American Axle & Manufacturing Holdings, Inc.

AXL

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

6,125

Cost of Revenue

5,384

Gross Profit

741

Gross Margin

12.1%

Operating Income

241

Operating Margin

3.9%

Net Income

Net Margin

0.6%

EPS (Basic)

$0.30

EPS (Diluted)

$0.29

EBITDA

719

EBITDA Margin

11.7%

2023

12/31/2023

Revenue

6,080

Cost of Revenue

5,455

Gross Profit

624

Gross Margin

10.3%

Operating Income

147

Operating Margin

2.4%

Net Income

-34

Net Margin

-0.6%

EPS (Basic)

$-0.29

EPS (Diluted)

$-0.29

EBITDA

664

EBITDA Margin

10.9%

2022

12/31/2022

Revenue

5,802

Cost of Revenue

5,098

Gross Profit

705

Gross Margin

12.1%

Operating Income

244

Operating Margin

4.2%

Net Income

Net Margin

1.1%

EPS (Basic)

$0.54

EPS (Diluted)

$0.53

EBITDA

733

EBITDA Margin

12.6%

2021

12/31/2021

Revenue

5,157

Cost of Revenue

4,434

Gross Profit

723

Gross Margin

14.0%

Operating Income

241

Operating Margin

4.7%

Net Income

Net Margin

0.1%

EPS (Basic)

$0.05

EPS (Diluted)

$0.05

EBITDA

741

EBITDA Margin

14.4%

2020

12/31/2020

Revenue

4,711

Cost of Revenue

4,128

Gross Profit

583

Gross Margin

12.4%

Operating Income

-396

Operating Margin

-8.4%

Net Income

-561

Net Margin

-11.9%

EPS (Basic)

$-4.96

EPS (Diluted)

$-4.96

EBITDA

124

EBITDA Margin

2.6%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	6,125	6,080	5,802	5,157	4,711
Cost of Revenue	5,384	5,455	5,098	4,434	4,128
Gross Profit	741	624	705	723	583
Gross Margin	12.1%	10.3%	12.1%	14.0%	12.4%
Operating Income	241	147	244	241	-396
Operating Margin	3.9%	2.4%	4.2%	4.7%	-8.4%
Net Income	35	-34	64	6	-561
Net Margin	0.6%	-0.6%	1.1%	0.1%	-11.9%
EPS (Basic)	$0.30	$-0.29	$0.54	$0.05	$-4.96
EPS (Diluted)	$0.29	$-0.29	$0.53	$0.05	$-4.96
EBITDA	719	664	733	741	124
EBITDA Margin	11.7%	10.9%	12.6%	14.4%	2.6%