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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Janus International Group, Inc. (JBI). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $219.3M, roughly 1.8× Janus International Group, Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 6.9%, a 26.4% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs -4.7%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $8.3M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs -8.8%).
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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
AX vs JBI — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $219.3M |
| Net Profit | $128.4M | $15.2M |
| Gross Margin | — | 39.1% |
| Operating Margin | 45.6% | 13.4% |
| Net Margin | 33.3% | 6.9% |
| Revenue YoY | 25.1% | -4.7% |
| Net Profit YoY | 22.6% | 28.8% |
| EPS (diluted) | $2.22 | $0.11 |
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 | — | ||
| Q3 25 | $323.4M | $219.3M | ||
| Q2 25 | $321.4M | $228.1M | ||
| Q1 25 | $308.8M | $210.5M | ||
| Q4 24 | $307.9M | $230.8M | ||
| Q3 24 | $320.7M | $230.1M | ||
| Q2 24 | $290.9M | $248.4M | ||
| Q1 24 | $294.8M | $254.5M |
| Q4 25 | $128.4M | — | ||
| Q3 25 | $112.4M | $15.2M | ||
| Q2 25 | $110.7M | $20.7M | ||
| Q1 25 | $105.2M | $10.8M | ||
| Q4 24 | $104.7M | $300.0K | ||
| Q3 24 | $112.3M | $11.8M | ||
| Q2 24 | $104.9M | $27.6M | ||
| Q1 24 | $110.7M | $30.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 43.4% |
| Q4 25 | 45.6% | — | ||
| Q3 25 | 46.3% | 13.4% | ||
| Q2 25 | 48.5% | 15.8% | ||
| Q1 25 | 47.9% | 12.0% | ||
| Q4 24 | 48.8% | 5.5% | ||
| Q3 24 | 49.6% | 11.6% | ||
| Q2 24 | 49.6% | 20.8% | ||
| Q1 24 | 52.8% | 21.8% |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.7% | 6.9% | ||
| Q2 25 | 34.4% | 9.1% | ||
| Q1 25 | 34.1% | 5.1% | ||
| Q4 24 | 34.0% | 0.1% | ||
| Q3 24 | 35.0% | 5.1% | ||
| Q2 24 | 36.0% | 11.1% | ||
| Q1 24 | 37.6% | 12.1% |
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $0.11 | ||
| Q2 25 | $1.89 | $0.15 | ||
| Q1 25 | $1.81 | $0.08 | ||
| Q4 24 | $1.80 | $0.01 | ||
| Q3 24 | $1.93 | $0.08 | ||
| Q2 24 | $1.75 | $0.19 | ||
| Q1 24 | $1.91 | $0.21 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $560.8M |
| Total Assets | $28.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | $102.1M | ||
| Q2 24 | $2.0B | $110.1M | ||
| Q1 24 | $2.1B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | — |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $560.8M | ||
| Q2 25 | $2.7B | $543.8M | ||
| Q1 25 | $2.6B | $526.8M | ||
| Q4 24 | $2.5B | $518.8M | ||
| Q3 24 | $2.4B | $526.6M | ||
| Q2 24 | $2.3B | $556.3M | ||
| Q1 24 | $2.2B | $535.4M |
| Q4 25 | $28.2B | — | ||
| Q3 25 | $27.4B | $1.3B | ||
| Q2 25 | $24.8B | $1.3B | ||
| Q1 25 | $24.0B | $1.3B | ||
| Q4 24 | $23.7B | $1.3B | ||
| Q3 24 | $23.6B | $1.3B | ||
| Q2 24 | $22.9B | $1.3B | ||
| Q1 24 | $22.6B | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | — |
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 | $15.0M |
| Free Cash FlowOCF − Capex | $85.4M | $8.3M |
| FCF MarginFCF / Revenue | 22.2% | 3.8% |
| Capex IntensityCapex / Revenue | 4.9% | 3.1% |
| Cash ConversionOCF / Net Profit | 0.81× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | — | ||
| Q3 25 | $118.4M | $15.0M | ||
| Q2 25 | $490.3M | $51.4M | ||
| Q1 25 | $73.7M | $48.3M | ||
| Q4 24 | $162.5M | $51.4M | ||
| Q3 24 | $70.8M | $43.0M | ||
| Q2 24 | $305.5M | $31.0M | ||
| Q1 24 | $115.8M | $28.6M |
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | $8.3M | ||
| Q2 25 | $436.1M | $44.6M | ||
| Q1 25 | $65.1M | $41.9M | ||
| Q4 24 | $156.4M | $45.3M | ||
| Q3 24 | $53.0M | $39.3M | ||
| Q2 24 | $269.5M | $25.3M | ||
| Q1 24 | $107.3M | $24.0M |
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | 3.8% | ||
| Q2 25 | 135.7% | 19.6% | ||
| Q1 25 | 21.1% | 19.9% | ||
| Q4 24 | 50.8% | 19.6% | ||
| Q3 24 | 16.5% | 17.1% | ||
| Q2 24 | 92.6% | 10.2% | ||
| Q1 24 | 36.4% | 9.4% |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | 3.1% | ||
| Q2 25 | 16.9% | 3.0% | ||
| Q1 25 | 2.8% | 3.0% | ||
| Q4 24 | 2.0% | 2.6% | ||
| Q3 24 | 5.5% | 1.6% | ||
| Q2 24 | 12.4% | 2.3% | ||
| Q1 24 | 2.9% | 1.8% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | 0.99× | ||
| Q2 25 | 4.43× | 2.48× | ||
| Q1 25 | 0.70× | 4.47× | ||
| Q4 24 | 1.55× | 171.33× | ||
| Q3 24 | 0.63× | 3.64× | ||
| Q2 24 | 2.91× | 1.12× | ||
| Q1 24 | 1.05× | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
