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Side-by-side financial comparison of Axos Financial, Inc. (AX) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $385.1M, roughly 1.3× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 0.4%, a 32.9% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 4.4%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $-12.9M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
AX vs ZEUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $490.7M |
| Net Profit | $128.4M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | 45.6% | 1.5% |
| Net Margin | 33.3% | 0.4% |
| Revenue YoY | 25.1% | 4.4% |
| Net Profit YoY | 22.6% | -21.2% |
| EPS (diluted) | $2.22 | $0.18 |
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 | — | ||
| Q3 25 | $323.4M | $490.7M | ||
| Q2 25 | $321.4M | $496.5M | ||
| Q1 25 | $308.8M | $492.9M | ||
| Q4 24 | $307.9M | $418.8M | ||
| Q3 24 | $320.7M | $470.0M | ||
| Q2 24 | $290.9M | $526.3M | ||
| Q1 24 | $294.8M | $526.6M |
| Q4 25 | $128.4M | — | ||
| Q3 25 | $112.4M | $2.2M | ||
| Q2 25 | $110.7M | $5.2M | ||
| Q1 25 | $105.2M | $2.5M | ||
| Q4 24 | $104.7M | $3.9M | ||
| Q3 24 | $112.3M | $2.7M | ||
| Q2 24 | $104.9M | $7.7M | ||
| Q1 24 | $110.7M | $8.7M |
| Q4 25 | 45.6% | — | ||
| Q3 25 | 46.3% | 1.5% | ||
| Q2 25 | 48.5% | 2.3% | ||
| Q1 25 | 47.9% | 1.6% | ||
| Q4 24 | 48.8% | 2.1% | ||
| Q3 24 | 49.6% | 1.7% | ||
| Q2 24 | 49.6% | 2.9% | ||
| Q1 24 | 52.8% | 3.0% |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.7% | 0.4% | ||
| Q2 25 | 34.4% | 1.1% | ||
| Q1 25 | 34.1% | 0.5% | ||
| Q4 24 | 34.0% | 0.9% | ||
| Q3 24 | 35.0% | 0.6% | ||
| Q2 24 | 36.0% | 1.5% | ||
| Q1 24 | 37.6% | 1.7% |
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $0.18 | ||
| Q2 25 | $1.89 | $0.45 | ||
| Q1 25 | $1.81 | $0.21 | ||
| Q4 24 | $1.80 | $0.33 | ||
| Q3 24 | $1.93 | $0.23 | ||
| Q2 24 | $1.75 | $0.66 | ||
| Q1 24 | $1.91 | $0.75 |
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 | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $2.9B | $579.1M |
| Total Assets | $28.2B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | — | ||
| Q3 25 | $2.6B | $7.5M | ||
| Q2 25 | $1.9B | $14.8M | ||
| Q1 25 | $2.0B | $13.3M | ||
| Q4 24 | $2.4B | $11.9M | ||
| Q3 24 | $2.6B | $11.1M | ||
| Q2 24 | $2.0B | $9.4M | ||
| Q1 24 | $2.1B | $10.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | $312.7M | $233.2M | ||
| Q1 25 | $377.4M | $235.4M | ||
| Q4 24 | $358.7M | $272.5M | ||
| Q3 24 | $313.5M | $197.3M | ||
| Q2 24 | $325.7M | $209.2M | ||
| Q1 24 | $330.4M | $196.8M |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $579.1M | ||
| Q2 25 | $2.7B | $578.2M | ||
| Q1 25 | $2.6B | $574.2M | ||
| Q4 24 | $2.5B | $573.9M | ||
| Q3 24 | $2.4B | $570.6M | ||
| Q2 24 | $2.3B | $569.5M | ||
| Q1 24 | $2.2B | $563.0M |
| Q4 25 | $28.2B | — | ||
| Q3 25 | $27.4B | $1.1B | ||
| Q2 25 | $24.8B | $1.1B | ||
| Q1 25 | $24.0B | $1.1B | ||
| Q4 24 | $23.7B | $1.0B | ||
| Q3 24 | $23.6B | $1.0B | ||
| Q2 24 | $22.9B | $1.0B | ||
| Q1 24 | $22.6B | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | 0.12× | 0.40× | ||
| Q1 25 | 0.14× | 0.41× | ||
| Q4 24 | 0.14× | 0.47× | ||
| Q3 24 | 0.13× | 0.35× | ||
| Q2 24 | 0.14× | 0.37× | ||
| Q1 24 | 0.15× | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $85.4M | $-12.9M |
| FCF MarginFCF / Revenue | 22.2% | -2.6% |
| Capex IntensityCapex / Revenue | 4.9% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.81× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | — | ||
| Q3 25 | $118.4M | $-5.4M | ||
| Q2 25 | $490.3M | $15.5M | ||
| Q1 25 | $73.7M | $49.4M | ||
| Q4 24 | $162.5M | $14.6M | ||
| Q3 24 | $70.8M | $24.6M | ||
| Q2 24 | $305.5M | $-2.9M | ||
| Q1 24 | $115.8M | $-2.6M |
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | $-12.9M | ||
| Q2 25 | $436.1M | $6.8M | ||
| Q1 25 | $65.1M | $40.6M | ||
| Q4 24 | $156.4M | $7.4M | ||
| Q3 24 | $53.0M | $15.6M | ||
| Q2 24 | $269.5M | $-11.3M | ||
| Q1 24 | $107.3M | $-7.4M |
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | -2.6% | ||
| Q2 25 | 135.7% | 1.4% | ||
| Q1 25 | 21.1% | 8.2% | ||
| Q4 24 | 50.8% | 1.8% | ||
| Q3 24 | 16.5% | 3.3% | ||
| Q2 24 | 92.6% | -2.2% | ||
| Q1 24 | 36.4% | -1.4% |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | 1.5% | ||
| Q2 25 | 16.9% | 1.7% | ||
| Q1 25 | 2.8% | 1.8% | ||
| Q4 24 | 2.0% | 1.7% | ||
| Q3 24 | 5.5% | 1.9% | ||
| Q2 24 | 12.4% | 1.6% | ||
| Q1 24 | 2.9% | 0.9% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | -2.50× | ||
| Q2 25 | 4.43× | 2.96× | ||
| Q1 25 | 0.70× | 19.70× | ||
| Q4 24 | 1.55× | 3.75× | ||
| Q3 24 | 0.63× | 9.01× | ||
| Q2 24 | 2.91× | -0.38× | ||
| Q1 24 | 1.05× | -0.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
