vs
Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Fabrinet (FN). 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 $1.1B, roughly 1.2× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs -5.4%, a 15.4% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 0.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% 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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
AXL vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $-75.3M | $112.6M |
| Gross Margin | 10.2% | 12.2% |
| Operating Margin | -2.4% | 10.1% |
| Net Margin | -5.4% | 9.9% |
| Revenue YoY | 0.2% | 35.9% |
| Net Profit YoY | -449.6% | 30.0% |
| EPS (diluted) | $-0.62 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $1.5B | $978.1M | ||
| Q2 25 | $1.5B | $909.7M | ||
| Q1 25 | $1.4B | $871.8M | ||
| Q4 24 | $1.4B | $833.6M | ||
| Q3 24 | $1.5B | $804.2M | ||
| Q2 24 | $1.6B | $753.3M | ||
| Q1 24 | $1.6B | $731.5M |
| Q4 25 | $-75.3M | $112.6M | ||
| Q3 25 | $9.2M | $95.9M | ||
| Q2 25 | $39.3M | $87.2M | ||
| Q1 25 | $7.1M | $81.3M | ||
| Q4 24 | $-13.7M | $86.6M | ||
| Q3 24 | $10.0M | $77.4M | ||
| Q2 24 | $18.2M | $81.1M | ||
| Q1 24 | $20.5M | $80.9M |
| Q4 25 | 10.2% | 12.2% | ||
| Q3 25 | 12.6% | 11.9% | ||
| Q2 25 | 13.1% | 12.2% | ||
| Q1 25 | 12.3% | 11.7% | ||
| Q4 24 | 11.2% | 12.1% | ||
| Q3 24 | 11.4% | 12.3% | ||
| Q2 24 | 13.3% | 12.3% | ||
| Q1 24 | 12.4% | 12.4% |
| Q4 25 | -2.4% | 10.1% | ||
| Q3 25 | 3.2% | 9.6% | ||
| Q2 25 | 3.6% | 9.8% | ||
| Q1 25 | 3.0% | 9.0% | ||
| Q4 24 | 2.6% | 9.5% | ||
| Q3 24 | 2.8% | 9.6% | ||
| Q2 24 | 5.3% | 9.7% | ||
| Q1 24 | 4.8% | 9.7% |
| Q4 25 | -5.4% | 9.9% | ||
| Q3 25 | 0.6% | 9.8% | ||
| Q2 25 | 2.6% | 9.6% | ||
| Q1 25 | 0.5% | 9.3% | ||
| Q4 24 | -1.0% | 10.4% | ||
| Q3 24 | 0.7% | 9.6% | ||
| Q2 24 | 1.1% | 10.8% | ||
| Q1 24 | 1.3% | 11.1% |
| Q4 25 | $-0.62 | $3.11 | ||
| Q3 25 | $0.07 | $2.66 | ||
| Q2 25 | $0.32 | $2.41 | ||
| Q1 25 | $0.06 | $2.25 | ||
| Q4 24 | $-0.11 | $2.38 | ||
| Q3 24 | $0.08 | $2.13 | ||
| Q2 24 | $0.15 | $2.22 | ||
| Q1 24 | $0.17 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $2.2B |
| Total Assets | $6.7B | $3.3B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $960.8M | ||
| Q3 25 | $714.1M | $968.8M | ||
| Q2 25 | $586.5M | $934.2M | ||
| Q1 25 | $549.2M | $950.7M | ||
| Q4 24 | $552.9M | $934.6M | ||
| Q3 24 | $542.5M | $908.9M | ||
| Q2 24 | $519.9M | $858.6M | ||
| Q1 24 | $469.8M | $794.0M |
| 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 | $2.2B | ||
| Q3 25 | $718.4M | $2.1B | ||
| Q2 25 | $673.0M | $2.0B | ||
| Q1 25 | $596.3M | $1.9B | ||
| Q4 24 | $562.8M | $1.8B | ||
| Q3 24 | $616.3M | $1.8B | ||
| Q2 24 | $609.6M | $1.7B | ||
| Q1 24 | $621.4M | $1.7B |
| Q4 25 | $6.7B | $3.3B | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $5.3B | $2.8B | ||
| Q1 25 | $5.1B | $2.6B | ||
| Q4 24 | $5.1B | $2.5B | ||
| Q3 24 | $5.3B | $2.4B | ||
| Q2 24 | $5.3B | $2.3B | ||
| Q1 24 | $5.4B | $2.2B |
| 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 | $46.3M |
| Free Cash FlowOCF − Capex | $54.7M | $-5.3M |
| FCF MarginFCF / Revenue | 4.0% | -0.5% |
| Capex IntensityCapex / Revenue | 4.8% | 4.6% |
| Cash ConversionOCF / Net Profit | — | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $46.3M | ||
| Q3 25 | $143.3M | $102.6M | ||
| Q2 25 | $91.9M | $55.1M | ||
| Q1 25 | $55.9M | $74.2M | ||
| Q4 24 | $151.2M | $115.9M | ||
| Q3 24 | $143.6M | $83.2M | ||
| Q2 24 | $142.8M | $83.1M | ||
| Q1 24 | $17.8M | $100.9M |
| Q4 25 | $54.7M | $-5.3M | ||
| Q3 25 | $79.2M | $57.3M | ||
| Q2 25 | $34.6M | $4.7M | ||
| Q1 25 | $-13.4M | $45.7M | ||
| Q4 24 | $73.2M | $94.0M | ||
| Q3 24 | $70.4M | $62.9M | ||
| Q2 24 | $94.0M | $70.4M | ||
| Q1 24 | $-30.2M | $87.3M |
| Q4 25 | 4.0% | -0.5% | ||
| Q3 25 | 5.3% | 5.9% | ||
| Q2 25 | 2.3% | 0.5% | ||
| Q1 25 | -0.9% | 5.2% | ||
| Q4 24 | 5.3% | 11.3% | ||
| Q3 24 | 4.7% | 7.8% | ||
| Q2 24 | 5.8% | 9.3% | ||
| Q1 24 | -1.9% | 11.9% |
| Q4 25 | 4.8% | 4.6% | ||
| Q3 25 | 4.3% | 4.6% | ||
| Q2 25 | 3.7% | 5.5% | ||
| Q1 25 | 4.9% | 3.3% | ||
| Q4 24 | 5.6% | 2.6% | ||
| Q3 24 | 4.9% | 2.5% | ||
| Q2 24 | 3.0% | 1.7% | ||
| Q1 24 | 3.0% | 1.9% |
| Q4 25 | — | 0.41× | ||
| Q3 25 | 15.58× | 1.07× | ||
| Q2 25 | 2.34× | 0.63× | ||
| Q1 25 | 7.87× | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | 14.36× | 1.07× | ||
| Q2 24 | 7.85× | 1.02× | ||
| Q1 24 | 0.87× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
