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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Dexcom (DXCM). 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 $1.3B, roughly 1.1× Dexcom). Dexcom runs the higher net margin — 21.2% vs -5.4%, a 26.7% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs 0.2%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% 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.
Dexcom, Inc. is an American multinational healthcare company that develops, manufactures, produces and distributes a line of continuous glucose monitoring (CGM) systems for diabetes management. It operates internationally with global headquarters and R&D center in San Diego, California, U.S.A. and manufacturing facilities in Mesa, Arizona, U.S.A.; Batu Kawan, Malaysia and Athenry, County Galway, Ireland.
AXL vs DXCM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Net Profit | $-75.3M | $267.3M |
| Gross Margin | 10.2% | 62.9% |
| Operating Margin | -2.4% | 25.6% |
| Net Margin | -5.4% | 21.2% |
| Revenue YoY | 0.2% | 21.6% |
| Net Profit YoY | -449.6% | 153.6% |
| EPS (diluted) | $-0.62 | $0.67 |
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 | — | $1.3B | ||
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.5B | $994.2M | ||
| Q2 24 | $1.6B | $1.0B |
| Q1 26 | — | $267.3M | ||
| Q4 25 | $-75.3M | $267.3M | ||
| Q3 25 | $9.2M | $283.8M | ||
| Q2 25 | $39.3M | $179.8M | ||
| Q1 25 | $7.1M | $105.4M | ||
| Q4 24 | $-13.7M | $151.7M | ||
| Q3 24 | $10.0M | $134.6M | ||
| Q2 24 | $18.2M | $143.5M |
| Q1 26 | — | 62.9% | ||
| Q4 25 | 10.2% | 62.9% | ||
| Q3 25 | 12.6% | 60.5% | ||
| Q2 25 | 13.1% | 59.5% | ||
| Q1 25 | 12.3% | 56.9% | ||
| Q4 24 | 11.2% | 58.9% | ||
| Q3 24 | 11.4% | 59.7% | ||
| Q2 24 | 13.3% | 62.4% |
| Q1 26 | — | 25.6% | ||
| Q4 25 | -2.4% | 25.6% | ||
| Q3 25 | 3.2% | 20.1% | ||
| Q2 25 | 3.6% | 18.4% | ||
| Q1 25 | 3.0% | 12.9% | ||
| Q4 24 | 2.6% | 17.0% | ||
| Q3 24 | 2.8% | 15.3% | ||
| Q2 24 | 5.3% | 15.7% |
| Q1 26 | — | 21.2% | ||
| Q4 25 | -5.4% | 21.2% | ||
| Q3 25 | 0.6% | 23.5% | ||
| Q2 25 | 2.6% | 15.5% | ||
| Q1 25 | 0.5% | 10.2% | ||
| Q4 24 | -1.0% | 13.6% | ||
| Q3 24 | 0.7% | 13.5% | ||
| Q2 24 | 1.1% | 14.3% |
| Q1 26 | — | $0.67 | ||
| Q4 25 | $-0.62 | $0.67 | ||
| Q3 25 | $0.07 | $0.70 | ||
| Q2 25 | $0.32 | $0.45 | ||
| Q1 25 | $0.06 | $0.27 | ||
| Q4 24 | $-0.11 | $0.37 | ||
| Q3 24 | $0.08 | $0.34 | ||
| Q2 24 | $0.15 | $0.35 |
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 | $917.7M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $2.7B |
| Total Assets | $6.7B | $6.3B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $917.7M | ||
| Q4 25 | $708.9M | $917.7M | ||
| Q3 25 | $714.1M | $1.8B | ||
| Q2 25 | $586.5M | $1.2B | ||
| Q1 25 | $549.2M | $904.9M | ||
| Q4 24 | $552.9M | $606.1M | ||
| Q3 24 | $542.5M | $621.2M | ||
| Q2 24 | $519.9M | $939.2M |
| 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 | — | $2.7B | ||
| Q4 25 | $640.0M | $2.7B | ||
| Q3 25 | $718.4M | $2.7B | ||
| Q2 25 | $673.0M | $2.6B | ||
| Q1 25 | $596.3M | $2.3B | ||
| Q4 24 | $562.8M | $2.1B | ||
| Q3 24 | $616.3M | $2.0B | ||
| Q2 24 | $609.6M | $2.4B |
| Q1 26 | — | $6.3B | ||
| Q4 25 | $6.7B | $6.3B | ||
| Q3 25 | $5.3B | $7.5B | ||
| Q2 25 | $5.3B | $7.3B | ||
| Q1 25 | $5.1B | $6.8B | ||
| Q4 24 | $5.1B | $6.5B | ||
| Q3 24 | $5.3B | $6.4B | ||
| Q2 24 | $5.3B | $6.8B |
| 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% | — |
| 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 | $294.0M | ||
| Q3 25 | $143.3M | $659.9M | ||
| Q2 25 | $91.9M | $303.0M | ||
| Q1 25 | $55.9M | $183.8M | ||
| Q4 24 | $151.2M | $301.4M | ||
| Q3 24 | $143.6M | $199.5M | ||
| Q2 24 | $142.8M | $279.4M |
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | $192.1M | ||
| Q3 25 | $79.2M | $579.4M | ||
| Q2 25 | $34.6M | $208.9M | ||
| Q1 25 | $-13.4M | $96.8M | ||
| Q4 24 | $73.2M | $176.8M | ||
| Q3 24 | $70.4M | $88.3M | ||
| Q2 24 | $94.0M | $213.3M |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 15.3% | ||
| Q3 25 | 5.3% | 47.9% | ||
| Q2 25 | 2.3% | 18.1% | ||
| Q1 25 | -0.9% | 9.3% | ||
| Q4 24 | 5.3% | 15.9% | ||
| Q3 24 | 4.7% | 8.9% | ||
| Q2 24 | 5.8% | 21.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 8.1% | ||
| Q3 25 | 4.3% | 6.7% | ||
| Q2 25 | 3.7% | 8.1% | ||
| Q1 25 | 4.9% | 8.4% | ||
| Q4 24 | 5.6% | 11.2% | ||
| Q3 24 | 4.9% | 11.2% | ||
| Q2 24 | 3.0% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.10× | ||
| Q3 25 | 15.58× | 2.33× | ||
| Q2 25 | 2.34× | 1.69× | ||
| Q1 25 | 7.87× | 1.74× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | 14.36× | 1.48× | ||
| Q2 24 | 7.85× | 1.95× |
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% |
DXCM
Segment breakdown not available.
