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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and SCANSOURCE, INC. (SCSC). 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 $766.5M, roughly 1.8× SCANSOURCE, INC.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs -5.4%, a 7.6% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs 0.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $28.9M). Over the past eight quarters, SCANSOURCE, INC.'s revenue compounded faster (0.9% 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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
AXL vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $766.5M |
| Net Profit | $-75.3M | $16.5M |
| Gross Margin | 10.2% | 13.4% |
| Operating Margin | -2.4% | 2.3% |
| Net Margin | -5.4% | 2.2% |
| Revenue YoY | 0.2% | 2.5% |
| Net Profit YoY | -449.6% | -3.3% |
| EPS (diluted) | $-0.62 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.5B | $739.6M | ||
| Q2 25 | $1.5B | $812.9M | ||
| Q1 25 | $1.4B | $704.8M | ||
| Q4 24 | $1.4B | $747.5M | ||
| Q3 24 | $1.5B | $775.6M | ||
| Q2 24 | $1.6B | $746.1M | ||
| Q1 24 | $1.6B | $752.6M |
| Q4 25 | $-75.3M | $16.5M | ||
| Q3 25 | $9.2M | $19.9M | ||
| Q2 25 | $39.3M | $20.1M | ||
| Q1 25 | $7.1M | $17.4M | ||
| Q4 24 | $-13.7M | $17.1M | ||
| Q3 24 | $10.0M | $17.0M | ||
| Q2 24 | $18.2M | $16.1M | ||
| Q1 24 | $20.5M | $12.8M |
| Q4 25 | 10.2% | 13.4% | ||
| Q3 25 | 12.6% | 14.5% | ||
| Q2 25 | 13.1% | 12.9% | ||
| Q1 25 | 12.3% | 14.2% | ||
| Q4 24 | 11.2% | 13.6% | ||
| Q3 24 | 11.4% | 13.1% | ||
| Q2 24 | 13.3% | 13.0% | ||
| Q1 24 | 12.4% | 12.6% |
| Q4 25 | -2.4% | 2.3% | ||
| Q3 25 | 3.2% | 3.5% | ||
| Q2 25 | 3.6% | 3.3% | ||
| Q1 25 | 3.0% | 3.2% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 2.8% | 2.3% | ||
| Q2 24 | 5.3% | 2.9% | ||
| Q1 24 | 4.8% | 2.3% |
| Q4 25 | -5.4% | 2.2% | ||
| Q3 25 | 0.6% | 2.7% | ||
| Q2 25 | 2.6% | 2.5% | ||
| Q1 25 | 0.5% | 2.5% | ||
| Q4 24 | -1.0% | 2.3% | ||
| Q3 24 | 0.7% | 2.2% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | 1.3% | 1.7% |
| Q4 25 | $-0.62 | $0.75 | ||
| Q3 25 | $0.07 | $0.89 | ||
| Q2 25 | $0.32 | $0.87 | ||
| Q1 25 | $0.06 | $0.74 | ||
| Q4 24 | $-0.11 | $0.70 | ||
| Q3 24 | $0.08 | $0.69 | ||
| Q2 24 | $0.15 | $0.66 | ||
| Q1 24 | $0.17 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $910.9M |
| Total Assets | $6.7B | $1.7B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $83.5M | ||
| Q3 25 | $714.1M | $124.9M | ||
| Q2 25 | $586.5M | $126.2M | ||
| Q1 25 | $549.2M | $146.3M | ||
| Q4 24 | $552.9M | $110.5M | ||
| Q3 24 | $542.5M | $145.0M | ||
| Q2 24 | $519.9M | $185.5M | ||
| Q1 24 | $469.8M | $159.1M |
| Q4 25 | $4.0B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $640.0M | $910.9M | ||
| Q3 25 | $718.4M | $914.0M | ||
| Q2 25 | $673.0M | $906.4M | ||
| Q1 25 | $596.3M | $901.7M | ||
| Q4 24 | $562.8M | $900.7M | ||
| Q3 24 | $616.3M | $920.9M | ||
| Q2 24 | $609.6M | $924.3M | ||
| Q1 24 | $621.4M | $944.1M |
| Q4 25 | $6.7B | $1.7B | ||
| Q3 25 | $5.3B | $1.7B | ||
| Q2 25 | $5.3B | $1.8B | ||
| Q1 25 | $5.1B | $1.7B | ||
| Q4 24 | $5.1B | $1.7B | ||
| Q3 24 | $5.3B | $1.8B | ||
| Q2 24 | $5.3B | $1.8B | ||
| Q1 24 | $5.4B | $1.8B |
| Q4 25 | 6.31× | — | ||
| Q3 25 | 3.61× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.58× | — | ||
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $54.7M | $28.9M |
| FCF MarginFCF / Revenue | 4.0% | 3.8% |
| Capex IntensityCapex / Revenue | 4.8% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $30.8M | ||
| Q3 25 | $143.3M | $23.2M | ||
| Q2 25 | $91.9M | — | ||
| Q1 25 | $55.9M | $66.1M | ||
| Q4 24 | $151.2M | $-6.2M | ||
| Q3 24 | $143.6M | $44.8M | ||
| Q2 24 | $142.8M | — | ||
| Q1 24 | $17.8M | $160.2M |
| Q4 25 | $54.7M | $28.9M | ||
| Q3 25 | $79.2M | $20.8M | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $-13.4M | $64.6M | ||
| Q4 24 | $73.2M | $-8.2M | ||
| Q3 24 | $70.4M | $42.5M | ||
| Q2 24 | $94.0M | — | ||
| Q1 24 | $-30.2M | $157.7M |
| Q4 25 | 4.0% | 3.8% | ||
| Q3 25 | 5.3% | 2.8% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.9% | 9.2% | ||
| Q4 24 | 5.3% | -1.1% | ||
| Q3 24 | 4.7% | 5.5% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -1.9% | 21.0% |
| Q4 25 | 4.8% | 0.3% | ||
| Q3 25 | 4.3% | 0.3% | ||
| Q2 25 | 3.7% | 0.3% | ||
| Q1 25 | 4.9% | 0.2% | ||
| Q4 24 | 5.6% | 0.3% | ||
| Q3 24 | 4.9% | 0.3% | ||
| Q2 24 | 3.0% | 0.2% | ||
| Q1 24 | 3.0% | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | 15.58× | 1.17× | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 7.87× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 14.36× | 2.64× | ||
| Q2 24 | 7.85× | — | ||
| Q1 24 | 0.87× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
