Who Generates Higher Gross Profit? Axon Enterprise, Inc. or Avery Dennison Corporation

Gross Profit Showdown: Axon vs. Avery Dennison

In the competitive landscape of American industry, understanding which companies lead in profitability is crucial. Over the past decade, Avery Dennison Corporation has consistently outperformed Axon Enterprise, Inc. in terms of gross profit. From 2014 to 2023, Avery Dennison's gross profit grew by approximately 38%, peaking in 2022. In contrast, Axon Enterprise saw a remarkable growth of over 840% during the same period, reflecting its rapid expansion and increasing market presence.

A Decade of Growth

Avery Dennison's steady growth highlights its robust business model and market stability. Meanwhile, Axon's impressive growth trajectory underscores its dynamic approach and innovation in the public safety sector. Despite Axon's rapid growth, Avery Dennison's gross profit remains more than double that of Axon in 2023, showcasing its dominance in the industry.

This analysis provides a fascinating glimpse into the financial health and strategic positioning of these two industry giants.