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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Circle Internet Group, Inc. (CRCL). 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 $739.8M, roughly 1.9× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs -5.4%, a 34.4% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 0.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $-14.7M).
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
AXL vs CRCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $739.8M |
| Net Profit | $-75.3M | $214.4M |
| Gross Margin | 10.2% | — |
| Operating Margin | -2.4% | 11.0% |
| Net Margin | -5.4% | 29.0% |
| Revenue YoY | 0.2% | 5113.5% |
| Net Profit YoY | -449.6% | 202.0% |
| EPS (diluted) | $-0.62 | $0.64 |
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 | — | ||
| Q3 25 | $1.5B | $739.8M | ||
| Q2 25 | $1.5B | $658.1M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | $6.8M | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $-75.3M | — | ||
| Q3 25 | $9.2M | $214.4M | ||
| Q2 25 | $39.3M | $-482.1M | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $-13.7M | — | ||
| Q3 24 | $10.0M | — | ||
| Q2 24 | $18.2M | $32.9M | ||
| Q1 24 | $20.5M | — |
| 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% | 11.0% | ||
| Q2 25 | 3.6% | -49.5% | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 4.8% | — |
| Q4 25 | -5.4% | — | ||
| Q3 25 | 0.6% | 29.0% | ||
| Q2 25 | 2.6% | -73.3% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.1% | 486.5% | ||
| Q1 24 | 1.3% | — |
| Q4 25 | $-0.62 | — | ||
| Q3 25 | $0.07 | $0.64 | ||
| Q2 25 | $0.32 | $-4.48 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.15 | $0.00 | ||
| Q1 24 | $0.17 | — |
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 | $1.3B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $3.0B |
| Total Assets | $6.7B | $76.8B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | — | ||
| Q3 25 | $714.1M | $1.3B | ||
| Q2 25 | $586.5M | $1.1B | ||
| Q1 25 | $549.2M | — | ||
| Q4 24 | $552.9M | — | ||
| Q3 24 | $542.5M | — | ||
| Q2 24 | $519.9M | $457.5M | ||
| Q1 24 | $469.8M | — |
| 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 | — | ||
| Q3 25 | $718.4M | $3.0B | ||
| Q2 25 | $673.0M | $2.4B | ||
| Q1 25 | $596.3M | — | ||
| Q4 24 | $562.8M | — | ||
| Q3 24 | $616.3M | — | ||
| Q2 24 | $609.6M | $460.9M | ||
| Q1 24 | $621.4M | — |
| Q4 25 | $6.7B | — | ||
| Q3 25 | $5.3B | $76.8B | ||
| Q2 25 | $5.3B | $64.2B | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.4B | — |
| 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 | $-10.7M |
| Free Cash FlowOCF − Capex | $54.7M | $-14.7M |
| FCF MarginFCF / Revenue | 4.0% | -2.0% |
| Capex IntensityCapex / Revenue | 4.8% | 0.5% |
| Cash ConversionOCF / Net Profit | — | -0.05× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | — | ||
| Q3 25 | $143.3M | $-10.7M | ||
| Q2 25 | $91.9M | $303.7M | ||
| Q1 25 | $55.9M | — | ||
| Q4 24 | $151.2M | — | ||
| Q3 24 | $143.6M | — | ||
| Q2 24 | $142.8M | — | ||
| Q1 24 | $17.8M | — |
| Q4 25 | $54.7M | — | ||
| Q3 25 | $79.2M | $-14.7M | ||
| Q2 25 | $34.6M | $296.3M | ||
| Q1 25 | $-13.4M | — | ||
| Q4 24 | $73.2M | — | ||
| Q3 24 | $70.4M | — | ||
| Q2 24 | $94.0M | — | ||
| Q1 24 | $-30.2M | — |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.3% | -2.0% | ||
| Q2 25 | 2.3% | 45.0% | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -1.9% | — |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.3% | 0.5% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | -0.05× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | — | ||
| Q1 24 | 0.87× | — |
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% |
CRCL
Segment breakdown not available.
