Effective January 26, 2026, American Axle & Manufacturing Holdings, Inc. changed its name to Dauch Corporation. As used in this report, except as otherwise indicated in information incorporated by reference, references to our Company, "we," "our," "us" or Dauch mean Dauch Corporation and its subsidiaries and predecessors, collectively.
Operating margin is thin at 2.89%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 25% versus the prior year, cash generation momentum has weakened. Net debt of $3.59B represents 23.1x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$6.80B
▼ -4.7% YoY
Net Income (TTM)
-$127M
▼ -156.3% YoY
Op. Margin
1.35%
▼ -0.3pp YoY
ROIC
1.55%
▼ -1.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$500K
▼ -25.2% YoY
Op. Cash Flow (TTM)
$291M
▼ -9.6% YoY
Net Debt
$4.43B
Cash & Equiv.
$1.01B
5Y CAGR: +4.4%
5Y CAGR: -8.3%
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