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

Axil Brands, Inc. is the larger business by last-quarter revenue ($8.1M vs $8.1M, roughly 1.0× UPEXI, INC.). Axil Brands, Inc. runs the higher net margin — 8.7% vs -2222.1%, a 2230.8% gap on every dollar of revenue. On growth, UPEXI, INC. posted the faster year-over-year revenue change (101.0% vs 5.2%). Axil Brands, Inc. produced more free cash flow last quarter ($906.4K vs $-2.7M). Over the past eight quarters, UPEXI, INC.'s revenue compounded faster (24.2% 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.

AXIL vs UPXI — Head-to-Head

Bigger by revenue
AXIL
AXIL
1.0× larger
AXIL
$8.1M
$8.1M
UPXI
Growing faster (revenue YoY)
UPXI
UPXI
+95.8% gap
UPXI
101.0%
5.2%
AXIL
Higher net margin
AXIL
AXIL
2230.8% more per $
AXIL
8.7%
-2222.1%
UPXI
More free cash flow
AXIL
AXIL
$3.6M more FCF
AXIL
$906.4K
$-2.7M
UPXI
Faster 2-yr revenue CAGR
UPXI
UPXI
Annualised
UPXI
24.2%
12.1%
AXIL

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
AXIL
AXIL
UPXI
UPXI
Revenue
$8.1M
$8.1M
Net Profit
$704.9K
$-178.9M
Gross Margin
68.1%
83.3%
Operating Margin
11.1%
-2177.9%
Net Margin
8.7%
-2222.1%
Revenue YoY
5.2%
101.0%
Net Profit YoY
11.2%
-13649.6%
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
UPXI
UPXI
Q4 25
$8.1M
$8.1M
Q3 25
$6.9M
$9.2M
Q2 25
$5.8M
$4.3M
Q1 25
$6.9M
$3.2M
Q4 24
$7.7M
$4.0M
Q3 24
$5.9M
$4.4M
Q2 24
$6.5M
$5.0M
Q1 24
$6.5M
$5.2M
Net Profit
AXIL
AXIL
UPXI
UPXI
Q4 25
$704.9K
$-178.9M
Q3 25
$334.3K
$66.7M
Q2 25
$-245.6K
$-6.9M
Q1 25
$576.7K
$-3.8M
Q4 24
$633.7K
$-1.3M
Q3 24
$-109.8K
$-1.6M
Q2 24
$49.5K
$-15.7M
Q1 24
$781.1K
$-4.1M
Gross Margin
AXIL
AXIL
UPXI
UPXI
Q4 25
68.1%
83.3%
Q3 25
67.6%
89.6%
Q2 25
70.0%
79.4%
Q1 25
71.7%
49.3%
Q4 24
71.1%
74.3%
Q3 24
71.0%
67.3%
Q2 24
71.5%
31.0%
Q1 24
71.5%
24.3%
Operating Margin
AXIL
AXIL
UPXI
UPXI
Q4 25
11.1%
-2177.9%
Q3 25
6.0%
Q2 25
0.8%
-151.7%
Q1 25
8.4%
-113.5%
Q4 24
8.7%
-26.8%
Q3 24
-2.4%
-30.6%
Q2 24
2.6%
-265.2%
Q1 24
-1.6%
-96.5%
Net Margin
AXIL
AXIL
UPXI
UPXI
Q4 25
8.7%
-2222.1%
Q3 25
4.9%
722.4%
Q2 25
-4.3%
-161.5%
Q1 25
8.3%
-121.2%
Q4 24
8.2%
-32.5%
Q3 24
-1.9%
-37.3%
Q2 24
0.8%
-312.4%
Q1 24
12.1%
-78.9%
EPS (diluted)
AXIL
AXIL
UPXI
UPXI
Q4 25
$0.09
Q3 25
$0.04
$0.76
Q2 25
$-0.03
$0.83
Q1 25
$0.07
$-2.87
Q4 24
$0.08
$-1.24
Q3 24
$-0.02
$1.55
Q2 24
$0.11
$-15.66
Q1 24
$0.04
$-4.03

Balance Sheet & Financial Strength

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

Metric
AXIL
AXIL
UPXI
UPXI
Cash + ST InvestmentsLiquidity on hand
$5.0M
Total DebtLower is stronger
$138.3K
Stockholders' EquityBook value
$11.1M
$48.7M
Total Assets
$16.2M
$271.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXIL
AXIL
UPXI
UPXI
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
UPXI
UPXI
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
UPXI
UPXI
Q4 25
$11.1M
$48.7M
Q3 25
$10.2M
$210.8M
Q2 25
$9.7M
$90.1M
Q1 25
$9.7M
$1.9M
Q4 24
$8.8M
$3.8M
Q3 24
$7.9M
$5.0M
Q2 24
$7.7M
$6.5M
Q1 24
$8.8M
$22.1M
Total Assets
AXIL
AXIL
UPXI
UPXI
Q4 25
$16.2M
$271.1M
Q3 25
$15.4M
$419.7M
Q2 25
$12.9M
$123.8M
Q1 25
$13.0M
$15.1M
Q4 24
$13.7M
$17.5M
Q3 24
$11.4M
$18.6M
Q2 24
$11.0M
$23.5M
Q1 24
$12.7M
$56.5M
Debt / Equity
AXIL
AXIL
UPXI
UPXI
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
UPXI
UPXI
Operating Cash FlowLast quarter
$934.8K
$-2.7M
Free Cash FlowOCF − Capex
$906.4K
$-2.7M
FCF MarginFCF / Revenue
11.1%
-33.5%
Capex IntensityCapex / Revenue
0.3%
0.2%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters
$-22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXIL
AXIL
UPXI
UPXI
Q4 25
$934.8K
$-2.7M
Q3 25
$-739.2K
$-9.8M
Q2 25
$194.4K
$-8.4M
Q1 25
$-169.9K
$-778.7K
Q4 24
$1.0M
$-1.4M
Q3 24
$897.3K
$-2.0M
Q2 24
$-336.6K
$-101.4K
Q1 24
$-912.8K
$783.5K
Free Cash Flow
AXIL
AXIL
UPXI
UPXI
Q4 25
$906.4K
$-2.7M
Q3 25
$-747.6K
$-9.8M
Q2 25
$-8.8M
Q1 25
$-258.2K
$-809.3K
Q4 24
$941.1K
Q3 24
$-2.1M
Q2 24
$-394.9K
$-1.0M
Q1 24
$-922.1K
$600.9K
FCF Margin
AXIL
AXIL
UPXI
UPXI
Q4 25
11.1%
-33.5%
Q3 25
-10.9%
-106.0%
Q2 25
-205.4%
Q1 25
-3.7%
-25.6%
Q4 24
12.2%
Q3 24
-49.2%
Q2 24
-6.1%
-20.5%
Q1 24
-14.3%
11.5%
Capex Intensity
AXIL
AXIL
UPXI
UPXI
Q4 25
0.3%
0.2%
Q3 25
0.1%
0.2%
Q2 25
9.0%
Q1 25
1.3%
1.0%
Q4 24
0.9%
0.0%
Q3 24
3.8%
Q2 24
0.9%
18.5%
Q1 24
0.1%
3.5%
Cash Conversion
AXIL
AXIL
UPXI
UPXI
Q4 25
1.33×
Q3 25
-2.21×
-0.15×
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%

UPXI
UPXI

Segment breakdown not available.

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