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Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) and Nextpower Inc. (NXT). 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 $909.4M, roughly 1.8× Nextpower Inc.). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs 14.4%, a 1.1% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 8.0%). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 6.4%).

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.

Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.

AXS vs NXT — Head-to-Head

Bigger by revenue
AXS
AXS
1.8× larger
AXS
$1.6B
$909.4M
NXT
Growing faster (revenue YoY)
NXT
NXT
+25.9% gap
NXT
33.9%
8.0%
AXS
Higher net margin
AXS
AXS
1.1% more per $
AXS
15.5%
14.4%
NXT
Faster 2-yr revenue CAGR
NXT
NXT
Annualised
NXT
11.1%
6.4%
AXS

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
AXS
AXS
NXT
NXT
Revenue
$1.6B
$909.4M
Net Profit
$254.8M
$131.2M
Gross Margin
31.7%
Operating Margin
15.6%
19.4%
Net Margin
15.5%
14.4%
Revenue YoY
8.0%
33.9%
Net Profit YoY
31.3%
13.8%
EPS (diluted)
$0.85

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
NXT
NXT
Q1 26
$1.6B
Q4 25
$1.7B
$909.4M
Q3 25
$1.7B
$905.3M
Q2 25
$1.6B
$864.3M
Q1 25
$1.5B
$924.3M
Q4 24
$1.5B
$679.4M
Q3 24
$1.6B
$635.6M
Q2 24
$1.5B
$719.9M
Net Profit
AXS
AXS
NXT
NXT
Q1 26
$254.8M
Q4 25
$289.6M
$131.2M
Q3 25
$301.9M
$146.9M
Q2 25
$223.4M
$157.2M
Q1 25
$194.1M
$156.8M
Q4 24
$293.6M
$115.3M
Q3 24
$180.7M
$115.4M
Q2 24
$212.0M
$121.7M
Gross Margin
AXS
AXS
NXT
NXT
Q1 26
Q4 25
31.7%
Q3 25
32.4%
Q2 25
32.6%
Q1 25
33.1%
Q4 24
35.5%
Q3 24
35.4%
Q2 24
33.0%
Operating Margin
AXS
AXS
NXT
NXT
Q1 26
15.6%
Q4 25
19.0%
19.4%
Q3 25
22.1%
20.0%
Q2 25
17.2%
21.5%
Q1 25
15.5%
21.1%
Q4 24
18.6%
22.1%
Q3 24
14.2%
21.0%
Q2 24
17.4%
22.2%
Net Margin
AXS
AXS
NXT
NXT
Q1 26
15.5%
Q4 25
16.7%
14.4%
Q3 25
18.0%
16.2%
Q2 25
13.7%
18.2%
Q1 25
12.8%
17.0%
Q4 24
20.0%
17.0%
Q3 24
11.2%
18.2%
Q2 24
14.6%
16.9%
EPS (diluted)
AXS
AXS
NXT
NXT
Q1 26
Q4 25
$3.63
$0.85
Q3 25
$3.74
$0.97
Q2 25
$2.72
$1.04
Q1 25
$2.26
$1.05
Q4 24
$3.38
$0.79
Q3 24
$2.04
$0.79
Q2 24
$2.40
$0.84

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
NXT
NXT
Cash + ST InvestmentsLiquidity on hand
$862.5M
$952.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.4B
$2.2B
Total Assets
$35.6B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
NXT
NXT
Q1 26
$862.5M
Q4 25
$820.3M
$952.6M
Q3 25
$825.9M
$845.3M
Q2 25
$852.1M
$743.4M
Q1 25
$2.8B
$766.1M
Q4 24
$2.1B
$693.5M
Q3 24
$981.0M
$561.9M
Q2 24
$1.1B
$471.9M
Stockholders' Equity
AXS
AXS
NXT
NXT
Q1 26
$6.4B
Q4 25
$6.4B
$2.2B
Q3 25
$6.4B
$2.0B
Q2 25
$6.2B
$1.8B
Q1 25
$5.9B
$1.6B
Q4 24
$6.1B
$1.4B
Q3 24
$6.1B
$1.3B
Q2 24
$5.7B
$1.1B
Total Assets
AXS
AXS
NXT
NXT
Q1 26
$35.6B
Q4 25
$34.5B
$3.8B
Q3 25
$34.3B
$3.7B
Q2 25
$34.2B
$3.4B
Q1 25
$33.2B
$3.2B
Q4 24
$32.5B
$3.0B
Q3 24
$32.7B
$2.8B
Q2 24
$32.1B
$2.6B

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
NXT
NXT
Operating Cash FlowLast quarter
$123.3M
Free Cash FlowOCF − Capex
$118.5M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$587.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXS
AXS
NXT
NXT
Q1 26
Q4 25
$630.4M
$123.3M
Q3 25
$673.8M
$186.9M
Q2 25
$-1.7B
$81.3M
Q1 25
$309.1M
$237.3M
Q4 24
$355.5M
$143.8M
Q3 24
$587.0M
$153.8M
Q2 24
$518.1M
$120.8M
Free Cash Flow
AXS
AXS
NXT
NXT
Q1 26
Q4 25
$118.5M
Q3 25
$171.4M
Q2 25
$70.1M
Q1 25
$227.2M
Q4 24
$134.9M
Q3 24
$141.8M
Q2 24
$118.0M
FCF Margin
AXS
AXS
NXT
NXT
Q1 26
Q4 25
13.0%
Q3 25
18.9%
Q2 25
8.1%
Q1 25
24.6%
Q4 24
19.9%
Q3 24
22.3%
Q2 24
16.4%
Capex Intensity
AXS
AXS
NXT
NXT
Q1 26
Q4 25
0.5%
Q3 25
1.7%
Q2 25
1.3%
Q1 25
1.1%
Q4 24
1.3%
Q3 24
1.9%
Q2 24
0.4%
Cash Conversion
AXS
AXS
NXT
NXT
Q1 26
Q4 25
2.18×
0.94×
Q3 25
2.23×
1.27×
Q2 25
-7.41×
0.52×
Q1 25
1.59×
1.51×
Q4 24
1.21×
1.25×
Q3 24
3.25×
1.33×
Q2 24
2.44×
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXS
AXS

Segment breakdown not available.

NXT
NXT

Transferred Over Time$763.9M84%
Transferred At Point In Time$145.4M16%

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