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Side-by-side financial comparison of Axos Financial, Inc. (AX) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $249.0M, roughly 1.6× XPLR Infrastructure, LP). Axos Financial, Inc. runs the higher net margin — 31.8% vs 11.2%, a 20.5% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
AX vs XIFR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $249.0M |
| Net Profit | $124.7M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | — | -19.3% |
| Net Margin | 31.8% | 11.2% |
| Revenue YoY | — | -15.3% |
| Net Profit YoY | 18.5% | 124.3% |
| EPS (diluted) | $2.15 | — |
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 | $249.0M | ||
| Q3 25 | $323.4M | $315.0M | ||
| Q2 25 | $321.4M | $342.0M | ||
| Q1 25 | $308.8M | $282.0M | ||
| Q4 24 | $307.9M | $294.0M | ||
| Q3 24 | $320.7M | $319.0M | ||
| Q2 24 | $290.9M | $360.0M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $28.0M | ||
| Q3 25 | $112.4M | $-37.0M | ||
| Q2 25 | $110.7M | $79.0M | ||
| Q1 25 | $105.2M | $-98.0M | ||
| Q4 24 | $104.7M | $-115.0M | ||
| Q3 24 | $112.3M | $-40.0M | ||
| Q2 24 | $104.9M | $62.0M |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | -19.3% | ||
| Q3 25 | 46.3% | 1.6% | ||
| Q2 25 | 48.5% | 26.3% | ||
| Q1 25 | 47.9% | -82.6% | ||
| Q4 24 | 48.8% | -188.1% | ||
| Q3 24 | 49.6% | 15.4% | ||
| Q2 24 | 49.6% | 18.3% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 11.2% | ||
| Q3 25 | 34.7% | -11.7% | ||
| Q2 25 | 34.4% | 23.1% | ||
| Q1 25 | 34.1% | -34.8% | ||
| Q4 24 | 34.0% | -39.1% | ||
| Q3 24 | 35.0% | -12.5% | ||
| Q2 24 | 36.0% | 17.2% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $-0.40 | ||
| Q2 25 | $1.89 | $0.84 | ||
| Q1 25 | $1.81 | $-1.05 | ||
| Q4 24 | $1.80 | — | ||
| Q3 24 | $1.93 | $-0.43 | ||
| Q2 24 | $1.75 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $3.1B | $10.9B |
| Total Assets | $29.2B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $960.0M | ||
| Q3 25 | $2.6B | $711.0M | ||
| Q2 25 | $1.9B | $880.0M | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.4B | $283.0M | ||
| Q3 24 | $2.6B | $290.0M | ||
| Q2 24 | $2.0B | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | $5.3B | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $10.9B | ||
| Q3 25 | $2.8B | $11.0B | ||
| Q2 25 | $2.7B | $11.3B | ||
| Q1 25 | $2.6B | $12.6B | ||
| Q4 24 | $2.5B | $12.9B | ||
| Q3 24 | $2.4B | $13.6B | ||
| Q2 24 | $2.3B | $13.9B |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $19.6B | ||
| Q3 25 | $27.4B | $19.1B | ||
| Q2 25 | $24.8B | $20.5B | ||
| Q1 25 | $24.0B | $21.4B | ||
| Q4 24 | $23.7B | $20.3B | ||
| Q3 24 | $23.6B | $20.9B | ||
| Q2 24 | $22.9B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | 0.41× | ||
| 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 | — | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $186.0M | ||
| Q3 25 | $118.4M | $231.0M | ||
| Q2 25 | $490.3M | $232.0M | ||
| Q1 25 | $73.7M | $90.0M | ||
| Q4 24 | $162.5M | $283.0M | ||
| Q3 24 | $70.8M | $208.0M | ||
| Q2 24 | $305.5M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $-88.0M | ||
| Q3 25 | $109.3M | $-283.0M | ||
| Q2 25 | $436.1M | $151.0M | ||
| Q1 25 | $65.1M | $1.0M | ||
| Q4 24 | $156.4M | $231.0M | ||
| Q3 24 | $53.0M | $152.0M | ||
| Q2 24 | $269.5M | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | -35.3% | ||
| Q3 25 | 33.8% | -89.8% | ||
| Q2 25 | 135.7% | 44.2% | ||
| Q1 25 | 21.1% | 0.4% | ||
| Q4 24 | 50.8% | 78.6% | ||
| Q3 24 | 16.5% | 47.6% | ||
| Q2 24 | 92.6% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 110.0% | ||
| Q3 25 | 2.8% | 163.2% | ||
| Q2 25 | 16.9% | 23.7% | ||
| Q1 25 | 2.8% | 31.6% | ||
| Q4 24 | 2.0% | 17.7% | ||
| Q3 24 | 5.5% | 17.6% | ||
| Q2 24 | 12.4% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 6.64× | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | 2.94× | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | 3.73× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
