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

DraftKings Inc. is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.4× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). DraftKings Inc. runs the higher net margin — 6.9% vs -5.4%, a 12.3% gap on every dollar of revenue. On growth, DraftKings Inc. posted the faster year-over-year revenue change (42.8% vs 0.2%). DraftKings Inc. produced more free cash flow last quarter ($316.5M vs $54.7M). Over the past eight quarters, DraftKings Inc.'s revenue compounded faster (30.1% 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.

DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.

AXL vs DKNG — Head-to-Head

Bigger by revenue
DKNG
DKNG
1.4× larger
DKNG
$2.0B
$1.4B
AXL
Growing faster (revenue YoY)
DKNG
DKNG
+42.6% gap
DKNG
42.8%
0.2%
AXL
Higher net margin
DKNG
DKNG
12.3% more per $
DKNG
6.9%
-5.4%
AXL
More free cash flow
DKNG
DKNG
$261.8M more FCF
DKNG
$316.5M
$54.7M
AXL
Faster 2-yr revenue CAGR
DKNG
DKNG
Annualised
DKNG
30.1%
-7.2%
AXL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXL
AXL
DKNG
DKNG
Revenue
$1.4B
$2.0B
Net Profit
$-75.3M
$136.4M
Gross Margin
10.2%
46.0%
Operating Margin
-2.4%
7.6%
Net Margin
-5.4%
6.9%
Revenue YoY
0.2%
42.8%
Net Profit YoY
-449.6%
201.2%
EPS (diluted)
$-0.62
$0.28

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
DKNG
DKNG
Q4 25
$1.4B
$2.0B
Q3 25
$1.5B
$1.1B
Q2 25
$1.5B
$1.5B
Q1 25
$1.4B
$1.4B
Q4 24
$1.4B
$1.4B
Q3 24
$1.5B
$1.1B
Q2 24
$1.6B
$1.1B
Q1 24
$1.6B
$1.2B
Net Profit
AXL
AXL
DKNG
DKNG
Q4 25
$-75.3M
$136.4M
Q3 25
$9.2M
$-256.8M
Q2 25
$39.3M
$157.9M
Q1 25
$7.1M
$-33.9M
Q4 24
$-13.7M
$-134.9M
Q3 24
$10.0M
$-293.7M
Q2 24
$18.2M
$63.8M
Q1 24
$20.5M
$-142.6M
Gross Margin
AXL
AXL
DKNG
DKNG
Q4 25
10.2%
46.0%
Q3 25
12.6%
31.5%
Q2 25
13.1%
43.5%
Q1 25
12.3%
40.1%
Q4 24
11.2%
40.1%
Q3 24
11.4%
32.2%
Q2 24
13.3%
39.9%
Q1 24
12.4%
39.6%
Operating Margin
AXL
AXL
DKNG
DKNG
Q4 25
-2.4%
7.6%
Q3 25
3.2%
-23.8%
Q2 25
3.6%
10.0%
Q1 25
3.0%
-3.3%
Q4 24
2.6%
-10.0%
Q3 24
2.8%
-27.3%
Q2 24
5.3%
-2.9%
Q1 24
4.8%
-11.8%
Net Margin
AXL
AXL
DKNG
DKNG
Q4 25
-5.4%
6.9%
Q3 25
0.6%
-22.4%
Q2 25
2.6%
10.4%
Q1 25
0.5%
-2.4%
Q4 24
-1.0%
-9.7%
Q3 24
0.7%
-26.8%
Q2 24
1.1%
5.8%
Q1 24
1.3%
-12.1%
EPS (diluted)
AXL
AXL
DKNG
DKNG
Q4 25
$-0.62
$0.28
Q3 25
$0.07
$-0.52
Q2 25
$0.32
$0.30
Q1 25
$0.06
$-0.07
Q4 24
$-0.11
$-0.25
Q3 24
$0.08
$-0.60
Q2 24
$0.15
$0.10
Q1 24
$0.17
$-0.30

Balance Sheet & Financial Strength

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

Metric
AXL
AXL
DKNG
DKNG
Cash + ST InvestmentsLiquidity on hand
$708.9M
$1.1B
Total DebtLower is stronger
$4.0B
Stockholders' EquityBook value
$640.0M
$631.5M
Total Assets
$6.7B
$4.5B
Debt / EquityLower = less leverage
6.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXL
AXL
DKNG
DKNG
Q4 25
$708.9M
$1.1B
Q3 25
$714.1M
$1.2B
Q2 25
$586.5M
$1.3B
Q1 25
$549.2M
$1.1B
Q4 24
$552.9M
$788.3M
Q3 24
$542.5M
$877.8M
Q2 24
$519.9M
$815.9M
Q1 24
$469.8M
$1.2B
Total Debt
AXL
AXL
DKNG
DKNG
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
Stockholders' Equity
AXL
AXL
DKNG
DKNG
Q4 25
$640.0M
$631.5M
Q3 25
$718.4M
$732.3M
Q2 25
$673.0M
$1.0B
Q1 25
$596.3M
$872.9M
Q4 24
$562.8M
$1.0B
Q3 24
$616.3M
$1.1B
Q2 24
$609.6M
$1.3B
Q1 24
$621.4M
$831.0M
Total Assets
AXL
AXL
DKNG
DKNG
Q4 25
$6.7B
$4.5B
Q3 25
$5.3B
$4.6B
Q2 25
$5.3B
$4.5B
Q1 25
$5.1B
$4.5B
Q4 24
$5.1B
$4.3B
Q3 24
$5.3B
$4.3B
Q2 24
$5.3B
$4.2B
Q1 24
$5.4B
$3.8B
Debt / Equity
AXL
AXL
DKNG
DKNG
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
AXL
AXL
DKNG
DKNG
Operating Cash FlowLast quarter
$120.5M
$320.5M
Free Cash FlowOCF − Capex
$54.7M
$316.5M
FCF MarginFCF / Revenue
4.0%
15.9%
Capex IntensityCapex / Revenue
4.8%
0.2%
Cash ConversionOCF / Net Profit
2.35×
TTM Free Cash FlowTrailing 4 quarters
$155.1M
$647.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXL
AXL
DKNG
DKNG
Q4 25
$120.5M
$320.5M
Q3 25
$143.3M
$287.5M
Q2 25
$91.9M
$173.9M
Q1 25
$55.9M
$-119.0M
Q4 24
$151.2M
$325.2M
Q3 24
$143.6M
$133.6M
Q2 24
$142.8M
$29.4M
Q1 24
$17.8M
$-70.4M
Free Cash Flow
AXL
AXL
DKNG
DKNG
Q4 25
$54.7M
$316.5M
Q3 25
$79.2M
$283.0M
Q2 25
$34.6M
$169.6M
Q1 25
$-13.4M
$-121.7M
Q4 24
$73.2M
$323.2M
Q3 24
$70.4M
$130.9M
Q2 24
$94.0M
$27.0M
Q1 24
$-30.2M
$-73.4M
FCF Margin
AXL
AXL
DKNG
DKNG
Q4 25
4.0%
15.9%
Q3 25
5.3%
24.7%
Q2 25
2.3%
11.2%
Q1 25
-0.9%
-8.6%
Q4 24
5.3%
23.2%
Q3 24
4.7%
11.9%
Q2 24
5.8%
2.4%
Q1 24
-1.9%
-6.2%
Capex Intensity
AXL
AXL
DKNG
DKNG
Q4 25
4.8%
0.2%
Q3 25
4.3%
0.4%
Q2 25
3.7%
0.3%
Q1 25
4.9%
0.2%
Q4 24
5.6%
0.1%
Q3 24
4.9%
0.2%
Q2 24
3.0%
0.2%
Q1 24
3.0%
0.3%
Cash Conversion
AXL
AXL
DKNG
DKNG
Q4 25
2.35×
Q3 25
15.58×
Q2 25
2.34×
1.10×
Q1 25
7.87×
Q4 24
Q3 24
14.36×
Q2 24
7.85×
0.46×
Q1 24
0.87×

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%

DKNG
DKNG

Sportsbook$1.4B68%
I Gaming$500.2M25%
Other$137.9M7%

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