American Axle & Manufacturing (AXL) — Tangible Net Worth Ratio
American Axle & Manufacturing (AXL) has a Tangible Net Worth Ratio of 41.4% as of December 2025. This metric is calculated by deducting intangible assets ($375.20 Million) from net assets ($640.00 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See AXL total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
American Axle & Manufacturing Tangible Net Worth Ratio (1998–2025)
This chart shows how American Axle & Manufacturing's Tangible Net Worth Ratio has changed across 23 annual periods from 1998 to 2025. As of December 2025, the ratio stands at 41.4%, reflecting net assets of $640.00 Million with intangible assets of $375.20 Million USD. Also explore AXL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for American Axle & Manufacturing (1998–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for American Axle & Manufacturing from 1998 to 2025, covering 23 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is American Axle & Manufacturing worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 41.4% | $640.00 Million | $375.20 Million | $6.67 Billion | ▲ +22.5 pp |
| 2024 | 18.9% | $562.80 Million | $456.70 Million | $5.06 Billion | ▲ +6.9 pp |
| 2023 | 11.9% | $604.90 Million | $532.80 Million | $5.36 Billion | ▲ +10.1 pp |
| 2022 | 1.8% | $627.30 Million | $616.20 Million | $5.47 Billion | ▲ +54.1 pp |
| 2021 | -52.3% | $457.80 Million | $697.30 Million | $5.64 Billion | ▲ +56.9 pp |
| 2020 | -109.2% | $373.20 Million | $780.70 Million | $5.92 Billion | ▼ -121.0 pp |
| 2019 | 11.8% | $980.40 Million | $864.50 Million | $6.64 Billion | ▼ -13.4 pp |
| 2018 | 25.2% | $1.49 Billion | $1.11 Billion | $7.51 Billion | ▲ +4.0 pp |
| 2017 | 21.3% | $1.54 Billion | $1.21 Billion | $7.88 Billion | ▼ -73.4 pp |
| 2016 | 94.6% | $530.00 Million | $28.50 Million | $3.45 Billion | ▲ +4.8 pp |
| 2015 | 89.8% | $301.50 Million | $30.70 Million | $3.20 Billion | ▲ +6.7 pp |
| 2014 | 83.1% | $113.40 Million | $19.20 Million | $3.26 Billion | ▲ +6.3 pp |
| 2013 | 76.8% | $33.60 Million | $7.80 Million | $3.03 Billion | ▼ -6.6 pp |
| 2007 | 83.4% | $890.70 Million | $147.80 Million | $2.91 Billion | ▲ +1.6 pp |
| 2006 | 81.8% | $813.70 Million | $147.80 Million | $2.60 Billion | ▼ -3.3 pp |
| 2005 | 85.1% | $994.80 Million | $147.80 Million | $2.67 Billion | ▲ +0.6 pp |
| 2004 | 84.5% | $955.50 Million | $147.80 Million | $2.54 Billion | ▲ +0.0 pp |
| 2003 | 84.5% | $954.70 Million | $147.80 Million | $2.40 Billion | ▲ +5.9 pp |
| 2002 | 78.7% | $703.60 Million | $150.20 Million | $2.34 Billion | ▲ +18.8 pp |
| 2001 | 59.8% | $534.70 Million | $214.80 Million | $2.16 Billion | ▲ +9.7 pp |
| 2000 | 50.1% | $372.00 Million | $185.70 Million | $1.90 Billion | ▲ +21.4 pp |
| 1999 | 28.7% | $263.70 Million | $188.10 Million | $1.68 Billion | ▼ -71.3 pp |
| 1998 | 100.0% | $40.50 Million | $0.00 | $1.23 Billion | — |