Axalta Coating Systems Ltd. AXTA

Healthcare SIC 2851 - Paints, Varnishes, Lacquers, Enamels & Allied Prods NAICS Manufacturing › Chemical Manufacturing › Paint, Coating, and Adhesive Manufacturing › Paint and Coating Manufacturing derived NYSE

Axalta Coating Systems Ltd. ("Axalta," the "Company," "we," "our" and "us"), a Bermuda exempted holding company incorporated in 2012, is a leading global manufacturer, marketer and distributor of high-performance coatings systems and products. We have over a 150-year heritage in the coatings industry and are known for manufacturing high-quality products with well-recognized brands supported by market-leading technology and customer service. Over the course of our history we have remained at the forefront of our industry by continually developing innovative coatings technologies and services designed to enhance the performance, appearance and sustainability attributes of our customers' products, while improving their productivity and profitability.

Last close 34.14 2026-10-23
Market cap $7.31B 2026-03-31 share count
52-week range 24.94 - 38.61

Valuation FY2025 figures against the last close

P/S1.4x
P/E19.6x
P/FCF16.1x
EV/EBITDA11.4x
Dividend yield—
Diluted EPS1.74

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Emea
  • North America
  • Asia Pacific
  • Latin America
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 Emea, FY2025: 1.8B (35.6%) 36% Emea North America, FY2025: 1.8B (34.4%) 34% North America Asia Pacific, FY2025: 902M (17.6%) 18% Asia Pacific Latin America, FY2025: 630M (12.3%) 12% Latin America FY2024 Emea, FY2024: 1.8B (33.8%) 34% North America, FY2024: 2B (38.2%) 38% Asia Pacific, FY2024: 862M (16.3%) 16% Latin America, FY2024: 616M (11.7%) 12% FY2023 Emea, FY2023: 1.8B (34.3%) 34% North America, FY2023: 2B (39.3%) 39% Asia Pacific, FY2023: 781M (15.1%) 15% Latin America, FY2023: 589M (11.4%) 11%
Region FY2025FY2024FY2023
Emea $1.82B $1.78B $1.78B
North America $1.76B $2.01B $2.04B
Asia Pacific $902.0M $862.0M $781.0M
Latin America $630.0M $616.0M $589.0M

As the company reported it, from the “SEGMENTS - Schedule of Revenue from External Customers and Long-lived Assets, by Geographical Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Performance Coatings
  • Mobility Coatings
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Performance Coatings, FY2025: 3.3B (64.0%) 64% Performance Coatings Mobility Coatings, FY2025: 1.8B (36.0%) 36% Mobility Coatings FY2024 Performance Coatings, FY2024: 3.5B (65.5%) 65% Mobility Coatings, FY2024: 1.8B (34.5%) 35% FY2023 Performance Coatings, FY2023: 3.4B (65.7%) 66% Mobility Coatings, FY2023: 1.8B (34.3%) 34%
Segment FY2025FY2024FY2023
Performance Coatings $3.28B $3.46B $3.41B
Mobility Coatings $1.84B $1.82B $1.78B

As the company reported it, from the “SEGMENTS - Schedule of Segment Reporting Information, by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.12B$5.28B$5.18B$4.88B$4.42B$3.74B$4.48B$4.70B$4.38B$4.07B
Cost of revenue $3.35B$3.48B$3.57B$3.47B$2.99B$2.46B$2.92B$3.11B$2.78B$2.53B
Gross profit $1.76B$1.80B$1.62B$1.42B$1.43B$1.28B$1.56B$1.59B$1.60B$1.54B
R&D $71.0M$74.0M$74.0M$66.0M$62.4M$55.2M$70.2M$73.1M$65.3M$57.7M
SG&A $805.0M$847.0M$840.0M$772.0M$738.7M$695.0M$822.1M$876.4M$934.7M$959.8M
Operating income $735.0M$706.0M$588.0M$423.0M$462.4M$305.5M$488.2M$442.1M$363.7M$405.1M
Interest expense $176.0M$205.0M$213.0M$140.0M$134.2M$149.9M$162.6M$159.6M$147.0M$178.2M
Pre-tax income $546.0M$496.0M$355.0M$257.0M$340.5M$122.2M$330.0M$267.5M$189.6M$82.7M
Income tax $167.0M$105.0M$86.0M$65.0M$76.1M$200.0K$77.4M$54.2M$141.9M$38.1M
Net income $379.0M$391.0M$269.0M$192.0M$264.0M$121.6M$249.0M$207.1M$36.7M$38.8M
EPS, basic 1.751.781.210.861.140.521.060.870.150.16
EPS, diluted 1.741.781.210.861.140.521.060.850.150.16
Shares, diluted (wtd. avg.) 217.0M220.4M221.9M222.3M231.9M236.0M235.8M242.9M246.1M244.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $657.0M$593.0M$700.0M$655.0M$851.0M$1.36B$1.02B$696.4M$772.9M$538.1M
Receivables $1.01B$1.01B$1.04B$909.3M$760.4M$738.3M$718.4M$739.9M$748.2M$640.4M
Inventory $756.0M$734.0M$741.0M$829.6M$669.7M$559.9M$591.6M$613.0M$608.6M$529.7M
Total current assets $2.81B$2.72B$2.82B$2.69B$2.58B$2.93B$2.57B$2.31B$2.32B$1.92B
Property, plant and equipment $1.30B$1.18B$1.20B$1.19B$1.19B—$1.22B$1.30B$1.39B$1.32B
Goodwill $1.79B$1.64B$1.59B$1.50B$1.59B$1.29B$1.21B$1.23B$1.27B$964.1M
Other intangibles $1.15B$1.15B$1.13B$1.11B$1.28B$1.15B$1.22B$1.35B$1.43B$1.13B
Total assets $7.60B$7.25B$7.27B$7.06B$7.22B$7.16B$6.82B$6.68B$6.83B$5.87B
Accounts payable $637.0M$659.0M$725.0M$733.5M$657.4M$564.4M$483.7M$522.8M$554.9M$474.2M
Short-term debt $20.0M$20.0M$26.0M$31.0M$79.7M$54.2M$43.9M$42.2M$37.7M$27.9M
Total current liabilities $1.37B$1.35B$1.43B$1.38B$1.33B$1.18B$1.07B$1.04B$1.08B$942.1M
Long-term debt $3.18B$3.40B$3.48B$3.67B$3.86B—$3.88B$3.89B$3.95B$3.30B
Total liabilities $5.21B$5.29B$5.50B$5.56B$5.68B$5.68B$5.41B$5.37B$5.42B$4.62B
Retained earnings $2.06B$1.68B$1.29B$1.02B$827.2M$563.3M$443.2M$198.6M-$21.4M-$58.1M
Total equity $2.35B$1.91B$1.77B$1.50B$1.54B$1.48B$1.41B$1.31B$1.41B$1.25B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $649.0M$576.0M$575.0M$294.0M$558.6M$509.3M$573.1M$496.1M$540.0M$559.3M
Depreciation and amortisation $131.0M$127.0M$121.0M$117.0M$316.5M$320.3M$353.0M$183.4M$176.6M$176.8M
Stock-based compensation $25.0M$28.0M$26.0M$22.0M$14.9M$15.1M$15.7M$37.3M$38.5M$41.1M
Capital expenditure $196.0M$140.0M$138.0M$151.0M$121.6M$82.1M$112.5M$143.4M$125.0M$136.2M
Investing cash flow -$212.0M-$440.0M-$206.0M-$106.0M-$716.0M-$61.5M-$93.9M-$189.2M-$689.6M-$257.0M
Financing cash flow -$401.0M-$201.0M-$315.0M-$369.0M-$334.5M-$130.9M-$158.4M-$368.2M$367.3M-$232.6M
Buybacks $165.0M$100.0M$50.0M$200.0M$243.8M$26.0M$105.3M$253.8M$58.4M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-166838.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 4.1B Gross profit, FY2016: 1.5B Net income, FY2016: 38.8M Revenue, FY2017: 4.4B Gross profit, FY2017: 1.6B Net income, FY2017: 36.7M Revenue, FY2018: 4.7B Gross profit, FY2018: 1.6B Net income, FY2018: 207.1M Revenue, FY2019: 4.5B Gross profit, FY2019: 1.6B Net income, FY2019: 249M Revenue, FY2020: 3.7B Gross profit, FY2020: 1.3B Net income, FY2020: 121.6M Revenue, FY2021: 4.4B Gross profit, FY2021: 1.4B Net income, FY2021: 264M Revenue, FY2022: 4.9B Gross profit, FY2022: 1.4B Net income, FY2022: 192M Revenue, FY2023: 5.2B Gross profit, FY2023: 1.6B Net income, FY2023: 269M Revenue, FY2024: 5.3B Gross profit, FY2024: 1.8B Net income, FY2024: 391M Revenue, FY2025: 5.1B Gross profit, FY2025: 1.8B Net income, FY2025: 379M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.07B $4.38B $4.70B $4.48B $3.74B $4.42B $4.88B $5.18B $5.28B $5.12B
Gross profit $1.54B $1.60B $1.59B $1.56B $1.28B $1.43B $1.42B $1.62B $1.80B $1.76B
Net income $38.8M $36.7M $207.1M $249.0M $121.6M $264.0M $192.0M $269.0M $391.0M $379.0M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Shareholder vote Item 5.07
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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