AXON vs. FAST: Axon Enterprise vs. Fastenal Stock Comparison

November 11, 2026

How do Axon Enterprise (AXON) and Fastenal (FAST) 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 Fastenal (FAST) both fall under the Capital Goods industry group, but AXON is classified in Aerospace & Defense while FAST is classified in Trading Companies & Distributors.

Company profile comparison for Axon Enterprise (AXON) and Fastenal (FAST)
Profile Item	AXON	FAST
Name	Axon Enterprise, Inc.	Fastenal Co.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Trading Companies & Distributors
GICS Sub-Industry	Aerospace & Defense	Trading Companies & Distributors
Market Capitalization	25.49 billion USD	60.80 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 19, 2001	August 20, 1987
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AXON

FAST

GSPC

Axon Enterprise (AXON) vs. Fastenal (FAST), 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 Fastenal (FAST). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and Fastenal (FAST)
Metric	AXON	FAST
Total Return (1Y)	-48.97%	36.82%
Total Return (3Y, Annualized)	12.54%	25.71%
Total Return (5Y, Annualized)	11.75%	15.98%

Risk Profile

Drawdown History

AXON

FAST

GSPC

Axon Enterprise (AXON) vs. Fastenal (FAST), 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 Fastenal (FAST). 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 Fastenal (FAST) is defensive at 0.64 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Axon Enterprise (AXON) and Fastenal (FAST)
Metric	AXON	FAST
Volatility (1Y, Annualized)	64.30%	24.55%
Beta (5Y)	1.55	0.64
Max Drawdown (5Y)	-64.70%	-30.71%
Avg. Volume (3M)	1.06M	7.21M

Risk-Adjusted Performance

Risk-Return Positioning

AXON and FAST 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 Fastenal (FAST)
Metric	AXON	FAST
Sharpe Ratio (1Y)	-0.83	1.33
Sortino Ratio (1Y)	-1.14	2.00

Profitability

ROE (TTM)

Fastenal (FAST) at 35.26% sits in the top ROE quartile, while Axon Enterprise (AXON) at 7.61% is closer to the peer norm — stronger capital efficiency for FAST.

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%

FAST

Capital Goods industry group

35.26%

Max: 40.55%
FAST: 35.26%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Fastenal (FAST) at 15.62% retains a top-quartile share of revenue as profit, ahead of Axon Enterprise (AXON) at 7.57%, which keeps about the industry-typical share.

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%

FAST

Capital Goods industry group

15.62%

Max: 27.47%
FAST: 15.62%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Fastenal (FAST) at 21.55% carries a top-quartile operating margin, 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%

FAST

Capital Goods industry group

21.55%

Max: 36.60%
FAST: 21.55%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and Fastenal (FAST)
Metric	AXON	FAST
ROE (TTM)	7.61%	35.26%
ROA (TTM)	0.81%	21.97%
Net Margin (TTM)	7.57%	15.62%
Operating Margin (TTM)	4.63%	21.55%
Gross Margin (TTM)	58.64%	44.61%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while Fastenal (FAST) at 8.67% is closer to the peer norm — faster top-line expansion for AXON.

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

EPS Growth

Fastenal (FAST) at 9.00% is around its peer norm for EPS growth, while Axon Enterprise (AXON) at -68.54% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and Fastenal (FAST)
Metric	AXON	FAST
Revenue Growth (YoY)	33.47%	8.67%
Revenue Growth (3Y CAGR)	32.79%	5.52%
EPS Growth (YoY)	-68.54%	9.00%
EPS Growth (3Y CAGR)	-9.39%	4.87%

Financial Strength

Current Ratio (MRQ)

Both Axon Enterprise (AXON) at 3.00 and Fastenal (FAST) at 3.93 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

FAST

Capital Goods industry group

3.93

Max: 5.22
FAST: 3.93
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Fastenal (FAST) at 0.11 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

FAST

Capital Goods industry group

0.11

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
FAST: 0.11
Min: 0.00

Axon Enterprise (AXON) vs. Fastenal (FAST): 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 Fastenal (FAST)
Metric	AXON	FAST
Current Ratio (MRQ)	3.00	3.93
Debt / Equity (MRQ)	0.79	0.11
Net Debt / EBITDA	5.98	0.12

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 Fastenal (FAST) reports a yield of 1.81%, 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%

FAST

Capital Goods industry group

1.81%

Max: 2.66%
FAST: 1.81%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Axon Enterprise (AXON) vs. Fastenal (FAST): 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 Fastenal (FAST) reports a payout of 78.05%, 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%

FAST

Capital Goods industry group

78.05%

FAST: 78.05%
Max: 67.39%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Axon Enterprise (AXON) and Fastenal (FAST)
Metric	AXON	FAST
Dividend Yield (TTM)	0.00%	1.81%
Dividend Payout Ratio (TTM)	0.00%	78.05%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Fastenal (FAST) at 43.08 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

FAST

Capital Goods industry group

43.08

Max: 59.38
FAST: 43.08
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Axon Enterprise (AXON) vs. Fastenal (FAST): 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 Fastenal (FAST) at 6.70 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

FAST

Capital Goods industry group

6.70

Max: 7.54
FAST: 6.70
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Both look rich against book: Axon Enterprise (AXON) at 6.74 sits in the upper P/B ratio quartile, and Fastenal (FAST) at 14.65 prices even higher, above its industry range.

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

FAST

Capital Goods industry group

14.65

FAST: 14.65
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and Fastenal (FAST)
Metric	AXON	FAST
P/E Ratio (TTM)	100.64	43.08
P/S Ratio (TTM)	7.46	6.70
P/B Ratio (MRQ)	6.74	14.65
Free Cash Flow Yield (TTM)	0.38%	1.51%