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Side-by-side financial comparison of Axil Brands, Inc. (AXIL) and PURE CYCLE CORP (PCYO). Click either name above to swap in a different company.

PURE CYCLE CORP is the larger business by last-quarter revenue ($9.1M vs $8.1M, roughly 1.1× Axil Brands, Inc.). PURE CYCLE CORP runs the higher net margin — 50.0% vs 8.7%, a 41.3% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs 5.2%). Over the past eight quarters, PURE CYCLE CORP's revenue compounded faster (69.0% 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.

Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.

AXIL vs PCYO — Head-to-Head

Bigger by revenue
PCYO
PCYO
1.1× larger
PCYO
$9.1M
$8.1M
AXIL
Growing faster (revenue YoY)
PCYO
PCYO
+53.6% gap
PCYO
58.8%
5.2%
AXIL
Higher net margin
PCYO
PCYO
41.3% more per $
PCYO
50.0%
8.7%
AXIL
Faster 2-yr revenue CAGR
PCYO
PCYO
Annualised
PCYO
69.0%
12.1%
AXIL

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AXIL
AXIL
PCYO
PCYO
Revenue
$8.1M
$9.1M
Net Profit
$704.9K
$4.6M
Gross Margin
68.1%
68.4%
Operating Margin
11.1%
48.0%
Net Margin
8.7%
50.0%
Revenue YoY
5.2%
58.8%
Net Profit YoY
11.2%
16.0%
EPS (diluted)
$0.09
$0.19

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
PCYO
PCYO
Q4 25
$8.1M
$9.1M
Q3 25
$6.9M
$11.2M
Q2 25
$5.8M
$5.1M
Q1 25
$6.9M
$4.0M
Q4 24
$7.7M
$5.8M
Q3 24
$5.9M
$12.6M
Q2 24
$6.5M
$7.6M
Q1 24
$6.5M
$3.2M
Net Profit
AXIL
AXIL
PCYO
PCYO
Q4 25
$704.9K
$4.6M
Q3 25
$334.3K
$6.1M
Q2 25
$-245.6K
$2.3M
Q1 25
$576.7K
$809.0K
Q4 24
$633.7K
$3.9M
Q3 24
$-109.8K
$6.6M
Q2 24
$49.5K
$2.8M
Q1 24
$781.1K
$118.0K
Gross Margin
AXIL
AXIL
PCYO
PCYO
Q4 25
68.1%
68.4%
Q3 25
67.6%
67.7%
Q2 25
70.0%
63.4%
Q1 25
71.7%
38.2%
Q4 24
71.1%
63.8%
Q3 24
71.0%
77.8%
Q2 24
71.5%
64.0%
Q1 24
71.5%
55.6%
Operating Margin
AXIL
AXIL
PCYO
PCYO
Q4 25
11.1%
48.0%
Q3 25
6.0%
53.1%
Q2 25
0.8%
26.0%
Q1 25
8.4%
-33.2%
Q4 24
8.7%
29.9%
Q3 24
-2.4%
62.0%
Q2 24
2.6%
40.3%
Q1 24
-1.6%
-11.5%
Net Margin
AXIL
AXIL
PCYO
PCYO
Q4 25
8.7%
50.0%
Q3 25
4.9%
54.5%
Q2 25
-4.3%
43.9%
Q1 25
8.3%
20.3%
Q4 24
8.2%
68.4%
Q3 24
-1.9%
52.6%
Q2 24
0.8%
37.2%
Q1 24
12.1%
3.7%
EPS (diluted)
AXIL
AXIL
PCYO
PCYO
Q4 25
$0.09
$0.19
Q3 25
$0.04
$0.26
Q2 25
$-0.03
$0.09
Q1 25
$0.07
$0.03
Q4 24
$0.08
$0.16
Q3 24
$-0.02
$0.27
Q2 24
$0.11
$0.12
Q1 24
$0.04
$0.00

Balance Sheet & Financial Strength

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

Metric
AXIL
AXIL
PCYO
PCYO
Cash + ST InvestmentsLiquidity on hand
$5.0M
$17.1M
Total DebtLower is stronger
$138.3K
$8.0M
Stockholders' EquityBook value
$11.1M
$147.5M
Total Assets
$16.2M
$168.1M
Debt / EquityLower = less leverage
0.01×
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXIL
AXIL
PCYO
PCYO
Q4 25
$5.0M
$17.1M
Q3 25
$4.1M
$21.9M
Q2 25
$4.8M
$14.4M
Q1 25
$4.7M
$16.5M
Q4 24
$5.2M
$19.0M
Q3 24
$4.1M
$22.1M
Q2 24
$3.3M
$20.5M
Q1 24
$4.9M
$20.6M
Total Debt
AXIL
AXIL
PCYO
PCYO
Q4 25
$138.3K
$8.0M
Q3 25
$139.2K
$6.8M
Q2 25
$140.2K
$6.9M
Q1 25
$141.0K
$6.9M
Q4 24
$143.3K
$6.9M
Q3 24
$144.3K
$6.9M
Q2 24
$146.6K
Q1 24
Stockholders' Equity
AXIL
AXIL
PCYO
PCYO
Q4 25
$11.1M
$147.5M
Q3 25
$10.2M
$142.7M
Q2 25
$9.7M
$136.7M
Q1 25
$9.7M
$134.4M
Q4 24
$8.8M
$133.6M
Q3 24
$7.9M
$129.7M
Q2 24
$7.7M
$123.2M
Q1 24
$8.8M
$120.4M
Total Assets
AXIL
AXIL
PCYO
PCYO
Q4 25
$16.2M
$168.1M
Q3 25
$15.4M
$162.3M
Q2 25
$12.9M
$151.7M
Q1 25
$13.0M
$149.7M
Q4 24
$13.7M
$149.7M
Q3 24
$11.4M
$147.4M
Q2 24
$11.0M
$140.4M
Q1 24
$12.7M
$135.2M
Debt / Equity
AXIL
AXIL
PCYO
PCYO
Q4 25
0.01×
0.05×
Q3 25
0.01×
0.05×
Q2 25
0.01×
0.05×
Q1 25
0.01×
0.05×
Q4 24
0.02×
0.05×
Q3 24
0.02×
0.05×
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
PCYO
PCYO
Operating Cash FlowLast quarter
$934.8K
$-979.0K
Free Cash FlowOCF − Capex
$906.4K
FCF MarginFCF / Revenue
11.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.33×
-0.21×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXIL
AXIL
PCYO
PCYO
Q4 25
$934.8K
$-979.0K
Q3 25
$-739.2K
$9.4M
Q2 25
$194.4K
$-503.0K
Q1 25
$-169.9K
$-1.4M
Q4 24
$1.0M
$5.7M
Q3 24
$897.3K
$3.1M
Q2 24
$-336.6K
$892.0K
Q1 24
$-912.8K
$-457.0K
Free Cash Flow
AXIL
AXIL
PCYO
PCYO
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
PCYO
PCYO
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
PCYO
PCYO
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
PCYO
PCYO
Q4 25
1.33×
-0.21×
Q3 25
-2.21×
1.53×
Q2 25
-0.22×
Q1 25
-0.29×
-1.70×
Q4 24
1.59×
1.44×
Q3 24
0.47×
Q2 24
-6.80×
0.32×
Q1 24
-1.17×
-3.87×

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%

PCYO
PCYO

Construction$6.5M71%
Water And Wastewater Resource Development Segment$2.5M27%

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