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Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) and WATSCO INC (WSO). 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 $1.5B, roughly 1.1× WATSCO INC). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs 6.1%, a 9.4% gap on every dollar of revenue. On growth, AXIS CAPITAL HOLDINGS LTD posted the faster year-over-year revenue change (8.0% vs 0.1%). Over the past eight quarters, AXIS CAPITAL HOLDINGS LTD's revenue compounded faster (6.4% CAGR vs -15.3%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
AXS vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.5B |
| Net Profit | $254.8M | $92.9M |
| Gross Margin | — | 27.9% |
| Operating Margin | 15.6% | 7.2% |
| Net Margin | 15.5% | 6.1% |
| Revenue YoY | 8.0% | 0.1% |
| Net Profit YoY | 31.3% | -1.7% |
| 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.
| Q1 26 | $1.6B | $1.5B | ||
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B |
| Q1 26 | $254.8M | $92.9M | ||
| Q4 25 | $289.6M | $71.7M | ||
| Q3 25 | $301.9M | $161.6M | ||
| Q2 25 | $223.4M | $183.6M | ||
| Q1 25 | $194.1M | $80.1M | ||
| Q4 24 | $293.6M | $96.8M | ||
| Q3 24 | $180.7M | $171.0M | ||
| Q2 24 | $212.0M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% |
| Q1 26 | 15.6% | 7.2% | ||
| Q4 25 | 19.0% | 6.4% | ||
| Q3 25 | 22.1% | 11.4% | ||
| Q2 25 | 17.2% | 13.2% | ||
| Q1 25 | 15.5% | 7.3% | ||
| Q4 24 | 18.6% | 7.8% | ||
| Q3 24 | 14.2% | 11.6% | ||
| Q2 24 | 17.4% | 12.6% |
| Q1 26 | 15.5% | 6.1% | ||
| Q4 25 | 16.7% | 4.5% | ||
| Q3 25 | 18.0% | 7.8% | ||
| Q2 25 | 13.7% | 8.9% | ||
| Q1 25 | 12.8% | 5.2% | ||
| Q4 24 | 20.0% | 5.5% | ||
| Q3 24 | 11.2% | 7.9% | ||
| Q2 24 | 14.6% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $3.63 | $1.82 | ||
| Q3 25 | $3.74 | $3.98 | ||
| Q2 25 | $2.72 | $4.52 | ||
| Q1 25 | $2.26 | $1.93 | ||
| Q4 24 | $3.38 | $2.42 | ||
| Q3 24 | $2.04 | $4.22 | ||
| Q2 24 | $2.40 | $4.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $862.5M | $392.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $3.2B |
| Total Assets | $35.6B | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $862.5M | $392.7M | ||
| Q4 25 | $820.3M | $733.3M | ||
| Q3 25 | $825.9M | $524.3M | ||
| Q2 25 | $852.1M | $293.0M | ||
| Q1 25 | $2.8B | $431.8M | ||
| Q4 24 | $2.1B | $781.9M | ||
| Q3 24 | $981.0M | $550.0M | ||
| Q2 24 | $1.1B | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
| Q1 26 | $6.4B | $3.2B | ||
| Q4 25 | $6.4B | $2.8B | ||
| Q3 25 | $6.4B | $2.8B | ||
| Q2 25 | $6.2B | $2.8B | ||
| Q1 25 | $5.9B | $2.7B | ||
| Q4 24 | $6.1B | $2.7B | ||
| Q3 24 | $6.1B | $2.7B | ||
| Q2 24 | $5.7B | $2.6B |
| Q1 26 | $35.6B | $4.6B | ||
| Q4 25 | $34.5B | $4.4B | ||
| Q3 25 | $34.3B | $4.6B | ||
| Q2 25 | $34.2B | $4.7B | ||
| Q1 25 | $33.2B | $4.5B | ||
| Q4 24 | $32.5B | $4.5B | ||
| Q3 24 | $32.7B | $4.5B | ||
| Q2 24 | $32.1B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
