American Axle & Manufacturing (AXL) Financials

$4.40 -0.06 (-1.35%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$4.38 -0.02 (-0.34%)

As of 05/30/2025 06:16 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	35	-34	64
Consolidated Net Income / (Loss)	35	-34	64
Net Income / (Loss) Continuing Operations	35	-34	64
Total Pre-Tax Income	63	-25	66
Total Operating Income	241	147	244
Total Gross Profit	741	624	705
Total Revenue	6,125	6,080	5,802
Operating Revenue	6,125	6,080	5,802
Total Cost of Revenue	5,384	5,455	5,098
Operating Cost of Revenue	5,384	5,455	5,098
Total Operating Expenses	500	478	461
Selling, General & Admin Expense	387	367	345
Amortization Expense	83	86	86
Restructuring Charge	18	25	30
Other Special Charges / (Income)	12	0.00	0.00
Total Other Income / (Expense), net	-179	-171	-178
Interest Expense	186	203	175
Interest & Investment Income	28	25	17
Other Income / (Expense), net	-21	6.80	-20
Income Tax Expense	28	9.10	2.00
Basic Earnings per Share	$0.29	($0.29)	$0.54
Weighted Average Basic Shares Outstanding	117.58M	117.07M	114.58M
Diluted Earnings per Share	$0.29	($0.29)	$0.53
Weighted Average Diluted Shares Outstanding	117.58M	117.07M	114.58M
Weighted Average Basic & Diluted Shares Outstanding	117.58M	117.07M	114.58M

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

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

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

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	5,060	5,356	5,469
Total Current Assets	1,915	2,007	1,993
Cash & Equivalents	553	520	512
Accounts Receivable	709	819	820
Inventories, net	443	483	464
Prepaid Expenses	152	185	198
Other Current Nonoperating Assets	58	0.00	-
Plant, Property, & Equipment, net	1,623	1,761	1,903
Total Noncurrent Assets	1,522	1,589	1,573
Goodwill	172	182	182
Intangible Assets	457	533	616
Noncurrent Deferred & Refundable Income Taxes	200	169	119
Employee Benefit Assets	112	112	128
Other Noncurrent Operating Assets	582	593	529
Total Liabilities & Shareholders' Equity	5,060	5,356	5,469
Total Liabilities	4,497	4,751	4,842
Total Current Liabilities	1,175	1,202	1,199
Short-Term Debt	48	17	76
Accounts Payable	701	774	734
Current Deferred Revenue	14	17	28
Current Employee Benefit Liabilities	193	200	187
Other Current Liabilities	195	194	175
Other Current Nonoperating Liabilities	24	0.00	-
Total Noncurrent Liabilities	3,322	3,550	3,643
Long-Term Debt	2,577	2,752	2,845
Noncurrent Deferred Revenue	37	70	73
Noncurrent Deferred & Payable Income Tax Liabilities	12	17	11
Noncurrent Employee Benefit Liabilities	606	616	626
Other Noncurrent Operating Liabilities	90	96	87
Total Equity & Noncontrolling Interests	563	605	627
Total Preferred & Common Equity	563	605	627
Preferred Stock	0.00	0.00	0.00
Total Common Equity	563	605	627
Common Stock	1,399	1,384	1,371
Retained Earnings	-248	-283	-250
Treasury Stock	-236	-233	-218
Accumulated Other Comprehensive Income / (Loss)	-352	-263	-275
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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,328	5,337	5,371	5,475	5,507	5,453	5,680
Total Current Assets	2,136	2,105	2,093	2,139	2,110	2,005	2,056
Cash & Equivalents	543	520	470	616	511	466	472
Accounts Receivable	900	935	961	885	921	892	975
Inventories, net	466	469	477	460	477	465	447
Prepaid Expenses	169	181	186	178	200	182	162
Other Current Nonoperating Assets	58	-	-	-	-	-	-
Plant, Property, & Equipment, net	1,657	1,682	1,700	1,765	1,818	1,865	1,905
Total Noncurrent Assets	1,536	1,550	1,578	1,570	1,580	1,584	1,719
Goodwill	174	181	181	181	182	182	179
Intangible Assets	478	492	512	553	574	595	636
Noncurrent Deferred & Refundable Income Taxes	188	162	165	152	136	135	136
Employee Benefit Assets	109	112	113	127	128	130	200
Other Noncurrent Operating Assets	587	603	606	558	560	542	567
Total Liabilities & Shareholders' Equity	5,328	5,337	5,371	5,475	5,507	5,453	5,680
Total Liabilities	4,712	4,727	4,750	4,861	4,863	4,831	5,193
Total Current Liabilities	1,294	1,255	1,236	1,249	1,234	1,198	1,214
Short-Term Debt	43	27	25	25	16	50	19
Accounts Payable	806	838	830	812	828	771	780
Current Deferred Revenue	17	14	15	16	16	27	29
Current Employee Benefit Liabilities	205	190	175	197	184	167	202
Other Current Liabilities	199	187	191	200	189	183	184
Other Current Nonoperating Liabilities	24	-	-	-	-	-	-
Total Noncurrent Liabilities	3,418	3,472	3,514	3,613	3,629	3,633	3,979
Long-Term Debt	2,638	2,695	2,735	2,834	2,854	2,848	2,974
Noncurrent Deferred Revenue	42	67	70	67	69	69	70
Noncurrent Deferred & Payable Income Tax Liabilities	16	15	16	6.70	6.40	11	15
Noncurrent Employee Benefit Liabilities	630	604	602	611	615	620	830
Other Noncurrent Operating Liabilities	91	91	91	94	84	86	90
Total Equity & Noncontrolling Interests	616	610	621	614	645	622	487
Total Preferred & Common Equity	616	610	621	614	645	622	487
Total Common Equity	616	610	621	614	645	622	487
Common Stock	1,396	1,392	1,388	1,381	1,377	1,374	1,367
Retained Earnings	-235	-245	-263	-264	-247	-255	-264
Treasury Stock	-236	-236	-236	-233	-233	-233	-218
Accumulated Other Comprehensive Income / (Loss)	-297	-318	-268	-270	-253	-265	-398
Other Equity Adjustments	-12	17	-	-	-	-	-

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

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

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

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

Frequently Asked Questions About American Axle & Manufacturing's Financials

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

According to the most recent income statement we have on file, American Axle & Manufacturing's fiscal year ends in December. Their fiscal 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 where experts think American Axle & Manufacturing is headed by visiting American Axle & Manufacturing's forecast page.

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 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 6/1/2025 by MarketBeat.com Staff

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American Axle & Manufacturing (AXL) Financials

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American Axle & Manufacturing (AXL) Financials

Annual Income Statements for American Axle & Manufacturing

Quarterly Income Statements for American Axle & Manufacturing

Annual Cash Flow Statements for American Axle & Manufacturing

Quarterly Cash Flow Statements for American Axle & Manufacturing

Annual Balance Sheets for American Axle & Manufacturing

Quarterly Balance Sheets for American Axle & Manufacturing

Annual Metrics And Ratios for American Axle & Manufacturing

Quarterly Metrics And Ratios for American Axle & Manufacturing

Frequently Asked Questions About American Axle & Manufacturing's Financials

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