Axalta Coating Systems Ltd. (AXTA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.25B | 1.26B | 1.29B | 1.3B | 1.26B | 1.31B | 1.32B | 1.35B | 1.29B | 1.3B | 1.31B | 1.29B | 1.28B | 1.24B | 1.24B | 1.23B | 1.17B | 1.14B | 1.09B | 1.13B |
| Revenue Growth % | -0.63% | -3.74% | -2.42% | -3.4% | -2.47% | 1.06% | 0.84% | 4.4% | 0.78% | 4.9% | 5.68% | 4.79% | 9.36% | 8.75% | 13.79% | 9.59% | 10.39% | 5.84% | 6.01% | 72.64% |
| Cost of Goods Sold | 864M | 865M | 863M | 872M | 853M | 864M | 858M | 891M | 865M | 873.8M | 886M | 904M | 902M | 865.2M | 876.6M | 886.4M | 837.4M | 804.7M | 745.3M | 752.8M |
| COGS % of Revenue | 68.9% | 68.54% | 67% | 66.82% | 67.59% | 65.9% | 65% | 65.95% | 66.85% | 67.36% | 67.69% | 69.86% | 70.25% | 69.96% | 70.77% | 71.78% | 71.32% | 70.76% | 68.46% | 66.81% |
| Gross Profit | 390M | 397M | 425M | 433M | 409M | 447M | 462M | 460M | 429M | 423.5M | 423M | 390M | 382M | 371.5M | 362.1M | 348.5M | 336.7M | 332.5M | 343.3M | 374M |
| Gross Margin % | 31.1% | 31.46% | 33% | 33.18% | 32.41% | 34.1% | 35% | 34.05% | 33.15% | 32.64% | 32.31% | 30.14% | 29.75% | 30.04% | 29.23% | 28.22% | 28.68% | 29.24% | 31.54% | 33.19% |
| Gross Profit Growth % | -4.65% | -11.19% | -8.01% | -5.87% | -4.66% | 5.55% | 9.22% | 17.95% | 12.3% | 14% | 16.82% | 11.91% | 13.45% | 11.73% | 5.48% | -6.82% | -11.18% | -16.18% | -12.6% | 143.65% |
| Operating Expenses | 244M | 234M | 219M | 231M | 222M | 260M | 269M | 255M | 308M | 262.3M | 260M | 252M | 257M | 261.7M | 238.6M | 244.9M | 250.4M | 237.8M | 218.6M | 183.6M |
| OpEx % of Revenue | 19.46% | 18.54% | 17% | 17.7% | 17.59% | 19.83% | 20.38% | 18.87% | 23.8% | 20.22% | 19.86% | 19.47% | 20.02% | 21.16% | 19.26% | 19.83% | 21.33% | 20.91% | 20.08% | 16.29% |
| Selling, General & Admin | 200M | 218M | 201M | 211M | 205M | 216M | 211M | 213M | 207M | 214.9M | 209M | 210M | 206M | 200.8M | 186.4M | 191.7M | 193.5M | 194.4M | 181M | 184.2M |
| SG&A % of Revenue | 15.95% | 17.27% | 15.61% | 16.17% | 16.24% | 16.48% | 15.98% | 15.77% | 16% | 16.57% | 15.97% | 16.23% | 16.04% | 16.24% | 15.05% | 15.52% | 16.48% | 17.09% | 16.63% | 16.35% |
| Research & Development | 18M | 16M | 18M | 20M | 17M | 19M | 19M | 18M | 18M | 17.8M | 18M | 19M | 19M | 16.8M | 16.5M | 16.7M | 16.4M | 15.6M | 15.4M | 15.8M |
| R&D % of Revenue | 1.44% | 1.27% | 1.4% | 1.53% | 1.35% | 1.45% | 1.44% | 1.33% | 1.39% | 1.37% | 1.38% | 1.47% | 1.48% | 1.36% | 1.33% | 1.35% | 1.4% | 1.37% | 1.41% | 1.4% |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Operating Income | 146M | 163M | 206M | 202M | 187M | 187M | 193M | 205M | 121M | 161.2M | 163M | 138M | 125M | 109.8M | 123.5M | 103.6M | 86.3M | 94.7M | 124.7M | 190.4M |
| Operating Margin % | 11.64% | 12.92% | 15.99% | 15.48% | 14.82% | 14.26% | 14.62% | 15.17% | 9.35% | 12.43% | 12.45% | 10.66% | 9.74% | 8.88% | 9.97% | 8.39% | 7.35% | 8.33% | 11.46% | 16.9% |
| Operating Income Growth % | -21.93% | -12.83% | 6.74% | -1.46% | 54.55% | 16% | 18.4% | 48.55% | -3.2% | 46.81% | 31.98% | 33.2% | 44.84% | 15.95% | -0.96% | -45.59% | 64.07% | -41.97% | -12% | 395.19% |
| EBITDA | 222M | 240M | 280M | 276M | 257M | 260M | 264M | 273M | 189M | 229.9M | 234M | 204M | 195M | 183.4M | 198M | 180.9M | 164M | 176.5M | 204M | 269.4M |
| EBITDA Margin % | 17.7% | 19.02% | 21.74% | 21.15% | 20.36% | 19.83% | 20% | 20.21% | 14.61% | 17.72% | 17.88% | 15.77% | 15.19% | 14.83% | 15.98% | 14.65% | 13.97% | 15.52% | 18.74% | 23.91% |
| EBITDA Growth % | -13.62% | -7.69% | 6.06% | 1.1% | 35.98% | 13.09% | 12.82% | 33.82% | -3.08% | 25.35% | 18.18% | 12.77% | 18.9% | 3.91% | -2.94% | -32.85% | 27.13% | -26.43% | -8.15% | 2126.45% |
| D&A (Non-Cash Add-back) | 76M | 77M | 74M | 74M | 70M | 73M | 71M | 68M | 68M | 68.7M | 71M | 66M | 70M | 73.6M | 74.5M | 77.3M | 77.7M | 81.8M | 79.3M | 79M |
| EBIT | 146M | 163M | 206M | 202M | 187M | 186M | 196M | 206M | 113M | 157.2M | 158M | 129M | 124M | 96.1M | 120.1M | 96.4M | 84.5M | 96.1M | 127.1M | 198.5M |
| Net Interest Income | -38M | -46M | -49M | -49M | -49M | -47M | -54M | -50M | -54M | -55.4M | -55M | -55M | -48M | -38.7M | -35M | -33.5M | -32.6M | -33.5M | -33.8M | -33.4M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 38M | 46M | 49M | 49M | 49M | 47M | 54M | 50M | 54M | 55.4M | 55M | 55M | 48M | 38.7M | 35M | 33.5M | 32.6M | 33.5M | 33.8M | 33.4M |
| Other Income/Expense | -41M | -44M | -51M | -59M | -58M | -48M | -51M | -49M | -62M | -59.4M | -60M | -64M | -49M | -52.4M | -38.4M | -40.7M | -34.4M | -32.1M | -31.4M | -25.3M |
| Pretax Income | 105M | 119M | 155M | 143M | 129M | 139M | 142M | 156M | 59M | 101.8M | 103M | 74M | 76M | 57.4M | 85.1M | 62.9M | 51.9M | 62.6M | 93.3M | 165.1M |
| Pretax Margin % | 8.37% | 9.43% | 12.03% | 10.96% | 10.22% | 10.6% | 10.76% | 11.55% | 4.56% | 7.85% | 7.87% | 5.72% | 5.92% | 4.64% | 6.87% | 5.09% | 4.42% | 5.5% | 8.57% | 14.65% |
| Income Tax | 14M | 59M | 45M | 33M | 30M | 2M | 40M | 43M | 20M | 28.2M | 30M | 13M | 15M | 13.5M | 21.8M | 18.8M | 11M | 9.2M | 24.4M | 38.7M |
| Effective Tax Rate % | 13.33% | 49.58% | 29.03% | 23.08% | 23.26% | 1.44% | 28.17% | 27.56% | 33.9% | 27.7% | 29.13% | 17.57% | 19.74% | 23.52% | 25.62% | 29.89% | 21.19% | 14.7% | 26.15% | 23.44% |
| Net Income | 90M | 60M | 110M | 109M | 99M | 137M | 101M | 112M | 41M | 73.1M | 72M | 61M | 61M | 43.6M | 62.4M | 44.1M | 41.5M | 53.2M | 69.1M | 126.4M |
| Net Margin % | 7.18% | 4.75% | 8.54% | 8.35% | 7.84% | 10.45% | 7.65% | 8.29% | 3.17% | 5.63% | 5.5% | 4.71% | 4.75% | 3.53% | 5.04% | 3.57% | 3.53% | 4.68% | 6.35% | 11.22% |
| Net Income Growth % | -9.09% | -56.2% | 8.91% | -2.68% | 141.46% | 87.41% | 40.28% | 83.61% | -32.79% | 67.66% | 15.38% | 38.32% | 46.99% | -18.05% | -9.7% | -65.11% | 173.03% | -23.67% | -16.24% | 252.66% |
| Net Income (Continuing) | 91M | 60M | 110M | 110M | 99M | 137M | 102M | 113M | 39M | 73.6M | 73M | 61M | 61M | 43.9M | 63.3M | 44.1M | 40.9M | 53.4M | 68.9M | 126.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 46M | 47M | 46M | 46M | 46M | 44M | 46M | 45M | 44M | 45.5M | 44.5M | 44.8M | 45.2M | 46M | 46.1M | 46.6M | 45.8M | 45.8M | 46.3M | 47M |
| EPS (Diluted) | 0.42 | 0.28 | 0.51 | 0.50 | 0.45 | 0.62 | 0.46 | 0.51 | 0.19 | 0.33 | 0.33 | 0.27 | 0.27 | 0.20 | 0.28 | 0.20 | 0.18 | 0.23 | 0.30 | 0.54 |
| EPS Growth % | -6.67% | -54.84% | 10.87% | -1.96% | 136.84% | 87.88% | 39.39% | 88.89% | -29.63% | 65% | 17.86% | 35% | 50% | -13.04% | -6.67% | -62.96% | 200% | -23.33% | -14.29% | 254.29% |
| EPS (Basic) | 0.42 | 0.28 | 0.51 | 0.50 | 0.45 | 0.63 | 0.46 | 0.51 | 0.19 | 0.33 | 0.33 | 0.27 | 0.27 | 0.20 | 0.28 | 0.20 | 0.18 | 0.23 | 0.30 | 0.54 |
| Diluted Shares Outstanding | 214.6M | 214.5M | 215.9M | 218.3M | 219.4M | 219.3M | 220.9M | 220.9M | 221.3M | 220.9M | 221.9M | 222.5M | 222.1M | 221.5M | 221.2M | 221.4M | 225.2M | 228.9M | 230.7M | 233.5M |
| Basic Shares Outstanding | 213.6M | 213.4M | 215M | 217.6M | 218.3M | 218.1M | 218.9M | 219.9M | 220.3M | 220.1M | 221M | 221.6M | 222.1M | 220.7M | 220.6M | 221M | 224.7M | 227.9M | 229.9M | 232.5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |