AXON vs. MAIR: Axon Enterprise vs. Madison Air Stock Comparison
How do Axon Enterprise (AXON) and Madison Air (MAIR) 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 Madison Air (MAIR) both fall under the Capital Goods industry group, but AXON is classified in Aerospace & Defense while MAIR is classified in Building Products.
Axon Enterprise (AXON) has been public since June 19, 2001, giving it decades of market history across multiple cycles, while Madison Air (MAIR) listed only on April 16, 2026 and lacks comparable through-cycle data.
| Profile Item | AXON | MAIR |
|---|---|---|
| Name | Axon Enterprise, Inc. | Madison Air Solutions Corporation Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Aerospace & Defense | Building Products |
| GICS Sub-Industry | Aerospace & Defense | Building Products |
| Market Capitalization | 25.49 billion USD | 11.56 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | June 19, 2001 | April 16, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AXON | MAIR |
|---|---|---|
| Total Return (1Y) | -48.97% | -- |
| Total Return (3Y, Annualized) | 12.54% | -- |
| Total Return (5Y, Annualized) | 11.75% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AXON | MAIR |
|---|---|---|
| Volatility (1Y, Annualized) | 64.30% | 57.10% |
| Beta (5Y) | 1.55 | 1.60 |
| Max Drawdown (5Y) | -64.70% | -51.16% |
| Avg. Volume (3M) | 1.06M | 2.60M |
Risk-Adjusted Performance
Risk-Return Positioning
Both AXON and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | AXON | MAIR |
|---|---|---|
| Sharpe Ratio (1Y) | -0.83 | -- |
| Sortino Ratio (1Y) | -1.14 | -- |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Axon Enterprise (AXON) earns 7.61% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.
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%
MAIR
Capital Goods industry group
--
- Max
- 40.55%
- Q3
- 19.29%
- Median
- 12.12%
- Q1
- 4.08%
- Min
- -17.12%
- MAIR
- --
Net Margin (TTM)
Both Axon Enterprise (AXON) at 7.57% and Madison Air (MAIR) at 3.73% 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%
MAIR
Capital Goods industry group
3.73%
- Max
- 27.47%
- Q3
- 12.10%
- Median
- 6.30%
- MAIR
- 3.73%
- Q1
- 1.40%
- Min
- -12.89%
Operating Margin (TTM)
Madison Air (MAIR) at 19.76% 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%
MAIR
Capital Goods industry group
19.76%
- Max
- 36.60%
- MAIR
- 19.76%
- Q3
- 18.33%
- Median
- 11.12%
- Q1
- 5.14%
- Min
- -12.63%
Profitability Metrics
| Metric | AXON | MAIR |
|---|---|---|
| ROE (TTM) | 7.61% | -- |
| ROA (TTM) | 0.81% | -- |
| Net Margin (TTM) | 7.57% | 3.73% |
| Operating Margin (TTM) | 4.63% | 19.76% |
| Gross Margin (TTM) | 58.64% | 39.06% |
Growth
Revenue Growth
Both Axon Enterprise (AXON) at 33.47% and Madison Air (MAIR) at 34.07% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Madison Air (MAIR) at -2.32% is around its peer norm for EPS growth, while Axon Enterprise (AXON) at -68.54% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | AXON | MAIR |
|---|---|---|
| Revenue Growth (YoY) | 33.47% | 34.07% |
| Revenue Growth (3Y CAGR) | 32.79% | -- |
| EPS Growth (YoY) | -68.54% | -2.32% |
| EPS Growth (3Y CAGR) | -9.39% | -- |
Financial Strength
Current Ratio (MRQ)
Madison Air (MAIR) at 1.82 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
MAIR
Capital Goods industry group
1.82
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- MAIR
- 1.82
- Q1
- 1.43
- Min
- 0.36
Debt / Equity (MRQ)
Both Axon Enterprise (AXON) at 0.79 and Madison Air (MAIR) at 0.87 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
MAIR
Capital Goods industry group
0.87
- Max
- 2.33
- Q3
- 1.12
- MAIR
- 0.87
- Median
- 0.60
- Q1
- 0.29
- Min
- 0.00
Financial Strength Metrics
| Metric | AXON | MAIR |
|---|---|---|
| Current Ratio (MRQ) | 3.00 | 1.82 |
| Debt / Equity (MRQ) | 0.79 | 0.87 |
| Net Debt / EBITDA | 5.98 | 3.37 |
Dividends
Dividend Yield (TTM)
Neither Axon Enterprise (AXON) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
MAIR
Capital Goods industry group
0.00%
- Max
- 2.66%
- Q3
- 1.14%
- Median
- 0.24%
- MAIR
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Axon Enterprise (AXON) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
MAIR
Capital Goods industry group
0.00%
- Max
- 67.39%
- Q3
- 28.02%
- Median
- 6.86%
- MAIR
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AXON | MAIR |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Axon Enterprise (AXON) at 100.64 and Madison Air (MAIR) at 164.57 trade above their industries’ P/E ratio peer ranges, pointing to unusually expensive trailing earnings relative to peers.
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
MAIR
Capital Goods industry group
164.57
- MAIR
- 164.57
- Max
- 59.38
- Q3
- 35.92
- Median
- 25.41
- Q1
- 19.47
- Min
- 3.03
P/S Ratio (TTM)
Madison Air (MAIR) at 3.09 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
MAIR
Capital Goods industry group
3.09
- Max
- 7.54
- Q3
- 3.76
- MAIR
- 3.09
- Median
- 2.15
- Q1
- 1.03
- Min
- 0.03
P/B Ratio (MRQ)
Madison Air (MAIR) at 3.17 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
MAIR
Capital Goods industry group
3.17
- Max
- 9.66
- Q3
- 5.00
- MAIR
- 3.17
- Median
- 3.12
- Q1
- 1.81
- Min
- -1.08
Valuation Metrics
| Metric | AXON | MAIR |
|---|---|---|
| P/E Ratio (TTM) | 100.64 | 164.57 |
| P/S Ratio (TTM) | 7.46 | 3.09 |
| P/B Ratio (MRQ) | 6.74 | 3.17 |
| Free Cash Flow Yield (TTM) | 0.38% | -- |