American Axle & Manufacturing (AXL) Financials

$4.12 -0.06 (-1.32%)

As of 02:50 PM Eastern

Annual Income Statements for American Axle & Manufacturing

This table shows American Axle & Manufacturing's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	64	-34	35
Consolidated Net Income / (Loss)	64	-34	35
Net Income / (Loss) Continuing Operations	64	-34	35
Total Pre-Tax Income	66	-25	63
Total Operating Income	244	147	241
Total Gross Profit	705	624	741
Total Revenue	5,802	6,080	6,125
Operating Revenue	5,802	6,080	6,125
Total Cost of Revenue	5,098	5,455	5,384
Operating Cost of Revenue	5,098	5,455	5,384
Total Operating Expenses	461	478	500
Selling, General & Admin Expense	345	367	387
Amortization Expense	86	86	83
Restructuring Charge	30	25	18
Other Special Charges / (Income)	0.00	0.00	12
Total Other Income / (Expense), net	-178	-171	-179
Interest Expense	175	203	186
Interest & Investment Income	17	25	28
Other Income / (Expense), net	-20	6.80	-21
Income Tax Expense	2.00	9.10	28
Basic Earnings per Share	$0.54	($0.29)	$0.29
Weighted Average Basic Shares Outstanding	114.58M	117.07M	117.58M
Diluted Earnings per Share	$0.53	($0.29)	$0.29
Weighted Average Diluted Shares Outstanding	114.58M	117.07M	117.58M
Weighted Average Basic & Diluted Shares Outstanding	114.58M	117.07M	117.58M

This table shows American Axle & Manufacturing's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	27	14	-5.10	8.00	-17	-19	21	18	10	-14
Consolidated Net Income / (Loss)	27	14	-5.10	8.00	-17	-19	21	18	10	-14
Net Income / (Loss) Continuing Operations	27	14	-5.10	8.00	-17	-19	21	18	10	-14
Total Pre-Tax Income	21	18	-5.10	13	-19	-13	36	35	-2.10	-6.90
Total Operating Income	62	54	36	58	24	29	77	87	42	36
Total Gross Profit	177	167	161	178	131	155	199	217	171	154
Total Revenue	1,535	1,393	1,494	1,571	1,552	1,463	1,607	1,632	1,505	1,381
Operating Revenue	1,535	1,393	1,494	1,571	1,552	1,463	1,607	1,632	1,505	1,381
Total Cost of Revenue	1,358	1,226	1,333	1,393	1,421	1,308	1,408	1,415	1,334	1,227
Operating Cost of Revenue	1,358	1,226	1,333	1,393	1,421	1,308	1,408	1,415	1,334	1,227
Total Operating Expenses	115	114	125	120	107	126	122	131	130	118
Selling, General & Admin Expense	86	89	98	91	82	96	98	105	95	89
Amortization Expense	22	21	21	21	21	21	21	21	21	21
Restructuring Charge	7.90	3.80	4.80	7.90	3.50	9.00	2.50	5.00	2.20	8.30
Total Other Income / (Expense), net	-42	-36	-41	-45	-43	-42	-41	-51	-44	-43
Interest Expense	45	36	51	50	51	51	49	48	45	43
Interest & Investment Income	5.40	27	5.90	6.20	5.90	7.10	8.40	6.10	7.10	6.50
Other Income / (Expense), net	-1.90	-26	3.40	-0.50	1.90	2.00	0.00	-9.00	-5.50	-6.20
Income Tax Expense	-5.70	4.10	0.00	5.30	-2.00	5.80	16	17	-12	6.80
Basic Earnings per Share	$0.22	$0.12	($0.04)	$0.07	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)
Weighted Average Basic Shares Outstanding	114.55M	114.58M	117.02M	117.06M	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M
Diluted Earnings per Share	$0.22	$0.11	($0.04)	$0.07	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)
Weighted Average Diluted Shares Outstanding	114.55M	114.58M	117.02M	117.06M	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M
Weighted Average Basic & Diluted Shares Outstanding	114.55M	114.58M	117.02M	117.06M	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M

This table details how cash moves in and out of American Axle & Manufacturing's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-19	8.40	33
Net Cash From Operating Activities	449	396	455
Net Cash From Continuing Operating Activities	449	396	455
Net Income / (Loss) Continuing Operations	64	-34	35
Consolidated Net Income / (Loss)	64	-34	35
Depreciation Expense	492	487	470
Non-Cash Adjustments To Reconcile Net Income	24	2.50	21
Changes in Operating Assets and Liabilities, net	-131	-60	-70
Net Cash From Investing Activities	-243	-185	-255
Net Cash From Continuing Investing Activities	-243	-185	-255
Purchase of Property, Plant & Equipment	-175	-197	-251
Acquisitions	-89	-2.50	-7.30
Purchase of Investments	-0.40	-3.20	-3.20
Sale of Property, Plant & Equipment	4.70	0.90	4.00
Sale and/or Maturity of Investments	0.00	0.00	0.80
Other Investing Activities, net	17	17	2.00
Net Cash From Financing Activities	-217	-206	-156
Net Cash From Continuing Financing Activities	-217	-206	-156
Repayment of Debt	-488	-227	-160
Repurchase of Common Equity	-1.90	-15	-2.80
Issuance of Debt	273	36	7.00
Effect of Exchange Rate Changes	-7.40	2.30	-11
Cash Interest Paid	173	186	185
Cash Income Taxes Paid	40	55	50

This table details how cash moves in and out of American Axle & Manufacturing's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-29	39	-46	45	105	-96	-50	50	23	10
Net Cash From Operating Activities	85	149	32	133	178	53	18	143	144	151
Net Cash From Continuing Operating Activities	85	149	32	133	178	53	18	143	144	151
Net Income / (Loss) Continuing Operations	27	14	-5.10	8.00	-17	-19	21	18	10	-14
Consolidated Net Income / (Loss)	27	14	-5.10	8.00	-17	-19	21	18	10	-14
Depreciation Expense	125	125	125	121	120	121	118	120	117	115
Non-Cash Adjustments To Reconcile Net Income	3.70	1.80	0.20	2.80	3.70	-4.20	5.40	2.80	14	-1.90
Changes in Operating Assets and Liabilities, net	-70	7.80	-88	1.50	72	-45	-126	2.20	2.30	51
Net Cash From Investing Activities	-47	-46	-31	-47	-49	-58	-48	-47	-79	-81
Net Cash From Continuing Investing Activities	-47	-46	-31	-47	-49	-58	-48	-47	-79	-81
Purchase of Property, Plant & Equipment	-48	-56	-47	-47	-49	-54	-51	-49	-74	-77
Acquisitions	-0.70	-0.60	-0.60	-0.70	-0.60	-0.60	-0.60	-0.70	-5.40	-0.60
Sale of Property, Plant & Equipment	0.10	0.40	0.40	-	0.40	0.10	3.10	0.20	0.30	0.40
Net Cash From Financing Activities	-61	-69	-49	-38	-21	-97	-16	-43	-48	-50
Net Cash From Continuing Financing Activities	-61	-69	-49	-38	-21	-97	-16	-43	-48	-50
Repayment of Debt	-62	-120	-40	-67	-22	-98	-13	-42	-55	-50
Effect of Exchange Rate Changes	-6.00	5.70	1.70	-1.70	-4.20	6.50	-3.70	-3.50	5.80	-10
Cash Interest Paid	31	55	42	47	44	54	48	54	37	46
Cash Income Taxes Paid	8.00	12	26	15	0.80	14	12	11	8.90	18

This table presents American Axle & Manufacturing's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	5,469	5,356	5,060
Total Current Assets	1,993	2,007	1,915
Cash & Equivalents	512	520	553
Accounts Receivable	820	819	709
Inventories, net	464	483	443
Prepaid Expenses	198	185	152
Other Current Nonoperating Assets	-	0.00	58
Plant, Property, & Equipment, net	1,903	1,761	1,623
Total Noncurrent Assets	1,573	1,589	1,522
Goodwill	182	182	172
Intangible Assets	616	533	457
Noncurrent Deferred & Refundable Income Taxes	119	169	200
Employee Benefit Assets	128	112	112
Other Noncurrent Operating Assets	529	593	582
Total Liabilities & Shareholders' Equity	5,469	5,356	5,060
Total Liabilities	4,842	4,751	4,497
Total Current Liabilities	1,199	1,202	1,175
Short-Term Debt	76	17	48
Accounts Payable	734	774	701
Current Deferred Revenue	28	17	14
Current Employee Benefit Liabilities	187	200	193
Other Current Liabilities	175	194	195
Other Current Nonoperating Liabilities	-	0.00	24
Total Noncurrent Liabilities	3,643	3,550	3,322
Long-Term Debt	2,845	2,752	2,577
Noncurrent Deferred Revenue	73	70	37
Noncurrent Deferred & Payable Income Tax Liabilities	11	17	12
Noncurrent Employee Benefit Liabilities	626	616	606
Other Noncurrent Operating Liabilities	87	96	90
Total Equity & Noncontrolling Interests	627	605	563
Total Preferred & Common Equity	627	605	563
Preferred Stock	0.00	0.00	0.00
Total Common Equity	627	605	563
Common Stock	1,371	1,384	1,399
Retained Earnings	-250	-283	-248
Treasury Stock	-218	-233	-236
Accumulated Other Comprehensive Income / (Loss)	-275	-263	-352
Other Equity Adjustments	0.00	0.00	0.00

This table presents American Axle & Manufacturing's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	5,680	5,453	5,507	5,475	5,371	5,337	5,328
Total Current Assets	2,056	2,005	2,110	2,139	2,093	2,105	2,136
Cash & Equivalents	472	466	511	616	470	520	543
Accounts Receivable	975	892	921	885	961	935	900
Inventories, net	447	465	477	460	477	469	466
Prepaid Expenses	162	182	200	178	186	181	169
Other Current Nonoperating Assets	-	-	-	-	-	-	58
Plant, Property, & Equipment, net	1,905	1,865	1,818	1,765	1,700	1,682	1,657
Total Noncurrent Assets	1,719	1,584	1,580	1,570	1,578	1,550	1,536
Goodwill	179	182	182	181	181	181	174
Intangible Assets	636	595	574	553	512	492	478
Noncurrent Deferred & Refundable Income Taxes	136	135	136	152	165	162	188
Employee Benefit Assets	200	130	128	127	113	112	109
Other Noncurrent Operating Assets	567	542	560	558	606	603	587
Total Liabilities & Shareholders' Equity	5,680	5,453	5,507	5,475	5,371	5,337	5,328
Total Liabilities	5,193	4,831	4,863	4,861	4,750	4,727	4,712
Total Current Liabilities	1,214	1,198	1,234	1,249	1,236	1,255	1,294
Short-Term Debt	19	50	16	25	25	27	43
Accounts Payable	780	771	828	812	830	838	806
Current Deferred Revenue	29	27	16	16	15	14	17
Current Employee Benefit Liabilities	202	167	184	197	175	190	205
Other Current Liabilities	184	183	189	200	191	187	199
Other Current Nonoperating Liabilities	-	-	-	-	-	-	24
Total Noncurrent Liabilities	3,979	3,633	3,629	3,613	3,514	3,472	3,418
Long-Term Debt	2,974	2,848	2,854	2,834	2,735	2,695	2,638
Noncurrent Deferred Revenue	70	69	69	67	70	67	42
Noncurrent Deferred & Payable Income Tax Liabilities	15	11	6.40	6.70	16	15	16
Noncurrent Employee Benefit Liabilities	830	620	615	611	602	604	630
Other Noncurrent Operating Liabilities	90	86	84	94	91	91	91
Total Equity & Noncontrolling Interests	487	622	645	614	621	610	616
Total Preferred & Common Equity	487	622	645	614	621	610	616
Total Common Equity	487	622	645	614	621	610	616
Common Stock	1,367	1,374	1,377	1,381	1,388	1,392	1,396
Retained Earnings	-264	-255	-247	-264	-263	-245	-235
Treasury Stock	-218	-233	-233	-233	-236	-236	-236
Accumulated Other Comprehensive Income / (Loss)	-398	-265	-253	-270	-268	-318	-297
Other Equity Adjustments	-	-	-	-	-	17	-12

This table displays calculated financial ratios and metrics derived from American Axle & Manufacturing's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	12.52%	4.78%	0.75%
EBITDA Growth	-7.28%	-10.52%	7.77%
EBIT Growth	-1.76%	-31.46%	43.87%
NOPAT Growth	-80.00%	-56.62%	31.10%
Net Income Growth	989.83%	-152.26%	204.17%
EPS Growth	960.00%	-154.72%	200.00%
Operating Cash Flow Growth	-16.62%	-11.76%	14.97%
Free Cash Flow Firm Growth	-83.70%	23.15%	35.70%
Invested Capital Growth	0.16%	-6.02%	-8.86%
Revenue Q/Q Growth	2.79%	1.17%	-1.32%
EBITDA Q/Q Growth	1.16%	0.00%	-0.63%
EBIT Q/Q Growth	2.90%	2.40%	0.73%
NOPAT Q/Q Growth	51.74%	778.55%	9.55%
Net Income Q/Q Growth	1,468.29%	-5,500.00%	18.24%
EPS Q/Q Growth	1,666.67%	-2,800.00%	26.09%
Operating Cash Flow Q/Q Growth	11.44%	-19.44%	27.53%
Free Cash Flow Firm Q/Q Growth	16.39%	110.13%	50.05%
Invested Capital Q/Q Growth	0.97%	-0.09%	-4.41%
Profitability Metrics	-	-	-
Gross Margin	12.15%	10.27%	12.10%
EBITDA Margin	12.34%	10.54%	11.27%
Operating Margin	4.20%	2.41%	3.94%
EBIT Margin	3.86%	2.52%	3.60%
Profit (Net Income) Margin	1.11%	-0.55%	0.57%
Tax Burden Percent	96.98%	137.14%	55.73%
Interest Burden Percent	29.62%	-15.97%	28.45%
Effective Tax Rate	3.02%	0.00%	44.27%
Return on Invested Capital (ROIC)	7.80%	3.48%	4.93%
ROIC Less NNEP Spread (ROIC-NNEP)	0.88%	-2.36%	0.29%
Return on Net Nonoperating Assets (RNNOA)	4.06%	-8.94%	1.06%
Return on Equity (ROE)	11.85%	-5.45%	5.99%
Cash Return on Invested Capital (CROIC)	7.64%	9.69%	14.21%
Operating Return on Assets (OROA)	4.03%	2.83%	4.24%
Return on Assets (ROA)	1.16%	-0.62%	0.67%
Return on Common Equity (ROCE)	11.85%	-5.45%	5.99%
Return on Equity Simple (ROE_SIMPLE)	10.25%	-5.55%	6.22%
Net Operating Profit after Tax (NOPAT)	237	103	135
NOPAT Margin	4.08%	1.69%	2.20%
Net Nonoperating Expense Percent (NNEP)	6.91%	5.85%	4.64%
Return On Investment Capital (ROIC_SIMPLE)	6.67%	3.04%	4.22%
Cost of Revenue to Revenue	87.85%	89.73%	87.90%
SG&A Expenses to Revenue	5.95%	6.04%	6.32%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.95%	7.86%	8.16%
Earnings before Interest and Taxes (EBIT)	224	153	221
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	716	641	690
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.43	1.70	1.22
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.15	0.17	0.11
Price to Earnings (P/E)	13.93	0.00	19.59
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	7.18%	0.00%	5.11%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.15	1.06
Enterprise Value to Revenue (EV/Rev)	0.57	0.54	0.45
Enterprise Value to EBITDA (EV/EBITDA)	4.62	5.12	3.99
Enterprise Value to EBIT (EV/EBIT)	14.77	21.38	12.49
Enterprise Value to NOPAT (EV/NOPAT)	13.97	31.97	20.50
Enterprise Value to Operating Cash Flow (EV/OCF)	7.36	8.28	6.05
Enterprise Value to Free Cash Flow (EV/FCFF)	14.26	11.49	7.12
Leverage & Solvency	-	-	-
Debt to Equity	4.66	4.58	4.66
Long-Term Debt to Equity	4.54	4.55	4.58
Financial Leverage	4.59	3.78	3.67
Leverage Ratio	10.23	8.79	8.92
Compound Leverage Factor	3.03	-1.40	2.54
Debt to Total Capital	82.32%	82.07%	82.34%
Short-Term Debt to Total Capital	2.14%	0.50%	1.50%
Long-Term Debt to Total Capital	80.18%	81.57%	80.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	17.68%	17.93%	17.66%
Debt to EBITDA	4.08	4.32	3.80
Net Debt to EBITDA	3.37	3.51	3.00
Long-Term Debt to EBITDA	3.97	4.30	3.73
Debt to NOPAT	12.35	26.98	19.51
Net Debt to NOPAT	10.19	21.92	15.40
Long-Term Debt to NOPAT	12.03	26.82	19.15
Altman Z-Score	1.42	1.47	1.55
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.66	1.67	1.63
Quick Ratio	1.11	1.11	1.07
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	232	286	387
Operating Cash Flow to CapEx	262.98%	202.30%	184.30%
Free Cash Flow to Firm to Interest Expense	1.33	1.41	2.08
Operating Cash Flow to Interest Expense	2.57	1.95	2.45
Operating Cash Flow Less CapEx to Interest Expense	1.59	0.99	1.12
Efficiency Ratios	-	-	-
Asset Turnover	1.05	1.12	1.18
Accounts Receivable Turnover	7.33	7.42	8.02
Inventory Turnover	11.66	11.52	11.64
Fixed Asset Turnover	2.98	3.32	3.62
Accounts Payable Turnover	7.57	7.24	7.30
Days Sales Outstanding (DSO)	49.79	49.19	45.52
Days Inventory Outstanding (DIO)	31.30	31.67	31.37
Days Payable Outstanding (DPO)	48.22	50.45	49.98
Cash Conversion Cycle (CCC)	32.87	30.42	26.91
Capital & Investment Metrics	-	-	-
Invested Capital	3,037	2,854	2,601
Invested Capital Turnover	1.91	2.06	2.25
Increase / (Decrease) in Invested Capital	4.70	-183	-253
Enterprise Value (EV)	3,305	3,280	2,757
Market Capitalization	896	1,031	685
Book Value per Share	$5.48	$5.17	$4.79
Tangible Book Value per Share	($1.49)	($0.94)	($0.56)
Total Capital	3,548	3,374	3,188
Total Debt	2,921	2,769	2,625
Total Long-Term Debt	2,845	2,752	2,577
Net Debt	2,410	2,249	2,072
Capital Expenditures (CapEx)	171	196	247
Debt-free, Cash-free Net Working Capital (DFCFNWC)	359	302	235
Debt-free Net Working Capital (DFNWC)	870	822	788
Net Working Capital (NWC)	794	805	740
Net Nonoperating Expense (NNE)	172	136	100
Net Nonoperating Obligations (NNO)	2,410	2,249	2,038
Total Depreciation and Amortization (D&A)	492	487	470
Debt-free, Cash-free Net Working Capital to Revenue	6.18%	4.97%	3.83%
Debt-free Net Working Capital to Revenue	14.99%	13.52%	12.86%
Net Working Capital to Revenue	13.69%	13.24%	12.08%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.54	($0.29)	$0.29
Adjusted Weighted Average Basic Shares Outstanding	114.58M	117.07M	117.58M
Adjusted Diluted Earnings per Share	$0.53	($0.29)	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	114.58M	117.07M	117.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	114.58M	117.07M	117.58M
Normalized Net Operating Profit after Tax (NOPAT)	266	120	151
Normalized NOPAT Margin	4.58%	1.98%	2.47%
Pre Tax Income Margin	1.14%	-0.40%	1.03%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.28	0.76	1.19
NOPAT to Interest Expense	1.36	0.51	0.72
EBIT Less CapEx to Interest Expense	0.30	-0.21	-0.14
NOPAT Less CapEx to Interest Expense	0.38	-0.46	-0.61
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	2.95%	-43.75%	8.00%

This table displays calculated financial ratios and metrics derived from American Axle & Manufacturing's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.55%	12.76%	4.02%	9.21%	1.09%	5.05%	7.56%	3.92%	-3.03%	-5.62%
EBITDA Growth	3.58%	5.69%	-13.34%	-5.83%	-21.06%	0.00%	18.49%	10.85%	4.72%	-4.47%
EBIT Growth	39.81%	30.14%	-43.00%	-14.35%	-57.28%	13.24%	94.94%	35.25%	40.31%	-2.60%
NOPAT Growth	144.90%	82.50%	43.78%	-38.17%	-78.92%	-51.29%	71.61%	27.91%	74.48%	25.69%
Net Income Growth	1,204.17%	130.02%	-610.00%	-65.07%	-165.66%	-237.41%	501.96%	127.50%	157.47%	28.27%
EPS Growth	1,200.00%	128.21%	-500.00%	-63.16%	-168.18%	-254.55%	525.00%	114.29%	153.33%	35.29%
Operating Cash Flow Growth	-5.12%	45.02%	-53.14%	-9.48%	109.27%	-64.38%	-44.55%	7.53%	-19.46%	185.82%
Free Cash Flow Firm Growth	-66.82%	-85.98%	-93.81%	-62.88%	36.73%	453.43%	1,833.81%	397.56%	-1.87%	37.02%
Invested Capital Growth	-1.42%	0.16%	0.52%	-0.42%	-5.02%	-6.02%	-4.64%	-6.40%	-4.74%	-8.86%
Revenue Q/Q Growth	6.74%	-9.28%	7.27%	5.14%	-1.20%	-5.73%	9.84%	1.58%	-7.80%	-8.25%
EBITDA Q/Q Growth	-1.91%	-17.82%	8.02%	8.15%	-17.77%	4.10%	29.01%	1.18%	-22.32%	-5.03%
EBIT Q/Q Growth	-9.72%	-54.97%	45.22%	45.06%	-54.97%	19.38%	160.14%	0.65%	-53.29%	-17.13%
NOPAT Q/Q Growth	41.17%	-47.85%	-38.95%	37.58%	-51.88%	20.50%	115.11%	2.55%	-34.36%	-13.19%
Net Income Q/Q Growth	15.72%	-47.55%	-136.69%	256.86%	-317.50%	-9.77%	207.33%	-11.22%	-45.05%	-237.00%
EPS Q/Q Growth	15.79%	-50.00%	-136.36%	275.00%	-314.29%	-13.33%	200.00%	-11.76%	-46.67%	-237.50%
Operating Cash Flow Q/Q Growth	-41.92%	74.30%	-78.38%	313.71%	34.26%	-70.33%	-66.35%	702.25%	0.56%	5.29%
Free Cash Flow Firm Q/Q Growth	-4.26%	-70.09%	-73.92%	397.04%	252.62%	21.06%	-8.86%	27.89%	-30.46%	69.05%
Invested Capital Q/Q Growth	-0.31%	0.97%	0.54%	-1.62%	-4.91%	-0.09%	2.02%	-3.43%	-3.22%	-4.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.56%	12.01%	10.75%	11.35%	8.42%	10.59%	12.35%	13.31%	11.38%	11.17%
EBITDA Margin	12.06%	10.93%	11.00%	11.32%	9.42%	10.40%	12.12%	12.08%	10.17%	10.53%
Operating Margin	4.06%	3.85%	2.42%	3.68%	1.54%	1.97%	4.79%	5.30%	2.77%	2.62%
EBIT Margin	3.93%	1.95%	2.64%	3.65%	1.66%	2.11%	4.79%	4.75%	2.41%	2.17%
Profit (Net Income) Margin	1.73%	1.00%	-0.34%	0.51%	-1.12%	-1.31%	1.28%	1.12%	0.66%	-0.99%
Tax Burden Percent	127.40%	77.22%	100.00%	60.15%	89.69%	143.61%	56.32%	51.41%	-476.19%	198.55%
Interest Burden Percent	34.44%	66.18%	-12.91%	23.21%	-75.19%	-43.18%	47.27%	45.68%	-5.80%	-23.00%
Effective Tax Rate	-27.40%	22.78%	0.00%	39.85%	0.00%	0.00%	43.68%	48.59%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.63%	5.68%	3.25%	4.41%	2.21%	2.84%	5.60%	5.86%	4.32%	4.12%
ROIC Less NNEP Spread (ROIC-NNEP)	7.58%	4.58%	2.04%	3.32%	0.78%	1.16%	4.63%	4.71%	3.43%	2.30%
Return on Net Nonoperating Assets (RNNOA)	42.36%	21.03%	9.18%	14.60%	3.36%	4.38%	17.61%	17.12%	12.14%	8.44%
Return on Equity (ROE)	51.99%	26.72%	12.43%	19.01%	5.57%	7.23%	23.21%	22.98%	16.46%	12.57%
Cash Return on Invested Capital (CROIC)	6.58%	7.64%	6.49%	6.85%	4.63%	9.69%	1.79%	7.03%	9.26%	14.21%
Operating Return on Assets (OROA)	3.92%	2.04%	2.77%	3.88%	1.79%	2.36%	5.48%	5.48%	2.76%	2.56%
Return on Assets (ROA)	1.72%	1.04%	-0.36%	0.54%	-1.21%	-1.47%	1.46%	1.29%	0.76%	-1.17%
Return on Common Equity (ROCE)	52.96%	26.72%	12.43%	19.01%	5.57%	7.23%	23.21%	22.98%	16.46%	12.57%
Return on Equity Simple (ROE_SIMPLE)	0.84%	0.00%	9.36%	6.72%	-0.10%	0.00%	-1.29%	0.36%	4.80%	0.00%
Net Operating Profit after Tax (NOPAT)	79	41	25	35	17	20	43	44	29	25
NOPAT Margin	5.17%	2.97%	1.69%	2.21%	1.08%	1.38%	2.70%	2.72%	1.94%	1.84%
Net Nonoperating Expense Percent (NNEP)	2.06%	1.10%	1.22%	1.09%	1.43%	1.69%	0.97%	1.15%	0.88%	1.82%
Return On Investment Capital (ROIC_SIMPLE)	-	1.17%	-	-	-	0.60%	-	-	-	0.80%
Cost of Revenue to Revenue	88.44%	87.99%	89.25%	88.65%	91.58%	89.41%	87.65%	86.69%	88.62%	88.83%
SG&A Expenses to Revenue	5.58%	6.35%	6.58%	5.80%	5.27%	6.54%	6.12%	6.44%	6.29%	6.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.50%	8.16%	8.33%	7.67%	6.88%	8.62%	7.56%	8.01%	8.61%	8.55%
Earnings before Interest and Taxes (EBIT)	60	27	40	57	26	31	77	78	36	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	185	152	164	178	146	152	195	197	153	145
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.61	1.43	1.44	1.50	1.38	1.70	1.39	1.35	1.18	1.22
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.14	0.15	0.15	0.16	0.14	0.17	0.14	0.13	0.12	0.11
Price to Earnings (P/E)	190.82	13.93	15.38	22.35	0.00	0.00	0.00	373.50	24.55	19.59
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.52%	7.18%	6.50%	4.47%	0.00%	0.00%	0.00%	0.27%	4.07%	5.11%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.09	1.09	1.11	1.08	1.15	1.08	1.08	1.05	1.06
Enterprise Value to Revenue (EV/Rev)	0.59	0.57	0.57	0.56	0.51	0.54	0.51	0.48	0.46	0.45
Enterprise Value to EBITDA (EV/EBITDA)	4.67	4.62	4.82	4.90	4.83	5.12	4.71	4.40	4.12	3.99
Enterprise Value to EBIT (EV/EBIT)	15.19	14.77	17.15	18.04	20.65	21.38	16.72	14.49	13.08	12.49
Enterprise Value to NOPAT (EV/NOPAT)	21.19	13.97	15.59	17.21	0.00	31.97	0.00	248.57	23.33	20.50
Enterprise Value to Operating Cash Flow (EV/OCF)	8.20	7.36	8.06	8.35	6.29	8.28	8.26	7.72	8.02	6.05
Enterprise Value to Free Cash Flow (EV/FCFF)	16.58	14.26	16.83	16.14	22.76	11.49	58.95	14.80	11.10	7.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.15	4.66	4.66	4.45	4.66	4.58	4.44	4.47	4.35	4.66
Long-Term Debt to Equity	6.11	4.54	4.58	4.43	4.62	4.55	4.40	4.42	4.28	4.58
Financial Leverage	5.59	4.59	4.51	4.40	4.33	3.78	3.80	3.64	3.53	3.67
Leverage Ratio	12.32	10.23	10.10	10.12	10.14	8.79	8.71	8.64	8.78	8.92
Compound Leverage Factor	4.24	6.77	-1.30	2.35	-7.62	-3.79	4.12	3.95	-0.51	-2.05
Debt to Total Capital	86.02%	82.32%	82.33%	81.66%	82.32%	82.07%	81.62%	81.70%	81.31%	82.34%
Short-Term Debt to Total Capital	0.55%	2.14%	1.41%	0.46%	0.71%	0.50%	0.74%	0.82%	1.30%	1.50%
Long-Term Debt to Total Capital	85.47%	80.18%	80.92%	81.19%	81.62%	81.57%	80.88%	80.89%	80.01%	80.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	13.98%	17.68%	17.67%	18.34%	17.68%	17.93%	18.38%	18.30%	18.69%	17.66%
Debt to EBITDA	4.23	4.08	4.20	4.22	4.46	4.32	4.13	3.96	3.86	3.80
Net Debt to EBITDA	3.56	3.37	3.52	3.47	3.50	3.51	3.43	3.20	3.08	3.00
Long-Term Debt to EBITDA	4.20	3.97	4.12	4.20	4.42	4.30	4.09	3.92	3.80	3.73
Debt to NOPAT	19.20	12.35	13.58	14.85	-189.00	26.98	-31.28	223.76	21.83	19.51
Net Debt to NOPAT	16.17	10.19	11.40	12.21	-148.30	21.92	-25.96	181.02	17.41	15.40
Long-Term Debt to NOPAT	19.08	12.03	13.35	14.77	-187.38	26.82	-31.00	221.53	21.48	19.15
Altman Z-Score	1.23	1.30	1.32	1.37	1.35	1.39	1.43	1.45	1.41	1.43
Noncontrolling Interest Sharing Ratio	-1.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	1.66	1.67	1.71	1.71	1.67	1.69	1.68	1.65	1.63
Quick Ratio	1.19	1.11	1.13	1.16	1.20	1.11	1.16	1.16	1.11	1.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	123	37	9.57	48	168	203	185	237	165	278
Operating Cash Flow to CapEx	176.76%	268.54%	68.44%	284.37%	369.92%	97.96%	37.40%	292.62%	194.32%	196.88%
Free Cash Flow to Firm to Interest Expense	2.73	1.01	0.19	0.95	3.28	3.97	3.78	4.91	3.63	6.41
Operating Cash Flow to Interest Expense	1.89	4.09	0.64	2.65	3.49	1.03	0.36	2.96	3.16	3.48
Operating Cash Flow Less CapEx to Interest Expense	0.82	2.57	-0.29	1.72	2.55	-0.02	-0.61	1.95	1.54	1.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.00	1.05	1.05	1.06	1.08	1.12	1.14	1.15	1.15	1.18
Accounts Receivable Turnover	6.59	7.33	6.44	6.48	6.46	7.42	6.69	6.74	6.95	8.02
Inventory Turnover	11.49	11.66	11.81	11.20	11.84	11.52	11.75	11.74	11.80	11.64
Fixed Asset Turnover	2.90	2.98	3.07	3.16	3.27	3.32	3.47	3.57	3.63	3.62
Accounts Payable Turnover	7.17	7.57	6.79	6.51	6.75	7.24	6.91	6.67	6.76	7.30
Days Sales Outstanding (DSO)	55.42	49.79	56.69	56.35	56.48	49.19	54.60	54.17	52.49	45.52
Days Inventory Outstanding (DIO)	31.77	31.30	30.90	32.58	30.82	31.67	31.07	31.10	30.92	31.37
Days Payable Outstanding (DPO)	50.87	48.22	53.75	56.10	54.05	50.45	52.85	54.76	54.01	49.98
Cash Conversion Cycle (CCC)	36.32	32.87	33.84	32.84	33.24	30.42	32.82	30.52	29.40	26.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,008	3,037	3,053	3,004	2,857	2,854	2,912	2,812	2,721	2,601
Invested Capital Turnover	1.86	1.91	1.92	1.99	2.05	2.06	2.08	2.15	2.23	2.25
Increase / (Decrease) in Invested Capital	-43	4.70	16	-13	-151	-183	-142	-192	-135	-253
Enterprise Value (EV)	3,303	3,305	3,326	3,327	3,093	3,280	3,152	3,024	2,865	2,757
Market Capitalization	782	896	895	968	850	1,031	862	822	727	685
Book Value per Share	$4.25	$5.48	$5.43	$5.51	$5.24	$5.17	$5.29	$5.19	$5.24	$4.79
Tangible Book Value per Share	($2.87)	($1.49)	($1.35)	($0.95)	($1.03)	($0.94)	($0.61)	($0.54)	($0.30)	($0.56)
Total Capital	3,480	3,548	3,519	3,515	3,472	3,374	3,381	3,332	3,297	3,188
Total Debt	2,993	2,921	2,897	2,870	2,858	2,769	2,760	2,722	2,681	2,625
Total Long-Term Debt	2,974	2,845	2,848	2,854	2,834	2,752	2,735	2,695	2,638	2,577
Net Debt	2,521	2,410	2,432	2,359	2,243	2,249	2,290	2,202	2,139	2,072
Capital Expenditures (CapEx)	48	55	47	47	48	54	48	49	74	77
Debt-free, Cash-free Net Working Capital (DFCFNWC)	388	359	390	381	299	302	413	358	342	235
Debt-free Net Working Capital (DFNWC)	860	870	856	892	915	822	883	878	884	788
Net Working Capital (NWC)	841	794	807	876	891	805	858	850	841	740
Net Nonoperating Expense (NNE)	53	27	30	27	34	39	23	26	19	39
Net Nonoperating Obligations (NNO)	2,521	2,410	2,432	2,359	2,243	2,249	2,290	2,202	2,105	2,038
Total Depreciation and Amortization (D&A)	125	125	125	121	120	121	118	120	117	115
Debt-free, Cash-free Net Working Capital to Revenue	6.88%	6.18%	6.66%	6.36%	4.98%	4.97%	6.67%	5.72%	5.50%	3.83%
Debt-free Net Working Capital to Revenue	15.24%	14.99%	14.61%	14.89%	15.23%	13.52%	14.25%	14.03%	14.24%	12.86%
Net Working Capital to Revenue	14.90%	13.69%	13.76%	14.62%	14.82%	13.24%	13.85%	13.60%	13.55%	12.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.12	($0.04)	$0.07	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	114.55M	114.58M	117.02M	117.06M	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M
Adjusted Diluted Earnings per Share	$0.22	$0.11	($0.04)	$0.07	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	114.55M	114.58M	117.02M	117.06M	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	114.55M	114.58M	117.02M	117.06M	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M
Normalized Net Operating Profit after Tax (NOPAT)	49	44	29	40	19	26	45	47	39	31
Normalized NOPAT Margin	3.20%	3.18%	1.92%	2.52%	1.24%	1.81%	2.79%	2.88%	2.60%	2.26%
Pre Tax Income Margin	1.35%	1.29%	-0.34%	0.85%	-1.25%	-0.91%	2.27%	2.17%	-0.14%	-0.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.34	0.75	0.78	1.14	0.50	0.60	1.57	1.61	0.80	0.69
NOPAT to Interest Expense	1.76	1.14	0.50	0.69	0.33	0.39	0.89	0.92	0.64	0.58
EBIT Less CapEx to Interest Expense	0.27	-0.77	-0.15	0.21	-0.44	-0.45	0.60	0.60	-0.83	-1.08
NOPAT Less CapEx to Interest Expense	0.69	-0.38	-0.43	-0.24	-0.62	-0.66	-0.09	-0.09	-0.98	-1.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	46.34%	2.95%	25.09%	33.95%	-2,450.00%	-43.75%	-36.25%	127.27%	9.46%	8.00%

Key Financial Trends

American Axle & Manufacturing (AXL) Q4 2024 – Key Takeaways

Net cash from operating activities surged to $151.2 million in Q4 2024 vs. $52.9 million in Q4 2023
Free cash flow to firm rose 37% year-over-year to $278.2 million in Q4 2024
Operating income climbed to $36.2 million in Q4 2024 from $28.8 million a year earlier
NOPAT margin expanded to 1.84% in Q4 2024 vs. 1.38% in Q4 2023
Net debt declined to $2.07 billion in Q4 2024 from $2.25 billion in Q4 2023
Gross margin ticked up to 11.17% in Q4 2024 vs. 10.59% in Q4 2023
Net debt/EBITDA remains around 3.0×, maintaining moderate leverage
Total revenue fell 5.6% year-over-year to $1.3808 billion in Q4 2024
EBITDA declined 4.5% to $145.4 million in Q4 2024 vs. $152.2 million in Q4 2023
Reported net loss of $13.7 million (–$0.11 EPS) in Q4 2024, though narrower than the $19.1 million loss in Q4 2023

06/25/25 01:51 PMAI Generated. May Contain Errors.

Frequently Asked Questions About American Axle & Manufacturing's Financials

When does American Axle & Manufacturing's fiscal year end?

According to the most recent income statement we have on file, American Axle & Manufacturing's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has American Axle & Manufacturing's net income changed over the last 2 years?

American Axle & Manufacturing's net income appears to be on a downward trend, with a most recent value of $35 million in 2024, falling from $64.30 million in 2022. The previous period was -$33.60 million in 2023. See American Axle & Manufacturing's forecast for analyst expectations on what’s next for the company.

What is American Axle & Manufacturing's operating income?

American Axle & Manufacturing's total operating income in 2024 was $241.40 million, based on the following breakdown:

Total Gross Profit: $741.40 million
Total Operating Expenses: $500 million

How has American Axle & Manufacturing's revenue changed over the last 2 years?

Over the last 2 years, American Axle & Manufacturing's total revenue changed from $5.80 billion in 2022 to $6.12 billion in 2024, a change of 5.6%.

How much debt does American Axle & Manufacturing have?

American Axle & Manufacturing's total liabilities were at $4.50 billion at the end of 2024, a 5.4% decrease from 2023, and a 7.1% decrease since 2022.

How much cash does American Axle & Manufacturing have?

In the past 2 years, American Axle & Manufacturing's cash and equivalents has ranged from $511.50 million in 2022 to $552.90 million in 2024, and is currently $552.90 million as of their latest financial filing in 2024.

How has American Axle & Manufacturing's book value per share changed over the last 2 years?

Over the last 2 years, American Axle & Manufacturing's book value per share changed from 5.48 in 2022 to 4.79 in 2024, a change of -12.6%.

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This page (NYSE:AXL) was last updated on 6/25/2025 by MarketBeat.com Staff

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American Axle & Manufacturing (AXL) Financials

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