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

Occidental Petroleum is the larger business by last-quarter revenue ($1.7B vs $1.6B, roughly 1.0× AXIS CAPITAL HOLDINGS LTD). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs 6.9%, a 8.6% gap on every dollar of revenue. On growth, AXIS CAPITAL HOLDINGS LTD posted the faster year-over-year revenue change (8.0% vs -75.8%). Over the past eight quarters, AXIS CAPITAL HOLDINGS LTD's revenue compounded faster (6.4% CAGR vs -50.4%).

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.

Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. It is incorporated under the Delaware General Corporation Law and headquartered in Houston. The company ranked 183rd on the 2021 Fortune 500 based on its 2020 revenues and 670th on the 2021 Forbes Global 2000.

AXS vs OXY — Head-to-Head

Bigger by revenue
OXY
OXY
1.0× larger
OXY
$1.7B
$1.6B
AXS
Growing faster (revenue YoY)
AXS
AXS
+83.8% gap
AXS
8.0%
-75.8%
OXY
Higher net margin
AXS
AXS
8.6% more per $
AXS
15.5%
6.9%
OXY
Faster 2-yr revenue CAGR
AXS
AXS
Annualised
AXS
6.4%
-50.4%
OXY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXS
AXS
OXY
OXY
Revenue
$1.6B
$1.7B
Net Profit
$254.8M
$114.0M
Gross Margin
Operating Margin
15.6%
-6.5%
Net Margin
15.5%
6.9%
Revenue YoY
8.0%
-75.8%
Net Profit YoY
31.3%
195.0%
EPS (diluted)
$-0.07

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
OXY
OXY
Q1 26
$1.6B
Q4 25
$1.7B
$1.7B
Q3 25
$1.7B
$6.7B
Q2 25
$1.6B
$6.3B
Q1 25
$1.5B
$6.9B
Q4 24
$1.5B
$6.9B
Q3 24
$1.6B
$7.0B
Q2 24
$1.5B
$6.8B
Net Profit
AXS
AXS
OXY
OXY
Q1 26
$254.8M
Q4 25
$289.6M
$114.0M
Q3 25
$301.9M
$842.0M
Q2 25
$223.4M
$468.0M
Q1 25
$194.1M
$945.0M
Q4 24
$293.6M
$-120.0M
Q3 24
$180.7M
$1.1B
Q2 24
$212.0M
$1.2B
Gross Margin
AXS
AXS
OXY
OXY
Q1 26
Q4 25
Q3 25
87.8%
Q2 25
86.6%
Q1 25
88.4%
Q4 24
89.0%
Q3 24
88.5%
Q2 24
87.9%
Operating Margin
AXS
AXS
OXY
OXY
Q1 26
15.6%
Q4 25
19.0%
-6.5%
Q3 25
22.1%
17.4%
Q2 25
17.2%
11.7%
Q1 25
15.5%
19.3%
Q4 24
18.6%
-2.5%
Q3 24
14.2%
22.7%
Q2 24
17.4%
24.0%
Net Margin
AXS
AXS
OXY
OXY
Q1 26
15.5%
Q4 25
16.7%
6.9%
Q3 25
18.0%
12.6%
Q2 25
13.7%
7.4%
Q1 25
12.8%
13.7%
Q4 24
20.0%
-1.7%
Q3 24
11.2%
16.2%
Q2 24
14.6%
17.2%
EPS (diluted)
AXS
AXS
OXY
OXY
Q1 26
Q4 25
$3.63
$-0.07
Q3 25
$3.74
$0.65
Q2 25
$2.72
$0.26
Q1 25
$2.26
$0.77
Q4 24
$3.38
$-0.32
Q3 24
$2.04
$0.98
Q2 24
$2.40
$1.03

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
OXY
OXY
Cash + ST InvestmentsLiquidity on hand
$862.5M
$2.0B
Total DebtLower is stronger
$20.6B
Stockholders' EquityBook value
$6.4B
$36.0B
Total Assets
$35.6B
$84.2B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
OXY
OXY
Q1 26
$862.5M
Q4 25
$820.3M
$2.0B
Q3 25
$825.9M
$2.2B
Q2 25
$852.1M
$2.3B
Q1 25
$2.8B
$2.6B
Q4 24
$2.1B
$2.1B
Q3 24
$981.0M
$1.8B
Q2 24
$1.1B
$1.8B
Total Debt
AXS
AXS
OXY
OXY
Q1 26
Q4 25
$20.6B
Q3 25
$20.8B
Q2 25
$23.3B
Q1 25
$24.0B
Q4 24
$25.0B
Q3 24
$25.5B
Q2 24
$18.4B
Stockholders' Equity
AXS
AXS
OXY
OXY
Q1 26
$6.4B
Q4 25
$6.4B
$36.0B
Q3 25
$6.4B
$36.3B
Q2 25
$6.2B
$35.7B
Q1 25
$5.9B
$34.7B
Q4 24
$6.1B
$34.2B
Q3 24
$6.1B
$34.7B
Q2 24
$5.7B
$32.1B
Total Assets
AXS
AXS
OXY
OXY
Q1 26
$35.6B
Q4 25
$34.5B
$84.2B
Q3 25
$34.3B
$83.5B
Q2 25
$34.2B
$84.4B
Q1 25
$33.2B
$85.0B
Q4 24
$32.5B
$85.4B
Q3 24
$32.7B
$85.8B
Q2 24
$32.1B
$76.2B
Debt / Equity
AXS
AXS
OXY
OXY
Q1 26
Q4 25
0.57×
Q3 25
0.57×
Q2 25
0.65×
Q1 25
0.69×
Q4 24
0.73×
Q3 24
0.73×
Q2 24
0.57×

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
OXY
OXY
Operating Cash FlowLast quarter
$2.6B
Free Cash FlowOCF − Capex
$1.9B
FCF MarginFCF / Revenue
113.4%
Capex IntensityCapex / Revenue
45.4%
Cash ConversionOCF / Net Profit
23.11×
TTM Free Cash FlowTrailing 4 quarters
$4.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXS
AXS
OXY
OXY
Q1 26
Q4 25
$630.4M
$2.6B
Q3 25
$673.8M
$2.8B
Q2 25
$-1.7B
$3.0B
Q1 25
$309.1M
$2.1B
Q4 24
$355.5M
$3.4B
Q3 24
$587.0M
$3.7B
Q2 24
$518.1M
$2.4B
Free Cash Flow
AXS
AXS
OXY
OXY
Q1 26
Q4 25
$1.9B
Q3 25
$1.0B
Q2 25
$962.0M
Q1 25
$240.0M
Q4 24
$1.6B
Q3 24
$2.0B
Q2 24
$623.0M
FCF Margin
AXS
AXS
OXY
OXY
Q1 26
Q4 25
113.4%
Q3 25
15.3%
Q2 25
15.2%
Q1 25
3.5%
Q4 24
23.0%
Q3 24
28.5%
Q2 24
9.2%
Capex Intensity
AXS
AXS
OXY
OXY
Q1 26
Q4 25
45.4%
Q3 25
26.5%
Q2 25
31.6%
Q1 25
27.6%
Q4 24
26.0%
Q3 24
24.0%
Q2 24
26.0%
Cash Conversion
AXS
AXS
OXY
OXY
Q1 26
Q4 25
2.18×
23.11×
Q3 25
2.23×
3.31×
Q2 25
-7.41×
6.32×
Q1 25
1.59×
2.27×
Q4 24
1.21×
Q3 24
3.25×
3.23×
Q2 24
2.44×
2.05×

Financial Flow Comparison

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

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