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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and OneWater Marine Inc. (ONEW). Click either name above to swap in a different company.

OneWater Marine Inc. is the larger business by last-quarter revenue ($442.3M vs $196.0M, roughly 2.3× Axsome Therapeutics, Inc.). OneWater Marine Inc. runs the higher net margin — -2.9% vs -14.6%, a 11.7% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -8.5%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 8.2%).

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.

OneWater Marine Inc. is a leading recreational marine retailer headquartered in the U.S. It sells new and pre-owned boats, yachts and marine parts, offers maintenance, repair and financing services, and serves individual and commercial leisure boating customers across North America through its extensive network of local dealerships.

AXSM vs ONEW — Head-to-Head

Bigger by revenue
ONEW
ONEW
2.3× larger
ONEW
$442.3M
$196.0M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+73.6% gap
AXSM
65.0%
-8.5%
ONEW
Higher net margin
ONEW
ONEW
11.7% more per $
ONEW
-2.9%
-14.6%
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
8.2%
ONEW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AXSM
AXSM
ONEW
ONEW
Revenue
$196.0M
$442.3M
Net Profit
$-28.6M
$-12.9M
Gross Margin
23.9%
Operating Margin
-13.8%
1.7%
Net Margin
-14.6%
-2.9%
Revenue YoY
65.0%
-8.5%
Net Profit YoY
61.9%
EPS (diluted)
$-0.55
$-0.78

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
ONEW
ONEW
Q2 26
$442.3M
Q1 26
$380.6M
Q4 25
$196.0M
$380.6M
Q3 25
$171.0M
$460.1M
Q2 25
$150.0M
$552.9M
Q1 25
$121.5M
$483.5M
Q4 24
$118.8M
$375.8M
Q3 24
$104.8M
$377.9M
Net Profit
AXSM
AXSM
ONEW
ONEW
Q2 26
$-12.9M
Q1 26
$-7.7M
Q4 25
$-28.6M
$-7.7M
Q3 25
$-47.2M
$-113.0M
Q2 25
$-48.0M
$10.7M
Q1 25
$-59.4M
$-368.0K
Q4 24
$-74.9M
$-12.0M
Q3 24
$-64.6M
$-9.2M
Gross Margin
AXSM
AXSM
ONEW
ONEW
Q2 26
23.9%
Q1 26
23.5%
Q4 25
23.5%
Q3 25
22.6%
Q2 25
23.3%
Q1 25
22.8%
Q4 24
22.4%
Q3 24
24.0%
Operating Margin
AXSM
AXSM
ONEW
ONEW
Q2 26
1.7%
Q1 26
Q4 25
-13.8%
-1.4%
Q3 25
-27.0%
-28.3%
Q2 25
-24.5%
5.5%
Q1 25
-46.9%
3.4%
Q4 24
-61.1%
-0.5%
Q3 24
-59.8%
1.2%
Net Margin
AXSM
AXSM
ONEW
ONEW
Q2 26
-2.9%
Q1 26
-2.0%
Q4 25
-14.6%
-2.0%
Q3 25
-27.6%
-24.5%
Q2 25
-32.0%
1.9%
Q1 25
-48.9%
-0.1%
Q4 24
-63.1%
-3.2%
Q3 24
-61.7%
-2.4%
EPS (diluted)
AXSM
AXSM
ONEW
ONEW
Q2 26
$-0.78
Q1 26
$-0.47
Q4 25
$-0.55
Q3 25
$-0.94
Q2 25
$-0.97
Q1 25
$-1.22
Q4 24
$-1.54
Q3 24
$-1.34

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
ONEW
ONEW
Cash + ST InvestmentsLiquidity on hand
$322.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$269.4M
Total Assets
$689.8M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
ONEW
ONEW
Q2 26
Q1 26
Q4 25
$322.9M
Q3 25
$325.3M
Q2 25
$303.0M
Q1 25
$300.9M
Q4 24
$315.4M
Q3 24
$327.3M
Stockholders' Equity
AXSM
AXSM
ONEW
ONEW
Q2 26
$269.4M
Q1 26
$277.5M
Q4 25
$88.3M
$277.5M
Q3 25
$73.7M
$285.0M
Q2 25
$73.1M
$393.2M
Q1 25
$53.2M
$381.6M
Q4 24
$57.0M
$354.8M
Q3 24
$92.9M
$360.8M
Total Assets
AXSM
AXSM
ONEW
ONEW
Q2 26
$1.4B
Q1 26
$1.4B
Q4 25
$689.8M
$1.4B
Q3 25
$669.3M
$1.4B
Q2 25
$639.8M
$1.5B
Q1 25
$596.7M
$1.6B
Q4 24
$568.5M
$1.6B
Q3 24
$561.5M
$1.6B

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
ONEW
ONEW
Operating Cash FlowLast quarter
$-18.7M
Free Cash FlowOCF − Capex
$-18.7M
FCF MarginFCF / Revenue
-9.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
ONEW
ONEW
Q2 26
Q1 26
Q4 25
$-18.7M
$-76.3M
Q3 25
$1.0M
$9.9M
Q2 25
$-32.4M
$90.8M
Q1 25
$-43.4M
$28.5M
Q4 24
$-26.2M
$-37.4M
Q3 24
$-18.6M
$27.3M
Free Cash Flow
AXSM
AXSM
ONEW
ONEW
Q2 26
Q1 26
Q4 25
$-18.7M
$-78.2M
Q3 25
$988.0K
$7.2M
Q2 25
$-32.4M
$88.9M
Q1 25
$-43.7M
$23.7M
Q4 24
$-26.2M
$-40.0M
Q3 24
$-18.7M
$23.2M
FCF Margin
AXSM
AXSM
ONEW
ONEW
Q2 26
Q1 26
Q4 25
-9.6%
-20.6%
Q3 25
0.6%
1.6%
Q2 25
-21.6%
16.1%
Q1 25
-36.0%
4.9%
Q4 24
-22.1%
-10.7%
Q3 24
-17.9%
6.1%
Capex Intensity
AXSM
AXSM
ONEW
ONEW
Q2 26
Q1 26
Q4 25
0.0%
0.5%
Q3 25
0.0%
0.6%
Q2 25
0.0%
0.4%
Q1 25
0.3%
1.0%
Q4 24
0.0%
0.7%
Q3 24
0.1%
1.1%
Cash Conversion
AXSM
AXSM
ONEW
ONEW
Q2 26
Q1 26
Q4 25
Q3 25
Q2 25
8.47×
Q1 25
Q4 24
Q3 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

ONEW
ONEW

New boat$272.0M62%
Pre-owned boat$94.4M21%
Service, parts & other$61.9M14%
Finance & insurance income$14.0M3%

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