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Side-by-side financial comparison of Aterian, Inc. (ATER) and Axil Brands, Inc. (AXIL). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $8.1M, roughly 1.9× Axil Brands, Inc.). Axil Brands, Inc. runs the higher net margin — 8.7% vs -52.5%, a 61.2% gap on every dollar of revenue. On growth, Axil Brands, Inc. posted the faster year-over-year revenue change (5.2% vs -38.5%). Axil Brands, Inc. produced more free cash flow last quarter ($906.4K vs $-1.0M). Over the past eight quarters, Axil Brands, Inc.'s revenue compounded faster (12.1% CAGR vs -13.5%).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
Axil Brands, Inc. is a U.S.-headquartered company that designs, manufactures and markets premium hearing protection products, audio enhancement devices and personal audio accessories. Its offerings include custom-fit earplugs, Bluetooth-enabled hearing buds for work, sports and leisure use, serving both consumer and professional segments across global markets.
ATER vs AXIL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $8.1M |
| Net Profit | $-7.9M | $704.9K |
| Gross Margin | 56.1% | 68.1% |
| Operating Margin | -51.1% | 11.1% |
| Net Margin | -52.5% | 8.7% |
| Revenue YoY | -38.5% | 5.2% |
| Net Profit YoY | -512.2% | 11.2% |
| EPS (diluted) | — | $0.09 |
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.
| Q4 25 | $15.1M | $8.1M | ||
| Q3 25 | $19.0M | $6.9M | ||
| Q2 25 | $19.5M | $5.8M | ||
| Q1 25 | $15.4M | $6.9M | ||
| Q4 24 | $24.6M | $7.7M | ||
| Q3 24 | $26.2M | $5.9M | ||
| Q2 24 | $28.0M | $6.5M | ||
| Q1 24 | $20.2M | $6.5M |
| Q4 25 | $-7.9M | $704.9K | ||
| Q3 25 | $-2.3M | $334.3K | ||
| Q2 25 | $-4.9M | $-245.6K | ||
| Q1 25 | $-3.9M | $576.7K | ||
| Q4 24 | $-1.3M | $633.7K | ||
| Q3 24 | $-1.8M | $-109.8K | ||
| Q2 24 | $-3.6M | $49.5K | ||
| Q1 24 | $-5.2M | $781.1K |
| Q4 25 | 56.1% | 68.1% | ||
| Q3 25 | 56.1% | 67.6% | ||
| Q2 25 | 54.3% | 70.0% | ||
| Q1 25 | 61.4% | 71.7% | ||
| Q4 24 | 63.4% | 71.1% | ||
| Q3 24 | 60.3% | 71.0% | ||
| Q2 24 | 60.4% | 71.5% | ||
| Q1 24 | 65.1% | 71.5% |
| Q4 25 | -51.1% | 11.1% | ||
| Q3 25 | -10.7% | 6.0% | ||
| Q2 25 | -23.1% | 0.8% | ||
| Q1 25 | -24.1% | 8.4% | ||
| Q4 24 | -6.5% | 8.7% | ||
| Q3 24 | -6.6% | -2.4% | ||
| Q2 24 | -11.5% | 2.6% | ||
| Q1 24 | -26.1% | -1.6% |
| Q4 25 | -52.5% | 8.7% | ||
| Q3 25 | -12.0% | 4.9% | ||
| Q2 25 | -25.0% | -4.3% | ||
| Q1 25 | -25.4% | 8.3% | ||
| Q4 24 | -5.3% | 8.2% | ||
| Q3 24 | -6.8% | -1.9% | ||
| Q2 24 | -13.0% | 0.8% | ||
| Q1 24 | -25.5% | 12.1% |
| Q4 25 | — | $0.09 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $-0.02 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $5.0M |
| Total DebtLower is stronger | — | $138.3K |
| Stockholders' EquityBook value | $15.2M | $11.1M |
| Total Assets | $29.6M | $16.2M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $5.0M | ||
| Q3 25 | $7.6M | $4.1M | ||
| Q2 25 | $10.5M | $4.8M | ||
| Q1 25 | $14.3M | $4.7M | ||
| Q4 24 | $18.0M | $5.2M | ||
| Q3 24 | $16.1M | $4.1M | ||
| Q2 24 | $20.3M | $3.3M | ||
| Q1 24 | $17.5M | $4.9M |
| Q4 25 | — | $138.3K | ||
| Q3 25 | — | $139.2K | ||
| Q2 25 | — | $140.2K | ||
| Q1 25 | — | $141.0K | ||
| Q4 24 | — | $143.3K | ||
| Q3 24 | — | $144.3K | ||
| Q2 24 | — | $146.6K | ||
| Q1 24 | — | — |
| Q4 25 | $15.2M | $11.1M | ||
| Q3 25 | $22.6M | $10.2M | ||
| Q2 25 | $24.3M | $9.7M | ||
| Q1 25 | $27.0M | $9.7M | ||
| Q4 24 | $30.0M | $8.8M | ||
| Q3 24 | $30.6M | $7.9M | ||
| Q2 24 | $30.9M | $7.7M | ||
| Q1 24 | $33.0M | $8.8M |
| Q4 25 | $29.6M | $16.2M | ||
| Q3 25 | $40.1M | $15.4M | ||
| Q2 25 | $45.4M | $12.9M | ||
| Q1 25 | $49.8M | $13.0M | ||
| Q4 24 | $49.5M | $13.7M | ||
| Q3 24 | $52.1M | $11.4M | ||
| Q2 24 | $59.9M | $11.0M | ||
| Q1 24 | $55.7M | $12.7M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $934.8K |
| Free Cash FlowOCF − Capex | $-1.0M | $906.4K |
| FCF MarginFCF / Revenue | -6.9% | 11.1% |
| Capex IntensityCapex / Revenue | 0.0% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $934.8K | ||
| Q3 25 | $-1.6M | $-739.2K | ||
| Q2 25 | $-4.4M | $194.4K | ||
| Q1 25 | $-3.9M | $-169.9K | ||
| Q4 24 | $-9.0K | $1.0M | ||
| Q3 24 | $-722.0K | $897.3K | ||
| Q2 24 | $2.9M | $-336.6K | ||
| Q1 24 | $-6.0K | $-912.8K |
| Q4 25 | $-1.0M | $906.4K | ||
| Q3 25 | $-1.6M | $-747.6K | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | — | $-258.2K | ||
| Q4 24 | — | $941.1K | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.9M | $-394.9K | ||
| Q1 24 | $-42.0K | $-922.1K |
| Q4 25 | -6.9% | 11.1% | ||
| Q3 25 | -8.4% | -10.9% | ||
| Q2 25 | -22.7% | — | ||
| Q1 25 | — | -3.7% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | 10.3% | -6.1% | ||
| Q1 24 | -0.2% | -14.3% |
| Q4 25 | 0.0% | 0.3% | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | 1.3% | ||
| Q4 24 | 0.0% | 0.9% | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | 0.9% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | — | 1.33× | ||
| Q3 25 | — | -2.21× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.29× | ||
| Q4 24 | — | 1.59× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -6.80× | ||
| Q1 24 | — | -1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
AXIL
| Hearing Enhancement And Protection | $7.8M | 95% |
| Other | $378.9K | 5% |
