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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs -5.4%, a 28.9% gap on every dollar of revenue. On growth, AMERICAN AXLE & MANUFACTURING HOLDINGS INC posted the faster year-over-year revenue change (0.2% vs -36.8%). Over the past eight quarters, AMERICAN AXLE & MANUFACTURING HOLDINGS INC's revenue compounded faster (-7.2% CAGR vs -11.9%).
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
AXL vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.2B |
| Net Profit | $-75.3M | $515.8M |
| Gross Margin | 10.2% | — |
| Operating Margin | -2.4% | — |
| Net Margin | -5.4% | 23.5% |
| Revenue YoY | 0.2% | -36.8% |
| Net Profit YoY | -449.6% | 72.6% |
| EPS (diluted) | $-0.62 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.5B | $4.0B | ||
| Q2 24 | $1.6B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-75.3M | $760.5M | ||
| Q3 25 | $9.2M | $916.5M | ||
| Q2 25 | $39.3M | $835.4M | ||
| Q1 25 | $7.1M | $170.0M | ||
| Q4 24 | $-13.7M | $-189.7M | ||
| Q3 24 | $10.0M | $1.2B | ||
| Q2 24 | $18.2M | $503.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -2.4% | 42.5% | ||
| Q3 25 | 3.2% | 46.3% | ||
| Q2 25 | 3.6% | 41.8% | ||
| Q1 25 | 3.0% | -2.0% | ||
| Q4 24 | 2.6% | -3.6% | ||
| Q3 24 | 2.8% | 43.7% | ||
| Q2 24 | 5.3% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | -5.4% | 25.6% | ||
| Q3 25 | 0.6% | 28.7% | ||
| Q2 25 | 2.6% | 26.1% | ||
| Q1 25 | 0.5% | 4.9% | ||
| Q4 24 | -1.0% | -8.3% | ||
| Q3 24 | 0.7% | 29.8% | ||
| Q2 24 | 1.1% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-0.62 | $16.16 | ||
| Q3 25 | $0.07 | $19.40 | ||
| Q2 25 | $0.32 | $17.20 | ||
| Q1 25 | $0.06 | $3.27 | ||
| Q4 24 | $-0.11 | $-3.76 | ||
| Q3 24 | $0.08 | $22.62 | ||
| Q2 24 | $0.15 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $4.3B |
| Total Assets | $6.7B | $53.7B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $708.9M | $1.7B | ||
| Q3 25 | $714.1M | $1.7B | ||
| Q2 25 | $586.5M | $1.4B | ||
| Q1 25 | $549.2M | $1.6B | ||
| Q4 24 | $552.9M | $1.7B | ||
| Q3 24 | $542.5M | $1.6B | ||
| Q2 24 | $519.9M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $2.3B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.6B | $2.8B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.7B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $640.0M | $11.6B | ||
| Q3 25 | $718.4M | $11.5B | ||
| Q2 25 | $673.0M | $10.8B | ||
| Q1 25 | $596.3M | $10.3B | ||
| Q4 24 | $562.8M | $10.6B | ||
| Q3 24 | $616.3M | $11.2B | ||
| Q2 24 | $609.6M | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $6.7B | $53.8B | ||
| Q3 25 | $5.3B | $54.5B | ||
| Q2 25 | $5.3B | $54.7B | ||
| Q1 25 | $5.1B | $53.6B | ||
| Q4 24 | $5.1B | $50.7B | ||
| Q3 24 | $5.3B | $52.8B | ||
| Q2 24 | $5.3B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 6.31× | 0.20× | ||
| Q3 25 | 3.61× | 0.19× | ||
| Q2 25 | 3.86× | 0.21× | ||
| Q1 25 | 4.38× | 0.27× | ||
| Q4 24 | 4.58× | 0.18× | ||
| Q3 24 | 4.28× | 0.17× | ||
| Q2 24 | 4.42× | 0.19× |
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% | — |
| 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 | $483.0M | ||
| Q3 25 | $143.3M | $1.6B | ||
| Q2 25 | $91.9M | $1.5B | ||
| Q1 25 | $55.9M | $157.8M | ||
| Q4 24 | $151.2M | $778.9M | ||
| Q3 24 | $143.6M | $1.5B | ||
| Q2 24 | $142.8M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $54.7M | — | ||
| Q3 25 | $79.2M | — | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $-13.4M | — | ||
| Q4 24 | $73.2M | — | ||
| Q3 24 | $70.4M | — | ||
| Q2 24 | $94.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 3.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 15.58× | 1.73× | ||
| Q2 25 | 2.34× | 1.76× | ||
| Q1 25 | 7.87× | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | 1.26× | ||
| Q2 24 | 7.85× | 2.41× |
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% |
RNR
Segment breakdown not available.
