AXTA Financials Axalta Coating Systems Ltd.

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:30 UTC Overview →

Growth & profitability

Revenue has grown 6.5% per year over the past 5 years.
Net income has grown faster than revenue (25.5% vs 6.5% per year).
Operating margin has expanded, at 14.4% in the latest year.
Free cash flow has grown 1.2% per year over the past 5 years.

Financial health

Total debt ($3.2B) exceeds cash ($657M); net debt is $2.5B.
Total debt has grown slower than revenue (-5.1% vs 6.5% per year).
Operating income covered interest expense 4.2× in the latest year, up from 2.0× 5 years ago.
Total debt is 3.1× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$5.1B	$379M	34.4%	14.4%	16.2%	5.0%	$453M	$3.2B	$657M
2024	$5.3B	$391M	34.1%	13.4%	20.4%	5.4%	$436M	$3.4B	$593M
2023	$5.2B	$269M	31.2%	11.3%	15.6%	3.7%	$437M	$3.5B	$700M
2022	$4.9B	$192M	29.0%	8.7%	13.2%	2.7%	$143M	$3.7B	$645M
2021	$4.4B	$264M	32.4%	10.5%	17.7%	3.7%	$437M	$3.9B	$841M
2020	$3.7B	$122M	34.2%	8.2%	8.5%	1.7%	$427M	—	$1.4B
2019	$4.5B	$249M	34.9%	10.9%	18.4%	3.7%	$461M	$3.9B	$1.0B
2018	$4.7B	$207M	33.9%	9.4%	17.2%	3.1%	$353M	$3.9B	$694M
2017	$4.4B	$37M	36.5%	8.3%	2.9%	0.5%	$415M	$4.0B	$770M
2016	$4.1B	$39M	37.8%	10.0%	3.4%	0.7%	—	$3.3B	$535M
2015	—	$92M	—	—	8.5%	1.6%	—	—	$485M
2014	—	$27M	—	—	2.6%	0.4%	—	—	$382M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$1.3B	$95M	33.1%	12.6%	3.6%	1.2%	$89M	—	$650M
Jun '26	$1.3B	$89M	34.5%	12.4%	3.5%	1.2%	$104M	—	$633M
Mar '26	$1.3B	$90M	33.2%	11.6%	3.7%	1.2%	$18M	—	$608M
Dec '25	$1.3B	$60M	33.4%	12.8%	2.6%	0.8%	$286M	$3.2B	$657M
Sep '25	$1.3B	$110M	34.9%	15.8%	4.8%	1.4%	$87M	—	$606M
Jun '25	$1.3B	$109M	35.0%	14.8%	4.8%	1.4%	$97M	—	$625M
Mar '25	$1.3B	$99M	34.3%	13.9%	4.8%	1.3%	-$17M	—	$575M
Dec '24	$1.3B	$137M	34.1%	14.3%	7.2%	1.9%	$172M	$3.4B	$593M
Sep '24	$1.3B	$101M	35.0%	14.6%	5.3%	1.3%	$161M	—	$567M
Jun '24	$1.4B	$112M	34.0%	15.2%	6.3%	1.5%	$91M	—	$840M
Mar '24	$1.3B	$41M	33.2%	9.4%	2.4%	0.6%	$12M	—	$624M
Dec '23	$1.3B	$73M	32.6%	12.5%	4.2%	1.0%	$253M	$3.5B	$700M
Sep '23	$1.3B	$72M	32.3%	12.5%	4.5%	1.0%	$179M	—	$606M
Jun '23	$1.3B	$61M	30.1%	10.7%	3.7%	0.9%	$99M	—	$518M
Mar '23	$1.3B	$61M	29.8%	9.7%	3.9%	0.9%	-$94M	—	$512M
Dec '22	$1.2B	$44M	30.0%	8.9%	3.0%	0.6%	$202M	$3.7B	$645M
Sep '22	$1.2B	$62M	29.2%	10.0%	4.9%	0.9%	$44M	—	$517M
Jun '22	$1.2B	$44M	28.2%	8.4%	3.3%	0.6%	-$17M	—	$500M
Mar '22	$1.2B	$42M	28.7%	7.4%	3.0%	0.6%	-$86M	—	$576M
Dec '21	$1.1B	$53M	29.2%	8.3%	3.6%	0.7%	$246M	$3.9B	$841M

Valuation over time

How the market has priced AXTA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 33.8× (Mar '23) to 21.2× (Nov '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.6× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is AXTA growing its revenue and profit?

Over the past 5 years, Axalta Coating Systems Ltd.'s revenue has grown 6.5% per year, and net income grown 25.5% per year. These are computed facts, not advice.

How much debt does AXTA have?

As of FY2025, Axalta Coating Systems Ltd. reported $3.2B of total debt against $657M of cash; operating income covered interest expense 4.2×.

What is AXTA's profit margin?

In FY2025, gross margin was 34.4%, operating margin 14.4%, and net margin 7.4%.

What is AXTA's P/E ratio?

Axalta Coating Systems Ltd.'s P/E (TTM) is 24.01 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AXTA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.