Which has the lower trailing P/E, AXON or NOW?

NOW has the lower trailing P/E: AXON trades at 176.09 and NOW at 82.16. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AXON or NOW?

Over the past five years, AXON grew revenue faster — AXON at a 31.90% CAGR versus NOW at 23.29%.

Is AXON or NOW more profitable?

NOW runs the higher net margin — AXON at 6.20% versus NOW at 11.34%.

How have AXON and NOW total returns compared?

Over the past 10 years, AXON delivered 34.25% and NOW delivered 24.57% annualized total return. Past performance doesn't predict future results.

Axon Enterprise, Inc. (AXON) vs ServiceNow, Inc. (NOW)

A side-by-side comparison of Axon Enterprise, Inc. and ServiceNow, 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; NOW 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

NOW

ServiceNow, Inc.

$135.90B

$131.45TechnologyDelayed quote: Sep 28, 2026, 4:00 PM EDT

Total return — AXON vs NOW

growth of $100 · dividends reinvested · last 10y

AXON +1735.1% (+33.8%/yr)NOW +788.9% (+24.4%/yr)AXON compounded faster over this window

AXON NOW

AXON vs NOW: by the numbers

•NOW is the larger company ($135.90B vs $34.24B market cap).
•NOW trades at the lower trailing earnings multiple (82.16 vs 176.09 P/E), one valuation lens rather than an overall verdict.
•NOW converts more revenue to profit (11.34% vs 6.20% net margin).
•AXON grew revenue faster over the past five years (31.90% vs 23.29% CAGR).

Metrics side by side

Valuation

Metric	AXON	NOW
P/E ratio	176.09	82.16
Forward P/E	55.07	32.29
P/S ratio	10.64	9.22
P/B ratio	9.32	10.86
EV / EBITDA	188.36	51.56
FCF yield	0.39%	3.37%

Profitability

Metric	AXON	NOW
Gross margin	59.41%	74.77%
Operating margin	2.61%	11.40%
Net margin	6.20%	11.34%
ROE	5.43%	13.34%
ROIC	1.09%	5.54%

Growth (annualized)

Metric	AXON	NOW
Revenue CAGR (5Y)	31.90%	23.29%
EPS CAGR (5Y)	117.98%	69.74%
FCF CAGR (5Y)	21.08%	24.63%
Total return CAGR (5Y)	21.66%	0.45%

Frequently asked

Which has the lower trailing P/E, AXON or NOW?: NOW has the lower trailing P/E: AXON trades at 176.09 and NOW at 82.16. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AXON or NOW?: Over the past five years, AXON grew revenue faster — AXON at a 31.90% CAGR versus NOW at 23.29%.
Is AXON or NOW more profitable?: NOW runs the higher net margin — AXON at 6.20% versus NOW at 11.34%.
How have AXON and NOW total returns compared?: Over the past 10 years, AXON delivered 34.25% and NOW delivered 24.57% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AXON analysis Full NOW analysis Interactive comparison tool

Dig into the metrics

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

Axon Enterprise & ServiceNow 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.