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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Caris Life Sciences, Inc. (CAI). Click either name above to swap in a different company.

Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $216.8M, roughly 1.8× Caris Life Sciences, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 11.2%, a 20.6% gap on every dollar of revenue.

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.

Caris Life Sciences is a leading precision medicine biotech company specializing in advanced molecular profiling for oncology. It provides actionable genomic and molecular insights to oncologists to personalize cancer treatment plans, and partners with biopharmaceutical firms to accelerate novel cancer drug discovery and development, serving customers across North America, Europe, and key Asia-Pacific markets.

AX vs CAI — Head-to-Head

Bigger by revenue
AX
AX
1.8× larger
AX
$392.2M
$216.8M
CAI
Higher net margin
AX
AX
20.6% more per $
AX
31.8%
11.2%
CAI

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
AX
AX
CAI
CAI
Revenue
$392.2M
$216.8M
Net Profit
$124.7M
$24.3M
Gross Margin
Operating Margin
15.1%
Net Margin
31.8%
11.2%
Revenue YoY
113.4%
Net Profit YoY
18.5%
135.9%
EPS (diluted)
$2.15
$0.08

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
AX
AX
CAI
CAI
Q1 26
$392.2M
Q4 25
$385.1M
Q3 25
$323.4M
$216.8M
Q2 25
$321.4M
$181.4M
Q1 25
$308.8M
Q4 24
$307.9M
Q3 24
$320.7M
$101.6M
Q2 24
$290.9M
$100.0M
Net Profit
AX
AX
CAI
CAI
Q1 26
$124.7M
Q4 25
$128.4M
Q3 25
$112.4M
$24.3M
Q2 25
$110.7M
$-71.8M
Q1 25
$105.2M
Q4 24
$104.7M
Q3 24
$112.3M
$-67.7M
Q2 24
$104.9M
$-66.2M
Operating Margin
AX
AX
CAI
CAI
Q1 26
Q4 25
45.6%
Q3 25
46.3%
15.1%
Q2 25
48.5%
-9.9%
Q1 25
47.9%
Q4 24
48.8%
Q3 24
49.6%
-59.9%
Q2 24
49.6%
-67.0%
Net Margin
AX
AX
CAI
CAI
Q1 26
31.8%
Q4 25
33.3%
Q3 25
34.7%
11.2%
Q2 25
34.4%
-39.6%
Q1 25
34.1%
Q4 24
34.0%
Q3 24
35.0%
-66.6%
Q2 24
36.0%
-66.2%
EPS (diluted)
AX
AX
CAI
CAI
Q1 26
$2.15
Q4 25
$2.22
Q3 25
$1.94
$0.08
Q2 25
$1.89
$-7.97
Q1 25
$1.81
Q4 24
$1.80
Q3 24
$1.93
$-2.59
Q2 24
$1.75
$-2.54

Balance Sheet & Financial Strength

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

Metric
AX
AX
CAI
CAI
Cash + ST InvestmentsLiquidity on hand
$755.5M
Total DebtLower is stronger
$375.9M
Stockholders' EquityBook value
$3.1B
$478.4M
Total Assets
$29.2B
$984.6M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AX
AX
CAI
CAI
Q1 26
Q4 25
$1.0B
Q3 25
$2.6B
$755.5M
Q2 25
$1.9B
$721.2M
Q1 25
$2.0B
Q4 24
$2.4B
Q3 24
$2.6B
Q2 24
$2.0B
Total Debt
AX
AX
CAI
CAI
Q1 26
Q4 25
Q3 25
$375.9M
Q2 25
$312.7M
$373.4M
Q1 25
$377.4M
Q4 24
$358.7M
Q3 24
$313.5M
Q2 24
$325.7M
Stockholders' Equity
AX
AX
CAI
CAI
Q1 26
$3.1B
Q4 25
$2.9B
Q3 25
$2.8B
$478.4M
Q2 25
$2.7B
$452.9M
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.4B
$-2.4B
Q2 24
$2.3B
$-2.4B
Total Assets
AX
AX
CAI
CAI
Q1 26
$29.2B
Q4 25
$28.2B
Q3 25
$27.4B
$984.6M
Q2 25
$24.8B
$955.1M
Q1 25
$24.0B
Q4 24
$23.7B
Q3 24
$23.6B
Q2 24
$22.9B
Debt / Equity
AX
AX
CAI
CAI
Q1 26
Q4 25
Q3 25
0.79×
Q2 25
0.12×
0.82×
Q1 25
0.14×
Q4 24
0.14×
Q3 24
0.13×
Q2 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
AX
AX
CAI
CAI
Operating Cash FlowLast quarter
$62.4M
Free Cash FlowOCF − Capex
$55.3M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
2.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AX
AX
CAI
CAI
Q1 26
Q4 25
$104.1M
Q3 25
$118.4M
$62.4M
Q2 25
$490.3M
Q1 25
$73.7M
Q4 24
$162.5M
Q3 24
$70.8M
Q2 24
$305.5M
Free Cash Flow
AX
AX
CAI
CAI
Q1 26
Q4 25
$85.4M
Q3 25
$109.3M
$55.3M
Q2 25
$436.1M
Q1 25
$65.1M
Q4 24
$156.4M
Q3 24
$53.0M
Q2 24
$269.5M
FCF Margin
AX
AX
CAI
CAI
Q1 26
Q4 25
22.2%
Q3 25
33.8%
25.5%
Q2 25
135.7%
Q1 25
21.1%
Q4 24
50.8%
Q3 24
16.5%
Q2 24
92.6%
Capex Intensity
AX
AX
CAI
CAI
Q1 26
Q4 25
4.9%
Q3 25
2.8%
3.3%
Q2 25
16.9%
Q1 25
2.8%
Q4 24
2.0%
Q3 24
5.5%
Q2 24
12.4%
Cash Conversion
AX
AX
CAI
CAI
Q1 26
Q4 25
0.81×
Q3 25
1.05×
2.57×
Q2 25
4.43×
Q1 25
0.70×
Q4 24
1.55×
Q3 24
0.63×
Q2 24
2.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AX
AX

Net Interest Income$306.3M78%
Noninterest Income$86.0M22%

CAI
CAI

Molecular Profiling Services$207.6M96%
Pharma Research And Development Services$9.2M4%

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