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Side-by-side financial comparison of Axos Financial, Inc. (AX) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $233.0M, roughly 1.7× CSW INDUSTRIALS, INC.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 4.4%, a 28.9% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 20.3%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $22.7M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 5.1%).
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.
AX vs CSW — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $233.0M |
| Net Profit | $128.4M | $10.3M |
| Gross Margin | — | 39.7% |
| Operating Margin | 45.6% | 7.4% |
| Net Margin | 33.3% | 4.4% |
| Revenue YoY | 25.1% | 20.3% |
| Net Profit YoY | 22.6% | -61.9% |
| EPS (diluted) | $2.22 | $0.62 |
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 | $385.1M | $233.0M | ||
| Q3 25 | $323.4M | $277.0M | ||
| Q2 25 | $321.4M | $263.6M | ||
| Q1 25 | $308.8M | $230.5M | ||
| Q4 24 | $307.9M | $193.6M | ||
| Q3 24 | $320.7M | $227.9M | ||
| Q2 24 | $290.9M | $226.2M | ||
| Q1 24 | $294.8M | $210.9M |
| Q4 25 | $128.4M | $10.3M | ||
| Q3 25 | $112.4M | $40.7M | ||
| Q2 25 | $110.7M | $40.9M | ||
| Q1 25 | $105.2M | $35.1M | ||
| Q4 24 | $104.7M | $26.9M | ||
| Q3 24 | $112.3M | $36.1M | ||
| Q2 24 | $104.9M | $38.6M | ||
| Q1 24 | $110.7M | $31.8M |
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | 45.6% | 7.4% | ||
| Q3 25 | 46.3% | 20.5% | ||
| Q2 25 | 48.5% | 20.8% | ||
| Q1 25 | 47.9% | 19.5% | ||
| Q4 24 | 48.8% | 15.3% | ||
| Q3 24 | 49.6% | 22.6% | ||
| Q2 24 | 49.6% | 24.3% | ||
| Q1 24 | 52.8% | 21.0% |
| Q4 25 | 33.3% | 4.4% | ||
| Q3 25 | 34.7% | 14.7% | ||
| Q2 25 | 34.4% | 15.5% | ||
| Q1 25 | 34.1% | 15.2% | ||
| Q4 24 | 34.0% | 13.9% | ||
| Q3 24 | 35.0% | 15.8% | ||
| Q2 24 | 36.0% | 17.1% | ||
| Q1 24 | 37.6% | 15.1% |
| Q4 25 | $2.22 | $0.62 | ||
| Q3 25 | $1.94 | $2.41 | ||
| Q2 25 | $1.89 | $2.43 | ||
| Q1 25 | $1.81 | $2.05 | ||
| Q4 24 | $1.80 | $1.60 | ||
| Q3 24 | $1.93 | $2.26 | ||
| Q2 24 | $1.75 | $2.47 | ||
| Q1 24 | $1.91 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $1.1B |
| Total Assets | $28.2B | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $40.2M | ||
| Q3 25 | $2.6B | $31.5M | ||
| Q2 25 | $1.9B | $38.0M | ||
| Q1 25 | $2.0B | $225.8M | ||
| Q4 24 | $2.4B | $213.8M | ||
| Q3 24 | $2.6B | $273.2M | ||
| Q2 24 | $2.0B | $18.9M | ||
| Q1 24 | $2.1B | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | $800.1M | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | $166.0M |
| Q4 25 | $2.9B | $1.1B | ||
| Q3 25 | $2.8B | $1.1B | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $2.3B | $650.2M | ||
| Q1 24 | $2.2B | $615.7M |
| Q4 25 | $28.2B | $2.3B | ||
| Q3 25 | $27.4B | $1.5B | ||
| Q2 25 | $24.8B | $1.5B | ||
| Q1 25 | $24.0B | $1.4B | ||
| Q4 24 | $23.7B | $1.4B | ||
| Q3 24 | $23.6B | $1.4B | ||
| Q2 24 | $22.9B | $1.1B | ||
| Q1 24 | $22.6B | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | 0.75× | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | 0.27× |
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 | $104.1M | $28.9M |
| Free Cash FlowOCF − Capex | $85.4M | $22.7M |
| FCF MarginFCF / Revenue | 22.2% | 9.8% |
| Capex IntensityCapex / Revenue | 4.9% | 2.6% |
| Cash ConversionOCF / Net Profit | 0.81× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $28.9M | ||
| Q3 25 | $118.4M | $61.8M | ||
| Q2 25 | $490.3M | $60.6M | ||
| Q1 25 | $73.7M | $27.3M | ||
| Q4 24 | $162.5M | $11.6M | ||
| Q3 24 | $70.8M | $66.8M | ||
| Q2 24 | $305.5M | $62.7M | ||
| Q1 24 | $115.8M | $22.4M |
| Q4 25 | $85.4M | $22.7M | ||
| Q3 25 | $109.3M | $58.7M | ||
| Q2 25 | $436.1M | $57.7M | ||
| Q1 25 | $65.1M | $22.8M | ||
| Q4 24 | $156.4M | $8.5M | ||
| Q3 24 | $53.0M | $61.3M | ||
| Q2 24 | $269.5M | $59.6M | ||
| Q1 24 | $107.3M | $17.5M |
| Q4 25 | 22.2% | 9.8% | ||
| Q3 25 | 33.8% | 21.2% | ||
| Q2 25 | 135.7% | 21.9% | ||
| Q1 25 | 21.1% | 9.9% | ||
| Q4 24 | 50.8% | 4.4% | ||
| Q3 24 | 16.5% | 26.9% | ||
| Q2 24 | 92.6% | 26.3% | ||
| Q1 24 | 36.4% | 8.3% |
| Q4 25 | 4.9% | 2.6% | ||
| Q3 25 | 2.8% | 1.1% | ||
| Q2 25 | 16.9% | 1.1% | ||
| Q1 25 | 2.8% | 2.0% | ||
| Q4 24 | 2.0% | 1.6% | ||
| Q3 24 | 5.5% | 2.4% | ||
| Q2 24 | 12.4% | 1.4% | ||
| Q1 24 | 2.9% | 2.3% |
| Q4 25 | 0.81× | 2.81× | ||
| Q3 25 | 1.05× | 1.52× | ||
| Q2 25 | 4.43× | 1.48× | ||
| Q1 25 | 0.70× | 0.78× | ||
| Q4 24 | 1.55× | 0.43× | ||
| Q3 24 | 0.63× | 1.85× | ||
| Q2 24 | 2.91× | 1.62× | ||
| Q1 24 | 1.05× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
