Axon Enterprise, Inc. AXON NASDAQ

Axon Enterprise, Inc. (AXON) generated $211.34M in operating cash flow for fiscal year 2025. After capital expenditures of $136.26M, free cash flow was $75.08M.

Free cash flow margin was 2.7% of revenue. Cash conversion ratio was 1.7x, indicating earnings are backed by cash.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (76/100, Pass) — $75.08M (2.7% FCF margin) supports a durable competitive advantage
• INCOME (30/100) — Cash conversion ratio was 1.7x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 70/100 with 4/7 criteria passed.