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Side-by-side financial comparison of Axil Brands, Inc. (AXIL) and Tonix Pharmaceuticals Holding Corp. (TNXP). Click either name above to swap in a different company.

Axil Brands, Inc. is the larger business by last-quarter revenue ($8.1M vs $5.4M, roughly 1.5× Tonix Pharmaceuticals Holding Corp.). Axil Brands, Inc. runs the higher net margin — 8.7% vs -870.3%, a 879.0% gap on every dollar of revenue. On growth, Tonix Pharmaceuticals Holding Corp. posted the faster year-over-year revenue change (108.8% vs 5.2%). Axil Brands, Inc. produced more free cash flow last quarter ($906.4K vs $-41.5M). Over the past eight quarters, Tonix Pharmaceuticals Holding Corp.'s revenue compounded faster (47.4% 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.

Tonix Pharmaceuticals is a pharmaceutical company based in Chatham, New Jersey that focuses on repurposed drugs for central nervous system conditions and as of 2020 was also pursuing a vaccine for COVID-19 and a biodefense project.

AXIL vs TNXP — Head-to-Head

Bigger by revenue
AXIL
AXIL
1.5× larger
AXIL
$8.1M
$5.4M
TNXP
Growing faster (revenue YoY)
TNXP
TNXP
+103.6% gap
TNXP
108.8%
5.2%
AXIL
Higher net margin
AXIL
AXIL
879.0% more per $
AXIL
8.7%
-870.3%
TNXP
More free cash flow
AXIL
AXIL
$42.4M more FCF
AXIL
$906.4K
$-41.5M
TNXP
Faster 2-yr revenue CAGR
TNXP
TNXP
Annualised
TNXP
47.4%
12.1%
AXIL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AXIL
AXIL
TNXP
TNXP
Revenue
$8.1M
$5.4M
Net Profit
$704.9K
$-46.9M
Gross Margin
68.1%
80.4%
Operating Margin
11.1%
-895.8%
Net Margin
8.7%
-870.3%
Revenue YoY
5.2%
108.8%
Net Profit YoY
11.2%
-112.2%
EPS (diluted)
$0.09
$-4.28

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
TNXP
TNXP
Q4 25
$8.1M
$5.4M
Q3 25
$6.9M
$3.3M
Q2 25
$5.8M
$2.0M
Q1 25
$6.9M
$2.4M
Q4 24
$7.7M
$2.6M
Q3 24
$5.9M
$2.8M
Q2 24
$6.5M
$2.2M
Q1 24
$6.5M
$2.5M
Net Profit
AXIL
AXIL
TNXP
TNXP
Q4 25
$704.9K
$-46.9M
Q3 25
$334.3K
$-32.0M
Q2 25
$-245.6K
$-28.3M
Q1 25
$576.7K
$-16.8M
Q4 24
$633.7K
$-22.1M
Q3 24
$-109.8K
$-14.2M
Q2 24
$49.5K
$-78.8M
Q1 24
$781.1K
$-14.9M
Gross Margin
AXIL
AXIL
TNXP
TNXP
Q4 25
68.1%
80.4%
Q3 25
67.6%
58.4%
Q2 25
70.0%
-63.8%
Q1 25
71.7%
61.2%
Q4 24
71.1%
54.2%
Q3 24
71.0%
44.9%
Q2 24
71.5%
-52.5%
Q1 24
71.5%
33.1%
Operating Margin
AXIL
AXIL
TNXP
TNXP
Q4 25
11.1%
-895.8%
Q3 25
6.0%
-1005.1%
Q2 25
0.8%
-1416.2%
Q1 25
8.4%
-660.9%
Q4 24
8.7%
-870.6%
Q3 24
-2.4%
-551.2%
Q2 24
2.6%
-3501.6%
Q1 24
-1.6%
-860.2%
Net Margin
AXIL
AXIL
TNXP
TNXP
Q4 25
8.7%
-870.3%
Q3 25
4.9%
-972.9%
Q2 25
-4.3%
-1415.0%
Q1 25
8.3%
-692.8%
Q4 24
8.2%
-856.2%
Q3 24
-1.9%
-503.6%
Q2 24
0.8%
-3567.8%
Q1 24
12.1%
-601.9%
EPS (diluted)
AXIL
AXIL
TNXP
TNXP
Q4 25
$0.09
$-4.28
Q3 25
$0.04
$-3.59
Q2 25
$-0.03
$-3.86
Q1 25
$0.07
$-2.84
Q4 24
$0.08
$2302.65
Q3 24
$-0.02
$-22.68
Q2 24
$0.11
$-1920.85
Q1 24
$0.04
$-535.72

Balance Sheet & Financial Strength

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

Metric
AXIL
AXIL
TNXP
TNXP
Cash + ST InvestmentsLiquidity on hand
$5.0M
$207.6M
Total DebtLower is stronger
$138.3K
Stockholders' EquityBook value
$11.1M
$245.2M
Total Assets
$16.2M
$277.2M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXIL
AXIL
TNXP
TNXP
Q4 25
$5.0M
$207.6M
Q3 25
$4.1M
$190.1M
Q2 25
$4.8M
$125.3M
Q1 25
$4.7M
$131.7M
Q4 24
$5.2M
$98.8M
Q3 24
$4.1M
$28.2M
Q2 24
$3.3M
$4.2M
Q1 24
$4.9M
$7.0M
Total Debt
AXIL
AXIL
TNXP
TNXP
Q4 25
$138.3K
Q3 25
$139.2K
Q2 25
$140.2K
Q1 25
$141.0K
Q4 24
$143.3K
$8.7M
Q3 24
$144.3K
$9.4M
Q2 24
$146.6K
$10.1M
Q1 24
$10.8M
Stockholders' Equity
AXIL
AXIL
TNXP
TNXP
Q4 25
$11.1M
$245.2M
Q3 25
$10.2M
$231.1M
Q2 25
$9.7M
$168.0M
Q1 25
$9.7M
$180.4M
Q4 24
$8.8M
$139.6M
Q3 24
$7.9M
$74.2M
Q2 24
$7.7M
$42.1M
Q1 24
$8.8M
$108.1M
Total Assets
AXIL
AXIL
TNXP
TNXP
Q4 25
$16.2M
$277.2M
Q3 25
$15.4M
$252.4M
Q2 25
$12.9M
$187.4M
Q1 25
$13.0M
$192.9M
Q4 24
$13.7M
$162.9M
Q3 24
$11.4M
$95.0M
Q2 24
$11.0M
$70.3M
Q1 24
$12.7M
$135.3M
Debt / Equity
AXIL
AXIL
TNXP
TNXP
Q4 25
0.01×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.02×
0.06×
Q3 24
0.02×
0.13×
Q2 24
0.02×
0.24×
Q1 24
0.10×

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
TNXP
TNXP
Operating Cash FlowLast quarter
$934.8K
$-39.6M
Free Cash FlowOCF − Capex
$906.4K
$-41.5M
FCF MarginFCF / Revenue
11.1%
-770.4%
Capex IntensityCapex / Revenue
0.3%
34.8%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters
$-103.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXIL
AXIL
TNXP
TNXP
Q4 25
$934.8K
$-39.6M
Q3 25
$-739.2K
$-28.8M
Q2 25
$194.4K
$-14.8M
Q1 25
$-169.9K
$-16.6M
Q4 24
$1.0M
$-14.6M
Q3 24
$897.3K
$-18.8M
Q2 24
$-336.6K
$-9.9M
Q1 24
$-912.8K
$-17.6M
Free Cash Flow
AXIL
AXIL
TNXP
TNXP
Q4 25
$906.4K
$-41.5M
Q3 25
$-747.6K
$-29.7M
Q2 25
$-15.4M
Q1 25
$-258.2K
$-16.6M
Q4 24
$941.1K
$-14.6M
Q3 24
$-18.8M
Q2 24
$-394.9K
Q1 24
$-922.1K
$-17.7M
FCF Margin
AXIL
AXIL
TNXP
TNXP
Q4 25
11.1%
-770.4%
Q3 25
-10.9%
-904.1%
Q2 25
-768.8%
Q1 25
-3.7%
-682.8%
Q4 24
12.2%
-566.7%
Q3 24
-666.5%
Q2 24
-6.1%
Q1 24
-14.3%
-712.4%
Capex Intensity
AXIL
AXIL
TNXP
TNXP
Q4 25
0.3%
34.8%
Q3 25
0.1%
29.2%
Q2 25
26.4%
Q1 25
1.3%
0.2%
Q4 24
0.9%
0.1%
Q3 24
0.3%
Q2 24
0.9%
0.0%
Q1 24
0.1%
4.4%
Cash Conversion
AXIL
AXIL
TNXP
TNXP
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%

TNXP
TNXP

Zembrace Symtouch$3.1M58%
Other$2.3M42%

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