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AXON vs. MMM: Axon Enterprise vs. 3M Stock Comparison

How do Axon Enterprise (AXON) and 3M (MMM) 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 3M (MMM) both fall under the Capital Goods industry group, but AXON is classified in Aerospace & Defense while MMM is classified in Industrial Conglomerates.

Company profile comparison for Axon Enterprise (AXON) and 3M (MMM)
Profile ItemAXONMMM
NameAxon Enterprise, Inc.3M Company
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryAerospace & DefenseIndustrial Conglomerates
GICS Sub-IndustryAerospace & DefenseIndustrial Conglomerates
Market Capitalization25.49 billion USD95.67 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJune 19, 2001January 2, 1962
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AXON
MMM
GSPC
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Axon Enterprise (AXON) vs. 3M (MMM), 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 3M (MMM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Axon Enterprise (AXON) and 3M (MMM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and 3M (MMM)
MetricAXONMMM
Total Return (1Y)-48.97%16.26%
Total Return (3Y, Annualized)12.54%38.64%
Total Return (5Y, Annualized)11.75%8.14%

Risk Profile

Drawdown History

AXON
MMM
GSPC
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Axon Enterprise (AXON) vs. 3M (MMM), 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 3M (MMM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Axon Enterprise (AXON) and 3M (MMM)
MetricAXONMMM
Volatility (1Y, Annualized)64.30%27.61%
Beta (5Y)1.550.97
Max Drawdown (5Y)-64.70%-48.86%
Avg. Volume (3M)1.06M3.14M

Risk-Adjusted Performance

Risk-Return Positioning

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AXON and MMM 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 3M (MMM)
MetricAXONMMM
Sharpe Ratio (1Y)-0.830.43
Sortino Ratio (1Y)-1.140.70

Profitability

ROE (TTM)

3M (MMM) at 72.97% clears its industry range for ROE, a sharper capital-efficiency signal than Axon Enterprise (AXON) at 7.61%, which is closer to a typical peer reading.

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%

MMM

Capital Goods industry group

72.97%

MMM
72.97%
Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

3M (MMM) at 14.01% 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%

MMM

Capital Goods industry group

14.01%

Max
27.47%
MMM
14.01%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

3M (MMM) at 23.69% 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%

MMM

Capital Goods industry group

23.69%

Max
36.60%
MMM
23.69%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and 3M (MMM)
MetricAXONMMM
ROE (TTM)7.61%72.97%
ROA (TTM)0.81%8.22%
Net Margin (TTM)7.57%14.01%
Operating Margin (TTM)4.63%23.69%
Gross Margin (TTM)58.64%39.53%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while 3M (MMM) at 1.52% is in the bottom quartile, showing a clear gap in revenue momentum.

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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their Revenue Growth across different time periods.

EPS Growth

3M (MMM) at -20.53% is around its peer norm for EPS growth, while Axon Enterprise (AXON) at -68.54% drops into the bottom quartile, signaling weaker earnings momentum.

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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and 3M (MMM)
MetricAXONMMM
Revenue Growth (YoY)33.47%1.52%
Revenue Growth (3Y CAGR)32.79%-1.57%
EPS Growth (YoY)-68.54%-20.53%
EPS Growth (3Y CAGR)-9.39%-16.16%

Financial Strength

Current Ratio (MRQ)

Axon Enterprise (AXON) at 3.00 carries current ratio above its industry’s typical mid-range, while 3M (MMM) at 1.41 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

MMM

Capital Goods industry group

1.41

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
MMM
1.41
Min
0.36
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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Axon Enterprise (AXON) at 0.79 is near its industry mid-range for debt-to-equity ratio, while 3M (MMM) at 3.04 sits above its benchmark range, pointing to a heavier debt load relative to equity.

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

MMM

Capital Goods industry group

3.04

MMM
3.04
Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
Min
0.00
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Axon Enterprise (AXON) vs. 3M (MMM): 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 3M (MMM)
MetricAXONMMM
Current Ratio (MRQ)3.001.41
Debt / Equity (MRQ)0.793.04
Net Debt / EBITDA5.981.26

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 3M (MMM) reports a yield of 1.64%, 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%

MMM

Capital Goods industry group

1.64%

Max
2.66%
MMM
1.64%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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Axon Enterprise (AXON) vs. 3M (MMM): 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 3M (MMM) reports a payout of 45.82%, 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%

MMM

Capital Goods industry group

45.82%

Max
67.39%
MMM
45.82%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Axon Enterprise (AXON) and 3M (MMM)
MetricAXONMMM
Dividend Yield (TTM)0.00%1.64%
Dividend Payout Ratio (TTM)0.00%45.82%

Valuation

P/E Ratio (TTM)

3M (MMM) at 27.63 is near its industry’s usual P/E ratio, while Axon Enterprise (AXON) at 100.64 sits above its peer range — an unusually expensive price for AXON’s trailing earnings.

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

MMM

Capital Goods industry group

27.63

Max
59.38
Q3
35.92
MMM
27.63
Median
25.41
Q1
19.47
Min
3.03
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Axon Enterprise (AXON) vs. 3M (MMM): 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 3M (MMM) at 3.79 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

MMM

Capital Goods industry group

3.79

Max
7.54
MMM
3.79
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Axon Enterprise (AXON) vs. 3M (MMM): 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 3M (MMM) at 23.18 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

MMM

Capital Goods industry group

23.18

MMM
23.18
Max
9.66
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Axon Enterprise (AXON) vs. 3M (MMM): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and 3M (MMM)
MetricAXONMMM
P/E Ratio (TTM)100.6427.63
P/S Ratio (TTM)7.463.79
P/B Ratio (MRQ)6.7423.18
Free Cash Flow Yield (TTM)0.38%6.66%