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Side-by-side financial comparison of Axos Financial, Inc. (AX) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $326.2M, roughly 1.2× New Fortress Energy Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs -259.7%, a 293.0% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs -7.0%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $-134.8M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
AX vs NFE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $326.2M |
| Net Profit | $128.4M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 45.6% | -193.0% |
| Net Margin | 33.3% | -259.7% |
| Revenue YoY | 25.1% | -7.0% |
| Net Profit YoY | 22.6% | -277.4% |
| EPS (diluted) | $2.22 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $323.4M | $240.3M | ||
| Q2 25 | $321.4M | $228.1M | ||
| Q1 25 | $308.8M | $384.9M | ||
| Q4 24 | $307.9M | $350.7M | ||
| Q3 24 | $320.7M | $446.0M | ||
| Q2 24 | $290.9M | $291.2M | ||
| Q1 24 | $294.8M | $609.5M |
| Q4 25 | $128.4M | $-847.1M | ||
| Q3 25 | $112.4M | $-263.0M | ||
| Q2 25 | $110.7M | $-546.5M | ||
| Q1 25 | $105.2M | $-175.4M | ||
| Q4 24 | $104.7M | $-224.4M | ||
| Q3 24 | $112.3M | $9.3M | ||
| Q2 24 | $104.9M | $-88.9M | ||
| Q1 24 | $110.7M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | 45.6% | -193.0% | ||
| Q3 25 | 46.3% | -37.4% | ||
| Q2 25 | 48.5% | -170.3% | ||
| Q1 25 | 47.9% | -3.3% | ||
| Q4 24 | 48.8% | 65.0% | ||
| Q3 24 | 49.6% | 17.8% | ||
| Q2 24 | 49.6% | 12.3% | ||
| Q1 24 | 52.8% | 30.4% |
| Q4 25 | 33.3% | -259.7% | ||
| Q3 25 | 34.7% | -109.4% | ||
| Q2 25 | 34.4% | -239.6% | ||
| Q1 25 | 34.1% | -45.6% | ||
| Q4 24 | 34.0% | -64.0% | ||
| Q3 24 | 35.0% | 2.1% | ||
| Q2 24 | 36.0% | -30.5% | ||
| Q1 24 | 37.6% | 8.9% |
| Q4 25 | $2.22 | $-3.03 | ||
| Q3 25 | $1.94 | $-0.96 | ||
| Q2 25 | $1.89 | $-1.99 | ||
| Q1 25 | $1.81 | $-0.65 | ||
| Q4 24 | $1.80 | $-1.10 | ||
| Q3 24 | $1.93 | $0.03 | ||
| Q2 24 | $1.75 | $-0.42 | ||
| Q1 24 | $1.91 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $2.9B | $182.6M |
| Total Assets | $28.2B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $226.5M | ||
| Q3 25 | $2.6B | $145.2M | ||
| Q2 25 | $1.9B | $551.1M | ||
| Q1 25 | $2.0B | $447.9M | ||
| Q4 24 | $2.4B | $492.9M | ||
| Q3 24 | $2.6B | $90.8M | ||
| Q2 24 | $2.0B | $133.0M | ||
| Q1 24 | $2.1B | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | $8.9B | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | — |
| Q4 25 | $2.9B | $182.6M | ||
| Q3 25 | $2.8B | $1.1B | ||
| Q2 25 | $2.7B | $1.3B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.5B | $1.9B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.3B | $1.6B | ||
| Q1 24 | $2.2B | $1.7B |
| Q4 25 | $28.2B | $10.6B | ||
| Q3 25 | $27.4B | $12.0B | ||
| Q2 25 | $24.8B | $12.0B | ||
| Q1 25 | $24.0B | $13.1B | ||
| Q4 24 | $23.7B | $12.9B | ||
| Q3 24 | $23.6B | $12.0B | ||
| Q2 24 | $22.9B | $11.4B | ||
| Q1 24 | $22.6B | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | 4.74× | ||
| 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 | $-76.2M |
| Free Cash FlowOCF − Capex | $85.4M | $-134.8M |
| FCF MarginFCF / Revenue | 22.2% | -41.3% |
| Capex IntensityCapex / Revenue | 4.9% | 18.0% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $-76.2M | ||
| Q3 25 | $118.4M | $-171.0M | ||
| Q2 25 | $490.3M | $-329.0M | ||
| Q1 25 | $73.7M | $-7.2M | ||
| Q4 24 | $162.5M | $445.3M | ||
| Q3 24 | $70.8M | $-20.0M | ||
| Q2 24 | $305.5M | $113.9M | ||
| Q1 24 | $115.8M | $63.0M |
| Q4 25 | $85.4M | $-134.8M | ||
| Q3 25 | $109.3M | $-231.6M | ||
| Q2 25 | $436.1M | $-726.7M | ||
| Q1 25 | $65.1M | $-262.3M | ||
| Q4 24 | $156.4M | $-210.3M | ||
| Q3 24 | $53.0M | $-367.0M | ||
| Q2 24 | $269.5M | $-493.2M | ||
| Q1 24 | $107.3M | $-457.9M |
| Q4 25 | 22.2% | -41.3% | ||
| Q3 25 | 33.8% | -96.4% | ||
| Q2 25 | 135.7% | -318.6% | ||
| Q1 25 | 21.1% | -68.2% | ||
| Q4 24 | 50.8% | -60.0% | ||
| Q3 24 | 16.5% | -82.3% | ||
| Q2 24 | 92.6% | -169.3% | ||
| Q1 24 | 36.4% | -75.1% |
| Q4 25 | 4.9% | 18.0% | ||
| Q3 25 | 2.8% | 25.2% | ||
| Q2 25 | 16.9% | 174.4% | ||
| Q1 25 | 2.8% | 66.3% | ||
| Q4 24 | 2.0% | 187.0% | ||
| Q3 24 | 5.5% | 77.8% | ||
| Q2 24 | 12.4% | 208.4% | ||
| Q1 24 | 2.9% | 85.5% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | -2.15× | ||
| Q2 24 | 2.91× | — | ||
| Q1 24 | 1.05× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
