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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Innovex International, Inc. (INVX). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $273.6M, roughly 1.4× Innovex International, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 5.1%, a 26.7% gap on every dollar of revenue. Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 16.1%).
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.
AX vs INVX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $273.6M |
| Net Profit | $124.7M | $14.0M |
| Gross Margin | — | 28.9% |
| Operating Margin | — | 9.4% |
| Net Margin | 31.8% | 5.1% |
| Revenue YoY | — | 9.1% |
| Net Profit YoY | 18.5% | -56.1% |
| EPS (diluted) | $2.15 | $0.20 |
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 | $273.6M | ||
| Q3 25 | $323.4M | $240.0M | ||
| Q2 25 | $321.4M | $224.2M | ||
| Q1 25 | $308.8M | $240.4M | ||
| Q4 24 | $307.9M | $250.7M | ||
| Q3 24 | $320.7M | $151.8M | ||
| Q2 24 | $290.9M | $130.3M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $14.0M | ||
| Q3 25 | $112.4M | $39.2M | ||
| Q2 25 | $110.7M | $15.3M | ||
| Q1 25 | $105.2M | $14.8M | ||
| Q4 24 | $104.7M | $31.8M | ||
| Q3 24 | $112.3M | $82.6M | ||
| Q2 24 | $104.9M | $9.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.6% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.3% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 9.4% | ||
| Q3 25 | 46.3% | 26.0% | ||
| Q2 25 | 48.5% | 10.1% | ||
| Q1 25 | 47.9% | 9.1% | ||
| Q4 24 | 48.8% | 10.7% | ||
| Q3 24 | 49.6% | -8.7% | ||
| Q2 24 | 49.6% | 10.0% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 5.1% | ||
| Q3 25 | 34.7% | 16.3% | ||
| Q2 25 | 34.4% | 6.8% | ||
| Q1 25 | 34.1% | 6.1% | ||
| Q4 24 | 34.0% | 12.7% | ||
| Q3 24 | 35.0% | 54.4% | ||
| Q2 24 | 36.0% | 7.3% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $0.20 | ||
| Q3 25 | $1.94 | $0.57 | ||
| Q2 25 | $1.89 | $0.22 | ||
| Q1 25 | $1.81 | $0.21 | ||
| Q4 24 | $1.80 | $-0.03 | ||
| Q3 24 | $1.93 | $1.99 | ||
| Q2 24 | $1.75 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $18.9M |
| Stockholders' EquityBook value | $3.1B | $1.1B |
| Total Assets | $29.2B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| 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 | $185.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $18.9M | ||
| Q3 25 | — | $20.1M | ||
| Q2 25 | $312.7M | $34.8M | ||
| Q1 25 | $377.4M | $19.7M | ||
| Q4 24 | $358.7M | $24.9M | ||
| Q3 24 | $313.5M | $12.4M | ||
| Q2 24 | $325.7M | — |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $1.1B | ||
| Q3 25 | $2.8B | $1.0B | ||
| Q2 25 | $2.7B | $995.6M | ||
| Q1 25 | $2.6B | $978.4M | ||
| Q4 24 | $2.5B | $958.2M | ||
| Q3 24 | $2.4B | $904.4M | ||
| Q2 24 | $2.3B | $352.5M |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $1.3B | ||
| Q3 25 | $27.4B | $1.3B | ||
| Q2 25 | $24.8B | $1.2B | ||
| Q1 25 | $24.0B | $1.2B | ||
| Q4 24 | $23.7B | $1.2B | ||
| Q3 24 | $23.6B | $1.1B | ||
| Q2 24 | $22.9B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | 0.12× | 0.03× | ||
| Q1 25 | 0.14× | 0.02× | ||
| Q4 24 | 0.14× | 0.03× | ||
| Q3 24 | 0.13× | 0.01× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $52.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $52.2M | ||
| Q3 25 | $118.4M | $48.4M | ||
| Q2 25 | $490.3M | $59.2M | ||
| Q1 25 | $73.7M | $31.1M | ||
| Q4 24 | $162.5M | $36.3M | ||
| Q3 24 | $70.8M | $21.7M | ||
| Q2 24 | $305.5M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | — | ||
| Q2 25 | $436.1M | — | ||
| Q1 25 | $65.1M | — | ||
| Q4 24 | $156.4M | — | ||
| Q3 24 | $53.0M | — | ||
| Q2 24 | $269.5M | $16.6M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 135.7% | — | ||
| Q1 25 | 21.1% | — | ||
| Q4 24 | 50.8% | — | ||
| Q3 24 | 16.5% | — | ||
| Q2 24 | 92.6% | 12.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 12.4% | 4.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 3.74× | ||
| Q3 25 | 1.05× | 1.23× | ||
| Q2 25 | 4.43× | 3.86× | ||
| Q1 25 | 0.70× | 2.11× | ||
| Q4 24 | 1.55× | 1.14× | ||
| Q3 24 | 0.63× | 0.26× | ||
| Q2 24 | 2.91× | 2.39× |
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% |
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
