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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs -5.4%, a 18.6% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 0.2%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $54.7M). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
AXL vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $-75.3M | $202.5M |
| Gross Margin | 10.2% | 99.7% |
| Operating Margin | -2.4% | 16.2% |
| Net Margin | -5.4% | 13.2% |
| Revenue YoY | 0.2% | 12.4% |
| Net Profit YoY | -449.6% | 100.4% |
| EPS (diluted) | $-0.62 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.6B | $1.3B |
| Q4 25 | $-75.3M | $202.5M | ||
| Q3 25 | $9.2M | $280.4M | ||
| Q2 25 | $39.3M | $166.5M | ||
| Q1 25 | $7.1M | $-108.3M | ||
| Q4 24 | $-13.7M | $101.1M | ||
| Q3 24 | $10.0M | $230.9M | ||
| Q2 24 | $18.2M | $62.6M | ||
| Q1 24 | $20.5M | $73.5M |
| Q4 25 | 10.2% | 99.7% | ||
| Q3 25 | 12.6% | 99.8% | ||
| Q2 25 | 13.1% | 99.8% | ||
| Q1 25 | 12.3% | 99.7% | ||
| Q4 24 | 11.2% | 99.7% | ||
| Q3 24 | 11.4% | 99.8% | ||
| Q2 24 | 13.3% | 99.8% | ||
| Q1 24 | 12.4% | 99.7% |
| Q4 25 | -2.4% | 16.2% | ||
| Q3 25 | 3.2% | 22.1% | ||
| Q2 25 | 3.6% | 14.0% | ||
| Q1 25 | 3.0% | -10.2% | ||
| Q4 24 | 2.6% | 9.0% | ||
| Q3 24 | 2.8% | 18.8% | ||
| Q2 24 | 5.3% | 5.8% | ||
| Q1 24 | 4.8% | 7.0% |
| Q4 25 | -5.4% | 13.2% | ||
| Q3 25 | 0.6% | 17.7% | ||
| Q2 25 | 2.6% | 11.3% | ||
| Q1 25 | 0.5% | -7.8% | ||
| Q4 24 | -1.0% | 7.4% | ||
| Q3 24 | 0.7% | 15.1% | ||
| Q2 24 | 1.1% | 4.8% | ||
| Q1 24 | 1.3% | 5.8% |
| Q4 25 | $-0.62 | $3.66 | ||
| Q3 25 | $0.07 | $5.06 | ||
| Q2 25 | $0.32 | $3.01 | ||
| Q1 25 | $0.06 | $-1.96 | ||
| Q4 24 | $-0.11 | $1.82 | ||
| Q3 24 | $0.08 | $4.17 | ||
| Q2 24 | $0.15 | $1.13 | ||
| Q1 24 | $0.17 | $1.33 |
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 | — |
| Total DebtLower is stronger | $4.0B | $575.0M |
| Stockholders' EquityBook value | $640.0M | $2.4B |
| Total Assets | $6.7B | $9.6B |
| Debt / EquityLower = less leverage | 6.31× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | ||
| Q1 24 | $469.8M | — |
| Q4 25 | $4.0B | $575.0M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $575.0M | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $640.0M | $2.4B | ||
| Q3 25 | $718.4M | $2.2B | ||
| Q2 25 | $673.0M | $2.0B | ||
| Q1 25 | $596.3M | $1.8B | ||
| Q4 24 | $562.8M | $1.9B | ||
| Q3 24 | $616.3M | $1.9B | ||
| Q2 24 | $609.6M | $1.6B | ||
| Q1 24 | $621.4M | $1.6B |
| Q4 25 | $6.7B | $9.6B | ||
| Q3 25 | $5.3B | $9.4B | ||
| Q2 25 | $5.3B | $9.1B | ||
| Q1 25 | $5.1B | $9.0B | ||
| Q4 24 | $5.1B | $8.3B | ||
| Q3 24 | $5.3B | $8.2B | ||
| Q2 24 | $5.3B | $7.7B | ||
| Q1 24 | $5.4B | $7.4B |
| Q4 25 | 6.31× | 0.24× | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | 0.30× | ||
| 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 | $287.9M |
| Free Cash FlowOCF − Capex | $54.7M | $273.9M |
| FCF MarginFCF / Revenue | 4.0% | 17.8% |
| Capex IntensityCapex / Revenue | 4.8% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $287.9M | ||
| Q3 25 | $143.3M | $496.4M | ||
| Q2 25 | $91.9M | $371.6M | ||
| Q1 25 | $55.9M | $-68.7M | ||
| Q4 24 | $151.2M | $248.3M | ||
| Q3 24 | $143.6M | $318.1M | ||
| Q2 24 | $142.8M | $278.0M | ||
| Q1 24 | $17.8M | $192.6M |
| Q4 25 | $54.7M | $273.9M | ||
| Q3 25 | $79.2M | $479.5M | ||
| Q2 25 | $34.6M | $357.2M | ||
| Q1 25 | $-13.4M | $-81.9M | ||
| Q4 24 | $73.2M | $236.0M | ||
| Q3 24 | $70.4M | $306.2M | ||
| Q2 24 | $94.0M | $266.5M | ||
| Q1 24 | $-30.2M | $182.4M |
| Q4 25 | 4.0% | 17.8% | ||
| Q3 25 | 5.3% | 30.3% | ||
| Q2 25 | 2.3% | 24.2% | ||
| Q1 25 | -0.9% | -5.9% | ||
| Q4 24 | 5.3% | 17.3% | ||
| Q3 24 | 4.7% | 20.0% | ||
| Q2 24 | 5.8% | 20.4% | ||
| Q1 24 | -1.9% | 14.3% |
| Q4 25 | 4.8% | 0.9% | ||
| Q3 25 | 4.3% | 1.1% | ||
| Q2 25 | 3.7% | 1.0% | ||
| Q1 25 | 4.9% | 0.9% | ||
| Q4 24 | 5.6% | 0.9% | ||
| Q3 24 | 4.9% | 0.8% | ||
| Q2 24 | 3.0% | 0.9% | ||
| Q1 24 | 3.0% | 0.8% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | 15.58× | 1.77× | ||
| Q2 25 | 2.34× | 2.23× | ||
| Q1 25 | 7.87× | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | 14.36× | 1.38× | ||
| Q2 24 | 7.85× | 4.44× | ||
| Q1 24 | 0.87× | 2.62× |
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% |
MCY
Segment breakdown not available.
