AXTA

MKT CAP:$6B

Axalta Coating Systems Ltd.

Market Cap

$6B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$30.00-$3.00 (-9.09%)

Apr 17, 2026

Company Details

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through two ...

CEO

Chrishan Anthon Sebastian Villavarayan

IPO Date

Nov 12, 2014

Website

www.axalta.com

Key Metrics TTM

Revenue

$5.1B

-2.6% YoY

Net Income

$406M

EPS (Diluted)

$1.86

Free Cash Flow

$528M

Revenue / Share

$23.88

Gross Margin

32.3%

Operating Margin

14.2%

Net Margin

7.9%

FCF Margin

10.3%

P/S

1.2x

P/E

15.5x

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Feb 13, 2026

$5.1B-3.0%EPS $1.74

Q4 2025

Feb 13, 2026

$1.3B-3.7%EPS $0.28

Q3 2025

Oct 29, 2025

$1.3B-2.4%EPS $0.51

Q1 2025

May 7, 2025

$1.3B-2.5%EPS $0.45

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$984M	$337M	$65M
Q2 20	$653M	$154M	-$65M
Q3 20	$1.0B	$393M	$142M
Q2 21	$1.1B	$374M	$190M
Q3 21	$1.1B	$343M	$125M
Q4 21	$1.1B	$333M	$95M
Q2 22	$1.2B	$349M	$104M
Q1 23	$1.3B	$382M	$125M
Q2 23	$1.3B	$390M	$138M
Q1 24	$1.3B	$429M	$121M
Q2 24	$1.4B	$460M	$205M
Q3 24	$1.3B	$462M	$193M
Q4 24	$1.3B	$447M	$187M
Q1 25	$1.3B	$433M	$176M
Q3 25	$1.3B	$425M	$204M
Q4 25	$1.3B	$349M	$162M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q2 20	—	—
Q3 20	1.7x	67.4x
Q2 21	1.7x	35.4x
Q3 21	1.6x	32.3x
Q4 21	1.4x	19.1x
Q2 22	1.4x	21.6x
Q1 23	1.3x	27.8x
Q2 23	1.3x	28.8x
Q1 24	1.2x	30.5x
Q2 24	1.2x	22.9x
Q3 24	1.2x	20.0x
Q4 24	1.2x	16.1x
Q1 25	1.2x	14.1x
Q3 25	1.2x	14.1x
Q4 25	1.2x	15.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	-$800.0K	-$24M
Q2 20	-$2M	-$21M
Q3 20	$233M	$220M
Q2 21	$108M	$79M
Q3 21	$143M	$105M
Q4 21	$269M	$246M
Q2 22	$12M	-$17M
Q1 23	-$52M	-$94M
Q2 23	$131M	$99M
Q1 24	$34M	$12M
Q2 24	$112M	$89M
Q3 24	$198M	$165M
Q4 24	$234M	$172M
Q1 25	$26M	-$17M
Q3 25	$137M	$87M
Q4 25	$344M	$286M

Capital Expenditures

Quarter	CapEx
Q1 20	$23M
Q2 20	$20M
Q3 20	$14M
Q2 21	$29M
Q3 21	$38M
Q4 21	$23M
Q2 22	$30M
Q1 23	$42M
Q2 23	$32M
Q1 24	$22M
Q2 24	$23M
Q3 24	$33M
Q4 24	$62M
Q1 25	$43M
Q3 25	$50M
Q4 25	$58M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+2.6%	-5.4%
Q3 21	+10.7%	+5.0%
Q4 21	+74.2%	+45.4%
Q2 22	+20.3%	+27.8%
Q1 23	+14.0%	+23.8%
Q2 23	+18.9%	+19.9%
Q1 24	+13.8%	+12.5%
Q2 24	+9.4%	+1.3%
Q3 24	+2.8%	-2.8%
Q4 24	+1.3%	-2.8%
Q1 25	-2.5%	-7.4%
Q3 25	-4.7%	-5.4%
Q4 25	-4.4%	-2.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$5M	0.5%
Q2 20	$6M	0.9%
Q3 20	$5M	0.5%
Q2 21	$4M	0.4%
Q3 21	$4M	0.4%
Q4 21	$3M	0.3%
Q2 22	$4M	0.3%
Q1 23	$6M	0.5%
Q2 23	$8M	0.6%
Q1 24	$6M	0.5%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$7M	0.5%
Q1 25	$5M	0.4%
Q3 25	$6M	0.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 20	$17M	$195M
Q2 20	$11M	$154M
Q3 20	$13M	$167M
Q2 21	$16M	$184M
Q3 21	$15M	$181M
Q4 21	$16M	$194M
Q2 22	$17M	$192M
Q1 23	$19M	$206M
Q2 23	$19M	$210M
Q1 24	$18M	$207M
Q2 24	$18M	$213M
Q3 24	$19M	$211M
Q4 24	$19M	$216M
Q1 25	$17M	$202M
Q3 25	$18M	$197M
Q4 25	$16M	$198M

Revenue Segments

Quarter	Performance Coatings	Transportation Coatings	Mobility Coatings
Q1 20	$648M	$336M	—
Q2 20	$482M	$171M	—
Q3 20	$683M	$344M	—
Q2 21	$806M	—	$321M
Q3 21	$779M	—	$309M
Q4 21	$804M	—	$333M
Q2 22	$856M	—	$379M
Q1 23	$847M	—	$437M
Q2 23	$856M	—	$438M
Q1 24	$848M	—	$446M
Q2 24	$887M	—	$464M
Q3 24	$877M	—	$443M
Q4 24	$843M	—	$468M
Q1 25	$822M	—	$440M
Q3 25	$828M	—	$460M
Q4 25	$791M	—	$471M

Revenue by Geography

Quarter	Asia Pacific	Emea	Latin America	North America
Q1 25	$215M	$446M	$143M	$458M
Q3 25	$223M	$455M	$166M	$444M
Q4 25	$245M	$454M	$165M	$398M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$587M	$0	$587M
Q2 22	$510M	$0	$510M
Q3 22	$527M	$0	$527M
Q4 22	$655M	$0	$655M
Q1 23	$515M	$0	$515M
Q2 23	$520M	$0	$520M
Q3 23	$606M	$0	$606M
Q4 23	$700M	$0	$700M
Q1 24	$627M	$0	$627M
Q2 24	$843M	$0	$843M
Q3 24	$567M	$0	$567M
Q4 24	$593M	$0	$593M
Q1 25	$575M	$0	$575M
Q2 25	$628M	$0	$628M
Q3 25	$610M	$0	$610M
Q4 25	$657M	$0	$657M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	236M	+0.1%	—
Q2 20	235M	-0.3%	—
Q3 20	236M	+0.3%	—
Q2 21	234M	-1.1%	-0.9%
Q3 21	231M	-1.2%	-2.2%
Q4 21	229M	-0.8%	-2.7%
Q2 22	221M	-3.3%	-6.2%
Q1 23	222M	+0.3%	-4.9%
Q2 23	223M	+0.2%	-3.6%
Q1 24	221M	-0.5%	-3.3%
Q2 24	221M	-0.2%	-0.2%
Q3 24	221M	0.0%	-0.5%
Q4 24	219M	-0.7%	-1.4%
Q1 25	219M	+0.0%	-0.9%
Q3 25	216M	-1.6%	-2.3%
Q4 25	215M	-0.6%	-2.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	$70.3K	14K
Q2 20	$46.6K	14K
Q3 20	$73.3K	14K
Q2 21	$95.5K	12K
Q3 21	$92.3K	12K
Q4 21	$94.8K	12K
Q2 22	$102.9K	12K
Q1 23	$107.0K	12K
Q2 23	$107.8K	12K
Q1 24	$107.8K	12K
Q2 24	$112.6K	12K
Q3 24	$110.0K	12K
Q4 24	$102.4K	13K
Q1 25	$98.6K	13K
Q3 25	$100.6K	13K
Q4 25	$970.8K	1K

Revenue / Employee