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

AMERICAN AXLE & MANUFACTURING HOLDINGS INC is the larger business by last-quarter revenue ($1.4B vs $872.1M, roughly 1.6× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs -5.4%, a 20.7% gap on every dollar of revenue. On growth, BXP, Inc. posted the faster year-over-year revenue change (0.8% vs 0.2%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% 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.

BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.

AXL vs BXP — Head-to-Head

Bigger by revenue
AXL
AXL
1.6× larger
AXL
$1.4B
$872.1M
BXP
Growing faster (revenue YoY)
BXP
BXP
+0.6% gap
BXP
0.8%
0.2%
AXL
Higher net margin
BXP
BXP
20.7% more per $
BXP
15.3%
-5.4%
AXL
Faster 2-yr revenue CAGR
BXP
BXP
Annualised
BXP
1.3%
-7.2%
AXL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AXL
AXL
BXP
BXP
Revenue
$1.4B
$872.1M
Net Profit
$-75.3M
$133.0M
Gross Margin
10.2%
Operating Margin
-2.4%
Net Margin
-5.4%
15.3%
Revenue YoY
0.2%
0.8%
Net Profit YoY
-449.6%
53.0%
EPS (diluted)
$-0.62
$1.69

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
AXL
AXL
BXP
BXP
Q1 26
$872.1M
Q4 25
$1.4B
$877.1M
Q3 25
$1.5B
$871.5M
Q2 25
$1.5B
$868.5M
Q1 25
$1.4B
$865.2M
Q4 24
$1.4B
$858.6M
Q3 24
$1.5B
$859.2M
Q2 24
$1.6B
$850.5M
Net Profit
AXL
AXL
BXP
BXP
Q1 26
$133.0M
Q4 25
$-75.3M
$248.4M
Q3 25
$9.2M
$-121.7M
Q2 25
$39.3M
$89.0M
Q1 25
$7.1M
$61.2M
Q4 24
$-13.7M
$-228.9M
Q3 24
$10.0M
$83.6M
Q2 24
$18.2M
$79.6M
Gross Margin
AXL
AXL
BXP
BXP
Q1 26
Q4 25
10.2%
58.8%
Q3 25
12.6%
59.3%
Q2 25
13.1%
59.2%
Q1 25
12.3%
59.2%
Q4 24
11.2%
59.7%
Q3 24
11.4%
59.5%
Q2 24
13.3%
59.8%
Operating Margin
AXL
AXL
BXP
BXP
Q1 26
Q4 25
-2.4%
Q3 25
3.2%
Q2 25
3.6%
Q1 25
3.0%
Q4 24
2.6%
Q3 24
2.8%
Q2 24
5.3%
Net Margin
AXL
AXL
BXP
BXP
Q1 26
15.3%
Q4 25
-5.4%
28.3%
Q3 25
0.6%
-14.0%
Q2 25
2.6%
10.2%
Q1 25
0.5%
7.1%
Q4 24
-1.0%
-26.7%
Q3 24
0.7%
9.7%
Q2 24
1.1%
9.4%
EPS (diluted)
AXL
AXL
BXP
BXP
Q1 26
$1.69
Q4 25
$-0.62
$1.56
Q3 25
$0.07
$-0.77
Q2 25
$0.32
$0.56
Q1 25
$0.06
$0.39
Q4 24
$-0.11
$-1.46
Q3 24
$0.08
$0.53
Q2 24
$0.15
$0.51

Balance Sheet & Financial Strength

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

Metric
AXL
AXL
BXP
BXP
Cash + ST InvestmentsLiquidity on hand
$708.9M
$512.8M
Total DebtLower is stronger
$4.0B
Stockholders' EquityBook value
$640.0M
$7.7B
Total Assets
$6.7B
$25.1B
Debt / EquityLower = less leverage
6.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXL
AXL
BXP
BXP
Q1 26
$512.8M
Q4 25
$708.9M
$1.5B
Q3 25
$714.1M
$861.1M
Q2 25
$586.5M
$447.0M
Q1 25
$549.2M
$398.1M
Q4 24
$552.9M
$1.3B
Q3 24
$542.5M
$1.4B
Q2 24
$519.9M
$685.4M
Total Debt
AXL
AXL
BXP
BXP
Q1 26
Q4 25
$4.0B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.7B
Stockholders' Equity
AXL
AXL
BXP
BXP
Q1 26
$7.7B
Q4 25
$640.0M
$5.1B
Q3 25
$718.4M
$5.0B
Q2 25
$673.0M
$5.3B
Q1 25
$596.3M
$5.3B
Q4 24
$562.8M
$5.4B
Q3 24
$616.3M
$5.8B
Q2 24
$609.6M
$5.8B
Total Assets
AXL
AXL
BXP
BXP
Q1 26
$25.1B
Q4 25
$6.7B
$26.2B
Q3 25
$5.3B
$26.0B
Q2 25
$5.3B
$25.6B
Q1 25
$5.1B
$25.4B
Q4 24
$5.1B
$26.1B
Q3 24
$5.3B
$26.4B
Q2 24
$5.3B
$25.5B
Debt / Equity
AXL
AXL
BXP
BXP
Q1 26
Q4 25
6.31×
Q3 25
3.61×
Q2 25
3.86×
Q1 25
4.38×
Q4 24
4.58×
Q3 24
4.28×
Q2 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
AXL
AXL
BXP
BXP
Operating Cash FlowLast quarter
$120.5M
Free Cash FlowOCF − Capex
$54.7M
FCF MarginFCF / Revenue
4.0%
Capex IntensityCapex / Revenue
4.8%
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$155.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXL
AXL
BXP
BXP
Q1 26
Q4 25
$120.5M
$407.8M
Q3 25
$143.3M
$274.2M
Q2 25
$91.9M
$353.1M
Q1 25
$55.9M
$210.0M
Q4 24
$151.2M
$383.7M
Q3 24
$143.6M
$286.1M
Q2 24
$142.8M
$367.1M
Free Cash Flow
AXL
AXL
BXP
BXP
Q1 26
Q4 25
$54.7M
$362.7M
Q3 25
$79.2M
$231.6M
Q2 25
$34.6M
$281.5M
Q1 25
$-13.4M
$152.6M
Q4 24
$73.2M
$312.5M
Q3 24
$70.4M
$234.5M
Q2 24
$94.0M
$332.4M
FCF Margin
AXL
AXL
BXP
BXP
Q1 26
Q4 25
4.0%
41.4%
Q3 25
5.3%
26.6%
Q2 25
2.3%
32.4%
Q1 25
-0.9%
17.6%
Q4 24
5.3%
36.4%
Q3 24
4.7%
27.3%
Q2 24
5.8%
39.1%
Capex Intensity
AXL
AXL
BXP
BXP
Q1 26
1.5%
Q4 25
4.8%
5.1%
Q3 25
4.3%
4.9%
Q2 25
3.7%
8.2%
Q1 25
4.9%
6.6%
Q4 24
5.6%
8.3%
Q3 24
4.9%
6.0%
Q2 24
3.0%
4.1%
Cash Conversion
AXL
AXL
BXP
BXP
Q1 26
Q4 25
1.64×
Q3 25
15.58×
Q2 25
2.34×
3.97×
Q1 25
7.87×
3.43×
Q4 24
Q3 24
14.36×
3.42×
Q2 24
7.85×
4.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXL
AXL

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

BXP
BXP

Lease$818.2M94%
Parking and other$30.8M4%
Development and management services$9.2M1%

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