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Side-by-side financial comparison of AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL) and DENTSPLY SIRONA Inc. (XRAY). 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 $961.0M, roughly 1.4× DENTSPLY SIRONA Inc.). AMERICAN AXLE & MANUFACTURING HOLDINGS INC runs the higher net margin — -5.4% vs -15.2%, a 9.8% gap on every dollar of revenue. On growth, DENTSPLY SIRONA Inc. posted the faster year-over-year revenue change (6.2% vs 0.2%). DENTSPLY SIRONA Inc. produced more free cash flow last quarter ($60.0M vs $54.7M). Over the past eight quarters, DENTSPLY SIRONA Inc.'s revenue compounded faster (0.4% 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.

Dentsply Sirona Inc. is an American dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries. It has factories in 21 countries. The present company is largely the result of a merger in 1993 in which Gendex Corporation acquired Dentsply International Inc. for $590 million.

AXL vs XRAY — Head-to-Head

Bigger by revenue
AXL
AXL
1.4× larger
AXL
$1.4B
$961.0M
XRAY
Growing faster (revenue YoY)
XRAY
XRAY
+6.0% gap
XRAY
6.2%
0.2%
AXL
Higher net margin
AXL
AXL
9.8% more per $
AXL
-5.4%
-15.2%
XRAY
More free cash flow
XRAY
XRAY
$5.3M more FCF
XRAY
$60.0M
$54.7M
AXL
Faster 2-yr revenue CAGR
XRAY
XRAY
Annualised
XRAY
0.4%
-7.2%
AXL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXL
AXL
XRAY
XRAY
Revenue
$1.4B
$961.0M
Net Profit
$-75.3M
$-146.0M
Gross Margin
10.2%
46.1%
Operating Margin
-2.4%
-14.5%
Net Margin
-5.4%
-15.2%
Revenue YoY
0.2%
6.2%
Net Profit YoY
-449.6%
66.0%
EPS (diluted)
$-0.62
$-0.74

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.

Revenue
AXL
AXL
XRAY
XRAY
Q4 25
$1.4B
$961.0M
Q3 25
$1.5B
$904.0M
Q2 25
$1.5B
$936.0M
Q1 25
$1.4B
$879.0M
Q4 24
$1.4B
$905.0M
Q3 24
$1.5B
$951.0M
Q2 24
$1.6B
$984.0M
Q1 24
$1.6B
$953.0M
Net Profit
AXL
AXL
XRAY
XRAY
Q4 25
$-75.3M
$-146.0M
Q3 25
$9.2M
$-427.0M
Q2 25
$39.3M
$-45.0M
Q1 25
$7.1M
$20.0M
Q4 24
$-13.7M
$-430.0M
Q3 24
$10.0M
$-494.0M
Q2 24
$18.2M
$-4.0M
Q1 24
$20.5M
$18.0M
Gross Margin
AXL
AXL
XRAY
XRAY
Q4 25
10.2%
46.1%
Q3 25
12.6%
48.8%
Q2 25
13.1%
52.4%
Q1 25
12.3%
53.0%
Q4 24
11.2%
49.3%
Q3 24
11.4%
52.1%
Q2 24
13.3%
51.9%
Q1 24
12.4%
53.1%
Operating Margin
AXL
AXL
XRAY
XRAY
Q4 25
-2.4%
-14.5%
Q3 25
3.2%
-24.1%
Q2 25
3.6%
-13.7%
Q1 25
3.0%
7.2%
Q4 24
2.6%
-56.2%
Q3 24
2.8%
-48.6%
Q2 24
5.3%
5.1%
Q1 24
4.8%
4.4%
Net Margin
AXL
AXL
XRAY
XRAY
Q4 25
-5.4%
-15.2%
Q3 25
0.6%
-47.2%
Q2 25
2.6%
-4.8%
Q1 25
0.5%
2.3%
Q4 24
-1.0%
-47.5%
Q3 24
0.7%
-51.9%
Q2 24
1.1%
-0.4%
Q1 24
1.3%
1.9%
EPS (diluted)
AXL
AXL
XRAY
XRAY
Q4 25
$-0.62
$-0.74
Q3 25
$0.07
$-2.14
Q2 25
$0.32
$-0.22
Q1 25
$0.06
$0.10
Q4 24
$-0.11
$-2.09
Q3 24
$0.08
$-2.46
Q2 24
$0.15
$-0.02
Q1 24
$0.17
$0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXL
AXL
XRAY
XRAY
Cash + ST InvestmentsLiquidity on hand
$708.9M
$326.0M
Total DebtLower is stronger
$4.0B
$2.3B
Stockholders' EquityBook value
$640.0M
$1.3B
Total Assets
$6.7B
$5.4B
Debt / EquityLower = less leverage
6.31×
1.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXL
AXL
XRAY
XRAY
Q4 25
$708.9M
$326.0M
Q3 25
$714.1M
$363.0M
Q2 25
$586.5M
$359.0M
Q1 25
$549.2M
$398.0M
Q4 24
$552.9M
$272.0M
Q3 24
$542.5M
$296.0M
Q2 24
$519.9M
$279.0M
Q1 24
$469.8M
$291.0M
Total Debt
AXL
AXL
XRAY
XRAY
Q4 25
$4.0B
$2.3B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
$1.7B
Q3 24
$2.6B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
AXL
AXL
XRAY
XRAY
Q4 25
$640.0M
$1.3B
Q3 25
$718.4M
$1.5B
Q2 25
$673.0M
$2.0B
Q1 25
$596.3M
$2.0B
Q4 24
$562.8M
$1.9B
Q3 24
$616.3M
$2.5B
Q2 24
$609.6M
$3.1B
Q1 24
$621.4M
$3.3B
Total Assets
AXL
AXL
XRAY
XRAY
Q4 25
$6.7B
$5.4B
Q3 25
$5.3B
$5.7B
Q2 25
$5.3B
$6.1B
Q1 25
$5.1B
$6.0B
Q4 24
$5.1B
$5.8B
Q3 24
$5.3B
$6.6B
Q2 24
$5.3B
$6.9B
Q1 24
$5.4B
$7.1B
Debt / Equity
AXL
AXL
XRAY
XRAY
Q4 25
6.31×
1.70×
Q3 25
3.61×
Q2 25
3.86×
Q1 25
4.38×
Q4 24
4.58×
0.90×
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
AXL
AXL
XRAY
XRAY
Operating Cash FlowLast quarter
$120.5M
$101.0M
Free Cash FlowOCF − Capex
$54.7M
$60.0M
FCF MarginFCF / Revenue
4.0%
6.2%
Capex IntensityCapex / Revenue
4.8%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$155.1M
$104.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXL
AXL
XRAY
XRAY
Q4 25
$120.5M
$101.0M
Q3 25
$143.3M
$79.0M
Q2 25
$91.9M
$48.0M
Q1 25
$55.9M
$7.0M
Q4 24
$151.2M
$87.0M
Q3 24
$143.6M
$141.0M
Q2 24
$142.8M
$208.0M
Q1 24
$17.8M
$25.0M
Free Cash Flow
AXL
AXL
XRAY
XRAY
Q4 25
$54.7M
$60.0M
Q3 25
$79.2M
$40.0M
Q2 25
$34.6M
$16.0M
Q1 25
$-13.4M
$-12.0M
Q4 24
$73.2M
$36.0M
Q3 24
$70.4M
$98.0M
Q2 24
$94.0M
$156.0M
Q1 24
$-30.2M
$-9.0M
FCF Margin
AXL
AXL
XRAY
XRAY
Q4 25
4.0%
6.2%
Q3 25
5.3%
4.4%
Q2 25
2.3%
1.7%
Q1 25
-0.9%
-1.4%
Q4 24
5.3%
4.0%
Q3 24
4.7%
10.3%
Q2 24
5.8%
15.9%
Q1 24
-1.9%
-0.9%
Capex Intensity
AXL
AXL
XRAY
XRAY
Q4 25
4.8%
4.3%
Q3 25
4.3%
4.3%
Q2 25
3.7%
3.4%
Q1 25
4.9%
2.2%
Q4 24
5.6%
5.6%
Q3 24
4.9%
4.5%
Q2 24
3.0%
5.3%
Q1 24
3.0%
3.6%
Cash Conversion
AXL
AXL
XRAY
XRAY
Q4 25
Q3 25
15.58×
Q2 25
2.34×
Q1 25
7.87×
0.35×
Q4 24
Q3 24
14.36×
Q2 24
7.85×
Q1 24
0.87×
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXL
AXL

Driveline$748.4M54%
Other$345.7M25%
Metal Forming$289.8M21%

XRAY
XRAY

Essential Dental Solutions$372.0M39%
Equipment And Instruments$160.0M17%
Implants And Prosthetics$150.0M16%
CADCAM$139.0M14%
Wellspect Healthcare$88.0M9%
Orthodontics$52.0M5%

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