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Side-by-side financial comparison of Axos Financial, Inc. (AX) and MATERION Corp (MTRN). Click either name above to swap in a different company.
MATERION Corp is the larger business by last-quarter revenue ($489.8M vs $385.1M, roughly 1.3× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 1.3%, a 32.0% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 12.1%). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 12.7%).
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.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
AX vs MTRN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $489.8M |
| Net Profit | $128.4M | $6.6M |
| Gross Margin | — | 13.0% |
| Operating Margin | 45.6% | 2.2% |
| Net Margin | 33.3% | 1.3% |
| Revenue YoY | 25.1% | 12.1% |
| Net Profit YoY | 22.6% | 113.5% |
| EPS (diluted) | $2.22 | $0.30 |
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 | $489.8M | ||
| Q3 25 | $323.4M | $444.8M | ||
| Q2 25 | $321.4M | $431.7M | ||
| Q1 25 | $308.8M | $420.3M | ||
| Q4 24 | $307.9M | $436.9M | ||
| Q3 24 | $320.7M | $436.7M | ||
| Q2 24 | $290.9M | $425.9M | ||
| Q1 24 | $294.8M | $385.3M |
| Q4 25 | $128.4M | $6.6M | ||
| Q3 25 | $112.4M | $25.4M | ||
| Q2 25 | $110.7M | $25.1M | ||
| Q1 25 | $105.2M | $17.7M | ||
| Q4 24 | $104.7M | $-48.9M | ||
| Q3 24 | $112.3M | $22.3M | ||
| Q2 24 | $104.9M | $19.0M | ||
| Q1 24 | $110.7M | $13.4M |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.0% | ||
| Q1 24 | — | 18.5% |
| Q4 25 | 45.6% | 2.2% | ||
| Q3 25 | 46.3% | 7.9% | ||
| Q2 25 | 48.5% | 8.5% | ||
| Q1 25 | 47.9% | 6.5% | ||
| Q4 24 | 48.8% | -8.8% | ||
| Q3 24 | 49.6% | 7.2% | ||
| Q2 24 | 49.6% | 7.5% | ||
| Q1 24 | 52.8% | 5.8% |
| Q4 25 | 33.3% | 1.3% | ||
| Q3 25 | 34.7% | 5.7% | ||
| Q2 25 | 34.4% | 5.8% | ||
| Q1 25 | 34.1% | 4.2% | ||
| Q4 24 | 34.0% | -11.2% | ||
| Q3 24 | 35.0% | 5.1% | ||
| Q2 24 | 36.0% | 4.5% | ||
| Q1 24 | 37.6% | 3.5% |
| Q4 25 | $2.22 | $0.30 | ||
| Q3 25 | $1.94 | $1.22 | ||
| Q2 25 | $1.89 | $1.21 | ||
| Q1 25 | $1.81 | $0.85 | ||
| Q4 24 | $1.80 | $-2.34 | ||
| Q3 24 | $1.93 | $1.07 | ||
| Q2 24 | $1.75 | $0.91 | ||
| Q1 24 | $1.91 | $0.64 |
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 | $13.7M |
| Total DebtLower is stronger | — | $460.6M |
| Stockholders' EquityBook value | $2.9B | $943.3M |
| Total Assets | $28.2B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $13.7M | ||
| Q3 25 | $2.6B | $16.4M | ||
| Q2 25 | $1.9B | $12.6M | ||
| Q1 25 | $2.0B | $15.6M | ||
| Q4 24 | $2.4B | $16.7M | ||
| Q3 24 | $2.6B | $17.9M | ||
| Q2 24 | $2.0B | $17.1M | ||
| Q1 24 | $2.1B | $13.1M |
| Q4 25 | — | $460.6M | ||
| Q3 25 | — | $458.9M | ||
| Q2 25 | $312.7M | $427.6M | ||
| Q1 25 | $377.4M | $453.0M | ||
| Q4 24 | $358.7M | $443.9M | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | $477.9M |
| Q4 25 | $2.9B | $943.3M | ||
| Q3 25 | $2.8B | $934.6M | ||
| Q2 25 | $2.7B | $910.6M | ||
| Q1 25 | $2.6B | $887.9M | ||
| Q4 24 | $2.5B | $868.9M | ||
| Q3 24 | $2.4B | $931.9M | ||
| Q2 24 | $2.3B | $907.1M | ||
| Q1 24 | $2.2B | $889.9M |
| Q4 25 | $28.2B | $1.8B | ||
| Q3 25 | $27.4B | $1.8B | ||
| Q2 25 | $24.8B | $1.7B | ||
| Q1 25 | $24.0B | $1.8B | ||
| Q4 24 | $23.7B | $1.7B | ||
| Q3 24 | $23.6B | $1.9B | ||
| Q2 24 | $22.9B | $1.8B | ||
| Q1 24 | $22.6B | $1.8B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | 0.12× | 0.47× | ||
| Q1 25 | 0.14× | 0.51× | ||
| Q4 24 | 0.14× | 0.51× | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | 0.54× |
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 | $19.5M |
| Free Cash FlowOCF − Capex | $85.4M | — |
| FCF MarginFCF / Revenue | 22.2% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 0.81× | 2.97× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $19.5M | ||
| Q3 25 | $118.4M | $18.3M | ||
| Q2 25 | $490.3M | $49.9M | ||
| Q1 25 | $73.7M | $15.5M | ||
| Q4 24 | $162.5M | $76.3M | ||
| Q3 24 | $70.8M | $5.1M | ||
| Q2 24 | $305.5M | $20.3M | ||
| Q1 24 | $115.8M | $-13.8M |
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | — | ||
| Q2 25 | $436.1M | — | ||
| Q1 25 | $65.1M | $3.2M | ||
| Q4 24 | $156.4M | — | ||
| Q3 24 | $53.0M | $-24.3M | ||
| Q2 24 | $269.5M | — | ||
| Q1 24 | $107.3M | $-35.1M |
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 135.7% | — | ||
| Q1 25 | 21.1% | 0.8% | ||
| Q4 24 | 50.8% | — | ||
| Q3 24 | 16.5% | -5.6% | ||
| Q2 24 | 92.6% | — | ||
| Q1 24 | 36.4% | -9.1% |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 2.8% | 2.9% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.5% | 6.7% | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 2.9% | 5.5% |
| Q4 25 | 0.81× | 2.97× | ||
| Q3 25 | 1.05× | 0.72× | ||
| Q2 25 | 4.43× | 1.99× | ||
| Q1 25 | 0.70× | 0.88× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | 0.23× | ||
| Q2 24 | 2.91× | 1.07× | ||
| Q1 24 | 1.05× | -1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
