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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.2× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). Toast, Inc. runs the higher net margin — 6.2% vs -5.4%, a 11.6% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 0.2%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $54.7M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
AXL vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.6B |
| Net Profit | $-75.3M | $101.0M |
| Gross Margin | 10.2% | 25.9% |
| Operating Margin | -2.4% | 5.2% |
| Net Margin | -5.4% | 6.2% |
| Revenue YoY | 0.2% | 22.0% |
| Net Profit YoY | -449.6% | 215.6% |
| EPS (diluted) | $-0.62 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.6B | $1.1B |
| Q4 25 | $-75.3M | $101.0M | ||
| Q3 25 | $9.2M | $105.0M | ||
| Q2 25 | $39.3M | $80.0M | ||
| Q1 25 | $7.1M | $56.0M | ||
| Q4 24 | $-13.7M | $32.0M | ||
| Q3 24 | $10.0M | $56.0M | ||
| Q2 24 | $18.2M | $14.0M | ||
| Q1 24 | $20.5M | $-83.0M |
| Q4 25 | 10.2% | 25.9% | ||
| Q3 25 | 12.6% | 26.5% | ||
| Q2 25 | 13.1% | 25.3% | ||
| Q1 25 | 12.3% | 25.9% | ||
| Q4 24 | 11.2% | 24.9% | ||
| Q3 24 | 11.4% | 24.7% | ||
| Q2 24 | 13.3% | 23.0% | ||
| Q1 24 | 12.4% | 23.2% |
| Q4 25 | -2.4% | 5.2% | ||
| Q3 25 | 3.2% | 5.1% | ||
| Q2 25 | 3.6% | 5.2% | ||
| Q1 25 | 3.0% | 3.2% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 2.8% | 2.6% | ||
| Q2 24 | 5.3% | 0.4% | ||
| Q1 24 | 4.8% | -5.2% |
| Q4 25 | -5.4% | 6.2% | ||
| Q3 25 | 0.6% | 6.4% | ||
| Q2 25 | 2.6% | 5.2% | ||
| Q1 25 | 0.5% | 4.2% | ||
| Q4 24 | -1.0% | 2.4% | ||
| Q3 24 | 0.7% | 4.3% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 1.3% | -7.7% |
| Q4 25 | $-0.62 | $0.18 | ||
| Q3 25 | $0.07 | $0.16 | ||
| Q2 25 | $0.32 | $0.13 | ||
| Q1 25 | $0.06 | $0.09 | ||
| Q4 24 | $-0.11 | $0.09 | ||
| Q3 24 | $0.08 | $0.07 | ||
| Q2 24 | $0.15 | $0.02 | ||
| Q1 24 | $0.17 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $640.0M | $2.1B |
| Total Assets | $6.7B | $3.1B |
| Debt / EquityLower = less leverage | 6.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $708.9M | $1.4B | ||
| Q3 25 | $714.1M | $1.4B | ||
| Q2 25 | $586.5M | $1.2B | ||
| Q1 25 | $549.2M | $1.0B | ||
| Q4 24 | $552.9M | $903.0M | ||
| Q3 24 | $542.5M | $761.0M | ||
| Q2 24 | $519.9M | $691.0M | ||
| Q1 24 | $469.8M | $578.0M |
| 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 | $2.1B | ||
| Q3 25 | $718.4M | $2.0B | ||
| Q2 25 | $673.0M | $1.8B | ||
| Q1 25 | $596.3M | $1.7B | ||
| Q4 24 | $562.8M | $1.5B | ||
| Q3 24 | $616.3M | $1.4B | ||
| Q2 24 | $609.6M | $1.3B | ||
| Q1 24 | $621.4M | $1.2B |
| Q4 25 | $6.7B | $3.1B | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $5.3B | $2.8B | ||
| Q1 25 | $5.1B | $2.6B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $5.3B | $2.2B | ||
| Q2 24 | $5.3B | $2.2B | ||
| Q1 24 | $5.4B | $2.1B |
| 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 | $194.0M |
| Free Cash FlowOCF − Capex | $54.7M | $178.0M |
| FCF MarginFCF / Revenue | 4.0% | 10.9% |
| Capex IntensityCapex / Revenue | 4.8% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $155.1M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.5M | $194.0M | ||
| Q3 25 | $143.3M | $165.0M | ||
| Q2 25 | $91.9M | $223.0M | ||
| Q1 25 | $55.9M | $79.0M | ||
| Q4 24 | $151.2M | $147.0M | ||
| Q3 24 | $143.6M | $109.0M | ||
| Q2 24 | $142.8M | $124.0M | ||
| Q1 24 | $17.8M | $-20.0M |
| Q4 25 | $54.7M | $178.0M | ||
| Q3 25 | $79.2M | $153.0M | ||
| Q2 25 | $34.6M | $208.0M | ||
| Q1 25 | $-13.4M | $69.0M | ||
| Q4 24 | $73.2M | $134.0M | ||
| Q3 24 | $70.4M | $97.0M | ||
| Q2 24 | $94.0M | $108.0M | ||
| Q1 24 | $-30.2M | $-33.0M |
| Q4 25 | 4.0% | 10.9% | ||
| Q3 25 | 5.3% | 9.4% | ||
| Q2 25 | 2.3% | 13.4% | ||
| Q1 25 | -0.9% | 5.2% | ||
| Q4 24 | 5.3% | 10.0% | ||
| Q3 24 | 4.7% | 7.4% | ||
| Q2 24 | 5.8% | 8.7% | ||
| Q1 24 | -1.9% | -3.1% |
| Q4 25 | 4.8% | 1.0% | ||
| Q3 25 | 4.3% | 0.7% | ||
| Q2 25 | 3.7% | 1.0% | ||
| Q1 25 | 4.9% | 0.7% | ||
| Q4 24 | 5.6% | 1.0% | ||
| Q3 24 | 4.9% | 0.9% | ||
| Q2 24 | 3.0% | 1.3% | ||
| Q1 24 | 3.0% | 1.2% |
| Q4 25 | — | 1.92× | ||
| Q3 25 | 15.58× | 1.57× | ||
| Q2 25 | 2.34× | 2.79× | ||
| Q1 25 | 7.87× | 1.41× | ||
| Q4 24 | — | 4.59× | ||
| Q3 24 | 14.36× | 1.95× | ||
| Q2 24 | 7.85× | 8.86× | ||
| Q1 24 | 0.87× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
