Which has grown faster, AXON or NET?

Over the past five years, NET grew revenue faster — AXON at a 31.90% CAGR versus NET at 36.49%.

Is AXON or NET more profitable?

AXON runs the higher net margin — AXON at 6.20% versus NET at -8.21%.

How have AXON and NET total returns compared?

Over the past 5 years, AXON delivered 21.66% and NET delivered 19.17% annualized total return. Past performance doesn't predict future results.

Axon Enterprise, Inc. (AXON) vs Cloudflare, Inc. (NET)

A side-by-side comparison of Axon Enterprise, Inc. and Cloudflare, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

Different business models: AXON is classified in Industrials; NET is classified in Technology. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

AXON

Axon Enterprise, Inc.

$34.24B

$424.75IndustrialsDelayed quote: Sep 28, 2026, 4:00 PM EDT

NET

Cloudflare, Inc.

$125.72B

$354.21TechnologyDelayed quote: Sep 28, 2026, 4:00 PM EDT

Total return — AXON vs NET

growth of $100 · dividends reinvested · last 7y

AXON +691.4% (+34.4%/yr)NET +1602.9% (+49.9%/yr)NET compounded faster over this window

AXON NET

AXON vs NET: by the numbers

•NET is the larger company ($125.72B vs $34.24B market cap).
•AXON is profitable (6.20% net margin) while NET runs a net loss (-8.21%).
•NET grew revenue faster over the past five years (36.49% vs 31.90% CAGR).

Metrics side by side

Valuation

Metric	AXON	NET
P/E ratio	176.09	N/A
Forward P/E	55.07	280.80
P/S ratio	10.64	50.04
P/B ratio	9.32	77.61
EV / EBITDA	188.36	N/A
FCF yield	0.39%	0.30%

Profitability

Metric	AXON	NET
Gross margin	59.41%	72.58%
Operating margin	2.61%	-14.11%
Net margin	6.20%	-8.21%
ROE	5.43%	-12.73%
ROIC	1.09%	-6.90%

Growth (annualized)

Metric	AXON	NET
Revenue CAGR (5Y)	31.90%	36.49%
EPS CAGR (5Y)	117.98%	N/A
FCF CAGR (5Y)	21.08%	N/A
Total return CAGR (5Y)	21.66%	19.17%

Frequently asked

Which has grown faster, AXON or NET?: Over the past five years, NET grew revenue faster — AXON at a 31.90% CAGR versus NET at 36.49%.
Is AXON or NET more profitable?: AXON runs the higher net margin — AXON at 6.20% versus NET at -8.21%.
How have AXON and NET total returns compared?: Over the past 5 years, AXON delivered 21.66% and NET delivered 19.17% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AXON analysis Full NET analysis Interactive comparison tool

Dig into the metrics

Axon Enterprise P/E ratio Axon Enterprise ROE Cloudflare ROE Axon Enterprise operating margin Cloudflare operating margin Axon Enterprise revenue growth Cloudflare revenue growth Axon Enterprise free cash flow Cloudflare free cash flow

Axon Enterprise & Cloudflare appear in these rankings

Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks

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 September 13, 2026.