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

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.2× AXIS CAPITAL HOLDINGS LTD). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs 3.4%, a 12.1% gap on every dollar of revenue.

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.

Hudbay Minerals Inc. is a Canadian mining company that produces copper, gold, silver, zinc, and molybdenum. In 2024, the company produced 137,943 tonnes of copper, 332,240 ounces of gold, 3,983,851 ounces of silver, 33,339 tonnes of zinc, and 1,323 tonnes of molybdenum. In 2024, copper sales represented 57% of revenue, gold sales represented 33% of revenue, and zinc sales represented 4% of revenue.

AXS vs HBM — Head-to-Head

Bigger by revenue
HBM
HBM
1.2× larger
HBM
$2.0B
$1.6B
AXS
Higher net margin
AXS
AXS
12.1% more per $
AXS
15.5%
3.4%
HBM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXS
AXS
HBM
HBM
Revenue
$1.6B
$2.0B
Net Profit
$254.8M
$67.8M
Gross Margin
27.4%
Operating Margin
15.6%
Net Margin
15.5%
3.4%
Revenue YoY
8.0%
Net Profit YoY
31.3%
EPS (diluted)

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
HBM
HBM
Q1 26
$1.6B
$2.0B
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.6B
Q1 25
$1.5B
$525.0M
Q4 24
$1.5B
$1.4B
Q3 24
$1.6B
Q2 24
$1.5B
Net Profit
AXS
AXS
HBM
HBM
Q1 26
$254.8M
$67.8M
Q4 25
$289.6M
Q3 25
$301.9M
Q2 25
$223.4M
Q1 25
$194.1M
$18.5M
Q4 24
$293.6M
Q3 24
$180.7M
Q2 24
$212.0M
Gross Margin
AXS
AXS
HBM
HBM
Q1 26
27.4%
Q4 25
Q3 25
Q2 25
Q1 25
29.0%
Q4 24
Q3 24
Q2 24
Operating Margin
AXS
AXS
HBM
HBM
Q1 26
15.6%
Q4 25
19.0%
Q3 25
22.1%
Q2 25
17.2%
Q1 25
15.5%
Q4 24
18.6%
Q3 24
14.2%
Q2 24
17.4%
Net Margin
AXS
AXS
HBM
HBM
Q1 26
15.5%
3.4%
Q4 25
16.7%
Q3 25
18.0%
Q2 25
13.7%
Q1 25
12.8%
3.5%
Q4 24
20.0%
Q3 24
11.2%
Q2 24
14.6%
EPS (diluted)
AXS
AXS
HBM
HBM
Q1 26
Q4 25
$3.63
Q3 25
$3.74
Q2 25
$2.72
Q1 25
$2.26
Q4 24
$3.38
Q3 24
$2.04
Q2 24
$2.40

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
HBM
HBM
Cash + ST InvestmentsLiquidity on hand
$862.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.4B
Total Assets
$35.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
HBM
HBM
Q1 26
$862.5M
Q4 25
$820.3M
Q3 25
$825.9M
Q2 25
$852.1M
Q1 25
$2.8B
Q4 24
$2.1B
Q3 24
$981.0M
Q2 24
$1.1B
Stockholders' Equity
AXS
AXS
HBM
HBM
Q1 26
$6.4B
Q4 25
$6.4B
Q3 25
$6.4B
Q2 25
$6.2B
Q1 25
$5.9B
Q4 24
$6.1B
Q3 24
$6.1B
Q2 24
$5.7B
Total Assets
AXS
AXS
HBM
HBM
Q1 26
$35.6B
Q4 25
$34.5B
Q3 25
$34.3B
Q2 25
$34.2B
Q1 25
$33.2B
Q4 24
$32.5B
Q3 24
$32.7B
Q2 24
$32.1B

Financial Flow Comparison

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

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