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Side-by-side financial comparison of APA Corporation (APA) and AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). APA Corporation runs the higher net margin — 15.0% vs -5.4%, a 20.4% gap on every dollar of revenue. On growth, AMERICAN AXLE & MANUFACTURING HOLDINGS INC posted the faster year-over-year revenue change (0.2% vs -24.3%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -7.2%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
APA vs AXL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.4B |
| Net Profit | $331.0M | $-75.3M |
| Gross Margin | — | 10.2% |
| Operating Margin | 32.5% | -2.4% |
| Net Margin | 15.0% | -5.4% |
| Revenue YoY | -24.3% | 0.2% |
| Net Profit YoY | -22.1% | -449.6% |
| EPS (diluted) | $0.79 | $-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.
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.8B | $1.6B | ||
| Q1 24 | $2.1B | $1.6B |
| Q4 25 | $331.0M | $-75.3M | ||
| Q3 25 | $205.0M | $9.2M | ||
| Q2 25 | $603.0M | $39.3M | ||
| Q1 25 | $418.0M | $7.1M | ||
| Q4 24 | $425.0M | $-13.7M | ||
| Q3 24 | $-223.0M | $10.0M | ||
| Q2 24 | $541.0M | $18.2M | ||
| Q1 24 | $212.0M | $20.5M |
| 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% |
| Q4 25 | 32.5% | -2.4% | ||
| Q3 25 | 33.7% | 3.2% | ||
| Q2 25 | 31.8% | 3.6% | ||
| Q1 25 | 31.9% | 3.0% | ||
| Q4 24 | 31.4% | 2.6% | ||
| Q3 24 | -5.2% | 2.8% | ||
| Q2 24 | 34.4% | 5.3% | ||
| Q1 24 | 32.2% | 4.8% |
| Q4 25 | 15.0% | -5.4% | ||
| Q3 25 | 9.0% | 0.6% | ||
| Q2 25 | 26.0% | 2.6% | ||
| Q1 25 | 15.4% | 0.5% | ||
| Q4 24 | 14.6% | -1.0% | ||
| Q3 24 | -8.1% | 0.7% | ||
| Q2 24 | 19.0% | 1.1% | ||
| Q1 24 | 9.9% | 1.3% |
| Q4 25 | $0.79 | $-0.62 | ||
| Q3 25 | $0.57 | $0.07 | ||
| Q2 25 | $1.67 | $0.32 | ||
| Q1 25 | $0.96 | $0.06 | ||
| Q4 24 | $0.97 | $-0.11 | ||
| Q3 24 | $-0.60 | $0.08 | ||
| Q2 24 | $1.46 | $0.15 | ||
| Q1 24 | $0.44 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $516.0M | $708.9M |
| Total DebtLower is stronger | $4.3B | $4.0B |
| Stockholders' EquityBook value | $6.1B | $640.0M |
| Total Assets | $17.8B | $6.7B |
| Debt / EquityLower = less leverage | 0.70× | 6.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $708.9M | ||
| Q3 25 | $475.0M | $714.1M | ||
| Q2 25 | $107.0M | $586.5M | ||
| Q1 25 | $67.0M | $549.2M | ||
| Q4 24 | $625.0M | $552.9M | ||
| Q3 24 | $64.0M | $542.5M | ||
| Q2 24 | $160.0M | $519.9M | ||
| Q1 24 | $102.0M | $469.8M |
| Q4 25 | $4.3B | $4.0B | ||
| Q3 25 | $4.3B | $2.6B | ||
| Q2 25 | $4.3B | $2.6B | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $6.0B | $2.6B | ||
| Q3 24 | $6.4B | $2.6B | ||
| Q2 24 | $6.7B | $2.7B | ||
| Q1 24 | $5.2B | $2.7B |
| Q4 25 | $6.1B | $640.0M | ||
| Q3 25 | $6.0B | $718.4M | ||
| Q2 25 | $5.9B | $673.0M | ||
| Q1 25 | $5.4B | $596.3M | ||
| Q4 24 | $5.3B | $562.8M | ||
| Q3 24 | $5.1B | $616.3M | ||
| Q2 24 | $5.4B | $609.6M | ||
| Q1 24 | $2.6B | $621.4M |
| Q4 25 | $17.8B | $6.7B | ||
| Q3 25 | $17.7B | $5.3B | ||
| Q2 25 | $18.1B | $5.3B | ||
| Q1 25 | $18.5B | $5.1B | ||
| Q4 24 | $19.4B | $5.1B | ||
| Q3 24 | $19.4B | $5.3B | ||
| Q2 24 | $20.2B | $5.3B | ||
| Q1 24 | $15.0B | $5.4B |
| Q4 25 | 0.70× | 6.31× | ||
| Q3 25 | 0.72× | 3.61× | ||
| Q2 25 | 0.73× | 3.86× | ||
| Q1 25 | 0.96× | 4.38× | ||
| Q4 24 | 1.13× | 4.58× | ||
| Q3 24 | 1.25× | 4.28× | ||
| Q2 24 | 1.24× | 4.42× | ||
| Q1 24 | 1.99× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $808.0M | $120.5M |
| Free Cash FlowOCF − Capex | — | $54.7M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $155.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $120.5M | ||
| Q3 25 | $1.5B | $143.3M | ||
| Q2 25 | $1.2B | $91.9M | ||
| Q1 25 | $1.1B | $55.9M | ||
| Q4 24 | $1.0B | $151.2M | ||
| Q3 24 | $1.3B | $143.6M | ||
| Q2 24 | $877.0M | $142.8M | ||
| Q1 24 | $368.0M | $17.8M |
| Q4 25 | — | $54.7M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $-13.4M | ||
| Q4 24 | — | $73.2M | ||
| Q3 24 | — | $70.4M | ||
| Q2 24 | — | $94.0M | ||
| Q1 24 | — | $-30.2M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | -1.9% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | 15.58× | ||
| Q2 25 | 1.96× | 2.34× | ||
| Q1 25 | 2.62× | 7.87× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 14.36× | ||
| Q2 24 | 1.62× | 7.85× | ||
| Q1 24 | 1.74× | 0.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
