NYSE · Financial Statements

American Axle & Manufacturing Holdings, Inc. (AXL) Financial Statements

$8.62 NYSE: AXL Market Cap $1.02B

American Axle & Manufacturing Holdings, Inc. most recently reported annual revenue of $5.8B, a net loss of $20.0M. Revenue grew at an average annual rate of 4.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

American Axle & Manufacturing Holdings, Inc.: Revenue rose from $3.9B in 2016 to $5.8B in 2025, a change of +47.8% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 9.6% to 1.9%, a shift of -7.7 percentage points; the most recent year shows a net loss of $20.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$3.9B$6.3B$7.3B$6.5B$4.7B$5.2B$5.8B$6.1B$6.1B$5.8B
Operating Expenses$3.6B$5.7B$7.2B$6.8B$5.1B$4.9B$5.6B$5.9B$5.9B$5.7B
Operating Profit$381.0M$543.0M$106.0M$-302.0M$-396.0M$241.0M$244.0M$147.0M$241.0M$112.0M
Operating Margin9.6%8.7%1.5%-4.6%-8.4%4.7%4.2%2.4%3.9%1.9%
Other Income$-82.0M$-203.0M$-220.0M$-231.0M$-214.0M$-239.0M$-178.0M$-171.0M$-179.0M$-111.0M
Interest$93.0M$196.0M$216.0M$217.0M$212.0M$195.0M$175.0M$202.0M$186.0M$201.0M
Depreciation$165.0M$377.0M$466.0M$537.0M$522.0M$544.0M$492.0M$487.0M$470.0M$460.0M
Profit Before Tax$299.0M$340.0M$-114.0M$-533.0M$-610.0M$1.0M$66.0M$-24.0M$63.0M$2.0M
Tax$19.5M$740,000$50.1M$9.2M$8.1M$-391.7M$3.0M$-37.1M$44.3M$1.4B
Net Profit$241.0M$337.0M$-57.0M$-484.0M$-561.0M$6.0M$64.0M$-34.0M$35.0M$-20.0M
EPS$3.06$3.21$-0.52$-4.31$-4.96$0.05$0.53$-0.29$0.29$-0.17
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$1.6B$1.6B$1.5B$1.6B$1.6B$1.5B$1.4B$1.4B$1.5B$1.5B$1.4B$2.4B
Operating Expenses$1.5B$1.5B$1.4B$1.5B$1.5B$1.5B$1.3B$1.4B$1.5B$1.5B$1.4B$2.4B
Operating Profit$58.0M$24.0M$29.0M$77.0M$87.0M$42.0M$36.0M$43.0M$55.0M$48.0M$-34.0M$-34.0M
Operating Margin3.7%1.5%2.0%4.8%5.3%2.8%2.6%3.0%3.6%3.2%-2.4%-1.4%
Interest$50.0M$51.0M$50.0M$49.0M$48.0M$45.0M$44.0M$43.0M$43.0M$43.0M$72.0M$90.0M
Profit Before Tax$13.0M$-19.0M$-13.0M$36.0M$35.0M$-2.0M$-7.0M$21.0M$67.0M$-2.0M$-85.0M$-120.0M
Tax$39.9M$10.3M$-43.6M$43.7M$48.6M$576.2M$-98.5M$66.3M$41.7M$641.2M$11.7M$16.4M
Net Profit$8.0M$-17.0M$-19.0M$21.0M$18.0M$10.0M$-14.0M$7.0M$39.0M$9.0M$-75.0M$-100.0M
EPS$0.07$-0.15$-0.16$0.17$0.15$0.08$-0.11$0.06$0.32$0.08$-0.62$-0.84

Over the 10 years reported for American Axle & Manufacturing Holdings, Inc., borrowings decreased from $1.4B in 2016 to $135.0M in 2025, cash stood at $709.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.95 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$3.4B$7.9B$7.5B$6.6B$5.9B$5.6B$5.5B$5.4B$5.1B$6.7B
Current Assets$1.3B$1.9B$2.0B$1.9B$1.9B$1.9B$2.0B$2.0B$1.9B$3.6B
Cash$481.0M$377.0M$476.0M$532.0M$557.0M$530.0M$512.0M$520.0M$553.0M$709.0M
Inventory$220.0M$392.0M$460.0M$374.0M$323.0M$410.0M$464.0M$483.0M$443.0M$466.0M
Receivables$560.0M$1.0B$967.0M$815.0M$793.0M$763.0M$820.0M$819.0M$709.0M$733.0M
Fixed Assets$1.1B$2.4B$2.5B$2.5B$2.3B$2.1B$2.0B$1.9B$1.7B$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$236.0M$252.0M$219.0M$0$0$31.0M$13.0M$6.0M$7.0M$0
Other Assets$154.0M$1.7B$1.1B$699.0M$186.0M$184.0M$182.0M$182.0M$172.0M$174.0M
Total Liabilities$2.9B$6.3B$6.0B$5.7B$5.5B$5.2B$4.8B$4.8B$4.5B$6.0B
Current Liabilities$652.0M$1.2B$1.4B$1.0B$979.0M$1.0B$1.2B$1.2B$1.2B$1.2B
Borrowings$1.4B$4.0B$3.8B$3.8B$3.6B$3.2B$3.1B$2.9B$2.7B$135.0M
Other Liabilities$1.5B$2.4B$2.2B$1.9B$2.0B$1.9B$1.7B$1.9B$1.8B$5.9B
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0
Reserves$530.0M$1.5B$1.5B$978.0M$371.0M$458.0M$627.0M$605.0M$563.0M$640.0M

For American Axle & Manufacturing Holdings, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $155.0M; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$408.0M$647.0M$772.0M$560.0M$455.0M$538.0M$449.0M$396.0M$455.0M$412.0M
Investing Cash Flow$-451.0M$-1.9B$-1.0B$-740.0M$-434.0M$-342.0M$-414.0M$-379.0M$-503.0M$-426.0M
Financing Cash Flow$-5.0M$-97.0M$-13.0M$-11.0M$-14.0M$-9.0M$-33.0M$-28.0M$-6.0M$1.4B
Net Cash Flow$199.0M$-104.0M$102.0M$53.0M$25.0M$-27.0M$-19.0M$8.0M$33.0M$1.7B
Free Cash Flow$185.0M$169.0M$247.0M$126.0M$239.0M$357.0M$278.0M$202.0M$207.0M$155.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.02
EV / EBITDA7.75
FCF Yield0.08%
Quick Ratio1.04
Interest Coverage0.92
Return 1Y—
Return 3Y—
Return 5Y—

American Axle & Manufacturing Holdings, Inc. (AXL) financials — frequently asked questions

What is American Axle & Manufacturing Holdings, Inc.'s annual revenue?

American Axle & Manufacturing Holdings, Inc. (AXL) reported annual revenue of $5.8B in its most recent fiscal year.

What is American Axle & Manufacturing Holdings, Inc.'s net profit?

American Axle & Manufacturing Holdings, Inc. (AXL) reported a net loss of $20.0M in its most recent fiscal year.

What is AXL EV/EBITDA?

American Axle & Manufacturing Holdings, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 7.75.

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