RTX Corporation and Axon Enterprise, Inc.: A Detailed Gross Profit Analysis

A Tale of Two Giants: Gross Profit Trends from 2014 to 2023

In the ever-evolving landscape of the defense and technology sectors, RTX Corporation and Axon Enterprise, Inc. have emerged as formidable players. Over the past decade, RTX Corporation has consistently demonstrated its prowess, with gross profits peaking in 2019 at approximately $20 billion. However, the pandemic year of 2020 saw a significant dip, with profits dropping by nearly 57% to around $8.5 billion. Since then, RTX has shown resilience, rebounding to $15.4 billion by 2024.

Conversely, Axon Enterprise, Inc. has experienced a remarkable growth trajectory. From a modest $101 million in 2014, Axon's gross profit surged by over 840% to nearly $956 million in 2023. This growth underscores Axon's strategic positioning in the tech industry. While 2024 data for Axon is missing, the trend suggests continued upward momentum. These insights highlight the dynamic nature of these industries and the strategic maneuvers of these corporations.