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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Brown & Brown (BRO). Click either name above to swap in a different company.
Brown & Brown is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.2× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). Brown & Brown runs the higher net margin — 16.5% vs -5.4%, a 21.9% gap on every dollar of revenue. On growth, Brown & Brown posted the faster year-over-year revenue change (35.8% vs 0.2%). Brown & Brown produced more free cash flow last quarter ($424.0M vs $54.7M). Over the past eight quarters, Brown & Brown's revenue compounded faster (13.0% CAGR vs -7.2%).
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
Brown & Brown, Inc. is an American insurance brokerage firm headquartered in Daytona Beach, Florida. It is one of the largest independent insurance intermediaries in the United States, providing risk management solutions, insurance products, and services to businesses, governmental institutions, professional organizations, trade associations, and individuals.
AXL vs BRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.6B |
| Net Profit | $-75.3M | $265.0M |
| Gross Margin | 10.2% | — |
| Operating Margin | -2.4% | — |
| Net Margin | -5.4% | 16.5% |
| Revenue YoY | 0.2% | 35.8% |
| Net Profit YoY | -449.6% | 26.8% |
| EPS (diluted) | $-0.62 | $0.55 |
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 | $1.4B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.6B | $1.3B |
| Q4 25 | $-75.3M | $265.0M | ||
| Q3 25 | $9.2M | $227.0M | ||
| Q2 25 | $39.3M | $231.0M | ||
| Q1 25 | $7.1M | $331.0M | ||
| Q4 24 | $-13.7M | $209.0M | ||
| Q3 24 | $10.0M | $234.0M | ||
| Q2 24 | $18.2M | $257.0M | ||
| Q1 24 | $20.5M | $293.0M |
| 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 | -2.4% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.6% | 23.3% | ||
| Q3 24 | 2.8% | 26.7% | ||
| Q2 24 | 5.3% | 29.4% | ||
| Q1 24 | 4.8% | 28.9% |
| Q4 25 | -5.4% | 16.5% | ||
| Q3 25 | 0.6% | 14.1% | ||
| Q2 25 | 2.6% | 18.0% | ||
| Q1 25 | 0.5% | 23.6% | ||
| Q4 24 | -1.0% | 17.7% | ||
| Q3 24 | 0.7% | 19.7% | ||
| Q2 24 | 1.1% | 21.8% | ||
| Q1 24 | 1.3% | 23.3% |
| Q4 25 | $-0.62 | $0.55 | ||
| Q3 25 | $0.07 | $0.68 | ||
| Q2 25 | $0.32 | $0.78 | ||
| Q1 25 | $0.06 | $1.15 | ||
| Q4 24 | $-0.11 | $0.73 | ||
| Q3 24 | $0.08 | $0.81 | ||
| Q2 24 | $0.15 | $0.90 | ||
| Q1 24 | $0.17 | $1.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $708.9M | $1.1B |
| Total DebtLower is stronger | $4.0B | $7.6B |
| Stockholders' EquityBook value | $640.0M | $12.6B |
| Total Assets | $6.7B | $30.0B |
| Debt / EquityLower = less leverage | 6.31× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $1.1B | ||
| Q3 25 | $714.1M | $1.2B | ||
| Q2 25 | $586.5M | $8.9B | ||
| Q1 25 | $549.2M | $669.0M | ||
| Q4 24 | $552.9M | $685.0M | ||
| Q3 24 | $542.5M | $968.0M | ||
| Q2 24 | $519.9M | $1.1B | ||
| Q1 24 | $469.8M | $591.0M |
| Q4 25 | $4.0B | $7.6B | ||
| Q3 25 | $2.6B | $7.7B | ||
| Q2 25 | $2.6B | $7.5B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.6B | $3.6B | ||
| Q2 24 | $2.7B | $4.1B | ||
| Q1 24 | $2.7B | $3.9B |
| Q4 25 | $640.0M | $12.6B | ||
| Q3 25 | $718.4M | $12.4B | ||
| Q2 25 | $673.0M | $11.6B | ||
| Q1 25 | $596.3M | $6.8B | ||
| Q4 24 | $562.8M | $6.4B | ||
| Q3 24 | $616.3M | $6.5B | ||
| Q2 24 | $609.6M | $6.0B | ||
| Q1 24 | $621.4M | $5.8B |
| Q4 25 | $6.7B | $30.0B | ||
| Q3 25 | $5.3B | $29.4B | ||
| Q2 25 | $5.3B | $25.6B | ||
| Q1 25 | $5.1B | $16.8B | ||
| Q4 24 | $5.1B | $17.6B | ||
| Q3 24 | $5.3B | $17.5B | ||
| Q2 24 | $5.3B | $15.9B | ||
| Q1 24 | $5.4B | $14.8B |
| Q4 25 | 6.31× | 0.61× | ||
| Q3 25 | 3.61× | 0.62× | ||
| Q2 25 | 3.86× | 0.65× | ||
| Q1 25 | 4.38× | 0.56× | ||
| Q4 24 | 4.58× | 0.59× | ||
| Q3 24 | 4.28× | 0.55× | ||
| Q2 24 | 4.42× | 0.68× | ||
| Q1 24 | 4.40× | 0.67× |
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 | $444.0M |
| Free Cash FlowOCF − Capex | $54.7M | $424.0M |
| FCF MarginFCF / Revenue | 4.0% | 26.4% |
| Capex IntensityCapex / Revenue | 4.8% | 1.2% |
| Cash ConversionOCF / Net Profit | — | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $444.0M | ||
| Q3 25 | $143.3M | $468.0M | ||
| Q2 25 | $91.9M | $325.0M | ||
| Q1 25 | $55.9M | $213.0M | ||
| Q4 24 | $151.2M | $361.0M | ||
| Q3 24 | $143.6M | $440.0M | ||
| Q2 24 | $142.8M | $360.0M | ||
| Q1 24 | $17.8M | $13.0M |
| Q4 25 | $54.7M | $424.0M | ||
| Q3 25 | $79.2M | $452.0M | ||
| Q2 25 | $34.6M | $310.0M | ||
| Q1 25 | $-13.4M | $196.0M | ||
| Q4 24 | $73.2M | $341.0M | ||
| Q3 24 | $70.4M | $417.0M | ||
| Q2 24 | $94.0M | $334.0M | ||
| Q1 24 | $-30.2M | $0 |
| Q4 25 | 4.0% | 26.4% | ||
| Q3 25 | 5.3% | 28.1% | ||
| Q2 25 | 2.3% | 24.1% | ||
| Q1 25 | -0.9% | 14.0% | ||
| Q4 24 | 5.3% | 28.8% | ||
| Q3 24 | 4.7% | 35.2% | ||
| Q2 24 | 5.8% | 28.4% | ||
| Q1 24 | -1.9% | 0.0% |
| Q4 25 | 4.8% | 1.2% | ||
| Q3 25 | 4.3% | 1.0% | ||
| Q2 25 | 3.7% | 1.2% | ||
| Q1 25 | 4.9% | 1.2% | ||
| Q4 24 | 5.6% | 1.7% | ||
| Q3 24 | 4.9% | 1.9% | ||
| Q2 24 | 3.0% | 2.2% | ||
| Q1 24 | 3.0% | 1.0% |
| Q4 25 | — | 1.68× | ||
| Q3 25 | 15.58× | 2.06× | ||
| Q2 25 | 2.34× | 1.41× | ||
| Q1 25 | 7.87× | 0.64× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | 14.36× | 1.88× | ||
| Q2 24 | 7.85× | 1.40× | ||
| Q1 24 | 0.87× | 0.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
BRO
| US | $1.4B | 87% |
| GB | $147.0M | 9% |
| Profit Sharing Contingent Commission Revenue | $33.0M | 2% |
| Other Supplemental Commissions Revenue | $25.0M | 2% |
