AXON vs. MTZ: Axon Enterprise vs. MasTec Stock Comparison

November 11, 2026

How do Axon Enterprise (AXON) and MasTec (MTZ) 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 MasTec (MTZ) both fall under the Capital Goods industry group, but AXON is classified in Aerospace & Defense while MTZ is classified in Construction & Engineering.

Company profile comparison for Axon Enterprise (AXON) and MasTec (MTZ)
Profile Item	AXON	MTZ
Name	Axon Enterprise, Inc.	MasTec, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Construction & Engineering
GICS Sub-Industry	Aerospace & Defense	Construction & Engineering
Market Capitalization	25.49 billion USD	13.98 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 19, 2001	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AXON

MTZ

GSPC

Axon Enterprise (AXON) vs. MasTec (MTZ), 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 MasTec (MTZ). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and MasTec (MTZ)
Metric	AXON	MTZ
Total Return (1Y)	-48.97%	-7.45%
Total Return (3Y, Annualized)	12.54%	57.37%
Total Return (5Y, Annualized)	11.75%	13.96%

Risk Profile

Drawdown History

AXON

MTZ

GSPC

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

Risk Metrics

Risk profile metrics for Axon Enterprise (AXON) and MasTec (MTZ)
Metric	AXON	MTZ
Volatility (1Y, Annualized)	64.30%	55.99%
Beta (5Y)	1.55	1.91
Max Drawdown (5Y)	-64.70%	-63.67%
Avg. Volume (3M)	1.06M	1.63M

Risk-Adjusted Performance

Risk-Return Positioning

AXON and MTZ 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 MasTec (MTZ)
Metric	AXON	MTZ
Sharpe Ratio (1Y)	-0.83	-0.21
Sortino Ratio (1Y)	-1.14	-0.28

Profitability

ROE (TTM)

Both Axon Enterprise (AXON) at 7.61% and MasTec (MTZ) at 14.53% 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%

MTZ

Capital Goods industry group

14.53%

Max: 40.55%
Q3: 19.29%
MTZ: 14.53%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Axon Enterprise (AXON) at 7.57% and MasTec (MTZ) at 2.80% 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%

MTZ

Capital Goods industry group

2.80%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
MTZ: 2.80%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

MasTec (MTZ) at 5.64% 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%

MTZ

Capital Goods industry group

5.64%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
MTZ: 5.64%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and MasTec (MTZ)
Metric	AXON	MTZ
ROE (TTM)	7.61%	14.53%
ROA (TTM)	0.81%	4.43%
Net Margin (TTM)	7.57%	2.80%
Operating Margin (TTM)	4.63%	5.64%
Gross Margin (TTM)	58.64%	12.74%

Growth

Revenue Growth

Axon Enterprise (AXON) at 33.47% sits in the top revenue growth quartile, while MasTec (MTZ) at 16.22% is closer to the peer norm — faster top-line expansion for AXON.

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

EPS Growth

MasTec (MTZ) at 146.12% delivers above-range EPS growth, while Axon Enterprise (AXON) at -68.54% falls into the bottom quartile — a wide split in earnings momentum.

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

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and MasTec (MTZ)
Metric	AXON	MTZ
Revenue Growth (YoY)	33.47%	16.22%
Revenue Growth (3Y CAGR)	32.79%	13.51%
EPS Growth (YoY)	-68.54%	146.12%
EPS Growth (3Y CAGR)	-9.39%	129.40%

Financial Strength

Current Ratio (MRQ)

Axon Enterprise (AXON) at 3.00 carries current ratio above its industry’s typical mid-range, while MasTec (MTZ) at 1.39 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

MTZ

Capital Goods industry group

1.39

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
MTZ: 1.39
Min: 0.36

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

Debt / Equity (MRQ)

Axon Enterprise (AXON) at 0.79 carries an industry-typical debt-to-equity mix, while MasTec (MTZ) at 1.12 uses more debt funding than most peers.

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

MTZ

Capital Goods industry group

1.12

Max: 2.33
MTZ: 1.12
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Axon Enterprise (AXON) vs. MasTec (MTZ): 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 MasTec (MTZ)
Metric	AXON	MTZ
Current Ratio (MRQ)	3.00	1.39
Debt / Equity (MRQ)	0.79	1.12
Net Debt / EBITDA	5.98	3.08

Dividends

Dividend Yield (TTM)

Neither Axon Enterprise (AXON) nor MasTec (MTZ) 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%

MTZ

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
MTZ: 0.00%
Q1: 0.00%
Min: 0.00%

Axon Enterprise (AXON) vs. MasTec (MTZ): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Axon Enterprise (AXON) nor MasTec (MTZ) 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%

MTZ

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
MTZ: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Axon Enterprise (AXON) and MasTec (MTZ)
Metric	AXON	MTZ
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

MasTec (MTZ) at 28.40 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

MTZ

Capital Goods industry group

28.40

Max: 59.38
Q3: 35.92
MTZ: 28.40
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

MasTec (MTZ) at 0.81 looks cheap on sales in the lower P/S ratio quartile, while Axon Enterprise (AXON) at 7.46 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

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

MTZ

Capital Goods industry group

0.81

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
MTZ: 0.81
Min: 0.03

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

P/B Ratio (MRQ)

MasTec (MTZ) at 3.35 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

MTZ

Capital Goods industry group

3.35

Max: 9.66
Q3: 5.00
MTZ: 3.35
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and MasTec (MTZ)
Metric	AXON	MTZ
P/E Ratio (TTM)	100.64	28.40
P/S Ratio (TTM)	7.46	0.81
P/B Ratio (MRQ)	6.74	3.35
Free Cash Flow Yield (TTM)	0.38%	1.00%