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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and CALERES INC (CAL). 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 $790.1M, roughly 1.8× CALERES INC). CALERES INC runs the higher net margin — 0.3% vs -5.4%, a 5.7% gap on every dollar of revenue. On growth, CALERES INC posted the faster year-over-year revenue change (6.6% vs 0.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $-12.4M). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% 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.
Caleres Inc. is an American footwear company that owns and operates a variety of footwear brands. Its headquarters is located in Clayton, Missouri, a suburb of St. Louis. The company was founded in 1878 as Bryan, Brown & Company in St. Louis, though it underwent several name changes. The Hamilton-Brown Shoe Company was the largest manufacturer of shoes in America in the early 20th century, but it went bankrupt in June 1939.
AXL vs CAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $790.1M |
| Net Profit | $-75.3M | $2.4M |
| Gross Margin | 10.2% | 41.8% |
| Operating Margin | -2.4% | 1.5% |
| Net Margin | -5.4% | 0.3% |
| Revenue YoY | 0.2% | 6.6% |
| Net Profit YoY | -449.6% | -94.2% |
| EPS (diluted) | $-0.62 | $0.07 |
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 | $790.1M | ||
| Q3 25 | $1.5B | $658.5M | ||
| Q2 25 | $1.5B | $614.2M | ||
| Q1 25 | $1.4B | $639.2M | ||
| Q4 24 | $1.4B | $740.9M | ||
| Q3 24 | $1.5B | $683.3M | ||
| Q2 24 | $1.6B | $659.2M | ||
| Q1 24 | $1.6B | $697.1M |
| Q4 25 | $-75.3M | $2.4M | ||
| Q3 25 | $9.2M | $6.7M | ||
| Q2 25 | $39.3M | $6.9M | ||
| Q1 25 | $7.1M | $4.9M | ||
| Q4 24 | $-13.7M | $41.4M | ||
| Q3 24 | $10.0M | $30.0M | ||
| Q2 24 | $18.2M | $30.9M | ||
| Q1 24 | $20.5M | $55.7M |
| Q4 25 | 10.2% | 41.8% | ||
| Q3 25 | 12.6% | 43.4% | ||
| Q2 25 | 13.1% | 45.4% | ||
| Q1 25 | 12.3% | 43.0% | ||
| Q4 24 | 11.2% | 44.1% | ||
| Q3 24 | 11.4% | 45.5% | ||
| Q2 24 | 13.3% | 46.9% | ||
| Q1 24 | 12.4% | 43.9% |
| Q4 25 | -2.4% | 1.5% | ||
| Q3 25 | 3.2% | 1.4% | ||
| Q2 25 | 3.6% | 1.9% | ||
| Q1 25 | 3.0% | 1.2% | ||
| Q4 24 | 2.6% | 7.7% | ||
| Q3 24 | 2.8% | 6.2% | ||
| Q2 24 | 5.3% | 6.5% | ||
| Q1 24 | 4.8% | 4.4% |
| Q4 25 | -5.4% | 0.3% | ||
| Q3 25 | 0.6% | 1.0% | ||
| Q2 25 | 2.6% | 1.1% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | -1.0% | 5.6% | ||
| Q3 24 | 0.7% | 4.4% | ||
| Q2 24 | 1.1% | 4.7% | ||
| Q1 24 | 1.3% | 8.0% |
| Q4 25 | $-0.62 | $0.07 | ||
| Q3 25 | $0.07 | $0.20 | ||
| Q2 25 | $0.32 | $0.21 | ||
| Q1 25 | $0.06 | $0.17 | ||
| Q4 24 | $-0.11 | $1.19 | ||
| Q3 24 | $0.08 | $0.85 | ||
| Q2 24 | $0.15 | $0.88 | ||
| Q1 24 | $0.17 | $1.56 |
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 | $34.0M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $616.8M |
| Total Assets | $6.7B | $2.1B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $34.0M | ||
| Q3 25 | $714.1M | $191.5M | ||
| Q2 25 | $586.5M | $33.1M | ||
| Q1 25 | $549.2M | $29.6M | ||
| Q4 24 | $552.9M | $33.7M | ||
| Q3 24 | $542.5M | $51.8M | ||
| Q2 24 | $519.9M | $30.7M | ||
| Q1 24 | $469.8M | $21.4M |
| 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 24 | $2.7B | — |
| Q4 25 | $640.0M | $616.8M | ||
| Q3 25 | $718.4M | $613.3M | ||
| Q2 25 | $673.0M | $605.2M | ||
| Q1 25 | $596.3M | $599.0M | ||
| Q4 24 | $562.8M | $598.3M | ||
| Q3 24 | $616.3M | $606.1M | ||
| Q2 24 | $609.6M | $570.3M | ||
| Q1 24 | $621.4M | $560.6M |
| Q4 25 | $6.7B | $2.1B | ||
| Q3 25 | $5.3B | $2.2B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.1B | $1.9B | ||
| Q4 24 | $5.1B | $2.0B | ||
| Q3 24 | $5.3B | $2.0B | ||
| Q2 24 | $5.3B | $1.9B | ||
| Q1 24 | $5.4B | $1.8B |
| 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× | — | ||
| Q1 24 | 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 | $120.5M | $-1.2M |
| Free Cash FlowOCF − Capex | $54.7M | $-12.4M |
| FCF MarginFCF / Revenue | 4.0% | -1.6% |
| Capex IntensityCapex / Revenue | 4.8% | 1.4% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $14.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $-1.2M | ||
| Q3 25 | $143.3M | $47.3M | ||
| Q2 25 | $91.9M | $-5.7M | ||
| Q1 25 | $55.9M | $28.7M | ||
| Q4 24 | $151.2M | $-39.8M | ||
| Q3 24 | $143.6M | $79.6M | ||
| Q2 24 | $142.8M | $36.1M | ||
| Q1 24 | $17.8M | $43.0M |
| Q4 25 | $54.7M | $-12.4M | ||
| Q3 25 | $79.2M | $35.0M | ||
| Q2 25 | $34.6M | $-26.2M | ||
| Q1 25 | $-13.4M | $18.0M | ||
| Q4 24 | $73.2M | $-57.4M | ||
| Q3 24 | $70.4M | $68.5M | ||
| Q2 24 | $94.0M | $26.3M | ||
| Q1 24 | $-30.2M | $32.4M |
| Q4 25 | 4.0% | -1.6% | ||
| Q3 25 | 5.3% | 5.3% | ||
| Q2 25 | 2.3% | -4.3% | ||
| Q1 25 | -0.9% | 2.8% | ||
| Q4 24 | 5.3% | -7.7% | ||
| Q3 24 | 4.7% | 10.0% | ||
| Q2 24 | 5.8% | 4.0% | ||
| Q1 24 | -1.9% | 4.6% |
| Q4 25 | 4.8% | 1.4% | ||
| Q3 25 | 4.3% | 1.9% | ||
| Q2 25 | 3.7% | 3.3% | ||
| Q1 25 | 4.9% | 1.7% | ||
| Q4 24 | 5.6% | 2.4% | ||
| Q3 24 | 4.9% | 1.6% | ||
| Q2 24 | 3.0% | 1.5% | ||
| Q1 24 | 3.0% | 1.5% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | 15.58× | 7.05× | ||
| Q2 25 | 2.34× | -0.81× | ||
| Q1 25 | 7.87× | 5.82× | ||
| Q4 24 | — | -0.96× | ||
| Q3 24 | 14.36× | 2.66× | ||
| Q2 24 | 7.85× | 1.17× | ||
| Q1 24 | 0.87× | 0.77× |
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% |
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
