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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.
GRAPHIC PACKAGING HOLDING CO is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). GRAPHIC PACKAGING HOLDING CO runs the higher net margin — 3.4% vs -5.4%, a 8.8% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs 0.2%). Over the past eight quarters, GRAPHIC PACKAGING HOLDING CO's revenue compounded faster (-3.5% 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.
Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...
AXL vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $-75.3M | $71.0M |
| Gross Margin | 10.2% | 14.1% |
| Operating Margin | -2.4% | 7.4% |
| Net Margin | -5.4% | 3.4% |
| Revenue YoY | 0.2% | 0.2% |
| Net Profit YoY | -449.6% | -48.6% |
| EPS (diluted) | $-0.62 | $0.24 |
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 | $2.1B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B | ||
| Q1 24 | $1.6B | $2.3B |
| Q4 25 | $-75.3M | $71.0M | ||
| Q3 25 | $9.2M | $142.0M | ||
| Q2 25 | $39.3M | $104.0M | ||
| Q1 25 | $7.1M | $127.0M | ||
| Q4 24 | $-13.7M | $138.0M | ||
| Q3 24 | $10.0M | $165.0M | ||
| Q2 24 | $18.2M | $190.0M | ||
| Q1 24 | $20.5M | $165.0M |
| Q4 25 | 10.2% | 14.1% | ||
| Q3 25 | 12.6% | 19.6% | ||
| Q2 25 | 13.1% | 18.7% | ||
| Q1 25 | 12.3% | 20.6% | ||
| Q4 24 | 11.2% | 21.4% | ||
| Q3 24 | 11.4% | 22.3% | ||
| Q2 24 | 13.3% | 21.2% | ||
| Q1 24 | 12.4% | 23.0% |
| Q4 25 | -2.4% | 7.4% | ||
| Q3 25 | 3.2% | 10.7% | ||
| Q2 25 | 3.6% | 8.8% | ||
| Q1 25 | 3.0% | 10.5% | ||
| Q4 24 | 2.6% | 11.4% | ||
| Q3 24 | 2.8% | 12.6% | ||
| Q2 24 | 5.3% | 14.5% | ||
| Q1 24 | 4.8% | 12.4% |
| Q4 25 | -5.4% | 3.4% | ||
| Q3 25 | 0.6% | 6.5% | ||
| Q2 25 | 2.6% | 4.7% | ||
| Q1 25 | 0.5% | 6.0% | ||
| Q4 24 | -1.0% | 6.6% | ||
| Q3 24 | 0.7% | 7.5% | ||
| Q2 24 | 1.1% | 8.5% | ||
| Q1 24 | 1.3% | 7.3% |
| Q4 25 | $-0.62 | $0.24 | ||
| Q3 25 | $0.07 | $0.48 | ||
| Q2 25 | $0.32 | $0.34 | ||
| Q1 25 | $0.06 | $0.42 | ||
| Q4 24 | $-0.11 | $0.46 | ||
| Q3 24 | $0.08 | $0.55 | ||
| Q2 24 | $0.15 | $0.62 | ||
| Q1 24 | $0.17 | $0.53 |
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 | $261.0M |
| Total DebtLower is stronger | $4.0B | $5.0B |
| Stockholders' EquityBook value | $640.0M | $3.3B |
| Total Assets | $6.7B | $11.8B |
| Debt / EquityLower = less leverage | 6.31× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $261.0M | ||
| Q3 25 | $714.1M | $120.0M | ||
| Q2 25 | $586.5M | $120.0M | ||
| Q1 25 | $549.2M | $129.0M | ||
| Q4 24 | $552.9M | $157.0M | ||
| Q3 24 | $542.5M | $126.0M | ||
| Q2 24 | $519.9M | $125.0M | ||
| Q1 24 | $469.8M | $136.0M |
| Q4 25 | $4.0B | $5.0B | ||
| Q3 25 | $2.6B | $5.5B | ||
| Q2 25 | $2.6B | $5.4B | ||
| Q1 25 | $2.6B | $5.7B | ||
| Q4 24 | $2.6B | $5.1B | ||
| Q3 24 | $2.6B | $5.4B | ||
| Q2 24 | $2.7B | $4.9B | ||
| Q1 24 | $2.7B | $4.9B |
| Q4 25 | $640.0M | $3.3B | ||
| Q3 25 | $718.4M | $3.3B | ||
| Q2 25 | $673.0M | $3.2B | ||
| Q1 25 | $596.3M | $3.2B | ||
| Q4 24 | $562.8M | $3.0B | ||
| Q3 24 | $616.3M | $3.0B | ||
| Q2 24 | $609.6M | $2.8B | ||
| Q1 24 | $621.4M | $2.9B |
| Q4 25 | $6.7B | $11.8B | ||
| Q3 25 | $5.3B | $11.9B | ||
| Q2 25 | $5.3B | $11.8B | ||
| Q1 25 | $5.1B | $11.5B | ||
| Q4 24 | $5.1B | $11.1B | ||
| Q3 24 | $5.3B | $11.2B | ||
| Q2 24 | $5.3B | $10.8B | ||
| Q1 24 | $5.4B | $11.3B |
| Q4 25 | 6.31× | 1.51× | ||
| Q3 25 | 3.61× | 1.67× | ||
| Q2 25 | 3.86× | 1.68× | ||
| Q1 25 | 4.38× | 1.80× | ||
| Q4 24 | 4.58× | 1.71× | ||
| Q3 24 | 4.28× | 1.79× | ||
| Q2 24 | 4.42× | 1.75× | ||
| Q1 24 | 4.40× | 1.73× |
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 | $521.0M |
| Free Cash FlowOCF − Capex | $54.7M | — |
| FCF MarginFCF / Revenue | 4.0% | — |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | — | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $521.0M | ||
| Q3 25 | $143.3M | $227.0M | ||
| Q2 25 | $91.9M | $267.0M | ||
| Q1 25 | $55.9M | $-174.0M | ||
| Q4 24 | $151.2M | $489.0M | ||
| Q3 24 | $143.6M | $187.0M | ||
| Q2 24 | $142.8M | $161.0M | ||
| Q1 24 | $17.8M | $3.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 7.34× | ||
| Q3 25 | 15.58× | 1.60× | ||
| Q2 25 | 2.34× | 2.57× | ||
| Q1 25 | 7.87× | -1.37× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | 14.36× | 1.13× | ||
| Q2 24 | 7.85× | 0.85× | ||
| Q1 24 | 0.87× | 0.02× |
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% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
