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Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) and Fortive (FTV). Click either name above to swap in a different company.

AXIS CAPITAL HOLDINGS LTD is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× Fortive). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs 12.8%, a 2.7% gap on every dollar of revenue. On growth, AXIS CAPITAL HOLDINGS LTD posted the faster year-over-year revenue change (8.0% vs 7.7%). Over the past eight quarters, AXIS CAPITAL HOLDINGS LTD's revenue compounded faster (6.4% CAGR vs -17.0%).

AXIS Capital Holdings Limited is the holding company for AXIS group of companies. It offers various risk transfer products and services through subsidiaries and branch networks in Bermuda, the United States, Canada, Europe and Singapore. The company offers insurance services including property, professional lines, terrorism, marine, energy, environmental and other insurance. The reinsurance services include property, professional lines, credit and bond, and others.

Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...

AXS vs FTV — Head-to-Head

Bigger by revenue
AXS
AXS
1.5× larger
AXS
$1.6B
$1.1B
FTV
Growing faster (revenue YoY)
AXS
AXS
+0.3% gap
AXS
8.0%
7.7%
FTV
Higher net margin
AXS
AXS
2.7% more per $
AXS
15.5%
12.8%
FTV
Faster 2-yr revenue CAGR
AXS
AXS
Annualised
AXS
6.4%
-17.0%
FTV

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXS
AXS
FTV
FTV
Revenue
$1.6B
$1.1B
Net Profit
$254.8M
$136.4M
Gross Margin
63.2%
Operating Margin
15.6%
17.9%
Net Margin
15.5%
12.8%
Revenue YoY
8.0%
7.7%
Net Profit YoY
31.3%
21.1%
EPS (diluted)
$0.44

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
AXS
AXS
FTV
FTV
Q1 26
$1.6B
$1.1B
Q4 25
$1.7B
$1.1B
Q3 25
$1.7B
$1.0B
Q2 25
$1.6B
$1.5B
Q1 25
$1.5B
$1.5B
Q4 24
$1.5B
$1.6B
Q3 24
$1.6B
$1.5B
Q2 24
$1.5B
$1.6B
Net Profit
AXS
AXS
FTV
FTV
Q1 26
$254.8M
$136.4M
Q4 25
$289.6M
$185.7M
Q3 25
$301.9M
$55.0M
Q2 25
$223.4M
$166.6M
Q1 25
$194.1M
$171.9M
Q4 24
$293.6M
$208.8M
Q3 24
$180.7M
$221.6M
Q2 24
$212.0M
$195.1M
Gross Margin
AXS
AXS
FTV
FTV
Q1 26
63.2%
Q4 25
63.2%
Q3 25
63.2%
Q2 25
59.0%
Q1 25
59.8%
Q4 24
60.3%
Q3 24
60.0%
Q2 24
59.8%
Operating Margin
AXS
AXS
FTV
FTV
Q1 26
15.6%
17.9%
Q4 25
19.0%
20.1%
Q3 25
22.1%
15.5%
Q2 25
17.2%
14.6%
Q1 25
15.5%
15.8%
Q4 24
18.6%
19.0%
Q3 24
14.2%
19.3%
Q2 24
17.4%
19.4%
Net Margin
AXS
AXS
FTV
FTV
Q1 26
15.5%
12.8%
Q4 25
16.7%
16.5%
Q3 25
18.0%
5.4%
Q2 25
13.7%
11.0%
Q1 25
12.8%
11.7%
Q4 24
20.0%
12.9%
Q3 24
11.2%
14.4%
Q2 24
14.6%
12.6%
EPS (diluted)
AXS
AXS
FTV
FTV
Q1 26
$0.44
Q4 25
$3.63
$0.60
Q3 25
$3.74
$0.16
Q2 25
$2.72
$0.49
Q1 25
$2.26
$0.50
Q4 24
$3.38
$0.60
Q3 24
$2.04
$0.63
Q2 24
$2.40
$0.55

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
FTV
FTV
Cash + ST InvestmentsLiquidity on hand
$862.5M
$356.1M
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$6.4B
$6.1B
Total Assets
$35.6B
$11.6B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
FTV
FTV
Q1 26
$862.5M
$356.1M
Q4 25
$820.3M
$375.5M
Q3 25
$825.9M
$430.8M
Q2 25
$852.1M
$1.8B
Q1 25
$2.8B
$892.1M
Q4 24
$2.1B
$813.3M
Q3 24
$981.0M
$811.3M
Q2 24
$1.1B
$644.1M
Total Debt
AXS
AXS
FTV
FTV
Q1 26
$3.5B
Q4 25
$3.2B
Q3 25
$3.3B
Q2 25
$4.8B
Q1 25
$3.9B
Q4 24
$3.7B
Q3 24
$3.9B
Q2 24
$3.8B
Stockholders' Equity
AXS
AXS
FTV
FTV
Q1 26
$6.4B
$6.1B
Q4 25
$6.4B
$6.5B
Q3 25
$6.4B
$6.5B
Q2 25
$6.2B
$10.4B
Q1 25
$5.9B
$10.2B
Q4 24
$6.1B
$10.2B
Q3 24
$6.1B
$10.6B
Q2 24
$5.7B
$10.5B
Total Assets
AXS
AXS
FTV
FTV
Q1 26
$35.6B
$11.6B
Q4 25
$34.5B
$11.7B
Q3 25
$34.3B
$11.9B
Q2 25
$34.2B
$18.2B
Q1 25
$33.2B
$17.1B
Q4 24
$32.5B
$17.0B
Q3 24
$32.7B
$17.5B
Q2 24
$32.1B
$17.3B
Debt / Equity
AXS
AXS
FTV
FTV
Q1 26
0.57×
Q4 25
0.50×
Q3 25
0.51×
Q2 25
0.46×
Q1 25
0.38×
Q4 24
0.36×
Q3 24
0.37×
Q2 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXS
AXS
FTV
FTV
Operating Cash FlowLast quarter
$234.8M
Free Cash FlowOCF − Capex
$193.8M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$935.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXS
AXS
FTV
FTV
Q1 26
$234.8M
Q4 25
$630.4M
$1.1B
Q3 25
$673.8M
$164.4M
Q2 25
$-1.7B
$311.2M
Q1 25
$309.1M
$241.7M
Q4 24
$355.5M
$502.2M
Q3 24
$587.0M
$459.0M
Q2 24
$518.1M
$308.9M
Free Cash Flow
AXS
AXS
FTV
FTV
Q1 26
$193.8M
Q4 25
$313.8M
Q3 25
$153.1M
Q2 25
$274.5M
Q1 25
$215.0M
Q4 24
$465.2M
Q3 24
$431.2M
Q2 24
$279.7M
FCF Margin
AXS
AXS
FTV
FTV
Q1 26
18.1%
Q4 25
28.0%
Q3 25
14.9%
Q2 25
18.1%
Q1 25
14.6%
Q4 24
28.7%
Q3 24
28.1%
Q2 24
18.0%
Capex Intensity
AXS
AXS
FTV
FTV
Q1 26
2.5%
Q4 25
2.7%
Q3 25
1.1%
Q2 25
2.4%
Q1 25
1.8%
Q4 24
2.3%
Q3 24
1.8%
Q2 24
1.9%
Cash Conversion
AXS
AXS
FTV
FTV
Q1 26
1.72×
Q4 25
2.18×
5.83×
Q3 25
2.23×
2.99×
Q2 25
-7.41×
1.87×
Q1 25
1.59×
1.41×
Q4 24
1.21×
2.41×
Q3 24
3.25×
2.07×
Q2 24
2.44×
1.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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