AXALTA COATING SYSTEMS LTD.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $5.12B | $5.28B | $5.18B | $4.88B | $4.42B | $3.74B | $4.48B |
| Cost of Revenue | — | $3.36B | $3.48B | $3.57B | $3.47B | $2.99B | $2.46B | $2.92B |
| Gross Profit | — | $1.76B | $1.80B | $1.62B | $1.42B | $1.43B | $1.28B | $1.56B |
| Gross Margin | — | 34.4% | 34.1% | 31.2% | 29.0% | 32.4% | 34.2% | 34.9% |
| Operating Expenses | ||||||||
| Research & Development | — | $71.0M | $74.0M | $74.0M | $66.0M | $62.4M | $55.2M | $70.2M |
| SG&A Expense | — | $805.0M | $847.0M | $840.0M | $772.0M | $738.7M | $695.0M | $822.1M |
| Operating Income | — | $735.0M | $706.0M | $588.0M | $423.0M | $462.4M | $305.5M | $488.2M |
| Operating Margin | — | 14.4% | 13.4% | 11.3% | 8.7% | 10.5% | 8.2% | 10.9% |
| Interest Expense | — | $176.0M | $205.0M | $213.0M | $139.8M | $134.2M | $149.9M | $162.6M |
| Pretax Income | — | $546.0M | $496.0M | $355.0M | $257.0M | $340.5M | $122.2M | $330.0M |
| Income Tax Expense | — | $167.0M | $105.0M | $86.0M | $65.0M | $76.1M | $200.0K | $77.4M |
| Net Income | — | $378.0M | $391.0M | $267.0M | $192.0M | $263.9M | $121.6M | $249.0M |
| Net Margin | — | 7.4% | 7.4% | 5.2% | 3.9% | 6.0% | 3.3% | 5.6% |
| EPS (Basic) | — | $1.75 | $1.78 | $1.21 | $0.86 | $1.14 | $0.52 | $1.06 |
| EPS (Diluted) | — | $1.74 | $1.78 | $1.21 | $0.86 | $1.14 | $0.52 | $1.06 |
| Shares Outstanding (Basic) | 213.4M | 216.0M | 219.3M | 221.0M | 221.7M | 231.0M | 235.2M | 233.9M |
| Shares Outstanding (Diluted) | 213.4M | 217.0M | 220.4M | 221.9M | 222.3M | 231.9M | 236.0M | 235.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |