity (MRQ)	0.79	0.19
Net Debt / EBITDA	5.98	-0.11

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 Elbit Systems (ESLT) reports a yield of 0.58%, 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%

ESLT

Capital Goods industry group

0.58%

Max: 2.66%
Q3: 1.14%
ESLT: 0.58%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Axon Enterprise (AXON) vs. Elbit Systems (ESLT): 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 Elbit Systems (ESLT) reports a payout of 23.33%, 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%

ESLT

Capital Goods industry group

23.33%

Max: 67.39%
Q3: 28.02%
ESLT: 23.33%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Axon Enterprise (AXON) and Elbit Systems (ESLT)
Metric	AXON	ESLT
Dividend Yield (TTM)	0.00%	0.58%
Dividend Payout Ratio (TTM)	0.00%	23.33%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Elbit Systems (ESLT) at 51.36 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

ESLT

Capital Goods industry group

51.36

Max: 59.38
ESLT: 51.36
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

Elbit Systems (ESLT) at 3.74 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.

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

ESLT

Capital Goods industry group

3.74

Max: 7.54
Q3: 3.76
ESLT: 3.74
Median: 2.15
Q1: 1.03
Min: 0.03

Axon Enterprise (AXON) vs. Elbit Systems (ESLT): 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 Elbit Systems (ESLT) at 7.24 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

ESLT

Capital Goods industry group

7.24

Max: 9.66
ESLT: 7.24
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and Elbit Systems (ESLT)
Metric	AXON	ESLT
P/E Ratio (TTM)	100.64	51.36
P/S Ratio (TTM)	7.46	3.74
P/B Ratio (MRQ)	6.74	7.24
Free Cash Flow Yield (TTM)	0.38%	-0.12%