The Tip Desk

Axalta Coating Systems Ltd.

Company Stats

Market Cap
$6.9B
as of Sep 30, 2026
Enterprise Value
$9.5B
Shares Outstanding
214.0M
Free Float
100.0%

Income Statement

Revenue
$5.1B
Operating Income
$735.0M
Net Income
$378.0M
EBITDA
$866.0M
Non-cash Impairment
$1.0M
Revenue Growth, 3Y
1.6%
FCF Margin, 3Y Avg
8.5%
FCF Margin, Worst Year
8.3%

Cash Flow

Free Cash Flow
$453.0M
FCF Yield
6.6%
Owner FCF Yield
6.2%

Balance Sheet

Cash & Equivalents
$657.0M
Total Debt
$3.2B
Net Debt
$2.6B
Net Debt / EBITDA
2.97x
EV / EBITDA
10.91x
Net Debt / EBIT
3.49x

Returns & Capital

Share Repurchases
$165.0M
Buyback Yield, 3Y Avg
1.5%
SBC, 3Y Avg
$26.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$5.1B$453.0M8.9%
FY2024$5.3B$436.0M8.3%
FY2023$5.2B$437.0M8.4%
FY2022$4.9B$143.0M2.9%
FY2021$4.4B$437.0M9.9%

Annual filing data through FY ended December 31, 2025; shares and float as of November 1, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage