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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and PHINIA INC. (PHIN). 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 $889.0M, roughly 1.6× PHINIA INC.). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 0.2%). PHINIA INC. produced more free cash flow last quarter ($67.0M vs $54.7M). Over the past eight quarters, PHINIA INC.'s revenue compounded faster (1.5% 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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
AXL vs PHIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $889.0M |
| Net Profit | $-75.3M | — |
| Gross Margin | 10.2% | 21.7% |
| Operating Margin | -2.4% | 7.8% |
| Net Margin | -5.4% | — |
| Revenue YoY | 0.2% | 6.7% |
| Net Profit YoY | -449.6% | — |
| EPS (diluted) | $-0.62 | $1.14 |
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.
| Q4 25 | $1.4B | $889.0M | ||
| Q3 25 | $1.5B | $908.0M | ||
| Q2 25 | $1.5B | $890.0M | ||
| Q1 25 | $1.4B | $796.0M | ||
| Q4 24 | $1.4B | $833.0M | ||
| Q3 24 | $1.5B | $839.0M | ||
| Q2 24 | $1.6B | $868.0M | ||
| Q1 24 | $1.6B | $863.0M |
| Q4 25 | $-75.3M | — | ||
| Q3 25 | $9.2M | $13.0M | ||
| Q2 25 | $39.3M | $46.0M | ||
| Q1 25 | $7.1M | $26.0M | ||
| Q4 24 | $-13.7M | — | ||
| Q3 24 | $10.0M | $31.0M | ||
| Q2 24 | $18.2M | $14.0M | ||
| Q1 24 | $20.5M | $29.0M |
| Q4 25 | 10.2% | 21.7% | ||
| Q3 25 | 12.6% | 22.0% | ||
| Q2 25 | 13.1% | 22.1% | ||
| Q1 25 | 12.3% | 21.6% | ||
| Q4 24 | 11.2% | 22.7% | ||
| Q3 24 | 11.4% | 22.3% | ||
| Q2 24 | 13.3% | 21.7% | ||
| Q1 24 | 12.4% | 22.2% |
| Q4 25 | -2.4% | 7.8% | ||
| Q3 25 | 3.2% | 3.7% | ||
| Q2 25 | 3.6% | 10.0% | ||
| Q1 25 | 3.0% | 7.8% | ||
| Q4 24 | 2.6% | 6.1% | ||
| Q3 24 | 2.8% | 7.9% | ||
| Q2 24 | 5.3% | 8.2% | ||
| Q1 24 | 4.8% | 8.2% |
| Q4 25 | -5.4% | — | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 2.6% | 5.2% | ||
| Q1 25 | 0.5% | 3.3% | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | 0.7% | 3.7% | ||
| Q2 24 | 1.1% | 1.6% | ||
| Q1 24 | 1.3% | 3.4% |
| Q4 25 | $-0.62 | $1.14 | ||
| Q3 25 | $0.07 | $0.33 | ||
| Q2 25 | $0.32 | $1.14 | ||
| Q1 25 | $0.06 | $0.63 | ||
| Q4 24 | $-0.11 | $0.13 | ||
| Q3 24 | $0.08 | $0.70 | ||
| Q2 24 | $0.15 | $0.31 | ||
| Q1 24 | $0.17 | $0.62 |
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 | $359.0M |
| Total DebtLower is stronger | $4.0B | $970.0M |
| Stockholders' EquityBook value | $640.0M | $1.6B |
| Total Assets | $6.7B | $3.8B |
| Debt / EquityLower = less leverage | 6.31× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $359.0M | ||
| Q3 25 | $714.1M | $349.0M | ||
| Q2 25 | $586.5M | $347.0M | ||
| Q1 25 | $549.2M | $373.0M | ||
| Q4 24 | $552.9M | $484.0M | ||
| Q3 24 | $542.5M | $477.0M | ||
| Q2 24 | $519.9M | $339.0M | ||
| Q1 24 | $469.8M | $325.0M |
| Q4 25 | $4.0B | $970.0M | ||
| Q3 25 | $2.6B | $990.0M | ||
| Q2 25 | $2.6B | $990.0M | ||
| Q1 25 | $2.6B | $989.0M | ||
| Q4 24 | $2.6B | $988.0M | ||
| Q3 24 | $2.6B | $987.0M | ||
| Q2 24 | $2.7B | $821.0M | ||
| Q1 24 | $2.7B | $706.0M |
| Q4 25 | $640.0M | $1.6B | ||
| Q3 25 | $718.4M | $1.6B | ||
| Q2 25 | $673.0M | $1.6B | ||
| Q1 25 | $596.3M | $1.5B | ||
| Q4 24 | $562.8M | $1.6B | ||
| Q3 24 | $616.3M | $1.7B | ||
| Q2 24 | $609.6M | $1.7B | ||
| Q1 24 | $621.4M | $1.9B |
| Q4 25 | $6.7B | $3.8B | ||
| Q3 25 | $5.3B | $4.0B | ||
| Q2 25 | $5.3B | $3.9B | ||
| Q1 25 | $5.1B | $3.7B | ||
| Q4 24 | $5.1B | $3.8B | ||
| Q3 24 | $5.3B | $4.0B | ||
| Q2 24 | $5.3B | $3.9B | ||
| Q1 24 | $5.4B | $4.0B |
| Q4 25 | 6.31× | 0.61× | ||
| Q3 25 | 3.61× | 0.62× | ||
| Q2 25 | 3.86× | 0.61× | ||
| Q1 25 | 4.38× | 0.64× | ||
| Q4 24 | 4.58× | 0.63× | ||
| Q3 24 | 4.28× | 0.58× | ||
| Q2 24 | 4.42× | 0.47× | ||
| Q1 24 | 4.40× | 0.38× |
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 | $96.0M |
| Free Cash FlowOCF − Capex | $54.7M | $67.0M |
| FCF MarginFCF / Revenue | 4.0% | 7.5% |
| Capex IntensityCapex / Revenue | 4.8% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $96.0M | ||
| Q3 25 | $143.3M | $119.0M | ||
| Q2 25 | $91.9M | $57.0M | ||
| Q1 25 | $55.9M | $40.0M | ||
| Q4 24 | $151.2M | $73.0M | ||
| Q3 24 | $143.6M | $95.0M | ||
| Q2 24 | $142.8M | $109.0M | ||
| Q1 24 | $17.8M | $31.0M |
| Q4 25 | $54.7M | $67.0M | ||
| Q3 25 | $79.2M | $93.0M | ||
| Q2 25 | $34.6M | $23.0M | ||
| Q1 25 | $-13.4M | $5.0M | ||
| Q4 24 | $73.2M | $53.0M | ||
| Q3 24 | $70.4M | $70.0M | ||
| Q2 24 | $94.0M | $92.0M | ||
| Q1 24 | $-30.2M | $-12.0M |
| Q4 25 | 4.0% | 7.5% | ||
| Q3 25 | 5.3% | 10.2% | ||
| Q2 25 | 2.3% | 2.6% | ||
| Q1 25 | -0.9% | 0.6% | ||
| Q4 24 | 5.3% | 6.4% | ||
| Q3 24 | 4.7% | 8.3% | ||
| Q2 24 | 5.8% | 10.6% | ||
| Q1 24 | -1.9% | -1.4% |
| Q4 25 | 4.8% | 3.3% | ||
| Q3 25 | 4.3% | 2.9% | ||
| Q2 25 | 3.7% | 3.8% | ||
| Q1 25 | 4.9% | 4.4% | ||
| Q4 24 | 5.6% | 2.4% | ||
| Q3 24 | 4.9% | 3.0% | ||
| Q2 24 | 3.0% | 2.0% | ||
| Q1 24 | 3.0% | 5.0% |
| Q4 25 | — | — | ||
| Q3 25 | 15.58× | 9.15× | ||
| Q2 25 | 2.34× | 1.24× | ||
| Q1 25 | 7.87× | 1.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | 3.06× | ||
| Q2 24 | 7.85× | 7.79× | ||
| Q1 24 | 0.87× | 1.07× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
