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 September 13, 2026. Differences are shown without an overall score or investment verdict.
AXON
Axon Enterprise, Inc.
$469.78IndustrialsDelayed quote: Sep 16, 2026, 1:00 PM EDT
PAYX
Paychex, Inc.
$117.39IndustrialsDelayed quote: Sep 16, 2026, 1:00 PM EDT
Total return — AXON vs PAYX
growth of $100 · dividends reinvested · last 10yAXON +1783.5% (+34.1%/yr)PAYX +171.2% (+10.5%/yr)AXON compounded faster over this window
Log scale — wide-divergence pair
AXON PAYX
AXON vs PAYX: by the numbers
- •PAYX is the larger company ($41.75B vs $37.87B market cap).
- •PAYX trades at the lower trailing earnings multiple (24.06 vs 194.76 P/E), one valuation lens rather than an overall verdict.
- •PAYX converts more revenue to profit (27.03% vs 6.20% net margin).
- •AXON grew revenue faster over the past five years (31.90% vs 9.93% CAGR).
- •PAYX pays a dividend (3.92% yield), while AXON has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AXON | PAYX |
|---|---|---|
| P/E ratio | 194.76 | 24.06 |
| Forward P/E | 60.90 | 19.69 |
| P/S ratio | 11.76 | 6.41 |
| P/B ratio | 10.30 | 11.18 |
| EV / EBITDA | 207.63 | 15.32 |
| FCF yield | 0.35% | 5.56% |
Profitability
| Metric | AXON | PAYX |
|---|---|---|
| Gross margin | 59.41% | 74.29% |
| Operating margin | 2.61% | 38.55% |
| Net margin | 6.20% | 27.03% |
| ROE | 5.43% | 47.12% |
| ROIC | 1.09% | 20.44% |
Dividends
| Metric | AXON | PAYX |
|---|---|---|
| Dividend yield | N/A | 3.92% |
| Payout ratio | N/A | 93.03% |
Growth (annualized)
| Metric | AXON | PAYX |
|---|---|---|
| Revenue CAGR (5Y) | 31.90% | 9.93% |
| EPS CAGR (5Y) | 117.98% | 9.95% |
| FCF CAGR (5Y) | 21.08% | 15.18% |
| Total return CAGR (5Y) | 21.66% | 4.15% |
Frequently asked
- Which has the lower trailing P/E, AXON or PAYX?
- PAYX has the lower trailing P/E: AXON trades at 194.76 and PAYX at 24.06. 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 31.90% CAGR versus PAYX at 9.93%.
- Does AXON or PAYX pay a bigger dividend?
- PAYX pays a dividend (3.92% 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 6.20% versus PAYX at 27.03%.
- How have AXON and PAYX total returns compared?
- Over the past 10 years, AXON delivered 34.25% and PAYX delivered 10.29% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Axon Enterprise P/E ratioPaychex P/E ratioPaychex 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 September 13, 2026.