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Side-by-side financial comparison of Axos Financial, Inc. (AX) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
B&G Foods, Inc. is the larger business by last-quarter revenue ($439.3M vs $392.2M, roughly 1.1× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs -4.4%, a 36.1% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs -12.8%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
AX vs BGS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $439.3M |
| Net Profit | $124.7M | $-19.1M |
| Gross Margin | — | 22.5% |
| Operating Margin | — | 2.5% |
| Net Margin | 31.8% | -4.4% |
| Revenue YoY | — | -4.7% |
| Net Profit YoY | 18.5% | -356.5% |
| EPS (diluted) | $2.15 | $-0.24 |
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.
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | — | ||
| Q3 25 | $323.4M | $439.3M | ||
| Q2 25 | $321.4M | $424.4M | ||
| Q1 25 | $308.8M | $425.4M | ||
| Q4 24 | $307.9M | $551.6M | ||
| Q3 24 | $320.7M | $461.1M | ||
| Q2 24 | $290.9M | $444.6M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | — | ||
| Q3 25 | $112.4M | $-19.1M | ||
| Q2 25 | $110.7M | $-9.8M | ||
| Q1 25 | $105.2M | $835.0K | ||
| Q4 24 | $104.7M | $-222.4M | ||
| Q3 24 | $112.3M | $7.5M | ||
| Q2 24 | $104.9M | $3.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 20.7% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | — | ||
| Q3 25 | 46.3% | 2.5% | ||
| Q2 25 | 48.5% | 5.2% | ||
| Q1 25 | 47.9% | 8.4% | ||
| Q4 24 | 48.8% | -46.6% | ||
| Q3 24 | 49.6% | 11.1% | ||
| Q2 24 | 49.6% | 9.9% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.7% | -4.4% | ||
| Q2 25 | 34.4% | -2.3% | ||
| Q1 25 | 34.1% | 0.2% | ||
| Q4 24 | 34.0% | -40.3% | ||
| Q3 24 | 35.0% | 1.6% | ||
| Q2 24 | 36.0% | 0.9% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $-0.24 | ||
| Q2 25 | $1.89 | $-0.12 | ||
| Q1 25 | $1.81 | $0.01 | ||
| Q4 24 | $1.80 | $-2.81 | ||
| Q3 24 | $1.93 | $0.09 | ||
| Q2 24 | $1.75 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $60.9M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $3.1B | $470.7M |
| Total Assets | $29.2B | $2.9B |
| Debt / EquityLower = less leverage | — | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $2.6B | $60.9M | ||
| Q2 25 | $1.9B | $54.1M | ||
| Q1 25 | $2.0B | $61.2M | ||
| Q4 24 | $2.4B | $50.6M | ||
| Q3 24 | $2.6B | $54.7M | ||
| Q2 24 | $2.0B | $40.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $312.7M | $2.0B | ||
| Q1 25 | $377.4M | $2.0B | ||
| Q4 24 | $358.7M | $2.0B | ||
| Q3 24 | $313.5M | $2.1B | ||
| Q2 24 | $325.7M | $2.0B |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $470.7M | ||
| Q2 25 | $2.7B | $501.4M | ||
| Q1 25 | $2.6B | $513.1M | ||
| Q4 24 | $2.5B | $524.8M | ||
| Q3 24 | $2.4B | $755.3M | ||
| Q2 24 | $2.3B | $765.0M |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | — | ||
| Q3 25 | $27.4B | $2.9B | ||
| Q2 25 | $24.8B | $2.9B | ||
| Q1 25 | $24.0B | $3.0B | ||
| Q4 24 | $23.7B | $3.0B | ||
| Q3 24 | $23.6B | $3.4B | ||
| Q2 24 | $22.9B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | 0.12× | 3.97× | ||
| Q1 25 | 0.14× | 3.91× | ||
| Q4 24 | 0.14× | 3.85× | ||
| Q3 24 | 0.13× | 2.75× | ||
| Q2 24 | 0.14× | 2.67× |
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 | — | $-64.6M |
| Free Cash FlowOCF − Capex | — | $-70.7M |
| FCF MarginFCF / Revenue | — | -16.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $118.4M | $-64.6M | ||
| Q2 25 | $490.3M | $17.8M | ||
| Q1 25 | $73.7M | $52.7M | ||
| Q4 24 | $162.5M | $80.3M | ||
| Q3 24 | $70.8M | $4.2M | ||
| Q2 24 | $305.5M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | $-70.7M | ||
| Q2 25 | $436.1M | $11.5M | ||
| Q1 25 | $65.1M | $42.4M | ||
| Q4 24 | $156.4M | $71.7M | ||
| Q3 24 | $53.0M | $-679.0K | ||
| Q2 24 | $269.5M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | -16.1% | ||
| Q2 25 | 135.7% | 2.7% | ||
| Q1 25 | 21.1% | 10.0% | ||
| Q4 24 | 50.8% | 13.0% | ||
| Q3 24 | 16.5% | -0.1% | ||
| Q2 24 | 92.6% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | 1.4% | ||
| Q2 25 | 16.9% | 1.5% | ||
| Q1 25 | 2.8% | 2.4% | ||
| Q4 24 | 2.0% | 1.6% | ||
| Q3 24 | 5.5% | 1.0% | ||
| Q2 24 | 12.4% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | 63.17× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | 0.56× | ||
| Q2 24 | 2.91× | 2.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
