Axon Enterprise, Inc. (AXON) vs L3Harris Technologies, Inc. (LHX)
A side-by-side comparison of Axon Enterprise, Inc. and L3Harris Technologies, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.
AXON
Axon Enterprise, Inc.
$627.75IndustrialsAt close: Aug 21, 2026, 4:00 PM ET
LHX
L3Harris Technologies, Inc.
$266.73IndustrialsAt close: Aug 21, 2026, 4:00 PM ET
Total return — AXON vs LHX
growth of $100 · dividends reinvested · last 10yAXON +2101.9% (+36.2%/yr)LHX +254.5% (+13.5%/yr)AXON compounded faster over this window
Log scale — wide-divergence pair
AXON LHX
AXON vs LHX: by the numbers
- •AXON is the larger company ($50.60B vs $49.67B market cap).
- •LHX trades at the lower trailing earnings multiple (26.94 vs 260.25 P/E), one valuation lens rather than an overall verdict.
- •LHX converts more revenue to profit (8.17% vs 6.20% net margin).
- •AXON grew revenue faster over the past five years (31.90% vs 4.55% CAGR).
- •LHX pays a dividend (1.84% yield), while AXON has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AXON | LHX |
|---|---|---|
| P/E ratio | 260.25 | 26.94 |
| Forward P/E | 81.49 | 25.05 |
| P/S ratio | 16.09 | 2.19 |
| P/B ratio | 14.10 | 2.41 |
| EV / EBITDA | 281.63 | 17.09 |
| FCF yield | 0.26% | 5.59% |
Profitability
| Metric | AXON | LHX |
|---|---|---|
| Gross margin | 59.41% | 25.48% |
| Operating margin | 2.61% | 10.04% |
| Net margin | 6.20% | 8.17% |
| ROE | 5.43% | 8.99% |
| ROIC | 1.09% | 5.30% |
Dividends
| Metric | AXON | LHX |
|---|---|---|
| Dividend yield | N/A | 1.84% |
| Payout ratio | N/A | 57.18% |
Growth (annualized)
| Metric | AXON | LHX |
|---|---|---|
| Revenue CAGR (5Y) | 31.90% | 4.55% |
| EPS CAGR (5Y) | 117.98% | -1.68% |
| FCF CAGR (5Y) | 21.08% | 2.78% |
| Total return CAGR (5Y) | 27.42% | 4.97% |
Frequently asked
- Which has the lower trailing P/E, AXON or LHX?
- LHX has the lower trailing P/E: AXON trades at 260.25 and LHX at 26.94. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AXON or LHX?
- Over the past five years, AXON grew revenue faster — AXON at a 31.90% CAGR versus LHX at 4.55%.
- Does AXON or LHX pay a bigger dividend?
- LHX pays a dividend (1.84% yield), while AXON has no payments in the available dividend history.
- Is AXON or LHX more profitable?
- LHX runs the higher net margin — AXON at 6.20% versus LHX at 8.17%.
- How have AXON and LHX total returns compared?
- Over the past 10 years, AXON delivered 35.93% and LHX delivered 13.47% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Axon Enterprise P/E ratioL3Harris Technologies P/E ratioL3Harris Technologies dividend yieldAxon Enterprise ROEL3Harris Technologies ROEAxon Enterprise operating marginL3Harris Technologies operating marginAxon Enterprise revenue growthL3Harris Technologies revenue growthAxon Enterprise free cash flowL3Harris Technologies free cash flow
Axon Enterprise & L3Harris Technologies appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.