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Side-by-side financial comparison of Axil Brands, Inc. (AXIL) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $8.1M, roughly 1.7× Axil Brands, Inc.). Axil Brands, Inc. runs the higher net margin — 8.7% vs -34.7%, a 43.4% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 5.2%). Over the past eight quarters, Axil Brands, Inc.'s revenue compounded faster (12.1% CAGR vs -26.3%).

Axil Brands, Inc. is a U.S.-headquartered company that designs, manufactures and markets premium hearing protection products, audio enhancement devices and personal audio accessories. Its offerings include custom-fit earplugs, Bluetooth-enabled hearing buds for work, sports and leisure use, serving both consumer and professional segments across global markets.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

AXIL vs FENC — Head-to-Head

Bigger by revenue
FENC
FENC
1.7× larger
FENC
$13.8M
$8.1M
AXIL
Growing faster (revenue YoY)
FENC
FENC
+68.6% gap
FENC
73.8%
5.2%
AXIL
Higher net margin
AXIL
AXIL
43.4% more per $
AXIL
8.7%
-34.7%
FENC
Faster 2-yr revenue CAGR
AXIL
AXIL
Annualised
AXIL
12.1%
-26.3%
FENC

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AXIL
AXIL
FENC
FENC
Revenue
$8.1M
$13.8M
Net Profit
$704.9K
$-4.8M
Gross Margin
68.1%
Operating Margin
11.1%
-18.5%
Net Margin
8.7%
-34.7%
Revenue YoY
5.2%
73.8%
Net Profit YoY
11.2%
-141.1%
EPS (diluted)
$0.09
$-0.17

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
AXIL
AXIL
FENC
FENC
Q4 25
$8.1M
$13.8M
Q3 25
$6.9M
$12.5M
Q2 25
$5.8M
$9.7M
Q1 25
$6.9M
$8.8M
Q4 24
$7.7M
$7.9M
Q3 24
$5.9M
$7.0M
Q2 24
$6.5M
$7.3M
Q1 24
$6.5M
$25.4M
Net Profit
AXIL
AXIL
FENC
FENC
Q4 25
$704.9K
$-4.8M
Q3 25
$334.3K
$-638.0K
Q2 25
$-245.6K
$-3.2M
Q1 25
$576.7K
$-1.2M
Q4 24
$633.7K
$-2.0M
Q3 24
$-109.8K
$-5.7M
Q2 24
$49.5K
$-5.6M
Q1 24
$781.1K
$12.8M
Gross Margin
AXIL
AXIL
FENC
FENC
Q4 25
68.1%
Q3 25
67.6%
Q2 25
70.0%
Q1 25
71.7%
Q4 24
71.1%
Q3 24
71.0%
Q2 24
71.5%
Q1 24
71.5%
Operating Margin
AXIL
AXIL
FENC
FENC
Q4 25
11.1%
-18.5%
Q3 25
6.0%
-1.5%
Q2 25
0.8%
-28.3%
Q1 25
8.4%
-9.2%
Q4 24
8.7%
-11.8%
Q3 24
-2.4%
-74.6%
Q2 24
2.6%
-69.4%
Q1 24
-1.6%
54.2%
Net Margin
AXIL
AXIL
FENC
FENC
Q4 25
8.7%
-34.7%
Q3 25
4.9%
-5.1%
Q2 25
-4.3%
-32.7%
Q1 25
8.3%
-13.3%
Q4 24
8.2%
-25.0%
Q3 24
-1.9%
-82.2%
Q2 24
0.8%
-76.5%
Q1 24
12.1%
50.6%
EPS (diluted)
AXIL
AXIL
FENC
FENC
Q4 25
$0.09
$-0.17
Q3 25
$0.04
$-0.02
Q2 25
$-0.03
$-0.11
Q1 25
$0.07
$-0.04
Q4 24
$0.08
$-0.02
Q3 24
$-0.02
$-0.21
Q2 24
$0.11
$-0.20
Q1 24
$0.04
$0.41

Balance Sheet & Financial Strength

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

Metric
AXIL
AXIL
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$5.0M
$36.8M
Total DebtLower is stronger
$138.3K
Stockholders' EquityBook value
$11.1M
$35.5M
Total Assets
$16.2M
$70.6M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXIL
AXIL
FENC
FENC
Q4 25
$5.0M
$36.8M
Q3 25
$4.1M
$21.9M
Q2 25
$4.8M
$18.7M
Q1 25
$4.7M
$22.7M
Q4 24
$5.2M
$26.6M
Q3 24
$4.1M
$40.3M
Q2 24
$3.3M
$43.1M
Q1 24
$4.9M
$51.2M
Total Debt
AXIL
AXIL
FENC
FENC
Q4 25
$138.3K
Q3 25
$139.2K
$19.4M
Q2 25
$140.2K
$19.4M
Q1 25
$141.0K
$19.4M
Q4 24
$143.3K
$19.3M
Q3 24
$144.3K
$32.1M
Q2 24
$146.6K
$31.8M
Q1 24
$31.3M
Stockholders' Equity
AXIL
AXIL
FENC
FENC
Q4 25
$11.1M
$35.5M
Q3 25
$10.2M
$-4.5M
Q2 25
$9.7M
$-7.5M
Q1 25
$9.7M
$-5.9M
Q4 24
$8.8M
$-5.9M
Q3 24
$7.9M
$-5.2M
Q2 24
$7.7M
$-1.4M
Q1 24
$8.8M
$3.0M
Total Assets
AXIL
AXIL
FENC
FENC
Q4 25
$16.2M
$70.6M
Q3 25
$15.4M
$49.3M
Q2 25
$12.9M
$44.9M
Q1 25
$13.0M
$46.4M
Q4 24
$13.7M
$44.9M
Q3 24
$11.4M
$58.9M
Q2 24
$11.0M
$63.2M
Q1 24
$12.7M
$69.2M
Debt / Equity
AXIL
AXIL
FENC
FENC
Q4 25
0.01×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.02×
Q3 24
0.02×
Q2 24
0.02×
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
AXIL
AXIL
FENC
FENC
Operating Cash FlowLast quarter
$934.8K
$-6.0M
Free Cash FlowOCF − Capex
$906.4K
FCF MarginFCF / Revenue
11.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXIL
AXIL
FENC
FENC
Q4 25
$934.8K
$-6.0M
Q3 25
$-739.2K
$1.5M
Q2 25
$194.4K
$-3.7M
Q1 25
$-169.9K
$-4.3M
Q4 24
$1.0M
$-1.5M
Q3 24
$897.3K
$-2.2M
Q2 24
$-336.6K
$-8.4M
Q1 24
$-912.8K
$39.0M
Free Cash Flow
AXIL
AXIL
FENC
FENC
Q4 25
$906.4K
Q3 25
$-747.6K
Q2 25
Q1 25
$-258.2K
Q4 24
$941.1K
Q3 24
Q2 24
$-394.9K
Q1 24
$-922.1K
FCF Margin
AXIL
AXIL
FENC
FENC
Q4 25
11.1%
Q3 25
-10.9%
Q2 25
Q1 25
-3.7%
Q4 24
12.2%
Q3 24
Q2 24
-6.1%
Q1 24
-14.3%
Capex Intensity
AXIL
AXIL
FENC
FENC
Q4 25
0.3%
Q3 25
0.1%
Q2 25
Q1 25
1.3%
Q4 24
0.9%
Q3 24
Q2 24
0.9%
Q1 24
0.1%
Cash Conversion
AXIL
AXIL
FENC
FENC
Q4 25
1.33×
Q3 25
-2.21×
Q2 25
Q1 25
-0.29×
Q4 24
1.59×
Q3 24
Q2 24
-6.80×
Q1 24
-1.17×
3.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXIL
AXIL

Hearing Enhancement And Protection$7.8M95%
Other$378.9K5%

FENC
FENC

Segment breakdown not available.

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