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Axon Enterprise vs Smith & Wesson Brands: AXON and SWBI compared
Axon Enterprise is the larger company: $909M of revenue in its latest quarter (Q3 2026) against $113M for Smith & Wesson Brands (Q1 FY27). Smith & Wesson Brands is growing faster (+32% against +28% a year earlier). Axon Enterprise is more profitable, with an operating margin of 4.6% against 3.7%.
Where the money goes: AXON and SWBI
Axon Enterprise (AXON) · Q3 2026
Axon Enterprise, Q3 2026: revenue $909M (+28% year over year), operating margin 4.6%, net earnings $57.0M, operating cash flow $19.7M. The chart follows the revenue to costs, profit and cash.
Smith & Wesson Brands (SWBI) · Q1 FY27
Smith & Wesson Brands, Q1 FY27: revenue $113M (+32% year over year), operating margin 3.7%, net earnings $2.6M, operating cash flow −$8.8M. The chart follows the revenue to costs, profit and cash.
| Axon Enterprise (AXON) | Smith & Wesson Brands (SWBI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $909M | $113M |
| Revenue growth, Y/Y | +28% | +32% |
| Gross margin | 56.7% | 28.7% |
| Operating margin | 4.6% | 3.7% |
| Net earnings | $57.0M | $2.6M |
| Net margin | 6.3% | 2.3% |
| Operating cash flow | $19.7M | −$8.8M |
| Market value | $26.2B | — |
| P/E | 101.3× | — |
| Analysts’ mean target | $561.32 | — |
Where the revenue comes from
Axon Enterprise
- Product: $472M (52%)
- Service: $437M (48%)
Questions
Which is bigger, Axon Enterprise or Smith & Wesson Brands?
Axon Enterprise is the larger company: $909M of revenue in its latest quarter (Q3 2026) against $113M for Smith & Wesson Brands (Q1 FY27).
Is Axon Enterprise or Smith & Wesson Brands growing faster?
Smith & Wesson Brands is growing faster (+32% against +28% a year earlier).
Which is more profitable, Axon Enterprise or Smith & Wesson Brands?
Axon Enterprise is more profitable, with an operating margin of 4.6% against 3.7%.
More: Axon Enterprise earnings · how Axon Enterprise makes money · Smith & Wesson Brands earnings · how Smith & Wesson Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Sep 3, 2026). Fiscal quarters can end on different dates. Not investment advice.