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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and JANUS HENDERSON GROUP PLC (JHG). 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× JANUS HENDERSON GROUP PLC). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs -5.4%, a 40.7% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 0.2%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $54.7M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% 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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
AXL vs JHG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $-75.3M | $403.2M |
| Gross Margin | 10.2% | — |
| Operating Margin | -2.4% | 42.7% |
| Net Margin | -5.4% | 35.3% |
| Revenue YoY | 0.2% | 61.3% |
| Net Profit YoY | -449.6% | 231.0% |
| EPS (diluted) | $-0.62 | $2.59 |
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 | $700.4M | ||
| Q2 25 | $1.5B | $633.2M | ||
| Q1 25 | $1.4B | $621.4M | ||
| Q4 24 | $1.4B | $708.3M | ||
| Q3 24 | $1.5B | $624.8M | ||
| Q2 24 | $1.6B | $588.4M | ||
| Q1 24 | $1.6B | $551.7M |
| Q4 25 | $-75.3M | $403.2M | ||
| Q3 25 | $9.2M | $142.1M | ||
| Q2 25 | $39.3M | $149.9M | ||
| Q1 25 | $7.1M | $120.7M | ||
| Q4 24 | $-13.7M | $121.8M | ||
| Q3 24 | $10.0M | $27.3M | ||
| Q2 24 | $18.2M | $129.7M | ||
| Q1 24 | $20.5M | $130.1M |
| 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% | — |
| Q4 25 | -2.4% | 42.7% | ||
| Q3 25 | 3.2% | 24.6% | ||
| Q2 25 | 3.6% | 25.9% | ||
| Q1 25 | 3.0% | 24.7% | ||
| Q4 24 | 2.6% | 27.9% | ||
| Q3 24 | 2.8% | 26.4% | ||
| Q2 24 | 5.3% | 27.9% | ||
| Q1 24 | 4.8% | 21.6% |
| Q4 25 | -5.4% | 35.3% | ||
| Q3 25 | 0.6% | 20.3% | ||
| Q2 25 | 2.6% | 23.7% | ||
| Q1 25 | 0.5% | 19.4% | ||
| Q4 24 | -1.0% | 17.2% | ||
| Q3 24 | 0.7% | 4.4% | ||
| Q2 24 | 1.1% | 22.0% | ||
| Q1 24 | 1.3% | 23.6% |
| Q4 25 | $-0.62 | $2.59 | ||
| Q3 25 | $0.07 | $0.92 | ||
| Q2 25 | $0.32 | $0.95 | ||
| Q1 25 | $0.06 | $0.77 | ||
| Q4 24 | $-0.11 | $0.77 | ||
| Q3 24 | $0.08 | $0.17 | ||
| Q2 24 | $0.15 | $0.81 | ||
| Q1 24 | $0.17 | $0.81 |
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 | $1.6B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $5.1B |
| Total Assets | $6.7B | $8.3B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $1.6B | ||
| Q3 25 | $714.1M | $1.4B | ||
| Q2 25 | $586.5M | $1.3B | ||
| Q1 25 | $549.2M | $1.4B | ||
| Q4 24 | $552.9M | $1.6B | ||
| Q3 24 | $542.5M | $1.8B | ||
| Q2 24 | $519.9M | $1.3B | ||
| Q1 24 | $469.8M | $1.1B |
| 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 | $5.1B | ||
| Q3 25 | $718.4M | $4.8B | ||
| Q2 25 | $673.0M | $4.8B | ||
| Q1 25 | $596.3M | $4.7B | ||
| Q4 24 | $562.8M | $4.6B | ||
| Q3 24 | $616.3M | $4.6B | ||
| Q2 24 | $609.6M | $4.5B | ||
| Q1 24 | $621.4M | $4.4B |
| Q4 25 | $6.7B | $8.3B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.3B | $7.5B | ||
| Q1 25 | $5.1B | $7.1B | ||
| Q4 24 | $5.1B | $7.0B | ||
| Q3 24 | $5.3B | $7.3B | ||
| Q2 24 | $5.3B | $6.4B | ||
| Q1 24 | $5.4B | $6.3B |
| 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 | $322.7M |
| Free Cash FlowOCF − Capex | $54.7M | $320.4M |
| FCF MarginFCF / Revenue | 4.0% | 28.0% |
| Capex IntensityCapex / Revenue | 4.8% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 0.80× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $710.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $322.7M | ||
| Q3 25 | $143.3M | $258.8M | ||
| Q2 25 | $91.9M | $135.2M | ||
| Q1 25 | $55.9M | $2.8M | ||
| Q4 24 | $151.2M | $247.3M | ||
| Q3 24 | $143.6M | $228.5M | ||
| Q2 24 | $142.8M | $223.8M | ||
| Q1 24 | $17.8M | $-5.0M |
| Q4 25 | $54.7M | $320.4M | ||
| Q3 25 | $79.2M | $256.4M | ||
| Q2 25 | $34.6M | $133.2M | ||
| Q1 25 | $-13.4M | $900.0K | ||
| Q4 24 | $73.2M | $243.5M | ||
| Q3 24 | $70.4M | $225.9M | ||
| Q2 24 | $94.0M | $221.9M | ||
| Q1 24 | $-30.2M | $-6.8M |
| Q4 25 | 4.0% | 28.0% | ||
| Q3 25 | 5.3% | 36.6% | ||
| Q2 25 | 2.3% | 21.0% | ||
| Q1 25 | -0.9% | 0.1% | ||
| Q4 24 | 5.3% | 34.4% | ||
| Q3 24 | 4.7% | 36.2% | ||
| Q2 24 | 5.8% | 37.7% | ||
| Q1 24 | -1.9% | -1.2% |
| Q4 25 | 4.8% | 0.2% | ||
| Q3 25 | 4.3% | 0.3% | ||
| Q2 25 | 3.7% | 0.3% | ||
| Q1 25 | 4.9% | 0.3% | ||
| Q4 24 | 5.6% | 0.5% | ||
| Q3 24 | 4.9% | 0.4% | ||
| Q2 24 | 3.0% | 0.3% | ||
| Q1 24 | 3.0% | 0.3% |
| Q4 25 | — | 0.80× | ||
| Q3 25 | 15.58× | 1.82× | ||
| Q2 25 | 2.34× | 0.90× | ||
| Q1 25 | 7.87× | 0.02× | ||
| Q4 24 | — | 2.03× | ||
| Q3 24 | 14.36× | 8.37× | ||
| Q2 24 | 7.85× | 1.73× | ||
| Q1 24 | 0.87× | -0.04× |
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% |
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
