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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and MALIBU BOATS, INC. (MBUU). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $188.6M, roughly 1.0× MALIBU BOATS, INC.). MALIBU BOATS, INC. runs the higher net margin — -1.3% vs -14.6%, a 13.3% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -5.8%). MALIBU BOATS, INC. produced more free cash flow last quarter ($8.2M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -3.7%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

Malibu Boats is an American manufacturer of recreational boats, founded in Merced, California in 1982, and currently headquartered in Loudon, Tennessee with additional production facilities in New South Wales, Australia. Malibu is "the world's largest manufacturer of watersports towboats", used both recreationally and in water skiing and wakeboarding events.

AXSM vs MBUU — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.0× larger
AXSM
$196.0M
$188.6M
MBUU
Growing faster (revenue YoY)
AXSM
AXSM
+70.9% gap
AXSM
65.0%
-5.8%
MBUU
Higher net margin
MBUU
MBUU
13.3% more per $
MBUU
-1.3%
-14.6%
AXSM
More free cash flow
MBUU
MBUU
$27.0M more FCF
MBUU
$8.2M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-3.7%
MBUU

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
AXSM
AXSM
MBUU
MBUU
Revenue
$196.0M
$188.6M
Net Profit
$-28.6M
$-2.5M
Gross Margin
13.3%
Operating Margin
-13.8%
-1.9%
Net Margin
-14.6%
-1.3%
Revenue YoY
65.0%
-5.8%
Net Profit YoY
61.9%
-204.2%
EPS (diluted)
$-0.55
$-0.13

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
AXSM
AXSM
MBUU
MBUU
Q4 25
$196.0M
$188.6M
Q3 25
$171.0M
$194.7M
Q2 25
$150.0M
$207.0M
Q1 25
$121.5M
$228.7M
Q4 24
$118.8M
$200.3M
Q3 24
$104.8M
$171.6M
Q2 24
$87.2M
$158.7M
Q1 24
$75.0M
$203.4M
Net Profit
AXSM
AXSM
MBUU
MBUU
Q4 25
$-28.6M
$-2.5M
Q3 25
$-47.2M
$-702.0K
Q2 25
$-48.0M
$4.7M
Q1 25
$-59.4M
$12.9M
Q4 24
$-74.9M
$2.4M
Q3 24
$-64.6M
$-5.0M
Q2 24
$-79.3M
$-19.2M
Q1 24
$-68.4M
$-66.8M
Gross Margin
AXSM
AXSM
MBUU
MBUU
Q4 25
13.3%
Q3 25
14.3%
Q2 25
15.8%
Q1 25
20.0%
Q4 24
18.7%
Q3 24
16.4%
Q2 24
7.9%
Q1 24
19.8%
Operating Margin
AXSM
AXSM
MBUU
MBUU
Q4 25
-13.8%
-1.9%
Q3 25
-27.0%
-0.4%
Q2 25
-24.5%
3.3%
Q1 25
-46.9%
7.6%
Q4 24
-61.1%
1.6%
Q3 24
-59.8%
-3.3%
Q2 24
-89.5%
-15.4%
Q1 24
-89.7%
-36.8%
Net Margin
AXSM
AXSM
MBUU
MBUU
Q4 25
-14.6%
-1.3%
Q3 25
-27.6%
-0.4%
Q2 25
-32.0%
2.3%
Q1 25
-48.9%
5.6%
Q4 24
-63.1%
1.2%
Q3 24
-61.7%
-2.9%
Q2 24
-91.0%
-12.1%
Q1 24
-91.1%
-32.9%
EPS (diluted)
AXSM
AXSM
MBUU
MBUU
Q4 25
$-0.55
$-0.13
Q3 25
$-0.94
$-0.04
Q2 25
$-0.97
$0.23
Q1 25
$-1.22
$0.66
Q4 24
$-1.54
$0.12
Q3 24
$-1.34
$-0.25
Q2 24
$-1.67
$-0.93
Q1 24
$-1.44
$-3.28

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
MBUU
MBUU
Cash + ST InvestmentsLiquidity on hand
$322.9M
$28.2M
Total DebtLower is stronger
$20.0M
Stockholders' EquityBook value
$88.3M
$495.0M
Total Assets
$689.8M
$715.7M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
MBUU
MBUU
Q4 25
$322.9M
$28.2M
Q3 25
$325.3M
$44.1M
Q2 25
$303.0M
$37.0M
Q1 25
$300.9M
$38.7M
Q4 24
$315.4M
$35.1M
Q3 24
$327.3M
$27.7M
Q2 24
$315.7M
$26.9M
Q1 24
$331.4M
$47.1M
Total Debt
AXSM
AXSM
MBUU
MBUU
Q4 25
$20.0M
Q3 25
$23.0M
Q2 25
$18.0M
Q1 25
$28.0M
Q4 24
$23.0M
Q3 24
$28.0M
Q2 24
$0
Q1 24
$15.0M
Stockholders' Equity
AXSM
AXSM
MBUU
MBUU
Q4 25
$88.3M
$495.0M
Q3 25
$73.7M
$516.4M
Q2 25
$73.1M
$515.5M
Q1 25
$53.2M
$513.0M
Q4 24
$57.0M
$509.8M
Q3 24
$92.9M
$517.7M
Q2 24
$102.9M
$530.0M
Q1 24
$144.0M
$557.2M
Total Assets
AXSM
AXSM
MBUU
MBUU
Q4 25
$689.8M
$715.7M
Q3 25
$669.3M
$755.6M
Q2 25
$639.8M
$734.6M
Q1 25
$596.7M
$758.8M
Q4 24
$568.5M
$738.7M
Q3 24
$561.5M
$759.1M
Q2 24
$548.2M
$739.6M
Q1 24
$545.7M
$797.6M
Debt / Equity
AXSM
AXSM
MBUU
MBUU
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.03×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.00×
Q1 24
0.03×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXSM
AXSM
MBUU
MBUU
Operating Cash FlowLast quarter
$-18.7M
$12.6M
Free Cash FlowOCF − Capex
$-18.7M
$8.2M
FCF MarginFCF / Revenue
-9.6%
4.4%
Capex IntensityCapex / Revenue
0.0%
2.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$33.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
MBUU
MBUU
Q4 25
$-18.7M
$12.6M
Q3 25
$1.0M
$6.5M
Q2 25
$-32.4M
$21.0M
Q1 25
$-43.4M
$15.5M
Q4 24
$-26.2M
$28.4M
Q3 24
$-18.6M
$-8.4M
Q2 24
$-30.1M
$16.3M
Q1 24
$-53.5M
$23.5M
Free Cash Flow
AXSM
AXSM
MBUU
MBUU
Q4 25
$-18.7M
$8.2M
Q3 25
$988.0K
$2.2M
Q2 25
$-32.4M
$14.1M
Q1 25
$-43.7M
$8.8M
Q4 24
$-26.2M
$22.8M
Q3 24
$-18.7M
$-17.0M
Q2 24
$-30.2M
$4.5M
Q1 24
$-53.6M
$11.5M
FCF Margin
AXSM
AXSM
MBUU
MBUU
Q4 25
-9.6%
4.4%
Q3 25
0.6%
1.1%
Q2 25
-21.6%
6.8%
Q1 25
-36.0%
3.8%
Q4 24
-22.1%
11.4%
Q3 24
-17.9%
-9.9%
Q2 24
-34.6%
2.8%
Q1 24
-71.4%
5.7%
Capex Intensity
AXSM
AXSM
MBUU
MBUU
Q4 25
0.0%
2.3%
Q3 25
0.0%
2.2%
Q2 25
0.0%
3.4%
Q1 25
0.3%
2.9%
Q4 24
0.0%
2.8%
Q3 24
0.1%
5.0%
Q2 24
0.1%
7.5%
Q1 24
0.1%
5.9%
Cash Conversion
AXSM
AXSM
MBUU
MBUU
Q4 25
Q3 25
Q2 25
4.50×
Q1 25
1.20×
Q4 24
12.02×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

MBUU
MBUU

Boatand Trailer Sales$68.1M36%
Saltwater Fishing$65.3M35%
Cobalt$52.6M28%
Part And Other Sales$2.6M1%

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