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Side-by-side financial comparison of Axos Financial, Inc. (AX) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $385.1M, roughly 1.1× Axos Financial, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs 33.3%, a 11.2% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 0.9%). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 1.3%).
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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
AX vs UDR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $425.8M |
| Net Profit | $128.4M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | 45.6% | 54.0% |
| Net Margin | 33.3% | 44.6% |
| Revenue YoY | 25.1% | 0.9% |
| Net Profit YoY | 22.6% | 147.2% |
| EPS (diluted) | $2.22 | $0.63 |
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 | — | $425.8M | ||
| Q4 25 | $385.1M | $433.1M | ||
| Q3 25 | $323.4M | $431.9M | ||
| Q2 25 | $321.4M | $425.4M | ||
| Q1 25 | $308.8M | $421.9M | ||
| Q4 24 | $307.9M | $422.7M | ||
| Q3 24 | $320.7M | $420.2M | ||
| Q2 24 | $290.9M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $128.4M | $222.9M | ||
| Q3 25 | $112.4M | $40.4M | ||
| Q2 25 | $110.7M | $37.7M | ||
| Q1 25 | $105.2M | $76.7M | ||
| Q4 24 | $104.7M | $-5.0M | ||
| Q3 24 | $112.3M | $22.6M | ||
| Q2 24 | $104.9M | $28.9M |
| Q1 26 | — | 54.0% | ||
| Q4 25 | 45.6% | 64.1% | ||
| Q3 25 | 46.3% | 17.7% | ||
| Q2 25 | 48.5% | 18.2% | ||
| Q1 25 | 47.9% | 29.0% | ||
| Q4 24 | 48.8% | 15.7% | ||
| Q3 24 | 49.6% | 16.6% | ||
| Q2 24 | 49.6% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | 33.3% | 51.5% | ||
| Q3 25 | 34.7% | 9.4% | ||
| Q2 25 | 34.4% | 8.9% | ||
| Q1 25 | 34.1% | 18.2% | ||
| Q4 24 | 34.0% | -220.5% | ||
| Q3 24 | 35.0% | 5.4% | ||
| Q2 24 | 36.0% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $2.22 | $0.67 | ||
| Q3 25 | $1.94 | $0.12 | ||
| Q2 25 | $1.89 | $0.11 | ||
| Q1 25 | $1.81 | $0.23 | ||
| Q4 24 | $1.80 | $-0.01 | ||
| Q3 24 | $1.93 | $0.06 | ||
| Q2 24 | $1.75 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $3.3B |
| Total Assets | $28.2B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $1.0B | $1.2M | ||
| Q3 25 | $2.6B | $1.2M | ||
| Q2 25 | $1.9B | $1.5M | ||
| Q1 25 | $2.0B | $1.3M | ||
| Q4 24 | $2.4B | $1.3M | ||
| Q3 24 | $2.6B | $2.3M | ||
| Q2 24 | $2.0B | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | $312.7M | $5.8B | ||
| Q1 25 | $377.4M | $5.8B | ||
| Q4 24 | $358.7M | $5.8B | ||
| Q3 24 | $313.5M | $5.9B | ||
| Q2 24 | $325.7M | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $2.9B | $3.3B | ||
| Q3 25 | $2.8B | $3.3B | ||
| Q2 25 | $2.7B | $3.3B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.5B | $3.4B | ||
| Q3 24 | $2.4B | $3.5B | ||
| Q2 24 | $2.3B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $28.2B | $10.6B | ||
| Q3 25 | $27.4B | $10.6B | ||
| Q2 25 | $24.8B | $10.6B | ||
| Q1 25 | $24.0B | $10.7B | ||
| Q4 24 | $23.7B | $10.9B | ||
| Q3 24 | $23.6B | $11.1B | ||
| Q2 24 | $22.9B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | 0.12× | 1.74× | ||
| Q1 25 | 0.14× | 1.74× | ||
| Q4 24 | 0.14× | 1.69× | ||
| Q3 24 | 0.13× | 1.67× | ||
| Q2 24 | 0.14× | 1.55× |
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 | — |
| Free Cash FlowOCF − Capex | $85.4M | — |
| FCF MarginFCF / Revenue | 22.2% | — |
| Capex IntensityCapex / Revenue | 4.9% | 4.9% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $902.9M | ||
| Q3 25 | $118.4M | $234.9M | ||
| Q2 25 | $490.3M | $250.3M | ||
| Q1 25 | $73.7M | $156.2M | ||
| Q4 24 | $162.5M | $876.8M | ||
| Q3 24 | $70.8M | $230.3M | ||
| Q2 24 | $305.5M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $650.0M | ||
| Q3 25 | $109.3M | $164.6M | ||
| Q2 25 | $436.1M | $190.1M | ||
| Q1 25 | $65.1M | $103.2M | ||
| Q4 24 | $156.4M | $627.0M | ||
| Q3 24 | $53.0M | $161.3M | ||
| Q2 24 | $269.5M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 150.1% | ||
| Q3 25 | 33.8% | 38.1% | ||
| Q2 25 | 135.7% | 44.7% | ||
| Q1 25 | 21.1% | 24.5% | ||
| Q4 24 | 50.8% | 148.3% | ||
| Q3 24 | 16.5% | 38.4% | ||
| Q2 24 | 92.6% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 4.9% | 58.4% | ||
| Q3 25 | 2.8% | 16.3% | ||
| Q2 25 | 16.9% | 14.2% | ||
| Q1 25 | 2.8% | 12.6% | ||
| Q4 24 | 2.0% | 59.1% | ||
| Q3 24 | 5.5% | 16.4% | ||
| Q2 24 | 12.4% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 4.05× | ||
| Q3 25 | 1.05× | 5.81× | ||
| Q2 25 | 4.43× | 6.64× | ||
| Q1 25 | 0.70× | 2.04× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | 10.19× | ||
| Q2 24 | 2.91× | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
