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Side-by-side financial comparison of Axos Financial, Inc. (AX) and TREX CO INC (TREX). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $343.4M, roughly 1.1× TREX CO INC). Axos Financial, Inc. runs the higher net margin — 31.8% vs 17.9%, a 13.9% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs -4.5%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
AX vs TREX — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $343.4M |
| Net Profit | $124.7M | $61.4M |
| Gross Margin | — | 40.5% |
| Operating Margin | — | 24.3% |
| Net Margin | 31.8% | 17.9% |
| Revenue YoY | — | 1.0% |
| Net Profit YoY | 18.5% | 1.6% |
| EPS (diluted) | $2.15 | $0.58 |
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 | $343.4M | ||
| Q4 25 | $385.1M | $161.1M | ||
| Q3 25 | $323.4M | $285.3M | ||
| Q2 25 | $321.4M | $387.8M | ||
| Q1 25 | $308.8M | $340.0M | ||
| Q4 24 | $307.9M | $167.6M | ||
| Q3 24 | $320.7M | $233.7M | ||
| Q2 24 | $290.9M | $376.5M |
| Q1 26 | $124.7M | $61.4M | ||
| Q4 25 | $128.4M | $2.3M | ||
| Q3 25 | $112.4M | $51.8M | ||
| Q2 25 | $110.7M | $75.9M | ||
| Q1 25 | $105.2M | $60.4M | ||
| Q4 24 | $104.7M | $9.8M | ||
| Q3 24 | $112.3M | $40.6M | ||
| Q2 24 | $104.9M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 45.6% | 2.2% | ||
| Q3 25 | 46.3% | 24.7% | ||
| Q2 25 | 48.5% | 26.4% | ||
| Q1 25 | 47.9% | 24.0% | ||
| Q4 24 | 48.8% | 9.2% | ||
| Q3 24 | 49.6% | 23.2% | ||
| Q2 24 | 49.6% | 31.1% |
| Q1 26 | 31.8% | 17.9% | ||
| Q4 25 | 33.3% | 1.4% | ||
| Q3 25 | 34.7% | 18.1% | ||
| Q2 25 | 34.4% | 19.6% | ||
| Q1 25 | 34.1% | 17.8% | ||
| Q4 24 | 34.0% | 5.8% | ||
| Q3 24 | 35.0% | 17.4% | ||
| Q2 24 | 36.0% | 23.1% |
| Q1 26 | $2.15 | $0.58 | ||
| Q4 25 | $2.22 | $0.03 | ||
| Q3 25 | $1.94 | $0.48 | ||
| Q2 25 | $1.89 | $0.71 | ||
| Q1 25 | $1.81 | $0.56 | ||
| Q4 24 | $1.80 | $0.10 | ||
| Q3 24 | $1.93 | $0.37 | ||
| Q2 24 | $1.75 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $995.8M |
| Total Assets | $29.2B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | $1.0B | $3.8M | ||
| Q3 25 | $2.6B | $11.4M | ||
| Q2 25 | $1.9B | $5.5M | ||
| Q1 25 | $2.0B | $5.0M | ||
| Q4 24 | $2.4B | $1.3M | ||
| Q3 24 | $2.6B | $12.8M | ||
| Q2 24 | $2.0B | $1.2M |
| Q1 26 | — | — | ||
| 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 26 | $3.1B | $995.8M | ||
| Q4 25 | $2.9B | $1.0B | ||
| Q3 25 | $2.8B | $1.0B | ||
| Q2 25 | $2.7B | $989.3M | ||
| Q1 25 | $2.6B | $910.1M | ||
| Q4 24 | $2.5B | $850.1M | ||
| Q3 24 | $2.4B | $887.9M | ||
| Q2 24 | $2.3B | $894.9M |
| Q1 26 | $29.2B | $1.7B | ||
| Q4 25 | $28.2B | $1.5B | ||
| Q3 25 | $27.4B | $1.5B | ||
| Q2 25 | $24.8B | $1.5B | ||
| Q1 25 | $24.0B | $1.6B | ||
| Q4 24 | $23.7B | $1.3B | ||
| Q3 24 | $23.6B | $1.3B | ||
| Q2 24 | $22.9B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
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 | — | $-118.4M |
| Free Cash FlowOCF − Capex | — | $-143.4M |
| FCF MarginFCF / Revenue | — | -41.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $104.1M | $65.5M | ||
| Q3 25 | $118.4M | $196.9M | ||
| Q2 25 | $490.3M | $249.8M | ||
| Q1 25 | $73.7M | $-154.0M | ||
| Q4 24 | $162.5M | $-8.5M | ||
| Q3 24 | $70.8M | $132.8M | ||
| Q2 24 | $305.5M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $85.4M | $22.1M | ||
| Q3 25 | $109.3M | $142.9M | ||
| Q2 25 | $436.1M | $203.0M | ||
| Q1 25 | $65.1M | $-233.5M | ||
| Q4 24 | $156.4M | $-89.3M | ||
| Q3 24 | $53.0M | $54.5M | ||
| Q2 24 | $269.5M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 22.2% | 13.7% | ||
| Q3 25 | 33.8% | 50.1% | ||
| Q2 25 | 135.7% | 52.3% | ||
| Q1 25 | 21.1% | -68.7% | ||
| Q4 24 | 50.8% | -53.3% | ||
| Q3 24 | 16.5% | 23.3% | ||
| Q2 24 | 92.6% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 26.9% | ||
| Q3 25 | 2.8% | 18.9% | ||
| Q2 25 | 16.9% | 12.1% | ||
| Q1 25 | 2.8% | 23.4% | ||
| Q4 24 | 2.0% | 48.2% | ||
| Q3 24 | 5.5% | 33.5% | ||
| Q2 24 | 12.4% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 0.81× | 28.45× | ||
| Q3 25 | 1.05× | 3.80× | ||
| Q2 25 | 4.43× | 3.29× | ||
| Q1 25 | 0.70× | -2.55× | ||
| Q4 24 | 1.55× | -0.87× | ||
| Q3 24 | 0.63× | 3.27× | ||
| Q2 24 | 2.91× | 2.23× |
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% |
TREX
Segment breakdown not available.
