AXON vs. HWM: Axon Enterprise vs. Howmet Aerospace Stock Comparison

November 11, 2026

How do Axon Enterprise (AXON) and Howmet Aerospace (HWM) 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 Howmet Aerospace (HWM) 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 Howmet Aerospace (HWM)
Profile Item	AXON	HWM
Name	Axon Enterprise, Inc.	Howmet Aerospace Inc.
Country/Region	United States	United States
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	81.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 19, 2001	November 1, 2016
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AXON

HWM

GSPC

Axon Enterprise (AXON) vs. Howmet Aerospace (HWM), 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 Howmet Aerospace (HWM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and Howmet Aerospace (HWM)
Metric	AXON	HWM
Total Return (1Y)	-48.97%	5.06%
Total Return (3Y, Annualized)	12.54%	64.83%
Total Return (5Y, Annualized)	11.75%	46.04%

Risk Profile

Drawdown History

AXON

HWM

GSPC

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

Risk Metrics

Risk profile metrics for Axon Enterprise (AXON) and Howmet Aerospace (HWM)
Metric	AXON	HWM
Volatility (1Y, Annualized)	64.30%	37.60%
Beta (5Y)	1.55	1.27
Max Drawdown (5Y)	-64.70%	-36.47%
Avg. Volume (3M)	1.06M	3.47M

Risk-Adjusted Performance

Risk-Return Positioning

AXON and HWM 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 Howmet Aerospace (HWM)
Metric	AXON	HWM
Sharpe Ratio (1Y)	-0.83	0.02
Sortino Ratio (1Y)	-1.14	0.03

Profitability

ROE (TTM)

Howmet Aerospace (HWM) at 37.65% sits in the top ROE quartile, while Axon Enterprise (AXON) at 7.61% is closer to the peer norm — stronger capital efficiency for HWM.

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%

HWM

Capital Goods industry group

37.65%

Max: 40.55%
HWM: 37.65%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Howmet Aerospace (HWM) at 21.10% 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%

HWM

Capital Goods industry group

21.10%

Max: 27.47%
HWM: 21.10%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Howmet Aerospace (HWM) at 28.78% 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%

HWM

Capital Goods industry group

28.78%

Max: 36.60%
HWM: 28.78%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and Howmet Aerospace (HWM)
Metric	AXON	HWM
ROE (TTM)	7.61%	37.65%
ROA (TTM)	0.81%	13.97%
Net Margin (TTM)	7.57%	21.10%
Operating Margin (TTM)	4.63%	28.78%
Gross Margin (TTM)	58.64%	36.63%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while Howmet Aerospace (HWM) at 11.06% is closer to the peer norm — faster top-line expansion for AXON.

Axon Enterprise (AXON) vs. Howmet Aerospace (HWM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Howmet Aerospace (HWM) at 32.03% 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. Howmet Aerospace (HWM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and Howmet Aerospace (HWM)
Metric	AXON	HWM
Revenue Growth (YoY)	33.47%	11.06%
Revenue Growth (3Y CAGR)	32.79%	13.37%
EPS Growth (YoY)	-68.54%	32.03%
EPS Growth (3Y CAGR)	-9.39%	49.51%

Financial Strength

Current Ratio (MRQ)

Howmet Aerospace (HWM) at 1.86 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

HWM

Capital Goods industry group

1.86

Max: 5.22
Q3: 2.95
Median: 2.08
HWM: 1.86
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Axon Enterprise (AXON) at 0.79 and Howmet Aerospace (HWM) at 0.80 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

HWM

Capital Goods industry group

0.80

Max: 2.33
Q3: 1.12
HWM: 0.80
Median: 0.60
Q1: 0.29
Min: 0.00

Axon Enterprise (AXON) vs. Howmet Aerospace (HWM): 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 Howmet Aerospace (HWM)
Metric	AXON	HWM
Current Ratio (MRQ)	3.00	1.86
Debt / Equity (MRQ)	0.79	0.80
Net Debt / EBITDA	5.98	1.35

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 Howmet Aerospace (HWM) reports a yield of 0.25%, 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%

HWM

Capital Goods industry group

0.25%

Max: 2.66%
Q3: 1.14%
HWM: 0.25%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Axon Enterprise (AXON) vs. Howmet Aerospace (HWM): 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 Howmet Aerospace (HWM) reports a payout of 9.80%, 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%

HWM

Capital Goods industry group

9.80%

Max: 67.39%
Q3: 28.02%
HWM: 9.80%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Axon Enterprise (AXON) and Howmet Aerospace (HWM)
Metric	AXON	HWM
Dividend Yield (TTM)	0.00%	0.25%
Dividend Payout Ratio (TTM)	0.00%	9.80%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Howmet Aerospace (HWM) at 40.35 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

HWM

Capital Goods industry group

40.35

Max: 59.38
HWM: 40.35
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

Both look expensive on sales: Axon Enterprise (AXON) at 7.46 sits in the upper P/S ratio quartile, and Howmet Aerospace (HWM) at 8.41 prices even higher, above its industry range.

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

HWM

Capital Goods industry group

8.41

HWM: 8.41
Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Axon Enterprise (AXON) vs. Howmet Aerospace (HWM): 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 Howmet Aerospace (HWM) at 14.20 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

HWM

Capital Goods industry group

14.20

HWM: 14.20
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and Howmet Aerospace (HWM)
Metric	AXON	HWM
P/E Ratio (TTM)	100.64	40.35
P/S Ratio (TTM)	7.46	8.41
P/B Ratio (MRQ)	6.74	14.20
Free Cash Flow Yield (TTM)	0.38%	1.58%