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Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) and GRANITE CONSTRUCTION INC (GVA). 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 $912.5M, roughly 1.8× GRANITE CONSTRUCTION INC). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs -4.0%, a 19.5% gap on every dollar of revenue. On growth, GRANITE CONSTRUCTION INC posted the faster year-over-year revenue change (30.4% vs 8.0%). Over the past eight quarters, AXIS CAPITAL HOLDINGS LTD's revenue compounded faster (6.4% CAGR vs -8.2%).

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.

Granite Construction Inc. is a civil construction company and aggregate producer, a member of the S&P 600 Index based and founded in Watsonville, California, and is the parent corporation of Granite Construction Company. The company is both a heavy civil construction contractor and construction aggregate manufacturer, owning or leasing quarries in several Western states for extracting mostly sands, gravel, and crushed stone products. The company was under investigation from the SEC from 2019 ...

AXS vs GVA — Head-to-Head

Bigger by revenue
AXS
AXS
1.8× larger
AXS
$1.6B
$912.5M
GVA
Growing faster (revenue YoY)
GVA
GVA
+22.5% gap
GVA
30.4%
8.0%
AXS
Higher net margin
AXS
AXS
19.5% more per $
AXS
15.5%
-4.0%
GVA
Faster 2-yr revenue CAGR
AXS
AXS
Annualised
AXS
6.4%
-8.2%
GVA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXS
AXS
GVA
GVA
Revenue
$1.6B
$912.5M
Net Profit
$254.8M
$-36.4M
Gross Margin
11.2%
Operating Margin
15.6%
Net Margin
15.5%
-4.0%
Revenue YoY
8.0%
30.4%
Net Profit YoY
31.3%
-23.9%
EPS (diluted)
$-0.96

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
GVA
GVA
Q1 26
$1.6B
$912.5M
Q4 25
$1.7B
$1.2B
Q3 25
$1.7B
$1.4B
Q2 25
$1.6B
$1.1B
Q1 25
$1.5B
$699.5M
Q4 24
$1.5B
$977.3M
Q3 24
$1.6B
$1.3B
Q2 24
$1.5B
$1.1B
Net Profit
AXS
AXS
GVA
GVA
Q1 26
$254.8M
$-36.4M
Q4 25
$289.6M
$52.0M
Q3 25
$301.9M
$102.9M
Q2 25
$223.4M
$71.7M
Q1 25
$194.1M
$-33.7M
Q4 24
$293.6M
$41.5M
Q3 24
$180.7M
$79.0M
Q2 24
$212.0M
$36.9M
Gross Margin
AXS
AXS
GVA
GVA
Q1 26
11.2%
Q4 25
14.4%
Q3 25
18.2%
Q2 25
17.7%
Q1 25
12.0%
Q4 24
15.4%
Q3 24
15.9%
Q2 24
15.2%
Operating Margin
AXS
AXS
GVA
GVA
Q1 26
15.6%
Q4 25
19.0%
6.4%
Q3 25
22.1%
10.0%
Q2 25
17.2%
9.2%
Q1 25
15.5%
-5.7%
Q4 24
18.6%
6.2%
Q3 24
14.2%
8.2%
Q2 24
17.4%
7.9%
Net Margin
AXS
AXS
GVA
GVA
Q1 26
15.5%
-4.0%
Q4 25
16.7%
4.5%
Q3 25
18.0%
7.2%
Q2 25
13.7%
6.4%
Q1 25
12.8%
-4.8%
Q4 24
20.0%
4.2%
Q3 24
11.2%
6.2%
Q2 24
14.6%
3.4%
EPS (diluted)
AXS
AXS
GVA
GVA
Q1 26
$-0.96
Q4 25
$3.63
$1.23
Q3 25
$3.74
$1.98
Q2 25
$2.72
$1.42
Q1 25
$2.26
$-0.77
Q4 24
$3.38
$0.99
Q3 24
$2.04
$1.57
Q2 24
$2.40
$0.76

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
GVA
GVA
Cash + ST InvestmentsLiquidity on hand
$862.5M
$265.7M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$6.4B
$1.1B
Total Assets
$35.6B
$3.8B
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
GVA
GVA
Q1 26
$862.5M
$265.7M
Q4 25
$820.3M
$600.2M
Q3 25
$825.9M
$547.2M
Q2 25
$852.1M
$385.3M
Q1 25
$2.8B
$422.8M
Q4 24
$2.1B
$585.6M
Q3 24
$981.0M
$472.4M
Q2 24
$1.1B
$377.2M
Total Debt
AXS
AXS
GVA
GVA
Q1 26
$1.2B
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$740.4M
Q1 25
$739.7M
Q4 24
$739.0M
Q3 24
$738.6M
Q2 24
$738.9M
Stockholders' Equity
AXS
AXS
GVA
GVA
Q1 26
$6.4B
$1.1B
Q4 25
$6.4B
$1.2B
Q3 25
$6.4B
$1.2B
Q2 25
$6.2B
$1.1B
Q1 25
$5.9B
$993.5M
Q4 24
$6.1B
$1.0B
Q3 24
$6.1B
$1.0B
Q2 24
$5.7B
$931.7M
Total Assets
AXS
AXS
GVA
GVA
Q1 26
$35.6B
$3.8B
Q4 25
$34.5B
$4.0B
Q3 25
$34.3B
$4.1B
Q2 25
$34.2B
$3.1B
Q1 25
$33.2B
$2.9B
Q4 24
$32.5B
$3.0B
Q3 24
$32.7B
$3.1B
Q2 24
$32.1B
$2.9B
Debt / Equity
AXS
AXS
GVA
GVA
Q1 26
1.15×
Q4 25
1.14×
Q3 25
1.16×
Q2 25
0.70×
Q1 25
0.74×
Q4 24
0.73×
Q3 24
0.73×
Q2 24
0.79×

Financial Flow Comparison

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

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