vs
Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Liberty Energy Inc. (LBRT). 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 $1.0B, roughly 1.4× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -5.4%, a 7.7% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 0.2%). Over the past eight quarters, Liberty Energy Inc.'s revenue compounded faster (-6.2% 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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
AXL vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.0B |
| Net Profit | $-75.3M | $22.6M |
| Gross Margin | 10.2% | — |
| Operating Margin | -2.4% | 2.2% |
| Net Margin | -5.4% | 2.2% |
| Revenue YoY | 0.2% | 4.5% |
| Net Profit YoY | -449.6% | — |
| EPS (diluted) | $-0.62 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.5B | $947.4M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $977.5M | ||
| Q4 24 | $1.4B | $943.6M | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.6B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-75.3M | $13.7M | ||
| Q3 25 | $9.2M | $43.1M | ||
| Q2 25 | $39.3M | $71.0M | ||
| Q1 25 | $7.1M | $20.1M | ||
| Q4 24 | $-13.7M | $51.9M | ||
| Q3 24 | $10.0M | $73.8M | ||
| Q2 24 | $18.2M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 20.6% | ||
| Q3 25 | 12.6% | 18.7% | ||
| Q2 25 | 13.1% | 22.1% | ||
| Q1 25 | 12.3% | 22.1% | ||
| Q4 24 | 11.2% | 21.4% | ||
| Q3 24 | 11.4% | 26.2% | ||
| Q2 24 | 13.3% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -2.4% | 1.9% | ||
| Q3 25 | 3.2% | -0.3% | ||
| Q2 25 | 3.6% | 3.6% | ||
| Q1 25 | 3.0% | 1.9% | ||
| Q4 24 | 2.6% | 2.6% | ||
| Q3 24 | 2.8% | 9.4% | ||
| Q2 24 | 5.3% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -5.4% | 1.3% | ||
| Q3 25 | 0.6% | 4.5% | ||
| Q2 25 | 2.6% | 6.8% | ||
| Q1 25 | 0.5% | 2.1% | ||
| Q4 24 | -1.0% | 5.5% | ||
| Q3 24 | 0.7% | 6.5% | ||
| Q2 24 | 1.1% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.62 | $0.08 | ||
| Q3 25 | $0.07 | $0.26 | ||
| Q2 25 | $0.32 | $0.43 | ||
| Q1 25 | $0.06 | $0.12 | ||
| Q4 24 | $-0.11 | $0.31 | ||
| Q3 24 | $0.08 | $0.44 | ||
| Q2 24 | $0.15 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $4.0B | $7.1M |
| Stockholders' EquityBook value | $640.0M | $1.9B |
| Total Assets | $6.7B | $4.4B |
| Debt / EquityLower = less leverage | 6.31× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $708.9M | $27.6M | ||
| Q3 25 | $714.1M | $13.5M | ||
| Q2 25 | $586.5M | $19.6M | ||
| Q1 25 | $549.2M | $24.1M | ||
| Q4 24 | $552.9M | $20.0M | ||
| Q3 24 | $542.5M | $23.0M | ||
| Q2 24 | $519.9M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $4.0B | $246.6M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $190.5M | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $640.0M | $2.1B | ||
| Q3 25 | $718.4M | $2.1B | ||
| Q2 25 | $673.0M | $2.0B | ||
| Q1 25 | $596.3M | $2.0B | ||
| Q4 24 | $562.8M | $2.0B | ||
| Q3 24 | $616.3M | $2.0B | ||
| Q2 24 | $609.6M | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $6.7B | $3.6B | ||
| Q3 25 | $5.3B | $3.5B | ||
| Q2 25 | $5.3B | $3.4B | ||
| Q1 25 | $5.1B | $3.4B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.3B | $3.3B | ||
| Q2 24 | $5.3B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 6.31× | 0.12× | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | 0.10× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.5M | — |
| Free Cash FlowOCF − Capex | $54.7M | — |
| FCF MarginFCF / Revenue | 4.0% | — |
| Capex IntensityCapex / Revenue | 4.8% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $120.5M | $195.4M | ||
| Q3 25 | $143.3M | $51.5M | ||
| Q2 25 | $91.9M | $170.6M | ||
| Q1 25 | $55.9M | $192.1M | ||
| Q4 24 | $151.2M | $177.3M | ||
| Q3 24 | $143.6M | $244.5M | ||
| Q2 24 | $142.8M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | $-10.0M | ||
| Q3 25 | $79.2M | $-67.2M | ||
| Q2 25 | $34.6M | $33.1M | ||
| Q1 25 | $-13.4M | $58.2M | ||
| Q4 24 | $73.2M | $-26.2M | ||
| Q3 24 | $70.4M | $77.9M | ||
| Q2 24 | $94.0M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | -1.0% | ||
| Q3 25 | 5.3% | -7.1% | ||
| Q2 25 | 2.3% | 3.2% | ||
| Q1 25 | -0.9% | 6.0% | ||
| Q4 24 | 5.3% | -2.8% | ||
| Q3 24 | 4.7% | 6.8% | ||
| Q2 24 | 5.8% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 4.8% | 19.8% | ||
| Q3 25 | 4.3% | 12.5% | ||
| Q2 25 | 3.7% | 13.2% | ||
| Q1 25 | 4.9% | 13.7% | ||
| Q4 24 | 5.6% | 21.6% | ||
| Q3 24 | 4.9% | 14.6% | ||
| Q2 24 | 3.0% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 15.58× | 1.20× | ||
| Q2 25 | 2.34× | 2.40× | ||
| Q1 25 | 7.87× | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | 14.36× | 3.31× | ||
| Q2 24 | 7.85× | 2.29× |
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% |
LBRT
Segment breakdown not available.
