Axon Enterprise, Inc. (AXON) vs Waste Connections, Inc. (WCN)
A side-by-side comparison of Axon Enterprise, Inc. and Waste Connections, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 1, 2026. Differences are shown without an overall score or investment verdict.
AXON
Axon Enterprise, Inc.
$518.30IndustrialsDelayed quote: Sep 1, 2026, 4:00 PM EDT
WCN
Waste Connections, Inc.
$163.89IndustrialsDelayed quote: Sep 1, 2026, 4:00 PM EDT
Total return — AXON vs WCN
growth of $100 · dividends reinvested · last 10yAXON +2069.1% (+36.0%/yr)WCN +246.9% (+13.2%/yr)AXON compounded faster over this window
Log scale — wide-divergence pair
AXON WCN
AXON vs WCN: by the numbers
- •AXON is the larger company ($41.78B vs $41.31B market cap).
- •WCN trades at the lower trailing earnings multiple (40.03 vs 234.88 P/E), one valuation lens rather than an overall verdict.
- •WCN converts more revenue to profit (10.86% vs 6.20% net margin).
- •AXON grew revenue faster over the past five years (31.90% vs 11.38% CAGR).
- •WCN pays a dividend (0.85% yield), while AXON has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AXON | WCN |
|---|---|---|
| P/E ratio | 234.88 | 40.03 |
| Forward P/E | 73.55 | 28.89 |
| P/S ratio | 14.52 | 4.32 |
| P/B ratio | 12.72 | 5.34 |
| EV / EBITDA | 254.81 | 17.54 |
| FCF yield | 0.28% | 4.29% |
Profitability
| Metric | AXON | WCN |
|---|---|---|
| Gross margin | 59.41% | 39.22% |
| Operating margin | 2.61% | 17.09% |
| Net margin | 6.20% | 10.86% |
| ROE | 5.43% | 13.44% |
| ROIC | 1.09% | 6.63% |
Dividends
| Metric | AXON | WCN |
|---|---|---|
| Dividend yield | N/A | 0.85% |
| Payout ratio | N/A | 33.41% |
Growth (annualized)
| Metric | AXON | WCN |
|---|---|---|
| Revenue CAGR (5Y) | 31.90% | 11.38% |
| EPS CAGR (5Y) | 117.98% | 39.97% |
| FCF CAGR (5Y) | 21.08% | 16.32% |
| Total return CAGR (5Y) | 25.52% | 5.83% |
Frequently asked
- Which has the lower trailing P/E, AXON or WCN?
- WCN has the lower trailing P/E: AXON trades at 234.88 and WCN at 40.03. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AXON or WCN?
- Over the past five years, AXON grew revenue faster — AXON at a 31.90% CAGR versus WCN at 11.38%.
- Does AXON or WCN pay a bigger dividend?
- WCN pays a dividend (0.85% yield), while AXON has no payments in the available dividend history.
- Is AXON or WCN more profitable?
- WCN runs the higher net margin — AXON at 6.20% versus WCN at 10.86%.
- How have AXON and WCN total returns compared?
- Over the past 10 years, AXON delivered 35.54% and WCN delivered 13.34% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Axon Enterprise P/E ratioWaste Connections P/E ratioWaste Connections dividend yieldAxon Enterprise ROEWaste Connections ROEAxon Enterprise operating marginWaste Connections operating marginAxon Enterprise revenue growthWaste Connections revenue growthAxon Enterprise free cash flowWaste Connections free cash flow
Axon Enterprise & Waste Connections 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 1, 2026.