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Side-by-side financial comparison of Axos Financial, Inc. (AX) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $392.2M, roughly 1.6× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 31.8%, a 0.0% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
AX vs TRN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $611.2M |
| Net Profit | $124.7M | $194.2M |
| Gross Margin | — | 25.5% |
| Operating Margin | — | 54.9% |
| Net Margin | 31.8% | 31.8% |
| Revenue YoY | — | -2.9% |
| Net Profit YoY | 18.5% | 413.8% |
| EPS (diluted) | $2.15 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $323.4M | $454.1M | ||
| Q2 25 | $321.4M | $506.2M | ||
| Q1 25 | $308.8M | $585.4M | ||
| Q4 24 | $307.9M | $629.4M | ||
| Q3 24 | $320.7M | $798.8M | ||
| Q2 24 | $290.9M | $841.4M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $194.2M | ||
| Q3 25 | $112.4M | $30.3M | ||
| Q2 25 | $110.7M | $14.1M | ||
| Q1 25 | $105.2M | $22.1M | ||
| Q4 24 | $104.7M | $37.8M | ||
| Q3 24 | $112.3M | $31.4M | ||
| Q2 24 | $104.9M | $54.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 21.3% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 54.9% | ||
| Q3 25 | 46.3% | 26.1% | ||
| Q2 25 | 48.5% | 18.8% | ||
| Q1 25 | 47.9% | 17.0% | ||
| Q4 24 | 48.8% | 17.8% | ||
| Q3 24 | 49.6% | 15.3% | ||
| Q2 24 | 49.6% | 16.9% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 31.8% | ||
| Q3 25 | 34.7% | 6.7% | ||
| Q2 25 | 34.4% | 2.8% | ||
| Q1 25 | 34.1% | 3.8% | ||
| Q4 24 | 34.0% | 6.0% | ||
| Q3 24 | 35.0% | 3.9% | ||
| Q2 24 | 36.0% | 6.5% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $2.25 | ||
| Q3 25 | $1.94 | $0.37 | ||
| Q2 25 | $1.89 | $0.17 | ||
| Q1 25 | $1.81 | $0.26 | ||
| Q4 24 | $1.80 | $0.34 | ||
| Q3 24 | $1.93 | $0.37 | ||
| Q2 24 | $1.75 | $0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $201.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $1.1B |
| Total Assets | $29.2B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $201.3M | ||
| Q3 25 | $2.6B | $66.3M | ||
| Q2 25 | $1.9B | $147.7M | ||
| Q1 25 | $2.0B | $94.9M | ||
| Q4 24 | $2.4B | $228.2M | ||
| Q3 24 | $2.6B | $222.4M | ||
| Q2 24 | $2.0B | $257.1M |
| 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 | — | ||
| Q4 25 | $2.9B | $1.1B | ||
| Q3 25 | $2.8B | $1.0B | ||
| Q2 25 | $2.7B | $1.0B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.1B |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $8.4B | ||
| Q3 25 | $27.4B | $8.9B | ||
| Q2 25 | $24.8B | $8.8B | ||
| Q1 25 | $24.0B | $8.7B | ||
| Q4 24 | $23.7B | $8.8B | ||
| Q3 24 | $23.6B | $8.8B | ||
| Q2 24 | $22.9B | $9.0B |
| 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 | — | $177.4M |
| Free Cash FlowOCF − Capex | — | $158.6M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $177.4M | ||
| Q3 25 | $118.4M | $44.2M | ||
| Q2 25 | $490.3M | $61.6M | ||
| Q1 25 | $73.7M | $76.5M | ||
| Q4 24 | $162.5M | $201.6M | ||
| Q3 24 | $70.8M | $78.5M | ||
| Q2 24 | $305.5M | $241.5M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $158.6M | ||
| Q3 25 | $109.3M | $35.3M | ||
| Q2 25 | $436.1M | $52.9M | ||
| Q1 25 | $65.1M | $67.3M | ||
| Q4 24 | $156.4M | $180.1M | ||
| Q3 24 | $53.0M | $62.1M | ||
| Q2 24 | $269.5M | $230.2M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 25.9% | ||
| Q3 25 | 33.8% | 7.8% | ||
| Q2 25 | 135.7% | 10.5% | ||
| Q1 25 | 21.1% | 11.5% | ||
| Q4 24 | 50.8% | 28.6% | ||
| Q3 24 | 16.5% | 7.8% | ||
| Q2 24 | 92.6% | 27.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 3.1% | ||
| Q3 25 | 2.8% | 2.0% | ||
| Q2 25 | 16.9% | 1.7% | ||
| Q1 25 | 2.8% | 1.6% | ||
| Q4 24 | 2.0% | 3.4% | ||
| Q3 24 | 5.5% | 2.1% | ||
| Q2 24 | 12.4% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 0.91× | ||
| Q3 25 | 1.05× | 1.46× | ||
| Q2 25 | 4.43× | 4.37× | ||
| Q1 25 | 0.70× | 3.46× | ||
| Q4 24 | 1.55× | 5.33× | ||
| Q3 24 | 0.63× | 2.50× | ||
| Q2 24 | 2.91× | 4.44× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
