Sifting through countless of stocks in the Aerospace & Defense industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in L3Harris Technologies, Inc., Axon Enterprise or Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how L3Harris Technologies, Inc., Axon Enterprise and Inc. compare based on key financial metrics to determine which better meets your investment needs.

About L3Harris Technologies, Inc., Axon Enterprise and Inc.

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, such as helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Services, and Connected Devices. The Software and Services segment develops, manufactures, and sells cloud-based software-as-a-service solutions to capture, store, manage, share, and analyze video and other digital evidence. This segment also offers Axon Evidence, Draft One, Axon Records, Axon Standards, Axon Fusus, Axon Assistant, and others. The Connected Devices segment engages in the development, manufacture, and sale of integrated hardware solutions, such as conducted energy devices under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, accessories, extended warranties, and related hardware products, as well as virtual reality training hardware. The company serves first responders across international, federal, state, and local governments, international governmental entities, commercial enterprises, and consumers through direct sales, distribution partners, and third-party resellers. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.

Latest Aerospace & Defense and L3Harris Technologies, Inc., Axon Enterprise, Inc. Stock News

As of September 2, 2026, L3Harris Technologies, Inc. had a $48.7 billion market capitalization, compared to the Aerospace & Defense median of $3.9 million. L3Harris Technologies, Inc.’s stock is down 11.4% in 2026, down 0.7% in the previous five trading days and down 5.02% in the past year.

Currently, L3Harris Technologies, Inc.’s price-earnings ratio is 26.4. L3Harris Technologies, Inc.’s trailing 12-month revenue is $22.9 billion with a 8.2% net profit margin. Year-over-year quarterly sales growth most recently was 8.4%. Analysts expect adjusted earnings to reach $11.997 per share for the current fiscal year. L3Harris Technologies, Inc. currently has a 1.9% dividend yield.

As of September 2, 2026, Axon Enterprise, Inc. had a $41.2 billion market cap, putting it in the 92nd percentile of all stocks. Axon Enterprise, Inc.’s stock is down 6.8% in 2026, down 13.4% in the previous five trading days and down 31.82% in the past year.

Currently, Axon Enterprise, Inc.’s price-earnings ratio is 210.9. Axon Enterprise, Inc.’s trailing 12-month revenue is $3.2 billion with a 6.2% net profit margin. Year-over-year quarterly sales growth most recently was 35.3%. Analysts expect adjusted earnings to reach $7.713 per share for the current fiscal year. Axon Enterprise, Inc. does not currently pay a dividend.

How We Compare L3Harris Technologies, Inc., Axon Enterprise and Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at L3Harris Technologies, Inc., Axon Enterprise and Inc.’s stock grades to see how they measure up against one another.

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L3Harris Technologies, Inc., Axon Enterprise and Inc. Growth Grades

Company	Ticker	Growth
L3Harris Technologies, Inc.	LHX	C
Axon Enterprise, Inc.	AXON	B

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

L3Harris Technologies, Inc. has a Growth Score of 56, which is Average. Axon Enterprise, Inc. has a Growth Score of 69, which is Strong.

The Growth Grade Winner: Axon Enterprise, Inc.

As you can clearly see from the Growth Grade breakdown above, Axon Enterprise, Inc. has a more attractive growth grade than L3Harris Technologies, Inc.. For investors who focus solely on how a company is growing relative to other companies in the same industry, Axon Enterprise, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

L3Harris Technologies, Inc., Axon Enterprise and Inc.’s Momentum Grades

Company	Ticker	Momentum
L3Harris Technologies, Inc.	LHX	D
Axon Enterprise, Inc.	AXON	D

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

L3Harris Technologies, Inc. has a Momentum Score of 31, which is Weak. Axon Enterprise, Inc. has a Momentum Score of 23, which is Weak.

The Momentum Stock Winner: No Clear Winner

Neither L3Harris Technologies, Inc., Axon Enterprise or Inc. has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if L3Harris Technologies, Inc., Axon Enterprise or Inc. is the better investment when it comes to momentum.

L3Harris Technologies, Inc., Axon Enterprise and Inc.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
L3Harris Technologies, Inc.	LHX	B
Axon Enterprise, Inc.	AXON	D

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

L3Harris Technologies, Inc. has a Earnings Estimate Score of 72, which is Positive. Axon Enterprise, Inc. has a Earnings Estimate Score of 35, which is Negative.

The Earnings Estimate Revisions Grade Winner: L3Harris Technologies, Inc.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, L3Harris Technologies, Inc. has a better Earnings Estimate Revisions Grade than Axon Enterprise, Inc.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, L3Harris Technologies, Inc. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other L3Harris Technologies, Inc., Axon Enterprise and Inc. Grades

In addition to Growth, Estimate Revisions and Momentum, A+ Investor also provides grades for Value and Quality.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether L3Harris Technologies, Inc., Axon Enterprise and Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, L3Harris Technologies, Inc., Axon Enterprise or Inc. Stock?

Overall, L3Harris Technologies, Inc. stock has a Growth Score of 56, Momentum Score of 31 and Estimate Revisions Score of 72.

Axon Enterprise, Inc. stock has a Growth Score of 69, Momentum Score of 23 and Estimate Revisions Score of 35.

Comparing L3Harris Technologies, Inc., Axon Enterprise and Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.