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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and WABASH NATIONAL Corp (WNC). Click either name above to swap in a different company.

WABASH NATIONAL Corp is the larger business by last-quarter revenue ($303.2M vs $191.2M, roughly 1.6× Axsome Therapeutics, Inc.). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs -20.4%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (48.1% CAGR vs -25.8%).

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.

Wabash is an American diversified industrial manufacturing company and one of North America's largest producers of semi-trailers and truck bodies. The company specializes in the design and production of dry freight vans, refrigerated vans, platform trailers, liquid tank trailers, truck bodies and composite products. Its products are sold primarily under the Wabash brand name since 2022. Prior to 2022, products were sold under: Wabash National, Transcraft, Benson, Walker Transport, Brenner Tan...

AXSM vs WNC — Head-to-Head

Bigger by revenue
WNC
WNC
1.6× larger
WNC
$303.2M
$191.2M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+77.8% gap
AXSM
57.4%
-20.4%
WNC
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
48.1%
-25.8%
WNC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXSM
AXSM
WNC
WNC
Revenue
$191.2M
$303.2M
Net Profit
Gross Margin
2.8%
Operating Margin
-33.1%
1.3%
Net Margin
Revenue YoY
57.4%
-20.4%
Net Profit YoY
EPS (diluted)
$-1.11

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
WNC
WNC
Q1 26
$191.2M
$303.2M
Q4 25
$196.0M
$321.5M
Q3 25
$171.0M
$381.6M
Q2 25
$150.0M
$458.8M
Q1 25
$121.5M
$380.9M
Q4 24
$118.8M
$416.8M
Q3 24
$104.8M
$464.0M
Q2 24
$87.2M
$550.6M
Net Profit
AXSM
AXSM
WNC
WNC
Q1 26
Q4 25
$-28.6M
$-49.9M
Q3 25
$-47.2M
$40.0M
Q2 25
$-48.0M
$-9.6M
Q1 25
$-59.4M
$230.9M
Q4 24
$-74.9M
$-1.0M
Q3 24
$-64.6M
$-330.2M
Q2 24
$-79.3M
$29.0M
Gross Margin
AXSM
AXSM
WNC
WNC
Q1 26
2.8%
Q4 25
-1.9%
Q3 25
4.1%
Q2 25
9.0%
Q1 25
5.0%
Q4 24
10.3%
Q3 24
12.1%
Q2 24
16.3%
Operating Margin
AXSM
AXSM
WNC
WNC
Q1 26
-33.1%
1.3%
Q4 25
-13.8%
-18.6%
Q3 25
-27.0%
15.1%
Q2 25
-24.5%
-1.0%
Q1 25
-46.9%
82.6%
Q4 24
-61.1%
0.9%
Q3 24
-59.8%
-93.3%
Q2 24
-89.5%
7.9%
Net Margin
AXSM
AXSM
WNC
WNC
Q1 26
Q4 25
-14.6%
-15.5%
Q3 25
-27.6%
10.5%
Q2 25
-32.0%
-2.1%
Q1 25
-48.9%
60.6%
Q4 24
-63.1%
-0.2%
Q3 24
-61.7%
-71.2%
Q2 24
-91.0%
5.3%
EPS (diluted)
AXSM
AXSM
WNC
WNC
Q1 26
$-1.11
Q4 25
$-0.55
$-1.03
Q3 25
$-0.94
$0.97
Q2 25
$-0.97
$-0.23
Q1 25
$-1.22
$5.36
Q4 24
$-1.54
$0.10
Q3 24
$-1.34
$-7.53
Q2 24
$-1.67
$0.64

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
WNC
WNC
Cash + ST InvestmentsLiquidity on hand
$305.1M
$43.4M
Total DebtLower is stronger
$70.0M
$498.0M
Stockholders' EquityBook value
Total Assets
$713.6M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
WNC
WNC
Q1 26
$305.1M
$43.4M
Q4 25
$322.9M
$31.9M
Q3 25
$325.3M
$91.7M
Q2 25
$303.0M
$57.4M
Q1 25
$300.9M
$81.0M
Q4 24
$315.4M
$115.5M
Q3 24
$327.3M
$81.8M
Q2 24
$315.7M
$77.3M
Total Debt
AXSM
AXSM
WNC
WNC
Q1 26
$70.0M
$498.0M
Q4 25
Q3 25
$425.0M
Q2 25
$440.0M
Q1 25
$420.0M
Q4 24
$400.0M
Q3 24
$400.0M
Q2 24
$400.0M
Stockholders' Equity
AXSM
AXSM
WNC
WNC
Q1 26
Q4 25
$88.3M
$367.4M
Q3 25
$73.7M
$418.7M
Q2 25
$73.1M
$385.2M
Q1 25
$53.2M
$403.8M
Q4 24
$57.0M
$188.8M
Q3 24
$92.9M
$200.5M
Q2 24
$102.9M
$550.4M
Total Assets
AXSM
AXSM
WNC
WNC
Q1 26
$713.6M
$1.2B
Q4 25
$689.8M
$1.2B
Q3 25
$669.3M
$1.3B
Q2 25
$639.8M
$1.4B
Q1 25
$596.7M
$1.4B
Q4 24
$568.5M
$1.4B
Q3 24
$561.5M
$1.5B
Q2 24
$548.2M
$1.3B
Debt / Equity
AXSM
AXSM
WNC
WNC
Q1 26
Q4 25
Q3 25
1.01×
Q2 25
1.14×
Q1 25
1.04×
Q4 24
2.12×
Q3 24
1.99×
Q2 24
0.73×

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
WNC
WNC
Operating Cash FlowLast quarter
$-33.7M
Free Cash FlowOCF − Capex
$-37.3M
FCF MarginFCF / Revenue
-12.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-41.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
WNC
WNC
Q1 26
$-33.7M
Q4 25
$-18.7M
$-57.4M
Q3 25
$1.0M
$85.2M
Q2 25
$-32.4M
$-15.8M
Q1 25
$-43.4M
$-272.0K
Q4 24
$-26.2M
$80.9M
Q3 24
$-18.6M
$42.8M
Q2 24
$-30.1M
$11.0M
Free Cash Flow
AXSM
AXSM
WNC
WNC
Q1 26
$-37.3M
Q4 25
$-18.7M
$-61.9M
Q3 25
$988.0K
$79.9M
Q2 25
$-32.4M
$-22.1M
Q1 25
$-43.7M
$-9.0M
Q4 24
$-26.2M
$59.5M
Q3 24
$-18.7M
$28.2M
Q2 24
$-30.2M
$-6.1M
FCF Margin
AXSM
AXSM
WNC
WNC
Q1 26
-12.3%
Q4 25
-9.6%
-19.3%
Q3 25
0.6%
20.9%
Q2 25
-21.6%
-4.8%
Q1 25
-36.0%
-2.4%
Q4 24
-22.1%
14.3%
Q3 24
-17.9%
6.1%
Q2 24
-34.6%
-1.1%
Capex Intensity
AXSM
AXSM
WNC
WNC
Q1 26
1.1%
Q4 25
0.0%
1.4%
Q3 25
0.0%
1.4%
Q2 25
0.0%
1.4%
Q1 25
0.3%
2.3%
Q4 24
0.0%
5.1%
Q3 24
0.1%
3.1%
Q2 24
0.1%
3.1%
Cash Conversion
AXSM
AXSM
WNC
WNC
Q1 26
Q4 25
Q3 25
2.13×
Q2 25
Q1 25
-0.00×
Q4 24
Q3 24
Q2 24
0.38×

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%

WNC
WNC

Segment breakdown not available.

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