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Side-by-side financial comparison of Axos Financial, Inc. (AX) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $270.8M, roughly 1.4× HUTCHMED (China) Ltd). Axos Financial, Inc. runs the higher net margin — 31.8% vs 0.7%, a 31.1% gap on every dollar of revenue.

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.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

AX vs HCM — Head-to-Head

Bigger by revenue
AX
AX
1.4× larger
AX
$392.2M
$270.8M
HCM
Higher net margin
AX
AX
31.1% more per $
AX
31.8%
0.7%
HCM

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AX
AX
HCM
HCM
Revenue
$392.2M
$270.8M
Net Profit
$124.7M
$2.0M
Gross Margin
37.7%
Operating Margin
-13.2%
Net Margin
31.8%
0.7%
Revenue YoY
-16.5%
Net Profit YoY
18.5%
-83.6%
EPS (diluted)
$2.15
$0.00

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
HCM
HCM
Q1 26
$392.2M
Q4 25
$385.1M
$270.8M
Q3 25
$323.4M
Q2 25
$321.4M
$277.7M
Q1 25
$308.8M
$324.5M
Q4 24
$307.9M
Q3 24
$320.7M
Q2 24
$290.9M
$305.7M
Net Profit
AX
AX
HCM
HCM
Q1 26
$124.7M
Q4 25
$128.4M
$2.0M
Q3 25
$112.4M
Q2 25
$110.7M
$455.0M
Q1 25
$105.2M
$11.9M
Q4 24
$104.7M
Q3 24
$112.3M
Q2 24
$104.9M
$25.8M
Gross Margin
AX
AX
HCM
HCM
Q1 26
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Operating Margin
AX
AX
HCM
HCM
Q1 26
Q4 25
45.6%
-13.2%
Q3 25
46.3%
Q2 25
48.5%
-1.3%
Q1 25
47.9%
-5.0%
Q4 24
48.8%
Q3 24
49.6%
Q2 24
49.6%
-9.0%
Net Margin
AX
AX
HCM
HCM
Q1 26
31.8%
Q4 25
33.3%
0.7%
Q3 25
34.7%
Q2 25
34.4%
163.8%
Q1 25
34.1%
3.7%
Q4 24
34.0%
Q3 24
35.0%
Q2 24
36.0%
8.4%
EPS (diluted)
AX
AX
HCM
HCM
Q1 26
$2.15
Q4 25
$2.22
$0.00
Q3 25
$1.94
Q2 25
$1.89
$0.52
Q1 25
$1.81
$0.01
Q4 24
$1.80
Q3 24
$1.93
Q2 24
$1.75
$0.03

Balance Sheet & Financial Strength

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

Metric
AX
AX
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$3.1B
$1.2B
Total Assets
$29.2B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AX
AX
HCM
HCM
Q1 26
Q4 25
$1.0B
$1.4B
Q3 25
$2.6B
Q2 25
$1.9B
$1.4B
Q1 25
$2.0B
$836.1M
Q4 24
$2.4B
Q3 24
$2.6B
Q2 24
$2.0B
$802.5M
Total Debt
AX
AX
HCM
HCM
Q1 26
Q4 25
$93.2M
Q3 25
Q2 25
$312.7M
$93.4M
Q1 25
$377.4M
$82.8M
Q4 24
$358.7M
Q3 24
$313.5M
Q2 24
$325.7M
$82.1M
Stockholders' Equity
AX
AX
HCM
HCM
Q1 26
$3.1B
Q4 25
$2.9B
$1.2B
Q3 25
$2.8B
Q2 25
$2.7B
$1.2B
Q1 25
$2.6B
$759.9M
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$2.3B
$740.1M
Total Assets
AX
AX
HCM
HCM
Q1 26
$29.2B
Q4 25
$28.2B
$1.8B
Q3 25
$27.4B
Q2 25
$24.8B
$1.8B
Q1 25
$24.0B
$1.3B
Q4 24
$23.7B
Q3 24
$23.6B
Q2 24
$22.9B
$1.3B
Debt / Equity
AX
AX
HCM
HCM
Q1 26
Q4 25
0.08×
Q3 25
Q2 25
0.12×
0.08×
Q1 25
0.14×
0.11×
Q4 24
0.14×
Q3 24
0.13×
Q2 24
0.14×
0.11×

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
HCM
HCM
Operating Cash FlowLast quarter
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AX
AX
HCM
HCM
Q1 26
Q4 25
$104.1M
$8.2M
Q3 25
$118.4M
Q2 25
$490.3M
$-72.9M
Q1 25
$73.7M
$40.3M
Q4 24
$162.5M
Q3 24
$70.8M
Q2 24
$305.5M
$-39.8M
Free Cash Flow
AX
AX
HCM
HCM
Q1 26
Q4 25
$85.4M
$3.4M
Q3 25
$109.3M
Q2 25
$436.1M
$-82.2M
Q1 25
$65.1M
$32.5M
Q4 24
$156.4M
Q3 24
$53.0M
Q2 24
$269.5M
$-49.9M
FCF Margin
AX
AX
HCM
HCM
Q1 26
Q4 25
22.2%
1.2%
Q3 25
33.8%
Q2 25
135.7%
-29.6%
Q1 25
21.1%
10.0%
Q4 24
50.8%
Q3 24
16.5%
Q2 24
92.6%
-16.3%
Capex Intensity
AX
AX
HCM
HCM
Q1 26
Q4 25
4.9%
1.8%
Q3 25
2.8%
Q2 25
16.9%
3.3%
Q1 25
2.8%
2.4%
Q4 24
2.0%
Q3 24
5.5%
Q2 24
12.4%
3.3%
Cash Conversion
AX
AX
HCM
HCM
Q1 26
Q4 25
0.81×
4.21×
Q3 25
1.05×
Q2 25
4.43×
-0.16×
Q1 25
0.70×
3.38×
Q4 24
1.55×
Q3 24
0.63×
Q2 24
2.91×
-1.54×

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%

HCM
HCM

Segment breakdown not available.

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