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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and F5, Inc. (FFIV). 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 $822.5M, roughly 1.7× F5, Inc.). F5, Inc. runs the higher net margin — 21.9% vs -5.4%, a 27.3% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (7.3% vs 0.2%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $54.7M). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% 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.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
AXL vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $822.5M |
| Net Profit | $-75.3M | $180.1M |
| Gross Margin | 10.2% | 81.5% |
| Operating Margin | -2.4% | 26.0% |
| Net Margin | -5.4% | 21.9% |
| Revenue YoY | 0.2% | 7.3% |
| Net Profit YoY | -449.6% | 8.2% |
| EPS (diluted) | $-0.62 | $3.10 |
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 | $822.5M | ||
| Q3 25 | $1.5B | $810.1M | ||
| Q2 25 | $1.5B | $780.4M | ||
| Q1 25 | $1.4B | $731.1M | ||
| Q4 24 | $1.4B | $766.5M | ||
| Q3 24 | $1.5B | $746.7M | ||
| Q2 24 | $1.6B | $695.5M | ||
| Q1 24 | $1.6B | $681.4M |
| Q4 25 | $-75.3M | $180.1M | ||
| Q3 25 | $9.2M | $190.5M | ||
| Q2 25 | $39.3M | $189.9M | ||
| Q1 25 | $7.1M | $145.5M | ||
| Q4 24 | $-13.7M | $166.4M | ||
| Q3 24 | $10.0M | $165.3M | ||
| Q2 24 | $18.2M | $144.1M | ||
| Q1 24 | $20.5M | $119.0M |
| Q4 25 | 10.2% | 81.5% | ||
| Q3 25 | 12.6% | 82.2% | ||
| Q2 25 | 13.1% | 81.0% | ||
| Q1 25 | 12.3% | 80.7% | ||
| Q4 24 | 11.2% | 81.7% | ||
| Q3 24 | 11.4% | 80.8% | ||
| Q2 24 | 13.3% | 80.4% | ||
| Q1 24 | 12.4% | 79.3% |
| Q4 25 | -2.4% | 26.0% | ||
| Q3 25 | 3.2% | 25.4% | ||
| Q2 25 | 3.6% | 25.2% | ||
| Q1 25 | 3.0% | 21.7% | ||
| Q4 24 | 2.6% | 26.8% | ||
| Q3 24 | 2.8% | 25.6% | ||
| Q2 24 | 5.3% | 23.4% | ||
| Q1 24 | 4.8% | 20.5% |
| Q4 25 | -5.4% | 21.9% | ||
| Q3 25 | 0.6% | 23.5% | ||
| Q2 25 | 2.6% | 24.3% | ||
| Q1 25 | 0.5% | 19.9% | ||
| Q4 24 | -1.0% | 21.7% | ||
| Q3 24 | 0.7% | 22.1% | ||
| Q2 24 | 1.1% | 20.7% | ||
| Q1 24 | 1.3% | 17.5% |
| Q4 25 | $-0.62 | $3.10 | ||
| Q3 25 | $0.07 | $3.25 | ||
| Q2 25 | $0.32 | $3.25 | ||
| Q1 25 | $0.06 | $2.48 | ||
| Q4 24 | $-0.11 | $2.82 | ||
| Q3 24 | $0.08 | $2.79 | ||
| Q2 24 | $0.15 | $2.44 | ||
| Q1 24 | $0.17 | $2.00 |
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 | $1.2B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $3.5B |
| Total Assets | $6.7B | $6.3B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $1.2B | ||
| Q3 25 | $714.1M | $1.3B | ||
| Q2 25 | $586.5M | $1.4B | ||
| Q1 25 | $549.2M | $1.3B | ||
| Q4 24 | $552.9M | $1.2B | ||
| Q3 24 | $542.5M | $1.1B | ||
| Q2 24 | $519.9M | $935.6M | ||
| Q1 24 | $469.8M | $903.5M |
| 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 | $3.5B | ||
| Q3 25 | $718.4M | $3.6B | ||
| Q2 25 | $673.0M | $3.5B | ||
| Q1 25 | $596.3M | $3.3B | ||
| Q4 24 | $562.8M | $3.2B | ||
| Q3 24 | $616.3M | $3.1B | ||
| Q2 24 | $609.6M | $3.0B | ||
| Q1 24 | $621.4M | $2.9B |
| Q4 25 | $6.7B | $6.3B | ||
| Q3 25 | $5.3B | $6.3B | ||
| Q2 25 | $5.3B | $6.1B | ||
| Q1 25 | $5.1B | $5.9B | ||
| Q4 24 | $5.1B | $5.9B | ||
| Q3 24 | $5.3B | $5.6B | ||
| Q2 24 | $5.3B | $5.4B | ||
| Q1 24 | $5.4B | $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 | $159.2M |
| Free Cash FlowOCF − Capex | $54.7M | $149.5M |
| FCF MarginFCF / Revenue | 4.0% | 18.2% |
| Capex IntensityCapex / Revenue | 4.8% | 1.2% |
| Cash ConversionOCF / Net Profit | — | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $861.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $159.2M | ||
| Q3 25 | $143.3M | $208.1M | ||
| Q2 25 | $91.9M | $282.2M | ||
| Q1 25 | $55.9M | $256.6M | ||
| Q4 24 | $151.2M | $202.8M | ||
| Q3 24 | $143.6M | $246.5M | ||
| Q2 24 | $142.8M | $159.0M | ||
| Q1 24 | $17.8M | $221.6M |
| Q4 25 | $54.7M | $149.5M | ||
| Q3 25 | $79.2M | $191.9M | ||
| Q2 25 | $34.6M | $273.7M | ||
| Q1 25 | $-13.4M | $246.1M | ||
| Q4 24 | $73.2M | $194.7M | ||
| Q3 24 | $70.4M | $240.4M | ||
| Q2 24 | $94.0M | $153.1M | ||
| Q1 24 | $-30.2M | $212.2M |
| Q4 25 | 4.0% | 18.2% | ||
| Q3 25 | 5.3% | 23.7% | ||
| Q2 25 | 2.3% | 35.1% | ||
| Q1 25 | -0.9% | 33.7% | ||
| Q4 24 | 5.3% | 25.4% | ||
| Q3 24 | 4.7% | 32.2% | ||
| Q2 24 | 5.8% | 22.0% | ||
| Q1 24 | -1.9% | 31.1% |
| Q4 25 | 4.8% | 1.2% | ||
| Q3 25 | 4.3% | 2.0% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 4.9% | 1.4% | ||
| Q4 24 | 5.6% | 1.1% | ||
| Q3 24 | 4.9% | 0.8% | ||
| Q2 24 | 3.0% | 0.8% | ||
| Q1 24 | 3.0% | 1.4% |
| Q4 25 | — | 0.88× | ||
| Q3 25 | 15.58× | 1.09× | ||
| Q2 25 | 2.34× | 1.49× | ||
| Q1 25 | 7.87× | 1.76× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | 14.36× | 1.49× | ||
| Q2 24 | 7.85× | 1.10× | ||
| Q1 24 | 0.87× | 1.86× |
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% |
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
