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

KBR, INC. is the larger business by last-quarter revenue ($1.9B vs $1.6B, roughly 1.2× AXIS CAPITAL HOLDINGS LTD). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs 6.0%, a 9.5% gap on every dollar of revenue. On growth, AXIS CAPITAL HOLDINGS LTD posted the faster year-over-year revenue change (8.0% vs -0.8%).

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.

KBR, Inc. is a U.S. based company operating in fields of science, technology and engineering. KBR works in various markets including aerospace, defense, industrial, intelligence, and energy. The company supports various NASA programs, international partner space agencies, and commercial partners.

AXS vs KBR — Head-to-Head

Bigger by revenue
KBR
KBR
1.2× larger
KBR
$1.9B
$1.6B
AXS
Growing faster (revenue YoY)
AXS
AXS
+8.8% gap
AXS
8.0%
-0.8%
KBR
Higher net margin
AXS
AXS
9.5% more per $
AXS
15.5%
6.0%
KBR

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
AXS
AXS
KBR
KBR
Revenue
$1.6B
$1.9B
Net Profit
$254.8M
$115.0M
Gross Margin
14.0%
Operating Margin
15.6%
9.9%
Net Margin
15.5%
6.0%
Revenue YoY
8.0%
-0.8%
Net Profit YoY
31.3%
15.0%
EPS (diluted)
$0.90

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
KBR
KBR
Q1 26
$1.6B
Q4 25
$1.7B
$1.9B
Q3 25
$1.7B
$2.0B
Q2 25
$1.6B
$2.1B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$1.5B
Net Profit
AXS
AXS
KBR
KBR
Q1 26
$254.8M
Q4 25
$289.6M
$115.0M
Q3 25
$301.9M
$73.0M
Q2 25
$223.4M
$116.0M
Q1 25
$194.1M
Q4 24
$293.6M
Q3 24
$180.7M
Q2 24
$212.0M
Gross Margin
AXS
AXS
KBR
KBR
Q1 26
Q4 25
14.0%
Q3 25
14.9%
Q2 25
14.5%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
AXS
AXS
KBR
KBR
Q1 26
15.6%
Q4 25
19.0%
9.9%
Q3 25
22.1%
9.9%
Q2 25
17.2%
9.5%
Q1 25
15.5%
Q4 24
18.6%
Q3 24
14.2%
Q2 24
17.4%
Net Margin
AXS
AXS
KBR
KBR
Q1 26
15.5%
Q4 25
16.7%
6.0%
Q3 25
18.0%
3.7%
Q2 25
13.7%
5.6%
Q1 25
12.8%
Q4 24
20.0%
Q3 24
11.2%
Q2 24
14.6%
EPS (diluted)
AXS
AXS
KBR
KBR
Q1 26
Q4 25
$3.63
$0.90
Q3 25
$3.74
$0.56
Q2 25
$2.72
$0.88
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
KBR
KBR
Cash + ST InvestmentsLiquidity on hand
$862.5M
$539.0M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$6.4B
$1.5B
Total Assets
$35.6B
$6.6B
Debt / EquityLower = less leverage
1.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
KBR
KBR
Q1 26
$862.5M
Q4 25
$820.3M
$539.0M
Q3 25
$825.9M
$403.0M
Q2 25
$852.1M
$442.0M
Q1 25
$2.8B
Q4 24
$2.1B
Q3 24
$981.0M
Q2 24
$1.1B
Total Debt
AXS
AXS
KBR
KBR
Q1 26
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.7B
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AXS
AXS
KBR
KBR
Q1 26
$6.4B
Q4 25
$6.4B
$1.5B
Q3 25
$6.4B
$1.5B
Q2 25
$6.2B
$1.4B
Q1 25
$5.9B
Q4 24
$6.1B
Q3 24
$6.1B
Q2 24
$5.7B
Total Assets
AXS
AXS
KBR
KBR
Q1 26
$35.6B
Q4 25
$34.5B
$6.6B
Q3 25
$34.3B
$6.8B
Q2 25
$34.2B
$6.8B
Q1 25
$33.2B
Q4 24
$32.5B
Q3 24
$32.7B
Q2 24
$32.1B
Debt / Equity
AXS
AXS
KBR
KBR
Q1 26
Q4 25
1.78×
Q3 25
1.76×
Q2 25
1.94×
Q1 25
Q4 24
Q3 24
Q2 24

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
KBR
KBR
Operating Cash FlowLast quarter
$198.0M
Free Cash FlowOCF − Capex
$190.0M
FCF MarginFCF / Revenue
9.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXS
AXS
KBR
KBR
Q1 26
Q4 25
$630.4M
$198.0M
Q3 25
$673.8M
Q2 25
$-1.7B
$98.0M
Q1 25
$309.1M
Q4 24
$355.5M
Q3 24
$587.0M
Q2 24
$518.1M
Free Cash Flow
AXS
AXS
KBR
KBR
Q1 26
Q4 25
$190.0M
Q3 25
Q2 25
$89.0M
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
AXS
AXS
KBR
KBR
Q1 26
Q4 25
9.8%
Q3 25
Q2 25
4.3%
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
AXS
AXS
KBR
KBR
Q1 26
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
AXS
AXS
KBR
KBR
Q1 26
Q4 25
2.18×
1.72×
Q3 25
2.23×
Q2 25
-7.41×
0.84×
Q1 25
1.59×
Q4 24
1.21×
Q3 24
3.25×
Q2 24
2.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXS
AXS

Segment breakdown not available.

KBR
KBR

U.S.Government Defense And Intelligence Clients$832.0M43%
Sustainable Technology Solutions$525.0M27%
Science And Space$292.0M15%
Corporate Joint Venture$172.0M9%
Commercial And Infrastructure$64.0M3%
Other$46.0M2%

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