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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Chefs' Warehouse, Inc. (CHEF). 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 $1.1B, roughly 1.3× Chefs' Warehouse, Inc.). Chefs' Warehouse, Inc. runs the higher net margin — 1.6% vs -5.4%, a 7.1% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs 0.2%). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (5.3% 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.
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
AXL vs CHEF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $-75.3M | $17.4M |
| Gross Margin | 10.2% | 24.3% |
| Operating Margin | -2.4% | 3.1% |
| Net Margin | -5.4% | 1.6% |
| Revenue YoY | 0.2% | 11.4% |
| Net Profit YoY | -449.6% | 68.8% |
| EPS (diluted) | $-0.62 | $0.40 |
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 | — | $1.1B | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $950.7M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.5B | $931.5M | ||
| Q2 24 | $1.6B | $954.7M |
| Q1 26 | — | $17.4M | ||
| Q4 25 | $-75.3M | $21.7M | ||
| Q3 25 | $9.2M | $19.1M | ||
| Q2 25 | $39.3M | $21.2M | ||
| Q1 25 | $7.1M | $10.3M | ||
| Q4 24 | $-13.7M | $23.9M | ||
| Q3 24 | $10.0M | $14.1M | ||
| Q2 24 | $18.2M | $15.5M |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 10.2% | 24.2% | ||
| Q3 25 | 12.6% | 24.2% | ||
| Q2 25 | 13.1% | 24.6% | ||
| Q1 25 | 12.3% | 23.8% | ||
| Q4 24 | 11.2% | 24.3% | ||
| Q3 24 | 11.4% | 24.1% | ||
| Q2 24 | 13.3% | 24.0% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | -2.4% | 3.8% | ||
| Q3 25 | 3.2% | 3.8% | ||
| Q2 25 | 3.6% | 3.9% | ||
| Q1 25 | 3.0% | 2.4% | ||
| Q4 24 | 2.6% | 4.5% | ||
| Q3 24 | 2.8% | 3.4% | ||
| Q2 24 | 5.3% | 3.5% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | -5.4% | 1.9% | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 2.6% | 2.1% | ||
| Q1 25 | 0.5% | 1.1% | ||
| Q4 24 | -1.0% | 2.3% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | 1.1% | 1.6% |
| Q1 26 | — | $0.40 | ||
| Q4 25 | $-0.62 | $0.50 | ||
| Q3 25 | $0.07 | $0.44 | ||
| Q2 25 | $0.32 | $0.49 | ||
| Q1 25 | $0.06 | $0.25 | ||
| Q4 24 | $-0.11 | $0.56 | ||
| Q3 24 | $0.08 | $0.34 | ||
| Q2 24 | $0.15 | $0.37 |
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 | $122.7M |
| Total DebtLower is stronger | $4.0B | $750.4M |
| Stockholders' EquityBook value | $640.0M | $608.6M |
| Total Assets | $6.7B | $2.0B |
| Debt / EquityLower = less leverage | 6.31× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $122.7M | ||
| Q4 25 | $708.9M | $121.0M | ||
| Q3 25 | $714.1M | $65.1M | ||
| Q2 25 | $586.5M | $96.9M | ||
| Q1 25 | $549.2M | $116.5M | ||
| Q4 24 | $552.9M | $114.7M | ||
| Q3 24 | $542.5M | $50.7M | ||
| Q2 24 | $519.9M | $38.3M |
| Q1 26 | — | $750.4M | ||
| Q4 25 | $4.0B | $720.3M | ||
| Q3 25 | $2.6B | $711.7M | ||
| Q2 25 | $2.6B | $690.2M | ||
| Q1 25 | $2.6B | $681.1M | ||
| Q4 24 | $2.6B | $688.7M | ||
| Q3 24 | $2.6B | $666.6M | ||
| Q2 24 | $2.7B | $660.8M |
| Q1 26 | — | $608.6M | ||
| Q4 25 | $640.0M | $604.3M | ||
| Q3 25 | $718.4M | $576.6M | ||
| Q2 25 | $673.0M | $557.7M | ||
| Q1 25 | $596.3M | $541.6M | ||
| Q4 24 | $562.8M | $537.6M | ||
| Q3 24 | $616.3M | $480.3M | ||
| Q2 24 | $609.6M | $461.9M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $6.7B | $2.0B | ||
| Q3 25 | $5.3B | $1.9B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.1B | $1.8B | ||
| Q4 24 | $5.1B | $1.9B | ||
| Q3 24 | $5.3B | $1.8B | ||
| Q2 24 | $5.3B | $1.7B |
| Q1 26 | — | 1.23× | ||
| Q4 25 | 6.31× | 1.19× | ||
| Q3 25 | 3.61× | 1.23× | ||
| Q2 25 | 3.86× | 1.24× | ||
| Q1 25 | 4.38× | 1.26× | ||
| Q4 24 | 4.58× | 1.28× | ||
| Q3 24 | 4.28× | 1.39× | ||
| Q2 24 | 4.42× | 1.43× |
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 | $38.3M |
| Free Cash FlowOCF − Capex | $54.7M | — |
| FCF MarginFCF / Revenue | 4.0% | — |
| Capex IntensityCapex / Revenue | 4.8% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $38.3M | ||
| Q4 25 | $120.5M | $73.9M | ||
| Q3 25 | $143.3M | $-8.7M | ||
| Q2 25 | $91.9M | $14.5M | ||
| Q1 25 | $55.9M | $49.6M | ||
| Q4 24 | $151.2M | $73.0M | ||
| Q3 24 | $143.6M | $19.8M | ||
| Q2 24 | $142.8M | $29.3M |
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | $65.8M | ||
| Q3 25 | $79.2M | $-19.7M | ||
| Q2 25 | $34.6M | $4.5M | ||
| Q1 25 | $-13.4M | $37.2M | ||
| Q4 24 | $73.2M | $64.6M | ||
| Q3 24 | $70.4M | $11.8M | ||
| Q2 24 | $94.0M | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.8% | ||
| Q3 25 | 5.3% | -1.9% | ||
| Q2 25 | 2.3% | 0.4% | ||
| Q1 25 | -0.9% | 3.9% | ||
| Q4 24 | 5.3% | 6.3% | ||
| Q3 24 | 4.7% | 1.3% | ||
| Q2 24 | 5.8% | 1.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 4.8% | 0.7% | ||
| Q3 25 | 4.3% | 1.1% | ||
| Q2 25 | 3.7% | 1.0% | ||
| Q1 25 | 4.9% | 1.3% | ||
| Q4 24 | 5.6% | 0.8% | ||
| Q3 24 | 4.9% | 0.9% | ||
| Q2 24 | 3.0% | 1.7% |
| Q1 26 | — | 2.20× | ||
| Q4 25 | — | 3.41× | ||
| Q3 25 | 15.58× | -0.46× | ||
| Q2 25 | 2.34× | 0.68× | ||
| Q1 25 | 7.87× | 4.82× | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | 14.36× | 1.41× | ||
| Q2 24 | 7.85× | 1.89× |
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% |
CHEF
Segment breakdown not available.
