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Side-by-side financial comparison of ACME UNITED CORP (ACU) and Axogen, Inc. (AXGN). Click either name above to swap in a different company.

Axogen, Inc. is the larger business by last-quarter revenue ($61.5M vs $52.3M, roughly 1.2× ACME UNITED CORP). ACME UNITED CORP runs the higher net margin — 1.9% vs -31.9%, a 33.7% gap on every dollar of revenue. On growth, Axogen, Inc. posted the faster year-over-year revenue change (26.6% vs 13.8%). Over the past eight quarters, Axogen, Inc.'s revenue compounded faster (13.3% CAGR vs -2.9%).

Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut. It is publicly traded on the NYSE American with symbol ACU.

Axogen is a developer of surgical solutions, including human tissue grafts, based in Alachua, Florida. Axogen products are designed to remedy peripheral nerve damage. In 2013 the company raised $18 million in its initial public offering (IPO). Axogen uses a cell graft technology AVANCE to mimic a human nerve. The company also creates nerve connectors and soft tissue membranes. The company reports sensory and movement recovery in 87 percent of patients with peripheral nerve injuries. Axogen is...

ACU vs AXGN — Head-to-Head

Bigger by revenue
AXGN
AXGN
1.2× larger
AXGN
$61.5M
$52.3M
ACU
Growing faster (revenue YoY)
AXGN
AXGN
+12.8% gap
AXGN
26.6%
13.8%
ACU
Higher net margin
ACU
ACU
33.7% more per $
ACU
1.9%
-31.9%
AXGN
Faster 2-yr revenue CAGR
AXGN
AXGN
Annualised
AXGN
13.3%
-2.9%
ACU

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ACU
ACU
AXGN
AXGN
Revenue
$52.3M
$61.5M
Net Profit
$985.0K
$-19.6M
Gross Margin
39.7%
75.2%
Operating Margin
3.3%
20.2%
Net Margin
1.9%
-31.9%
Revenue YoY
13.8%
26.6%
Net Profit YoY
-40.4%
-410.8%
EPS (diluted)
$0.24
$-0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACU
ACU
AXGN
AXGN
Q1 26
$52.3M
$61.5M
Q4 25
$47.5M
$59.9M
Q3 25
$49.1M
$60.1M
Q2 25
$54.0M
$56.7M
Q1 25
$46.0M
$48.6M
Q4 24
$45.9M
$49.4M
Q3 24
$48.2M
$48.6M
Q2 24
$55.4M
$47.9M
Net Profit
ACU
ACU
AXGN
AXGN
Q1 26
$985.0K
$-19.6M
Q4 25
$1.9M
$-13.2M
Q3 25
$1.9M
$708.0K
Q2 25
$4.8M
$579.0K
Q1 25
$1.7M
$-3.8M
Q4 24
$1.7M
$450.0K
Q3 24
$2.2M
$-1.9M
Q2 24
$4.5M
$-1.9M
Gross Margin
ACU
ACU
AXGN
AXGN
Q1 26
39.7%
75.2%
Q4 25
38.2%
74.1%
Q3 25
39.1%
76.6%
Q2 25
41.0%
74.2%
Q1 25
39.0%
71.9%
Q4 24
38.7%
76.1%
Q3 24
38.5%
74.9%
Q2 24
40.8%
73.8%
Operating Margin
ACU
ACU
AXGN
AXGN
Q1 26
3.3%
20.2%
Q4 25
6.1%
-16.3%
Q3 25
6.1%
3.2%
Q2 25
11.8%
3.0%
Q1 25
5.3%
-3.4%
Q4 24
5.0%
4.1%
Q3 24
6.1%
-0.6%
Q2 24
11.5%
-0.9%
Net Margin
ACU
ACU
AXGN
AXGN
Q1 26
1.9%
-31.9%
Q4 25
3.9%
-22.0%
Q3 25
3.9%
1.2%
Q2 25
8.8%
1.0%
Q1 25
3.6%
-7.9%
Q4 24
3.7%
0.9%
Q3 24
4.6%
-3.8%
Q2 24
8.0%
-4.0%
EPS (diluted)
ACU
ACU
AXGN
AXGN
Q1 26
$0.24
$-0.38
Q4 25
$0.46
$-0.28
Q3 25
$0.46
$0.01
Q2 25
$1.16
$0.01
Q1 25
$0.41
$-0.08
Q4 24
$0.43
$-0.00
Q3 24
$0.54
$-0.04
Q2 24
$1.09
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACU
ACU
AXGN
AXGN
Cash + ST InvestmentsLiquidity on hand
$4.2M
$82.7M
Total DebtLower is stronger
$33.0M
Stockholders' EquityBook value
$116.7M
$244.8M
Total Assets
$195.2M
$289.5M
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACU
ACU
AXGN
AXGN
Q1 26
$4.2M
$82.7M
Q4 25
$3.6M
$41.5M
Q3 25
$5.1M
$35.8M
Q2 25
$3.6M
$29.9M
Q1 25
$3.4M
$22.1M
Q4 24
$6.4M
$33.5M
Q3 24
$5.7M
$24.5M
Q2 24
$3.8M
$21.1M
Total Debt
ACU
ACU
AXGN
AXGN
Q1 26
$33.0M
Q4 25
$48.4M
Q3 25
$48.2M
Q2 25
$47.9M
Q1 25
$47.7M
Q4 24
$47.5M
Q3 24
$47.3M
Q2 24
$47.0M
Stockholders' Equity
ACU
ACU
AXGN
AXGN
Q1 26
$116.7M
$244.8M
Q4 25
$117.6M
$128.8M
Q3 25
$115.8M
$120.8M
Q2 25
$113.7M
$112.3M
Q1 25
$108.3M
$105.4M
Q4 24
$107.0M
$103.9M
Q3 24
$106.3M
$99.4M
Q2 24
$104.0M
$95.7M
Total Assets
ACU
ACU
AXGN
AXGN
Q1 26
$195.2M
$289.5M
Q4 25
$171.0M
$221.7M
Q3 25
$173.0M
$216.4M
Q2 25
$170.9M
$205.5M
Q1 25
$163.0M
$196.2M
Q4 24
$162.2M
$203.7M
Q3 24
$165.5M
$192.0M
Q2 24
$173.5M
$188.9M
Debt / Equity
ACU
ACU
AXGN
AXGN
Q1 26
0.28×
Q4 25
0.38×
Q3 25
0.40×
Q2 25
0.43×
Q1 25
0.45×
Q4 24
0.46×
Q3 24
0.48×
Q2 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACU
ACU
AXGN
AXGN
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-1.4M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACU
ACU
AXGN
AXGN
Q1 26
Q4 25
$8.2M
$3.0M
Q3 25
$7.1M
$3.2M
Q2 25
$6.3M
$7.7M
Q1 25
$-3.3M
$-13.2M
Q4 24
$6.4M
$8.7M
Q3 24
$8.9M
$3.9M
Q2 24
$6.9M
$4.2M
Free Cash Flow
ACU
ACU
AXGN
AXGN
Q1 26
$-1.4M
Q4 25
$7.3M
$1.8M
Q3 25
$301.0K
$1.7M
Q2 25
$4.7M
$7.0M
Q1 25
$-4.7M
$-13.4M
Q4 24
$4.7M
$8.1M
Q3 24
$7.5M
$3.3M
Q2 24
$4.4M
$3.3M
FCF Margin
ACU
ACU
AXGN
AXGN
Q1 26
-2.3%
Q4 25
15.3%
3.0%
Q3 25
0.6%
2.8%
Q2 25
8.7%
12.4%
Q1 25
-10.2%
-27.7%
Q4 24
10.2%
16.3%
Q3 24
15.6%
6.8%
Q2 24
8.0%
6.8%
Capex Intensity
ACU
ACU
AXGN
AXGN
Q1 26
Q4 25
1.9%
2.1%
Q3 25
13.8%
2.5%
Q2 25
3.0%
1.3%
Q1 25
2.9%
0.5%
Q4 24
3.7%
1.4%
Q3 24
2.8%
1.2%
Q2 24
4.5%
1.9%
Cash Conversion
ACU
ACU
AXGN
AXGN
Q1 26
Q4 25
4.34×
Q3 25
3.72×
4.55×
Q2 25
1.33×
13.35×
Q1 25
-2.02×
Q4 24
3.73×
19.41×
Q3 24
3.99×
Q2 24
1.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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