Is AXON or PAYX cheaper?

On trailing earnings, PAYX is cheaper: AXON trades at a 177.25 P/E and PAYX at 22.21.

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 9.95%.

Does AXON or PAYX pay a bigger dividend?

PAYX pays a dividend (4.40% yield) while AXON does not currently pay one.

Is AXON or PAYX more profitable?

PAYX runs the higher net margin — AXON at 6.91% versus PAYX at 25.84%.

Which has been the better investment, AXON or PAYX?

Over the past 10-year, AXON delivered the higher annualized total return — AXON at 34.51% versus PAYX at 9.63%. Past performance doesn't predict future results.

Axon Enterprise, Inc. (AXON) vs Paychex, Inc. (PAYX)

PAYX leads on 11 of 16 compared metrics.

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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AXON

Axon Enterprise, Inc.

Not enough overlapping price history to compare AXON and PAYX.

AXON vs PAYX: by the numbers

•PAYX is the larger company ($36.05B vs $35.60B market cap).
•PAYX trades at the lower earnings multiple (22.21 vs 177.25 P/E).
•PAYX converts more revenue to profit (25.84% vs 6.91% net margin).
•AXON grew revenue faster over the past five years (32.56% vs 9.95% CAGR).
•PAYX pays a dividend (4.40% yield) while AXON does not currently pay one.

Which is better, AXON or PAYX?

Metric tally: AXON 5 · PAYX 11

It depends on what you're optimizing for:

ValuePAYX(lower P/E)

GrowthAXON(faster 5Y revenue CAGR)

QualityPAYX(higher ROIC)

Valuation

Metric	AXON	PAYX
P/E ratio	177.25	22.21●
Forward P/E	57.45	18.31●
P/S ratio	12.21	5.73●
P/B ratio	10.31	9.04●
PEG ratio	1.50●	2.61
EV / EBITDA	97.88	13.96●
FCF yield	0.05%	5.93%●

Profitability

Metric	AXON	PAYX
Gross margin	59.32%	73.93%●
Operating margin	1.48%	36.90%●
Net margin	6.91%	25.84%●
ROE	5.84%	40.78%●
ROIC	-1.11%	16.77%●

Dividends

Metric	AXON	PAYX
Dividend yield	—	4.40%
Payout ratio	—	96.30%

Growth (annualized)

Metric	AXON	PAYX
Revenue CAGR (5Y)	32.56%●	9.95%
EPS CAGR (5Y)	117.98%●	8.50%
FCF CAGR (5Y)	32.23%●	13.61%
Total return CAGR (5Y)	22.91%●	2.18%

Frequently asked

Which is better, AXON or PAYX?: It depends on your goal. value: PAYX (lower P/E); growth: AXON (faster 5Y revenue CAGR); quality: PAYX (higher ROIC). Across all compared metrics, PAYX leads 11 to 5.
Is AXON or PAYX cheaper?: On trailing earnings, PAYX is cheaper: AXON trades at a 177.25 P/E and PAYX at 22.21.
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 9.95%.
Does AXON or PAYX pay a bigger dividend?: PAYX pays a dividend (4.40% yield) while AXON does not currently pay one.
Is AXON or PAYX more profitable?: PAYX runs the higher net margin — AXON at 6.91% versus PAYX at 25.84%.
Which has been the better investment, AXON or PAYX?: Over the past 10-year, AXON delivered the higher annualized total return — AXON at 34.51% versus PAYX at 9.63%. Past performance doesn't predict future results.

Go deeper

Full AXON analysis Full PAYX analysis Interactive comparison tool

Dig into the metrics

Axon Enterprise P/E ratio Paychex P/E ratio Axon Enterprise dividend yield Paychex dividend yield Axon Enterprise ROE Paychex ROE Axon Enterprise operating margin Paychex operating margin Axon Enterprise revenue growth Paychex revenue growth Axon Enterprise free cash flow Paychex free cash flow

Axon Enterprise & Paychex appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest Operating Margin 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 June 13, 2026.