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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $385.1M, roughly 2.0× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 11.3%, a 22.0% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs -17.6%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $35.4M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 9.5%).
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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
AX vs NE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $764.4M |
| Net Profit | $128.4M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | 45.6% | 5.6% |
| Net Margin | 33.3% | 11.3% |
| Revenue YoY | 25.1% | -17.6% |
| Net Profit YoY | 22.6% | -10.4% |
| EPS (diluted) | $2.22 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $323.4M | $798.0M | ||
| Q2 25 | $321.4M | $848.7M | ||
| Q1 25 | $308.8M | $874.5M | ||
| Q4 24 | $307.9M | $927.3M | ||
| Q3 24 | $320.7M | $800.5M | ||
| Q2 24 | $290.9M | $692.8M | ||
| Q1 24 | $294.8M | $637.1M |
| Q4 25 | $128.4M | $86.6M | ||
| Q3 25 | $112.4M | $-21.1M | ||
| Q2 25 | $110.7M | $42.9M | ||
| Q1 25 | $105.2M | $108.3M | ||
| Q4 24 | $104.7M | $96.6M | ||
| Q3 24 | $112.3M | $61.2M | ||
| Q2 24 | $104.9M | $195.0M | ||
| Q1 24 | $110.7M | $95.5M |
| Q4 25 | 45.6% | 5.6% | ||
| Q3 25 | 46.3% | 6.3% | ||
| Q2 25 | 48.5% | 15.9% | ||
| Q1 25 | 47.9% | 21.4% | ||
| Q4 24 | 48.8% | 18.4% | ||
| Q3 24 | 49.6% | 14.4% | ||
| Q2 24 | 49.6% | 30.3% | ||
| Q1 24 | 52.8% | 16.9% |
| Q4 25 | 33.3% | 11.3% | ||
| Q3 25 | 34.7% | -2.6% | ||
| Q2 25 | 34.4% | 5.1% | ||
| Q1 25 | 34.1% | 12.4% | ||
| Q4 24 | 34.0% | 10.4% | ||
| Q3 24 | 35.0% | 7.6% | ||
| Q2 24 | 36.0% | 28.1% | ||
| Q1 24 | 37.6% | 15.0% |
| Q4 25 | $2.22 | $0.54 | ||
| Q3 25 | $1.94 | $-0.13 | ||
| Q2 25 | $1.89 | $0.27 | ||
| Q1 25 | $1.81 | $0.67 | ||
| Q4 24 | $1.80 | $0.56 | ||
| Q3 24 | $1.93 | $0.40 | ||
| Q2 24 | $1.75 | $1.34 | ||
| Q1 24 | $1.91 | $0.66 |
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 | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $4.5B |
| Total Assets | $28.2B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $471.4M | ||
| Q3 25 | $2.6B | $477.9M | ||
| Q2 25 | $1.9B | $338.2M | ||
| Q1 25 | $2.0B | $303.8M | ||
| Q4 24 | $2.4B | $247.3M | ||
| Q3 24 | $2.6B | $391.9M | ||
| Q2 24 | $2.0B | $162.9M | ||
| Q1 24 | $2.1B | $212.5M |
| 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 | $4.5B | ||
| Q3 25 | $2.8B | $4.5B | ||
| Q2 25 | $2.7B | $4.6B | ||
| Q1 25 | $2.6B | $4.7B | ||
| Q4 24 | $2.5B | $4.7B | ||
| Q3 24 | $2.4B | $4.7B | ||
| Q2 24 | $2.3B | $4.0B | ||
| Q1 24 | $2.2B | $3.9B |
| Q4 25 | $28.2B | $7.5B | ||
| Q3 25 | $27.4B | $7.6B | ||
| Q2 25 | $24.8B | $7.7B | ||
| Q1 25 | $24.0B | $7.9B | ||
| Q4 24 | $23.7B | $8.0B | ||
| Q3 24 | $23.6B | $8.0B | ||
| Q2 24 | $22.9B | $5.6B | ||
| Q1 24 | $22.6B | $5.4B |
| 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 | $187.1M |
| Free Cash FlowOCF − Capex | $85.4M | $35.4M |
| FCF MarginFCF / Revenue | 22.2% | 4.6% |
| Capex IntensityCapex / Revenue | 4.9% | 19.9% |
| Cash ConversionOCF / Net Profit | 0.81× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $187.1M | ||
| Q3 25 | $118.4M | $277.1M | ||
| Q2 25 | $490.3M | $216.4M | ||
| Q1 25 | $73.7M | $271.1M | ||
| Q4 24 | $162.5M | $136.2M | ||
| Q3 24 | $70.8M | $283.8M | ||
| Q2 24 | $305.5M | $106.8M | ||
| Q1 24 | $115.8M | $128.7M |
| Q4 25 | $85.4M | $35.4M | ||
| Q3 25 | $109.3M | $139.5M | ||
| Q2 25 | $436.1M | $99.8M | ||
| Q1 25 | $65.1M | $157.5M | ||
| Q4 24 | $156.4M | $-4.4M | ||
| Q3 24 | $53.0M | $156.8M | ||
| Q2 24 | $269.5M | $-34.3M | ||
| Q1 24 | $107.3M | $-37.9M |
| Q4 25 | 22.2% | 4.6% | ||
| Q3 25 | 33.8% | 17.5% | ||
| Q2 25 | 135.7% | 11.8% | ||
| Q1 25 | 21.1% | 18.0% | ||
| Q4 24 | 50.8% | -0.5% | ||
| Q3 24 | 16.5% | 19.6% | ||
| Q2 24 | 92.6% | -4.9% | ||
| Q1 24 | 36.4% | -6.0% |
| Q4 25 | 4.9% | 19.9% | ||
| Q3 25 | 2.8% | 17.3% | ||
| Q2 25 | 16.9% | 13.7% | ||
| Q1 25 | 2.8% | 13.0% | ||
| Q4 24 | 2.0% | 15.2% | ||
| Q3 24 | 5.5% | 15.9% | ||
| Q2 24 | 12.4% | 20.4% | ||
| Q1 24 | 2.9% | 26.2% |
| Q4 25 | 0.81× | 2.16× | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | 5.05× | ||
| Q1 25 | 0.70× | 2.50× | ||
| Q4 24 | 1.55× | 1.41× | ||
| Q3 24 | 0.63× | 4.64× | ||
| Q2 24 | 2.91× | 0.55× | ||
| Q1 24 | 1.05× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
