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

Designer Brands Inc. is the larger business by last-quarter revenue ($752.4M vs $392.2M, roughly 1.9× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 2.4%, a 29.4% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs -0.1%).

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.

Designer Brands Inc. is an American company that sells designer and name brand shoes and fashion accessories. It owns the Designer Shoe Warehouse (DSW) store chain, and operates over 500 stores in the United States and an e-commerce website.

AX vs DBI — Head-to-Head

Bigger by revenue
DBI
DBI
1.9× larger
DBI
$752.4M
$392.2M
AX
Higher net margin
AX
AX
29.4% more per $
AX
31.8%
2.4%
DBI
Faster 2-yr revenue CAGR
AX
AX
Annualised
AX
16.1%
-0.1%
DBI

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
AX
AX
DBI
DBI
Revenue
$392.2M
$752.4M
Net Profit
$124.7M
$18.2M
Gross Margin
45.1%
Operating Margin
5.7%
Net Margin
31.8%
2.4%
Revenue YoY
-3.2%
Net Profit YoY
18.5%
40.0%
EPS (diluted)
$2.15
$0.35

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
DBI
DBI
Q1 26
$392.2M
Q4 25
$385.1M
$752.4M
Q3 25
$323.4M
$739.8M
Q2 25
$321.4M
$686.9M
Q1 25
$308.8M
$713.6M
Q4 24
$307.9M
$777.2M
Q3 24
$320.7M
$771.9M
Q2 24
$290.9M
$746.6M
Net Profit
AX
AX
DBI
DBI
Q1 26
$124.7M
Q4 25
$128.4M
$18.2M
Q3 25
$112.4M
$10.8M
Q2 25
$110.7M
$-17.4M
Q1 25
$105.2M
$-38.2M
Q4 24
$104.7M
$13.0M
Q3 24
$112.3M
$13.8M
Q2 24
$104.9M
$783.0K
Gross Margin
AX
AX
DBI
DBI
Q1 26
Q4 25
45.1%
Q3 25
43.7%
Q2 25
43.0%
Q1 25
75.7%
Q4 24
43.0%
Q3 24
44.0%
Q2 24
44.2%
Operating Margin
AX
AX
DBI
DBI
Q1 26
Q4 25
45.6%
5.7%
Q3 25
46.3%
3.6%
Q2 25
48.5%
-1.1%
Q1 25
47.9%
-3.6%
Q4 24
48.8%
2.9%
Q3 24
49.6%
3.7%
Q2 24
49.6%
1.3%
Net Margin
AX
AX
DBI
DBI
Q1 26
31.8%
Q4 25
33.3%
2.4%
Q3 25
34.7%
1.5%
Q2 25
34.4%
-2.5%
Q1 25
34.1%
-5.3%
Q4 24
34.0%
1.7%
Q3 24
35.0%
1.8%
Q2 24
36.0%
0.1%
EPS (diluted)
AX
AX
DBI
DBI
Q1 26
$2.15
Q4 25
$2.22
$0.35
Q3 25
$1.94
$0.22
Q2 25
$1.89
$-0.36
Q1 25
$1.81
$-0.69
Q4 24
$1.80
$0.24
Q3 24
$1.93
$0.24
Q2 24
$1.75
$0.01

Balance Sheet & Financial Strength

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

Metric
AX
AX
DBI
DBI
Cash + ST InvestmentsLiquidity on hand
$51.4M
Total DebtLower is stronger
$463.1M
Stockholders' EquityBook value
$3.1B
$298.6M
Total Assets
$29.2B
$2.1B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AX
AX
DBI
DBI
Q1 26
Q4 25
$1.0B
$51.4M
Q3 25
$2.6B
$44.9M
Q2 25
$1.9B
$46.0M
Q1 25
$2.0B
$44.8M
Q4 24
$2.4B
$36.2M
Q3 24
$2.6B
$38.8M
Q2 24
$2.0B
$43.4M
Total Debt
AX
AX
DBI
DBI
Q1 26
Q4 25
$463.1M
Q3 25
$509.6M
Q2 25
$312.7M
$516.2M
Q1 25
$377.4M
$484.3M
Q4 24
$358.7M
$529.6M
Q3 24
$313.5M
$459.0M
Q2 24
$325.7M
$469.3M
Stockholders' Equity
AX
AX
DBI
DBI
Q1 26
$3.1B
Q4 25
$2.9B
$298.6M
Q3 25
$2.8B
$280.8M
Q2 25
$2.7B
$266.9M
Q1 25
$2.6B
$278.5M
Q4 24
$2.5B
$318.5M
Q3 24
$2.4B
$355.5M
Q2 24
$2.3B
$358.5M
Total Assets
AX
AX
DBI
DBI
Q1 26
$29.2B
Q4 25
$28.2B
$2.1B
Q3 25
$27.4B
$2.1B
Q2 25
$24.8B
$2.1B
Q1 25
$24.0B
$2.0B
Q4 24
$23.7B
$2.1B
Q3 24
$23.6B
$2.1B
Q2 24
$22.9B
$2.2B
Debt / Equity
AX
AX
DBI
DBI
Q1 26
Q4 25
1.55×
Q3 25
1.81×
Q2 25
0.12×
1.93×
Q1 25
0.14×
1.74×
Q4 24
0.14×
1.66×
Q3 24
0.13×
1.29×
Q2 24
0.14×
1.31×

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
DBI
DBI
Operating Cash FlowLast quarter
$66.5M
Free Cash FlowOCF − Capex
$57.5M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$99.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AX
AX
DBI
DBI
Q1 26
Q4 25
$104.1M
$66.5M
Q3 25
$118.4M
$21.4M
Q2 25
$490.3M
$-20.4M
Q1 25
$73.7M
$70.1M
Q4 24
$162.5M
$-9.8M
Q3 24
$70.8M
$41.6M
Q2 24
$305.5M
$-19.7M
Free Cash Flow
AX
AX
DBI
DBI
Q1 26
Q4 25
$85.4M
$57.5M
Q3 25
$109.3M
$11.9M
Q2 25
$436.1M
$-27.6M
Q1 25
$65.1M
$58.1M
Q4 24
$156.4M
$-19.2M
Q3 24
$53.0M
$28.0M
Q2 24
$269.5M
$-35.6M
FCF Margin
AX
AX
DBI
DBI
Q1 26
Q4 25
22.2%
7.6%
Q3 25
33.8%
1.6%
Q2 25
135.7%
-4.0%
Q1 25
21.1%
8.1%
Q4 24
50.8%
-2.5%
Q3 24
16.5%
3.6%
Q2 24
92.6%
-4.8%
Capex Intensity
AX
AX
DBI
DBI
Q1 26
Q4 25
4.9%
1.2%
Q3 25
2.8%
1.3%
Q2 25
16.9%
1.1%
Q1 25
2.8%
1.7%
Q4 24
2.0%
1.2%
Q3 24
5.5%
1.8%
Q2 24
12.4%
2.1%
Cash Conversion
AX
AX
DBI
DBI
Q1 26
Q4 25
0.81×
3.65×
Q3 25
1.05×
1.98×
Q2 25
4.43×
Q1 25
0.70×
Q4 24
1.55×
-0.75×
Q3 24
0.63×
3.01×
Q2 24
2.91×
-25.13×

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%

DBI
DBI

Womens$280.7M37%
Athletic Footwear$188.6M25%
Wholesale$89.8M12%
Canada Retail Segment$77.3M10%
Mens$76.1M10%
Kids$24.2M3%
Commission Income$10.8M1%
Directto Consumer$1.3M0%

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