Axalta Coating Systems Ltd. (AXTA)

Axalta Coating Systems Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,166	5,276	5,184	4,884	4,416	3,738
Revenue	5,166	5,276	5,184	4,884	4,416	3,738
Revenue Growth (YoY)	-1.82%	1.77%	6.14%	10.59%	18.16%	-16.61%
Cost of Revenue	3,379	3,478	3,566	3,466	2,987	2,458
Gross Profit	1,787	1,798	1,618	1,418	1,429	1,280
Selling, General & Admin	832	856	849	771	738	694.9
Research & Development	74	74	74	66	62.4	55.2
Amortization of Goodwill & Intangibles	97	92	88	125	121.4	113.2
Other Operating Expenses	-46	-	-15	3	-5	-0.5
Operating Expenses	957	1,022	996	965	916.8	862.8
Operating Income	830	776	622	453	512.1	416.9
Interest Expense	-197	-221	-223	-160	-151.1	-162.8
Currency Exchange Gain (Loss)	5	5	-13	5	16.6	7.8
Other Non Operating Income (Expenses)	12	20	22	3	3.8	6
EBT Excluding Unusual Items	650	580	408	301	381.4	267.9
Merger & Restructuring Charges	-79	-79	-28	-29	-43.8	-105.6
Asset Writedown	-	-	-15	-	-0.8	-5.7
Other Unusual Items	-5	-5	-10	-15	3.7	-34.4
Pretax Income	566	496	355	257	340.5	122.2
Income Tax Expense	110	105	86	65	76.1	0.2
Earnings From Continuing Operations	456	391	269	192	264.4	122
Minority Interest in Earnings	-1	-	-2	-	-0.5	-0.4
Net Income	455	391	267	192	263.9	121.6
Net Income to Common	455	391	267	192	263.9	121.6
Net Income Growth	39.14%	46.44%	39.06%	-27.25%	117.02%	-51.17%
Shares Outstanding (Basic)	217	219	221	222	231	235
Shares Outstanding (Diluted)	218	220	222	222	232	236
Shares Change (YoY)	-1.21%	-0.68%	-0.18%	-4.14%	-1.74%	0.08%
EPS (Basic)	2.10	1.78	1.21	0.87	1.14	0.52
EPS (Diluted)	2.09	1.78	1.21	0.86	1.14	0.52
EPS Growth	40.65%	47.33%	40.48%	-24.56%	120.50%	-51.23%
Free Cash Flow	339	436	437	143	437	427.2
Free Cash Flow Per Share	1.55	1.98	1.97	0.64	1.88	1.81
Gross Margin	34.59%	34.08%	31.21%	29.03%	32.36%	34.24%
Operating Margin	16.07%	14.71%	12.00%	9.28%	11.60%	11.15%
Profit Margin	8.81%	7.41%	5.15%	3.93%	5.98%	3.25%
Free Cash Flow Margin	6.56%	8.26%	8.43%	2.93%	9.89%	11.43%
EBITDA	1,053	992	834	697	828.6	727.7
EBITDA Margin	20.38%	18.80%	16.09%	14.27%	18.76%	19.47%
D&A For EBITDA	223	216	212	244	316.5	310.8
EBIT	830	776	622	453	512.1	416.9
EBIT Margin	16.07%	14.71%	12.00%	9.28%	11.60%	11.15%
Effective Tax Rate	19.43%	21.17%	24.22%	25.29%	22.35%	0.16%

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q