AXON vs. NXT: Axon Enterprise vs. Nextracker Stock Comparison

November 11, 2026

How do Axon Enterprise (AXON) and Nextracker (NXT) 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 Nextracker (NXT) both fall under the Capital Goods industry group, but AXON is classified in Aerospace & Defense while NXT is classified in Electrical Equipment.

Axon Enterprise (AXON) has more than two decades of public-market history since June 19, 2001, whereas Nextracker (NXT) listed on February 9, 2023 and has a much shorter record to draw on.

Company profile comparison for Axon Enterprise (AXON) and Nextracker (NXT)
Profile Item	AXON	NXT
Name	Axon Enterprise, Inc.	Nextpower Inc. 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	Electrical Equipment
GICS Sub-Industry	Aerospace & Defense	Electrical Components & Equipment
Market Capitalization	25.49 billion USD	16.00 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 19, 2001	February 9, 2023
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AXON

NXT

GSPC

Axon Enterprise (AXON) vs. Nextracker (NXT), 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 Nextracker (NXT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Axon Enterprise (AXON) and Nextracker (NXT)
Metric	AXON	NXT
Total Return (1Y)	-48.97%	0.06%
Total Return (3Y, Annualized)	12.54%	45.51%
Total Return (5Y, Annualized)	11.75%	--

Risk Profile

Drawdown History

AXON

NXT

GSPC

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

Risk Metrics

Risk profile metrics for Axon Enterprise (AXON) and Nextracker (NXT)
Metric	AXON	NXT
Volatility (1Y, Annualized)	64.30%	68.10%
Beta (5Y)	1.55	1.66
Max Drawdown (5Y)	-64.70%	-51.10%
Avg. Volume (3M)	1.06M	2.38M

Risk-Adjusted Performance

Risk-Return Positioning

AXON and NXT 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 Nextracker (NXT)
Metric	AXON	NXT
Sharpe Ratio (1Y)	-0.83	-0.06
Sortino Ratio (1Y)	-1.14	-0.09

Profitability

ROE (TTM)

Nextracker (NXT) at 26.46% sits in the top ROE quartile, while Axon Enterprise (AXON) at 7.61% is closer to the peer norm — stronger capital efficiency for NXT.

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%

NXT

Capital Goods industry group

26.46%

Max: 40.55%
NXT: 26.46%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Nextracker (NXT) at 15.98% 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%

NXT

Capital Goods industry group

15.98%

Max: 27.47%
NXT: 15.98%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Nextracker (NXT) at 20.06% 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%

NXT

Capital Goods industry group

20.06%

Max: 36.60%
NXT: 20.06%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Axon Enterprise (AXON) and Nextracker (NXT)
Metric	AXON	NXT
ROE (TTM)	7.61%	26.46%
ROA (TTM)	0.81%	10.75%
Net Margin (TTM)	7.57%	15.98%
Operating Margin (TTM)	4.63%	20.06%
Gross Margin (TTM)	58.64%	21.84%

Growth

Revenue Growth

Both Axon Enterprise (AXON) at 33.47% and Nextracker (NXT) at 20.28% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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

EPS Growth

Nextracker (NXT) at 10.66% 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. Nextracker (NXT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Axon Enterprise (AXON) and Nextracker (NXT)
Metric	AXON	NXT
Revenue Growth (YoY)	33.47%	20.28%
Revenue Growth (3Y CAGR)	32.79%	23.23%
EPS Growth (YoY)	-68.54%	10.66%
EPS Growth (3Y CAGR)	-9.39%	476.90%

Financial Strength

Current Ratio (MRQ)

Nextracker (NXT) at 2.23 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

NXT

Capital Goods industry group

2.23

Max: 5.22
Q3: 2.95
NXT: 2.23
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Nextracker (NXT) at 0.02 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

NXT

Capital Goods industry group

0.02

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
NXT: 0.02
Min: 0.00

Axon Enterprise (AXON) vs. Nextracker (NXT): 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 Nextracker (NXT)
Metric	AXON	NXT
Current Ratio (MRQ)	3.00	2.23
Debt / Equity (MRQ)	0.79	0.02
Net Debt / EBITDA	5.98	-1.30

Dividends

Dividend Yield (TTM)

Neither Axon Enterprise (AXON) nor Nextracker (NXT) 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%

NXT

Capital Goods industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

Neither Axon Enterprise (AXON) nor Nextracker (NXT) 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%

NXT

Capital Goods industry group

0.00%

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

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

Dividend Metrics

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

Valuation

P/E Ratio (TTM)

Nextracker (NXT) at 26.42 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

NXT

Capital Goods industry group

26.42

Max: 59.38
Q3: 35.92
NXT: 26.42
Median: 25.41
Q1: 19.47
Min: 3.03

Axon Enterprise (AXON) vs. Nextracker (NXT): 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 Nextracker (NXT) at 4.17 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

NXT

Capital Goods industry group

4.17

Max: 7.54
NXT: 4.17
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Both Axon Enterprise (AXON) at 6.74 and Nextracker (NXT) at 5.98 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

NXT

Capital Goods industry group

5.98

Max: 9.66
NXT: 5.98
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Axon Enterprise (AXON) and Nextracker (NXT)
Metric	AXON	NXT
P/E Ratio (TTM)	100.64	26.42
P/S Ratio (TTM)	7.46	4.17
P/B Ratio (MRQ)	6.74	5.98
Free Cash Flow Yield (TTM)	0.38%	2.32%