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

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($191.2M vs $104.0M, roughly 1.8× NICOLET BANKSHARES INC). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs 12.5%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (48.1% CAGR vs 12.5%).

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.

Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.

AXSM vs NIC — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.8× larger
AXSM
$191.2M
$104.0M
NIC
Growing faster (revenue YoY)
AXSM
AXSM
+44.9% gap
AXSM
57.4%
12.5%
NIC
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
48.1%
12.5%
NIC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXSM
AXSM
NIC
NIC
Revenue
$191.2M
$104.0M
Net Profit
$40.3M
Gross Margin
Operating Margin
-33.1%
48.3%
Net Margin
38.8%
Revenue YoY
57.4%
12.5%
Net Profit YoY
16.9%
EPS (diluted)
$2.63

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
NIC
NIC
Q1 26
$191.2M
Q4 25
$196.0M
$104.0M
Q3 25
$171.0M
$102.9M
Q2 25
$150.0M
$95.7M
Q1 25
$121.5M
$89.4M
Q4 24
$118.8M
$92.4M
Q3 24
$104.8M
$90.7M
Q2 24
$87.2M
$85.0M
Net Profit
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
$-28.6M
$40.3M
Q3 25
$-47.2M
$41.7M
Q2 25
$-48.0M
$36.0M
Q1 25
$-59.4M
$32.6M
Q4 24
$-74.9M
$34.5M
Q3 24
$-64.6M
$32.5M
Q2 24
$-79.3M
$29.3M
Operating Margin
AXSM
AXSM
NIC
NIC
Q1 26
-33.1%
Q4 25
-13.8%
48.3%
Q3 25
-27.0%
50.4%
Q2 25
-24.5%
46.8%
Q1 25
-46.9%
44.9%
Q4 24
-61.1%
46.8%
Q3 24
-59.8%
45.0%
Q2 24
-89.5%
43.3%
Net Margin
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
-14.6%
38.8%
Q3 25
-27.6%
40.6%
Q2 25
-32.0%
37.6%
Q1 25
-48.9%
36.4%
Q4 24
-63.1%
37.3%
Q3 24
-61.7%
35.8%
Q2 24
-91.0%
34.5%
EPS (diluted)
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
$-0.55
$2.63
Q3 25
$-0.94
$2.73
Q2 25
$-0.97
$2.34
Q1 25
$-1.22
$2.08
Q4 24
$-1.54
$2.21
Q3 24
$-1.34
$2.10
Q2 24
$-1.67
$1.92

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
NIC
NIC
Cash + ST InvestmentsLiquidity on hand
$305.1M
Total DebtLower is stronger
$70.0M
$134.9M
Stockholders' EquityBook value
$1.3B
Total Assets
$713.6M
$9.2B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
NIC
NIC
Q1 26
$305.1M
Q4 25
$322.9M
Q3 25
$325.3M
Q2 25
$303.0M
Q1 25
$300.9M
Q4 24
$315.4M
Q3 24
$327.3M
Q2 24
$315.7M
Total Debt
AXSM
AXSM
NIC
NIC
Q1 26
$70.0M
Q4 25
$134.9M
Q3 25
$134.6M
Q2 25
$134.3M
Q1 25
$156.6M
Q4 24
$161.4M
Q3 24
$161.2M
Q2 24
$162.4M
Stockholders' Equity
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
$88.3M
$1.3B
Q3 25
$73.7M
$1.2B
Q2 25
$73.1M
$1.2B
Q1 25
$53.2M
$1.2B
Q4 24
$57.0M
$1.2B
Q3 24
$92.9M
$1.1B
Q2 24
$102.9M
$1.1B
Total Assets
AXSM
AXSM
NIC
NIC
Q1 26
$713.6M
Q4 25
$689.8M
$9.2B
Q3 25
$669.3M
$9.0B
Q2 25
$639.8M
$8.9B
Q1 25
$596.7M
$9.0B
Q4 24
$568.5M
$8.8B
Q3 24
$561.5M
$8.6B
Q2 24
$548.2M
$8.6B
Debt / Equity
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
0.11×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.14×
Q2 24
0.15×

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
NIC
NIC
Operating Cash FlowLast quarter
$153.5M
Free Cash FlowOCF − Capex
$149.4M
FCF MarginFCF / Revenue
143.7%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
3.81×
TTM Free Cash FlowTrailing 4 quarters
$275.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
$-18.7M
$153.5M
Q3 25
$1.0M
$45.9M
Q2 25
$-32.4M
$38.9M
Q1 25
$-43.4M
$41.8M
Q4 24
$-26.2M
$133.7M
Q3 24
$-18.6M
$39.6M
Q2 24
$-30.1M
$37.3M
Free Cash Flow
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
$-18.7M
$149.4M
Q3 25
$988.0K
$45.9M
Q2 25
$-32.4M
$38.4M
Q1 25
$-43.7M
$41.3M
Q4 24
$-26.2M
$116.8M
Q3 24
$-18.7M
$34.7M
Q2 24
$-30.2M
$34.4M
FCF Margin
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
-9.6%
143.7%
Q3 25
0.6%
44.6%
Q2 25
-21.6%
40.1%
Q1 25
-36.0%
46.2%
Q4 24
-22.1%
126.4%
Q3 24
-17.9%
38.3%
Q2 24
-34.6%
40.5%
Capex Intensity
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
0.0%
3.9%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.6%
Q1 25
0.3%
0.5%
Q4 24
0.0%
18.3%
Q3 24
0.1%
5.4%
Q2 24
0.1%
3.5%
Cash Conversion
AXSM
AXSM
NIC
NIC
Q1 26
Q4 25
3.81×
Q3 25
1.10×
Q2 25
1.08×
Q1 25
1.28×
Q4 24
3.88×
Q3 24
1.22×
Q2 24
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Product sales, net$189.4M99%
Royalty revenue and milestone revenue$1.8M1%

NIC
NIC

Segment breakdown not available.

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