vs
Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Magnera Corp (MAGN). 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 $792.0M, roughly 1.7× Magnera Corp). Magnera Corp runs the higher net margin — -4.3% vs -5.4%, a 1.1% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 0.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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.
AXL vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $792.0M |
| Net Profit | $-75.3M | $-34.0M |
| Gross Margin | 10.2% | 12.2% |
| Operating Margin | -2.4% | 1.8% |
| Net Margin | -5.4% | -4.3% |
| Revenue YoY | 0.2% | 12.8% |
| Net Profit YoY | -449.6% | 43.3% |
| EPS (diluted) | $-0.62 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $839.0M | ||
| Q1 25 | $1.4B | $824.0M | ||
| Q4 24 | $1.4B | $702.0M | ||
| Q3 24 | $1.5B | $332.1M | ||
| Q2 24 | $1.6B | $556.0M | ||
| Q1 24 | $1.6B | $558.0M |
| Q4 25 | $-75.3M | $-34.0M | ||
| Q3 25 | $9.2M | — | ||
| Q2 25 | $39.3M | $-18.0M | ||
| Q1 25 | $7.1M | $-41.0M | ||
| Q4 24 | $-13.7M | $-60.0M | ||
| Q3 24 | $10.0M | $-15.2M | ||
| Q2 24 | $18.2M | $19.0M | ||
| Q1 24 | $20.5M | $14.0M |
| Q4 25 | 10.2% | 12.2% | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.1% | 10.7% | ||
| Q1 25 | 12.3% | 10.7% | ||
| Q4 24 | 11.2% | 10.1% | ||
| Q3 24 | 11.4% | 10.7% | ||
| Q2 24 | 13.3% | 6.6% | ||
| Q1 24 | 12.4% | 6.2% |
| Q4 25 | -2.4% | 1.8% | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.6% | 1.5% | ||
| Q1 25 | 3.0% | 0.5% | ||
| Q4 24 | 2.6% | -3.1% | ||
| Q3 24 | 2.8% | 0.9% | ||
| Q2 24 | 5.3% | 3.1% | ||
| Q1 24 | 4.8% | 3.8% |
| Q4 25 | -5.4% | -4.3% | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 2.6% | -2.1% | ||
| Q1 25 | 0.5% | -5.0% | ||
| Q4 24 | -1.0% | -8.5% | ||
| Q3 24 | 0.7% | -4.6% | ||
| Q2 24 | 1.1% | 3.4% | ||
| Q1 24 | 1.3% | 2.5% |
| Q4 25 | $-0.62 | $-0.95 | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.32 | $-0.51 | ||
| Q1 25 | $0.06 | $-1.15 | ||
| Q4 24 | $-0.11 | $-1.69 | ||
| Q3 24 | $0.08 | $-0.33 | ||
| Q2 24 | $0.15 | $0.60 | ||
| Q1 24 | $0.17 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | $4.0B | $1.9B |
| Stockholders' EquityBook value | $640.0M | $1.0B |
| Total Assets | $6.7B | $3.9B |
| Debt / EquityLower = less leverage | 6.31× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $264.0M | ||
| Q3 25 | $714.1M | — | ||
| Q2 25 | $586.5M | $276.0M | ||
| Q1 25 | $549.2M | $282.0M | ||
| Q4 24 | $552.9M | $215.0M | ||
| Q3 24 | $542.5M | $230.0M | ||
| Q2 24 | $519.9M | $33.9M | ||
| Q1 24 | $469.8M | $30.2M |
| Q4 25 | $4.0B | $1.9B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.7B | $877.4M | ||
| Q1 24 | $2.7B | $884.7M |
| Q4 25 | $640.0M | $1.0B | ||
| Q3 25 | $718.4M | — | ||
| Q2 25 | $673.0M | $1.1B | ||
| Q1 25 | $596.3M | $1.1B | ||
| Q4 24 | $562.8M | $1.1B | ||
| Q3 24 | $616.3M | $2.1B | ||
| Q2 24 | $609.6M | $2.4B | ||
| Q1 24 | $621.4M | $2.4B |
| Q4 25 | $6.7B | $3.9B | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.3B | $4.1B | ||
| Q1 25 | $5.1B | $4.1B | ||
| Q4 24 | $5.1B | $4.0B | ||
| Q3 24 | $5.3B | $2.8B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | $5.4B | $1.5B |
| Q4 25 | 6.31× | 1.86× | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | 1.77× | ||
| Q1 25 | 4.38× | 1.83× | ||
| Q4 24 | 4.58× | 1.80× | ||
| Q3 24 | 4.28× | 0.91× | ||
| Q2 24 | 4.42× | 0.37× | ||
| Q1 24 | 4.40× | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $54.7M | $-13.0M |
| FCF MarginFCF / Revenue | 4.0% | -1.6% |
| Capex IntensityCapex / Revenue | 4.8% | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $2.0M | ||
| Q3 25 | $143.3M | — | ||
| Q2 25 | $91.9M | $0 | ||
| Q1 25 | $55.9M | $65.0M | ||
| Q4 24 | $151.2M | $-58.0M | ||
| Q3 24 | $143.6M | $12.2M | ||
| Q2 24 | $142.8M | $38.0M | ||
| Q1 24 | $17.8M | $20.0M |
| Q4 25 | $54.7M | $-13.0M | ||
| Q3 25 | $79.2M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $-13.4M | $42.0M | ||
| Q4 24 | $73.2M | $-74.0M | ||
| Q3 24 | $70.4M | $3.6M | ||
| Q2 24 | $94.0M | $23.0M | ||
| Q1 24 | $-30.2M | $12.5M |
| Q4 25 | 4.0% | -1.6% | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.9% | 5.1% | ||
| Q4 24 | 5.3% | -10.5% | ||
| Q3 24 | 4.7% | 1.1% | ||
| Q2 24 | 5.8% | 4.1% | ||
| Q1 24 | -1.9% | 2.2% |
| Q4 25 | 4.8% | 1.9% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 4.9% | 2.8% | ||
| Q4 24 | 5.6% | 2.3% | ||
| Q3 24 | 4.9% | 2.6% | ||
| Q2 24 | 3.0% | 2.7% | ||
| Q1 24 | 3.0% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | 2.00× | ||
| Q1 24 | 0.87× | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
