AXTA · Axalta Coating Systems Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | - | $1.29B | $1.30B | $1.26B | - | $1.32B | $1.35B | $1.29B | - |
| Cost of Revenue | $838.00M | - | $838.00M | $848.00M | $829.00M | - | $858.00M | $891.00M | $865.00M | - |
| Gross Profit | $416.00M | - | $450.00M | $457.00M | $433.00M | - | $462.00M | $460.00M | $429.00M | - |
| R&D | $18.00M | - | $18.00M | $20.00M | $17.00M | - | $19.00M | $18.00M | $18.00M | - |
| SG&A | $200.00M | - | $197.00M | $208.00M | $202.00M | - | $211.00M | $213.00M | $207.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $76.00M | - | $74.00M | $74.00M | $70.00M | - | $71.00M | $66.00M | $68.00M | - |
| Operating Income | $146.00M | - | $204.00M | $193.00M | $176.00M | - | $193.00M | $205.00M | $121.00M | - |
| Interest Expense | $38.00M | - | $45.00M | $45.00M | $54.00M | - | $55.00M | $55.00M | $54.00M | - |
| Income Tax | $14.00M | - | $45.00M | $33.00M | $30.00M | - | $40.00M | $43.00M | $20.00M | - |
| Net Income | $90.00M | - | $110.00M | $109.00M | $99.00M | - | $101.00M | $112.00M | $41.00M | - |
| EPS - Basic | $0.42 | - | $0.51 | $0.50 | $0.45 | - | $0.46 | $0.51 | $0.18 | - |
| EPS - Diluted | $0.42 | - | $0.51 | $0.50 | $0.45 | - | $0.46 | $0.51 | $0.18 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $608.00M | $657.00M | $606.00M | $625.00M | $575.00M | $593.00M | $567.00M | $840.00M | $624.00M | $699.80M |
| Accounts Receivable | $981.00M | $1.01B | $1.12B | $1.10B | $1.04B | $1.01B | $1.07B | $1.05B | $1.03B | $1.04B |
| Inventory | $770.00M | $756.00M | $829.00M | $831.00M | $787.00M | $734.00M | $818.00M | $745.00M | $751.00M | $741.10M |
| Accounts Payable | $723.00M | $637.00M | $691.00M | $764.00M | $732.00M | $659.00M | $708.00M | $715.00M | $721.00M | $724.90M |
| Current Assets | $2.83B | $2.81B | $2.99B | $2.99B | $2.82B | $2.72B | $2.84B | $3.01B | $2.76B | $2.82B |
| Total Assets | $7.56B | $7.60B | $7.76B | $7.78B | $7.41B | $7.25B | $7.50B | $7.31B | $7.09B | $7.27B |
| Current Liabilities | $1.35B | $1.37B | $1.36B | $1.41B | $1.33B | $1.35B | $1.42B | $1.33B | $1.33B | $1.43B |
| Long-term Debt | - | $3.18B | - | - | - | $3.40B | - | - | - | $3.48B |
| Total Liabilities | $5.09B | $5.21B | $5.43B | $5.47B | $5.29B | $5.29B | $5.55B | $5.49B | $5.31B | $5.50B |
| Stockholders' Equity | $2.42B | $2.35B | $2.28B | $2.27B | $2.08B | $1.91B | $1.91B | $1.77B | $1.73B | $1.73B |
| Retained Earnings | $2.15B | $2.06B | $2.00B | $1.89B | $1.78B | $1.68B | $1.54B | $1.44B | $1.33B | $1.29B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $68.00M | - | - | - | $26.00M | - | - | - | $34.00M | - |
| Investing Cash Flow | ($53.00M) | - | - | - | ($44.00M) | - | - | - | ($19.00M) | - |
| Financing Cash Flow | ($61.00M) | - | - | - | ($8.00M) | - | - | - | ($82.00M) | - |
| CapEx | $50.00M | - | - | - | $43.00M | - | - | - | $22.00M | - |
| Free Cash Flow | $18.00M | - | - | - | ($17.00M) | - | - | - | $12.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 33.2% | - | 34.9% | 35.0% | 34.3% | - | 35.0% | 34.0% | 33.2% | - |
| Operating margin | 11.6% | - | 15.8% | 14.8% | 13.9% | - | 14.6% | 15.2% | 9.4% | - |
| EBITDA margin | 17.7% | - | 21.6% | 20.5% | 19.5% | - | 20.0% | 20.1% | 14.6% | - |
| Net margin | 7.2% | - | 8.5% | 8.4% | 7.8% | - | 7.7% | 8.3% | 3.2% | - |
| Free cash flow margin | 1.4% | - | - | - | -1.3% | - | - | - | 0.9% | - |
| FCF / Net income | 0.20 | - | - | - | -0.17 | - | - | - | 0.29 | - |
| R&D / Revenue | 1.4% | - | 1.4% | 1.5% | 1.3% | - | 1.4% | 1.3% | 1.4% | - |
| SG&A / Revenue | 15.9% | - | 15.3% | 15.9% | 16.0% | - | 16.0% | 15.8% | 16.0% | - |
| Effective tax rate | 13.5% | - | 29.0% | 23.2% | 23.3% | - | 28.4% | 27.7% | 32.8% | - |
| Return on assets | 1.2% | - | 1.4% | 1.4% | 1.3% | - | 1.3% | 1.5% | 0.6% | - |
| Return on equity | 3.7% | - | 4.8% | 4.8% | 4.8% | - | 5.3% | 6.3% | 2.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.10 | 2.06 | 2.20 | 2.12 | 2.12 | 2.01 | 2.00 | 2.26 | 2.07 | 1.98 |
| Quick ratio | 1.53 | 1.50 | 1.59 | 1.53 | 1.53 | 1.47 | 1.42 | 1.70 | 1.51 | 1.46 |
| Cash ratio | 0.45 | 0.48 | 0.45 | 0.44 | 0.43 | 0.44 | 0.40 | 0.63 | 0.47 | 0.49 |
| Leverage | ||||||||||
| Debt / Equity | - | 1.36 | - | - | - | 1.78 | - | - | - | 2.01 |
| Debt / Assets | - | 0.42 | - | - | - | 0.47 | - | - | - | 0.48 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.8x | - | 4.5x | 4.3x | 3.3x | - | 3.5x | 3.7x | 2.2x | - |
| Equity multiplier | 3.12 | 3.24 | 3.41 | 3.44 | 3.57 | 3.79 | 3.94 | 4.12 | 4.10 | 4.21 |
| Liabilities / Assets | 0.67 | 0.69 | 0.70 | 0.70 | 0.71 | 0.73 | 0.74 | 0.75 | 0.75 | 0.76 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.17 | 0.17 | 0.17 | - | 0.18 | 0.18 | 0.18 | - |
| Inventory turnover | 1.09 | - | 1.01 | 1.02 | 1.05 | - | 1.05 | 1.20 | 1.15 | - |
| Days sales outstanding | 286d | - | 316d | 309d | 301d | - | 295d | 285d | 292d | - |
| Days inventory outstanding | 335d | - | 361d | 358d | 347d | - | 348d | 305d | 317d | - |
| Days payable outstanding | 315d | - | 301d | 329d | 322d | - | 301d | 293d | 304d | - |
| Cash conversion cycle | 306d | - | 376d | 338d | 325d | - | 342d | 297d | 305d | - |
| Valuation | ||||||||||
| P / E | 66.0x | - | 56.1x | 59.4x | 73.7x | - | 78.7x | 67.0x | 191.1x | - |
| P / B | 2.5x | - | 2.7x | 2.9x | 3.5x | - | 4.2x | 4.3x | 4.4x | - |
| P / S | 4.7x | - | 4.8x | 5.0x | 5.8x | - | 6.0x | 5.6x | 5.9x | - |
| EV / EBITDA | 24.0x | - | 20.0x | 21.9x | 27.2x | - | 28.0x | 24.8x | 37.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.6% | - | -2.4% | -3.4% | -2.5% | - | 0.8% | 4.4% | 0.8% | - |
| Revenue CAGR (3y) | -0.8% | - | 1.3% | 1.9% | 2.4% | - | 6.6% | 6.2% | 6.8% | - |
| Revenue CAGR (5y) | 3.3% | - | 4.6% | 14.9% | 5.1% | - | 3.6% | 2.2% | 2.0% | - |
| Gross profit growth (YoY) | -3.9% | - | -2.6% | -0.7% | 0.9% | - | 9.1% | 18.1% | 12.3% | - |
| Operating income growth (YoY) | -17.0% | - | 5.7% | -5.9% | 45.5% | - | 18.1% | 49.0% | -3.4% | - |
| Net income growth (YoY) | -9.1% | - | 8.9% | -2.7% | 141.5% | - | 38.5% | 83.9% | -32.2% | - |
| EPS growth (YoY) | -6.7% | - | 10.9% | -2.0% | 150.0% | - | 39.4% | 88.9% | -33.3% | - |
| EPS CAGR (3y) | 15.9% | - | 22.1% | 35.7% | 35.7% | - | 15.3% | -1.9% | 44.2% | - |
| EPS CAGR (5y) | 47.6% | - | 7.8% | - | 15.4% | - | 10.4% | 4.0% | 0.0% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | 18.2% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.6% | 22.7% | 19.6% | 27.7% | 19.9% | 10.7% | 18.8% | 7.8% | 10.2% | 18.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.12B totalPerformance Coatings$3.28B · 64.0%
Mobility Coatings$1.84B · 36.0%
Product / service
$5.12B totalRefinish$2.05B · 40.1%
Light Vehicle$1.44B · 28.1%
Industrial$1.23B · 24.0%
Commercial Vehicle$402.00M · 7.9%
Geographic
$5.12B totalEMEA$1.82B · 35.6%
North America$1.76B · 34.4%
Asia Pacific$902.00M · 17.6%
Latin America$630.00M · 12.3%
Peer comparison
Same SIC group: Paints, Varnishes, Lacquers, Enamels & Allied Prods
Comparing Axalta Coating Systems Ltd. against the 3 most active filers in the same SIC group.