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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and Axsome Therapeutics, Inc. (AXSM). Click either name above to swap in a different company.

ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $196.0M, roughly 1.9× Axsome Therapeutics, Inc.). ALLIANCE ENTERTAINMENT HOLDING CORP runs the higher net margin — 2.5% vs -14.6%, a 17.1% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -6.3%). ALLIANCE ENTERTAINMENT HOLDING CORP produced more free cash flow last quarter ($-16.9M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 32.1%).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

AENT vs AXSM — Head-to-Head

Bigger by revenue
AENT
AENT
1.9× larger
AENT
$368.7M
$196.0M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+71.4% gap
AXSM
65.0%
-6.3%
AENT
Higher net margin
AENT
AENT
17.1% more per $
AENT
2.5%
-14.6%
AXSM
More free cash flow
AENT
AENT
$1.8M more FCF
AENT
$-16.9M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
32.1%
AENT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AENT
AENT
AXSM
AXSM
Revenue
$368.7M
$196.0M
Net Profit
$9.4M
$-28.6M
Gross Margin
Operating Margin
4.7%
-13.8%
Net Margin
2.5%
-14.6%
Revenue YoY
-6.3%
65.0%
Net Profit YoY
32.8%
61.9%
EPS (diluted)
$0.18
$-0.55

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
AENT
AENT
AXSM
AXSM
Q4 25
$368.7M
$196.0M
Q3 25
$254.0M
$171.0M
Q2 25
$227.8M
$150.0M
Q1 25
$213.0M
$121.5M
Q4 24
$393.7M
$118.8M
Q3 24
$229.0M
$104.8M
Q2 24
$236.9M
$87.2M
Q1 24
$211.2M
$75.0M
Net Profit
AENT
AENT
AXSM
AXSM
Q4 25
$9.4M
$-28.6M
Q3 25
$4.9M
$-47.2M
Q2 25
$5.8M
$-48.0M
Q1 25
$1.9M
$-59.4M
Q4 24
$7.1M
$-74.9M
Q3 24
$397.0K
$-64.6M
Q2 24
$2.5M
$-79.3M
Q1 24
$-3.4M
$-68.4M
Operating Margin
AENT
AENT
AXSM
AXSM
Q4 25
4.7%
-13.8%
Q3 25
4.2%
-27.0%
Q2 25
4.3%
-24.5%
Q1 25
1.7%
-46.9%
Q4 24
3.8%
-61.1%
Q3 24
0.9%
-59.8%
Q2 24
0.2%
-89.5%
Q1 24
-0.3%
-89.7%
Net Margin
AENT
AENT
AXSM
AXSM
Q4 25
2.5%
-14.6%
Q3 25
1.9%
-27.6%
Q2 25
2.5%
-32.0%
Q1 25
0.9%
-48.9%
Q4 24
1.8%
-63.1%
Q3 24
0.2%
-61.7%
Q2 24
1.1%
-91.0%
Q1 24
-1.6%
-91.1%
EPS (diluted)
AENT
AENT
AXSM
AXSM
Q4 25
$0.18
$-0.55
Q3 25
$0.10
$-0.94
Q2 25
$0.11
$-0.97
Q1 25
$0.04
$-1.22
Q4 24
$0.14
$-1.54
Q3 24
$0.01
$-1.34
Q2 24
$0.05
$-1.67
Q1 24
$-0.07
$-1.44

Balance Sheet & Financial Strength

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

Metric
AENT
AENT
AXSM
AXSM
Cash + ST InvestmentsLiquidity on hand
$322.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$117.6M
$88.3M
Total Assets
$434.1M
$689.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
AXSM
AXSM
Q4 25
$322.9M
Q3 25
$325.3M
Q2 25
$303.0M
Q1 25
$300.9M
Q4 24
$315.4M
Q3 24
$4.3M
$327.3M
Q2 24
$1.1M
$315.7M
Q1 24
$1.6M
$331.4M
Stockholders' Equity
AENT
AENT
AXSM
AXSM
Q4 25
$117.6M
$88.3M
Q3 25
$108.1M
$73.7M
Q2 25
$103.2M
$73.1M
Q1 25
$97.4M
$53.2M
Q4 24
$95.6M
$57.0M
Q3 24
$88.0M
$92.9M
Q2 24
$87.6M
$102.9M
Q1 24
$85.1M
$144.0M
Total Assets
AENT
AENT
AXSM
AXSM
Q4 25
$434.1M
$689.8M
Q3 25
$383.0M
$669.3M
Q2 25
$361.2M
$639.8M
Q1 25
$349.4M
$596.7M
Q4 24
$401.7M
$568.5M
Q3 24
$395.7M
$561.5M
Q2 24
$340.8M
$548.2M
Q1 24
$324.0M
$545.7M

Cash Flow & Capital Efficiency

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

Metric
AENT
AENT
AXSM
AXSM
Operating Cash FlowLast quarter
$-16.5M
$-18.7M
Free Cash FlowOCF − Capex
$-16.9M
$-18.7M
FCF MarginFCF / Revenue
-4.6%
-9.6%
Capex IntensityCapex / Revenue
0.1%
0.0%
Cash ConversionOCF / Net Profit
-1.76×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M
$-93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
AXSM
AXSM
Q4 25
$-16.5M
$-18.7M
Q3 25
$2.7M
$1.0M
Q2 25
$10.7M
$-32.4M
Q1 25
$2.5M
$-43.4M
Q4 24
$25.3M
$-26.2M
Q3 24
$-11.6M
$-18.6M
Q2 24
$9.7M
$-30.1M
Q1 24
$20.0M
$-53.5M
Free Cash Flow
AENT
AENT
AXSM
AXSM
Q4 25
$-16.9M
$-18.7M
Q3 25
$2.4M
$988.0K
Q2 25
$10.7M
$-32.4M
Q1 25
$2.4M
$-43.7M
Q4 24
$-26.2M
Q3 24
$-11.6M
$-18.7M
Q2 24
$-30.2M
Q1 24
$20.0M
$-53.6M
FCF Margin
AENT
AENT
AXSM
AXSM
Q4 25
-4.6%
-9.6%
Q3 25
0.9%
0.6%
Q2 25
4.7%
-21.6%
Q1 25
1.1%
-36.0%
Q4 24
-22.1%
Q3 24
-5.1%
-17.9%
Q2 24
-34.6%
Q1 24
9.4%
-71.4%
Capex Intensity
AENT
AENT
AXSM
AXSM
Q4 25
0.1%
0.0%
Q3 25
0.1%
0.0%
Q2 25
0.0%
0.0%
Q1 25
0.0%
0.3%
Q4 24
0.0%
0.0%
Q3 24
0.0%
0.1%
Q2 24
0.1%
Q1 24
0.0%
0.1%
Cash Conversion
AENT
AENT
AXSM
AXSM
Q4 25
-1.76×
Q3 25
0.56×
Q2 25
1.86×
Q1 25
1.33×
Q4 24
3.57×
Q3 24
-29.31×
Q2 24
3.85×
Q1 24

Financial Flow Comparison

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

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