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NYSE · Materials

Axalta Coating Systems Ltd. (AXTA)

As-reported financials and SEC filings for Axalta Coating Systems Ltd. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Axalta Coating Systems Ltd.

Axalta Coating Systems Ltd. manufactures, markets, and distributes high-performance coating systems and products globally. The company serves customers in automotive refinish and various industrial markets by providing liquid and powder coatings, color matching technologies, and related services. Its products support vehicle repair, building materials, construction, energy solutions, transportation, and general metal finishing applications.

Snapshot

Revenue
$5.12B
Revenue growth (YoY)
-3.0%
Net income
$378.0M
Diluted EPS
$1.74
Gross margin
34.4%
Operating margin
14.4%
Net margin
7.4%
FCF margin
8.9%
ROE
15.8%
net income / fiscal-year-end equity
P/E
20.7×
trailing when available, otherwise FY EPS
Market cap
$7.49B
Long-term debt / equity
1.33×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Axalta Coating Systems

  • Revenue fell 3.0% to $5.1B in FY2025, slower than the 1.8% the year before.
  • Operating margin is 14.4% in FY2025, +3.9 pp against 10.5% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $1.3B, down 0.6% from Q1 FY2025.
  • Free cash flow was $453M in FY2025, 8.9% of revenue.
  • Net income fell 3.3% to $378M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Axalta Coating Systems’s fundamentals sit among the 224 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin34.4%
73rd percentile of 177
Operating margin14.4%
81st percentile of 174
Net margin7.4%
73rd percentile of 206
FCF margin8.9%
76th percentile of 191
Revenue growth (YoY)-3.0%
32nd percentile of 219
ROE15.8%
81st percentile of 199
P/E20.7×
57th percentile of 114
Long-term debt / equity1.33×
79th percentile of 156
Short interest4.69d
55th percentile of 220

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.5M
settled 2026-10-15
Change vs prior
+17.2%
vs previous settlement
Days to cover
4.69
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-10-159.5M+17.2%4.69
2026-09-308.1M+2.0%3.70
2026-09-158.0M-16.2%4.58
2026-08-319.5M-7.7%6.08
2026-08-1410.3M-1.6%6.68
2026-07-3110.5M+11.6%6.14
2026-07-159.4M-4.2%6.35
2026-06-309.8M+19.9%3.91

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$5.12B$5.28B$5.18B$4.88B$4.42B
Gross profit
Operating income$735.0M$706.0M$588.0M$423.0M$462.4M
Pre-tax income$546.0M$496.0M$355.0M$257.0M$340.5M
Net income$378.0M$391.0M$267.0M$192.0M$263.9M
Diluted EPS$1.74$1.78$1.21$0.86$1.14

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$657.0M$593.0M$700.0M$645.0M$840.6M
Current assets$2.81B$2.72B$2.82B$2.69B$2.58B
Total assets$7.60B$7.25B$7.27B$7.06B$7.22B
Current liabilities$1.37B$1.35B$1.43B$1.38B$1.33B
Long-term debt$3.18B$3.40B$3.48B$3.67B$3.75B
Total liabilities$5.21B$5.29B$5.50B$5.56B$5.68B
Total equity$2.39B$1.96B$1.77B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$649.0M$576.0M$575.0M$294.0M$558.6M
Capital expenditure$196.0M$140.0M$138.0M$151.0M$121.6M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$1.25B-0.6%$90.0M$0.42
Q4 FY2025-3.7%
Q3 FY2025$1.29B-2.4%$110.0M$0.51
Q2 FY2025$1.30B-3.4%$109.0M$0.50
Q1 FY2025$1.26B-2.5%$99.0M$0.45
Q4 FY20241.1%
Q3 FY2024$1.32B0.8%$101.0M$0.46
Q2 FY2024$1.35B4.4%$112.0M$0.51

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryPaints, Varnishes, Lacquers, Enamels & Allied Prods
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2015
SEC CIK1616862

Selected SEC filings

10-Q2026-07-29
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-07-23
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.