AXALTA COATING SYSTEMS LTD.

EDGAR

Annual consolidated revenue for 2025: about USD 5.117B, using the latest reported figures. The previous period, 2024, was about USD 5.276B.

Watchlist

Latest quarter

Revenue

1.31 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 1311000000 USD Source

Operating margin

12.59%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 165000000 USD Source
  • Revenue: 1311000000 USD Source

Operating cash flow

135 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 355000000 USD Source
  • Operating Cash Flow: 220000000 USD Source

Free cash flow

89 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 355000000 USD Source
  • Operating Cash Flow: 220000000 USD Source
  • Capital Expenditure: 144000000 USD Source
  • Capital Expenditure: 98000000 USD Source
Cash and cash equivalents
650 million USD Source
Exact value

650000000 USD

Long-term debt including current maturities
3.86 billion USD Source
Exact value

3861500000 USD

Shares outstanding
252 million shares Source
Exact value

251800000 shares

Reported share-count change

0.36% · 900 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 250900000 shares · 2020-12-31· Source
  • 251800000 shares · 2021-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

5.17 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 5117000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 3855000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 1254000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 1346000000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 1311000000 USD · 2026-07-01 – 2026-09-30 Source

Net income

334 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 378000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 318000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 90000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 89000000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 95000000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

699 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 649000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 305000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 68000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 220000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 68000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 355000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 220000000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

202 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 196000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 138000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 50000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 98000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 50000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 144000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 98000000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

497 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 649000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 305000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 68000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 220000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 68000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 355000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 220000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 196000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 138000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 50000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 98000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 50000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 144000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 98000000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 5 of 11 periods available· newest 2021-12-31
  • Shares outstanding: 7 of 11 periods available· newest 2021-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -3%

    Prior period

    USD 5.28 billion

    –

    Current period

    USD 5.12 billion

    –

    Exact inputs and evidence

    5117000000 − 5276000000 = -159000000 USD

    5276000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5117000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -3.3%

    Prior period

    USD 391 million

    –

    Current period

    USD 378 million

    –

    Exact inputs and evidence

    378000000 − 391000000 = -13000000 USD

    391000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    378000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +12.7%

    Prior period

    USD 576 million

    –

    Current period

    USD 649 million

    –

    Exact inputs and evidence

    649000000 − 576000000 = 73000000 USD

    576000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    649000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +40%

    Prior period

    USD 140 million

    –

    Current period

    USD 196 million

    –

    Exact inputs and evidence

    196000000 − 140000000 = 56000000 USD

    140000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    196000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 5.12 billion 100% of revenue
  • Cost of revenue USD 3.36 billion 66% of revenue
  • Operating expenses USD 876 million 17% of revenue
  • Other operating costs Derived USD 151 million 3% of revenue
  • Operating income USD 735 million 14% of revenue
  • Tax, interest and other Derived USD 357 million 7% of revenue
  • Net income USD 378 million 7.4% of revenue

Cash

  • Operating cash flow USD 649 million 13% of revenue
  • Capital expenditure USD 196 million 3.8% of revenue
  • Free cash flow Derived USD 453 million 8.9% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 9%90%
  • 2017 92%
  • 2018 91%
  • 2019 89%
  • 2020 92%
  • 2021 90%
  • 2022 91%
  • 2023 89%
  • 2024 87%
  • 2025 86%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-314068800000 3663700000 Derived 405100000 366300000 Derived 38800000 423100000 Derived
Source
2017 2017-01-01 – 2017-12-314377000000 4013300000 Derived 363700000 327000000 Derived 36700000 415000000 Derived
Source
2018 2018-01-01 – 2018-12-314696000000 4253900000 Derived 442100000 235000000 Derived 207100000 352700000 Derived
Source
2019 2019-01-01 – 2019-12-314482200000 3994000000 Derived 488200000 239200000 Derived 249000000 460600000 Derived
Source
2020 2020-01-01 – 2020-12-313737600000 3432100000 Derived 305500000 183900000 Derived 121600000 427200000 Derived
Source
2021 2021-01-01 – 2021-12-314416200000 3953800000 Derived 462400000 198500000 Derived 263900000 437000000 Derived
Source
2022 2022-01-01 – 2022-12-314884000000 4461000000 Derived 423000000 231000000 Derived 192000000 143000000 Derived
Source
2023 2023-01-01 – 2023-12-315184000000 4596000000 Derived 588000000 321000000 Derived 267000000 437000000 Derived
Source
2024 2024-01-01 – 2024-12-315276000000 4570000000 Derived 706000000 315000000 Derived 391000000 436000000 Derived
Source
2025 2025-01-01 – 2025-12-315117000000 4382000000 Derived 735000000 357000000 Derived 378000000 453000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 5.1B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.7B4.3B2.8B1.4B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue4068800000
2017Revenue4377000000
2018Revenue4696000000
2019Revenue4482200000
2020Revenue3737600000
2021Revenue4416200000
2022Revenue4884000000
2023Revenue5184000000
2024Revenue5276000000
2025Revenue5117000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21%11%1%-9%-19%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-0.4%
2017Year over year7.6%
2018Year over year7.3%
2019Year over year-4.6%
2020Year over year-16.6%
2021Year over year18.2%
2022Year over year10.6%
2023Year over year6.1%
2024Year over year1.8%
2025Year over year-3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 14.4% 2025
Net margin 7.4% 2025
Free cash flow margin 8.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15.5%11.6%7.8%3.9%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin10%
2017Operating margin8.3%
2018Operating margin9.4%
2019Operating margin10.9%
2020Operating margin8.2%
2021Operating margin10.5%
2022Operating margin8.7%
2023Operating margin11.3%
2024Operating margin13.4%
2025Operating margin14.4%
2016Net margin1%
2017Net margin0.8%
2018Net margin4.4%
2019Net margin5.6%
2020Net margin3.3%
2021Net margin6%
2022Net margin3.9%
2023Net margin5.2%
2024Net margin7.4%
2025Net margin7.4%
2016Free cash flow margin10.4%
2017Free cash flow margin9.5%
2018Free cash flow margin7.5%
2019Free cash flow margin10.3%
2020Free cash flow margin11.4%
2021Free cash flow margin9.9%
2022Free cash flow margin2.9%
2023Free cash flow margin8.4%
2024Free cash flow margin8.3%
2025Free cash flow margin8.9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 649M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.700.9M525.7M350.5M175.2M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow559300000
2017Operating cash flow540000000
2018Operating cash flow496100000
2019Operating cash flow573100000
2020Operating cash flow509300000
2021Operating cash flow558600000
2022Operating cash flow294000000
2023Operating cash flow575000000
2024Operating cash flow576000000
2025Operating cash flow649000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 453M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.497.4M373.1M248.7M124.4M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow423100000
2017Free cash flow415000000
2018Free cash flow352700000
2019Free cash flow460600000
2020Free cash flow427200000
2021Free cash flow437000000
2022Free cash flow143000000
2023Free cash flow437000000
2024Free cash flow436000000
2025Free cash flow453000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

68.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.87%65%43%22%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets78.7%
2017Liabilities / assets79.4%
2018Liabilities / assets80.4%
2019Liabilities / assets79.3%
2020Liabilities / assets79.3%
2021Liabilities / assets78.7%
2022Liabilities / assets78.8%
2023Liabilities / assets75.6%
2024Liabilities / assets73%
2025Liabilities / assets68.5%

Current assets to current liabilities

Current assets divided by current liabilities.

2.06× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.68×2.01×1.34×0.67×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities2.04×
2017Current assets / current liabilities2.14×
2018Current assets / current liabilities2.22×
2019Current assets / current liabilities2.4×
2020Current assets / current liabilities2.48×
2021Current assets / current liabilities1.93×
2022Current assets / current liabilities1.94×
2023Current assets / current liabilities1.98×
2024Current assets / current liabilities2.01×
2025Current assets / current liabilities2.06×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 38.8 million
Exact value

Exact value: 38800000 USD

2016-01-01 – 2016-12-31: 38800000 USD Inspect Net Income Open source
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USD 559.3 million
Exact value

Exact value: 559300000 USD

2016-01-01 – 2016-12-31: 559300000 USD Inspect Operating Cash Flow Open source
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USD 136.2 million
Exact value

Exact value: 136200000 USD

2016-01-01 – 2016-12-31: 136200000 USD Inspect Capital Expenditure Open source
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USD 423.1 million
Calculation and evidence

559300000 − 136200000 USD

Exact free cash flow: 423100000 USD

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2017 2017-01-01 – 2017-12-31
USD 36.7 million
Exact value

Exact value: 36700000 USD

2017-01-01 – 2017-12-31: 36700000 USD Inspect Net Income Open source
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USD 540 million
Exact value

Exact value: 540000000 USD

2017-01-01 – 2017-12-31: 540000000 USD Inspect Operating Cash Flow Open source
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USD 125 million
Exact value

Exact value: 125000000 USD

2017-01-01 – 2017-12-31: 125000000 USD Inspect Capital Expenditure Open source
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USD 415 million
Calculation and evidence

540000000 − 125000000 USD

Exact free cash flow: 415000000 USD

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2018 2018-01-01 – 2018-12-31
USD 207.1 million
Exact value

Exact value: 207100000 USD

2018-01-01 – 2018-12-31: 207100000 USD Inspect Net Income Open source
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USD 496.1 million
Exact value

Exact value: 496100000 USD

2018-01-01 – 2018-12-31: 496100000 USD Inspect Operating Cash Flow Open source
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USD 143.4 million
Exact value

Exact value: 143400000 USD

2018-01-01 – 2018-12-31: 143400000 USD Inspect Capital Expenditure Open source
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USD 352.7 million
Calculation and evidence

496100000 − 143400000 USD

Exact free cash flow: 352700000 USD

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2019 2019-01-01 – 2019-12-31
USD 249 million
Exact value

Exact value: 249000000 USD

2019-01-01 – 2019-12-31: 249000000 USD Inspect Net Income Open source
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USD 573.1 million
Exact value

Exact value: 573100000 USD

2019-01-01 – 2019-12-31: 573100000 USD Inspect Operating Cash Flow Open source
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USD 112.5 million
Exact value

Exact value: 112500000 USD

2019-01-01 – 2019-12-31: 112500000 USD Inspect Capital Expenditure Open source
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USD 460.6 million
Calculation and evidence

573100000 − 112500000 USD

Exact free cash flow: 460600000 USD

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2020 2020-01-01 – 2020-12-31
USD 121.6 million
Exact value

Exact value: 121600000 USD

2020-01-01 – 2020-12-31: 121600000 USD Inspect Net Income Open source
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USD 509.3 million
Exact value

Exact value: 509300000 USD

2020-01-01 – 2020-12-31: 509300000 USD Inspect Operating Cash Flow Open source
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USD 82.1 million
Exact value

Exact value: 82100000 USD

2020-01-01 – 2020-12-31: 82100000 USD Inspect Capital Expenditure Open source
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USD 427.2 million
Calculation and evidence

509300000 − 82100000 USD

Exact free cash flow: 427200000 USD

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2021 2021-01-01 – 2021-12-31
USD 263.9 million
Exact value

Exact value: 263900000 USD

2021-01-01 – 2021-12-31: 263900000 USD Inspect Net Income Open source
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USD 558.6 million
Exact value

Exact value: 558600000 USD

2021-01-01 – 2021-12-31: 558600000 USD Inspect Operating Cash Flow Open source
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USD 121.6 million
Exact value

Exact value: 121600000 USD

2021-01-01 – 2021-12-31: 121600000 USD Inspect Capital Expenditure Open source
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USD 437 million
Calculation and evidence

558600000 − 121600000 USD

Exact free cash flow: 437000000 USD

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2022 2022-01-01 – 2022-12-31
USD 192 million
Exact value

Exact value: 192000000 USD

2022-01-01 – 2022-12-31: 192000000 USD Inspect Net Income Open source
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USD 294 million
Exact value

Exact value: 294000000 USD

2022-01-01 – 2022-12-31: 294000000 USD Inspect Operating Cash Flow Open source
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USD 151 million
Exact value

Exact value: 151000000 USD

2022-01-01 – 2022-12-31: 151000000 USD Inspect Capital Expenditure Open source
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USD 143 million
Calculation and evidence

294000000 − 151000000 USD

Exact free cash flow: 143000000 USD

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2023 2023-01-01 – 2023-12-31
USD 267 million
Exact value

Exact value: 267000000 USD

2023-01-01 – 2023-12-31: 267000000 USD Inspect Net Income Open source
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USD 575 million
Exact value

Exact value: 575000000 USD

2023-01-01 – 2023-12-31: 575000000 USD Inspect Operating Cash Flow Open source
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USD 138 million
Exact value

Exact value: 138000000 USD

2023-01-01 – 2023-12-31: 138000000 USD Inspect Capital Expenditure Open source
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USD 437 million
Calculation and evidence

575000000 − 138000000 USD

Exact free cash flow: 437000000 USD

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2024 2024-01-01 – 2024-12-31
USD 391 million
Exact value

Exact value: 391000000 USD

2024-01-01 – 2024-12-31: 391000000 USD Inspect Net Income Open source
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USD 576 million
Exact value

Exact value: 576000000 USD

2024-01-01 – 2024-12-31: 576000000 USD Inspect Operating Cash Flow Open source
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USD 140 million
Exact value

Exact value: 140000000 USD

2024-01-01 – 2024-12-31: 140000000 USD Inspect Capital Expenditure Open source
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USD 436 million
Calculation and evidence

576000000 − 140000000 USD

Exact free cash flow: 436000000 USD

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2025 2025-01-01 – 2025-12-31
USD 378 million
Exact value

Exact value: 378000000 USD

2025-01-01 – 2025-12-31: 378000000 USD Inspect Net Income Open source
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USD 649 million
Exact value

Exact value: 649000000 USD

2025-01-01 – 2025-12-31: 649000000 USD Inspect Operating Cash Flow Open source
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USD 196 million
Exact value

Exact value: 196000000 USD

2025-01-01 – 2025-12-31: 196000000 USD Inspect Capital Expenditure Open source
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USD 453 million
Calculation and evidence

649000000 − 196000000 USD

Exact free cash flow: 453000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

226 filings · 7,436 latest values · 7,436 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001616862, 1616862, AXTA, edgar:1616862

Also known as AXALTA COATING SYSTEMS LTD., Axalta Coating Systems LTD., Axalta Coating Systems Ltd.