Axon Enterprise (STU:TCS) ROCE %: 16.18% (As of Mar. 2026)

What is Axon Enterprise ROCE %?

Axon Enterprise STU:TCS -3.13% 79 ROCE % is 16.18% as of Mar. 2026. GuruFocus rates STU:TCS with a GF Score™ of 79/100 and a GF Value™ of €527.91 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Axon Enterprise's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.18%.

Axon Enterprise (STU:TCS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Axon Enterprise ROCE % Related Terms

Axon Enterprise ROCE % Historical Data

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The historical data trend for Axon Enterprise's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Axon Enterprise ROCE % Chart

Axon Enterprise Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-14.53

5.41

6.61

14.56

2.62

Axon Enterprise Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															12.18	-0.82	3.46	-2.77	16.18

79GF Score

Axon Enterprise Inc STU:TCS

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Axon Enterprise ROCE % Calculation

Axon Enterprise's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	96.683	/	( ( (4273.232 - 1602.371)	+	(5978.267 - 1255.506) )	/ 2 )
	=	96.683	/	( (2670.861	+	4722.761)	/ 2 )
	=	96.683	/	3696.811
	=	2.62 %

Axon Enterprise's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	791.868	/	( ( (5978.267 - 1255.506)	+	(6112.824 - 1045.177) )	/ 2 )
	=	791.868	/	( ( 4722.761	+	5067.647 )	/ 2 )
	=	791.868	/	4895.204
	=	16.18 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 16.18% mean?

Axon Enterprise (STU:TCS) has a ROCE % of 16.18% as of Mar. 2026.

Is Axon Enterprise's ROCE % too high?

Axon Enterprise's current ROCE % is 16.18%. The Aerospace & Defense industry median ROCE % is 6.29. Axon Enterprise's value of 16.18% is 157.2% above this industry median. Overall, Axon Enterprise has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Axon Enterprise's ROCE % compare to HEI.A and CW?

Axon Enterprise's ROCE % of 16.18% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. Axon Enterprise's value of 16.18% is 157.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axon Enterprise's current ROCE % of 16.18% is 157.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current ROCE % is 16.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Axon Enterprise stock overvalued right now?

Based on GuruFocus' analysis, Axon Enterprise (STU:TCS) is currently considered Modestly Undervalued. The stock's GF Value™ is €527.91, compared to a current price of €390.20 — trading 26.1% below its estimated fair value. The current ROCE % is 16.18% and 157.2% above the Aerospace & Defense industry median of 6.29. Axon Enterprise's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Axon Enterprise (STU:TCS), the current ROCE % is 16.18% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Axon Enterprise (STU:TCS) Overvalued in 2026?

Based on GuruFocus' analysis, Axon Enterprise stock appears to be undervalued. The current stock price of €390.20 is trading 26.1% below its estimated GF Value™ of €527.91. GuruFocus considers Axon Enterprise to be Modestly Undervalued.

Key valuation signals for STU:TCS:

ROCE %: 16.18%
GF Value™: €527.91 vs. price of €390.20 (26.1% below fair value)
GF Score™: 79/100 with 4 warning signs
Industry Position: 157.2% above the Aerospace & Defense median

No single metric tells the full story. See the STU:TCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Axon Enterprise Business Description

Industry Industrials Aerospace & Defense

Comparable Companies HEI.A CW FTAI WWD ARXS PL BWXT TXT LHX DRS GE RTX BA XPAR:AIR LSE:RR.XPAR:SAF LMT HWM GD RKLB

Other Exchanges AXON:USA AXON:Mexico 1AXON:Italy 0HKE:UK A2XO34:Brazil

Address 17800 North 85th Street, Scottsdale, AZ, USA, 85255

Website https://www.axon.com

Axon Enterprise Inc is building a public safety operating system by integrating a suite of hardware devices and cloud software solutions. The company's suite includes cloud-hosted digital evidence management solutions, TASER energy devices, drones and robotic security, and training solutions. Its operation comprises of two operating segments, Software and Services, and Connected Devices. The company generates the majority of its revenue from the Connected Devices segment, which is engaged in developing, manufacturing, and selling fully integrated hardware solutions such as conducted energy devices sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.

79GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€390.20

Price

€527.91

GF Value

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