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Side-by-side financial comparison of American Tower (AMT) and AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL). Click either name above to swap in a different company.
American Tower is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 2.0× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). American Tower runs the higher net margin — 110.1% vs -5.4%, a 115.6% gap on every dollar of revenue. On growth, American Tower posted the faster year-over-year revenue change (6.8% vs 0.2%). American Tower produced more free cash flow last quarter ($941.0M vs $54.7M). Over the past eight quarters, American Tower's revenue compounded faster (3.7% CAGR vs -7.2%).
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
AMT vs AXL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $1.4B |
| Net Profit | $3.0B | $-75.3M |
| Gross Margin | — | 10.2% |
| Operating Margin | 0.0% | -2.4% |
| Net Margin | 110.1% | -5.4% |
| Revenue YoY | 6.8% | 0.2% |
| Net Profit YoY | -2.6% | -449.6% |
| EPS (diluted) | — | $-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.
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $2.5B | $1.6B |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $-75.3M | ||
| Q3 25 | $912.6M | $9.2M | ||
| Q2 25 | $380.5M | $39.3M | ||
| Q1 25 | $498.6M | $7.1M | ||
| Q4 24 | $1.2B | $-13.7M | ||
| Q3 24 | $-780.4M | $10.0M | ||
| Q2 24 | $908.4M | $18.2M |
| Q1 26 | — | — | ||
| 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 26 | 0.0% | — | ||
| Q4 25 | 42.4% | -2.4% | ||
| Q3 25 | 45.4% | 3.2% | ||
| Q2 25 | 45.6% | 3.6% | ||
| Q1 25 | 48.9% | 3.0% | ||
| Q4 24 | 42.4% | 2.6% | ||
| Q3 24 | 45.2% | 2.8% | ||
| Q2 24 | 45.4% | 5.3% |
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | -5.4% | ||
| Q3 25 | 33.6% | 0.6% | ||
| Q2 25 | 14.5% | 2.6% | ||
| Q1 25 | 19.5% | 0.5% | ||
| Q4 24 | 48.3% | -1.0% | ||
| Q3 24 | -30.9% | 0.7% | ||
| Q2 24 | 35.7% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $-0.62 | ||
| Q3 25 | $1.82 | $0.07 | ||
| Q2 25 | $0.78 | $0.32 | ||
| Q1 25 | $1.04 | $0.06 | ||
| Q4 24 | $2.63 | $-0.11 | ||
| Q3 24 | $-1.69 | $0.08 | ||
| Q2 24 | $1.92 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $708.9M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $10.2B | $640.0M |
| Total Assets | — | $6.7B |
| Debt / EquityLower = less leverage | — | 6.31× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $708.9M | ||
| Q3 25 | $2.0B | $714.1M | ||
| Q2 25 | $2.1B | $586.5M | ||
| Q1 25 | $2.1B | $549.2M | ||
| Q4 24 | $2.0B | $552.9M | ||
| Q3 24 | $2.2B | $542.5M | ||
| Q2 24 | $2.2B | $519.9M |
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $4.0B | ||
| Q3 25 | $34.9B | $2.6B | ||
| Q2 25 | $35.2B | $2.6B | ||
| Q1 25 | $34.0B | $2.6B | ||
| Q4 24 | $32.8B | $2.6B | ||
| Q3 24 | $33.4B | $2.6B | ||
| Q2 24 | $35.6B | $2.7B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $640.0M | ||
| Q3 25 | $4.0B | $718.4M | ||
| Q2 25 | $3.7B | $673.0M | ||
| Q1 25 | $3.5B | $596.3M | ||
| Q4 24 | $3.4B | $562.8M | ||
| Q3 24 | $3.6B | $616.3M | ||
| Q2 24 | $3.9B | $609.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $6.7B | ||
| Q3 25 | $63.9B | $5.3B | ||
| Q2 25 | $63.8B | $5.3B | ||
| Q1 25 | $62.1B | $5.1B | ||
| Q4 24 | $61.1B | $5.1B | ||
| Q3 24 | $62.8B | $5.3B | ||
| Q2 24 | $65.8B | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 6.31× | ||
| Q3 25 | 8.82× | 3.61× | ||
| Q2 25 | 9.48× | 3.86× | ||
| Q1 25 | 9.63× | 4.38× | ||
| Q4 24 | 9.70× | 4.58× | ||
| Q3 24 | 9.16× | 4.28× | ||
| Q2 24 | 9.24× | 4.42× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $120.5M |
| Free Cash FlowOCF − Capex | $941.0M | $54.7M |
| FCF MarginFCF / Revenue | 34.4% | 4.0% |
| Capex IntensityCapex / Revenue | 16.8% | 4.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.7B | $155.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $120.5M | ||
| Q3 25 | $1.5B | $143.3M | ||
| Q2 25 | $1.3B | $91.9M | ||
| Q1 25 | $1.3B | $55.9M | ||
| Q4 24 | $5.3B | $151.2M | ||
| Q3 24 | $1.5B | $143.6M | ||
| Q2 24 | $1.3B | $142.8M |
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $54.7M | ||
| Q3 25 | $994.5M | $79.2M | ||
| Q2 25 | $976.9M | $34.6M | ||
| Q1 25 | $963.9M | $-13.4M | ||
| Q4 24 | $3.7B | $73.2M | ||
| Q3 24 | $1.0B | $70.4M | ||
| Q2 24 | $1.0B | $94.0M |
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 4.0% | ||
| Q3 25 | 36.6% | 5.3% | ||
| Q2 25 | 37.2% | 2.3% | ||
| Q1 25 | 37.6% | -0.9% | ||
| Q4 24 | 145.3% | 5.3% | ||
| Q3 24 | 41.4% | 4.7% | ||
| Q2 24 | 39.8% | 5.8% |
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 4.8% | ||
| Q3 25 | 17.1% | 4.3% | ||
| Q2 25 | 11.6% | 3.7% | ||
| Q1 25 | 12.9% | 4.9% | ||
| Q4 24 | 62.4% | 5.6% | ||
| Q3 24 | 16.8% | 4.9% | ||
| Q2 24 | 12.8% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.60× | 15.58× | ||
| Q2 25 | 3.37× | 2.34× | ||
| Q1 25 | 2.60× | 7.87× | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | — | 14.36× | ||
| Q2 24 | 1.47× | 7.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMT
Segment breakdown not available.
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
