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Side-by-side financial comparison of Axos Financial, Inc. (AX) and CECO ENVIRONMENTAL CORP (CECO). Click either name above to swap in a different company.

Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $205.9M, roughly 1.9× CECO ENVIRONMENTAL CORP). On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 16.5%). Over the past eight quarters, CECO ENVIRONMENTAL CORP's revenue compounded faster (22.4% CAGR vs 14.3%).

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.

CECO Environmental Corp. is an American industrial technology company founded in 1966 and headquartered in Dallas, Texas. It is publicly traded on the Nasdaq Stock Market under the ticker symbol CECO. The company provides air pollution control technology, products, and services for industrial markets, including manufacturing, chemical processing, energy, and refining.

AX vs CECO — Head-to-Head

Bigger by revenue
AX
AX
1.9× larger
AX
$385.1M
$205.9M
CECO
Growing faster (revenue YoY)
AX
AX
+8.5% gap
AX
25.1%
16.5%
CECO
Faster 2-yr revenue CAGR
CECO
CECO
Annualised
CECO
22.4%
14.3%
AX

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AX
AX
CECO
CECO
Revenue
$385.1M
$205.9M
Net Profit
$128.4M
Gross Margin
31.0%
Operating Margin
45.6%
0.9%
Net Margin
33.3%
Revenue YoY
25.1%
16.5%
Net Profit YoY
22.6%
EPS (diluted)
$2.22
$0.98

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
CECO
CECO
Q1 26
$205.9M
Q4 25
$385.1M
$214.7M
Q3 25
$323.4M
$197.6M
Q2 25
$321.4M
$185.4M
Q1 25
$308.8M
$176.7M
Q4 24
$307.9M
$158.6M
Q3 24
$320.7M
$135.5M
Q2 24
$290.9M
$137.5M
Net Profit
AX
AX
CECO
CECO
Q1 26
Q4 25
$128.4M
$3.1M
Q3 25
$112.4M
$1.5M
Q2 25
$110.7M
$9.5M
Q1 25
$105.2M
$36.0M
Q4 24
$104.7M
$4.9M
Q3 24
$112.3M
$2.1M
Q2 24
$104.9M
$4.5M
Gross Margin
AX
AX
CECO
CECO
Q1 26
31.0%
Q4 25
35.1%
Q3 25
32.7%
Q2 25
36.2%
Q1 25
35.2%
Q4 24
35.8%
Q3 24
33.4%
Q2 24
35.7%
Operating Margin
AX
AX
CECO
CECO
Q1 26
0.9%
Q4 25
45.6%
7.7%
Q3 25
46.3%
4.8%
Q2 25
48.5%
9.7%
Q1 25
47.9%
35.0%
Q4 24
48.8%
7.1%
Q3 24
49.6%
5.3%
Q2 24
49.6%
6.7%
Net Margin
AX
AX
CECO
CECO
Q1 26
Q4 25
33.3%
1.4%
Q3 25
34.7%
0.8%
Q2 25
34.4%
5.1%
Q1 25
34.1%
20.4%
Q4 24
34.0%
3.1%
Q3 24
35.0%
1.5%
Q2 24
36.0%
3.3%
EPS (diluted)
AX
AX
CECO
CECO
Q1 26
$0.98
Q4 25
$2.22
$0.09
Q3 25
$1.94
$0.04
Q2 25
$1.89
$0.26
Q1 25
$1.81
$0.98
Q4 24
$1.80
$0.14
Q3 24
$1.93
$0.06
Q2 24
$1.75
$0.12

Balance Sheet & Financial Strength

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

Metric
AX
AX
CECO
CECO
Cash + ST InvestmentsLiquidity on hand
$1.0B
$45.4M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$2.9B
$317.2M
Total Assets
$28.2B
$1.0B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AX
AX
CECO
CECO
Q1 26
$45.4M
Q4 25
$1.0B
$33.1M
Q3 25
$2.6B
$32.8M
Q2 25
$1.9B
$36.8M
Q1 25
$2.0B
$146.5M
Q4 24
$2.4B
$37.8M
Q3 24
$2.6B
$38.7M
Q2 24
$2.0B
$36.5M
Total Debt
AX
AX
CECO
CECO
Q1 26
$5.3M
Q4 25
$212.4M
Q3 25
$220.9M
Q2 25
$312.7M
$238.7M
Q1 25
$377.4M
$339.7M
Q4 24
$358.7M
$218.9M
Q3 24
$313.5M
$133.4M
Q2 24
$325.7M
$130.8M
Stockholders' Equity
AX
AX
CECO
CECO
Q1 26
$317.2M
Q4 25
$2.9B
$317.5M
Q3 25
$2.8B
$309.2M
Q2 25
$2.7B
$298.4M
Q1 25
$2.6B
$285.8M
Q4 24
$2.5B
$247.7M
Q3 24
$2.4B
$241.3M
Q2 24
$2.3B
$235.0M
Total Assets
AX
AX
CECO
CECO
Q1 26
$1.0B
Q4 25
$28.2B
$893.8M
Q3 25
$27.4B
$891.9M
Q2 25
$24.8B
$876.6M
Q1 25
$24.0B
$957.1M
Q4 24
$23.7B
$759.7M
Q3 24
$23.6B
$621.5M
Q2 24
$22.9B
$598.1M
Debt / Equity
AX
AX
CECO
CECO
Q1 26
0.02×
Q4 25
0.67×
Q3 25
0.71×
Q2 25
0.12×
0.80×
Q1 25
0.14×
1.19×
Q4 24
0.14×
0.88×
Q3 24
0.13×
0.55×
Q2 24
0.14×
0.56×

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
CECO
CECO
Operating Cash FlowLast quarter
$104.1M
Free Cash FlowOCF − Capex
$85.4M
FCF MarginFCF / Revenue
22.2%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$695.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AX
AX
CECO
CECO
Q1 26
Q4 25
$104.1M
$10.0M
Q3 25
$118.4M
$15.3M
Q2 25
$490.3M
$-7.7M
Q1 25
$73.7M
$-11.7M
Q4 24
$162.5M
$1.8M
Q3 24
$70.8M
$15.1M
Q2 24
$305.5M
$6.7M
Free Cash Flow
AX
AX
CECO
CECO
Q1 26
Q4 25
$85.4M
$7.3M
Q3 25
$109.3M
$11.0M
Q2 25
$436.1M
$-8.7M
Q1 25
$65.1M
$-15.1M
Q4 24
$156.4M
$-4.3M
Q3 24
$53.0M
$11.1M
Q2 24
$269.5M
$2.5M
FCF Margin
AX
AX
CECO
CECO
Q1 26
Q4 25
22.2%
3.4%
Q3 25
33.8%
5.6%
Q2 25
135.7%
-4.7%
Q1 25
21.1%
-8.5%
Q4 24
50.8%
-2.7%
Q3 24
16.5%
8.2%
Q2 24
92.6%
1.9%
Capex Intensity
AX
AX
CECO
CECO
Q1 26
Q4 25
4.9%
1.2%
Q3 25
2.8%
2.1%
Q2 25
16.9%
0.6%
Q1 25
2.8%
1.9%
Q4 24
2.0%
3.9%
Q3 24
5.5%
3.0%
Q2 24
12.4%
3.0%
Cash Conversion
AX
AX
CECO
CECO
Q1 26
Q4 25
0.81×
3.26×
Q3 25
1.05×
10.18×
Q2 25
4.43×
-0.81×
Q1 25
0.70×
-0.33×
Q4 24
1.55×
0.37×
Q3 24
0.63×
7.24×
Q2 24
2.91×
1.49×

Financial Flow Comparison

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

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