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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Hudbay Minerals Inc. (HBM). Click either name above to swap in a different company.

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.5× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). Hudbay Minerals Inc. runs the higher net margin — 3.4% vs -5.4%, a 8.8% gap on every dollar of revenue.

American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.

Hudbay Minerals Inc. is a Canadian mining company that produces copper, gold, silver, zinc, and molybdenum. In 2024, the company produced 137,943 tonnes of copper, 332,240 ounces of gold, 3,983,851 ounces of silver, 33,339 tonnes of zinc, and 1,323 tonnes of molybdenum. In 2024, copper sales represented 57% of revenue, gold sales represented 33% of revenue, and zinc sales represented 4% of revenue.

AXL vs HBM — Head-to-Head

Bigger by revenue
HBM
HBM
1.5× larger
HBM
$2.0B
$1.4B
AXL
Higher net margin
HBM
HBM
8.8% more per $
HBM
3.4%
-5.4%
AXL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXL
AXL
HBM
HBM
Revenue
$1.4B
$2.0B
Net Profit
$-75.3M
$67.8M
Gross Margin
10.2%
27.4%
Operating Margin
-2.4%
Net Margin
-5.4%
3.4%
Revenue YoY
0.2%
Net Profit YoY
-449.6%
EPS (diluted)
$-0.62

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
HBM
HBM
Q1 26
$2.0B
Q4 25
$1.4B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
$525.0M
Q4 24
$1.4B
$1.4B
Q3 24
$1.5B
Q2 24
$1.6B
Net Profit
AXL
AXL
HBM
HBM
Q1 26
$67.8M
Q4 25
$-75.3M
Q3 25
$9.2M
Q2 25
$39.3M
Q1 25
$7.1M
$18.5M
Q4 24
$-13.7M
Q3 24
$10.0M
Q2 24
$18.2M
Gross Margin
AXL
AXL
HBM
HBM
Q1 26
27.4%
Q4 25
10.2%
Q3 25
12.6%
Q2 25
13.1%
Q1 25
12.3%
29.0%
Q4 24
11.2%
Q3 24
11.4%
Q2 24
13.3%
Operating Margin
AXL
AXL
HBM
HBM
Q1 26
Q4 25
-2.4%
Q3 25
3.2%
Q2 25
3.6%
Q1 25
3.0%
Q4 24
2.6%
Q3 24
2.8%
Q2 24
5.3%
Net Margin
AXL
AXL
HBM
HBM
Q1 26
3.4%
Q4 25
-5.4%
Q3 25
0.6%
Q2 25
2.6%
Q1 25
0.5%
3.5%
Q4 24
-1.0%
Q3 24
0.7%
Q2 24
1.1%
EPS (diluted)
AXL
AXL
HBM
HBM
Q1 26
Q4 25
$-0.62
Q3 25
$0.07
Q2 25
$0.32
Q1 25
$0.06
Q4 24
$-0.11
Q3 24
$0.08
Q2 24
$0.15

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXL
AXL
HBM
HBM
Q1 26
Q4 25
$708.9M
Q3 25
$714.1M
Q2 25
$586.5M
Q1 25
$549.2M
Q4 24
$552.9M
Q3 24
$542.5M
Q2 24
$519.9M
Total Debt
AXL
AXL
HBM
HBM
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
Stockholders' Equity
AXL
AXL
HBM
HBM
Q1 26
Q4 25
$640.0M
Q3 25
$718.4M
Q2 25
$673.0M
Q1 25
$596.3M
Q4 24
$562.8M
Q3 24
$616.3M
Q2 24
$609.6M
Total Assets
AXL
AXL
HBM
HBM
Q1 26
Q4 25
$6.7B
Q3 25
$5.3B
Q2 25
$5.3B
Q1 25
$5.1B
Q4 24
$5.1B
Q3 24
$5.3B
Q2 24
$5.3B
Debt / Equity
AXL
AXL
HBM
HBM
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
AXL
AXL
HBM
HBM
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.

Operating Cash Flow
AXL
AXL
HBM
HBM
Q1 26
Q4 25
$120.5M
Q3 25
$143.3M
Q2 25
$91.9M
Q1 25
$55.9M
Q4 24
$151.2M
Q3 24
$143.6M
Q2 24
$142.8M
Free Cash Flow
AXL
AXL
HBM
HBM
Q1 26
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
FCF Margin
AXL
AXL
HBM
HBM
Q1 26
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%
Capex Intensity
AXL
AXL
HBM
HBM
Q1 26
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%
Cash Conversion
AXL
AXL
HBM
HBM
Q1 26
Q4 25
Q3 25
15.58×
Q2 25
2.34×
Q1 25
7.87×
Q4 24
Q3 24
14.36×
Q2 24
7.85×

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%

HBM
HBM

Segment breakdown not available.

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