vs
Side-by-side financial comparison of Axos Financial, Inc. (AX) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $392.2M, roughly 1.2× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 0.7%, a 31.1% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 7.6%).
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.
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
AX vs EYE — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $487.3M |
| Net Profit | $124.7M | $3.4M |
| Gross Margin | — | — |
| Operating Margin | — | 2.0% |
| Net Margin | 31.8% | 0.7% |
| Revenue YoY | — | 7.9% |
| Net Profit YoY | 18.5% | 139.8% |
| EPS (diluted) | $2.15 | $0.04 |
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 | $487.3M | ||
| Q2 25 | $321.4M | $486.4M | ||
| Q1 25 | $308.8M | $510.3M | ||
| Q4 24 | $307.9M | $437.3M | ||
| Q3 24 | $320.7M | $451.5M | ||
| Q2 24 | $290.9M | $451.7M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | — | ||
| Q3 25 | $112.4M | $3.4M | ||
| Q2 25 | $110.7M | $8.7M | ||
| Q1 25 | $105.2M | $14.2M | ||
| Q4 24 | $104.7M | $-28.6M | ||
| Q3 24 | $112.3M | $-8.5M | ||
| Q2 24 | $104.9M | $-3.1M |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | — | ||
| Q3 25 | 46.3% | 2.0% | ||
| Q2 25 | 48.5% | 3.4% | ||
| Q1 25 | 47.9% | 5.1% | ||
| Q4 24 | 48.8% | -5.8% | ||
| Q3 24 | 49.6% | -2.0% | ||
| Q2 24 | 49.6% | 0.1% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.7% | 0.7% | ||
| Q2 25 | 34.4% | 1.8% | ||
| Q1 25 | 34.1% | 2.8% | ||
| Q4 24 | 34.0% | -6.5% | ||
| Q3 24 | 35.0% | -1.9% | ||
| Q2 24 | 36.0% | -0.7% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $0.04 | ||
| Q2 25 | $1.89 | $0.11 | ||
| Q1 25 | $1.81 | $0.18 | ||
| Q4 24 | $1.80 | $-0.36 | ||
| Q3 24 | $1.93 | $-0.11 | ||
| Q2 24 | $1.75 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $56.0M |
| Total DebtLower is stronger | — | $236.5M |
| Stockholders' EquityBook value | $3.1B | $858.8M |
| Total Assets | $29.2B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $2.6B | $56.0M | ||
| Q2 25 | $1.9B | $48.5M | ||
| Q1 25 | $2.0B | $80.0M | ||
| Q4 24 | $2.4B | $73.9M | ||
| Q3 24 | $2.6B | $81.2M | ||
| Q2 24 | $2.0B | $179.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $236.5M | ||
| Q2 25 | $312.7M | $255.6M | ||
| Q1 25 | $377.4M | $244.7M | ||
| Q4 24 | $358.7M | $248.6M | ||
| Q3 24 | $313.5M | $252.8M | ||
| Q2 24 | $325.7M | $143.9M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $858.8M | ||
| Q2 25 | $2.7B | $850.6M | ||
| Q1 25 | $2.6B | $836.2M | ||
| Q4 24 | $2.5B | $816.3M | ||
| Q3 24 | $2.4B | $840.0M | ||
| Q2 24 | $2.3B | $843.4M |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | — | ||
| Q3 25 | $27.4B | $2.0B | ||
| Q2 25 | $24.8B | $2.0B | ||
| Q1 25 | $24.0B | $2.0B | ||
| Q4 24 | $23.7B | $2.0B | ||
| Q3 24 | $23.6B | $2.0B | ||
| Q2 24 | $22.9B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | 0.12× | 0.30× | ||
| Q1 25 | 0.14× | 0.29× | ||
| Q4 24 | 0.14× | 0.30× | ||
| Q3 24 | 0.13× | 0.30× | ||
| Q2 24 | 0.14× | 0.17× |
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 | — | $46.6M |
| Free Cash FlowOCF − Capex | — | $30.3M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | 13.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $118.4M | $46.6M | ||
| Q2 25 | $490.3M | $54.3M | ||
| Q1 25 | $73.7M | $32.2M | ||
| Q4 24 | $162.5M | $30.3M | ||
| Q3 24 | $70.8M | $27.9M | ||
| Q2 24 | $305.5M | $51.5M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | $30.3M | ||
| Q2 25 | $436.1M | $42.4M | ||
| Q1 25 | $65.1M | $12.0M | ||
| Q4 24 | $156.4M | $-1.7M | ||
| Q3 24 | $53.0M | $4.1M | ||
| Q2 24 | $269.5M | $31.9M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | 6.2% | ||
| Q2 25 | 135.7% | 8.7% | ||
| Q1 25 | 21.1% | 2.4% | ||
| Q4 24 | 50.8% | -0.4% | ||
| Q3 24 | 16.5% | 0.9% | ||
| Q2 24 | 92.6% | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | 3.4% | ||
| Q2 25 | 16.9% | 2.4% | ||
| Q1 25 | 2.8% | 4.0% | ||
| Q4 24 | 2.0% | 7.3% | ||
| Q3 24 | 5.5% | 5.3% | ||
| Q2 24 | 12.4% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | 13.83× | ||
| Q2 25 | 4.43× | 6.22× | ||
| Q1 25 | 0.70× | 2.27× | ||
| 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
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
EYE
Segment breakdown not available.
