Axon Enterprise, Inc. (AXON) vs QUALCOMM Incorporated (QCOM)
A side-by-side comparison of Axon Enterprise, Inc. and QUALCOMM Incorporated 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; QCOM is classified in Technology. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
AXON
Axon Enterprise, Inc.
$479.34IndustrialsDelayed quote: Sep 11, 2026, 4:00 PM EDT
QCOM
QUALCOMM Incorporated
$181.97TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — AXON vs QCOM
growth of $100 · dividends reinvested · last 10yAXON +1886.0% (+34.8%/yr)QCOM +266.6% (+13.9%/yr)AXON compounded faster over this window
Log scale — wide-divergence pair
AXON QCOM
AXON vs QCOM: by the numbers
- •QCOM is the larger company ($191.07B vs $38.64B market cap).
- •QCOM trades at the lower trailing earnings multiple (20.77 vs 198.72 P/E), one valuation lens rather than an overall verdict.
- •QCOM converts more revenue to profit (21.01% vs 6.20% net margin).
- •AXON grew revenue faster over the past five years (31.90% vs 6.23% CAGR).
- •QCOM pays a dividend (2.05% yield), while AXON has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AXON | QCOM |
|---|---|---|
| P/E ratio | 198.72 | 20.77 |
| Forward P/E | 62.14 | 17.26 |
| P/S ratio | 12.00 | 4.34 |
| P/B ratio | 10.51 | 6.91 |
| EV / EBITDA | 211.72 | 17.11 |
| FCF yield | 0.34% | 5.45% |
Profitability
| Metric | AXON | QCOM |
|---|---|---|
| Gross margin | 59.41% | 54.23% |
| Operating margin | 2.61% | 23.19% |
| Net margin | 6.20% | 21.01% |
| ROE | 5.43% | 33.48% |
| ROIC | 1.09% | 17.42% |
Dividends
| Metric | AXON | QCOM |
|---|---|---|
| Dividend yield | N/A | 2.05% |
| Payout ratio | N/A | 41.32% |
Growth (annualized)
| Metric | AXON | QCOM |
|---|---|---|
| Revenue CAGR (5Y) | 31.90% | 6.23% |
| EPS CAGR (5Y) | 117.98% | 2.02% |
| FCF CAGR (5Y) | 21.08% | 2.09% |
| Total return CAGR (5Y) | 21.66% | 6.80% |
Frequently asked
- Which has the lower trailing P/E, AXON or QCOM?
- QCOM has the lower trailing P/E: AXON trades at 198.72 and QCOM at 20.77. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AXON or QCOM?
- Over the past five years, AXON grew revenue faster — AXON at a 31.90% CAGR versus QCOM at 6.23%.
- Does AXON or QCOM pay a bigger dividend?
- QCOM pays a dividend (2.05% yield), while AXON has no payments in the available dividend history.
- Is AXON or QCOM more profitable?
- QCOM runs the higher net margin — AXON at 6.20% versus QCOM at 21.01%.
- How have AXON and QCOM total returns compared?
- Over the past 10 years, AXON delivered 34.25% and QCOM delivered 14.33% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Axon Enterprise P/E ratioQUALCOMM P/E ratioQUALCOMM dividend yieldAxon Enterprise ROEQUALCOMM ROEAxon Enterprise operating marginQUALCOMM operating marginAxon Enterprise revenue growthQUALCOMM revenue growthAxon Enterprise free cash flowQUALCOMM free cash flow
Axon Enterprise & QUALCOMM 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.