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Side-by-side financial comparison of Axos Financial, Inc. (AX) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). Axos Financial, Inc. runs the higher net margin — 31.8% vs 5.0%, a 26.8% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 7.1%).
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 OSW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $242.1M |
| Net Profit | $124.7M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | — | 6.8% |
| Net Margin | 31.8% | 5.0% |
| Revenue YoY | — | 11.5% |
| Net Profit YoY | 18.5% | -16.2% |
| EPS (diluted) | $2.15 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $323.4M | $258.5M | ||
| Q2 25 | $321.4M | $240.7M | ||
| Q1 25 | $308.8M | $219.6M | ||
| Q4 24 | $307.9M | $217.2M | ||
| Q3 24 | $320.7M | $241.7M | ||
| Q2 24 | $290.9M | $224.9M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $12.1M | ||
| Q3 25 | $112.4M | $24.3M | ||
| Q2 25 | $110.7M | $19.9M | ||
| Q1 25 | $105.2M | $15.3M | ||
| Q4 24 | $104.7M | $14.4M | ||
| Q3 24 | $112.3M | $21.6M | ||
| Q2 24 | $104.9M | $15.8M |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 6.8% | ||
| Q3 25 | 46.3% | 10.2% | ||
| Q2 25 | 48.5% | 9.2% | ||
| Q1 25 | 47.9% | 7.7% | ||
| Q4 24 | 48.8% | 7.9% | ||
| Q3 24 | 49.6% | 10.3% | ||
| Q2 24 | 49.6% | 8.4% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 5.0% | ||
| Q3 25 | 34.7% | 9.4% | ||
| Q2 25 | 34.4% | 8.3% | ||
| Q1 25 | 34.1% | 7.0% | ||
| Q4 24 | 34.0% | 6.6% | ||
| Q3 24 | 35.0% | 8.9% | ||
| Q2 24 | 36.0% | 7.0% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $0.12 | ||
| Q3 25 | $1.94 | $0.23 | ||
| Q2 25 | $1.89 | $0.19 | ||
| Q1 25 | $1.81 | $0.15 | ||
| Q4 24 | $1.80 | $0.13 | ||
| Q3 24 | $1.93 | $0.20 | ||
| Q2 24 | $1.75 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $3.1B | $542.6M |
| Total Assets | $29.2B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $16.3M | ||
| Q3 25 | $2.6B | $29.6M | ||
| Q2 25 | $1.9B | $35.0M | ||
| Q1 25 | $2.0B | $22.6M | ||
| Q4 24 | $2.4B | $57.4M | ||
| Q3 24 | $2.6B | $48.8M | ||
| Q2 24 | $2.0B | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | $312.7M | $96.2M | ||
| Q1 25 | $377.4M | $97.4M | ||
| Q4 24 | $358.7M | $98.6M | ||
| Q3 24 | $313.5M | $98.7M | ||
| Q2 24 | $325.7M | $123.8M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $542.6M | ||
| Q3 25 | $2.8B | $552.8M | ||
| Q2 25 | $2.7B | $548.3M | ||
| Q1 25 | $2.6B | $530.6M | ||
| Q4 24 | $2.5B | $554.5M | ||
| Q3 24 | $2.4B | $540.1M | ||
| Q2 24 | $2.3B | $532.7M |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $707.1M | ||
| Q3 25 | $27.4B | $732.6M | ||
| Q2 25 | $24.8B | $731.8M | ||
| Q1 25 | $24.0B | $708.7M | ||
| Q4 24 | $23.7B | $746.4M | ||
| Q3 24 | $23.6B | $734.0M | ||
| Q2 24 | $22.9B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | 0.12× | 0.18× | ||
| Q1 25 | 0.14× | 0.18× | ||
| Q4 24 | 0.14× | 0.18× | ||
| Q3 24 | 0.13× | 0.18× | ||
| Q2 24 | 0.14× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $20.0M | ||
| Q3 25 | $118.4M | $33.2M | ||
| Q2 25 | $490.3M | $20.3M | ||
| Q1 25 | $73.7M | $10.1M | ||
| Q4 24 | $162.5M | $16.6M | ||
| Q3 24 | $70.8M | $28.6M | ||
| Q2 24 | $305.5M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $14.9M | ||
| Q3 25 | $109.3M | $27.6M | ||
| Q2 25 | $436.1M | $17.6M | ||
| Q1 25 | $65.1M | $8.4M | ||
| Q4 24 | $156.4M | $13.2M | ||
| Q3 24 | $53.0M | $27.5M | ||
| Q2 24 | $269.5M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 6.2% | ||
| Q3 25 | 33.8% | 10.7% | ||
| Q2 25 | 135.7% | 7.3% | ||
| Q1 25 | 21.1% | 3.8% | ||
| Q4 24 | 50.8% | 6.1% | ||
| Q3 24 | 16.5% | 11.4% | ||
| Q2 24 | 92.6% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 2.1% | ||
| Q3 25 | 2.8% | 2.2% | ||
| Q2 25 | 16.9% | 1.1% | ||
| Q1 25 | 2.8% | 0.8% | ||
| Q4 24 | 2.0% | 1.5% | ||
| Q3 24 | 5.5% | 0.5% | ||
| Q2 24 | 12.4% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 1.65× | ||
| Q3 25 | 1.05× | 1.36× | ||
| Q2 25 | 4.43× | 1.02× | ||
| Q1 25 | 0.70× | 0.66× | ||
| Q4 24 | 1.55× | 1.15× | ||
| Q3 24 | 0.63× | 1.33× | ||
| Q2 24 | 2.91× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
