vs

Side-by-side financial comparison of Axil Brands, Inc. (AXIL) and LiveWire Group, Inc. (LVWR). Click either name above to swap in a different company.

LiveWire Group, Inc. is the larger business by last-quarter revenue ($11.4M vs $8.1M, roughly 1.4× Axil Brands, Inc.). Axil Brands, Inc. runs the higher net margin — 8.7% vs -155.2%, a 163.9% gap on every dollar of revenue. On growth, LiveWire Group, Inc. posted the faster year-over-year revenue change (5.5% vs 5.2%). Axil Brands, Inc. produced more free cash flow last quarter ($906.4K vs $-8.9M). Over the past eight quarters, LiveWire Group, Inc.'s revenue compounded faster (51.0% CAGR vs 12.1%).

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.

LiveWire is an American electric motorcycle manufacturer. It was initially launched as a dedicated electric vehicle (EV) division for Harley Davidson in July 2021. The company was spun-off from its parent and went public on September 27, 2022, via merger with a special-purpose acquisition company (SPAC). It was the first publicly traded electric motorcycle company in the United States.

AXIL vs LVWR — Head-to-Head

Bigger by revenue
LVWR
LVWR
1.4× larger
LVWR
$11.4M
$8.1M
AXIL
Growing faster (revenue YoY)
LVWR
LVWR
+0.3% gap
LVWR
5.5%
5.2%
AXIL
Higher net margin
AXIL
AXIL
163.9% more per $
AXIL
8.7%
-155.2%
LVWR
More free cash flow
AXIL
AXIL
$9.8M more FCF
AXIL
$906.4K
$-8.9M
LVWR
Faster 2-yr revenue CAGR
LVWR
LVWR
Annualised
LVWR
51.0%
12.1%
AXIL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AXIL
AXIL
LVWR
LVWR
Revenue
$8.1M
$11.4M
Net Profit
$704.9K
$-17.6M
Gross Margin
68.1%
0.8%
Operating Margin
11.1%
-156.2%
Net Margin
8.7%
-155.2%
Revenue YoY
5.2%
5.5%
Net Profit YoY
11.2%
22.6%
EPS (diluted)
$0.09
$-0.09

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
LVWR
LVWR
Q4 25
$8.1M
$11.4M
Q3 25
$6.9M
$5.7M
Q2 25
$5.8M
$5.9M
Q1 25
$6.9M
$2.7M
Q4 24
$7.7M
$10.8M
Q3 24
$5.9M
$4.4M
Q2 24
$6.5M
$6.4M
Q1 24
$6.5M
$5.0M
Net Profit
AXIL
AXIL
LVWR
LVWR
Q4 25
$704.9K
$-17.6M
Q3 25
$334.3K
$-19.4M
Q2 25
$-245.6K
$-18.8M
Q1 25
$576.7K
$-19.3M
Q4 24
$633.7K
$-22.8M
Q3 24
$-109.8K
$-22.7M
Q2 24
$49.5K
$-24.8M
Q1 24
$781.1K
$-23.6M
Gross Margin
AXIL
AXIL
LVWR
LVWR
Q4 25
68.1%
0.8%
Q3 25
67.6%
-50.9%
Q2 25
70.0%
9.3%
Q1 25
71.7%
-79.0%
Q4 24
71.1%
-49.8%
Q3 24
71.0%
-34.2%
Q2 24
71.5%
-27.6%
Q1 24
71.5%
-82.9%
Operating Margin
AXIL
AXIL
LVWR
LVWR
Q4 25
11.1%
-156.2%
Q3 25
6.0%
-330.0%
Q2 25
0.8%
-311.0%
Q1 25
8.4%
-753.4%
Q4 24
8.7%
-234.6%
Q3 24
-2.4%
-596.7%
Q2 24
2.6%
-436.7%
Q1 24
-1.6%
-611.1%
Net Margin
AXIL
AXIL
LVWR
LVWR
Q4 25
8.7%
-155.2%
Q3 25
4.9%
-340.2%
Q2 25
-4.3%
-320.6%
Q1 25
8.3%
-702.6%
Q4 24
8.2%
-211.7%
Q3 24
-1.9%
-510.6%
Q2 24
0.8%
-384.6%
Q1 24
12.1%
-475.0%
EPS (diluted)
AXIL
AXIL
LVWR
LVWR
Q4 25
$0.09
$-0.09
Q3 25
$0.04
$-0.10
Q2 25
$-0.03
$-0.09
Q1 25
$0.07
$-0.09
Q4 24
$0.08
$-0.11
Q3 24
$-0.02
$-0.11
Q2 24
$0.11
$-0.12
Q1 24
$0.04
$-0.12

Balance Sheet & Financial Strength

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

Metric
AXIL
AXIL
LVWR
LVWR
Cash + ST InvestmentsLiquidity on hand
$5.0M
$82.8M
Total DebtLower is stronger
$138.3K
Stockholders' EquityBook value
$11.1M
$46.0M
Total Assets
$16.2M
$146.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXIL
AXIL
LVWR
LVWR
Q4 25
$5.0M
$82.8M
Q3 25
$4.1M
$16.3M
Q2 25
$4.8M
$29.3M
Q1 25
$4.7M
$46.2M
Q4 24
$5.2M
$64.4M
Q3 24
$4.1M
$88.4M
Q2 24
$3.3M
$113.0M
Q1 24
$4.9M
$141.0M
Total Debt
AXIL
AXIL
LVWR
LVWR
Q4 25
$138.3K
Q3 25
$139.2K
Q2 25
$140.2K
Q1 25
$141.0K
Q4 24
$143.3K
Q3 24
$144.3K
Q2 24
$146.6K
Q1 24
Stockholders' Equity
AXIL
AXIL
LVWR
LVWR
Q4 25
$11.1M
$46.0M
Q3 25
$10.2M
$61.8M
Q2 25
$9.7M
$79.7M
Q1 25
$9.7M
$97.2M
Q4 24
$8.8M
$115.1M
Q3 24
$7.9M
$137.7M
Q2 24
$7.7M
$159.0M
Q1 24
$8.8M
$183.8M
Total Assets
AXIL
AXIL
LVWR
LVWR
Q4 25
$16.2M
$146.4M
Q3 25
$15.4M
$89.2M
Q2 25
$12.9M
$109.8M
Q1 25
$13.0M
$128.3M
Q4 24
$13.7M
$148.0M
Q3 24
$11.4M
$178.3M
Q2 24
$11.0M
$204.9M
Q1 24
$12.7M
$237.1M
Debt / Equity
AXIL
AXIL
LVWR
LVWR
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

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
LVWR
LVWR
Operating Cash FlowLast quarter
$934.8K
$-7.9M
Free Cash FlowOCF − Capex
$906.4K
$-8.9M
FCF MarginFCF / Revenue
11.1%
-78.7%
Capex IntensityCapex / Revenue
0.3%
9.1%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters
$-57.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXIL
AXIL
LVWR
LVWR
Q4 25
$934.8K
$-7.9M
Q3 25
$-739.2K
$-13.3M
Q2 25
$194.4K
$-14.9M
Q1 25
$-169.9K
$-17.5M
Q4 24
$1.0M
$-21.9M
Q3 24
$897.3K
$-23.1M
Q2 24
$-336.6K
$-26.0M
Q1 24
$-912.8K
$-22.9M
Free Cash Flow
AXIL
AXIL
LVWR
LVWR
Q4 25
$906.4K
$-8.9M
Q3 25
$-747.6K
$-14.0M
Q2 25
$-16.3M
Q1 25
$-258.2K
$-18.1M
Q4 24
$941.1K
$-23.3M
Q3 24
$-24.7M
Q2 24
$-394.9K
$-27.8M
Q1 24
$-922.1K
$-26.2M
FCF Margin
AXIL
AXIL
LVWR
LVWR
Q4 25
11.1%
-78.7%
Q3 25
-10.9%
-245.9%
Q2 25
-277.7%
Q1 25
-3.7%
-660.0%
Q4 24
12.2%
-216.3%
Q3 24
-555.3%
Q2 24
-6.1%
-431.1%
Q1 24
-14.3%
-525.6%
Capex Intensity
AXIL
AXIL
LVWR
LVWR
Q4 25
0.3%
9.1%
Q3 25
0.1%
12.9%
Q2 25
24.3%
Q1 25
1.3%
22.3%
Q4 24
0.9%
13.1%
Q3 24
35.6%
Q2 24
0.9%
28.5%
Q1 24
0.1%
65.1%
Cash Conversion
AXIL
AXIL
LVWR
LVWR
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×

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%

LVWR
LVWR

STACYC Segment$7.5M66%
Other$3.8M34%

Related Comparisons