vs
Side-by-side financial comparison of Axos Financial, Inc. (AX) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $385.1M, roughly 1.3× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs -9.3%, a 42.6% gap on every dollar of revenue. Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $37.1M).
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 TIC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $508.3M |
| Net Profit | $128.4M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | 45.6% | -3.8% |
| Net Margin | 33.3% | -9.3% |
| Revenue YoY | 25.1% | — |
| Net Profit YoY | 22.6% | — |
| EPS (diluted) | $2.22 | — |
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 | $508.3M | ||
| Q3 25 | $323.4M | $473.9M | ||
| Q2 25 | $321.4M | $313.9M | ||
| Q1 25 | $308.8M | $234.2M | ||
| Q4 24 | $307.9M | — | ||
| Q3 24 | $320.7M | — | ||
| Q2 24 | $290.9M | — | ||
| Q1 24 | $294.8M | — |
| Q4 25 | $128.4M | $-47.2M | ||
| Q3 25 | $112.4M | $-13.9M | ||
| Q2 25 | $110.7M | $-233.0K | ||
| Q1 25 | $105.2M | $-25.8M | ||
| Q4 24 | $104.7M | — | ||
| Q3 24 | $112.3M | — | ||
| Q2 24 | $104.9M | — | ||
| Q1 24 | $110.7M | — |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 45.6% | -3.8% | ||
| Q3 25 | 46.3% | -1.4% | ||
| Q2 25 | 48.5% | 5.8% | ||
| Q1 25 | 47.9% | -4.0% | ||
| Q4 24 | 48.8% | — | ||
| Q3 24 | 49.6% | — | ||
| Q2 24 | 49.6% | — | ||
| Q1 24 | 52.8% | — |
| Q4 25 | 33.3% | -9.3% | ||
| Q3 25 | 34.7% | -2.9% | ||
| Q2 25 | 34.4% | -0.1% | ||
| Q1 25 | 34.1% | -11.0% | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 36.0% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $-0.08 | ||
| Q2 25 | $1.89 | — | ||
| Q1 25 | $1.81 | — | ||
| Q4 24 | $1.80 | — | ||
| Q3 24 | $1.93 | — | ||
| Q2 24 | $1.75 | — | ||
| Q1 24 | $1.91 | — |
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 | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $2.9B | $2.2B |
| Total Assets | $28.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $439.5M | ||
| Q3 25 | $2.6B | $164.4M | ||
| Q2 25 | $1.9B | $130.1M | ||
| Q1 25 | $2.0B | $155.7M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $312.7M | $751.3M | ||
| Q1 25 | $377.4M | $752.4M | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | — |
| Q4 25 | $2.9B | $2.2B | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | — |
| Q4 25 | $28.2B | $4.4B | ||
| Q3 25 | $27.4B | $4.2B | ||
| Q2 25 | $24.8B | $2.2B | ||
| Q1 25 | $24.0B | $2.2B | ||
| Q4 24 | $23.7B | — | ||
| Q3 24 | $23.6B | — | ||
| Q2 24 | $22.9B | — | ||
| Q1 24 | $22.6B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | 0.12× | 0.64× | ||
| Q1 25 | 0.14× | 0.67× | ||
| 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 | $49.7M |
| Free Cash FlowOCF − Capex | $85.4M | $37.1M |
| FCF MarginFCF / Revenue | 22.2% | 7.3% |
| Capex IntensityCapex / Revenue | 4.9% | 2.5% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $49.7M | ||
| Q3 25 | $118.4M | $19.0M | ||
| Q2 25 | $490.3M | $-6.5M | ||
| Q1 25 | $73.7M | $32.8M | ||
| Q4 24 | $162.5M | — | ||
| Q3 24 | $70.8M | — | ||
| Q2 24 | $305.5M | — | ||
| Q1 24 | $115.8M | — |
| Q4 25 | $85.4M | $37.1M | ||
| Q3 25 | $109.3M | $10.3M | ||
| Q2 25 | $436.1M | $-14.5M | ||
| Q1 25 | $65.1M | $28.3M | ||
| Q4 24 | $156.4M | — | ||
| Q3 24 | $53.0M | — | ||
| Q2 24 | $269.5M | — | ||
| Q1 24 | $107.3M | — |
| Q4 25 | 22.2% | 7.3% | ||
| Q3 25 | 33.8% | 2.2% | ||
| Q2 25 | 135.7% | -4.6% | ||
| Q1 25 | 21.1% | 12.1% | ||
| Q4 24 | 50.8% | — | ||
| Q3 24 | 16.5% | — | ||
| Q2 24 | 92.6% | — | ||
| Q1 24 | 36.4% | — |
| Q4 25 | 4.9% | 2.5% | ||
| Q3 25 | 2.8% | 1.8% | ||
| Q2 25 | 16.9% | 2.6% | ||
| Q1 25 | 2.8% | 1.9% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 2.9% | — |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | — | ||
| Q1 24 | 1.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
