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Side-by-side financial comparison of Axil Brands, Inc. (AXIL) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $8.1M, roughly 1.6× Axil Brands, Inc.). Axil Brands, Inc. runs the higher net margin — 8.7% vs -73.9%, a 82.5% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 5.2%). Axil Brands, Inc. produced more free cash flow last quarter ($906.4K vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% 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.
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
AXIL vs TLSI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1M | $13.2M |
| Net Profit | $704.9K | $-9.8M |
| Gross Margin | 68.1% | 86.7% |
| Operating Margin | 11.1% | -24.8% |
| Net Margin | 8.7% | -73.9% |
| Revenue YoY | 5.2% | 59.8% |
| Net Profit YoY | 11.2% | 3.5% |
| EPS (diluted) | $0.09 | $-0.22 |
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.
| Q4 25 | $8.1M | $13.2M | ||
| Q3 25 | $6.9M | $11.6M | ||
| Q2 25 | $5.8M | $11.2M | ||
| Q1 25 | $6.9M | $9.2M | ||
| Q4 24 | $7.7M | $8.3M | ||
| Q3 24 | $5.9M | $7.3M | ||
| Q2 24 | $6.5M | $7.4M | ||
| Q1 24 | $6.5M | $6.5M |
| Q4 25 | $704.9K | $-9.8M | ||
| Q3 25 | $334.3K | $-10.8M | ||
| Q2 25 | $-245.6K | $-8.3M | ||
| Q1 25 | $576.7K | $-10.4M | ||
| Q4 24 | $633.7K | $-10.1M | ||
| Q3 24 | $-109.8K | $-2.4M | ||
| Q2 24 | $49.5K | $-4.3M | ||
| Q1 24 | $781.1K | $-13.2M |
| Q4 25 | 68.1% | 86.7% | ||
| Q3 25 | 67.6% | 83.5% | ||
| Q2 25 | 70.0% | 83.9% | ||
| Q1 25 | 71.7% | 83.7% | ||
| Q4 24 | 71.1% | 85.3% | ||
| Q3 24 | 71.0% | 86.3% | ||
| Q2 24 | 71.5% | 87.6% | ||
| Q1 24 | 71.5% | 85.0% |
| Q4 25 | 11.1% | -24.8% | ||
| Q3 25 | 6.0% | -77.9% | ||
| Q2 25 | 0.8% | -65.4% | ||
| Q1 25 | 8.4% | -79.9% | ||
| Q4 24 | 8.7% | -91.8% | ||
| Q3 24 | -2.4% | -118.9% | ||
| Q2 24 | 2.6% | -111.0% | ||
| Q1 24 | -1.6% | -180.8% |
| Q4 25 | 8.7% | -73.9% | ||
| Q3 25 | 4.9% | -93.5% | ||
| Q2 25 | -4.3% | -73.9% | ||
| Q1 25 | 8.3% | -113.2% | ||
| Q4 24 | 8.2% | -122.4% | ||
| Q3 24 | -1.9% | -32.6% | ||
| Q2 24 | 0.8% | -58.8% | ||
| Q1 24 | 12.1% | -204.5% |
| Q4 25 | $0.09 | $-0.22 | ||
| Q3 25 | $0.04 | $-0.96 | ||
| Q2 25 | $-0.03 | $-0.27 | ||
| Q1 25 | $0.07 | $-0.39 | ||
| Q4 24 | $0.08 | $-0.38 | ||
| Q3 24 | $-0.02 | $-0.12 | ||
| Q2 24 | $0.11 | $-0.21 | ||
| Q1 24 | $0.04 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.0M | $20.4M |
| Total DebtLower is stronger | $138.3K | — |
| Stockholders' EquityBook value | $11.1M | $-33.9M |
| Total Assets | $16.2M | $35.3M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.0M | $20.4M | ||
| Q3 25 | $4.1M | $22.7M | ||
| Q2 25 | $4.8M | $26.5M | ||
| Q1 25 | $4.7M | $13.0M | ||
| Q4 24 | $5.2M | $8.5M | ||
| Q3 24 | $4.1M | $11.3M | ||
| Q2 24 | $3.3M | $16.5M | ||
| Q1 24 | $4.9M | $4.0M |
| 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 | — | — |
| Q4 25 | $11.1M | $-33.9M | ||
| Q3 25 | $10.2M | $-26.7M | ||
| Q2 25 | $9.7M | $-19.4M | ||
| Q1 25 | $9.7M | $-34.4M | ||
| Q4 24 | $8.8M | $-25.9M | ||
| Q3 24 | $7.9M | $-20.4M | ||
| Q2 24 | $7.7M | $-25.3M | ||
| Q1 24 | $8.8M | $-36.0M |
| Q4 25 | $16.2M | $35.3M | ||
| Q3 25 | $15.4M | $36.5M | ||
| Q2 25 | $12.9M | $41.3M | ||
| Q1 25 | $13.0M | $28.6M | ||
| Q4 24 | $13.7M | $24.0M | ||
| Q3 24 | $11.4M | $27.5M | ||
| Q2 24 | $11.0M | $32.4M | ||
| Q1 24 | $12.7M | $17.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $934.8K | $-2.5M |
| Free Cash FlowOCF − Capex | $906.4K | $-2.5M |
| FCF MarginFCF / Revenue | 11.1% | -19.1% |
| Capex IntensityCapex / Revenue | 0.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $934.8K | $-2.5M | ||
| Q3 25 | $-739.2K | $-3.7M | ||
| Q2 25 | $194.4K | $-7.3M | ||
| Q1 25 | $-169.9K | $-4.5M | ||
| Q4 24 | $1.0M | $-5.7M | ||
| Q3 24 | $897.3K | $-10.8M | ||
| Q2 24 | $-336.6K | $-13.4M | ||
| Q1 24 | $-912.8K | $-10.9M |
| Q4 25 | $906.4K | $-2.5M | ||
| Q3 25 | $-747.6K | $-3.9M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | $-258.2K | $-5.3M | ||
| Q4 24 | $941.1K | $-5.8M | ||
| Q3 24 | — | $-11.0M | ||
| Q2 24 | $-394.9K | $-13.5M | ||
| Q1 24 | $-922.1K | $-10.9M |
| Q4 25 | 11.1% | -19.1% | ||
| Q3 25 | -10.9% | -33.9% | ||
| Q2 25 | — | -66.1% | ||
| Q1 25 | -3.7% | -57.3% | ||
| Q4 24 | 12.2% | -69.7% | ||
| Q3 24 | — | -149.9% | ||
| Q2 24 | -6.1% | -183.1% | ||
| Q1 24 | -14.3% | -169.3% |
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.1% | 1.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | 1.3% | 8.2% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | 0.9% | 0.8% | ||
| Q1 24 | 0.1% | 1.0% |
| 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
| Hearing Enhancement And Protection | $7.8M | 95% |
| Other | $378.9K | 5% |
TLSI
Segment breakdown not available.
