Axalta Coating Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	5,117	5,276	5,184	4,884	4,416
Revenue	5,117	5,276	5,184	4,884	4,416
Revenue Growth (YoY)	-3.01%	1.77%	6.14%	10.59%	18.16%
Cost of Revenue	3,355	3,478	3,566	3,466	2,987
Gross Profit	1,762	1,798	1,618	1,418	1,429
Selling, General & Admin	817	856	849	771	738
Research & Development	71	74	74	66	62.4
Amortization of Goodwill & Intangibles	98	92	88	125	121.4
Other Operating Expenses	-2	-	-15	3	-5
Operating Expenses	984	1,022	996	965	916.8
Operating Income	778	776	622	453	512.1
Interest Expense	-193	-221	-223	-160	-151.1
Currency Exchange Gain (Loss)	2	5	-13	5	16.6
Other Non Operating Income (Expenses)	15	20	22	3	3.8
EBT Excluding Unusual Items	602	580	408	301	381.4
Merger & Restructuring Charges	-61	-79	-28	-29	-43.8
Gain (Loss) on Sale of Assets	6	-	-	-	-
Asset Writedown	-	-	-15	-	-0.8
Other Unusual Items	-1	-5	-10	-15	3.7
Pretax Income	546	496	355	257	340.5
Income Tax Expense	167	105	86	65	76.1
Earnings From Continuing Operations	379	391	269	192	264.4
Minority Interest in Earnings	-1	-	-2	-	-0.5
Net Income	378	391	267	192	263.9
Net Income to Common	378	391	267	192	263.9
Net Income Growth	-3.33%	46.44%	39.06%	-27.25%	117.02%
Shares Outstanding (Basic)	216	219	221	222	231
Shares Outstanding (Diluted)	217	220	222	222	232
Shares Change (YoY)	-1.54%	-0.68%	-0.18%	-4.14%	-1.74%
EPS (Basic)	1.75	1.78	1.21	0.87	1.14
EPS (Diluted)	1.74	1.78	1.21	0.86	1.14
EPS Growth	-2.25%	47.33%	40.48%	-24.56%	120.50%
Free Cash Flow	453	436	437	143	437
Free Cash Flow Per Share	2.09	1.98	1.97	0.64	1.88
Gross Margin	34.43%	34.08%	31.21%	29.03%	32.36%
Operating Margin	15.20%	14.71%	12.00%	9.28%	11.60%
Profit Margin	7.39%	7.41%	5.15%	3.93%	5.98%
Free Cash Flow Margin	8.85%	8.26%	8.43%	2.93%	9.89%
EBITDA	1,003	997	834	697	828.6
EBITDA Margin	19.60%	18.90%	16.09%	14.27%	18.76%
D&A For EBITDA	225	221	212	244	316.5
EBIT	778	776	622	453	512.1
EBIT Margin	15.20%	14.71%	12.00%	9.28%	11.60%
Effective Tax Rate	30.59%	21.17%	24.22%	25.29%	22.35%

Updated Feb 10, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q