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Axalta Coating Sys Ltd Financials

AXTA
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Axalta Coating Sys Ltd (AXTA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 48 / 100
Financial Profile 48/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
54

Axalta Coating Sys Ltd has an operating margin of 14.4%, meaning the company retains $14 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is up from 13.4% the prior year.

Growth
28

Axalta Coating Sys Ltd's revenue declined 3% year-over-year, from $5.3B to $5.1B. This contraction results in a growth score of 28/100.

Leverage
74

Axalta Coating Sys Ltd carries a low D/E ratio of 1.36, meaning only $1.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
37

Axalta Coating Sys Ltd's current ratio of 2.06 indicates adequate short-term liquidity, earning a score of 37/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
47

Axalta Coating Sys Ltd has a free cash flow margin of 8.8%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
47

Axalta Coating Sys Ltd's ROE of 16.1% shows moderate profitability relative to equity, earning a score of 47/100. This is down from 20.4% the prior year.

Altman Z-Score Grey Zone
2.26

Axalta Coating Sys Ltd scores 2.26, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
7/9

Axalta Coating Sys Ltd passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.72x

For every $1 of reported earnings, Axalta Coating Sys Ltd generates $1.72 in operating cash flow ($649.0M OCF vs $378.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
4.2x

Axalta Coating Sys Ltd earns $4.2 in operating income for every $1 of interest expense ($735.0M vs $176.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5.1B
YoY-3.0%
5Y CAGR+6.5%
10Y CAGR+2.2%

Axalta Coating Sys Ltd generated $5.1B in revenue in fiscal year 2025. This represents a decrease of 3.0% from the prior year.

EBITDA
$1.0B
YoY+4.5%
5Y CAGR+10.5%
10Y CAGR+2.9%

Axalta Coating Sys Ltd's EBITDA was $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.5% from the prior year.

Net Income
$378.0M
YoY-3.3%
5Y CAGR+25.5%
10Y CAGR+15.2%

Axalta Coating Sys Ltd reported $378.0M in net income in fiscal year 2025. This represents a decrease of 3.3% from the prior year.

EPS (Diluted)
$1.74
YoY-2.2%
5Y CAGR+27.3%
10Y CAGR+16.4%

Axalta Coating Sys Ltd earned $1.74 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$453.0M
YoY+3.9%
5Y CAGR+1.2%
10Y CAGR+5.2%

Axalta Coating Sys Ltd generated $453.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 3.9% from the prior year.

Cash & Debt
$657.0M
YoY+10.8%
5Y CAGR-13.6%
10Y CAGR+3.1%

Axalta Coating Sys Ltd held $657.0M in cash against $3.2B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
213M
YoY-2.2%
5Y CAGR-1.8%
10Y CAGR-1.1%

Axalta Coating Sys Ltd had 213M shares outstanding in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

Margins & Returns

Gross Margin
34.4%
YoY+0.4pp
5Y CAGR+0.2pp
10Y CAGR-2.4pp

Axalta Coating Sys Ltd's gross margin was 34.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin
14.4%
YoY+1.0pp
5Y CAGR+6.2pp
10Y CAGR+3.0pp

Axalta Coating Sys Ltd's operating margin was 14.4% in fiscal year 2025, reflecting core business profitability. This is up 1.0 percentage points from the prior year.

Net Margin
7.4%
YoY-0.0pp
5Y CAGR+4.1pp
10Y CAGR+5.2pp

Axalta Coating Sys Ltd's net profit margin was 7.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.

Return on Equity
16.1%
YoY-4.3pp
5Y CAGR+7.6pp
10Y CAGR+7.6pp

Axalta Coating Sys Ltd's ROE was 16.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.

Capital Allocation

R&D Spending
$71.0M
YoY-4.1%
5Y CAGR+5.2%
10Y CAGR+3.2%

Axalta Coating Sys Ltd invested $71.0M in research and development in fiscal year 2025. This represents a decrease of 4.1% from the prior year.

Share Buybacks
$165.0M
YoY+65.0%
5Y CAGR+44.7%

Axalta Coating Sys Ltd spent $165.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 65.0% from the prior year.

Capital Expenditures
$196.0M
YoY+40.0%
5Y CAGR+19.0%
10Y CAGR+3.6%

Axalta Coating Sys Ltd invested $196.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 40.0% from the prior year.

AXTA Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.3B-2.0% $1.3B-1.3% $1.3B+3.4% $1.3B-3.7% $1.3B-0.7% $1.3B-2.3% $1.4B+4.4% $1.3B
Cost of Revenue $840.0M+0.2% $838.0M-1.2% $848.0M+2.3% $829.0M-4.1% $864.0M+0.7% $858.0M-3.7% $891.0M+3.0% $865.0M
Gross Profit $422.0M-6.2% $450.0M-1.5% $457.0M+5.5% $433.0M-3.1% $447.0M-3.2% $462.0M+0.4% $460.0M+7.2% $429.0M
R&D Expenses $16.0M-11.1% $18.0M-10.0% $20.0M+17.6% $17.0M-10.5% $19.0M0.0% $19.0M+5.6% $18.0M0.0% $18.0M
SG&A Expenses $198.0M+0.5% $197.0M-5.3% $208.0M+3.0% $202.0M-6.5% $216.0M+2.4% $211.0M-0.9% $213.0M+2.9% $207.0M
Operating Income $162.0M-20.6% $204.0M+5.7% $193.0M+9.7% $176.0M-5.9% $187.0M-3.1% $193.0M-5.9% $205.0M+69.4% $121.0M
Interest Expense $42.0M-6.7% $45.0M0.0% $45.0M+2.3% $44.0M-6.4% $47.0M-13.0% $54.0M+8.0% $50.0M-7.4% $54.0M
Income Tax $59.0M+31.1% $45.0M+36.4% $33.0M+10.0% $30.0M+1400.0% $2.0M-95.0% $40.0M-7.0% $43.0M+115.0% $20.0M
Net Income $60.0M-45.5% $110.0M+0.9% $109.0M+10.1% $99.0M-27.7% $137.0M+35.6% $101.0M-9.8% $112.0M+173.2% $41.0M
EPS (Diluted) N/A $0.51+2.0% $0.50+11.1% $0.45 N/A $0.46-9.8% $0.51+183.3% $0.18

AXTA Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $7.6B-2.1% $7.8B-0.3% $7.8B+5.0% $7.4B+2.2% $7.2B-3.3% $7.5B+2.7% $7.3B+3.1% $7.1B
Current Assets $2.8B-5.9% $3.0B+0.1% $3.0B+5.9% $2.8B+3.6% $2.7B-4.1% $2.8B-5.8% $3.0B+9.2% $2.8B
Cash & Equivalents $657.0M+8.4% $606.0M-3.0% $625.0M+8.7% $575.0M-3.0% $593.0M+4.6% $567.0M-32.5% $840.0M+34.6% $624.0M
Inventory $756.0M-8.8% $829.0M-0.2% $831.0M+5.6% $787.0M+7.2% $734.0M-10.3% $818.0M+9.8% $745.0M-0.8% $751.0M
Accounts Receivable $1.0B-9.1% $1.1B+1.0% $1.1B+6.3% $1.0B+2.5% $1.0B-5.0% $1.1B+1.3% $1.1B+1.8% $1.0B
Goodwill $1.8B+1.5% $1.8B-0.3% $1.8B+5.8% $1.7B+2.3% $1.6B-4.5% $1.7B+10.9% $1.5B-0.3% $1.6B
Total Liabilities $5.2B-4.2% $5.4B-0.6% $5.5B+3.4% $5.3B-0.1% $5.3B-4.6% $5.5B+1.1% $5.5B+3.3% $5.3B
Current Liabilities $1.4B+0.7% $1.4B-3.3% $1.4B+5.7% $1.3B-1.8% $1.4B-4.8% $1.4B+6.5% $1.3B+0.2% $1.3B
Long-Term Debt $3.2B-6.0% $3.4B-0.4% $3.4B-0.1% $3.4B-0.1% $3.4B-3.0% $3.5B-2.3% $3.6B+5.3% $3.4B
Total Equity $2.3B+2.9% $2.3B+0.6% $2.3B+9.1% $2.1B+8.6% $1.9B+0.4% $1.9B+7.4% $1.8B+2.4% $1.7B
Retained Earnings $2.1B+3.0% $2.0B+5.8% $1.9B+6.1% $1.8B+5.9% $1.7B+8.9% $1.5B+7.0% $1.4B+8.4% $1.3B

AXTA Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $344.0M+151.1% $137.0M-3.5% $142.0M+446.2% $26.0M-88.9% $234.0M+20.6% $194.0M+70.2% $114.0M+235.3% $34.0M
Capital Expenditures $58.0M+16.0% $50.0M+11.1% $45.0M+4.7% $43.0M-30.6% $62.0M+87.9% $33.0M+43.5% $23.0M+4.5% $22.0M
Free Cash Flow $286.0M+228.7% $87.0M-10.3% $97.0M+670.6% -$17.0M-109.9% $172.0M+6.8% $161.0M+76.9% $91.0M+658.3% $12.0M
Investing Cash Flow -$90.0M-130.8% -$39.0M0.0% -$39.0M+11.4% -$44.0M+33.3% -$66.0M+80.5% -$338.0M-1888.2% -$17.0M+10.5% -$19.0M
Financing Cash Flow -$206.0M-76.1% -$117.0M-67.1% -$70.0M-775.0% -$8.0M+92.8% -$111.0M+19.6% -$138.0M-206.2% $130.0M+258.5% -$82.0M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $0-100.0% $100.0M N/A N/A $0-100.0% $50.0M N/A N/A

AXTA Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 33.4%-1.5pp 34.9%-0.1pp 35.0%+0.7pp 34.3%+0.2pp 34.1%-0.9pp 35.0%+0.9pp 34.1%+0.9pp 33.1%
Operating Margin 12.8%-3.0pp 15.8%+1.1pp 14.8%+0.8pp 14.0%-0.3pp 14.3%-0.4pp 14.6%-0.6pp 15.2%+5.8pp 9.3%
Net Margin 4.8%-3.8pp 8.5%+0.2pp 8.3%+0.5pp 7.8%-2.6pp 10.4%+2.8pp 7.6%-0.6pp 8.3%+5.1pp 3.2%
Return on Equity 2.6%-2.3pp 4.8%+0.0pp 4.8%+0.0pp 4.8%-2.4pp 7.2%+1.9pp 5.3%-1.0pp 6.3%+4.0pp 2.4%
Return on Assets 0.8%-0.6pp 1.4%+0.0pp 1.4%+0.1pp 1.3%-0.5pp 1.9%+0.5pp 1.4%-0.2pp 1.5%+0.9pp 0.6%
Current Ratio 2.06-0.1 2.20+0.1 2.120.0 2.12+0.1 2.01+0.0 2.00-0.3 2.26+0.2 2.07
Debt-to-Equity 1.36-0.1 1.48-0.0 1.50-0.1 1.64-0.1 1.78-0.1 1.84-0.2 2.02+0.1 1.97
FCF Margin 22.7%+15.9pp 6.8%-0.7pp 7.4%+8.8pp -1.4%-14.5pp 13.1%+0.9pp 12.2%+5.5pp 6.7%+5.8pp 0.9%

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Frequently Asked Questions

Axalta Coating Sys Ltd (AXTA) reported $5.1B in total revenue for fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Axalta Coating Sys Ltd (AXTA) revenue declined by 3% year-over-year, from $5.3B to $5.1B in fiscal year 2025.

Yes, Axalta Coating Sys Ltd (AXTA) reported a net income of $378.0M in fiscal year 2025, with a net profit margin of 7.4%.

Axalta Coating Sys Ltd (AXTA) reported diluted earnings per share of $1.74 for fiscal year 2025. This represents a -2.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Axalta Coating Sys Ltd (AXTA) had EBITDA of $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Axalta Coating Sys Ltd (AXTA) had $657.0M in cash and equivalents against $3.2B in long-term debt.

Axalta Coating Sys Ltd (AXTA) had a gross margin of 34.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Axalta Coating Sys Ltd (AXTA) had an operating margin of 14.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Axalta Coating Sys Ltd (AXTA) had a net profit margin of 7.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Axalta Coating Sys Ltd (AXTA) has a return on equity of 16.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Axalta Coating Sys Ltd (AXTA) generated $453.0M in free cash flow during fiscal year 2025. This represents a 3.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Axalta Coating Sys Ltd (AXTA) generated $649.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Axalta Coating Sys Ltd (AXTA) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Axalta Coating Sys Ltd (AXTA) invested $196.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Axalta Coating Sys Ltd (AXTA) invested $71.0M in research and development during fiscal year 2025.

Yes, Axalta Coating Sys Ltd (AXTA) spent $165.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Axalta Coating Sys Ltd (AXTA) had 213M shares outstanding as of fiscal year 2025.

Axalta Coating Sys Ltd (AXTA) had a current ratio of 2.06 as of fiscal year 2025, which is generally considered healthy.

Axalta Coating Sys Ltd (AXTA) had a debt-to-equity ratio of 1.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Axalta Coating Sys Ltd (AXTA) had a return on assets of 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Axalta Coating Sys Ltd (AXTA) has an Altman Z-Score of 2.26, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Axalta Coating Sys Ltd (AXTA) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Axalta Coating Sys Ltd (AXTA) has an earnings quality ratio of 1.72x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Axalta Coating Sys Ltd (AXTA) has an interest coverage ratio of 4.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Axalta Coating Sys Ltd (AXTA) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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