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Side-by-side financial comparison of Axos Financial, Inc. (AX) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $226.2M, roughly 1.7× USANA HEALTH SCIENCES INC). Axos Financial, Inc. runs the higher net margin — 33.3% vs 0.1%, a 33.3% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs -10.0%). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs -0.4%).
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.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
AX vs USNA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $226.2M |
| Net Profit | $128.4M | $180.0K |
| Gross Margin | — | 78.2% |
| Operating Margin | 45.6% | 1.7% |
| Net Margin | 33.3% | 0.1% |
| Revenue YoY | 25.1% | -10.0% |
| Net Profit YoY | 22.6% | -74.0% |
| EPS (diluted) | $2.22 | $-0.10 |
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 | $226.2M | ||
| Q3 25 | $323.4M | $213.7M | ||
| Q2 25 | $321.4M | $235.8M | ||
| Q1 25 | $308.8M | $249.5M | ||
| Q4 24 | $307.9M | $213.6M | ||
| Q3 24 | $320.7M | $200.2M | ||
| Q2 24 | $290.9M | $212.9M | ||
| Q1 24 | $294.8M | $227.8M |
| Q4 25 | $128.4M | $180.0K | ||
| Q3 25 | $112.4M | $-6.5M | ||
| Q2 25 | $110.7M | $9.7M | ||
| Q1 25 | $105.2M | $9.4M | ||
| Q4 24 | $104.7M | $4.5M | ||
| Q3 24 | $112.3M | $10.6M | ||
| Q2 24 | $104.9M | $10.4M | ||
| Q1 24 | $110.7M | $16.5M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 77.2% | ||
| Q2 25 | — | 78.7% | ||
| Q1 25 | — | 79.0% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.4% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 81.1% |
| Q4 25 | 45.6% | 1.7% | ||
| Q3 25 | 46.3% | 0.6% | ||
| Q2 25 | 48.5% | 7.1% | ||
| Q1 25 | 47.9% | 6.3% | ||
| Q4 24 | 48.8% | 3.8% | ||
| Q3 24 | 49.6% | 7.8% | ||
| Q2 24 | 49.6% | 8.4% | ||
| Q1 24 | 52.8% | 10.8% |
| Q4 25 | 33.3% | 0.1% | ||
| Q3 25 | 34.7% | -3.1% | ||
| Q2 25 | 34.4% | 4.1% | ||
| Q1 25 | 34.1% | 3.8% | ||
| Q4 24 | 34.0% | 2.1% | ||
| Q3 24 | 35.0% | 5.3% | ||
| Q2 24 | 36.0% | 4.9% | ||
| Q1 24 | 37.6% | 7.3% |
| Q4 25 | $2.22 | $-0.10 | ||
| Q3 25 | $1.94 | $-0.36 | ||
| Q2 25 | $1.89 | $0.52 | ||
| Q1 25 | $1.81 | $0.49 | ||
| Q4 24 | $1.80 | $0.23 | ||
| Q3 24 | $1.93 | $0.56 | ||
| Q2 24 | $1.75 | $0.54 | ||
| Q1 24 | $1.91 | $0.86 |
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 | $158.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | — |
| Total Assets | $28.2B | $742.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $158.4M | ||
| Q3 25 | $2.6B | $145.3M | ||
| Q2 25 | $1.9B | $151.3M | ||
| Q1 25 | $2.0B | $179.6M | ||
| Q4 24 | $2.4B | $181.8M | ||
| Q3 24 | $2.6B | $364.9M | ||
| Q2 24 | $2.0B | $332.4M | ||
| Q1 24 | $2.1B | $328.3M |
| 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 24 | $330.4M | — |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $528.1M | ||
| Q2 25 | $2.7B | $531.1M | ||
| Q1 25 | $2.6B | $529.8M | ||
| Q4 24 | $2.5B | $532.1M | ||
| Q3 24 | $2.4B | $533.1M | ||
| Q2 24 | $2.3B | $512.2M | ||
| Q1 24 | $2.2B | $500.0M |
| Q4 25 | $28.2B | $742.9M | ||
| Q3 25 | $27.4B | $726.6M | ||
| Q2 25 | $24.8B | $734.5M | ||
| Q1 25 | $24.0B | $746.6M | ||
| Q4 24 | $23.7B | $748.2M | ||
| Q3 24 | $23.6B | $671.3M | ||
| Q2 24 | $22.9B | $631.4M | ||
| Q1 24 | $22.6B | $629.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| 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 | — |
| Free Cash FlowOCF − Capex | $85.4M | — |
| FCF MarginFCF / Revenue | 22.2% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | — | ||
| Q3 25 | $118.4M | $-2.0M | ||
| Q2 25 | $490.3M | $12.2M | ||
| Q1 25 | $73.7M | $15.5M | ||
| Q4 24 | $162.5M | $5.8M | ||
| Q3 24 | $70.8M | $29.5M | ||
| Q2 24 | $305.5M | $8.0M | ||
| Q1 24 | $115.8M | $17.7M |
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | $-5.2M | ||
| Q2 25 | $436.1M | $7.2M | ||
| Q1 25 | $65.1M | $12.7M | ||
| Q4 24 | $156.4M | $4.0M | ||
| Q3 24 | $53.0M | $27.1M | ||
| Q2 24 | $269.5M | $5.3M | ||
| Q1 24 | $107.3M | $14.5M |
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | -2.4% | ||
| Q2 25 | 135.7% | 3.0% | ||
| Q1 25 | 21.1% | 5.1% | ||
| Q4 24 | 50.8% | 1.9% | ||
| Q3 24 | 16.5% | 13.6% | ||
| Q2 24 | 92.6% | 2.5% | ||
| Q1 24 | 36.4% | 6.4% |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | 1.5% | ||
| Q2 25 | 16.9% | 2.1% | ||
| Q1 25 | 2.8% | 1.1% | ||
| Q4 24 | 2.0% | 0.8% | ||
| Q3 24 | 5.5% | 1.2% | ||
| Q2 24 | 12.4% | 1.3% | ||
| Q1 24 | 2.9% | 1.4% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | 1.27× | ||
| Q1 25 | 0.70× | 1.65× | ||
| Q4 24 | 1.55× | 1.29× | ||
| Q3 24 | 0.63× | 2.78× | ||
| Q2 24 | 2.91× | 0.77× | ||
| Q1 24 | 1.05× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
