Who Generates Higher Gross Profit? Axon Enterprise, Inc. or Equifax Inc.

Comparing Giants: Axon Enterprise, Inc. vs. Equifax Inc.

In the ever-evolving landscape of corporate profitability, understanding which companies lead in generating gross profit is crucial. From 2014 to 2023, Equifax Inc. consistently outperformed Axon Enterprise, Inc. in gross profit generation. Equifax's gross profit peaked in 2022 at approximately $2.95 billion, showcasing a robust growth trajectory. In contrast, Axon Enterprise, Inc. demonstrated impressive growth, with its gross profit increasing nearly tenfold from 2014 to 2023, reaching around $955 million.

Key Insights

• Equifax's Dominance: Equifax maintained a steady lead, with gross profits averaging over $2 billion annually.
• Axon's Growth: Despite starting at a lower base, Axon showed remarkable growth, with a compound annual growth rate (CAGR) of approximately 30%.

This analysis highlights the dynamic nature of the market and the potential for growth even among smaller players like Axon Enterprise, Inc.