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

Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $267.3M, roughly 1.5× Metallus Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs -5.3%, a 37.1% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% 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.

AX vs MTUS — Head-to-Head

Bigger by revenue
AX
AX
1.5× larger
AX
$392.2M
$267.3M
MTUS
Higher net margin
AX
AX
37.1% more per $
AX
31.8%
-5.3%
MTUS
Faster 2-yr revenue CAGR
AX
AX
Annualised
AX
16.1%
-8.8%
MTUS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AX
AX
MTUS
MTUS
Revenue
$392.2M
$267.3M
Net Profit
$124.7M
$-14.3M
Gross Margin
2.2%
Operating Margin
-7.7%
Net Margin
31.8%
-5.3%
Revenue YoY
11.1%
Net Profit YoY
18.5%
33.2%
EPS (diluted)
$2.15
$-0.34

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
MTUS
MTUS
Q1 26
$392.2M
Q4 25
$385.1M
$267.3M
Q3 25
$323.4M
$305.9M
Q2 25
$321.4M
$304.6M
Q1 25
$308.8M
$280.5M
Q4 24
$307.9M
$240.5M
Q3 24
$320.7M
$227.2M
Q2 24
$290.9M
$294.7M
Net Profit
AX
AX
MTUS
MTUS
Q1 26
$124.7M
Q4 25
$128.4M
$-14.3M
Q3 25
$112.4M
$8.1M
Q2 25
$110.7M
$3.7M
Q1 25
$105.2M
$1.3M
Q4 24
$104.7M
$-21.4M
Q3 24
$112.3M
$-5.9M
Q2 24
$104.9M
$4.6M
Gross Margin
AX
AX
MTUS
MTUS
Q1 26
Q4 25
2.2%
Q3 25
11.4%
Q2 25
10.6%
Q1 25
7.8%
Q4 24
4.5%
Q3 24
5.3%
Q2 24
8.2%
Operating Margin
AX
AX
MTUS
MTUS
Q1 26
Q4 25
45.6%
-7.7%
Q3 25
46.3%
3.6%
Q2 25
48.5%
2.8%
Q1 25
47.9%
1.0%
Q4 24
48.8%
-10.1%
Q3 24
49.6%
-3.1%
Q2 24
49.6%
2.1%
Net Margin
AX
AX
MTUS
MTUS
Q1 26
31.8%
Q4 25
33.3%
-5.3%
Q3 25
34.7%
2.6%
Q2 25
34.4%
1.2%
Q1 25
34.1%
0.5%
Q4 24
34.0%
-8.9%
Q3 24
35.0%
-2.6%
Q2 24
36.0%
1.6%
EPS (diluted)
AX
AX
MTUS
MTUS
Q1 26
$2.15
Q4 25
$2.22
$-0.34
Q3 25
$1.94
$0.19
Q2 25
$1.89
$0.09
Q1 25
$1.81
$0.03
Q4 24
$1.80
$-0.46
Q3 24
$1.93
$-0.13
Q2 24
$1.75
$0.10

Balance Sheet & Financial Strength

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

Metric
AX
AX
MTUS
MTUS
Cash + ST InvestmentsLiquidity on hand
$156.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1B
$686.0M
Total Assets
$29.2B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AX
AX
MTUS
MTUS
Q1 26
Q4 25
$1.0B
$156.7M
Q3 25
$2.6B
$191.5M
Q2 25
$1.9B
$190.8M
Q1 25
$2.0B
$180.3M
Q4 24
$2.4B
$240.7M
Q3 24
$2.6B
$254.6M
Q2 24
$2.0B
$272.8M
Total Debt
AX
AX
MTUS
MTUS
Q1 26
Q4 25
Q3 25
$0
Q2 25
$312.7M
$0
Q1 25
$377.4M
$5.4M
Q4 24
$358.7M
$5.4M
Q3 24
$313.5M
$13.2M
Q2 24
$325.7M
$13.2M
Stockholders' Equity
AX
AX
MTUS
MTUS
Q1 26
$3.1B
Q4 25
$2.9B
$686.0M
Q3 25
$2.8B
$697.7M
Q2 25
$2.7B
$690.0M
Q1 25
$2.6B
$686.1M
Q4 24
$2.5B
$690.5M
Q3 24
$2.4B
$712.7M
Q2 24
$2.3B
$736.3M
Total Assets
AX
AX
MTUS
MTUS
Q1 26
$29.2B
Q4 25
$28.2B
$1.1B
Q3 25
$27.4B
$1.2B
Q2 25
$24.8B
$1.1B
Q1 25
$24.0B
$1.1B
Q4 24
$23.7B
$1.1B
Q3 24
$23.6B
$1.1B
Q2 24
$22.9B
$1.1B
Debt / Equity
AX
AX
MTUS
MTUS
Q1 26
Q4 25
Q3 25
0.00×
Q2 25
0.12×
0.00×
Q1 25
0.14×
0.01×
Q4 24
0.14×
0.01×
Q3 24
0.13×
0.02×
Q2 24
0.14×
0.02×

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
MTUS
MTUS
Operating Cash FlowLast quarter
$-1.9M
Free Cash FlowOCF − Capex
$-37.2M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
13.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AX
AX
MTUS
MTUS
Q1 26
Q4 25
$104.1M
$-1.9M
Q3 25
$118.4M
$22.0M
Q2 25
$490.3M
$34.8M
Q1 25
$73.7M
$-38.9M
Q4 24
$162.5M
$13.9M
Q3 24
$70.8M
$-15.3M
Q2 24
$305.5M
$8.3M
Free Cash Flow
AX
AX
MTUS
MTUS
Q1 26
Q4 25
$85.4M
$-37.2M
Q3 25
$109.3M
$-6.4M
Q2 25
$436.1M
$17.0M
Q1 25
$65.1M
$-66.4M
Q4 24
$156.4M
$-1.3M
Q3 24
$53.0M
$-32.9M
Q2 24
$269.5M
$-5.8M
FCF Margin
AX
AX
MTUS
MTUS
Q1 26
Q4 25
22.2%
-13.9%
Q3 25
33.8%
-2.1%
Q2 25
135.7%
5.6%
Q1 25
21.1%
-23.7%
Q4 24
50.8%
-0.5%
Q3 24
16.5%
-14.5%
Q2 24
92.6%
-2.0%
Capex Intensity
AX
AX
MTUS
MTUS
Q1 26
Q4 25
4.9%
13.2%
Q3 25
2.8%
9.3%
Q2 25
16.9%
5.8%
Q1 25
2.8%
9.8%
Q4 24
2.0%
6.3%
Q3 24
5.5%
7.7%
Q2 24
12.4%
4.8%
Cash Conversion
AX
AX
MTUS
MTUS
Q1 26
Q4 25
0.81×
Q3 25
1.05×
2.72×
Q2 25
4.43×
9.41×
Q1 25
0.70×
-29.92×
Q4 24
1.55×
Q3 24
0.63×
Q2 24
2.91×
1.80×

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%

MTUS
MTUS

Industrial Market Sector$95.3M36%
Manufactured Components$67.8M25%
Aerospace And Defense$39.6M15%
Seamless Mechanical Tubing$31.3M12%
Energy Market Sector$18.3M7%
Other$11.3M4%
Other Market Sector$3.7M1%

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