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Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) and Pentair (PNR). 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 $1.0B, roughly 1.6× Pentair). Pentair runs the higher net margin — 16.6% vs 15.5%, a 1.1% gap on every dollar of revenue. On growth, AXIS CAPITAL HOLDINGS LTD posted the faster year-over-year revenue change (8.0% vs 2.6%). Over the past eight quarters, AXIS CAPITAL HOLDINGS LTD's revenue compounded faster (6.4% CAGR vs -2.9%).

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.

Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Golden Valley, Minnesota. Pentair was founded in the US, with 65% of company's revenue coming from the US and Canada as of 2017. PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland.

AXS vs PNR — Head-to-Head

Bigger by revenue
AXS
AXS
1.6× larger
AXS
$1.6B
$1.0B
PNR
Growing faster (revenue YoY)
AXS
AXS
+5.4% gap
AXS
8.0%
2.6%
PNR
Higher net margin
PNR
PNR
1.1% more per $
PNR
16.6%
15.5%
AXS
Faster 2-yr revenue CAGR
AXS
AXS
Annualised
AXS
6.4%
-2.9%
PNR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXS
AXS
PNR
PNR
Revenue
$1.6B
$1.0B
Net Profit
$254.8M
$172.4M
Gross Margin
41.8%
Operating Margin
15.6%
20.3%
Net Margin
15.5%
16.6%
Revenue YoY
8.0%
2.6%
Net Profit YoY
31.3%
11.3%
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
PNR
PNR
Q1 26
$1.6B
$1.0B
Q4 25
$1.7B
$1.0B
Q3 25
$1.7B
$1.0B
Q2 25
$1.6B
$1.1B
Q1 25
$1.5B
$1.0B
Q4 24
$1.5B
$972.9M
Q3 24
$1.6B
$993.4M
Q2 24
$1.5B
$1.1B
Net Profit
AXS
AXS
PNR
PNR
Q1 26
$254.8M
$172.4M
Q4 25
$289.6M
$166.1M
Q3 25
$301.9M
$184.3M
Q2 25
$223.4M
$148.5M
Q1 25
$194.1M
$154.9M
Q4 24
$293.6M
$166.4M
Q3 24
$180.7M
$139.6M
Q2 24
$212.0M
$186.1M
Gross Margin
AXS
AXS
PNR
PNR
Q1 26
41.8%
Q4 25
40.4%
Q3 25
41.0%
Q2 25
40.7%
Q1 25
39.9%
Q4 24
38.8%
Q3 24
39.6%
Q2 24
39.8%
Operating Margin
AXS
AXS
PNR
PNR
Q1 26
15.6%
20.3%
Q4 25
19.0%
20.1%
Q3 25
22.1%
22.7%
Q2 25
17.2%
19.4%
Q1 25
15.5%
20.1%
Q4 24
18.6%
20.1%
Q3 24
14.2%
18.1%
Q2 24
17.4%
22.6%
Net Margin
AXS
AXS
PNR
PNR
Q1 26
15.5%
16.6%
Q4 25
16.7%
16.3%
Q3 25
18.0%
18.0%
Q2 25
13.7%
13.2%
Q1 25
12.8%
15.3%
Q4 24
20.0%
17.1%
Q3 24
11.2%
14.1%
Q2 24
14.6%
16.9%
EPS (diluted)
AXS
AXS
PNR
PNR
Q1 26
Q4 25
$3.63
$1.01
Q3 25
$3.74
$1.12
Q2 25
$2.72
$0.90
Q1 25
$2.26
$0.93
Q4 24
$3.38
$0.99
Q3 24
$2.04
$0.84
Q2 24
$2.40
$1.11

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
PNR
PNR
Cash + ST InvestmentsLiquidity on hand
$862.5M
$67.7M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$6.4B
$3.8B
Total Assets
$35.6B
$7.1B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
PNR
PNR
Q1 26
$862.5M
$67.7M
Q4 25
$820.3M
Q3 25
$825.9M
$128.4M
Q2 25
$852.1M
$143.0M
Q1 25
$2.8B
$140.6M
Q4 24
$2.1B
$118.7M
Q3 24
$981.0M
$218.1M
Q2 24
$1.1B
$214.3M
Total Debt
AXS
AXS
PNR
PNR
Q1 26
$1.9B
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.4B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
Q2 24
$1.8B
Stockholders' Equity
AXS
AXS
PNR
PNR
Q1 26
$6.4B
$3.8B
Q4 25
$6.4B
$3.9B
Q3 25
$6.4B
$3.8B
Q2 25
$6.2B
$3.7B
Q1 25
$5.9B
$3.6B
Q4 24
$6.1B
$3.6B
Q3 24
$6.1B
$3.5B
Q2 24
$5.7B
$3.4B
Total Assets
AXS
AXS
PNR
PNR
Q1 26
$35.6B
$7.1B
Q4 25
$34.5B
$6.9B
Q3 25
$34.3B
$6.8B
Q2 25
$34.2B
$6.5B
Q1 25
$33.2B
$6.7B
Q4 24
$32.5B
$6.4B
Q3 24
$32.7B
$6.5B
Q2 24
$32.1B
$6.5B
Debt / Equity
AXS
AXS
PNR
PNR
Q1 26
0.51×
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.38×
Q1 25
0.51×
Q4 24
0.46×
Q3 24
Q2 24
0.51×

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
PNR
PNR
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-85.7M
FCF MarginFCF / Revenue
-8.3%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$716.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXS
AXS
PNR
PNR
Q1 26
Q4 25
$630.4M
$50.8M
Q3 25
$673.8M
$196.3M
Q2 25
$-1.7B
$606.6M
Q1 25
$309.1M
$-38.9M
Q4 24
$355.5M
$86.5M
Q3 24
$587.0M
$248.6M
Q2 24
$518.1M
$539.2M
Free Cash Flow
AXS
AXS
PNR
PNR
Q1 26
$-85.7M
Q4 25
$27.1M
Q3 25
$178.9M
Q2 25
$595.7M
Q1 25
$-55.7M
Q4 24
$63.8M
Q3 24
$233.2M
Q2 24
$522.2M
FCF Margin
AXS
AXS
PNR
PNR
Q1 26
-8.3%
Q4 25
2.7%
Q3 25
17.5%
Q2 25
53.0%
Q1 25
-5.5%
Q4 24
6.6%
Q3 24
23.5%
Q2 24
47.5%
Capex Intensity
AXS
AXS
PNR
PNR
Q1 26
1.8%
Q4 25
2.3%
Q3 25
1.7%
Q2 25
1.0%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
1.6%
Q2 24
1.5%
Cash Conversion
AXS
AXS
PNR
PNR
Q1 26
Q4 25
2.18×
0.31×
Q3 25
2.23×
1.07×
Q2 25
-7.41×
4.08×
Q1 25
1.59×
-0.25×
Q4 24
1.21×
0.52×
Q3 24
3.25×
1.78×
Q2 24
2.44×
2.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXS
AXS

Segment breakdown not available.

PNR
PNR

Water Solutions$391.0M38%
Pool$387.1M37%
Flow$258.1M25%

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