Saturday 17 October 2026
Export AXTA’s income statement to Excel — free account
Axalta Coating Systems Ltd.
AXTA Basic Materials Specialty Chemicals
Axalta Coating Systems Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, down 3.01% from fiscal 2024. In the quarter to June 2026, revenue grew 3.14%, EPS fell 16.0%, free cash flow grew 7.22% and total debt fell 10.2%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
33.44
0.29
−0.86%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
175.67 | 213.60 | 26.92 | 28.41 | 54.90 | 29.31 | 29.80 | 27.90 | 19.22 | 18.57 |
Piotroski F-Score |
6 | 4 | 8 | 8 | 5 | 7 | 7 | 9 | 9 | 7 |
P/S ratio |
1.61 | 1.76 | 1.19 | 1.59 | 1.80 | 1.73 | 1.16 | 1.43 | 1.42 | 1.36 |
Altman Z-Score |
1.95 | 1.89 | 1.82 | 2.04 | 1.78 | 2.00 | 1.92 | 2.28 | 2.45 | 2.40 |
P/FCF ratio |
15.56 | 18.56 | 15.87 | 15.44 | 15.72 | 17.51 | 39.74 | 16.93 | 17.21 | 15.41 |
Altman Z″-Score (non-manufacturers) |
1.81 | 1.80 | 2.05 | 2.41 | 2.42 | 2.22 | 2.37 | 2.72 | 3.04 | 3.26 |
Beneish M-Score |
(2.87) | (2.70) | (2.63) | (2.75) | (2.64) | (2.49) | (2.38) | (2.53) | (2.63) | (2.63) |
P/Operating CF |
28.87 | 32.97 | 22.34 | 25.10 | 24.12 | 28.48 | 23.12 | 25.87 | 32.07 | 20.29 |
P/B ratio |
5.28 | 5.47 | 4.27 | 5.04 | 4.54 | 4.97 | 3.79 | 4.17 | 3.84 | 2.92 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.27 | 2.48 | 1.87 | 2.21 | 2.47 | 2.41 | 1.79 | 1.97 | 1.96 | 1.86 |
EV/EBITDA |
12.50 | 15.08 | 10.70 | 11.68 | 14.56 | 13.49 | 11.86 | 11.68 | 10.40 | 9.17 |
EV/Operating CF |
16.64 | 20.08 | 17.67 | 17.32 | 18.15 | 19.03 | 29.70 | 17.74 | 17.93 | 14.67 |
EV/FCF |
22.00 | 26.13 | 24.85 | 21.55 | 21.64 | 24.32 | 61.06 | 23.34 | 23.69 | 21.01 |
Quick Ratio |
1.42 | 1.52 | 1.50 | 1.72 | 1.89 | 1.34 | 1.24 | 1.37 | 1.36 | 1.38 |
Current Ratio |
2.04 | 2.14 | 2.22 | 2.40 | 2.48 | 1.93 | 1.94 | 1.98 | 2.01 | 2.06 |
Net Debt/EBITDA |
3.66 | 4.37 | 3.87 | 3.31 | 3.98 | 3.78 | 4.14 | 3.21 | 2.84 | 2.45 |
Debt/Assets |
55.64% | 57.31% | 57.88% | 56.23% | 54.39% | 53.06% | 52.47% | 48.18% | 47.19% | 42.10% |
Debt/Equity |
2.62 | 2.78 | 2.95 | 2.72 | 2.63 | 2.49 | 2.47 | 1.98 | 1.75 | 1.34 |
Asset Turnover |
0.70 | 0.69 | 0.70 | 0.66 | 0.53 | 0.61 | 0.68 | 0.72 | 0.73 | 0.69 |
Operating CF/Net income |
14.41 | 14.71 | 2.40 | 2.30 | 4.19 | 2.12 | 1.53 | 2.15 | 1.47 | 1.72 |
Capex/Depreciation |
(0.40) | (0.35) | (0.38) | (0.31) | (0.25) | (0.37) | (0.48) | (0.48) | (0.49) | (0.65) |
Interest Coverage |
2.27 | 2.47 | 2.77 | 3.00 | 2.04 | 3.45 | 3.02 | 2.76 | 3.44 | 4.18 |
| 3.25% | 2.77% | 15.24% | 18.31% | 8.42% | 17.49% | 12.64% | 16.32% | 20.97% | 17.38% | |
| 0.66% | 0.58% | 3.07% | 3.69% | 1.74% | 3.67% | 2.69% | 3.73% | 5.39% | 5.09% | |
ROIC |
6.37% | 5.00% | 6.17% | 7.22% | 4.76% | 6.40% | 5.81% | 8.03% | 9.23% | 9.31% |
Return on Tangible Assets |
1.69% | 1.40% | 8.07% | 9.14% | 4.14% | 10.87% | 7.69% | 10.28% | 15.33% | 13.77% |
Average Days of Receivables |
71.52 | 72.57 | 66.91 | 67.60 | 84.94 | 77.48 | 79.77 | 88.72 | 86.34 | 87.67 |
Research and Development Expense of Revenue |
1.41% | 1.49% | 1.56% | 1.57% | 1.48% | 1.41% | 1.35% | 1.43% | 1.40% | 1.39% |
Selling, General and Administrative Expense of Revenue |
23.45% | 21.35% | 18.66% | 18.34% | 18.59% | 16.73% | 15.81% | 16.20% | 16.05% | 15.73% |
Intangible Assets out of Total Assets |
0.36 | 0.40 | 0.39 | 0.36 | 0.34 | 0.40 | 0.37 | 0.37 | 0.38 | 0.39 |
Share Based Compensation of Revenue |
1.00% | 0.88% | 0.79% | 0.35% | 0.40% | 0.34% | 0.45% | 0.50% | 0.53% | 0.49% |
Graham Net Nets |
(0.41) | (0.40) | (0.55) | (0.40) | (0.41) | (0.41) | (0.50) | (0.36) | (0.34) | (0.34) |
Graham Number |
4.31 | 4.45 | 10.36 | 12.05 | 8.58 | 13.01 | 11.44 | 14.72 | 18.90 | 20.83 |
Earnings Yield |
0.57% | 0.47% | 3.71% | 3.52% | 1.82% | 3.41% | 3.36% | 3.58% | 5.20% | 5.39% |
Free Cash Flow Yield |
6.43% | 5.39% | 6.30% | 6.48% | 6.36% | 5.71% | 2.52% | 5.91% | 5.81% | 6.49% |
Revenue per Share |
17.19 | 18.21 | 19.65 | 19.16 | 15.89 | 19.12 | 22.03 | 23.46 | 24.06 | 23.69 |
Operating CF per Share |
2.35 | 2.25 | 2.08 | 2.45 | 2.17 | 2.42 | 1.33 | 2.60 | 2.63 | 3.00 |
Capex per Share |
(0.57) | (0.52) | (0.60) | (0.48) | (0.35) | (0.53) | (0.68) | (0.62) | (0.64) | (0.91) |
Free Cash Flow per Share |
1.78 | 1.73 | 1.48 | 1.97 | 1.82 | 1.89 | 0.65 | 1.98 | 1.99 | 2.10 |
Cash per Share |
2.26 | 3.22 | 2.91 | 4.36 | 5.80 | 3.68 | 2.95 | 3.18 | 2.72 | 3.06 |
Shareholders Equity per Share |
5.24 | 5.86 | 5.48 | 6.03 | 6.29 | 6.66 | 6.76 | 8.02 | 8.92 | 11.08 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.24 | 5.86 | 5.48 | 6.03 | 6.29 | 6.66 | 6.76 | 8.02 | 8.92 | 11.08 |
Free Cash Flow |
423.10 | 415.00 | 352.70 | 460.60 | 427.20 | 437.00 | 143.00 | 437.00 | 436.00 | 453.00 |
Working Capital |
977.90 | 1,233.40 | 1,269.00 | 1,500.50 | 1,745.00 | 1,240.70 | 1,308.00 | 1,393.00 | 1,369.00 | 1,446.00 |
Capital Expenditures |
(136.20) | (125.00) | (143.40) | (112.50) | (82.10) | (121.60) | (151.00) | (138.00) | (140.00) | (196.00) |
Net Current Asset Value |
(2,699.60) | (3,108.80) | (3,055.60) | (2,835.00) | (2,751.50) | (3,102.90) | (2,867.00) | (2,678.00) | (2,570.00) | (2,391.00) |
EV/EBIT |
22.98 | 29.82 | 19.83 | 20.33 | 30.26 | 22.99 | 20.64 | 17.35 | 14.63 | 12.95 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 |
Price to Operating Income |
16.25 | 21.18 | 12.66 | 14.56 | 21.98 | 16.55 | 13.43 | 12.58 | 10.63 | 9.50 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.26 | 0.26 | 0.29 | 0.30 | 0.28 | 0.27 | 0.26 | 0.24 | 0.24 | 0.23 |
Cash ROIC |
8.38% | 6.81% | 6.01% | 7.35% | 6.34% | 7.03% | 2.44% | 7.31% | 7.30% | 7.25% |
Accounts Receivable Turnover |
5.22 | 5.24 | 5.43 | 5.30 | 4.40 | 4.89 | 4.87 | 4.45 | 4.21 | 4.13 |
Accounts Payable Turnover |
5.44 | 5.40 | 5.76 | 5.80 | 4.69 | 4.89 | 4.98 | 4.89 | 5.03 | 5.18 |
Inventory Turnover |
4.77 | 4.89 | 5.09 | 4.84 | 4.27 | 4.86 | 4.62 | 4.54 | 4.72 | 4.50 |
Average Days of Payables |
68.44 | 72.84 | 61.43 | 60.51 | 83.81 | 80.32 | 77.24 | 74.21 | 69.16 | 69.30 |
Days of Inventory on Hand |
76.46 | 79.89 | 72.03 | 74.00 | 83.15 | 81.83 | 87.36 | 75.85 | 77.03 | 82.25 |
Average Receivables |
783.85 | 836.05 | 865.50 | 845.45 | 849.95 | 903.65 | 1,002.45 | 1,163.70 | 1,254.00 | 1,238.50 |
Average Payables |
464.45 | 514.55 | 538.85 | 503.25 | 524.05 | 610.90 | 695.45 | 729.25 | 692.00 | 648.00 |
Average Inventory |
530.20 | 569.15 | 610.80 | 602.30 | 575.75 | 614.80 | 749.65 | 785.30 | 737.50 | 745.00 |
Average Assets |
5,848.15 | 6,349.20 | 6,753.95 | 6,746.85 | 6,987.60 | 7,187.20 | 7,138.20 | 7,165.60 | 7,260.50 | 7,424.00 |
Average Common Equity |
1,193.90 | 1,327.20 | 1,359.15 | 1,360.05 | 1,444.70 | 1,509.25 | 1,519.10 | 1,636.25 | 1,864.50 | 2,174.50 |
Columns are period end dates