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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.

Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $392.2M, roughly 1.2× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs -7.3%, a 39.1% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs -17.9%).

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.

The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.

AX vs GOLF — Head-to-Head

Bigger by revenue
GOLF
GOLF
1.2× larger
GOLF
$477.2M
$392.2M
AX
Higher net margin
AX
AX
39.1% more per $
AX
31.8%
-7.3%
GOLF
Faster 2-yr revenue CAGR
AX
AX
Annualised
AX
16.1%
-17.9%
GOLF

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AX
AX
GOLF
GOLF
Revenue
$392.2M
$477.2M
Net Profit
$124.7M
$-34.9M
Gross Margin
44.1%
Operating Margin
-3.8%
Net Margin
31.8%
-7.3%
Revenue YoY
7.2%
Net Profit YoY
18.5%
-3027.3%
EPS (diluted)
$2.15
$-0.57

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
GOLF
GOLF
Q1 26
$392.2M
Q4 25
$385.1M
$477.2M
Q3 25
$323.4M
$657.7M
Q2 25
$321.4M
$720.5M
Q1 25
$308.8M
$703.4M
Q4 24
$307.9M
$445.2M
Q3 24
$320.7M
$620.5M
Q2 24
$290.9M
$683.9M
Net Profit
AX
AX
GOLF
GOLF
Q1 26
$124.7M
Q4 25
$128.4M
$-34.9M
Q3 25
$112.4M
$48.5M
Q2 25
$110.7M
$75.6M
Q1 25
$105.2M
$99.4M
Q4 24
$104.7M
$-1.1M
Q3 24
$112.3M
$56.2M
Q2 24
$104.9M
$71.4M
Gross Margin
AX
AX
GOLF
GOLF
Q1 26
Q4 25
44.1%
Q3 25
48.5%
Q2 25
49.2%
Q1 25
47.9%
Q4 24
22.6%
Q3 24
54.4%
Q2 24
54.4%
Operating Margin
AX
AX
GOLF
GOLF
Q1 26
Q4 25
45.6%
-3.8%
Q3 25
46.3%
14.1%
Q2 25
48.5%
15.2%
Q1 25
47.9%
16.3%
Q4 24
48.8%
-1.2%
Q3 24
49.6%
13.2%
Q2 24
49.6%
15.5%
Net Margin
AX
AX
GOLF
GOLF
Q1 26
31.8%
Q4 25
33.3%
-7.3%
Q3 25
34.7%
7.4%
Q2 25
34.4%
10.5%
Q1 25
34.1%
14.1%
Q4 24
34.0%
-0.3%
Q3 24
35.0%
9.1%
Q2 24
36.0%
10.4%
EPS (diluted)
AX
AX
GOLF
GOLF
Q1 26
$2.15
Q4 25
$2.22
$-0.57
Q3 25
$1.94
$0.81
Q2 25
$1.89
$1.25
Q1 25
$1.81
$1.62
Q4 24
$1.80
$0.02
Q3 24
$1.93
$0.89
Q2 24
$1.75
$1.11

Balance Sheet & Financial Strength

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

Metric
AX
AX
GOLF
GOLF
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$926.2M
Stockholders' EquityBook value
$3.1B
$783.6M
Total Assets
$29.2B
$2.3B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AX
AX
GOLF
GOLF
Q1 26
Q4 25
$1.0B
Q3 25
$2.6B
Q2 25
$1.9B
Q1 25
$2.0B
Q4 24
$2.4B
Q3 24
$2.6B
Q2 24
$2.0B
Total Debt
AX
AX
GOLF
GOLF
Q1 26
Q4 25
$926.2M
Q3 25
Q2 25
$312.7M
Q1 25
$377.4M
Q4 24
$358.7M
$753.1M
Q3 24
$313.5M
Q2 24
$325.7M
Stockholders' Equity
AX
AX
GOLF
GOLF
Q1 26
$3.1B
Q4 25
$2.9B
$783.6M
Q3 25
$2.8B
$852.3M
Q2 25
$2.7B
$808.5M
Q1 25
$2.6B
$780.3M
Q4 24
$2.5B
$765.2M
Q3 24
$2.4B
$863.9M
Q2 24
$2.3B
$863.7M
Total Assets
AX
AX
GOLF
GOLF
Q1 26
$29.2B
Q4 25
$28.2B
$2.3B
Q3 25
$27.4B
$2.4B
Q2 25
$24.8B
$2.4B
Q1 25
$24.0B
$2.4B
Q4 24
$23.7B
$2.2B
Q3 24
$23.6B
$2.3B
Q2 24
$22.9B
$2.3B
Debt / Equity
AX
AX
GOLF
GOLF
Q1 26
Q4 25
1.18×
Q3 25
Q2 25
0.12×
Q1 25
0.14×
Q4 24
0.14×
0.98×
Q3 24
0.13×
Q2 24
0.14×

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
GOLF
GOLF
Operating Cash FlowLast quarter
$-338.0K
Free Cash FlowOCF − Capex
$-23.3M
FCF MarginFCF / Revenue
-4.9%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AX
AX
GOLF
GOLF
Q1 26
Q4 25
$104.1M
$-338.0K
Q3 25
$118.4M
$163.1M
Q2 25
$490.3M
$151.9M
Q1 25
$73.7M
$-120.3M
Q4 24
$162.5M
$-1.1M
Q3 24
$70.8M
$144.1M
Q2 24
$305.5M
$211.6M
Free Cash Flow
AX
AX
GOLF
GOLF
Q1 26
Q4 25
$85.4M
$-23.3M
Q3 25
$109.3M
$136.9M
Q2 25
$436.1M
$138.0M
Q1 25
$65.1M
$-131.5M
Q4 24
$156.4M
$-33.2M
Q3 24
$53.0M
$123.7M
Q2 24
$269.5M
$196.8M
FCF Margin
AX
AX
GOLF
GOLF
Q1 26
Q4 25
22.2%
-4.9%
Q3 25
33.8%
20.8%
Q2 25
135.7%
19.2%
Q1 25
21.1%
-18.7%
Q4 24
50.8%
-7.5%
Q3 24
16.5%
19.9%
Q2 24
92.6%
28.8%
Capex Intensity
AX
AX
GOLF
GOLF
Q1 26
Q4 25
4.9%
4.8%
Q3 25
2.8%
4.0%
Q2 25
16.9%
1.9%
Q1 25
2.8%
1.6%
Q4 24
2.0%
7.2%
Q3 24
5.5%
3.3%
Q2 24
12.4%
2.2%
Cash Conversion
AX
AX
GOLF
GOLF
Q1 26
Q4 25
0.81×
Q3 25
1.05×
3.36×
Q2 25
4.43×
2.01×
Q1 25
0.70×
-1.21×
Q4 24
1.55×
Q3 24
0.63×
2.56×
Q2 24
2.91×
2.96×

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%

GOLF
GOLF

Titleist Golf Equipment$293.8M62%
Footjoy Golf Wear$102.0M21%
Other$45.3M9%
Golf Gear$36.1M8%

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