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Side-by-side financial comparison of Axil Brands, Inc. (AXIL) and TH International Ltd (THCH). Click either name above to swap in a different company.

Axil Brands, Inc. is the larger business by last-quarter revenue ($8.1M vs $6.6M, roughly 1.2× TH International Ltd). Axil Brands, Inc. runs the higher net margin — 8.7% vs -41.2%, a 49.8% gap on every dollar of revenue.

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.

TH International Ltd is the exclusive operator of the Tim Hortons coffee brand in mainland China. It offers freshly brewed coffee, artisanal baked goods, light meals and branded peripheral products, operating physical offline stores and third-party delivery channels, targeting young urban consumers across tier 1, tier 2 and tier 3 cities in China.

AXIL vs THCH — Head-to-Head

Bigger by revenue
AXIL
AXIL
1.2× larger
AXIL
$8.1M
$6.6M
THCH
Higher net margin
AXIL
AXIL
49.8% more per $
AXIL
8.7%
-41.2%
THCH

Income Statement — Q2 FY2026 vs Q1 FY2024

Metric
AXIL
AXIL
THCH
THCH
Revenue
$8.1M
$6.6M
Net Profit
$704.9K
$-2.7M
Gross Margin
68.1%
Operating Margin
11.1%
-37.3%
Net Margin
8.7%
-41.2%
Revenue YoY
5.2%
Net Profit YoY
11.2%
EPS (diluted)
$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
THCH
THCH
Q4 25
$8.1M
Q3 25
$6.9M
Q2 25
$5.8M
Q1 25
$6.9M
Q4 24
$7.7M
Q3 24
$5.9M
Q2 24
$6.5M
Q1 24
$6.5M
$6.6M
Net Profit
AXIL
AXIL
THCH
THCH
Q4 25
$704.9K
Q3 25
$334.3K
Q2 25
$-245.6K
Q1 25
$576.7K
Q4 24
$633.7K
Q3 24
$-109.8K
Q2 24
$49.5K
Q1 24
$781.1K
$-2.7M
Gross Margin
AXIL
AXIL
THCH
THCH
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
THCH
THCH
Q4 25
11.1%
Q3 25
6.0%
Q2 25
0.8%
Q1 25
8.4%
Q4 24
8.7%
Q3 24
-2.4%
Q2 24
2.6%
Q1 24
-1.6%
-37.3%
Net Margin
AXIL
AXIL
THCH
THCH
Q4 25
8.7%
Q3 25
4.9%
Q2 25
-4.3%
Q1 25
8.3%
Q4 24
8.2%
Q3 24
-1.9%
Q2 24
0.8%
Q1 24
12.1%
-41.2%
EPS (diluted)
AXIL
AXIL
THCH
THCH
Q4 25
$0.09
Q3 25
$0.04
Q2 25
$-0.03
Q1 25
$0.07
Q4 24
$0.08
Q3 24
$-0.02
Q2 24
$0.11
Q1 24
$0.04

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXIL
AXIL
THCH
THCH
Q4 25
$5.0M
Q3 25
$4.1M
Q2 25
$4.8M
Q1 25
$4.7M
Q4 24
$5.2M
Q3 24
$4.1M
Q2 24
$3.3M
Q1 24
$4.9M
Total Debt
AXIL
AXIL
THCH
THCH
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
THCH
THCH
Q4 25
$11.1M
Q3 25
$10.2M
Q2 25
$9.7M
Q1 25
$9.7M
Q4 24
$8.8M
Q3 24
$7.9M
Q2 24
$7.7M
Q1 24
$8.8M
Total Assets
AXIL
AXIL
THCH
THCH
Q4 25
$16.2M
Q3 25
$15.4M
Q2 25
$12.9M
Q1 25
$13.0M
Q4 24
$13.7M
Q3 24
$11.4M
Q2 24
$11.0M
Q1 24
$12.7M
Debt / Equity
AXIL
AXIL
THCH
THCH
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
THCH
THCH
Operating Cash FlowLast quarter
$934.8K
$-511
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
THCH
THCH
Q4 25
$934.8K
Q3 25
$-739.2K
Q2 25
$194.4K
Q1 25
$-169.9K
Q4 24
$1.0M
Q3 24
$897.3K
Q2 24
$-336.6K
Q1 24
$-912.8K
$-511
Free Cash Flow
AXIL
AXIL
THCH
THCH
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
THCH
THCH
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
THCH
THCH
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
THCH
THCH
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%

THCH
THCH

Segment breakdown not available.

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