vs
Side-by-side financial comparison of Axos Financial, Inc. (AX) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $385.1M, roughly 1.8× Axos Financial, Inc.). On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs -17.3%). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
AX vs SM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $704.9M |
| Net Profit | $128.4M | — |
| Gross Margin | — | — |
| Operating Margin | 45.6% | 25.9% |
| Net Margin | 33.3% | — |
| Revenue YoY | 25.1% | -17.3% |
| Net Profit YoY | 22.6% | — |
| EPS (diluted) | $2.22 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $323.4M | $811.6M | ||
| Q2 25 | $321.4M | $792.9M | ||
| Q1 25 | $308.8M | $844.5M | ||
| Q4 24 | $307.9M | $852.0M | ||
| Q3 24 | $320.7M | $643.6M | ||
| Q2 24 | $290.9M | $634.6M | ||
| Q1 24 | $294.8M | $559.9M |
| Q4 25 | $128.4M | — | ||
| Q3 25 | $112.4M | $155.1M | ||
| Q2 25 | $110.7M | $201.7M | ||
| Q1 25 | $105.2M | $182.3M | ||
| Q4 24 | $104.7M | — | ||
| Q3 24 | $112.3M | $240.5M | ||
| Q2 24 | $104.9M | $210.3M | ||
| Q1 24 | $110.7M | $131.2M |
| Q4 25 | 45.6% | 25.9% | ||
| Q3 25 | 46.3% | 30.4% | ||
| Q2 25 | 48.5% | 37.2% | ||
| Q1 25 | 47.9% | 32.7% | ||
| Q4 24 | 48.8% | 33.7% | ||
| Q3 24 | 49.6% | 51.4% | ||
| Q2 24 | 49.6% | 44.0% | ||
| Q1 24 | 52.8% | 31.9% |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.7% | 19.1% | ||
| Q2 25 | 34.4% | 25.4% | ||
| Q1 25 | 34.1% | 21.6% | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 35.0% | 37.4% | ||
| Q2 24 | 36.0% | 33.1% | ||
| Q1 24 | 37.6% | 23.4% |
| Q4 25 | $2.22 | $0.94 | ||
| Q3 25 | $1.94 | $1.35 | ||
| Q2 25 | $1.89 | $1.76 | ||
| Q1 25 | $1.81 | $1.59 | ||
| Q4 24 | $1.80 | $1.63 | ||
| Q3 24 | $1.93 | $2.09 | ||
| Q2 24 | $1.75 | $1.82 | ||
| Q1 24 | $1.91 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $4.8B |
| Total Assets | $28.2B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $368.0M | ||
| Q3 25 | $2.6B | $162.3M | ||
| Q2 25 | $1.9B | $101.9M | ||
| Q1 25 | $2.0B | $54.0K | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | $1.7B | ||
| Q2 24 | $2.0B | $487.9M | ||
| Q1 24 | $2.1B | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $2.8B | $4.7B | ||
| Q2 25 | $2.7B | $4.6B | ||
| Q1 25 | $2.6B | $4.4B | ||
| Q4 24 | $2.5B | $4.2B | ||
| Q3 24 | $2.4B | $4.1B | ||
| Q2 24 | $2.3B | $3.8B | ||
| Q1 24 | $2.2B | $3.7B |
| Q4 25 | $28.2B | $9.3B | ||
| Q3 25 | $27.4B | $9.1B | ||
| Q2 25 | $24.8B | $9.0B | ||
| Q1 25 | $24.0B | $8.8B | ||
| Q4 24 | $23.7B | $8.6B | ||
| Q3 24 | $23.6B | $8.0B | ||
| Q2 24 | $22.9B | $6.7B | ||
| Q1 24 | $22.6B | $6.4B |
| 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 | $451.9M |
| Free Cash FlowOCF − Capex | $85.4M | — |
| FCF MarginFCF / Revenue | 22.2% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $451.9M | ||
| Q3 25 | $118.4M | $505.0M | ||
| Q2 25 | $490.3M | $571.1M | ||
| Q1 25 | $73.7M | $483.0M | ||
| Q4 24 | $162.5M | $578.4M | ||
| Q3 24 | $70.8M | $452.3M | ||
| Q2 24 | $305.5M | $476.4M | ||
| Q1 24 | $115.8M | $276.0M |
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | — | ||
| Q2 25 | $436.1M | — | ||
| Q1 25 | $65.1M | — | ||
| Q4 24 | $156.4M | — | ||
| Q3 24 | $53.0M | — | ||
| Q2 24 | $269.5M | — | ||
| Q1 24 | $107.3M | — |
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 135.7% | — | ||
| Q1 25 | 21.1% | — | ||
| Q4 24 | 50.8% | — | ||
| Q3 24 | 16.5% | — | ||
| Q2 24 | 92.6% | — | ||
| Q1 24 | 36.4% | — |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 2.9% | — |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | 3.26× | ||
| Q2 25 | 4.43× | 2.83× | ||
| Q1 25 | 0.70× | 2.65× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | 1.88× | ||
| Q2 24 | 2.91× | 2.27× | ||
| Q1 24 | 1.05× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
