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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
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% | — |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 | — |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |