Axalta Coating Systems (AXTA) Financials

$31.61 -0.23 (-0.73%)

As of 11:23 AM Eastern

Annual Income Statements for Axalta Coating Systems

This table shows Axalta Coating Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	391	267	192	264	122	249	207	37	39	92
Consolidated Net Income / (Loss)	391	269	192	264	122	253	213	48	45	96
Net Income / (Loss) Continuing Operations	391	269	192	264	122	253	213	48	45	96
Total Pre-Tax Income	496	355	257	341	122	330	268	190	83	158
Total Operating Income	706	588	423	462	306	488	442	364	405	466
Total Gross Profit	1,798	1,618	1,418	1,429	1,280	1,564	1,590	1,597	1,564	1,513
Total Revenue	5,276	5,184	4,884	4,416	3,738	4,482	4,696	4,377	4,093	4,110
Operating Revenue	5,276	5,184	4,884	4,416	3,738	4,482	4,696	4,377	4,069	4,084
Total Cost of Revenue	3,478	3,566	3,466	2,987	2,458	2,918	3,106	2,781	2,529	2,597
Operating Cost of Revenue	3,478	3,566	3,466	2,987	2,458	2,918	3,106	2,781	2,529	2,597
Total Operating Expenses	1,092	1,030	995	967	974	1,076	1,148	1,233	1,159	1,047
Selling, General & Admin Expense	847	840	772	783	695	822	876	1,066	960	915
Research & Development Expense	74	74	66	62	55	70	73	65	58	52
Amortization Expense	92	88	125	121	113	113	115	101	83	81
Other Operating Expenses / (Income)	79	28	32	-	111	-	83	-	-	-
Total Other Income / (Expense), net	-210	-233	-166	-122	-183	-158	-175	-174	-322	-308
Interest Expense	205	213	140	134	150	163	160	147	178	197
Other Income / (Expense), net	-5.00	-20	-26	12	-33	4.40	-15	-27	-144	-111
Income Tax Expense	105	86	65	76	0.20	77	54	142	38	62
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	2.00	0.00	0.50	0.40	3.60	6.20	11	5.80	4.20
Basic Earnings per Share	$1.78	$1.21	$0.86	$1.14	$0.52	$1.06	$0.87	$0.15	$0.16	$0.39
Weighted Average Basic Shares Outstanding	218.14M	220.14M	221.05M	224.53M	233.97M	235.06M	239M	240.40M	242.50M	233.80M
Diluted Earnings per Share	$1.78	$1.21	$0.86	$1.14	$0.52	$1.06	$0.85	$0.15	$0.16	$0.38
Weighted Average Diluted Shares Outstanding	218.14M	220.14M	221.05M	224.53M	233.97M	235.06M	239M	240.40M	242.50M	239.70M
Weighted Average Basic & Diluted Shares Outstanding	218.14M	220.14M	221.05M	224.53M	233.97M	235.06M	239M	240.40M	242.50M	234.30M

This table shows Axalta Coating Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	99	137	101	112	41	73	72	61	61	44	62
Consolidated Net Income / (Loss)	99	137	102	113	39	74	73	61	61	44	63
Net Income / (Loss) Continuing Operations	99	137	102	113	39	74	73	61	61	44	63
Total Pre-Tax Income	129	139	142	156	59	102	103	74	76	57	85
Total Operating Income	176	187	193	205	121	162	163	138	125	110	124
Total Gross Profit	433	447	462	460	429	423	423	390	382	371	362
Total Revenue	1,262	1,311	1,320	1,351	1,294	1,297	1,309	1,294	1,284	1,236	1,239
Operating Revenue	1,262	1,311	1,320	1,351	1,294	1,297	1,309	1,294	1,284	1,236	1,239
Total Cost of Revenue	829	864	858	891	865	874	886	904	902	866	877
Operating Cost of Revenue	829	864	858	891	865	874	886	904	902	866	877
Total Operating Expenses	257	260	269	255	308	261	260	252	257	261	239
Selling, General & Admin Expense	202	216	211	213	207	215	209	210	206	200	186
Research & Development Expense	17	19	19	18	18	18	18	19	19	16	17
Amortization Expense	24	24	24	22	22	22	20	21	25	30	30
Other Operating Expenses / (Income)	14	1.00	15	2.00	61	6.00	13	2.00	7.00	14	5.30
Total Other Income / (Expense), net	-47	-48	-51	-49	-62	-60	-60	-64	-49	-53	-38
Interest Expense	44	47	54	50	54	55	55	55	48	39	35
Other Income / (Expense), net	-3.00	-1.00	3.00	1.00	-8.00	-5.00	-5.00	-9.00	-1.00	-14	-3.40
Income Tax Expense	30	2.00	40	43	20	28	30	13	15	13	22
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-	1.00	1.00	-2.00	1.00	1.00	0.00	0.00	-0.30	0.90
Basic Earnings per Share	$0.45	$0.63	$0.46	$0.51	$0.18	$0.34	$0.33	$0.27	$0.27	$0.20	$0.28
Weighted Average Basic Shares Outstanding	218.56M	218.14M	218.06M	219.30M	220.65M	220.14M	220.08M	221.70M	221.53M	221.05M	220.61M
Diluted Earnings per Share	$0.45	$0.63	$0.46	$0.51	$0.18	$0.34	$0.33	$0.27	$0.27	$0.20	$0.28
Weighted Average Diluted Shares Outstanding	218.56M	218.14M	218.06M	219.30M	220.65M	220.14M	220.08M	221.70M	221.53M	221.05M	220.61M
Weighted Average Basic & Diluted Shares Outstanding	218.56M	218.14M	218.06M	219.30M	220.65M	220.14M	220.08M	221.70M	221.53M	221.05M	220.61M

This table details how cash moves in and out of Axalta Coating Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-65	54	-181	-492	317	321	218	70	159
Net Cash From Operating Activities	576	575	294	559	509	573	540	559	410
Net Cash From Continuing Operating Activities	576	575	294	559	509	573	540	559	410
Net Income / (Loss) Continuing Operations	391	269	192	264	122	253	48	45	96
Consolidated Net Income / (Loss)	391	269	192	264	122	253	48	45	96
Depreciation Expense	280	276	303	317	320	353	348	322	308
Amortization Expense	7.00	9.00	10	8.90	9.00	8.80	8.00	18	21
Non-Cash Adjustments To Reconcile Net Income	38	84	63	-0.80	55	28	131	241	170
Changes in Operating Assets and Liabilities, net	-140	-63	-274	-30	2.90	-69	5.60	-66	-184
Net Cash From Investing Activities	-440	-206	-106	-716	-62	-94	-690	-257	-166
Net Cash From Continuing Investing Activities	-440	-206	-106	-716	-62	-94	-690	-257	-166
Purchase of Property, Plant & Equipment	-140	-138	-151	-122	-82	-113	-125	-136	-138
Acquisitions	-301	-106	-3.00	-649	-1.00	-3.30	-564	-115	-30
Sale and/or Maturity of Investments	0.00	29	25	0.00	0.00	-	0.00	0.00	-
Other Investing Activities, net	1.00	9.00	23	17	21	7.20	-0.20	-6.00	1.50
Net Cash From Financing Activities	-201	-315	-369	-335	-131	-158	367	-233	-85
Net Cash From Continuing Financing Activities	-201	-315	-369	-335	-131	-158	367	-233	-85
Repayment of Debt	-426	-954	-2,134	-105	-64	-71	-64	-1,764	-144
Repurchase of Common Equity	-100	-50	-200	-244	-26	-105	-58	0.00	0.00
Issuance of Debt	333	706	1,980	0.00	-	-	484	1,604	2.00
Issuance of Common Equity	4.00	8.00	0.00	14	4.30	-	-	-	-
Other Financing Activities, net	-12	-25	-15	-0.50	-40	49	9.20	-70	62
Cash Interest Paid	198	213	127	118	152	157	130	169	173
Cash Income Taxes Paid	131	97	63	58	26	42	62	39	52

This table details how cash moves in and out of Axalta Coating Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-26	57	-282	227	-67	82	109	9.00	-146	114	35
Net Cash From Operating Activities	26	234	194	114	34	286	210	131	-52	246	80
Net Cash From Continuing Operating Activities	26	234	194	114	34	286	210	131	-52	246	80
Net Income / (Loss) Continuing Operations	99	137	102	113	39	74	73	61	61	44	63
Consolidated Net Income / (Loss)	99	137	102	113	39	74	73	61	61	44	63
Depreciation Expense	70	73	71	68	68	69	71	66	70	74	75
Amortization Expense	2.00	1.00	2.00	2.00	2.00	2.00	3.00	2.00	2.00	2.80	2.40
Non-Cash Adjustments To Reconcile Net Income	9.00	7.00	4.00	10	17	6.00	33	28	17	36	4.60
Changes in Operating Assets and Liabilities, net	-154	16	15	-79	-92	135	30	-26	-202	90	-65
Net Cash From Investing Activities	-44	-66	-338	-17	-19	-141	-28	-31	-6.00	-38	-30
Net Cash From Continuing Investing Activities	-44	-66	-338	-17	-19	-141	-28	-31	-6.00	-38	-30
Purchase of Property, Plant & Equipment	-43	-62	-33	-23	-22	-33	-31	-32	-42	-44	-36
Acquisitions	-6.00	-11	-	-	-	-106	-	-	-	-	-
Other Investing Activities, net	5.00	7.00	-15	6.00	3.00	-2.00	3.00	1.00	7.00	8.40	5.70
Net Cash From Financing Activities	-8.00	-111	-138	130	-82	-63	-73	-91	-88	-94	-15
Net Cash From Continuing Financing Activities	-8.00	-111	-138	130	-82	-63	-73	-91	-88	-94	-15
Repayment of Debt	-6.00	-148	-86	-4.00	-188	-556	-215	-94	-89	-2,061	-15
Issuance of Debt	0.00	41	-	185	107	500	197	-	9.00	1,980	-
Issuance of Common Equity	0.00	3.00	-1.00	1.00	1.00	1.00	-2.00	4.00	5.00	-	-
Other Financing Activities, net	-2.00	-7.00	-1.00	-2.00	-2.00	-8.00	-3.00	-1.00	-13	-13	0.40

This table presents Axalta Coating Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,249	7,272	7,059	7,217	7,157	6,818	6,676	6,832	5,866	5,830
Total Current Assets	2,723	2,821	2,693	2,576	2,926	2,573	2,310	2,316	1,920	1,848
Cash & Equivalents	593	700	645	841	1,361	1,018	694	770	535	485
Restricted Cash	3.00	3.00	9.70	11	3.10	3.00	2.80	3.10	2.70	2.70
Accounts Receivable	1,248	1,260	1,067	938	870	830	861	870	802	766
Inventories, net	734	741	830	670	560	592	613	609	530	531
Prepaid Expenses	145	117	141	117	132	131	139	64	50	64
Plant, Property, & Equipment, net	1,181	1,204	1,190	1,186	0.00	0.00	1,298	1,389	1,316	1,383
Total Noncurrent Assets	3,345	3,247	3,176	3,455	4,231	4,245	3,068	3,128	2,631	2,599
Goodwill	1,640	1,591	1,498	1,593	1,295	1,209	1,231	1,271	964	928
Intangible Assets	1,149	1,130	1,112	1,278	1,149	1,224	1,348	1,428	1,130	1,192
Other Noncurrent Operating Assets	556	526	566	585	1,788	1,812	489	429	536	480
Total Liabilities & Shareholders' Equity	7,249	7,272	7,059	7,217	7,157	6,818	6,676	6,832	5,866	5,830
Total Liabilities	5,293	5,499	5,560	5,679	5,677	5,408	5,365	5,424	4,620	4,689
Total Current Liabilities	1,354	1,428	1,385	1,335	1,181	1,073	1,041	1,082	942	875
Short-Term Debt	20	26	31	80	54	44	42	38	28	50
Accounts Payable	659	725	734	657	564	484	523	555	474	455
Accrued Expenses	675	677	620	598	562	545	476	490	440	370
Total Noncurrent Liabilities	3,939	4,071	4,175	4,344	4,497	4,336	4,325	4,342	3,678	3,814
Long-Term Debt	3,401	3,478	3,673	3,750	3,839	3,790	3,822	3,878	3,236	3,391
Noncurrent Deferred & Payable Income Tax Liabilities	151	162	162	175	114	116	141	153	160	148
Noncurrent Employee Benefit Liabilities	220	252	205	269	310	285	262	279	249	252
Other Noncurrent Operating Liabilities	167	179	135	150	234	145	100	32	32	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,956	1,773	1,500	1,539	1,480	1,410	1,311	1,408	1,247	1,141
Total Preferred & Common Equity	1,912	1,727	1,454	1,493	1,433	1,354	1,205	1,276	1,125	1,074
Total Common Equity	1,912	1,727	1,454	1,493	1,433	1,354	1,205	1,276	1,125	1,074
Common Stock	1,854	1,822	1,789	1,767	1,738	1,724	1,655	1,597	1,534	1,476
Retained Earnings	1,677	1,286	1,019	827	563	443	199	-21	-58	-133
Treasury Stock	-1,037	-937	-887	-687	-444	-418	-312	-58	0.00	-
Accumulated Other Comprehensive Income / (Loss)	-582	-444	-467	-414	-425	-396	-336	-241	-350	-269
Noncontrolling Interest	44	46	46	46	47	55	105	132	122	68

This table presents Axalta Coating Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,411	7,500	7,306	7,089	6,996	7,043	7,001	6,819
Total Current Assets	2,821	2,838	3,014	2,760	2,786	2,690	2,624	2,668
Cash & Equivalents	575	567	840	624	606	518	512	517
Restricted Cash	3.00	4.00	3.00	3.00	2.30	2.40	2.60	9.30
Accounts Receivable	1,282	1,298	1,268	1,242	1,301	1,271	1,170	1,107
Inventories, net	787	818	745	751	750	767	799	829
Prepaid Expenses	174	151	158	140	127	132	141	205
Plant, Property, & Equipment, net	1,199	1,188	1,158	1,174	1,169	1,197	1,204	1,122
Total Noncurrent Assets	3,391	3,474	3,134	3,155	3,041	3,157	3,173	3,029
Goodwill	1,677	1,718	1,549	1,554	1,484	1,527	1,524	1,390
Intangible Assets	1,146	1,207	1,061	1,087	1,037	1,077	1,093	1,094
Other Noncurrent Operating Assets	568	549	524	514	520	553	556	545
Total Liabilities & Shareholders' Equity	7,411	7,500	7,306	7,089	6,996	7,043	7,001	6,819
Total Liabilities	5,289	5,549	5,488	5,314	5,347	5,354	5,385	5,500
Total Current Liabilities	1,330	1,422	1,335	1,332	1,358	1,329	1,280	1,350
Short-Term Debt	20	20	20	20	32	39	42	67
Accounts Payable	732	708	715	721	710	702	704	747
Accrued Expenses	578	694	600	591	616	588	535	536
Total Noncurrent Liabilities	3,959	4,127	4,153	3,982	3,989	4,025	4,106	4,150
Long-Term Debt	3,398	3,505	3,588	3,407	3,511	3,529	3,606	3,663
Noncurrent Deferred & Payable Income Tax Liabilities	153	163	152	155	145	155	163	140
Noncurrent Employee Benefit Liabilities	223	244	236	241	201	209	208	227
Other Noncurrent Operating Liabilities	185	215	177	179	132	131	130	120
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,122	1,951	1,818	1,775	1,649	1,689	1,615	1,319
Total Preferred & Common Equity	2,076	1,905	1,773	1,731	1,604	1,644	1,570	1,273
Total Common Equity	2,076	1,905	1,773	1,731	1,604	1,644	1,570	1,273
Common Stock	1,857	1,844	1,838	1,829	1,815	1,811	1,801	1,779
Retained Earnings	1,776	1,540	1,439	1,327	1,213	1,140	1,079	975
Treasury Stock	-1,037	-1,037	-987	-937	-937	-887	-887	-887
Accumulated Other Comprehensive Income / (Loss)	-520	-442	-517	-488	-487	-420	-423	-594
Noncontrolling Interest	46	46	45	44	45	45	45	46

This table displays calculated financial ratios and metrics derived from Axalta Coating Systems' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.77%	6.14%	10.59%	18.16%	-16.61%	-4.55%	7.29%	6.95%	-0.42%	-6.41%
EBITDA Growth	15.83%	20.14%	-11.26%	33.04%	-29.61%	6.24%	16.20%	15.20%	-12.00%	16.86%
EBIT Growth	23.42%	43.07%	-16.37%	74.46%	-44.76%	15.34%	26.89%	29.01%	-26.38%	39.25%
NOPAT Growth	24.91%	40.99%	-11.99%	17.72%	-18.38%	6.01%	285.27%	-58.12%	-22.66%	-18.92%
Net Income Growth	45.35%	40.10%	-27.38%	116.72%	-51.70%	18.42%	347.17%	6.95%	-53.44%	176.08%
EPS Growth	47.11%	40.70%	-24.56%	119.23%	-50.94%	24.71%	466.67%	-6.25%	-57.89%	216.67%
Operating Cash Flow Growth	0.17%	95.58%	-47.37%	9.68%	-11.13%	0.00%	0.00%	-3.45%	36.48%	63.01%
Free Cash Flow Firm Growth	-16.87%	47.94%	290.05%	-128.78%	-17.32%	47.93%	187.33%	-242.67%	108.95%	-1,194.25%
Invested Capital Growth	4.53%	0.55%	0.70%	12.69%	-5.08%	-5.69%	-1.59%	14.55%	-2.99%	0.00%
Revenue Q/Q Growth	0.26%	1.18%	2.07%	1.44%	-0.64%	-1.48%	-0.14%	3.26%	0.69%	-1.93%
EBITDA Q/Q Growth	3.44%	7.01%	-1.09%	-3.56%	2.12%	-2.68%	3.13%	14.53%	-11.23%	10.26%
EBIT Q/Q Growth	4.32%	12.01%	-0.03%	-6.79%	8.54%	-2.94%	5.30%	33.15%	-23.06%	20.83%
NOPAT Q/Q Growth	14.55%	8.04%	0.78%	-10.78%	27.08%	-11.79%	160.91%	-52.63%	-38.64%	-4.14%
Net Income Q/Q Growth	19.39%	12.60%	-4.81%	-6.01%	29.93%	-12.05%	163.66%	-31.07%	-61.45%	60.47%
EPS Q/Q Growth	19.46%	13.08%	-4.44%	-5.00%	30.00%	-10.92%	183.33%	-37.50%	-65.22%	65.22%
Operating Cash Flow Q/Q Growth	-8.32%	7.56%	-7.20%	-1.72%	-0.95%	0.00%	0.00%	1.05%	-3.12%	15.18%
Free Cash Flow Firm Q/Q Growth	113.19%	19.45%	-41.08%	20.86%	-0.86%	-8.78%	84.18%	-80.12%	7.49%	0.00%
Invested Capital Q/Q Growth	-2.53%	-0.20%	0.58%	-3.72%	-2.23%	-3.67%	-3.69%	-4.11%	-7.23%	-3.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.08%	31.21%	29.03%	32.36%	34.24%	34.90%	33.85%	36.47%	38.21%	36.81%
EBITDA Margin	18.73%	16.45%	14.54%	18.12%	16.09%	19.06%	17.13%	15.81%	14.68%	16.61%
Operating Margin	13.38%	11.34%	8.66%	10.47%	8.17%	10.89%	9.41%	8.31%	9.90%	11.33%
EBIT Margin	13.29%	10.96%	8.13%	10.75%	7.28%	10.99%	9.10%	7.69%	6.37%	8.62%
Profit (Net Income) Margin	7.41%	5.19%	3.93%	5.99%	3.26%	5.64%	4.54%	1.09%	1.09%	2.33%
Tax Burden Percent	78.83%	75.77%	74.71%	77.65%	99.84%	76.55%	79.74%	25.16%	53.93%	60.67%
Interest Burden Percent	70.76%	62.50%	64.74%	71.73%	44.91%	66.99%	62.63%	56.33%	31.70%	44.55%
Effective Tax Rate	21.17%	24.23%	25.29%	22.35%	0.16%	23.45%	20.26%	74.84%	46.07%	39.33%
Return on Invested Capital (ROIC)	11.90%	9.77%	6.97%	8.42%	7.41%	8.59%	7.81%	2.15%	5.42%	13.80%
ROIC Less NNEP Spread (ROIC-NNEP)	6.01%	3.73%	2.86%	4.99%	0.56%	4.54%	3.40%	0.65%	-0.71%	1.16%
Return on Net Nonoperating Assets (RNNOA)	9.07%	6.67%	5.67%	9.10%	1.03%	9.98%	7.88%	1.45%	-1.68%	2.99%
Return on Equity (ROE)	20.97%	16.44%	12.64%	17.52%	8.44%	18.57%	15.69%	3.59%	3.74%	16.79%
Cash Return on Invested Capital (CROIC)	7.47%	9.22%	6.27%	-3.51%	12.63%	14.45%	9.41%	-11.42%	8.46%	-186.20%
Operating Return on Assets (OROA)	9.66%	7.93%	5.56%	6.60%	3.89%	7.30%	6.32%	5.30%	4.46%	12.16%
Return on Assets (ROA)	5.39%	3.75%	2.69%	3.68%	1.75%	3.74%	3.16%	0.75%	0.76%	3.29%
Return on Common Equity (ROCE)	20.46%	15.98%	12.26%	16.98%	8.15%	17.47%	14.32%	3.25%	3.44%	15.80%
Return on Equity Simple (ROE_SIMPLE)	20.45%	15.58%	13.21%	17.71%	8.51%	18.65%	17.70%	3.74%	3.96%	8.92%
Net Operating Profit after Tax (NOPAT)	557	446	316	359	305	374	353	92	218	282
NOPAT Margin	10.55%	8.59%	6.47%	8.13%	8.16%	8.34%	7.51%	2.09%	5.34%	6.87%
Net Nonoperating Expense Percent (NNEP)	5.89%	6.04%	4.11%	3.44%	6.85%	4.05%	4.41%	1.49%	6.12%	12.64%
Return On Investment Capital (ROIC_SIMPLE)	10.35%	8.44%	6.07%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	65.92%	68.79%	70.97%	67.64%	65.76%	65.10%	66.15%	63.53%	61.79%	63.19%
SG&A Expenses to Revenue	16.05%	16.20%	15.81%	17.72%	18.59%	18.34%	18.66%	24.36%	23.45%	22.26%
R&D to Revenue	1.40%	1.43%	1.35%	1.41%	1.48%	1.57%	1.56%	1.49%	1.41%	1.26%
Operating Expenses to Revenue	20.70%	19.87%	20.37%	21.89%	26.06%	24.01%	24.44%	28.17%	28.31%	25.48%
Earnings before Interest and Taxes (EBIT)	701	568	397	475	272	493	427	337	261	354
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	988	853	710	800	601	854	804	692	601	683
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.90	4.33	3.87	5.07	4.69	5.27	4.64	6.18	5.81	5.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.41	1.44	1.15	1.71	1.80	1.59	1.19	1.80	1.60	1.54
Price to Earnings (P/E)	19.08	28.00	29.27	28.66	55.29	28.65	27.00	214.82	168.57	69.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.24%	3.57%	3.42%	3.49%	1.81%	3.49%	3.70%	0.47%	0.59%	1.45%
Enterprise Value to Invested Capital (EV/IC)	2.16	2.26	1.92	2.34	2.32	2.37	1.98	2.45	2.36	2.29
Enterprise Value to Revenue (EV/Rev)	1.96	1.99	1.78	2.40	2.49	2.23	1.89	2.55	2.29	2.28
Enterprise Value to EBITDA (EV/EBITDA)	10.46	12.10	12.27	13.23	15.46	11.71	11.02	16.12	15.63	13.71
Enterprise Value to EBIT (EV/EBIT)	14.74	18.17	21.95	22.30	34.17	20.31	20.75	33.15	35.98	26.41
Enterprise Value to NOPAT (EV/NOPAT)	18.56	23.17	27.58	29.49	30.49	26.77	25.14	121.95	42.97	33.13
Enterprise Value to Operating Cash Flow (EV/OCF)	17.94	17.95	29.64	18.95	18.26	17.45	0.00	20.66	16.79	22.84
Enterprise Value to Free Cash Flow (EV/FCFF)	29.56	24.55	30.66	0.00	17.89	15.91	20.86	0.00	27.52	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.75	1.98	2.47	2.49	2.63	2.72	2.95	2.78	2.62	3.02
Long-Term Debt to Equity	1.74	1.96	2.45	2.44	2.59	2.69	2.92	2.75	2.60	2.97
Financial Leverage	1.51	1.79	1.98	1.82	1.85	2.20	2.32	2.21	2.38	2.59
Leverage Ratio	3.89	4.38	4.70	4.76	4.84	4.96	4.97	4.78	4.90	5.11
Compound Leverage Factor	2.76	2.74	3.04	3.42	2.17	3.32	3.11	2.69	1.55	2.28
Debt to Total Capital	63.62%	66.40%	71.18%	71.34%	72.46%	73.12%	74.67%	73.55%	72.36%	75.10%
Short-Term Debt to Total Capital	0.37%	0.49%	0.60%	1.48%	1.01%	0.84%	0.82%	0.71%	0.62%	1.09%
Long-Term Debt to Total Capital	63.25%	65.91%	70.59%	69.85%	71.45%	72.28%	73.86%	72.85%	71.74%	74.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.82%	0.87%	0.88%	0.85%	0.87%	1.06%	2.04%	2.47%	2.69%	1.47%
Common Equity to Total Capital	35.56%	32.73%	27.93%	27.81%	26.67%	25.83%	23.29%	23.97%	24.94%	23.43%
Debt to EBITDA	3.46	4.11	5.22	4.79	6.47	4.49	4.80	5.66	5.43	5.04
Net Debt to EBITDA	2.86	3.28	4.29	3.72	4.20	3.29	3.94	4.54	4.54	4.33
Long-Term Debt to EBITDA	3.44	4.08	5.17	4.69	6.38	4.44	4.75	5.60	5.39	4.97
Debt to NOPAT	6.15	7.86	11.72	10.67	12.76	10.26	10.96	42.79	14.94	12.18
Net Debt to NOPAT	5.08	6.29	9.65	8.30	8.29	7.53	8.99	34.35	12.48	10.46
Long-Term Debt to NOPAT	6.11	7.81	11.62	10.44	12.59	10.14	10.84	42.38	14.81	12.01
Altman Z-Score	2.44	2.26	1.91	1.99	1.76	2.04	1.81	1.89	1.88	1.89
Noncontrolling Interest Sharing Ratio	2.41%	2.81%	3.02%	3.07%	3.54%	5.91%	8.72%	9.54%	7.92%	5.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.01	1.98	1.94	1.93	2.48	2.40	2.22	2.14	2.04	2.11
Quick Ratio	1.36	1.37	1.24	1.33	1.89	1.72	1.49	1.52	1.42	1.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	350	420	284	-150	520	629	425	-487	341	-3,813
Operating Cash Flow to CapEx	411.43%	416.67%	194.70%	459.38%	620.34%	509.42%	0.00%	432.00%	410.65%	296.74%
Free Cash Flow to Firm to Interest Expense	1.71	1.97	2.03	-1.11	3.47	3.87	2.66	-3.31	1.91	-19.40
Operating Cash Flow to Interest Expense	2.81	2.70	2.10	4.16	3.40	3.52	0.00	3.67	3.14	2.09
Operating Cash Flow Less CapEx to Interest Expense	2.13	2.05	1.02	3.26	2.85	2.83	0.00	2.82	2.37	1.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.72	0.68	0.61	0.53	0.66	0.70	0.69	0.70	1.41
Accounts Receivable Turnover	4.21	4.45	4.87	4.89	4.40	5.30	5.43	5.24	5.22	0.00
Inventory Turnover	4.72	4.54	4.62	4.86	4.27	4.84	5.09	4.89	4.77	0.00
Fixed Asset Turnover	4.42	4.33	4.11	0.00	0.00	0.00	3.50	3.24	3.03	0.00
Accounts Payable Turnover	5.03	4.89	4.98	4.89	4.69	5.80	5.76	5.40	5.44	0.00
Days Sales Outstanding (DSO)	86.75	81.93	74.92	74.69	83.00	68.85	67.27	69.72	69.91	0.00
Days Inventory Outstanding (DIO)	77.40	80.38	78.94	75.12	85.50	75.34	71.77	74.71	76.53	0.00
Days Payable Outstanding (DPO)	72.62	74.64	73.24	74.64	77.82	62.95	63.32	67.55	67.04	0.00
Cash Conversion Cycle (CCC)	91.53	87.67	80.62	75.16	90.68	81.24	75.73	76.89	79.40	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,781	4,574	4,549	4,517	4,009	4,223	4,478	4,551	3,972	4,095
Invested Capital Turnover	1.13	1.14	1.08	1.04	0.91	1.03	1.04	1.03	1.01	2.01
Increase / (Decrease) in Invested Capital	207	25	32	509	-215	-255	-72	578	-123	4,095
Enterprise Value (EV)	10,331	10,323	8,714	10,587	9,298	10,002	8,864	11,158	9,388	9,360
Market Capitalization	7,462	7,476	5,619	7,563	6,723	7,133	5,591	7,884	6,541	6,339
Book Value per Share	$8.77	$7.85	$6.59	$6.54	$6.09	$5.77	$5.05	$5.24	$4.68	$4.51
Tangible Book Value per Share	($4.02)	($4.52)	($5.24)	($6.03)	($4.29)	($4.60)	($5.75)	($5.84)	($4.03)	($4.40)
Total Capital	5,377	5,277	5,204	5,368	5,373	5,244	5,175	5,323	4,511	4,583
Total Debt	3,421	3,504	3,704	3,830	3,893	3,834	3,864	3,916	3,264	3,442
Total Long-Term Debt	3,401	3,478	3,673	3,750	3,839	3,790	3,822	3,878	3,236	3,391
Net Debt	2,825	2,801	3,049	2,978	2,529	2,814	3,168	3,143	2,726	2,954
Capital Expenditures (CapEx)	140	138	151	122	82	113	-143	125	136	138
Debt-free, Cash-free Net Working Capital (DFCFNWC)	793	716	684	469	435	524	615	498	468	535
Debt-free Net Working Capital (DFNWC)	1,389	1,419	1,339	1,320	1,799	1,544	1,311	1,271	1,006	1,023
Net Working Capital (NWC)	1,369	1,393	1,308	1,241	1,745	1,501	1,269	1,233	978	973
Net Nonoperating Expense (NNE)	166	177	124	95	183	121	139	44	174	187
Net Nonoperating Obligations (NNO)	2,825	2,801	3,049	2,978	2,529	2,814	3,168	3,143	2,726	2,954
Total Depreciation and Amortization (D&A)	287	285	313	325	329	362	377	356	340	328
Debt-free, Cash-free Net Working Capital to Revenue	15.03%	13.81%	14.01%	10.62%	11.64%	11.69%	13.09%	11.38%	11.43%	13.02%
Debt-free Net Working Capital to Revenue	26.33%	27.37%	27.42%	29.90%	48.14%	34.46%	27.92%	29.04%	24.58%	24.89%
Net Working Capital to Revenue	25.95%	26.87%	26.78%	28.09%	46.69%	33.48%	27.02%	28.18%	23.89%	23.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.78	$1.21	$0.86	$1.14	$0.52	$1.06	$0.87	$0.15	$0.18	$0.40
Adjusted Weighted Average Basic Shares Outstanding	218.14M	220.14M	221.05M	224.53M	233.97M	235.06M	234.28M	240.40M	238.10M	233.80M
Adjusted Diluted Earnings per Share	$1.78	$1.21	$0.86	$1.14	$0.52	$1.06	$0.85	$0.15	$0.17	$0.39
Adjusted Weighted Average Diluted Shares Outstanding	218.14M	220.14M	221.05M	224.53M	233.97M	235.06M	234.28M	246.10M	244.40M	239.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	218.14M	220.14M	221.05M	224.53M	233.97M	235.06M	234.28M	245.08M	241.34M	238.30M
Normalized Net Operating Profit after Tax (NOPAT)	557	446	316	359	305	428	353	255	250	282
Normalized NOPAT Margin	10.55%	8.59%	6.47%	8.13%	8.16%	9.54%	7.51%	5.82%	6.10%	6.87%
Pre Tax Income Margin	9.40%	6.85%	5.26%	7.71%	3.27%	7.36%	5.70%	4.33%	2.02%	3.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.42	2.67	2.84	3.54	1.82	3.03	2.68	2.29	1.46	1.80
NOPAT to Interest Expense	2.71	2.09	2.26	2.68	2.03	2.30	2.21	0.62	1.23	1.44
EBIT Less CapEx to Interest Expense	2.74	2.02	1.76	2.63	1.27	2.34	3.57	1.44	0.70	1.10
NOPAT Less CapEx to Interest Expense	2.03	1.44	1.18	1.77	1.49	1.61	3.11	-0.23	0.46	0.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	4.75%	12.31%	-13.08%	6.29%	6.73%	4.91%
Augmented Payout Ratio	25.58%	18.59%	104.17%	92.21%	26.07%	54.00%	-132.07%	128.72%	6.73%	4.91%

This table displays calculated financial ratios and metrics derived from Axalta Coating Systems' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.47%	1.08%	0.84%	4.40%	0.78%	4.91%	5.68%	4.79%	9.36%	8.71%	13.79%
EBITDA Growth	33.88%	14.04%	15.95%	40.10%	-6.63%	32.33%	17.77%	11.87%	19.08%	-4.33%	-5.70%
EBIT Growth	53.10%	18.47%	24.05%	59.69%	-8.87%	63.54%	31.56%	33.82%	46.75%	-0.10%	-5.51%
NOPAT Growth	68.87%	56.82%	20.00%	30.54%	-20.28%	40.12%	25.76%	56.61%	47.52%	3.83%	-0.24%
Net Income Growth	153.85%	85.14%	39.73%	85.25%	-36.07%	69.34%	15.32%	38.32%	49.14%	-18.16%	-8.13%
EPS Growth	150.00%	85.29%	39.39%	88.89%	-33.33%	70.00%	17.86%	35.00%	50.00%	-16.67%	-6.67%
Operating Cash Flow Growth	-23.53%	-18.18%	-7.62%	-12.98%	165.38%	16.35%	162.83%	973.77%	-18.45%	-8.49%	-44.09%
Free Cash Flow Firm Growth	-199.70%	-124.55%	-432.46%	3,849.37%	10,749.67%	77.48%	-78.85%	101.87%	100.40%	112.17%	152.20%
Invested Capital Growth	8.46%	4.53%	7.02%	-3.25%	-3.64%	0.55%	1.34%	2.29%	2.11%	0.70%	-3.60%
Revenue Q/Q Growth	-3.74%	-0.68%	-2.29%	4.40%	-0.24%	-0.92%	1.16%	0.78%	3.82%	-0.19%	0.31%
EBITDA Q/Q Growth	-5.77%	-3.35%	-2.54%	50.82%	-19.74%	-1.72%	17.77%	0.51%	13.89%	-12.54%	11.87%
EBIT Q/Q Growth	-6.99%	-5.10%	-4.85%	82.30%	-28.16%	-0.63%	22.48%	4.03%	29.03%	-20.07%	24.59%
NOPAT Q/Q Growth	-26.72%	32.95%	-6.64%	85.66%	-30.75%	1.74%	1.55%	13.38%	19.47%	-8.69%	26.47%
Net Income Q/Q Growth	-27.74%	34.31%	-9.73%	189.74%	-46.72%	1.37%	19.67%	0.00%	38.95%	-30.96%	43.54%
EPS Q/Q Growth	-28.57%	36.96%	-9.80%	183.33%	-47.06%	3.03%	22.22%	0.00%	35.00%	-28.57%	40.00%
Operating Cash Flow Q/Q Growth	-88.89%	20.62%	70.18%	235.29%	-88.11%	36.19%	60.31%	351.92%	-121.17%	207.63%	554.92%
Free Cash Flow Firm Q/Q Growth	-1,010.28%	87.62%	-160.61%	19.67%	179.52%	67.67%	619.94%	228.76%	-95.54%	-80.02%	163.50%
Invested Capital Q/Q Growth	3.79%	-2.53%	7.03%	0.17%	0.02%	-0.20%	-3.25%	-0.23%	4.37%	0.58%	-2.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.31%	34.10%	35.00%	34.05%	33.15%	32.61%	32.31%	30.14%	29.75%	29.98%	29.23%
EBITDA Margin	19.41%	19.83%	20.38%	20.43%	14.14%	17.58%	17.72%	15.22%	15.26%	13.94%	15.90%
Operating Margin	13.95%	14.26%	14.62%	15.17%	9.35%	12.49%	12.45%	10.66%	9.74%	8.87%	9.97%
EBIT Margin	13.71%	14.19%	14.85%	15.25%	8.73%	12.10%	12.07%	9.97%	9.66%	7.77%	9.70%
Profit (Net Income) Margin	7.84%	10.45%	7.73%	8.36%	3.01%	5.71%	5.58%	4.71%	4.75%	3.53%	5.11%
Tax Burden Percent	76.74%	98.56%	71.83%	72.44%	66.10%	72.55%	70.87%	82.43%	80.26%	76.53%	74.38%
Interest Burden Percent	74.57%	74.73%	72.45%	75.73%	52.21%	64.97%	65.19%	57.36%	61.29%	59.48%	70.86%
Effective Tax Rate	23.26%	1.44%	28.17%	27.56%	33.90%	27.45%	29.13%	17.57%	19.74%	23.47%	25.62%
Return on Invested Capital (ROIC)	11.77%	15.86%	11.65%	12.39%	6.89%	10.30%	9.93%	9.48%	8.31%	7.31%	7.70%
ROIC Less NNEP Spread (ROIC-NNEP)	10.49%	14.18%	10.41%	11.16%	5.51%	8.81%	8.55%	7.81%	7.07%	5.98%	6.81%
Return on Net Nonoperating Assets (RNNOA)	15.18%	21.39%	17.02%	18.51%	9.63%	15.75%	17.67%	16.09%	14.81%	11.86%	15.55%
Return on Equity (ROE)	26.95%	37.24%	28.67%	30.89%	16.52%	26.05%	27.61%	25.57%	23.11%	19.17%	23.25%
Cash Return on Invested Capital (CROIC)	4.60%	7.47%	3.46%	13.23%	12.84%	9.22%	7.73%	6.04%	5.33%	6.27%	10.47%
Operating Return on Assets (OROA)	9.92%	10.31%	10.78%	11.16%	6.44%	8.76%	8.95%	7.20%	6.85%	5.31%	6.60%
Return on Assets (ROA)	5.67%	7.59%	5.61%	6.12%	2.22%	4.13%	4.14%	3.41%	3.37%	2.42%	3.48%
Return on Common Equity (ROCE)	26.33%	36.35%	27.95%	30.10%	16.09%	25.32%	26.76%	24.81%	22.42%	18.59%	22.49%
Return on Equity Simple (ROE_SIMPLE)	21.72%	0.00%	17.19%	16.84%	14.24%	0.00%	14.89%	13.94%	13.52%	0.00%	15.84%
Net Operating Profit after Tax (NOPAT)	135	184	139	148	80	118	116	114	100	84	92
NOPAT Margin	10.70%	14.06%	10.50%	10.99%	6.18%	9.06%	8.83%	8.79%	7.81%	6.78%	7.42%
Net Nonoperating Expense Percent (NNEP)	1.28%	1.68%	1.24%	1.22%	1.38%	1.49%	1.39%	1.67%	1.24%	1.33%	0.89%
Return On Investment Capital (ROIC_SIMPLE)	2.44%	3.43%	-	-	-	2.23%	-	-	-	1.61%	-
Cost of Revenue to Revenue	65.69%	65.90%	65.00%	65.95%	66.85%	67.39%	67.69%	69.86%	70.25%	70.02%	70.77%
SG&A Expenses to Revenue	16.01%	16.48%	15.98%	15.77%	16.00%	16.58%	15.97%	16.23%	16.04%	16.21%	15.05%
R&D to Revenue	1.35%	1.45%	1.44%	1.33%	1.39%	1.39%	1.38%	1.47%	1.48%	1.33%	1.33%
Operating Expenses to Revenue	20.36%	19.83%	20.38%	18.87%	23.80%	20.12%	19.86%	19.47%	20.02%	21.12%	19.26%
Earnings before Interest and Taxes (EBIT)	173	186	196	206	113	157	158	129	124	96	120
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	245	260	269	276	183	228	232	197	196	172	197
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.49	3.90	4.17	4.25	4.37	4.33	3.72	4.42	4.26	3.87	3.65
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.38	1.41	1.51	1.44	1.46	1.44	1.16	1.44	1.34	1.15	0.97
Price to Earnings (P/E)	16.12	19.08	24.24	25.27	30.59	28.00	25.10	31.88	31.72	29.27	23.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.21%	5.24%	4.13%	3.96%	3.27%	3.57%	3.98%	3.14%	3.15%	3.42%	4.33%
Enterprise Value to Invested Capital (EV/IC)	2.04	2.16	2.23	2.26	2.28	2.26	1.95	2.19	2.08	1.92	1.75
Enterprise Value to Revenue (EV/Rev)	1.93	1.96	2.08	1.97	2.00	1.99	1.75	2.05	1.98	1.78	1.65
Enterprise Value to EBITDA (EV/EBITDA)	9.64	10.46	11.45	11.27	12.41	12.10	11.22	13.60	13.32	12.27	11.00
Enterprise Value to EBIT (EV/EBIT)	13.30	14.74	16.27	16.32	18.69	18.17	17.64	22.08	22.61	21.95	19.88
Enterprise Value to NOPAT (EV/NOPAT)	16.69	18.56	22.51	22.37	24.45	23.17	21.69	26.64	28.33	27.58	25.17
Enterprise Value to Operating Cash Flow (EV/OCF)	17.82	17.94	17.41	16.06	15.75	17.95	16.73	25.61	34.56	29.64	24.92
Enterprise Value to Free Cash Flow (EV/FCFF)	46.14	29.56	66.70	16.79	17.39	24.55	25.41	36.64	39.42	30.66	16.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.61	1.75	1.81	1.98	1.93	1.98	2.15	2.11	2.26	2.47	2.83
Long-Term Debt to Equity	1.60	1.74	1.80	1.97	1.92	1.96	2.13	2.09	2.23	2.45	2.78
Financial Leverage	1.45	1.51	1.64	1.66	1.75	1.79	2.07	2.06	2.09	1.98	2.28
Leverage Ratio	3.72	3.89	4.03	4.09	4.16	4.38	4.65	4.57	4.64	4.70	5.01
Compound Leverage Factor	2.77	2.91	2.92	3.10	2.17	2.85	3.03	2.62	2.84	2.79	3.55
Debt to Total Capital	61.70%	63.62%	64.37%	66.49%	65.88%	66.40%	68.24%	67.87%	69.30%	71.18%	73.87%
Short-Term Debt to Total Capital	0.36%	0.37%	0.37%	0.37%	0.38%	0.49%	0.62%	0.74%	0.79%	0.60%	1.32%
Long-Term Debt to Total Capital	61.34%	63.25%	64.01%	66.13%	65.49%	65.91%	67.63%	67.13%	68.51%	70.59%	72.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.83%	0.82%	0.84%	0.83%	0.85%	0.87%	0.86%	0.85%	0.86%	0.88%	0.91%
Common Equity to Total Capital	37.47%	35.56%	34.79%	32.68%	33.28%	32.73%	30.90%	31.28%	29.84%	27.93%	25.22%
Debt to EBITDA	3.26	3.46	3.69	3.93	4.08	4.11	4.44	4.68	4.92	5.22	5.20
Net Debt to EBITDA	2.70	2.86	3.09	3.01	3.34	3.28	3.68	4.00	4.23	4.29	4.46
Long-Term Debt to EBITDA	3.24	3.44	3.67	3.91	4.06	4.08	4.40	4.63	4.86	5.17	5.10
Debt to NOPAT	5.64	6.15	7.26	7.80	8.05	7.86	8.59	9.17	10.47	11.72	11.90
Net Debt to NOPAT	4.68	5.08	6.08	5.98	6.57	6.29	7.12	7.84	8.99	9.65	10.22
Long-Term Debt to NOPAT	5.60	6.11	7.21	7.76	8.00	7.81	8.51	9.07	10.35	11.62	11.68
Altman Z-Score	2.18	2.21	2.16	2.19	2.14	2.08	1.96	2.05	1.96	1.77	1.70
Noncontrolling Interest Sharing Ratio	2.31%	2.41%	2.51%	2.56%	2.63%	2.81%	3.05%	2.99%	3.00%	3.02%	3.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	2.01	2.00	2.26	2.07	1.98	2.05	2.02	2.05	1.94	1.98
Quick Ratio	1.40	1.36	1.31	1.58	1.40	1.37	1.40	1.35	1.31	1.24	1.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-252	-23	-183	302	253	92	55	7.66	2.33	52	261
Operating Cash Flow to CapEx	60.47%	377.42%	587.88%	495.65%	154.55%	866.67%	677.42%	409.38%	-123.81%	565.06%	225.07%
Free Cash Flow to Firm to Interest Expense	-5.73	-0.48	-3.39	6.05	4.68	1.68	1.00	0.14	0.05	1.34	7.45
Operating Cash Flow to Interest Expense	0.59	4.98	3.59	2.28	0.63	5.20	3.82	2.38	-1.08	6.32	2.28
Operating Cash Flow Less CapEx to Interest Expense	-0.39	3.66	2.98	1.82	0.22	4.60	3.25	1.80	-1.96	5.20	1.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.73	0.73	0.73	0.74	0.72	0.74	0.72	0.71	0.68	0.68
Accounts Receivable Turnover	4.16	4.21	4.05	4.14	4.31	4.45	4.26	4.26	4.54	4.87	4.44
Inventory Turnover	4.48	4.72	4.45	4.65	4.55	4.54	4.50	4.53	4.52	4.62	4.52
Fixed Asset Turnover	4.42	4.42	4.46	4.46	4.37	4.33	4.47	4.30	4.18	4.11	4.13
Accounts Payable Turnover	4.74	5.03	4.92	4.96	4.95	4.89	4.88	4.90	4.86	4.98	4.97
Days Sales Outstanding (DSO)	87.84	86.75	90.14	88.25	84.73	81.93	85.77	85.65	80.37	74.92	82.27
Days Inventory Outstanding (DIO)	81.55	77.40	82.05	78.47	80.15	80.38	81.03	80.57	80.78	78.94	80.79
Days Payable Outstanding (DPO)	77.04	72.62	74.20	73.57	73.68	74.64	74.72	74.54	75.04	73.24	73.38
Cash Conversion Cycle (CCC)	92.35	91.53	98.00	93.15	91.20	87.67	92.08	91.68	86.11	80.62	89.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,962	4,781	4,905	4,583	4,575	4,574	4,583	4,737	4,748	4,549	4,523
Invested Capital Turnover	1.10	1.13	1.11	1.13	1.11	1.14	1.13	1.08	1.06	1.08	1.04
Increase / (Decrease) in Invested Capital	387	207	322	-154	-173	25	60	106	98	32	-169
Enterprise Value (EV)	10,122	10,331	10,937	10,349	10,413	10,323	8,943	10,361	9,873	8,714	7,894
Market Capitalization	7,236	7,462	7,937	7,539	7,569	7,476	5,964	7,268	6,696	5,619	4,645
Book Value per Share	$9.52	$8.77	$8.69	$8.04	$7.85	$7.85	$7.24	$7.42	$7.10	$6.59	$5.77
Tangible Book Value per Share	($3.42)	($4.02)	($4.65)	($3.79)	($4.12)	($4.52)	($4.13)	($4.33)	($4.74)	($5.24)	($5.49)
Total Capital	5,540	5,377	5,476	5,426	5,202	5,277	5,191	5,257	5,262	5,204	5,049
Total Debt	3,418	3,421	3,525	3,608	3,427	3,504	3,543	3,568	3,647	3,704	3,730
Total Long-Term Debt	3,398	3,401	3,505	3,588	3,407	3,478	3,511	3,529	3,606	3,673	3,663
Net Debt	2,840	2,825	2,954	2,765	2,800	2,801	2,935	3,048	3,132	3,049	3,203
Capital Expenditures (CapEx)	43	62	33	23	22	33	31	32	42	44	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	933	793	865	856	821	716	851	879	871	684	859
Debt-free Net Working Capital (DFNWC)	1,511	1,389	1,436	1,699	1,448	1,419	1,460	1,399	1,386	1,339	1,385
Net Working Capital (NWC)	1,491	1,369	1,416	1,679	1,428	1,393	1,428	1,360	1,344	1,308	1,319
Net Nonoperating Expense (NNE)	36	47	37	35	41	44	43	53	39	40	29
Net Nonoperating Obligations (NNO)	2,840	2,825	2,954	2,765	2,800	2,801	2,935	3,048	3,132	3,049	3,203
Total Depreciation and Amortization (D&A)	72	74	73	70	70	71	74	68	72	76	77
Debt-free, Cash-free Net Working Capital to Revenue	17.79%	15.03%	16.44%	16.30%	15.81%	13.81%	16.62%	17.40%	17.44%	14.01%	17.95%
Debt-free Net Working Capital to Revenue	28.81%	26.33%	27.29%	32.36%	27.88%	27.37%	28.49%	27.69%	27.75%	27.42%	28.95%
Net Working Capital to Revenue	28.43%	25.95%	26.91%	31.97%	27.49%	26.87%	27.86%	26.92%	26.91%	26.78%	27.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.45	$0.63	$0.46	$0.51	$0.18	$0.34	$0.33	$0.27	$0.27	$0.20	$0.28
Adjusted Weighted Average Basic Shares Outstanding	218.56M	218.14M	218.06M	219.30M	220.65M	220.14M	220.08M	221.70M	221.53M	221.05M	220.61M
Adjusted Diluted Earnings per Share	$0.45	$0.63	$0.46	$0.51	$0.18	$0.34	$0.33	$0.27	$0.27	$0.20	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	218.56M	218.14M	218.06M	219.30M	220.65M	220.14M	220.08M	221.70M	221.53M	221.05M	220.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	218.56M	218.14M	218.06M	219.30M	220.65M	220.14M	220.08M	221.70M	221.53M	221.05M	220.61M
Normalized Net Operating Profit after Tax (NOPAT)	135	184	139	148	80	118	116	114	100	84	92
Normalized NOPAT Margin	10.70%	14.06%	10.50%	10.99%	6.18%	9.06%	8.83%	8.79%	7.81%	6.78%	7.42%
Pre Tax Income Margin	10.22%	10.60%	10.76%	11.55%	4.56%	7.86%	7.87%	5.72%	5.92%	4.62%	6.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.93	3.96	3.63	4.12	2.09	2.85	2.87	2.35	2.58	2.47	3.43
NOPAT to Interest Expense	3.07	3.92	2.57	2.97	1.48	2.14	2.10	2.07	2.09	2.16	2.62
EBIT Less CapEx to Interest Expense	2.95	2.64	3.02	3.66	1.69	2.25	2.31	1.76	1.71	1.35	2.42
NOPAT Less CapEx to Interest Expense	2.09	2.60	1.96	2.51	1.07	1.54	1.54	1.49	1.22	1.04	1.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	25.58%	30.53%	33.50%	0.00%	18.59%	20.93%	0.00%	0.00%	104.17%	114.08%

Frequently Asked Questions About Axalta Coating Systems' Financials

When does Axalta Coating Systems's fiscal year end?

According to the most recent income statement we have on file, Axalta Coating Systems' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Axalta Coating Systems' net income changed over the last 9 years?

Axalta Coating Systems' net income appears to be on an upward trend, with a most recent value of $391 million in 2024, rising from $95.80 million in 2015. The previous period was $269 million in 2023. View Axalta Coating Systems' forecast to see where analysts expect Axalta Coating Systems to go next.

What is Axalta Coating Systems's operating income?

Axalta Coating Systems's total operating income in 2024 was $706 million, based on the following breakdown:

Total Gross Profit: $1.80 billion
Total Operating Expenses: $1.09 billion

How has Axalta Coating Systems revenue changed over the last 9 years?

Over the last 9 years, Axalta Coating Systems' total revenue changed from $4.11 billion in 2015 to $5.28 billion in 2024, a change of 28.4%.

How much debt does Axalta Coating Systems have?

Axalta Coating Systems' total liabilities were at $5.29 billion at the end of 2024, a 3.7% decrease from 2023, and a 12.9% increase since 2015.

How much cash does Axalta Coating Systems have?

In the past 9 years, Axalta Coating Systems' cash and equivalents has ranged from $485 million in 2015 to $1.36 billion in 2020, and is currently $593 million as of their latest financial filing in 2024.

How has Axalta Coating Systems' book value per share changed over the last 9 years?

Over the last 9 years, Axalta Coating Systems' book value per share changed from 4.51 in 2015 to 8.77 in 2024, a change of 94.2%.

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This page (NYSE:AXTA) was last updated on 5/21/2025 by MarketBeat.com Staff

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Axalta Coating Systems (AXTA) Financials

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Axalta Coating Systems (AXTA) Financials

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