Axalta Coating Systems vs Cabot
Axalta Coating Systems is the larger business, with $5.12bn of revenue in fiscal 2025 against $3.71bn for Cabot (1.4 times as much). Axalta Coating Systems grew faster (-3.0% against -7.0%). Cabot kept more of each dollar of sales as profit: a net margin of 8.9% against 7.4%. Cabot carries less debt relative to equity (72.9% against 137.5%).
| Latest fiscal year | Axalta Coating SystemsAXTA, 2025 | CabotCBT, 2025 |
|---|---|---|
| Revenue | $5.12bn | $3.71bn |
| Revenue growth | -3.0% | -7.0% |
| Net income | $378m | $331m |
| Operating margin | 14.4% | 16.7% |
| Net margin | 7.4% | 8.9% |
| Return on equity | 17.8% | 22.3% |
| Free cash flow | $453m | $391m |
| Cash | $657m | $258m |
| Total debt | $3.23bn | $1.13bn |
| Debt to equity | 137.5% | 72.9% |
| Dividend per share | — | $1.76 |
| Dividend yield | — | 2.5% |
| Share buybacks | $165m | $168m |
| Employees | 12,300 | 4,100 |
| Market value | $7.62bn | $3.78bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 70 (Strong) | 68 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 3 sales |