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Side-by-side financial comparison of Axos Financial, Inc. (AX) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $392.2M, roughly 1.3× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 6.4%, a 25.4% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 1.3%).
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.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
AX vs KMT — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $529.5M |
| Net Profit | $124.7M | $33.9M |
| Gross Margin | — | 32.8% |
| Operating Margin | — | 9.9% |
| Net Margin | 31.8% | 6.4% |
| Revenue YoY | — | 9.8% |
| Net Profit YoY | 18.5% | 89.0% |
| EPS (diluted) | $2.15 | $0.44 |
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 | $529.5M | ||
| Q3 25 | $323.4M | $498.0M | ||
| Q2 25 | $321.4M | $516.4M | ||
| Q1 25 | $308.8M | $486.4M | ||
| Q4 24 | $307.9M | $482.1M | ||
| Q3 24 | $320.7M | $481.9M | ||
| Q2 24 | $290.9M | $543.3M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $33.9M | ||
| Q3 25 | $112.4M | $23.3M | ||
| Q2 25 | $110.7M | $21.6M | ||
| Q1 25 | $105.2M | $31.5M | ||
| Q4 24 | $104.7M | $17.9M | ||
| Q3 24 | $112.3M | $22.1M | ||
| Q2 24 | $104.9M | $37.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | 31.3% | ||
| Q2 24 | — | 31.5% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 9.9% | ||
| Q3 25 | 46.3% | 7.5% | ||
| Q2 25 | 48.5% | 6.1% | ||
| Q1 25 | 47.9% | 9.1% | ||
| Q4 24 | 48.8% | 6.6% | ||
| Q3 24 | 49.6% | 7.5% | ||
| Q2 24 | 49.6% | 11.3% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 6.4% | ||
| Q3 25 | 34.7% | 4.7% | ||
| Q2 25 | 34.4% | 4.2% | ||
| Q1 25 | 34.1% | 6.5% | ||
| Q4 24 | 34.0% | 3.7% | ||
| Q3 24 | 35.0% | 4.6% | ||
| Q2 24 | 36.0% | 6.8% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $0.44 | ||
| Q3 25 | $1.94 | $0.30 | ||
| Q2 25 | $1.89 | $0.28 | ||
| Q1 25 | $1.81 | $0.41 | ||
| Q4 24 | $1.80 | $0.23 | ||
| Q3 24 | $1.93 | $0.28 | ||
| Q2 24 | $1.75 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $129.3M |
| Total DebtLower is stronger | — | $597.2M |
| Stockholders' EquityBook value | $3.1B | $1.3B |
| Total Assets | $29.2B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $129.3M | ||
| Q3 25 | $2.6B | $103.5M | ||
| Q2 25 | $1.9B | $140.5M | ||
| Q1 25 | $2.0B | $97.5M | ||
| Q4 24 | $2.4B | $121.2M | ||
| Q3 24 | $2.6B | $119.6M | ||
| Q2 24 | $2.0B | $128.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | $312.7M | $596.8M | ||
| Q1 25 | $377.4M | $596.6M | ||
| Q4 24 | $358.7M | $596.4M | ||
| Q3 24 | $313.5M | $596.2M | ||
| Q2 24 | $325.7M | $596.0M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $1.3B | ||
| Q3 25 | $2.8B | $1.3B | ||
| Q2 25 | $2.7B | $1.3B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.2B |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $2.6B | ||
| Q3 25 | $27.4B | $2.5B | ||
| Q2 25 | $24.8B | $2.5B | ||
| Q1 25 | $24.0B | $2.5B | ||
| Q4 24 | $23.7B | $2.4B | ||
| Q3 24 | $23.6B | $2.5B | ||
| Q2 24 | $22.9B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | 0.12× | 0.46× | ||
| Q1 25 | 0.14× | 0.48× | ||
| Q4 24 | 0.14× | 0.49× | ||
| Q3 24 | 0.13× | 0.47× | ||
| Q2 24 | 0.14× | 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 | — | $55.1M |
| Free Cash FlowOCF − Capex | — | $42.4M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $55.1M | ||
| Q3 25 | $118.4M | $17.5M | ||
| Q2 25 | $490.3M | $78.6M | ||
| Q1 25 | $73.7M | $28.8M | ||
| Q4 24 | $162.5M | $55.2M | ||
| Q3 24 | $70.8M | $45.7M | ||
| Q2 24 | $305.5M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $42.4M | ||
| Q3 25 | $109.3M | $-5.5M | ||
| Q2 25 | $436.1M | $57.1M | ||
| Q1 25 | $65.1M | $5.3M | ||
| Q4 24 | $156.4M | $35.9M | ||
| Q3 24 | $53.0M | $21.0M | ||
| Q2 24 | $269.5M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 8.0% | ||
| Q3 25 | 33.8% | -1.1% | ||
| Q2 25 | 135.7% | 11.1% | ||
| Q1 25 | 21.1% | 1.1% | ||
| Q4 24 | 50.8% | 7.5% | ||
| Q3 24 | 16.5% | 4.4% | ||
| Q2 24 | 92.6% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 2.4% | ||
| Q3 25 | 2.8% | 4.6% | ||
| Q2 25 | 16.9% | 4.2% | ||
| Q1 25 | 2.8% | 4.8% | ||
| Q4 24 | 2.0% | 4.0% | ||
| Q3 24 | 5.5% | 5.1% | ||
| Q2 24 | 12.4% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 1.63× | ||
| Q3 25 | 1.05× | 0.75× | ||
| Q2 25 | 4.43× | 3.64× | ||
| Q1 25 | 0.70× | 0.92× | ||
| Q4 24 | 1.55× | 3.08× | ||
| Q3 24 | 0.63× | 2.07× | ||
| Q2 24 | 2.91× | 3.06× |
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% |
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
