Gross Profit Comparison: Axon Enterprise, Inc. and Allegion plc Trends

A Tale of Two Companies: Axon Enterprise, Inc. vs. Allegion plc

In the ever-evolving landscape of the security and technology sectors, Axon Enterprise, Inc. and Allegion plc have emerged as key players. Over the past decade, these companies have shown remarkable growth in their gross profits, reflecting their strategic prowess and market adaptability. From 2014 to 2023, Allegion plc's gross profit surged by approximately 85%, reaching its peak in 2023. Meanwhile, Axon Enterprise, Inc. demonstrated an even more impressive trajectory, with its gross profit increasing nearly ninefold during the same period.

Key Insights

• Allegion plc: Consistent growth with a notable 20% increase from 2022 to 2023.
• Axon Enterprise, Inc.: A rapid rise, especially post-2020, with a 130% increase from 2020 to 2023.

These trends underscore the dynamic nature of the industry and the companies' ability to capitalize on emerging opportunities.