Axon Enterprise, Inc. (AXON) vs Paychex, Inc. (PAYX)
A side-by-side comparison of Axon Enterprise, Inc. and Paychex, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 2, 2026. Differences are shown without an overall score or investment verdict.
AXON
Axon Enterprise, Inc.
$527.76IndustrialsAt close: Jul 31, 2026, 4:00 PM ET
PAYX
Paychex, Inc.
$116.84IndustrialsAt close: Jul 31, 2026, 4:00 PM ET
Total return — AXON vs PAYX
growth of $100 · dividends reinvested · last 25yAXON +92354.8%PAYX +523.1%AXON compounded faster
Log scale — wide-divergence pair
AXON PAYX
AXON vs PAYX: by the numbers
- •AXON is the larger company ($42.54B vs $41.56B market cap).
- •PAYX trades at the lower trailing earnings multiple (23.94 vs 211.77 P/E), one valuation lens rather than an overall verdict.
- •PAYX converts more revenue to profit (27.03% vs 6.91% net margin).
- •AXON grew revenue faster over the past five years (32.56% vs 9.93% CAGR).
- •PAYX pays a dividend (3.79% yield), while AXON has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AXON | PAYX |
|---|---|---|
| P/E ratio | 211.77 | 23.94 |
| Forward P/E | 68.31 | 21.27 |
| P/S ratio | 14.59 | 6.43 |
| P/B ratio | 12.32 | 11.21 |
| PEG ratio | 1.79 | 3.21 |
| EV / EBITDA | 352.69 | 15.35 |
| FCF yield | 0.04% | 5.55% |
Profitability
| Metric | AXON | PAYX |
|---|---|---|
| Gross margin | 59.32% | 74.29% |
| Operating margin | 1.28% | 38.55% |
| Net margin | 6.91% | 27.03% |
| ROE | 5.84% | 47.12% |
| ROIC | -1.11% | 20.49% |
Dividends
| Metric | AXON | PAYX |
|---|---|---|
| Dividend yield | N/A | 3.79% |
| Payout ratio | N/A | 90.41% |
Growth (annualized)
| Metric | AXON | PAYX |
|---|---|---|
| Revenue CAGR (5Y) | 32.56% | 9.93% |
| EPS CAGR (5Y) | 117.98% | 9.95% |
| FCF CAGR (5Y) | 32.23% | 15.18% |
| Total return CAGR (5Y) | 23.18% | 3.68% |
Frequently asked
- Which has the lower trailing P/E, AXON or PAYX?
- PAYX has the lower trailing P/E: AXON trades at 211.77 and PAYX at 23.94. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AXON or PAYX?
- Over the past five years, AXON grew revenue faster — AXON at a 32.56% CAGR versus PAYX at 9.93%.
- Does AXON or PAYX pay a bigger dividend?
- PAYX pays a dividend (3.79% yield), while AXON has no payments in the available dividend history.
- Is AXON or PAYX more profitable?
- PAYX runs the higher net margin — AXON at 6.91% versus PAYX at 27.03%.
- How have AXON and PAYX total returns compared?
- Over the past 10 years, AXON delivered 33.66% and PAYX delivered 10.39% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Axon Enterprise P/E ratioPaychex P/E ratioAxon Enterprise dividend yieldPaychex dividend yieldAxon Enterprise ROEPaychex ROEAxon Enterprise operating marginPaychex operating marginAxon Enterprise revenue growthPaychex revenue growthAxon Enterprise free cash flowPaychex free cash flow
Axon Enterprise & Paychex 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 2, 2026.