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Side-by-side financial comparison of Axos Financial, Inc. (AX) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $207.0M, roughly 1.9× ONE Group Hospitality, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs -3.1%, a 34.9% gap on every dollar of revenue. Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 16.1%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AX vs STKS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $207.0M |
| Net Profit | $124.7M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | — | 2.2% |
| Net Margin | 31.8% | -3.1% |
| Revenue YoY | — | -6.7% |
| Net Profit YoY | 18.5% | -531.8% |
| EPS (diluted) | $2.15 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $323.4M | $180.2M | ||
| Q2 25 | $321.4M | $207.4M | ||
| Q1 25 | $308.8M | $211.1M | ||
| Q4 24 | $307.9M | $221.9M | ||
| Q3 24 | $320.7M | $194.0M | ||
| Q2 24 | $290.9M | $172.5M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $-6.4M | ||
| Q3 25 | $112.4M | $-76.7M | ||
| Q2 25 | $110.7M | $-10.1M | ||
| Q1 25 | $105.2M | $975.0K | ||
| Q4 24 | $104.7M | $1.5M | ||
| Q3 24 | $112.3M | $-9.3M | ||
| Q2 24 | $104.9M | $-7.3M |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 2.2% | ||
| Q3 25 | 46.3% | -4.4% | ||
| Q2 25 | 48.5% | 0.3% | ||
| Q1 25 | 47.9% | 5.1% | ||
| Q4 24 | 48.8% | 5.5% | ||
| Q3 24 | 49.6% | -1.9% | ||
| Q2 24 | 49.6% | 0.6% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | -3.1% | ||
| Q3 25 | 34.7% | -42.6% | ||
| Q2 25 | 34.4% | -4.9% | ||
| Q1 25 | 34.1% | 0.5% | ||
| Q4 24 | 34.0% | 0.7% | ||
| Q3 24 | 35.0% | -4.8% | ||
| Q2 24 | 36.0% | -4.3% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $-0.50 | ||
| Q3 25 | $1.94 | $-2.75 | ||
| Q2 25 | $1.89 | $-0.59 | ||
| Q1 25 | $1.81 | $-0.21 | ||
| Q4 24 | $1.80 | $-0.18 | ||
| Q3 24 | $1.93 | $-0.53 | ||
| Q2 24 | $1.75 | $-0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $3.1B | $-75.8M |
| Total Assets | $29.2B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $4.2M | ||
| Q3 25 | $2.6B | $5.5M | ||
| Q2 25 | $1.9B | $4.7M | ||
| Q1 25 | $2.0B | $21.4M | ||
| Q4 24 | $2.4B | $27.6M | ||
| Q3 24 | $2.6B | $28.2M | ||
| Q2 24 | $2.0B | $32.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | $312.7M | $347.4M | ||
| Q1 25 | $377.4M | $348.3M | ||
| Q4 24 | $358.7M | $348.3M | ||
| Q3 24 | $313.5M | $349.1M | ||
| Q2 24 | $325.7M | $350.0M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $-75.8M | ||
| Q3 25 | $2.8B | $-61.5M | ||
| Q2 25 | $2.7B | $23.0M | ||
| Q1 25 | $2.6B | $40.5M | ||
| Q4 24 | $2.5B | $45.9M | ||
| Q3 24 | $2.4B | $51.4M | ||
| Q2 24 | $2.3B | $68.1M |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $884.2M | ||
| Q3 25 | $27.4B | $879.5M | ||
| Q2 25 | $24.8B | $935.7M | ||
| Q1 25 | $24.0B | $956.0M | ||
| Q4 24 | $23.7B | $960.1M | ||
| Q3 24 | $23.6B | $953.5M | ||
| Q2 24 | $22.9B | $945.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | 15.07× | ||
| Q1 25 | 0.14× | 8.61× | ||
| Q4 24 | 0.14× | 7.59× | ||
| Q3 24 | 0.13× | 6.79× | ||
| Q2 24 | 0.14× | 5.14× |
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 | — | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $13.1M | ||
| Q3 25 | $118.4M | $5.9M | ||
| Q2 25 | $490.3M | $2.8M | ||
| Q1 25 | $73.7M | $8.5M | ||
| Q4 24 | $162.5M | $18.5M | ||
| Q3 24 | $70.8M | $19.1M | ||
| Q2 24 | $305.5M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $-329.0K | ||
| Q3 25 | $109.3M | $-6.1M | ||
| Q2 25 | $436.1M | $-15.0M | ||
| Q1 25 | $65.1M | $-5.8M | ||
| Q4 24 | $156.4M | $733.0K | ||
| Q3 24 | $53.0M | $287.0K | ||
| Q2 24 | $269.5M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | -0.2% | ||
| Q3 25 | 33.8% | -3.4% | ||
| Q2 25 | 135.7% | -7.2% | ||
| Q1 25 | 21.1% | -2.7% | ||
| Q4 24 | 50.8% | 0.3% | ||
| Q3 24 | 16.5% | 0.1% | ||
| Q2 24 | 92.6% | -13.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 6.5% | ||
| Q3 25 | 2.8% | 6.7% | ||
| Q2 25 | 16.9% | 8.6% | ||
| Q1 25 | 2.8% | 6.8% | ||
| Q4 24 | 2.0% | 8.0% | ||
| Q3 24 | 5.5% | 9.7% | ||
| Q2 24 | 12.4% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | 8.76× | ||
| Q4 24 | 1.55× | 12.54× | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | — |
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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
