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Stocks · Materials · Paints, Varnishes, Lacquers, Enamels & Allied Prods

Axalta Coating Systems Ltd.

AXTA Clue Score52
United States Fiscal year ends December CIK 0001616862
$32.63 -0.55% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $32.63 +6.84% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4,068.8Operating income405.1Net income38.8EPS, diluted0.16Fiscal year 2017Revenue4,377.0 +7.6%Operating income363.7Net income36.7 −5.4%EPS, diluted0.15 −6.3%Fiscal year 2018Revenue4,696.0 +7.3%Operating income442.1Net income207.1 +464.3%EPS, diluted0.85 +466.7%Fiscal year 2019Revenue4,482.2 −4.6%Operating income488.2Net income249.0 +20.2%EPS, diluted1.06 +24.7%Fiscal year 2020Revenue3,737.6 −16.6%Operating income305.5Net income121.6 −51.2%EPS, diluted0.52 −50.9%Fiscal year 2021Revenue4,416.2 +18.2%Operating income462.4Net income263.9 +117.0%EPS, diluted1.14 +119.2%Fiscal year 2022Revenue4,884.0 +10.6%Operating income423.0Net income192.0 −27.2%EPS, diluted0.86 −24.6%Fiscal year 2023Revenue5,184.0 +6.1%Operating income588.0Net income267.0 +39.1%EPS, diluted1.21 +40.7%Fiscal year 2024Revenue5,276.0 +1.8%Operating income706.0Net income391.0 +46.4%EPS, diluted1.78 +47.1%Fiscal year 2025Revenue5,117.0 −3.0%Operating income735.0Net income378.0 −3.3%EPS, diluted1.74 −2.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4,068.8 4,377.0 4,696.0 4,482.2 3,737.6 4,416.2 4,884.0 5,184.0 5,276.0 5,117.0
Growth +7.6% +7.3% −4.6% −16.6% +18.2% +10.6% +6.1% +1.8% −3.0%
Operating income 405.1 363.7 442.1 488.2 305.5 462.4 423.0 588.0 706.0 735.0
Net income 38.8 36.7 207.1 249.0 121.6 263.9 192.0 267.0 391.0 378.0
Growth −5.4% +464.3% +20.2% −51.2% +117.0% −27.2% +39.1% +46.4% −3.3%
EPS, diluted 0.16 0.15 0.85 1.06 0.52 1.14 0.86 1.21 1.78 1.74
Growth −6.3% +466.7% +24.7% −50.9% +119.2% −24.6% +40.7% +47.1% −2.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin10.0%Net margin1.0%Free cash flow margin10.4%Fiscal year 2017Operating margin8.3%Net margin0.8%Free cash flow margin9.5%Fiscal year 2018Operating margin9.4%Net margin4.4%Free cash flow margin7.5%Fiscal year 2019Operating margin10.9%Net margin5.6%Free cash flow margin10.3%Fiscal year 2020Operating margin8.2%Net margin3.3%Free cash flow margin11.4%Fiscal year 2021Operating margin10.5%Net margin6.0%Free cash flow margin9.9%Fiscal year 2022Operating margin8.7%Net margin3.9%Free cash flow margin2.9%Fiscal year 2023Operating margin11.3%Net margin5.2%Free cash flow margin8.4%Fiscal year 2024Operating margin13.4%Net margin7.4%Free cash flow margin8.3%Fiscal year 2025Operating margin14.4%Net margin7.4%Free cash flow margin8.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 10.0% 8.3% 9.4% 10.9% 8.2% 10.5% 8.7% 11.3% 13.4% 14.4%
Net margin 1.0% 0.8% 4.4% 5.6% 3.3% 6.0% 3.9% 5.2% 7.4% 7.4%
Free cash flow margin 10.4% 9.5% 7.5% 10.3% 11.4% 9.9% 2.9% 8.4% 8.3% 8.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow559.3Capital expenditure−136.2Free cash flow423.1Buybacks0.0Fiscal year 2017Operating cash flow540.0Capital expenditure−125.0Free cash flow415.0 −1.9%Buybacks−58.4Fiscal year 2018Operating cash flow496.1Capital expenditure−143.4Free cash flow352.7 −15.0%Buybacks−253.8Fiscal year 2019Operating cash flow573.1Capital expenditure−112.5Free cash flow460.6 +30.6%Buybacks−105.3Fiscal year 2020Operating cash flow509.3Capital expenditure−82.1Free cash flow427.2 −7.3%Buybacks−26.0Fiscal year 2021Operating cash flow558.6Capital expenditure−121.6Free cash flow437.0 +2.3%Buybacks−243.8Fiscal year 2022Operating cash flow294.0Capital expenditure−151.0Free cash flow143.0 −67.3%Buybacks−200.0Fiscal year 2023Operating cash flow575.0Capital expenditure−138.0Free cash flow437.0 +205.6%Buybacks−50.0Fiscal year 2024Operating cash flow576.0Capital expenditure−140.0Free cash flow436.0 −0.2%Buybacks−100.0Fiscal year 2025Operating cash flow649.0Capital expenditure−196.0Free cash flow453.0 +3.9%Buybacks−165.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 559.3 540.0 496.1 573.1 509.3 558.6 294.0 575.0 576.0 649.0
Capital expenditure −136.2 −125.0 −143.4 −112.5 −82.1 −121.6 −151.0 −138.0 −140.0 −196.0
Free cash flow 423.1 415.0 352.7 460.6 427.2 437.0 143.0 437.0 436.0 453.0
Growth −1.9% −15.0% +30.6% −7.3% +2.3% −67.3% +205.6% −0.2% +3.9%
Buybacks 0.0 −58.4 −253.8 −105.3 −26.0 −243.8 −200.0 −50.0 −100.0 −165.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash535.4Total debt3,304.2Net cash (debt)−2,768.8Shareholders’ equity1,125.1Debt to equity2.94Fiscal year 2017Cash769.8Total debt3,949.4Net cash (debt)−3,179.6Shareholders’ equity1,276.1Debt to equity3.09Fiscal year 2018Cash693.6Total debt3,893.8Net cash (debt)−3,200.2Shareholders’ equity1,205.1Debt to equity3.23Fiscal year 2019Cash1,017.5Total debt3,875.7Net cash (debt)−2,858.2Shareholders’ equity1,354.2Debt to equity2.86Fiscal year 2020Cash1,360.9Shareholders’ equity1,433.0Fiscal year 2021Cash840.6Total debt3,861.5Net cash (debt)−3,020.9Shareholders’ equity1,492.9Debt to equity2.59Fiscal year 2022Cash645.0Total debt3,673.3Net cash (debt)−3,028.3Shareholders’ equity1,453.5Debt to equity2.53Fiscal year 2023Cash700.0Total debt3,478.0Net cash (debt)−2,778.0Shareholders’ equity1,727.0Debt to equity2.01Fiscal year 2024Cash593.0Total debt3,401.0Net cash (debt)−2,808.0Shareholders’ equity1,912.0Debt to equity1.78Fiscal year 2025Cash657.0Total debt3,179.0Net cash (debt)−2,522.0Shareholders’ equity2,346.0Debt to equity1.36
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 535.4 769.8 693.6 1,017.5 1,360.9 840.6 645.0 700.0 593.0 657.0
Total debt 3,304.2 3,949.4 3,893.8 3,875.7 n/a 3,861.5 3,673.3 3,478.0 3,401.0 3,179.0
Net cash (debt) −2,768.8 −3,179.6 −3,200.2 −2,858.2 n/a −3,020.9 −3,028.3 −2,778.0 −2,808.0 −2,522.0
Shareholders’ equity 1,125.1 1,276.1 1,205.1 1,354.2 1,433.0 1,492.9 1,453.5 1,727.0 1,912.0 2,346.0
Debt to equity 2.94 3.09 3.23 2.86 n/a 2.59 2.53 2.01 1.78 1.36

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
559.3 540.0 496.1 573.1 509.3 558.6 294.0 575.0 576.0 649.0
Growth −3.5% −8.1% +15.5% −11.1% +9.7% −47.4% +95.6% +0.2% +12.7%
n/a n/a n/a 353.0 320.3 316.5 303.1 275.6 n/a n/a
Investment
−136.2 −125.0 −143.4 −112.5 −82.1 −121.6 −151.0 −138.0 −140.0 −196.0
calc 423.1 415.0 352.7 460.6 427.2 437.0 143.0 437.0 436.0 453.0
Growth −1.9% −15.0% +30.6% −7.3% +2.3% −67.3% +205.6% −0.2% +3.9%
calc 1.73 1.69 1.45 1.95 1.81 1.88 0.64 1.97 1.98 2.09
n/a −689.6 −189.2 −93.9 −61.5 −716.0 −106.0 −206.0 −440.0 −212.0
Financing
n/a 367.3 −368.2 −158.4 −130.9 −334.5 −369.0 −315.0 −201.0 −401.0
0.0 −58.4 −253.8 −105.3 −26.0 −243.8 −200.0 −50.0 −100.0 −165.0

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.