vs

Side-by-side financial comparison of Axogen, Inc. (AXGN) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.

Axogen, Inc. is the larger business by last-quarter revenue ($61.5M vs $56.8M, roughly 1.1× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -31.9%, a 28.9% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 26.6%). Axogen, Inc. produced more free cash flow last quarter ($-1.4M vs $-9.0M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 13.3%).

Axogen is a developer of surgical solutions, including human tissue grafts, based in Alachua, Florida. Axogen products are designed to remedy peripheral nerve damage. In 2013 the company raised $18 million in its initial public offering (IPO). Axogen uses a cell graft technology AVANCE to mimic a human nerve. The company also creates nerve connectors and soft tissue membranes. The company reports sensory and movement recovery in 87 percent of patients with peripheral nerve injuries. Axogen is...

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

AXGN vs STRR — Head-to-Head

Bigger by revenue
AXGN
AXGN
1.1× larger
AXGN
$61.5M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+42.5% gap
STRR
69.0%
26.6%
AXGN
Higher net margin
STRR
STRR
28.9% more per $
STRR
-3.0%
-31.9%
AXGN
More free cash flow
AXGN
AXGN
$7.6M more FCF
AXGN
$-1.4M
$-9.0M
STRR
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
13.3%
AXGN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXGN
AXGN
STRR
STRR
Revenue
$61.5M
$56.8M
Net Profit
$-19.6M
$-1.7M
Gross Margin
75.2%
Operating Margin
20.2%
-0.2%
Net Margin
-31.9%
-3.0%
Revenue YoY
26.6%
69.0%
Net Profit YoY
-410.8%
-192.1%
EPS (diluted)
$-0.38
$-0.49

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.

Revenue
AXGN
AXGN
STRR
STRR
Q1 26
$61.5M
Q4 25
$59.9M
$56.8M
Q3 25
$60.1M
$48.0M
Q2 25
$56.7M
$35.5M
Q1 25
$48.6M
$31.9M
Q4 24
$49.4M
$33.6M
Q3 24
$48.6M
$36.9M
Q2 24
$47.9M
$35.7M
Net Profit
AXGN
AXGN
STRR
STRR
Q1 26
$-19.6M
Q4 25
$-13.2M
$-1.7M
Q3 25
$708.0K
$-1.8M
Q2 25
$579.0K
$-688.0K
Q1 25
$-3.8M
$-1.8M
Q4 24
$450.0K
$-585.0K
Q3 24
$-1.9M
$-846.0K
Q2 24
$-1.9M
$-441.0K
Gross Margin
AXGN
AXGN
STRR
STRR
Q1 26
75.2%
Q4 25
74.1%
Q3 25
76.6%
43.0%
Q2 25
74.2%
Q1 25
71.9%
Q4 24
76.1%
Q3 24
74.9%
50.5%
Q2 24
73.8%
Operating Margin
AXGN
AXGN
STRR
STRR
Q1 26
20.2%
Q4 25
-16.3%
-0.2%
Q3 25
3.2%
-3.4%
Q2 25
3.0%
-0.6%
Q1 25
-3.4%
-5.4%
Q4 24
4.1%
-0.4%
Q3 24
-0.6%
-1.2%
Q2 24
-0.9%
-0.5%
Net Margin
AXGN
AXGN
STRR
STRR
Q1 26
-31.9%
Q4 25
-22.0%
-3.0%
Q3 25
1.2%
-3.7%
Q2 25
1.0%
-1.9%
Q1 25
-7.9%
-5.5%
Q4 24
0.9%
-1.7%
Q3 24
-3.8%
-2.3%
Q2 24
-4.0%
-1.2%
EPS (diluted)
AXGN
AXGN
STRR
STRR
Q1 26
$-0.38
Q4 25
$-0.28
$-0.49
Q3 25
$0.01
$-0.54
Q2 25
$0.01
$-0.23
Q1 25
$-0.08
$-0.59
Q4 24
$-0.00
$-0.21
Q3 24
$-0.04
$-0.28
Q2 24
$-0.04
$-0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXGN
AXGN
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$82.7M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$244.8M
$65.7M
Total Assets
$289.5M
$113.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXGN
AXGN
STRR
STRR
Q1 26
$82.7M
Q4 25
$41.5M
$10.3M
Q3 25
$35.8M
$15.4M
Q2 25
$29.9M
$16.8M
Q1 25
$22.1M
$16.6M
Q4 24
$33.5M
$17.0M
Q3 24
$24.5M
$15.8M
Q2 24
$21.1M
$14.7M
Total Debt
AXGN
AXGN
STRR
STRR
Q1 26
Q4 25
$48.4M
Q3 25
$48.2M
$6.5M
Q2 25
$47.9M
Q1 25
$47.7M
Q4 24
$47.5M
$0
Q3 24
$47.3M
Q2 24
$47.0M
Stockholders' Equity
AXGN
AXGN
STRR
STRR
Q1 26
$244.8M
Q4 25
$128.8M
$65.7M
Q3 25
$120.8M
$67.8M
Q2 25
$112.3M
$40.1M
Q1 25
$105.4M
$39.5M
Q4 24
$103.9M
$40.4M
Q3 24
$99.4M
$42.9M
Q2 24
$95.7M
$42.6M
Total Assets
AXGN
AXGN
STRR
STRR
Q1 26
$289.5M
Q4 25
$221.7M
$113.2M
Q3 25
$216.4M
$117.1M
Q2 25
$205.5M
$55.6M
Q1 25
$196.2M
$53.2M
Q4 24
$203.7M
$52.6M
Q3 24
$192.0M
$52.6M
Q2 24
$188.9M
$52.6M
Debt / Equity
AXGN
AXGN
STRR
STRR
Q1 26
Q4 25
0.38×
Q3 25
0.40×
0.10×
Q2 25
0.43×
Q1 25
0.45×
Q4 24
0.46×
0.00×
Q3 24
0.48×
Q2 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXGN
AXGN
STRR
STRR
Operating Cash FlowLast quarter
$-7.3M
Free Cash FlowOCF − Capex
$-1.4M
$-9.0M
FCF MarginFCF / Revenue
-2.3%
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.1M
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXGN
AXGN
STRR
STRR
Q1 26
Q4 25
$3.0M
$-7.3M
Q3 25
$3.2M
$-2.7M
Q2 25
$7.7M
$139.0K
Q1 25
$-13.2M
$-802.0K
Q4 24
$8.7M
$-2.8M
Q3 24
$3.9M
$1.3M
Q2 24
$4.2M
$-4.3M
Free Cash Flow
AXGN
AXGN
STRR
STRR
Q1 26
$-1.4M
Q4 25
$1.8M
$-9.0M
Q3 25
$1.7M
$-3.4M
Q2 25
$7.0M
$102.0K
Q1 25
$-13.4M
$-808.0K
Q4 24
$8.1M
$-2.8M
Q3 24
$3.3M
$1.3M
Q2 24
$3.3M
$-4.3M
FCF Margin
AXGN
AXGN
STRR
STRR
Q1 26
-2.3%
Q4 25
3.0%
-15.8%
Q3 25
2.8%
-7.0%
Q2 25
12.4%
0.3%
Q1 25
-27.7%
-2.5%
Q4 24
16.3%
-8.3%
Q3 24
6.8%
3.4%
Q2 24
6.8%
-12.0%
Capex Intensity
AXGN
AXGN
STRR
STRR
Q1 26
Q4 25
2.1%
3.0%
Q3 25
2.5%
1.3%
Q2 25
1.3%
0.1%
Q1 25
0.5%
0.0%
Q4 24
1.4%
0.1%
Q3 24
1.2%
0.0%
Q2 24
1.9%
0.0%
Cash Conversion
AXGN
AXGN
STRR
STRR
Q1 26
Q4 25
Q3 25
4.55×
Q2 25
13.35×
Q1 25
Q4 24
19.41×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXGN
AXGN

Segment breakdown not available.

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

Related Comparisons