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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and KeyCorp (KEY). Click either name above to swap in a different company.
KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.4× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). KeyCorp runs the higher net margin — 25.4% vs -5.4%, a 30.9% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 0.2%). KeyCorp produced more free cash flow last quarter ($2.1B vs $54.7M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% 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.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
AXL vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.0B |
| Net Profit | $-75.3M | $510.0M |
| Gross Margin | 10.2% | — |
| Operating Margin | -2.4% | 32.3% |
| Net Margin | -5.4% | 25.4% |
| Revenue YoY | 0.2% | 131.8% |
| Net Profit YoY | -449.6% | 309.0% |
| EPS (diluted) | $-0.62 | $0.43 |
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 | $2.0B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $865.0M | ||
| Q3 24 | $1.5B | $695.0M | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.6B | $1.5B |
| Q4 25 | $-75.3M | $510.0M | ||
| Q3 25 | $9.2M | $489.0M | ||
| Q2 25 | $39.3M | $425.0M | ||
| Q1 25 | $7.1M | $405.0M | ||
| Q4 24 | $-13.7M | $-244.0M | ||
| Q3 24 | $10.0M | $-410.0M | ||
| Q2 24 | $18.2M | $274.0M | ||
| Q1 24 | $20.5M | $219.0M |
| 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% | 32.3% | ||
| Q3 25 | 3.2% | 31.8% | ||
| Q2 25 | 3.6% | 29.3% | ||
| Q1 25 | 3.0% | 29.0% | ||
| Q4 24 | 2.6% | -92.6% | ||
| Q3 24 | 2.8% | -72.8% | ||
| Q2 24 | 5.3% | 22.0% | ||
| Q1 24 | 4.8% | 18.1% |
| Q4 25 | -5.4% | 25.4% | ||
| Q3 25 | 0.6% | 25.8% | ||
| Q2 25 | 2.6% | 23.1% | ||
| Q1 25 | 0.5% | 22.8% | ||
| Q4 24 | -1.0% | -54.7% | ||
| Q3 24 | 0.7% | -59.0% | ||
| Q2 24 | 1.1% | 18.0% | ||
| Q1 24 | 1.3% | 14.3% |
| Q4 25 | $-0.62 | $0.43 | ||
| Q3 25 | $0.07 | $0.41 | ||
| Q2 25 | $0.32 | $0.35 | ||
| Q1 25 | $0.06 | $0.33 | ||
| Q4 24 | $-0.11 | $-0.30 | ||
| Q3 24 | $0.08 | $-0.47 | ||
| Q2 24 | $0.15 | $0.25 | ||
| Q1 24 | $0.17 | $0.20 |
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 | $10.2B |
| Total DebtLower is stronger | $4.0B | $9.9B |
| Stockholders' EquityBook value | $640.0M | $20.4B |
| Total Assets | $6.7B | $184.4B |
| Debt / EquityLower = less leverage | 6.31× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $10.2B | ||
| Q3 25 | $714.1M | $13.3B | ||
| Q2 25 | $586.5M | $11.6B | ||
| Q1 25 | $549.2M | $15.3B | ||
| Q4 24 | $552.9M | $17.5B | ||
| Q3 24 | $542.5M | $22.8B | ||
| Q2 24 | $519.9M | $15.5B | ||
| Q1 24 | $469.8M | $13.2B |
| Q4 25 | $4.0B | $9.9B | ||
| Q3 25 | $2.6B | $10.9B | ||
| Q2 25 | $2.6B | $12.1B | ||
| Q1 25 | $2.6B | $12.4B | ||
| Q4 24 | $2.6B | $12.1B | ||
| Q3 24 | $2.6B | $15.7B | ||
| Q2 24 | $2.7B | $16.9B | ||
| Q1 24 | $2.7B | $20.8B |
| Q4 25 | $640.0M | $20.4B | ||
| Q3 25 | $718.4M | $20.1B | ||
| Q2 25 | $673.0M | $19.5B | ||
| Q1 25 | $596.3M | $19.0B | ||
| Q4 24 | $562.8M | $18.2B | ||
| Q3 24 | $616.3M | $16.9B | ||
| Q2 24 | $609.6M | $14.8B | ||
| Q1 24 | $621.4M | $14.5B |
| Q4 25 | $6.7B | $184.4B | ||
| Q3 25 | $5.3B | $187.4B | ||
| Q2 25 | $5.3B | $185.5B | ||
| Q1 25 | $5.1B | $188.7B | ||
| Q4 24 | $5.1B | $187.2B | ||
| Q3 24 | $5.3B | $189.8B | ||
| Q2 24 | $5.3B | $187.4B | ||
| Q1 24 | $5.4B | $187.5B |
| Q4 25 | 6.31× | 0.49× | ||
| Q3 25 | 3.61× | 0.54× | ||
| Q2 25 | 3.86× | 0.62× | ||
| Q1 25 | 4.38× | 0.65× | ||
| Q4 24 | 4.58× | 0.67× | ||
| Q3 24 | 4.28× | 0.93× | ||
| Q2 24 | 4.42× | 1.14× | ||
| Q1 24 | 4.40× | 1.43× |
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 | $2.2B |
| Free Cash FlowOCF − Capex | $54.7M | $2.1B |
| FCF MarginFCF / Revenue | 4.0% | 104.8% |
| Capex IntensityCapex / Revenue | 4.8% | 5.3% |
| Cash ConversionOCF / Net Profit | — | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $2.2B | ||
| Q3 25 | $143.3M | $396.0M | ||
| Q2 25 | $91.9M | $1.2B | ||
| Q1 25 | $55.9M | $-140.0M | ||
| Q4 24 | $151.2M | $664.0M | ||
| Q3 24 | $143.6M | $-1.2B | ||
| Q2 24 | $142.8M | $-217.0M | ||
| Q1 24 | $17.8M | $359.0M |
| Q4 25 | $54.7M | $2.1B | ||
| Q3 25 | $79.2M | $367.0M | ||
| Q2 25 | $34.6M | $1.2B | ||
| Q1 25 | $-13.4M | $-150.0M | ||
| Q4 24 | $73.2M | $599.0M | ||
| Q3 24 | $70.4M | $-1.2B | ||
| Q2 24 | $94.0M | $-230.0M | ||
| Q1 24 | $-30.2M | $347.0M |
| Q4 25 | 4.0% | 104.8% | ||
| Q3 25 | 5.3% | 19.4% | ||
| Q2 25 | 2.3% | 65.8% | ||
| Q1 25 | -0.9% | -8.5% | ||
| Q4 24 | 5.3% | 69.2% | ||
| Q3 24 | 4.7% | -175.8% | ||
| Q2 24 | 5.8% | -15.1% | ||
| Q1 24 | -1.9% | 22.6% |
| Q4 25 | 4.8% | 5.3% | ||
| Q3 25 | 4.3% | 1.5% | ||
| Q2 25 | 3.7% | 1.3% | ||
| Q1 25 | 4.9% | 0.6% | ||
| Q4 24 | 5.6% | 7.5% | ||
| Q3 24 | 4.9% | 2.4% | ||
| Q2 24 | 3.0% | 0.9% | ||
| Q1 24 | 3.0% | 0.8% |
| Q4 25 | — | 4.33× | ||
| Q3 25 | 15.58× | 0.81× | ||
| Q2 25 | 2.34× | 2.90× | ||
| Q1 25 | 7.87× | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | -0.79× | ||
| Q1 24 | 0.87× | 1.64× |
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% |
KEY
Segment breakdown not available.
