AXTAAxalta Coating Systems Ltd.
Paints, Varnishes, Lacquers, Enamels & Allied Prods
- Revenue
- $5.1B
- 3.0% YoY
- Operating margin
- 14.4%
- 7.3% YoY
- EBITDA
- $1.0B
- 4.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.8×
- $1.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear171% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear25% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear23% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.4B | $4.9B | $5.2B | $5.3B | $5.1B | 3.0% |
| Operating income | $462M | $423M | $588M | $706M | $735M | 4.1% |
| Net income | $264M | $192M | $269M | $391M | $379M | 3.1% |
| Operating cash flow | $559M | $294M | $575M | $576M | $649M | 13% |
| Capex | $122M | $151M | $138M | $140M | $196M | 40% |
| Stock-based comp | $15M | $22M | $26M | $28M | $25M | 11% |
| Buybacks | $244M | $200M | $50M | $100M | $165M | 65% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 113 | 142 |
| FY2024 | — | — | 120 | 138 |
| FY2023 | — | — | 119 | 143 |
| FY2022 | — | — | 89 | 125 |
| FY2021 | — | — | 116 | 130 |