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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Equity Residential (EQR). 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 $781.9M, roughly 1.8× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs -5.4%, a 54.3% gap on every dollar of revenue. On growth, Equity Residential posted the faster year-over-year revenue change (2.0% vs 0.2%). Over the past eight quarters, Equity Residential's revenue compounded faster (3.4% 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.

Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.

AXL vs EQR — Head-to-Head

Bigger by revenue
AXL
AXL
1.8× larger
AXL
$1.4B
$781.9M
EQR
Growing faster (revenue YoY)
EQR
EQR
+1.7% gap
EQR
2.0%
0.2%
AXL
Higher net margin
EQR
EQR
54.3% more per $
EQR
48.9%
-5.4%
AXL
Faster 2-yr revenue CAGR
EQR
EQR
Annualised
EQR
3.4%
-7.2%
AXL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXL
AXL
EQR
EQR
Revenue
$1.4B
$781.9M
Net Profit
$-75.3M
$382.1M
Gross Margin
10.2%
Operating Margin
-2.4%
50.6%
Net Margin
-5.4%
48.9%
Revenue YoY
0.2%
2.0%
Net Profit YoY
-449.6%
-8.8%
EPS (diluted)
$-0.62
$1.01

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
EQR
EQR
Q4 25
$1.4B
$781.9M
Q3 25
$1.5B
$782.4M
Q2 25
$1.5B
$768.8M
Q1 25
$1.4B
$760.8M
Q4 24
$1.4B
$766.8M
Q3 24
$1.5B
$748.3M
Q2 24
$1.6B
$734.2M
Q1 24
$1.6B
$730.8M
Net Profit
AXL
AXL
EQR
EQR
Q4 25
$-75.3M
$382.1M
Q3 25
$9.2M
$289.1M
Q2 25
$39.3M
$192.4M
Q1 25
$7.1M
$256.6M
Q4 24
$-13.7M
$419.1M
Q3 24
$10.0M
$143.4M
Q2 24
$18.2M
$177.5M
Q1 24
$20.5M
$295.8M
Gross Margin
AXL
AXL
EQR
EQR
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%
Operating Margin
AXL
AXL
EQR
EQR
Q4 25
-2.4%
50.6%
Q3 25
3.2%
38.5%
Q2 25
3.6%
26.6%
Q1 25
3.0%
35.7%
Q4 24
2.6%
57.2%
Q3 24
2.8%
20.1%
Q2 24
5.3%
25.3%
Q1 24
4.8%
42.0%
Net Margin
AXL
AXL
EQR
EQR
Q4 25
-5.4%
48.9%
Q3 25
0.6%
36.9%
Q2 25
2.6%
25.0%
Q1 25
0.5%
33.7%
Q4 24
-1.0%
54.7%
Q3 24
0.7%
19.2%
Q2 24
1.1%
24.2%
Q1 24
1.3%
40.5%
EPS (diluted)
AXL
AXL
EQR
EQR
Q4 25
$-0.62
$1.01
Q3 25
$0.07
$0.76
Q2 25
$0.32
$0.50
Q1 25
$0.06
$0.67
Q4 24
$-0.11
$1.10
Q3 24
$0.08
$0.38
Q2 24
$0.15
$0.47
Q1 24
$0.17
$0.77

Balance Sheet & Financial Strength

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

Metric
AXL
AXL
EQR
EQR
Cash + ST InvestmentsLiquidity on hand
$708.9M
$55.9M
Total DebtLower is stronger
$4.0B
$8.2B
Stockholders' EquityBook value
$640.0M
$11.0B
Total Assets
$6.7B
$20.7B
Debt / EquityLower = less leverage
6.31×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXL
AXL
EQR
EQR
Q4 25
$708.9M
$55.9M
Q3 25
$714.1M
$93.1M
Q2 25
$586.5M
$31.3M
Q1 25
$549.2M
$39.8M
Q4 24
$552.9M
$62.3M
Q3 24
$542.5M
$28.6M
Q2 24
$519.9M
$38.3M
Q1 24
$469.8M
$44.5M
Total Debt
AXL
AXL
EQR
EQR
Q4 25
$4.0B
$8.2B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
$8.2B
Q3 24
$2.6B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
AXL
AXL
EQR
EQR
Q4 25
$640.0M
$11.0B
Q3 25
$718.4M
$11.1B
Q2 25
$673.0M
$11.0B
Q1 25
$596.3M
$11.0B
Q4 24
$562.8M
$11.0B
Q3 24
$616.3M
$10.9B
Q2 24
$609.6M
$11.0B
Q1 24
$621.4M
$11.1B
Total Assets
AXL
AXL
EQR
EQR
Q4 25
$6.7B
$20.7B
Q3 25
$5.3B
$21.1B
Q2 25
$5.3B
$21.0B
Q1 25
$5.1B
$20.6B
Q4 24
$5.1B
$20.8B
Q3 24
$5.3B
$20.9B
Q2 24
$5.3B
$19.8B
Q1 24
$5.4B
$19.9B
Debt / Equity
AXL
AXL
EQR
EQR
Q4 25
6.31×
0.75×
Q3 25
3.61×
Q2 25
3.86×
Q1 25
4.38×
Q4 24
4.58×
0.74×
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
EQR
EQR
Operating Cash FlowLast quarter
$120.5M
$387.0M
Free Cash FlowOCF − Capex
$54.7M
FCF MarginFCF / Revenue
4.0%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$155.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXL
AXL
EQR
EQR
Q4 25
$120.5M
$387.0M
Q3 25
$143.3M
$476.7M
Q2 25
$91.9M
$359.5M
Q1 25
$55.9M
$425.5M
Q4 24
$151.2M
$354.2M
Q3 24
$143.6M
$401.4M
Q2 24
$142.8M
$396.9M
Q1 24
$17.8M
$421.0M
Free Cash Flow
AXL
AXL
EQR
EQR
Q4 25
$54.7M
Q3 25
$79.2M
Q2 25
$34.6M
Q1 25
$-13.4M
Q4 24
$73.2M
Q3 24
$70.4M
Q2 24
$94.0M
Q1 24
$-30.2M
FCF Margin
AXL
AXL
EQR
EQR
Q4 25
4.0%
Q3 25
5.3%
Q2 25
2.3%
Q1 25
-0.9%
Q4 24
5.3%
Q3 24
4.7%
Q2 24
5.8%
Q1 24
-1.9%
Capex Intensity
AXL
AXL
EQR
EQR
Q4 25
4.8%
Q3 25
4.3%
Q2 25
3.7%
Q1 25
4.9%
Q4 24
5.6%
Q3 24
4.9%
Q2 24
3.0%
Q1 24
3.0%
Cash Conversion
AXL
AXL
EQR
EQR
Q4 25
1.01×
Q3 25
15.58×
1.65×
Q2 25
2.34×
1.87×
Q1 25
7.87×
1.66×
Q4 24
0.85×
Q3 24
14.36×
2.80×
Q2 24
7.85×
2.24×
Q1 24
0.87×
1.42×

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%

EQR
EQR

Segment breakdown not available.

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