American Axle & Manufacturing (DCH) Financials

$6.40 +0.25 (+3.98%)

Closing price 03:59 PM Eastern

Extended Trading

$6.39 0.00 (-0.08%)

As of 05:05 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	236	241	337	-58	-485	-561	5.90	64	-34	35	-20
Consolidated Net Income / (Loss)	236	241	338	-57	-484	-561	5.90	64	-34	35	-20
Net Income / (Loss) Continuing Operations	236	241	338	-57	-484	-561	5.90	64	-34	35	-20
Total Pre-Tax Income	273	299	340	-114	-533	-610	1.20	66	-25	63	1.50
Total Operating Income	358	381	543	106	-302	-396	241	244	147	241	112
Total Gross Profit	635	726	1,119	1,140	903	583	723	705	624	741	705
Total Revenue	3,903	3,948	6,266	7,270	6,531	4,711	5,157	5,802	6,080	6,125	5,837
Operating Revenue	3,903	3,948	6,266	7,270	6,531	4,711	5,157	5,802	6,080	6,125	5,837
Total Cost of Revenue	3,268	3,222	5,147	6,130	5,628	4,128	4,434	5,098	5,455	5,384	5,132
Operating Cost of Revenue	3,268	3,222	5,147	6,130	5,628	4,128	4,434	5,098	5,455	5,384	5,132
Total Operating Expenses	277	345	576	1,034	1,214	979	524	461	478	500	592
Selling, General & Admin Expense	274	314	390	386	365	314	344	345	367	387	389
Amortization Expense	3.20	5.00	75	99	95	87	86	86	86	83	82
Restructuring Charge	0.00	26	111	79	58	67	49	30	25	18	113
Other Special Charges / (Income)	-	-	0.00	0.00	9.80	0.50	42	0.00	0.00	12	8.00
Total Other Income / (Expense), net	-85	-82	-203	-220	-222	-214	-197	-178	-171	-179	-111
Interest Expense	99	93	199	216	217	212	195	175	202	186	201
Interest & Investment Income	2.60	2.90	2.90	2.00	5.80	12	11	17	26	28	40
Other Income / (Expense), net	11	8.80	-6.80	-6.00	-10	-13	-13	-20	4.40	-21	51
Income Tax Expense	37	58	2.50	-57	-49	-49	-4.70	2.00	9.10	28	21
Basic Earnings per Share	$3.03	$3.08	$3.22	($0.51)	($4.31)	($4.96)	$0.05	$0.54	($0.29)	$0.29	($0.17)
Weighted Average Basic Shares Outstanding	75.90M	76.40M	102.30M	111.60M	112.54M	113.30M	114.08M	114.58M	117.07M	117.58M	235.98M
Diluted Earnings per Share	$3.02	$3.06	$3.21	($0.51)	($4.31)	($4.96)	$0.05	$0.53	($0.29)	$0.29	($0.17)
Weighted Average Diluted Shares Outstanding	75.90M	76.40M	102.30M	111.60M	112.54M	113.30M	114.08M	114.58M	117.07M	117.58M	235.98M
Weighted Average Basic & Diluted Shares Outstanding	75.90M	76.40M	102.30M	111.60M	112.54M	113.30M	114.08M	114.58M	117.07M	117.58M	235.98M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-17	-19	21	18	10	-14	7.10	39	9.20	-75	-100
Consolidated Net Income / (Loss)	-17	-19	21	18	10	-14	7.10	39	9.20	-75	-100
Net Income / (Loss) Continuing Operations	-17	-19	21	18	10	-14	7.10	39	9.20	-75	-100
Total Pre-Tax Income	-19	-13	36	35	-2.10	-6.90	21	67	-1.70	-85	-120
Total Operating Income	24	29	77	87	42	36	43	55	48	-34	-34
Total Gross Profit	131	155	199	217	171	154	174	201	189	141	225
Total Revenue	1,552	1,463	1,607	1,632	1,505	1,381	1,411	1,536	1,505	1,384	2,379
Operating Revenue	1,552	1,463	1,607	1,632	1,505	1,381	1,411	1,536	1,505	1,384	2,379
Total Cost of Revenue	1,421	1,308	1,408	1,415	1,334	1,227	1,237	1,336	1,316	1,243	2,154
Operating Cost of Revenue	1,421	1,308	1,408	1,415	1,334	1,227	1,237	1,336	1,316	1,243	2,154
Total Operating Expenses	107	126	122	131	130	118	131	146	141	175	259
Selling, General & Admin Expense	82	96	98	105	95	89	91	101	99	99	137
Amortization Expense	21	21	21	21	21	21	21	20	20	20	23
Restructuring Charge	3.50	9.00	2.50	5.00	2.20	8.30	20	17	21	56	99
Total Other Income / (Expense), net	-43	-42	-41	-51	-44	-43	-22	12	-50	-52	-86
Interest Expense	51	51	49	48	45	43	46	43	43	69	93
Interest & Investment Income	5.90	7.10	8.40	6.10	7.10	6.50	5.70	5.60	7.00	22	22
Other Income / (Expense), net	1.90	2.00	0.00	-9.00	-5.50	-6.20	19	50	-14	-4.00	-16
Income Tax Expense	-2.00	5.80	16	17	-12	6.80	14	28	-11	-10	-20
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	0.00	-	-	-	0.30
Basic Earnings per Share	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)	$0.06	$0.32	$0.07	($0.62)	($0.52)
Weighted Average Basic Shares Outstanding	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M	118.34M	118.66M	118.70M	235.98M	237.37M
Diluted Earnings per Share	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)	$0.06	$0.32	$0.07	($0.62)	($0.52)
Weighted Average Diluted Shares Outstanding	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M	118.34M	118.66M	118.70M	235.98M	237.37M
Weighted Average Basic & Diluted Shares Outstanding	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M	118.34M	118.66M	118.70M	235.98M	237.37M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	33	199	-104	102	53	25	-27	-19	8.40	33	1,653
Net Cash From Operating Activities	378	408	647	772	560	455	538	449	396	455	412
Net Cash From Continuing Operating Activities	378	408	647	772	560	455	538	449	396	455	412
Net Income / (Loss) Continuing Operations	236	241	338	-57	-484	-561	5.90	64	-34	35	-20
Consolidated Net Income / (Loss)	236	241	338	-57	-484	-561	5.90	64	-34	35	-20
Depreciation Expense	198	202	429	529	537	522	544	492	487	470	460
Non-Cash Adjustments To Reconcile Net Income	-4.70	16	44	519	705	543	56	24	2.50	21	-24
Changes in Operating Assets and Liabilities, net	-52	-51	-163	-219	-198	-49	-68	-131	-60	-70	-4.40
Net Cash From Investing Activities	-188	-228	-1,378	-478	-307	-218	-161	-243	-185	-255	-170
Net Cash From Continuing Investing Activities	-188	-228	-1,378	-478	-307	-218	-161	-243	-185	-255	-170
Purchase of Property, Plant & Equipment	-194	-228	-491	-525	-434	-216	-181	-175	-197	-251	-262
Acquisitions	0.00	-5.60	-896	-1.30	-9.40	0.00	-4.90	-89	-2.50	-7.30	-2.50
Purchase of Investments	-	0.00	0.00	-3.70	-9.20	0.00	-1.10	-0.40	-3.20	-3.20	-4.90
Sale of Property, Plant & Equipment	0.30	1.70	2.50	4.90	5.00	1.70	2.00	4.70	0.90	4.00	5.60
Divestitures	0.00	0.00	5.90	47	141	0.00	1.00	-	0.00	0.00	95
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	0.80	0.00
Other Investing Activities, net	5.10	3.80	-	0.00	0.00	-4.40	23	17	17	2.00	0.00
Net Cash From Financing Activities	-144	18	616	-185	-200	-215	-401	-217	-206	-156	1,396
Net Cash From Continuing Financing Activities	-144	18	616	-185	-200	-215	-401	-217	-206	-156	1,396
Repayment of Debt	-157	-7.00	-2,245	-688	-549	-970	-1,032	-488	-227	-160	-710
Repurchase of Common Equity	-3.10	-5.20	-7.00	-3.70	-7.50	-2.70	-4.30	-1.90	-15	-2.80	-2.80
Issuance of Debt	17	30	2,867	510	356	758	635	273	36	7.00	2,109
Effect of Exchange Rate Changes	-13	0.40	11	-6.70	0.10	3.20	-2.70	-7.40	2.30	-11	15
Cash Interest Paid	94	87	183	200	205	192	185	173	186	185	176
Cash Income Taxes Paid	11	49	32	46	57	2.10	27	40	55	50	55

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	105	-96	-50	50	23	10	-3.70	37	128	1,491	-1,197
Net Cash From Operating Activities	178	53	18	143	144	151	56	92	143	121	-64
Net Cash From Continuing Operating Activities	178	53	18	143	144	151	56	92	143	121	-64
Net Income / (Loss) Continuing Operations	-17	-19	21	18	10	-14	7.10	39	9.20	-75	-100
Consolidated Net Income / (Loss)	-17	-19	21	18	10	-14	7.10	39	9.20	-75	-100
Depreciation Expense	120	121	118	120	117	115	112	114	116	118	182
Non-Cash Adjustments To Reconcile Net Income	3.70	-4.20	5.40	2.80	14	-1.90	-15	-38	21	8.20	-5.10
Changes in Operating Assets and Liabilities, net	72	-45	-126	2.20	2.30	51	-48	-23	-3.30	70	-141
Net Cash From Investing Activities	-49	-58	-48	-47	-79	-81	-40	-58	-9.70	-61	-348
Net Cash From Continuing Investing Activities	-49	-58	-48	-47	-79	-81	-40	-58	-9.70	-61	-348
Purchase of Property, Plant & Equipment	-49	-54	-51	-49	-74	-77	-69	-62	-68	-62	-104
Acquisitions	-0.60	-0.60	-0.60	-0.70	-5.40	-0.60	-0.60	-0.70	-0.60	-0.60	-332
Sale of Property, Plant & Equipment	0.40	0.10	3.10	0.20	0.30	0.40	0.60	4.40	0.30	0.30	0.90
Divestitures	-	-	0.00	-	-	-	30	-	58	6.30	21
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	66
Other Investing Activities, net	-	-	-	2.00	-	-	-1.00	-	-	-	0.10
Net Cash From Financing Activities	-21	-97	-16	-43	-48	-50	-24	-6.00	-5.50	1,431	-776
Net Cash From Continuing Financing Activities	-21	-97	-16	-43	-48	-50	-24	-6.00	-5.50	1,431	-776
Repayment of Debt	-22	-98	-13	-42	-55	-50	-23	-7.20	-12	-669	-1,604
Repurchase of Common Equity	-	-	-2.70	-0.10	-	-	-2.70	-	-	-0.10	-6.20
Issuance of Debt	1.20	0.70	0.00	-	7.00	-	1.30	1.20	6.20	2,100	835
Effect of Exchange Rate Changes	-4.20	6.50	-3.70	-3.50	5.80	-10	4.60	9.80	-0.50	1.20	-9.90
Cash Interest Paid	44	54	48	54	37	46	36	48	34	58	44
Cash Income Taxes Paid	0.80	14	12	11	8.90	18	15	12	12	15	28

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,203	3,422	7,883	7,511	6,645	5,916	5,636	5,469	5,356	5,060	6,670
Total Current Assets	1,124	1,299	1,945	2,030	1,858	1,877	1,856	1,993	2,007	1,915	3,635
Cash & Equivalents	283	481	377	476	532	557	530	512	520	553	709
Restricted Cash	-	-	-	-	-	-	-	-	-	0.00	1,497
Accounts Receivable	539	560	1,036	967	815	793	763	820	819	709	733
Inventories, net	231	182	392	460	374	323	410	464	483	443	466
Prepaid Expenses	72	76	140	127	137	204	153	198	185	152	230
Plant, Property, & Equipment, net	1,046	1,094	2,403	2,514	2,358	2,164	1,996	1,903	1,761	1,623	1,592
Total Noncurrent Assets	1,032	1,029	3,535	2,967	2,428	1,876	1,784	1,573	1,589	1,522	1,444
Long-Term Investments	-	-	-	-	-	-	-	-	-	-	12
Goodwill	154	154	1,654	1,142	699	186	184	182	182	172	174
Intangible Assets	-	29	1,213	1,111	865	781	697	616	533	457	375
Noncurrent Deferred & Refundable Income Taxes	374	368	37	46	64	108	121	119	169	200	236
Employee Benefit Assets	243	236	252	219	223	237	201	128	112	112	116
Other Noncurrent Operating Assets	261	243	379	449	577	564	580	529	593	582	530
Total Liabilities & Shareholders' Equity	3,203	3,422	7,883	7,511	6,645	5,916	5,636	5,469	5,356	5,060	6,670
Total Liabilities	2,901	2,918	6,343	6,024	5,664	5,543	5,178	4,842	4,751	4,497	6,030
Total Current Liabilities	699	652	1,216	1,357	1,026	979	1,040	1,199	1,202	1,175	1,234
Short-Term Debt	3.30	3.30	5.90	122	29	14	19	76	17	48	10
Accounts Payable	413	382	799	840	624	579	613	734	774	701	718
Current Deferred Revenue	23	25	34	44	19	23	28	28	17	14	39
Current Employee Benefit Liabilities	128	139	200	179	154	171	195	187	200	193	255
Other Current Liabilities	132	102	177	172	201	192	185	175	194	195	212
Total Noncurrent Liabilities	2,202	2,267	5,126	4,668	4,638	4,564	4,138	3,643	3,550	3,322	4,796
Long-Term Debt	1,376	1,401	3,969	3,687	3,612	3,441	3,086	2,845	2,752	2,577	4,039
Noncurrent Deferred Revenue	66	71	79	78	84	91	95	73	70	37	34
Noncurrent Deferred & Payable Income Tax Liabilities	6.80	15	102	93	20	13	14	11	17	12	9.10
Noncurrent Employee Benefit Liabilities	754	780	977	811	826	924	844	626	616	606	614
Other Noncurrent Operating Liabilities	-	-	-	-	97	94	100	87	96	90	100
Total Equity & Noncontrolling Interests	302	504	1,540	1,486	980	373	458	627	605	563	640
Total Preferred & Common Equity	302	504	1,536	1,484	978	371	458	627	605	563	640
Total Common Equity	302	504	1,536	1,484	978	371	458	627	605	563	640
Common Stock	640	661	1,266	1,294	1,315	1,335	1,353	1,371	1,384	1,399	1,413
Retained Earnings	204	424	761	704	249	-320	-314	-250	-283	-248	-268
Treasury Stock	-186	-191	-198	-202	-209	-212	-216	-218	-233	-236	-239
Accumulated Other Comprehensive Income / (Loss)	-357	-390	-293	-312	-377	-432	-365	-275	-263	-344	-274
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-8.00	8.00
Noncontrolling Interest	-	0.00	4.00	2.40	2.80	2.70	-	-	-	-	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	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	5,680	5,453	5,507	5,475	5,371	5,337	5,328	5,139	5,274	5,343	11,272
Total Current Assets	2,056	2,005	2,110	2,139	2,093	2,105	2,136	2,033	2,172	2,252	3,892
Cash & Equivalents	472	466	511	616	470	520	543	549	587	714	1,008
Restricted Cash	-	-	-	-	-	-	-	-	-	-	0.00
Accounts Receivable	975	892	921	885	961	935	900	817	845	857	1,535
Inventories, net	447	465	477	460	477	469	466	434	449	442	1,004
Prepaid Expenses	162	182	200	178	186	181	169	164	231	238	344
Plant, Property, & Equipment, net	1,905	1,865	1,818	1,765	1,700	1,682	1,657	1,615	1,624	1,608	4,209
Total Noncurrent Assets	1,719	1,584	1,580	1,570	1,578	1,550	1,536	1,492	1,478	1,483	3,171
Long-Term Investments	-	-	-	-	-	-	-	-	-	-	911
Goodwill	179	182	182	181	181	181	174	173	175	175	649
Intangible Assets	636	595	574	553	512	492	478	436	416	396	370
Noncurrent Deferred & Refundable Income Taxes	136	135	136	152	165	162	188	198	191	223	320
Employee Benefit Assets	200	130	128	127	113	112	109	114	114	113	118
Other Noncurrent Operating Assets	567	542	560	558	606	603	587	571	582	577	803
Total Liabilities & Shareholders' Equity	5,680	5,453	5,507	5,475	5,371	5,337	5,328	5,139	5,274	5,343	11,272
Total Liabilities	5,193	4,831	4,863	4,861	4,750	4,727	4,712	4,543	4,601	4,625	9,769
Total Current Liabilities	1,214	1,198	1,234	1,249	1,236	1,255	1,294	1,184	1,227	1,269	2,788
Short-Term Debt	19	50	16	25	25	27	43	11	22	22	0.00
Accounts Payable	780	771	828	812	830	838	806	745	772	799	1,642
Current Deferred Revenue	29	27	16	16	15	14	17	25	27	36	33
Current Employee Benefit Liabilities	202	167	184	197	175	190	205	167	185	219	549
Other Current Liabilities	184	183	189	200	191	187	199	202	191	194	564
Total Noncurrent Liabilities	3,979	3,633	3,629	3,613	3,514	3,472	3,418	3,359	3,373	3,355	6,981
Long-Term Debt	2,974	2,848	2,854	2,834	2,735	2,695	2,638	2,609	2,600	2,594	5,157
Noncurrent Deferred Revenue	70	69	69	67	70	67	42	43	38	22	42
Noncurrent Deferred & Payable Income Tax Liabilities	15	11	6.40	6.70	16	15	16	9.90	14	19	225
Noncurrent Employee Benefit Liabilities	830	620	615	611	602	604	630	610	636	637	1,412
Other Noncurrent Operating Liabilities	90	86	84	94	91	91	91	87	86	84	146
Total Equity & Noncontrolling Interests	487	622	645	614	621	610	616	596	673	718	1,504
Total Preferred & Common Equity	487	622	645	614	621	610	616	596	673	718	1,498
Total Common Equity	487	622	645	614	621	610	616	596	673	718	1,498
Common Stock	1,367	1,374	1,377	1,381	1,388	1,392	1,396	1,403	1,407	1,411	2,357
Retained Earnings	-264	-255	-247	-264	-263	-245	-235	-241	-202	-193	-368
Treasury Stock	-218	-233	-233	-233	-236	-236	-236	-238	-238	-238	-245
Accumulated Other Comprehensive Income / (Loss)	-398	-265	-253	-270	-268	-318	-297	-321	-297	-268	-260
Other Equity Adjustments	-	-	-	-	-	17	-12	-5.80	3.00	6.10	15
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	-	5.30

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	76,046,761.00	76,473,166.00	111,290,072.00	111,701,601.00	112,475,824.00	113,272,990.00	114,060,741.00	-	-	-	118,696,421.00
DEI Adjusted Shares Outstanding	76,046,761.00	76,473,166.00	111,290,072.00	111,701,601.00	112,475,824.00	113,272,990.00	114,060,741.00	-	-	-	118,696,421.00
DEI Earnings Per Adjusted Shares Outstanding	3.10	3.15	3.03	-0.51	-4.31	-4.96	0.05	-	-	-	-0.17
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.60%	1.15%	58.71%	16.03%	-10.17%	-27.87%	9.46%	12.52%	4.78%	0.75%	-4.71%
EBITDA Growth	19.67%	4.16%	63.15%	-34.78%	-64.21%	-49.91%	584.49%	-7.28%	-10.52%	7.77%	-9.86%
EBIT Growth	34.54%	5.47%	37.66%	-81.28%	-410.46%	-31.25%	155.68%	-1.76%	-31.46%	43.87%	-26.23%
NOPAT Growth	42.86%	-0.94%	75.88%	-86.18%	-383.46%	-31.30%	526.75%	-80.00%	-56.62%	31.10%	-1,196.25%
Net Income Growth	64.76%	2.16%	40.22%	-116.83%	-752.29%	-15.91%	101.05%	989.83%	-152.26%	204.17%	-156.29%
EPS Growth	63.24%	1.32%	4.90%	-115.89%	-745.10%	-15.08%	101.01%	960.00%	-154.72%	200.00%	-158.62%
Operating Cash Flow Growth	18.59%	7.94%	58.73%	19.24%	-27.47%	-18.75%	18.41%	-16.62%	-11.76%	14.97%	-9.62%
Free Cash Flow Firm Growth	4.57%	-5.43%	-1,244.08%	112.44%	31.22%	4.48%	162.86%	-83.70%	23.15%	35.70%	-450.47%
Invested Capital Growth	1.17%	2.09%	260.03%	-6.23%	-15.13%	-20.01%	-7.31%	0.16%	-6.02%	-8.86%	-4.50%
Revenue Q/Q Growth	0.49%	-0.30%	14.37%	-0.54%	-3.89%	0.17%	-3.78%	2.79%	1.17%	-1.32%	0.05%
EBITDA Q/Q Growth	7.03%	-1.73%	18.21%	-46.54%	-5.77%	128.39%	-9.27%	1.16%	0.00%	-0.63%	-9.55%
EBIT Q/Q Growth	12.97%	-3.25%	16.24%	-84.81%	-0.42%	55.36%	-24.47%	2.90%	2.40%	0.73%	-29.40%
NOPAT Q/Q Growth	23.80%	-6.75%	24.59%	-88.02%	-6.05%	56.51%	329.63%	51.74%	778.55%	9.55%	-1,642.77%
Net Income Q/Q Growth	26.73%	-6.23%	21.45%	-113.81%	-23.72%	46.64%	-93.32%	1,468.29%	-5,500.00%	18.24%	-147.02%
EPS Q/Q Growth	26.89%	-6.42%	9.56%	-114.53%	-25.66%	47.01%	-93.90%	1,666.67%	-2,800.00%	26.09%	-150.00%
Operating Cash Flow Q/Q Growth	6.40%	1.77%	20.42%	4.33%	-12.14%	6.39%	-16.44%	11.44%	-19.44%	27.53%	-6.94%
Free Cash Flow Firm Q/Q Growth	-17.79%	22.33%	-1.03%	-0.02%	-9.15%	9.15%	132.12%	16.39%	110.13%	50.05%	-792.44%
Invested Capital Q/Q Growth	0.68%	-4.25%	1.49%	-8.92%	-9.55%	-3.45%	-0.61%	0.97%	-0.09%	-4.41%	-5.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.28%	18.39%	17.86%	15.69%	13.82%	12.37%	14.02%	12.15%	10.27%	12.10%	12.07%
EBITDA Margin	14.54%	14.98%	15.40%	8.65%	3.45%	2.39%	14.97%	12.34%	10.54%	11.27%	10.66%
Operating Margin	9.17%	9.64%	8.67%	1.46%	-4.62%	-8.41%	4.67%	4.20%	2.41%	3.94%	1.92%
EBIT Margin	9.46%	9.87%	8.56%	1.38%	-4.77%	-8.68%	4.42%	3.86%	2.52%	3.60%	2.79%
Profit (Net Income) Margin	6.04%	6.10%	5.39%	-0.78%	-7.41%	-11.91%	0.11%	1.11%	-0.55%	0.57%	-0.34%
Tax Burden Percent	86.40%	80.50%	99.26%	49.87%	90.83%	91.94%	491.67%	96.98%	137.14%	55.73%	-1,313.33%
Interest Burden Percent	73.84%	76.77%	63.41%	-113.45%	171.00%	149.18%	0.53%	29.62%	-15.97%	28.45%	0.92%
Effective Tax Rate	13.60%	19.50%	0.74%	0.00%	0.00%	0.00%	-391.67%	3.02%	0.00%	44.27%	1,413.33%
Return on Invested Capital (ROIC)	22.26%	21.70%	16.42%	1.50%	-4.74%	-7.53%	37.53%	7.80%	3.48%	4.93%	-58.01%
ROIC Less NNEP Spread (ROIC-NNEP)	16.02%	15.18%	7.51%	-2.29%	-13.22%	-16.98%	-5.48%	0.88%	-2.36%	0.29%	16.96%
Return on Net Nonoperating Assets (RNNOA)	91.31%	38.05%	16.60%	-5.25%	-34.51%	-75.37%	-36.11%	4.06%	-8.94%	1.06%	54.73%
Return on Equity (ROE)	113.57%	59.75%	33.02%	-3.75%	-39.25%	-82.90%	1.42%	11.85%	-5.45%	5.99%	-3.28%
Cash Return on Invested Capital (CROIC)	21.09%	19.63%	-96.63%	7.93%	11.63%	14.70%	45.12%	7.64%	9.69%	14.21%	-53.41%
Operating Return on Assets (OROA)	11.46%	11.76%	9.49%	1.30%	-4.40%	-6.51%	3.94%	4.03%	2.83%	4.24%	2.78%
Return on Assets (ROA)	7.31%	7.27%	5.97%	-0.74%	-6.84%	-8.93%	0.10%	1.16%	-0.62%	0.67%	-0.34%
Return on Common Equity (ROCE)	113.57%	59.75%	32.96%	-3.75%	-39.17%	-82.57%	1.42%	11.85%	-5.45%	5.99%	-3.28%
Return on Equity Simple (ROE_SIMPLE)	78.14%	47.74%	21.97%	-3.83%	-49.52%	-151.44%	1.29%	10.25%	-5.55%	6.22%	0.00%
Net Operating Profit after Tax (NOPAT)	309	306	539	74	-211	-277	1,183	237	103	135	-1,475
NOPAT Margin	7.93%	7.76%	8.60%	1.02%	-3.23%	-5.88%	22.94%	4.08%	1.69%	2.20%	-25.27%
Net Nonoperating Expense Percent (NNEP)	6.24%	6.51%	8.91%	3.79%	8.48%	9.45%	43.02%	6.91%	5.85%	4.64%	-74.97%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.67%	3.04%	4.22%	-31.45%
Cost of Revenue to Revenue	83.72%	81.61%	82.14%	84.31%	86.18%	87.63%	85.99%	87.85%	89.73%	87.90%	87.93%
SG&A Expenses to Revenue	7.02%	7.96%	6.23%	5.31%	5.58%	6.66%	6.67%	5.95%	6.04%	6.32%	6.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.10%	8.75%	9.19%	14.22%	18.59%	20.79%	10.17%	7.95%	7.86%	8.16%	10.15%
Earnings before Interest and Taxes (EBIT)	369	390	536	100	-312	-409	228	224	153	221	163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	568	591	965	629	225	113	772	716	641	690	622
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.78	2.93	1.23	0.84	1.24	2.55	2.32	1.43	1.70	1.22	1.19
Price to Tangible Book Value (P/TBV)	9.79	4.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.42
Price to Revenue (P/Rev)	0.37	0.37	0.30	0.17	0.19	0.20	0.21	0.15	0.17	0.11	0.13
Price to Earnings (P/E)	6.11	6.13	5.62	0.00	0.00	0.00	180.37	13.93	0.00	19.59	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	16.36%	16.31%	17.79%	0.00%	0.00%	0.00%	0.55%	7.18%	0.00%	5.11%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.81	1.68	1.07	0.95	1.06	1.18	1.20	1.09	1.15	1.06	1.05
Enterprise Value to Revenue (EV/Rev)	0.65	0.61	0.88	0.63	0.66	0.82	0.71	0.57	0.54	0.45	0.45
Enterprise Value to EBITDA (EV/EBITDA)	4.47	4.06	5.70	7.27	19.19	34.09	4.71	4.62	5.12	3.99	4.19
Enterprise Value to EBIT (EV/EBIT)	6.87	6.16	10.25	45.56	0.00	0.00	15.97	14.77	21.38	12.49	16.00
Enterprise Value to NOPAT (EV/NOPAT)	8.20	7.83	10.20	61.42	0.00	0.00	3.08	13.97	31.97	20.50	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.72	5.89	8.50	5.93	7.72	8.46	6.76	7.36	8.28	6.05	6.33
Enterprise Value to Free Cash Flow (EV/FCFF)	8.65	8.65	0.00	11.59	8.35	7.11	2.56	14.26	11.49	7.12	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.57	2.79	2.58	2.56	3.71	9.26	6.78	4.66	4.58	4.66	6.33
Long-Term Debt to Equity	4.56	2.78	2.58	2.48	3.68	9.22	6.74	4.54	4.55	4.58	6.31
Financial Leverage	5.70	2.51	2.21	2.29	2.61	4.44	6.59	4.59	3.78	3.67	3.23
Leverage Ratio	15.53	8.22	5.53	5.09	5.74	9.28	13.90	10.23	8.79	8.92	9.75
Compound Leverage Factor	11.47	6.31	3.51	-5.77	9.81	13.84	0.07	3.03	-1.40	2.54	0.09
Debt to Total Capital	82.06%	73.58%	72.08%	71.93%	78.79%	90.25%	87.15%	82.32%	82.07%	82.34%	86.35%
Short-Term Debt to Total Capital	0.20%	0.17%	0.11%	2.30%	0.62%	0.36%	0.53%	2.14%	0.50%	1.50%	0.22%
Long-Term Debt to Total Capital	81.86%	73.41%	71.97%	69.63%	78.16%	89.89%	86.62%	80.18%	81.57%	80.84%	86.13%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.07%	0.05%	0.06%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	17.94%	26.42%	27.85%	28.03%	21.15%	9.68%	12.85%	17.68%	17.93%	17.66%	13.65%
Debt to EBITDA	2.43	2.37	4.12	6.05	16.17	30.63	4.02	4.08	4.32	3.80	6.51
Net Debt to EBITDA	1.93	1.56	3.73	5.30	13.81	25.69	3.33	3.37	3.51	3.00	2.96
Long-Term Debt to EBITDA	2.42	2.37	4.11	5.86	16.04	30.51	4.00	3.97	4.30	3.73	6.49
Debt to NOPAT	4.46	4.58	7.38	51.13	-17.25	-12.46	2.62	12.35	26.98	19.51	-2.75
Net Debt to NOPAT	3.54	3.01	6.68	44.74	-14.73	-10.45	2.18	10.19	21.92	15.40	-1.25
Long-Term Debt to NOPAT	4.45	4.57	7.36	49.50	-17.11	-12.41	2.61	12.03	26.82	19.15	-2.74
Altman Z-Score	2.15	2.23	1.44	1.37	1.16	0.78	1.27	1.42	1.47	1.55	1.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.20%	0.21%	0.21%	0.41%	0.32%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.99	1.60	1.50	1.81	1.92	1.78	1.66	1.67	1.63	2.95
Quick Ratio	1.18	1.60	1.16	1.06	1.31	1.38	1.24	1.11	1.11	1.07	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	293	277	-3,172	395	518	541	1,422	232	286	387	-1,358
Operating Cash Flow to CapEx	195.45%	180.43%	132.45%	148.28%	130.38%	212.48%	300.45%	262.98%	202.30%	184.30%	160.34%
Free Cash Flow to Firm to Interest Expense	2.96	2.97	-15.93	1.82	2.38	2.55	7.29	1.33	1.41	2.08	-6.75
Operating Cash Flow to Interest Expense	3.81	4.36	3.25	3.57	2.58	2.14	2.76	2.57	1.95	2.45	2.05
Operating Cash Flow Less CapEx to Interest Expense	1.86	1.95	0.80	1.16	0.60	1.13	1.84	1.59	0.99	1.12	0.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.21	1.19	1.11	0.94	0.92	0.75	0.89	1.05	1.12	1.18	1.00
Accounts Receivable Turnover	7.28	7.18	7.85	7.26	7.33	5.86	6.63	7.33	7.42	8.02	8.09
Inventory Turnover	13.64	15.61	17.92	14.39	13.51	11.85	12.09	11.66	11.52	11.64	11.29
Fixed Asset Turnover	3.70	3.69	3.58	2.96	2.68	2.08	2.48	2.98	3.32	3.62	3.63
Accounts Payable Turnover	7.63	8.11	8.71	7.48	7.69	6.87	7.44	7.57	7.24	7.30	7.23
Days Sales Outstanding (DSO)	50.11	50.81	46.48	50.26	49.79	62.32	55.07	49.79	49.19	45.52	45.09
Days Inventory Outstanding (DIO)	26.77	23.38	20.36	25.36	27.02	30.81	30.20	31.30	31.67	31.37	32.32
Days Payable Outstanding (DPO)	47.86	45.03	41.89	48.80	47.46	53.16	49.05	48.22	50.45	49.98	50.45
Cash Conversion Cycle (CCC)	29.02	29.16	24.96	26.82	29.35	39.97	36.21	32.87	30.42	26.91	26.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,398	1,427	5,138	4,818	4,089	3,271	3,032	3,037	2,854	2,601	2,484
Invested Capital Turnover	2.81	2.79	1.91	1.46	1.47	1.28	1.64	1.91	2.06	2.25	2.30
Increase / (Decrease) in Invested Capital	16	29	3,711	-320	-729	-818	-239	4.70	-183	-253	-117
Enterprise Value (EV)	2,537	2,399	5,498	4,574	4,322	3,845	3,638	3,305	3,280	2,757	2,605
Market Capitalization	1,440	1,476	1,895	1,240	1,210	945	1,064	896	1,031	685	761
Book Value per Share	$3.96	$6.59	$13.80	$13.28	$8.69	$3.27	$4.01	$5.48	$5.17	$4.79	$5.39
Tangible Book Value per Share	$1.93	$4.21	($11.96)	($6.88)	($5.21)	($5.26)	($3.71)	($1.49)	($0.94)	($0.56)	$0.76
Total Capital	1,681	1,908	5,515	5,295	4,621	3,828	3,562	3,548	3,374	3,188	4,690
Total Debt	1,379	1,404	3,975	3,808	3,641	3,455	3,105	2,921	2,769	2,625	4,050
Total Long-Term Debt	1,376	1,401	3,969	3,687	3,612	3,441	3,086	2,845	2,752	2,577	4,039
Net Debt	1,097	923	3,598	3,332	3,109	2,898	2,574	2,410	2,249	2,072	1,844
Capital Expenditures (CapEx)	193	226	489	520	429	214	179	171	196	247	257
Debt-free, Cash-free Net Working Capital (DFCFNWC)	146	170	358	318	328	354	305	359	302	235	206
Debt-free Net Working Capital (DFNWC)	428	651	735	795	860	911	835	870	822	788	2,411
Net Working Capital (NWC)	425	648	729	673	831	898	816	794	805	740	2,401
Net Nonoperating Expense (NNE)	74	66	202	131	273	284	1,177	172	136	100	-1,455
Net Nonoperating Obligations (NNO)	1,097	923	3,598	3,332	3,109	2,898	2,574	2,410	2,249	2,038	1,844
Total Depreciation and Amortization (D&A)	198	202	429	529	537	522	544	492	487	470	460
Debt-free, Cash-free Net Working Capital to Revenue	3.74%	4.30%	5.71%	4.38%	5.02%	7.52%	5.91%	6.18%	4.97%	3.83%	3.53%
Debt-free Net Working Capital to Revenue	10.97%	16.49%	11.72%	10.93%	13.17%	19.35%	16.19%	14.99%	13.52%	12.86%	41.31%
Net Working Capital to Revenue	10.89%	16.41%	11.63%	9.26%	12.73%	19.06%	15.83%	13.69%	13.24%	12.08%	41.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.03	$3.08	$3.22	($0.51)	($4.31)	($4.96)	$0.05	$0.54	($0.29)	$0.29	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	76.09M	76.48M	111.30M	111.73M	112.54M	113.30M	114.08M	114.58M	117.07M	117.58M	235.98M
Adjusted Diluted Earnings per Share	$3.02	$3.06	$3.21	($0.51)	($4.31)	($4.96)	$0.05	$0.53	($0.29)	$0.29	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	76.09M	76.48M	111.30M	111.73M	112.54M	113.30M	114.08M	114.58M	117.07M	117.58M	235.98M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	76.09M	76.48M	111.30M	111.73M	112.54M	113.30M	114.08M	114.58M	117.07M	117.58M	235.98M
Normalized Net Operating Profit after Tax (NOPAT)	309	328	649	470	302	127	233	266	120	151	164
Normalized NOPAT Margin	7.93%	8.30%	10.36%	6.46%	4.62%	2.70%	4.51%	4.58%	1.98%	2.47%	2.80%
Pre Tax Income Margin	6.99%	7.57%	5.43%	-1.57%	-8.16%	-12.96%	0.02%	1.14%	-0.40%	1.03%	0.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.72	4.17	2.69	0.46	-1.43	-1.93	1.17	1.28	0.76	1.19	0.81
NOPAT to Interest Expense	3.12	3.28	2.71	0.34	-0.97	-1.31	6.06	1.36	0.51	0.72	-7.33
EBIT Less CapEx to Interest Expense	1.78	1.75	0.24	-1.94	-3.41	-2.94	0.25	0.30	-0.21	-0.14	-0.47
NOPAT Less CapEx to Interest Expense	1.17	0.86	0.25	-2.06	-2.95	-2.31	5.14	0.38	-0.46	-0.61	-8.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.47%	0.00%	0.00%	-4.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1.78%	2.16%	2.07%	-10.56%	-1.55%	-0.48%	72.88%	2.95%	-43.75%	8.00%	-14.21%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	117,581,028.00	118,335,148.00	118,664,153.00	118,696,421.00	235,984,927.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	117,581,028.00	118,335,148.00	118,664,153.00	118,696,421.00	235,984,927.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.06	0.33	0.08	-0.63	-0.43
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.09%	5.05%	7.56%	3.92%	-3.03%	-5.62%	-12.17%	-5.89%	0.03%	0.22%	68.56%
EBITDA Growth	-21.06%	0.00%	18.49%	10.85%	4.72%	-4.47%	-10.73%	10.81%	-1.83%	-45.19%	-23.82%
EBIT Growth	-57.28%	13.24%	94.94%	35.25%	40.31%	-2.60%	-19.87%	35.35%	-6.08%	-226.00%	-180.19%
NOPAT Growth	-78.92%	-51.29%	71.61%	27.91%	74.48%	25.69%	-66.87%	-27.89%	16.07%	-193.37%	-264.18%
Net Income Growth	-165.66%	-237.41%	501.96%	127.50%	157.47%	28.27%	-65.37%	115.93%	-8.00%	-449.64%	-1,508.45%
EPS Growth	-168.18%	-254.55%	525.00%	114.29%	153.33%	35.29%	-64.71%	113.33%	-12.50%	-463.64%	-966.67%
Operating Cash Flow Growth	109.27%	-64.38%	-44.55%	7.53%	-19.46%	185.82%	214.04%	-35.64%	-0.21%	-20.30%	-215.21%
Free Cash Flow Firm Growth	36.73%	453.43%	1,833.81%	397.56%	-1.87%	37.02%	58.36%	-29.79%	-18.35%	-66.45%	-827.30%
Invested Capital Growth	-5.02%	-6.02%	-4.64%	-6.40%	-4.74%	-8.86%	-9.57%	-4.77%	-3.69%	-4.50%	80.06%
Revenue Q/Q Growth	-1.20%	-5.73%	9.84%	1.58%	-7.80%	-8.25%	2.21%	8.85%	-2.01%	-8.06%	71.90%
EBITDA Q/Q Growth	-17.77%	4.10%	29.01%	1.18%	-22.32%	-5.03%	19.60%	25.59%	-31.18%	-46.97%	66.12%
EBIT Q/Q Growth	-54.97%	19.38%	160.14%	0.65%	-53.29%	-17.13%	105.67%	70.02%	-67.59%	-211.18%	-30.69%
NOPAT Q/Q Growth	-51.88%	20.50%	115.11%	2.55%	-34.36%	-13.19%	-43.30%	123.20%	5.64%	-169.83%	0.30%
Net Income Q/Q Growth	-317.50%	-9.77%	207.33%	-11.22%	-45.05%	-237.00%	151.82%	453.52%	-76.59%	-918.48%	-32.80%
EPS Q/Q Growth	-314.29%	-13.33%	200.00%	-11.76%	-46.67%	-237.50%	154.55%	433.33%	-78.13%	-985.71%	16.13%
Operating Cash Flow Q/Q Growth	34.26%	-70.33%	-66.35%	702.25%	0.56%	5.29%	-63.03%	64.40%	55.93%	-15.91%	-153.44%
Free Cash Flow Firm Q/Q Growth	252.62%	21.06%	-8.86%	27.89%	-30.46%	69.05%	5.33%	-43.30%	-19.13%	-30.54%	-2,383.58%
Invested Capital Q/Q Growth	-4.91%	-0.09%	2.02%	-3.43%	-3.22%	-4.41%	1.23%	1.70%	-2.13%	-5.21%	90.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	8.42%	10.59%	12.35%	13.31%	11.38%	11.17%	12.32%	13.06%	12.56%	10.18%	9.48%
EBITDA Margin	9.42%	10.40%	12.12%	12.08%	10.17%	10.53%	12.32%	14.22%	9.98%	5.76%	5.57%
Operating Margin	1.54%	1.97%	4.79%	5.30%	2.77%	2.62%	3.03%	3.58%	3.22%	-2.44%	-1.42%
EBIT Margin	1.66%	2.11%	4.79%	4.75%	2.41%	2.17%	4.37%	6.83%	2.26%	-2.73%	-2.08%
Profit (Net Income) Margin	-1.12%	-1.31%	1.28%	1.12%	0.66%	-0.99%	0.50%	2.56%	0.61%	-5.44%	-4.20%
Tax Burden Percent	89.69%	143.61%	56.32%	51.41%	-476.19%	198.55%	33.65%	58.31%	-541.18%	88.28%	83.61%
Interest Burden Percent	-75.19%	-43.18%	47.27%	45.68%	-5.80%	-23.00%	34.20%	64.25%	-5.00%	225.66%	242.11%
Effective Tax Rate	0.00%	0.00%	43.68%	48.59%	0.00%	0.00%	66.35%	41.69%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.21%	2.84%	5.60%	5.86%	4.32%	4.12%	2.18%	4.44%	4.92%	-3.92%	-1.83%
ROIC Less NNEP Spread (ROIC-NNEP)	0.78%	1.16%	4.63%	4.71%	3.43%	2.30%	1.84%	4.78%	3.68%	-6.59%	-4.73%
Return on Net Nonoperating Assets (RNNOA)	3.36%	4.38%	17.61%	17.12%	12.14%	8.44%	6.54%	15.68%	11.06%	-21.25%	-11.87%
Return on Equity (ROE)	5.57%	7.23%	23.21%	22.98%	16.46%	12.57%	8.72%	20.12%	15.98%	-25.18%	-13.70%
Cash Return on Invested Capital (CROIC)	4.63%	9.69%	1.79%	7.03%	9.26%	14.21%	13.45%	8.32%	7.34%	-53.41%	-56.49%
Operating Return on Assets (OROA)	1.79%	2.36%	5.48%	5.48%	2.76%	2.56%	4.93%	7.51%	2.47%	-2.72%	-1.72%
Return on Assets (ROA)	-1.21%	-1.47%	1.46%	1.29%	0.76%	-1.17%	0.57%	2.81%	0.67%	-5.41%	-3.49%
Return on Common Equity (ROCE)	5.57%	7.23%	23.21%	22.98%	16.46%	12.57%	8.72%	20.12%	15.98%	-25.18%	-13.67%
Return on Equity Simple (ROE_SIMPLE)	-0.10%	0.00%	-1.29%	0.36%	4.80%	0.00%	3.62%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	17	20	43	44	29	25	14	32	34	-24	-24
NOPAT Margin	1.08%	1.38%	2.70%	2.72%	1.94%	1.84%	1.02%	2.09%	2.25%	-1.71%	-0.99%
Net Nonoperating Expense Percent (NNEP)	1.43%	1.69%	0.97%	1.15%	0.88%	1.82%	0.34%	-0.34%	1.23%	2.66%	2.90%
Return On Investment Capital (ROIC_SIMPLE)	-	0.60%	-	-	-	0.80%	0.45%	0.97%	1.02%	-0.50%	-0.35%
Cost of Revenue to Revenue	91.58%	89.41%	87.65%	86.69%	88.62%	88.83%	87.68%	86.94%	87.44%	89.82%	90.53%
SG&A Expenses to Revenue	5.27%	6.54%	6.12%	6.44%	6.29%	6.45%	6.44%	6.56%	6.56%	7.12%	5.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.88%	8.62%	7.56%	8.01%	8.61%	8.55%	9.30%	9.48%	9.34%	12.62%	10.89%
Earnings before Interest and Taxes (EBIT)	26	31	77	78	36	30	62	105	34	-38	-49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	146	152	195	197	153	145	174	218	150	80	132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	1.70	1.39	1.35	1.18	1.22	0.80	0.72	0.99	1.19	0.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.87	4.81	8.42	2.92
Price to Revenue (P/Rev)	0.14	0.17	0.14	0.13	0.12	0.11	0.08	0.08	0.12	0.13	0.21
Price to Earnings (P/E)	0.00	0.00	0.00	373.50	24.55	19.59	22.16	11.31	17.02	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.27%	4.07%	5.11%	4.51%	8.84%	5.88%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.15	1.08	1.08	1.05	1.06	0.97	0.94	1.00	1.05	0.98
Enterprise Value to Revenue (EV/Rev)	0.51	0.54	0.51	0.48	0.46	0.45	0.43	0.43	0.45	0.45	0.68
Enterprise Value to EBITDA (EV/EBITDA)	4.83	5.12	4.71	4.40	4.12	3.99	3.81	3.65	3.80	4.19	7.99
Enterprise Value to EBIT (EV/EBIT)	20.65	21.38	16.72	14.49	13.08	12.49	12.41	10.82	11.34	16.00	89.61
Enterprise Value to NOPAT (EV/NOPAT)	0.00	31.97	0.00	248.57	23.33	20.50	27.06	26.70	27.36	0.00	184.72
Enterprise Value to Operating Cash Flow (EV/OCF)	6.29	8.28	8.26	7.72	8.02	6.05	5.16	5.69	5.91	6.33	15.94
Enterprise Value to Free Cash Flow (EV/FCFF)	22.76	11.49	58.95	14.80	11.10	7.12	6.84	11.02	13.34	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.66	4.58	4.44	4.47	4.35	4.66	4.39	3.90	3.64	6.33	3.43
Long-Term Debt to Equity	4.62	4.55	4.40	4.42	4.28	4.58	4.38	3.86	3.61	6.31	3.43
Financial Leverage	4.33	3.78	3.80	3.64	3.53	3.67	3.55	3.28	3.00	3.23	2.51
Leverage Ratio	10.14	8.79	8.71	8.64	8.78	8.92	8.63	8.27	8.00	9.75	7.82
Compound Leverage Factor	-7.62	-3.79	4.12	3.95	-0.51	-2.05	2.95	5.32	-0.40	22.01	18.92
Debt to Total Capital	82.32%	82.07%	81.62%	81.70%	81.31%	82.34%	81.46%	79.57%	78.46%	86.35%	77.42%
Short-Term Debt to Total Capital	0.71%	0.50%	0.74%	0.82%	1.30%	1.50%	0.33%	0.66%	0.67%	0.22%	0.00%
Long-Term Debt to Total Capital	81.62%	81.57%	80.88%	80.89%	80.01%	80.84%	81.13%	78.91%	77.79%	86.13%	77.42%
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%	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%	0.08%
Common Equity to Total Capital	17.68%	17.93%	18.38%	18.30%	18.69%	17.66%	18.54%	20.43%	21.54%	13.65%	22.50%
Debt to EBITDA	4.46	4.32	4.13	3.96	3.86	3.80	3.91	3.80	3.80	6.51	8.88
Net Debt to EBITDA	3.50	3.51	3.43	3.20	3.08	3.00	3.09	2.95	2.76	2.96	5.57
Long-Term Debt to EBITDA	4.42	4.30	4.09	3.92	3.80	3.73	3.90	3.76	3.77	6.49	8.88
Debt to NOPAT	-189.00	26.98	-31.28	223.76	21.83	19.51	27.81	27.80	27.37	-2.75	205.20
Net Debt to NOPAT	-148.30	21.92	-25.96	181.02	17.41	15.40	21.98	21.58	19.90	-1.25	128.82
Long-Term Debt to NOPAT	-187.38	26.82	-31.00	221.53	21.48	19.15	27.70	27.56	27.13	-2.74	205.20
Altman Z-Score	1.35	1.39	1.43	1.45	1.41	1.43	1.39	1.40	1.38	1.31	0.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.71	1.67	1.69	1.68	1.65	1.63	1.72	1.77	1.77	2.95	1.40
Quick Ratio	1.20	1.11	1.16	1.16	1.11	1.07	1.15	1.17	1.24	1.17	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	168	203	185	237	165	278	293	166	134	93	-2,131
Operating Cash Flow to CapEx	369.92%	97.96%	37.40%	292.62%	194.32%	196.88%	80.20%	159.27%	213.24%	194.04%	-62.71%
Free Cash Flow to Firm to Interest Expense	3.28	3.97	3.78	4.91	3.63	6.41	6.34	3.86	3.15	1.35	-23.02
Operating Cash Flow to Interest Expense	3.49	1.03	0.36	2.96	3.16	3.48	1.21	2.13	3.36	1.74	-0.70
Operating Cash Flow Less CapEx to Interest Expense	2.55	-0.02	-0.61	1.95	1.54	1.71	-0.30	0.79	1.78	0.85	-1.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.12	1.14	1.15	1.15	1.18	1.13	1.10	1.09	1.00	0.83
Accounts Receivable Turnover	6.46	7.42	6.69	6.74	6.95	8.02	6.67	6.55	6.64	8.09	5.78
Inventory Turnover	11.84	11.52	11.75	11.74	11.80	11.64	11.44	11.18	11.27	11.29	8.41
Fixed Asset Turnover	3.27	3.32	3.47	3.57	3.63	3.62	3.58	3.53	3.57	3.63	2.34
Accounts Payable Turnover	6.75	7.24	6.91	6.67	6.76	7.30	6.62	6.38	6.38	7.23	5.07
Days Sales Outstanding (DSO)	56.48	49.19	54.60	54.17	52.49	45.52	54.72	55.69	54.98	45.09	63.10
Days Inventory Outstanding (DIO)	30.82	31.67	31.07	31.10	30.92	31.37	31.90	32.65	32.39	32.32	43.40
Days Payable Outstanding (DPO)	54.05	50.45	52.85	54.76	54.01	49.98	55.16	57.22	57.24	50.45	72.03
Cash Conversion Cycle (CCC)	33.24	30.42	32.82	30.52	29.40	26.91	31.46	31.12	30.13	26.96	34.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,857	2,854	2,912	2,812	2,721	2,601	2,633	2,678	2,621	2,484	4,741
Invested Capital Turnover	2.05	2.06	2.08	2.15	2.23	2.25	2.14	2.13	2.18	2.30	1.85
Increase / (Decrease) in Invested Capital	-151	-183	-142	-192	-135	-253	-279	-134	-101	-117	2,108
Enterprise Value (EV)	3,093	3,280	3,152	3,024	2,865	2,757	2,549	2,518	2,615	2,605	4,642
Market Capitalization	850	1,031	862	822	727	685	479	483	713	761	1,399
Book Value per Share	$5.24	$5.17	$5.29	$5.19	$5.24	$4.79	$5.07	$5.69	$6.05	$5.39	$6.35
Tangible Book Value per Share	($1.03)	($0.94)	($0.61)	($0.54)	($0.30)	($0.56)	($0.11)	$0.70	$1.25	$0.76	$2.03
Total Capital	3,472	3,374	3,381	3,332	3,297	3,188	3,216	3,295	3,335	4,690	6,660
Total Debt	2,858	2,769	2,760	2,722	2,681	2,625	2,620	2,622	2,616	4,050	5,157
Total Long-Term Debt	2,834	2,752	2,735	2,695	2,638	2,577	2,609	2,600	2,594	4,039	5,157
Net Debt	2,243	2,249	2,290	2,202	2,139	2,072	2,070	2,035	1,902	1,844	3,237
Capital Expenditures (CapEx)	48	54	48	49	74	77	70	58	67	62	103
Debt-free, Cash-free Net Working Capital (DFCFNWC)	299	302	413	358	342	235	310	380	291	206	96
Debt-free Net Working Capital (DFNWC)	915	822	883	878	884	788	859	966	1,005	2,411	1,104
Net Working Capital (NWC)	891	805	858	850	841	740	849	945	983	2,401	1,104
Net Nonoperating Expense (NNE)	34	39	23	26	19	39	7.27	-7.23	25	52	76
Net Nonoperating Obligations (NNO)	2,243	2,249	2,290	2,202	2,105	2,038	2,037	2,005	1,902	1,844	3,237
Total Depreciation and Amortization (D&A)	120	121	118	120	117	115	112	114	116	118	182
Debt-free, Cash-free Net Working Capital to Revenue	4.98%	4.97%	6.67%	5.72%	5.50%	3.83%	5.23%	6.51%	4.98%	3.53%	1.41%
Debt-free Net Working Capital to Revenue	15.23%	13.52%	14.25%	14.03%	14.24%	12.86%	14.49%	16.57%	17.23%	41.31%	16.23%
Net Working Capital to Revenue	14.82%	13.24%	13.85%	13.60%	13.55%	12.08%	14.32%	16.19%	16.84%	41.14%	16.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)	$0.06	$0.32	$0.07	($0.62)	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M	118.34M	118.66M	118.70M	235.98M	237.37M
Adjusted Diluted Earnings per Share	($0.15)	($0.17)	$0.17	$0.15	$0.08	($0.11)	$0.06	$0.32	$0.07	($0.62)	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M	118.34M	118.66M	118.70M	235.98M	237.37M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	117.06M	117.07M	117.55M	117.58M	117.58M	117.58M	118.34M	118.66M	118.70M	235.98M	237.37M
Normalized Net Operating Profit after Tax (NOPAT)	19	26	45	47	39	31	44	46	49	15	46
Normalized NOPAT Margin	1.24%	1.81%	2.79%	2.88%	2.60%	2.26%	3.10%	3.02%	3.25%	1.11%	1.92%
Pre Tax Income Margin	-1.25%	-0.91%	2.27%	2.17%	-0.14%	-0.50%	1.50%	4.39%	-0.11%	-6.16%	-5.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.50	0.60	1.57	1.61	0.80	0.69	1.34	2.43	0.80	-0.55	-0.53
NOPAT to Interest Expense	0.33	0.39	0.89	0.92	0.64	0.58	0.31	0.74	0.79	-0.34	-0.25
EBIT Less CapEx to Interest Expense	-0.44	-0.45	0.60	0.60	-0.83	-1.08	-0.17	1.10	-0.78	-1.45	-1.64
NOPAT Less CapEx to Interest Expense	-0.62	-0.66	-0.09	-0.09	-0.98	-1.19	-1.20	-0.59	-0.78	-1.24	-1.36
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%	0.00%
Augmented Payout Ratio	-2,450.00%	-43.75%	-36.25%	127.27%	9.46%	8.00%	12.96%	6.32%	6.44%	-14.21%	-4.97%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, four-year look at American Axle & Manufacturing (DCH) using the quarterly cash flow, income statement, and balance sheet data you provided. The focus is on visible trends that may matter to retail investors evaluating the stock’s momentum, liquidity, and leverage.

Operating cash flow from continuing operations has remained positive across recent quarters (for example, Q3 2025: about $143.3M; Q4 2025: about $120.5M), signaling ongoing cash generation from core operations.
Free cash flow in Q4 2025 was positive—approximately $58M (roughly $120.5M in cash from operations minus about $62.4M in capital expenditures)—suggesting available cash after sustaining capex.
Ending cash balance surged in 2025 Q4 due to strong net financing activity, with net change in cash around $1.49B and a prior cash balance around $0.71B in Q3 2025, implying improved near-term liquidity.
Revenue levels have been relatively stable around the $1.38B range in late 2024–2025, indicating a fairly steady top line despite quarterly fluctuations in other metrics.
Financing activity shows substantial debt issuance in 2025 (e.g., large debt issuances in several quarters), which supports liquidity but increases leverage and potential interest burden over time.
Profitability is mixed on a quarterly basis. Some quarters show small net income (e.g., Q3 2025), while others post net losses (e.g., Q4 2025), pointing to inconsistent quarterly earnings even as cash flow remains positive.
Capex remains moderate and generally in the $60–70M per quarter range, which is manageable relative to the cash from operations but adds a recurring use of cash that offsets some cash generation.
Net income is negative in several periods, with Q4 2025 showing a substantial loss (-$75.3M) and per-share figures reflecting negative bottom-line results (EPS -$0.62 for Q4 2025).
Gross profit margin contracted in 2025 Q4 (Total Gross Profit $140.9M vs. $154.9M in 2024 Q4), indicating higher cost pressures or revenue mix shifts that squeezed profitability at the gross level.
Balance sheet leverage remains heavy. By 2025 Q3, Total Liabilities (~$4.62B) far exceed Total Equity (~$718M), underscoring a highly leveraged balance sheet. Persistently thin equity could heighten risk if profitability doesn’t improve.

Overall takeaways for investors:

The company continues to generate positive operating cash flow and has used debt to finance liquidity, which has helped bolster the cash position and fund capex. However, profitability remains fragile on a quarterly basis, gross margins have compressed, and the balance sheet remains heavily levered. If management can convert cash flow strength into more sustainable earnings and gradually reduce leverage, the stock could see improved risk-adjusted returns. As always, investors should monitor debt maturities, interest expense, and any shifts in the revenue mix that could influence margins going forward.

05/22/26 07:16 PM ETAI Generated. May Contain Errors.

American Axle & Manufacturing Financials - Frequently Asked Questions

According to the most recent income statement we have on file, American Axle & Manufacturing's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

American Axle & Manufacturing's net income appears to be on an upward trend, with a most recent value of -$19.70 million in 2025, falling from $235.60 million in 2015. The previous period was $35 million in 2024. See where experts think American Axle & Manufacturing is headed by visiting American Axle & Manufacturing's forecast page.

American Axle & Manufacturing's total operating income in 2025 was $112.30 million, based on the following breakdown:

Total Gross Profit: $704.50 million
Total Operating Expenses: $592.20 million

Over the last 10 years, American Axle & Manufacturing's total revenue changed from $3.90 billion in 2015 to $5.84 billion in 2025, a change of 49.5%.

American Axle & Manufacturing's total liabilities were at $6.03 billion at the end of 2025, a 34.1% increase from 2024, and a 107.9% increase since 2015.

In the past 10 years, American Axle & Manufacturing's cash and equivalents has ranged from $282.50 million in 2015 to $708.90 million in 2025, and is currently $708.90 million as of their latest financial filing in 2025.

Over the last 10 years, American Axle & Manufacturing's book value per share changed from 3.96 in 2015 to 5.39 in 2025, a change of 36.0%.

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Financial statements for NYSE:DCH last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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American Axle & Manufacturing (DCH) Financials

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American Axle & Manufacturing (DCH) Financials

Annual Income Statements for American Axle & Manufacturing

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Quarterly Cash Flow Statements for American Axle & Manufacturing

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Quarterly Balance Sheets for American Axle & Manufacturing

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Quarterly Metrics And Ratios for American Axle & Manufacturing

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

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How has American Axle & Manufacturing's revenue changed over the last 10 years?

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