Axos Financial vs FS KKR Capital

This page compares Axos Financial Inc. and FS KKR Capital Corp, outlining how their business models, financial performance, and market context differ. It presents neutral, accessible information to help readers understand the two issuers in a stock-focused context. Educational content, not financial advice.

This page compares Axos Financial Inc. and FS KKR Capital Corp, outlining how their business models, financial performance, and market context differ. It presents neutral, accessible information to he...

About The Companies

Axos Financial (AX)

Axos Financial Inc (AX) is a US-based digital bank offering online consumer and commercial banking, direct lending, mortgages and corporate finance solutions. The company leans on a low-branch, technology-led model to reduce overheads and scale lending and deposit products across retail and business customers. Key revenue drivers include net interest income from lending and deposits, fee income from deposit and payment services, and mortgage origination gains. With a market capitalisation of about $4.48 billion, Axos sits in the regional/digital banking niche where growth depends on loan growth, interest rate margins and credit quality. Investors should note banking earnings can be cyclical: profitability is sensitive to interest-rate movements, loan-loss provisions and regulatory changes. This summary is for educational purposes only and is not personalised financial advice. Values can fall as well as rise; suitability depends on your circumstances and you should consider seeking independent advice before investing.

FS KKR Capital (FSK)

FS KKR Capital Corp (FSK) is a US-listed business development company (BDC) that primarily invests in middle‑market credit and private credit strategies, including senior secured loans, mezzanine debt and structured credit. Sponsored by FS Investments in partnership with KKR’s credit platform, FSK aims to generate income through interest payments and credit spreads while seeking capital preservation through secured lending and active portfolio management. The company uses leverage, which can boost returns in favourable markets but increases losses during downturns. FSK is typically of interest to income‑seeking investors comfortable with higher risk, credit exposure and NAV (net asset value) volatility. Key considerations include the credit cycle, interest-rate moves, manager experience and dividend sustainability. Market cap is approximately $4.23 billion. This summary is educational and not personal advice; values can fall as well as rise and past performance is not a guide to the future.

Comparison Snapshot

Key Financial Metrics

AX

Metric

FSK

$4.85B

Market Cap

$4.31B

18.71%

Potential Profit

13.71%

Buy

Analyst Rating

Hold

Which Baskets Do They Appear In?

Unlocking Value: The Finance Arm Spinoff

Harley-Davidson is negotiating the sale of a stake in its financing arm, a strategic move to raise significant capital. This theme focuses on other manufacturers with large, valuable financing units that could be prime candidates for similar spin-offs or sales to unlock value.

Published: July 29, 2025

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Embedded-Finance Infrastructure

These innovative companies provide the essential API infrastructure that enables any business to seamlessly integrate financial services into their products. Carefully selected by our analysts, these stocks represent the invisible technology powering the next generation of banking, lending, and insurance experiences.

Published: June 17, 2025

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Which Baskets Do They Appear In?

Unlocking Value: The Finance Arm Spinoff

Harley-Davidson is negotiating the sale of a stake in its financing arm, a strategic move to raise significant capital. This theme focuses on other manufacturers with large, valuable financing units that could be prime candidates for similar spin-offs or sales to unlock value.

Published: July 29, 2025

Explore Basket

Embedded-Finance Infrastructure

These innovative companies provide the essential API infrastructure that enables any business to seamlessly integrate financial services into their products. Carefully selected by our analysts, these stocks represent the invisible technology powering the next generation of banking, lending, and insurance experiences.

Published: June 17, 2025

Explore Basket

Investment Analysis

Axos Financial

AX

Pros

Axos Financial maintains a diversified business model with banking, wealth management, and fintech operations, supporting multiple revenue streams.
The company has demonstrated strong asset growth and improved net interest margins in recent quarters, benefiting from higher interest rates.
Axos Financial operates with a low-cost deposit base and a digital-first approach, which enhances operational efficiency and scalability.

Considerations

Axos Financial's earnings are sensitive to changes in interest rates, which could pressure net interest income if rates decline.
The company faces increasing competition from both traditional banks and fintech firms, potentially impacting loan growth and margins.
Axos Financial has a relatively concentrated loan portfolio, with exposure to commercial real estate and technology sectors, increasing credit risk.

FS KKR Capital

FSK

Pros

FS KKR Capital Corp is one of the largest publicly traded BDCs, benefiting from scale and access to KKR's extensive credit platform.
The company's portfolio is diversified across 224 companies and 23 industries, reducing concentration risk and supporting stable income generation.
FS KKR focuses on senior secured loans, which are prioritised for repayment and offer relatively strong downside protection in downturns.

Considerations

FS KKR Capital Corp's earnings are highly dependent on interest rates and the performance of the private credit market, making it cyclical.
The company operates with significant leverage, which amplifies both returns and risks, especially during periods of market stress.
As an externally managed BDC, FS KKR faces ongoing management fee expenses that can reduce net returns to shareholders.

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Comparison Snapshot

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Investment Analysis

Axos Financial

Pros

Considerations

FS KKR Capital

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

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Comparison Snapshot

Axos Financial vs FS KKR Capital

About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

Unlocking Value: The Finance Arm Spinoff

Embedded-Finance Infrastructure

Which Baskets Do They Appear In?

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Embedded-Finance Infrastructure

Investment Analysis

Axos Financial

Pros

Considerations

FS KKR Capital

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

What is the main difference between Axos Financial and FS KKR Capital in terms of their business models?

How does diversification help or hinder a stock comparison like Axos Financial versus FS KKR Capital?

What does asset growth and net interest margin tell an investor about Axos Financial’s recent performance?

Why is FS KKR Capital’s focus on senior secured loans considered a risk-versus-reward feature for investors?

How does leverage impact FS KKR Capital’s risk profile compared with Axos Financial’s balance sheet?

How do interest-rate movements influence each company’s earnings potential?

What role does market sentiment around the private credit sector play in FS KKR Capital’s stock dynamics?

How should a beginner compare Axos Financial and FS KKR Capital on a simple metrics basis?

What is the educational disclaimer for this stock comparison page?

About The Companies

Comparison Snapshot