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Side-by-side financial comparison of Ameren (AEE) and AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL). Click either name above to swap in a different company.

Ameren is the larger business by last-quarter revenue ($1.8B vs $1.4B, roughly 1.3× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). Ameren runs the higher net margin — 14.2% vs -5.4%, a 19.6% gap on every dollar of revenue. On growth, AMERICAN AXLE & MANUFACTURING HOLDINGS INC posted the faster year-over-year revenue change (0.2% vs -8.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $-54.0M). Over the past eight quarters, Ameren's revenue compounded faster (-0.9% CAGR vs -7.2%).

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...

American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.

AEE vs AXL — Head-to-Head

Bigger by revenue
AEE
AEE
1.3× larger
AEE
$1.8B
$1.4B
AXL
Growing faster (revenue YoY)
AXL
AXL
+8.4% gap
AXL
0.2%
-8.2%
AEE
Higher net margin
AEE
AEE
19.6% more per $
AEE
14.2%
-5.4%
AXL
More free cash flow
AXL
AXL
$108.7M more FCF
AXL
$54.7M
$-54.0M
AEE
Faster 2-yr revenue CAGR
AEE
AEE
Annualised
AEE
-0.9%
-7.2%
AXL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEE
AEE
AXL
AXL
Revenue
$1.8B
$1.4B
Net Profit
$253.0M
$-75.3M
Gross Margin
10.2%
Operating Margin
20.2%
-2.4%
Net Margin
14.2%
-5.4%
Revenue YoY
-8.2%
0.2%
Net Profit YoY
21.6%
-449.6%
EPS (diluted)
$0.92
$-0.62

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
AEE
AEE
AXL
AXL
Q4 25
$1.8B
$1.4B
Q3 25
$2.7B
$1.5B
Q2 25
$2.2B
$1.5B
Q1 25
$2.1B
$1.4B
Q4 24
$1.9B
$1.4B
Q3 24
$2.2B
$1.5B
Q2 24
$1.7B
$1.6B
Q1 24
$1.8B
$1.6B
Net Profit
AEE
AEE
AXL
AXL
Q4 25
$253.0M
$-75.3M
Q3 25
$641.0M
$9.2M
Q2 25
$277.0M
$39.3M
Q1 25
$290.0M
$7.1M
Q4 24
$208.0M
$-13.7M
Q3 24
$457.0M
$10.0M
Q2 24
$260.0M
$18.2M
Q1 24
$262.0M
$20.5M
Gross Margin
AEE
AEE
AXL
AXL
Q4 25
10.2%
Q3 25
12.6%
Q2 25
13.1%
Q1 25
12.3%
Q4 24
11.2%
Q3 24
11.4%
Q2 24
13.3%
Q1 24
12.4%
Operating Margin
AEE
AEE
AXL
AXL
Q4 25
20.2%
-2.4%
Q3 25
30.6%
3.2%
Q2 25
18.5%
3.6%
Q1 25
20.5%
3.0%
Q4 24
10.2%
2.6%
Q3 24
27.0%
2.8%
Q2 24
21.3%
5.3%
Q1 24
20.4%
4.8%
Net Margin
AEE
AEE
AXL
AXL
Q4 25
14.2%
-5.4%
Q3 25
23.7%
0.6%
Q2 25
12.5%
2.6%
Q1 25
13.8%
0.5%
Q4 24
10.7%
-1.0%
Q3 24
21.0%
0.7%
Q2 24
15.4%
1.1%
Q1 24
14.4%
1.3%
EPS (diluted)
AEE
AEE
AXL
AXL
Q4 25
$0.92
$-0.62
Q3 25
$2.35
$0.07
Q2 25
$1.01
$0.32
Q1 25
$1.07
$0.06
Q4 24
$0.77
$-0.11
Q3 24
$1.70
$0.08
Q2 24
$0.97
$0.15
Q1 24
$0.98
$0.17

Balance Sheet & Financial Strength

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

Metric
AEE
AEE
AXL
AXL
Cash + ST InvestmentsLiquidity on hand
$13.0M
$708.9M
Total DebtLower is stronger
$19.4B
$4.0B
Stockholders' EquityBook value
$13.4B
$640.0M
Total Assets
$48.5B
$6.7B
Debt / EquityLower = less leverage
1.45×
6.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEE
AEE
AXL
AXL
Q4 25
$13.0M
$708.9M
Q3 25
$9.0M
$714.1M
Q2 25
$11.0M
$586.5M
Q1 25
$23.0M
$549.2M
Q4 24
$7.0M
$552.9M
Q3 24
$17.0M
$542.5M
Q2 24
$19.0M
$519.9M
Q1 24
$85.0M
$469.8M
Total Debt
AEE
AEE
AXL
AXL
Q4 25
$19.4B
$4.0B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$17.8B
$2.6B
Q3 24
$2.6B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
AEE
AEE
AXL
AXL
Q4 25
$13.4B
$640.0M
Q3 25
$12.8B
$718.4M
Q2 25
$12.3B
$673.0M
Q1 25
$12.2B
$596.3M
Q4 24
$12.1B
$562.8M
Q3 24
$11.8B
$616.3M
Q2 24
$11.5B
$609.6M
Q1 24
$11.4B
$621.4M
Total Assets
AEE
AEE
AXL
AXL
Q4 25
$48.5B
$6.7B
Q3 25
$47.4B
$5.3B
Q2 25
$46.6B
$5.3B
Q1 25
$45.7B
$5.1B
Q4 24
$44.6B
$5.1B
Q3 24
$43.3B
$5.3B
Q2 24
$42.3B
$5.3B
Q1 24
$41.3B
$5.4B
Debt / Equity
AEE
AEE
AXL
AXL
Q4 25
1.45×
6.31×
Q3 25
3.61×
Q2 25
3.86×
Q1 25
4.38×
Q4 24
1.47×
4.58×
Q3 24
4.28×
Q2 24
4.42×
Q1 24
4.40×

Cash Flow & Capital Efficiency

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

Metric
AEE
AEE
AXL
AXL
Operating Cash FlowLast quarter
$956.0M
$120.5M
Free Cash FlowOCF − Capex
$-54.0M
$54.7M
FCF MarginFCF / Revenue
-3.0%
4.0%
Capex IntensityCapex / Revenue
56.7%
4.8%
Cash ConversionOCF / Net Profit
3.78×
TTM Free Cash FlowTrailing 4 quarters
$-775.0M
$155.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEE
AEE
AXL
AXL
Q4 25
$956.0M
$120.5M
Q3 25
$1.1B
$143.3M
Q2 25
$862.0M
$91.9M
Q1 25
$431.0M
$55.9M
Q4 24
$817.0M
$151.2M
Q3 24
$897.0M
$143.6M
Q2 24
$557.0M
$142.8M
Q1 24
$492.0M
$17.8M
Free Cash Flow
AEE
AEE
AXL
AXL
Q4 25
$-54.0M
$54.7M
Q3 25
$116.0M
$79.2M
Q2 25
$-204.0M
$34.6M
Q1 25
$-633.0M
$-13.4M
Q4 24
$-473.0M
$73.2M
Q3 24
$-240.0M
$70.4M
Q2 24
$-445.0M
$94.0M
Q1 24
$-398.0M
$-30.2M
FCF Margin
AEE
AEE
AXL
AXL
Q4 25
-3.0%
4.0%
Q3 25
4.3%
5.3%
Q2 25
-9.2%
2.3%
Q1 25
-30.2%
-0.9%
Q4 24
-24.4%
5.3%
Q3 24
-11.0%
4.7%
Q2 24
-26.3%
5.8%
Q1 24
-21.9%
-1.9%
Capex Intensity
AEE
AEE
AXL
AXL
Q4 25
56.7%
4.8%
Q3 25
36.6%
4.3%
Q2 25
48.0%
3.7%
Q1 25
50.7%
4.9%
Q4 24
66.5%
5.6%
Q3 24
52.3%
4.9%
Q2 24
59.2%
3.0%
Q1 24
49.0%
3.0%
Cash Conversion
AEE
AEE
AXL
AXL
Q4 25
3.78×
Q3 25
1.72×
15.58×
Q2 25
3.11×
2.34×
Q1 25
1.49×
7.87×
Q4 24
3.93×
Q3 24
1.96×
14.36×
Q2 24
2.14×
7.85×
Q1 24
1.88×
0.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AEE
AEE

Segment breakdown not available.

AXL
AXL

Driveline$748.4M54%
Other$345.7M25%
Metal Forming$289.8M21%

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