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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $273.0M, roughly 1.4× Forestar Group Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 5.6%, a 27.7% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 9.0%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $-157.1M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
AX vs FOR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $273.0M |
| Net Profit | $128.4M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 45.6% | 7.6% |
| Net Margin | 33.3% | 5.6% |
| Revenue YoY | 25.1% | 9.0% |
| Net Profit YoY | 22.6% | -6.7% |
| EPS (diluted) | $2.22 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $323.4M | $670.5M | ||
| Q2 25 | $321.4M | $390.5M | ||
| Q1 25 | $308.8M | $351.0M | ||
| Q4 24 | $307.9M | $250.4M | ||
| Q3 24 | $320.7M | $551.3M | ||
| Q2 24 | $290.9M | $318.4M | ||
| Q1 24 | $294.8M | $333.8M |
| Q4 25 | $128.4M | $15.4M | ||
| Q3 25 | $112.4M | $86.9M | ||
| Q2 25 | $110.7M | $32.9M | ||
| Q1 25 | $105.2M | $31.6M | ||
| Q4 24 | $104.7M | $16.5M | ||
| Q3 24 | $112.3M | $81.5M | ||
| Q2 24 | $104.9M | $38.7M | ||
| Q1 24 | $110.7M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 45.6% | 7.6% | ||
| Q3 25 | 46.3% | 16.9% | ||
| Q2 25 | 48.5% | 11.2% | ||
| Q1 25 | 47.9% | 11.6% | ||
| Q4 24 | 48.8% | 8.7% | ||
| Q3 24 | 49.6% | 19.7% | ||
| Q2 24 | 49.6% | 16.2% | ||
| Q1 24 | 52.8% | 17.6% |
| Q4 25 | 33.3% | 5.6% | ||
| Q3 25 | 34.7% | 13.0% | ||
| Q2 25 | 34.4% | 8.4% | ||
| Q1 25 | 34.1% | 9.0% | ||
| Q4 24 | 34.0% | 6.6% | ||
| Q3 24 | 35.0% | 14.8% | ||
| Q2 24 | 36.0% | 12.2% | ||
| Q1 24 | 37.6% | 13.5% |
| Q4 25 | $2.22 | $0.30 | ||
| Q3 25 | $1.94 | $1.70 | ||
| Q2 25 | $1.89 | $0.65 | ||
| Q1 25 | $1.81 | $0.62 | ||
| Q4 24 | $1.80 | $0.32 | ||
| Q3 24 | $1.93 | $1.59 | ||
| Q2 24 | $1.75 | $0.76 | ||
| Q1 24 | $1.91 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $2.9B | $1.8B |
| Total Assets | $28.2B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $211.7M | ||
| Q3 25 | $2.6B | $379.2M | ||
| Q2 25 | $1.9B | $189.2M | ||
| Q1 25 | $2.0B | $174.3M | ||
| Q4 24 | $2.4B | $132.0M | ||
| Q3 24 | $2.6B | $481.2M | ||
| Q2 24 | $2.0B | $359.2M | ||
| Q1 24 | $2.1B | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | $312.7M | $872.8M | ||
| Q1 25 | $377.4M | $872.5M | ||
| Q4 24 | $358.7M | $806.8M | ||
| Q3 24 | $313.5M | $706.4M | ||
| Q2 24 | $325.7M | $706.1M | ||
| Q1 24 | $330.4M | $705.7M |
| Q4 25 | $2.9B | $1.8B | ||
| Q3 25 | $2.8B | $1.8B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.5B |
| Q4 25 | $28.2B | $3.2B | ||
| Q3 25 | $27.4B | $3.1B | ||
| Q2 25 | $24.8B | $3.1B | ||
| Q1 25 | $24.0B | $3.0B | ||
| Q4 24 | $23.7B | $3.0B | ||
| Q3 24 | $23.6B | $2.8B | ||
| Q2 24 | $22.9B | $2.7B | ||
| Q1 24 | $22.6B | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | 0.12× | 0.52× | ||
| Q1 25 | 0.14× | 0.53× | ||
| Q4 24 | 0.14× | 0.50× | ||
| Q3 24 | 0.13× | 0.44× | ||
| Q2 24 | 0.14× | 0.47× | ||
| Q1 24 | 0.15× | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $85.4M | $-157.1M |
| FCF MarginFCF / Revenue | 22.2% | -57.5% |
| Capex IntensityCapex / Revenue | 4.9% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.81× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $-157.0M | ||
| Q3 25 | $118.4M | $256.3M | ||
| Q2 25 | $490.3M | $15.8M | ||
| Q1 25 | $73.7M | $-19.8M | ||
| Q4 24 | $162.5M | $-450.0M | ||
| Q3 24 | $70.8M | $119.2M | ||
| Q2 24 | $305.5M | $-61.7M | ||
| Q1 24 | $115.8M | $-59.2M |
| Q4 25 | $85.4M | $-157.1M | ||
| Q3 25 | $109.3M | $255.6M | ||
| Q2 25 | $436.1M | $15.0M | ||
| Q1 25 | $65.1M | $-20.5M | ||
| Q4 24 | $156.4M | — | ||
| Q3 24 | $53.0M | $118.4M | ||
| Q2 24 | $269.5M | $-62.3M | ||
| Q1 24 | $107.3M | $-59.8M |
| Q4 25 | 22.2% | -57.5% | ||
| Q3 25 | 33.8% | 38.1% | ||
| Q2 25 | 135.7% | 3.8% | ||
| Q1 25 | 21.1% | -5.8% | ||
| Q4 24 | 50.8% | — | ||
| Q3 24 | 16.5% | 21.5% | ||
| Q2 24 | 92.6% | -19.6% | ||
| Q1 24 | 36.4% | -17.9% |
| Q4 25 | 4.9% | 0.0% | ||
| Q3 25 | 2.8% | 0.1% | ||
| Q2 25 | 16.9% | 0.2% | ||
| Q1 25 | 2.8% | 0.2% | ||
| Q4 24 | 2.0% | 0.0% | ||
| Q3 24 | 5.5% | 0.1% | ||
| Q2 24 | 12.4% | 0.2% | ||
| Q1 24 | 2.9% | 0.2% |
| Q4 25 | 0.81× | -10.19× | ||
| Q3 25 | 1.05× | 2.95× | ||
| Q2 25 | 4.43× | 0.48× | ||
| Q1 25 | 0.70× | -0.63× | ||
| Q4 24 | 1.55× | -27.27× | ||
| Q3 24 | 0.63× | 1.46× | ||
| Q2 24 | 2.91× | -1.59× | ||
| Q1 24 | 1.05× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
